The Ramsey Show

THIS Is How You Become A Millionaire In America Today

May 15, 2024

Financial expert and author Rachel Cruze joins to discuss topics such as property improvements, waiting for an ex to pay off debt, vehicle upgrades, budgeting with irregular income, debt struggles, restarting after a divorce, and putting 10% down on a house. Rabbi Daniel Lapin also joins to talk about his book, 'The Holistic You'.

02:04:34

Episode guests

Rachel Cruze

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Balancing loyalty to company with financial stability is crucial when facing delayed paychecks.

Managing debt and irregular income requires strategic planning for financial stability and growth.

Navigating financial challenges while supporting a family involves careful financial management and prioritization.

Addressing significant debt and managing fluctuating income requires proactive financial planning and decision-making.

Prioritizing financial stability while facing debt and family changes necessitates strategic financial management and decision-making.

Deep dives

Dealing with Financial Issues at Work

Lucas moved to Nashville to switch industries into aviation, working part-time while training to be a pilot. He took a job with a new business but has fallen three paychecks behind. Despite feeling conflicted about raising the issue and potentially harming the company, the lack of communication and delayed payments are impacting his life goals. Seeking advice on addressing the situation while maintaining his integrity and considering his financial needs.

Introduction

4min

Securing Ownership for Future Wealth

4min

Navigating the Challenges of Family Business and Financial Formality

4min

Financial Challenges and Career Planning

5min

Navigating Life Changes and Promoting Financial Guidance

5min

Strategic Vehicle Purchases for Wealth Building

8min

Navigating Lifestyle Expectations and Budgeting Advice with a Focus on Car Upgrades

3min

Managing Fluctuating Income and Financial Success

15min

Navigating Retirement Savings and Celebrating Financial Milestones

3min

10.

Navigating Financial Challenges and Setting Boundaries

13min

11.

Parenting Lessons and Entrepreneurial Advice

5min

12.

Navigating Financial Struggles in the Construction Industry

16min

13.

Building Financial Communication and Vision in Marriage

4min

14.

The Evolution of Marriage and Financial Dynamics

6min

15.

Navigating Finances and Money Management in Marriage

8min

16.

Mastering Budgeting Skills and Financial Decision-Making

10min

17.

Navigating Financial Struggles After Graduation

5min

💵 Sign-up for EveryDollar today - The simplest way to budget for your life!

Dave Ramsey & Rachel Cruze answer your questions and discuss:

"Should I improve the property that I'm renting from my family?"
"Should I wait for my ex to pay off debt in my name that he was court ordered to pay?"
How to know if you should keep repairing a vehicle or if it's time to upgrade
"How do I use EveryDollar with irregular income?"
A caller that finds out on air that he's finally a millionaire
"My boss hasn't paid me the last three pay checks but I'm concerned the company will go under if I leave"
"I have $360k in debt, just found out I'm having a baby, and I don't know what to do"
Rabbi Daniel Lapin joins to discuss his new book, The Holistic You
"I'm restarting my life after a divorce - can I afford to put 10% down on a house?"

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Listen to more from Ramsey Network

🎙️ The Ramsey Show

🧠 The Dr. John Delony Show

🍸 Smart Money Happy Hour

💡 The Rachel Cruze Show

💸 The Ramsey Show Highlights