{"id":28059,"date":"2025-04-17T17:17:15","date_gmt":"2025-04-17T17:17:15","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/28059\/"},"modified":"2025-04-17T17:17:15","modified_gmt":"2025-04-17T17:17:15","slug":"11-genius-things-rachel-cruze-says-to-do-to-become-wealthy","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/28059\/","title":{"rendered":"11 Genius Things Rachel Cruze Says To Do To Become Wealthy"},"content":{"rendered":"\n

Rachel Cruze, personal finance expert \u2014 and daughter of finance guru Dave Ramsey \u2014 has made a name for herself by giving people solid, actionable advice on how to make an achievable budget<\/a>, control their spending and build wealth<\/a>. She\u2019s the author of\u00a0 \u201cKnow Yourself, Know Your Money,\u201d host of \u201cThe Rachel Cruze Show\u201d and a prominent influencer on social media channels.<\/p>\n

Explore Next: I\u2019m a Financial Advisor: My Wealthiest Clients All Do These 3 Things<\/a><\/strong><\/p>\n

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Here are 11 of her top tips that GOBankingRates pulled from her YouTube channel<\/a> on how to manage your money to live better, save more and achieve financial freedom<\/a>.<\/p>\n

Growing up in a household that had experienced bankruptcy fostered a deep fear of debt in Cruze, especially high-interest credit card debt. She insisted a debt-free existence is possible for almost anyone and is your best bet to becoming wealthy<\/a>. Her advice: pay off small amounts first to gain momentum.<\/p>\n

For You: I\u2019m a Financial Advisor: 10 Most Awesome Things You Can Do for Your Finances<\/a><\/strong><\/p>\n

Cruze advocated making a budget that is well within \u2014 i.e., below \u2014 your means and sticking to it with military discipline. Living below your means gives you the ability to create an emergency fund as well as invest for the future or retirement. The result is financial freedom and flexibility.<\/p>\n

Cruze revealed that dining out sometimes busted her budget<\/a>. And she\u2019s likely not alone. According to a U.S. Foods<\/a> study, as of 2024 Americans spent an average of $191 a month dining out. That\u2019s nearly $2,300 a year \u2014 not exactly healthy for the bottom line.<\/p>\n

If you have a mortgage, chances are it\u2019s your largest monthly expense. Cruze advocated paying it off early, which will be extremely financially liberating and dramatically increase your net worth. She said that most people find they can do it within 10 years if they are dedicated. Use a mortgage payoff calculator to help strategize.<\/p>\n

There\u2019s a saying that \u201ccomparison is the thief of joy.\u201d Cruze believes comparing your lifestyle to others can also be the thief of wealth. Always remember that you \u2014 and your financial reality and goals \u2014 are unique to you. Make decisions with that in mind<\/a>, budgeting for your dreams, not someone else\u2019s.<\/p>\n

The \u201cfour walls\u201d of your finances<\/a> include your housing, food, utility and transportation expenses. These are essential, so Cruze said, especially in inflationary times, you should make sure you cover these, then look for ways to save on them. It\u2019s vital to wealth building since you can\u2019t save or invest until these are met.<\/p>\n

Story Continues <\/p>\n

Impulse buys, \u201cjust this once\u201d splurges and feel-good binges can add up fast and steal your wealth even faster. Cruze said to adopt a long-term mindset instead. Understand that becoming wealthy is usually the result of consistent and enduring smaller investments that grow over time.<\/p>\n

Penny wise and pound foolish, as they say, is not a good formula for your budget. So there are certain things<\/a> Cruze suggested you don\u2019t skimp on, since cheaping out will cost you more in the long run (remember, think long-term). The list includes items big and small: car repair, child care, athletic shoes, garbage bags, paper towels, travel gear, sunscreen and more.<\/p>\n

Cruze said educating yourself<\/a> in the ways of personal finance is a crucial step in attaining wealth and prosperity. It\u2019s no surprise that she suggested her father\u2019s Financial Peace University<\/a> course, which starts at $99.99, but there are many others available as well.<\/p>\n

Cruze said at a minimum you should be putting 15% of your take-home pay toward your retirement. And if that\u2019s an unattainable amount to hit now, make it a goal and start working toward it. Keep in mind, however, she suggested becoming debt-free and building a six-month emergency fund first.<\/p>\n

If your employer offers any matching contributions to your 401(k) or 403(b) retirement funds, take full advantage by contributing at least the amount they will match. This is free money. If you still have money to invest, contribute to an IRA or other retirement savings vehicle.<\/p>\n

More From GOBankingRates<\/strong><\/p>\n

This article originally appeared on GOBankingRates.com<\/a>: 11 Genius Things Rachel Cruze Says To Do To Become Wealthy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Rachel Cruze, personal finance expert \u2014 and daughter of finance guru Dave Ramsey \u2014 has made a name…\n","protected":false},"author":2,"featured_media":28060,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[51,16918,474,2499,16917,16,15],"class_list":{"0":"post-28059","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-dave-ramsey","10":"tag-finance","11":"tag-personal-finance","12":"tag-rachel-cruze","13":"tag-uk","14":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114354444428866204","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/28059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=28059"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/28059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/28060"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=28059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=28059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=28059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}