I love Jesus, pizza and the Enneagram, and I’m the host of The Rachel Cruze Show-which you’ll find here on RU-vid, on Facebook, and wherever you listen to podcasts. I teach people how to get out of debt and win with money.
As Dave Ramsey's daughter, I was taught from an early age how to give generously, spend wisely, and save for the future. I understand the dangers of debt and have seen firsthand the damage it can do.
Learning how to tell my money where to go using a budget was a game changer for me. I found that the more I did it, a budget didn’t limit my freedom-it gave me freedom. And I’m passionate about sharing that so you can experience that freedom too!
Since then, as a Ramsey Personality, I’ve written four bestselling books and met people from all walks of life who just want to get their money under control.
My message is simple: I want you to take control of your money and create a life you love!
My husband and I spend $750 a month on groceries, we live in Los Angeles. We shop at Aldis, Stater Bros, Target and Costco. No alcohol, candy or junk foods. We tend to stick to proteins, fruits and vegetables.
As a parent, your job is not to keep your child comfortable at all times. Your goal is to teach your child to be a self reliant adult. That includes coping with frustration without "melting down."
Bought my 2017 outback in 2020 for 20k and now they are selling for 16k. 2021 and 2022 they were selling for 25k. I am so glad i bought it when i did because i only took a 4k loss in 4 years vs if i waited a year i would have lost 9k in 3 years. Yeah im not buying another car untill i have 100% of the cost in my savings account. Then im going to "finance" it so i can negotiate a lower out the door price. I could care less about the interest rate because i will pay it off the first month. But being to negotiate say 2k off that MSRP is WAY better than trying to either finance or paying cash. Dealers will not budge with cash.
I’ve been in the “proud $0 interest” team until one day I financed a TV (which I had cash for, but thought why not). It was a 0% loan and I just split the payment into 12 chunks and paid it every statement day. And then the weirdest thing happened. No, I wasn’t unable to pay one month, I paid a day early. And my payment went towards a previous month’s statement. Next month I saw a fine for not paying a minimum. And when you see a “dumb fee” in your statement, you’re probably dumb. Paid the whole amount the same day and never financed anything since. This mortgage is the only debt I’ll ever have.
Wrong… I financed my truck and negotiated down to 0%, put the $50,000 into a HYSA and by the end of the auto loan term I would have made about $17,000. Not factoring in taxes and YoY rate changes etc, that’s a 34% DISCOUNT on my purchase. Need to know how to be financially responsible and smart. The liquidity is still there if needed to pay the loan or something else off but it’s earning me interest. Edit: my truck already had options I didn’t need or want like nitrogen filled tires. Issue is all dealers were forcing options upon people due to the market BUT you can use that as a bargaining chip for a lower rate.
My car is a 16 year old Seat Ibiza with 227,000 miles on the clock and despite being a bit bruised and battered it has a full service history and runs like a dream. I love it ❤
Just do auto payments for the promotional month offer example: 2400$/24 months, 100$/month for 2 years. Boom! Gotta leverage that 0% in your favor. Shout out to Best Buy. Stay suckafree!
If you pay cash for your vehicles, furniture, and everything else. Then take what your payments would have been and put it in something that will make you some interest. By the time your current paid-off car is done, you will have enough money to buy a new or newer car. Many car loans are like 3 to 5 years and in that time you can save into an interest-bearing account where the bank is paying you to buy your next car. Personally, I drive my cars for a lot longer than 3-5 years, but you never know. My last new car my college-age daughter totaled (she was fine). If you are always investing in a car account even when you have enough for a new car, then if something happens to this new car you need to be able to purchase another one even if just waiting for insurance to pay out.
You missed the most devious part. It's almost never actually zero percent interest, but deferred interest. Miss a payment or pay one day late on your plan and you pay all of the interest from the entire period. Also, even with auto pay you can get into trouble if you don't round the amount up.
Solition Rachel: take the 0% financing and pay it off before interest or any fees start. As opposed to dealing with the added stress and game of constant 'upgrading'.
Regardless of how you pay for a car from a dealership, never tell them up front how you will pay or if you have a trade-in. Trade-in, financing, and purchase price are three separate transactions. So even if you're going to take the 0% deal, don't tell them. Get the price you want on the car, then talk financing. That way they can't use that against you. If you can't get the price you want, walk away. Never tell car dealerships any more information than is required at the moment. Anything you say can and will be used against you.
