391: Rachel Cruze on Mastering Your Money

<p>Watch the full video interview on YouTube here: <a href= "http://bit.ly/rachelcruze391">http://bit.ly/rachelcruze391</a></p> <p>Rachel Cruze (IG: <a href= "https://www.instagram.com/rachelcruze/" target="_blank" rel= "noopener">@rachelcruze</a>) is a two-time #1 national bestselling author, financial expert and host of <a href= "https://www.rachelcruze.com/show" target="_blank" rel= "noopener">The Rachel Cruze Show</a>.</p> <p>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.</p> <p>Today we’re discussing Rachel’s new book, <a href= "https://geni.us/Pt5q03" target="_blank" rel="noopener">Know Yourself, Know Your Money: Discover WHY You Handle Money the Way You Do and WHAT to Do About It</a>.</p> <p><strong>In this episode, we discuss:</strong></p> <ul> <li>Rachel’s first money memory</li> <li>The 3 envelopes: give, spend, save</li> <li>Dave Ramsey's rebound from bankruptcy</li> <li>How you view money is shaped by how you grew up</li> <li>The 4 money classrooms</li> <li>The “share don’t scare” method for teaching children about money</li> <li>The joy that comes through giving</li> <li>Having a goal together as a family creates unity</li> <li>Rachel’s formula for mortgages</li> <li>Gratitude is the first step toward contentment</li> <li>Staying away from credit cards</li> <li>Starting a $1000 emergency fund</li> <li>Using the debt snowball to pay off your debt</li> <li>Creating a monthly budget tracker</li> <li>Saving 3-6 months of expenses</li> <li>Not saving for retirement until after your debt is paid off</li> <li>Rachel’s work-life balance as a busy mom of 3</li> <li>Finding your money "why"</li> <li>Write down your goals for motivation</li> <li>Counselling is self-care</li> <li>Sitting in silence in the present moment</li> <li>Don't let social media drive your purchases</li> <li>Stop spending your life looking at a screen</li> <li>You can make a change today</li> </ul> <p><strong>Show sponsors:</strong></p