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Rachel Cruze on Mastering Your Money
Description
Watch the full video interview on YouTube here: http://bit.ly/rachelcruze391
Rachel Cruze (IG: @rachelcruze) is a two-time #1 national bestselling author, financial expert and host of The Rachel Cruze Show.
Since 2010, she's served at Ramsey Solutions, where she teaches people to avoid debt, save money, budget and how to win with money at any stage in life.
Today we're discussing Rachel's new book, Know Yourself, Know Your Money: Discover WHY You Handle Money the Way You Do and WHAT to Do About It.
In this episode, we discuss:
- Rachel's first money memory
- The 3 envelopes: give, spend, save
- Dave Ramsey's rebound from bankruptcy
- How you view money is shaped by how you grew up
- The 4 money classrooms
- The "share don't scare" method for teaching children about money
- The joy that comes through giving
- Having a goal together as a family creates unity
- Rachel's formula for mortgages
- Gratitude is the first step toward contentment
- Staying away from credit cards
- Starting a $1000 emergency fund
- Using the debt snowball to pay off your debt
- Creating a monthly budget tracker
- Saving 3-6 months of expenses
- Not saving for retirement until after your debt is paid off
- Rachel's work-life balance as a busy mom of 3
- Finding your money "why"
- Write down your goals for motivation
- Counselling is self-care
- Sitting in silence in the present moment
- Don't let social media drive your purchases
- Stop spending your life looking at a screen
- You can make a change today
Show sponsors:
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Related links:
Rachel Cruze - Know Yourself, Know Your Money (book)
Follow Rachel Cruze on Facebook, Instagram, and Twitter
Rachel Cruze - Love Your Life Not Theirs (book)
Dave Ramsey & Rachel Cruze - Smart Money Smart Kids (book)
The Social Dilemma (documentary)
Related episodes:
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