Or don’t finance. Negotiate the price as if you’ll take out a loan, then pay it on the spot. But be that “m-hm” while you do. Don’t sign anything, don’t shake a hand on anything, just nod at anything until they give you the price you want.
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ms Ann Marie strunk 😊🎉
I agree with everything you have said. I do accept any 0% interest rate sale that I can if and only if I have the cash to pay the purchase off. I will,pay the monthly amount and then 2 or 3 months before the end of the 0% off timeline, I will pay the purchase off. I have done this in several stores over the 50 years I have been married and I even have one store that doesn't like to see me for they can not make the big money on me by me not paying off the total price before the deadline. I have a seperate bank account for this money and this kind of a purchase.
So we are ordering a new Ford escape that we do have the money to pay for in cash. But we are wondering if we could get a zero or very low apr loan to keep our cash in the bank and use the interest we earn to pay the loan.
Municipal tap water containes hydrofluoricsalicidic acid, sodium hydroxide, and loads of chloroamines , frugal people would rather pay for bottled water than hospital bills
Rachel - please consider getting rid of the music. It's not even in the background. It's competing with you talking. You don't need the music. We come here to hear what you have to say, not to fight to try to make out your voice with the music.
Take it easy on the music, Rachel. Flash back to my parents going overboard with the background dinner music when I was little and couldn't hear clearly.
I guess you really are rich if you can pay the giving first. Bills come first in my house, if we can’t eat, hey at least we have gas so we won’t freeze this winter. Thankfully we make enough to pay bills and get our groceries but that’s it.
Yeah, I live in an old mining town in a county that is quickly running out of water due to massive overuse and not enough oversight or regulations. No one here drinks the tap water
My mom had a $12,000 debt with a 26% APR. I had her do a balance transfer w a 3% fee so she can pay it off quicker. After she did that her payments were going towards the balances that are paying most of it on interest. She paid off her account within a year.
So well, I bought new cars that were reliable and make them last and I usually got rid of them after I reached 220,000 mi which is around 10 years use in my case. So the point is whatever you buy make them last as long as you can
!!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Bruce Murdock, for his expertise and exposure to different areas of the market.
My colleagues had a good laugh at me when I told them I started my journey with $50k capital and how I accumulated over 6 figures within a span of 7 months. They never believed me until I pulled out my P&L. I know that learning the ins and outs of the market isn't for everyone, that's why personally, Bruce Murdock oversees my investments.
Without a doubt! Bruce Murdock is a trader who goes above and beyond. he has an exceptional skill for analyzing market movements and spotting profitable opportunities. His strategies are meticulously crafted based on thorough research and years of practical experience.
Don't take on 0% debt if you need the loan. If you have the cash take on the debt and collect the interest in high yield savings etc. Don't forget and don't do any other dumber than dirt things mentioned by Rachel. I make about $100/month in interest from banks/credit cards on no interest debt. Why would I pay full price when I can get this no brainer discount? Over fifty years of NO payment missed, it really isn't that hard.
Dumber than dirt? Your advice is incomplete. You assume everyone will pay back the loan before the 0% interest period expires. Some people do not and get hit with huge interest tacked on. Doesn’t hurt to be polite. She gives a lot of good advice as does her Dad.
I got the 30 year to keep the minimum payments low as a safety measure. I made the minimum payment plus at least one month's principle, and wound up paying it off in less than 15 years. I believe the 15 year had a higher APR, so that would have been more expensive.
I do not forget about any payments because I pay very close attention to my finances, and I do have cash to pay for anything I want or need. That said, if I needed to buy a big-ticket item and 0% financing is offered, I'd consider it and leave my money where it is, growing every month. If something is 0% for a limited time, I pay before the time is up (again, exercising that paying attention "muscle").
The Ramsey crew isn't for people like you. It's for morons who don't read what they sign or make 2k per month and have a 1k car payment and can't figure out why they're struggling. If you're beyond that, you're not their target audience.
You ain’t saving money if you go to Kroger. This is how I keep my groceries under 100 bucks a week. I buy most of my produce and meat from aldis but a lot of their produce comes in big bulks and that’s just not necessary for me to get for my family of 3. So anything that doesn’t save me money at Aldis I get at Walmart instead. I make 2 grocery trips in a weekend for the following week and it’s worthet
