391: Rachel Cruze on Mastering Your Money

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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)

Rachel Cruze's website

Follow Rachel Cruze on Facebook, Instagram, and Twitter

The Rachel Cruze Show

Rachel Cruze - Love Your Life Not Theirs (book)

Dave Ramsey & Rachel Cruze - Smart Money Smart Kids (book)

Dave Ramsey (books)

The Social Dilemma (documentary)

Related episodes:

349: Ramit Sethi – Living Your Rich Life

328: Kyle Cease – The Illusion Of Money, Sitting In Silence, Social Media Boundaries

307: Elizabeth Willard Thames aka Mrs. Frugalwoods – Financial Independence Through Simple Living

298: Kate Northrup – Do Less, Surrender Your Control, Yoga Nidra

149: Jen Sincero – Make Money By Mastering The Mindset Of Wealth

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411 episodes