The Rachel Cruze Show Money Habits You Need to Change Right Now (with Dave Ramsey)
Jan 6, 2025
Dave Ramsey, a renowned financial expert and author, joins the conversation to share essential money habits to adopt now. He emphasizes the importance of budgeting as the cornerstone of financial well-being and advocates for saving 15% of income. Ramsey also warns against comparing personal finances due to social media influences. He discusses the necessity of establishing an emergency fund and instilling frugality and generosity in children. The talk wraps up with a call to embrace selflessness and engage in proactive health choices, promoting overall well-being.
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Track Your Spending
- Track your spending to understand where your money goes.
- Use a budget to become intentional with your finances.
Prioritize Investing
- Contribute 15% of your income to retirement, excluding employer match.
- Prioritize getting out of debt and building an emergency fund before investing.
Stop Comparing
- Stop comparing your financial journey to others.
- Focus on your own goals and avoid the trap of social media comparisons.