Lies People Believe About Getting Out of Debt

Рет қаралды 94,185

5 жыл бұрын

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I’m going to let you in on a secret: You can actually enjoy your life while you’re getting out of debt! This episode is all about super practical ways to love your life while getting out of debt. We'll debunk lies like:
• “You can’t find a nice, affordable used car.”
• “You can’t eat healthy on a budget.”
• “It’s too hard to have fun when you’re getting out of debt.”
Watch my video on The Simple Rules for Successful Negotiating: www.rachelcruze.com/show/lies...
Learn more about Financial Peace University: www.rachelcruze.com/product/f...
Read the show notes and transcript: www.rachelcruze.com/show/lies...
The smart and affordable way to protect your family is with SimpliSafe’s home security system. simplisafe.com/rachel
And for life insurance, Winston and I trust Zander. Having the right life insurance policy is vital to making sure your family is prepared for the future throughout your entire debt-free journey. www.zanderins.com/term/instan...
Sponsors pay the producer of this show, The Lampo Group, LLC, advertising fees for mentioning their services or products during programing. Advertising fees are not based upon or otherwise tied to any product sale or business transacted between any consumer or sponsor. The following sponsors have paid for the programing you are viewing: Zander Insurance, SimpliSafe.
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Пікірлер: 144

@boston6904 5 жыл бұрын

Aww she so cute I love her ❤️ I JUST turned 23. I got into a 90,000$ debt as an 18 year old to go to a prestigious music school. I’ve already payed off 20,000$ I have two jobs and I’m excited to be out of debt still in my 20’s. I project 3 more years to pay this debt off. I’m so excited. ❤️😢

@jaust9077 5 жыл бұрын

great job. Keep it up. I have 34 grand in debt left and project having it paid off by End of year.

@mandyjo5416 4 жыл бұрын

Great job!

@brittanywallace1561 5 жыл бұрын

Dear Rachel I just wanted to say thank you! By using your cash envelopes I’m officially debt free today at the age of 25. I have paid off over $100,000 . In 3years by myself. Next is to start saving for a house!

@patrickbennett4554 5 жыл бұрын

Brittany Wallace congratulations!

@Sharon-kr1ui Жыл бұрын

that is amazing Brittany. Well done.

@robertthompson4224 5 жыл бұрын

Great episode. This WILL be my wife & myself before our 40th birthdays. DEBT FREE!!!!!!!!!💯

@allanrobinson9786 5 жыл бұрын

Nothing like financial peace! I'm currently on Baby Step 2 working on my student loans.

@adamsaldana5462 5 жыл бұрын

Dave Ramsey is like the brutally honest uncle, while Rachel is like the cool experienced cousin.

@parkerread154 4 жыл бұрын

Tejas Anyone who has a bank account and wants to make some extra cash text:+ 1 (518)547-4763

@ViperST989 3 жыл бұрын

@@parkerread154 🚨🚨🚨SPAM🚨🚨🚨

@AIRJAC33 5 жыл бұрын

Rachel and I rocking the 10 yr car. I got a 2010 Chevy Camaro SS that I bought cash. Wash it and wax it monthly. Love when people ask me how much I’m paying on it. 0 babyyyyyy.

@keelylewis5384 5 жыл бұрын

I have an 2001 SUV that I paid $800 for 2 years ago. I love not having a car payment. It runs perfectly fine and gets me where I need to go. I am saving for a newer car that I plan to pay cash for!

@damnsurfer522 5 жыл бұрын

I enjoyed buying my last vehicle on a 5 year 0% financing loan so I could continue to make money with my money while my vehicle was being paid off.

@hacksawjimthuggin7411 5 жыл бұрын

I would hope you arent making payments on a 8 year old car...

@HeatherHH 5 жыл бұрын

I'm a single mom and I'm doing it.

@mwendabai 3 жыл бұрын

Single mom too....baby step 1 done On to step 2,😃

@schmerecouch4524 5 жыл бұрын

Awesome awesome sooo awesome! My husband and I have been working on baby step 2 now for the past year! Whew, it’s a real journey. I love your show. It’s so encouraging. Helps keep the gas in my tank to keep forging ahead with our debt freedom journey. God bless you !💕

@4nikkimay 5 жыл бұрын

Yay for the podcast. 👍🏻love this episode as well. Thanks for all your encouraging words. God bless. 💕

@familieaufsparkurs9032 5 жыл бұрын

Hey Rachel, everything you all are saying is so true! You have to have fun while getting out of debt. Sending the debt free spirit from Germany. See you in your next video.😁 Vanessa

@annamermaid3674 5 жыл бұрын

My toyota corolla is 26 years old. And nothing wrong with it.. . . .

@angiep7836 5 жыл бұрын

Sounds like my old car that bit the dust this past August. 1990 Oldsmobile! Now I drive a 2009 used car.

@jenniesgenuinegems 5 жыл бұрын

My Corolla is from 1998. Just put $600 bucks into it to keep it going! It's the best! 288,000 miles and counting!

@annamermaid3674 5 жыл бұрын

@@jenniesgenuinegems That's great!!! Mine is from 1993. . . .

@heavymechanic2 5 жыл бұрын

I drive a 91 Tercel, it requires very little repair and I bought it used 15 years ago and now has 373K. The guys at the inspection station can't believe it still runs like a champ because I fix stuff as needed and not let it fall apart. (clutch, brakes, struts, radiator, all been replaced) This car is not hard to repair, I do everything myself including the wheel alignment.

@annamermaid3674 5 жыл бұрын

@@heavymechanic2 Don't you just love Toyotas . . . they seem to go on forever . . . .however, my got hit in the parking lot this morning (the person didn't stick around or leave a note) and will need to be fixed. My deductible is $300 (Cnd.) so I guess that's what my emergency fund is for. . . .

@krystaldawntiki1893 5 жыл бұрын

Yesterday I started listening to your podcast and you are hilarious. I made a KZfaq playlist of your vids and I’m going to listen to them today at work. Thanks for being rad.

@sarahcb5452 5 жыл бұрын

Toyota and Subaru- those are the cars you can rely on. love my paid off "Dave" car

@MR3DDev 5 жыл бұрын

Funny how a prosperous country have a majority of population in debt. Me and my family, we come from a country with one of the worst economies in the world, here in the US we are debt free.

@twinmama16 5 жыл бұрын

It has to do with people being discontent and thinking they need things they don't,hm hence the phrase 'first world problems'

@dexterm1285 5 жыл бұрын

@@twinmama16 Bingo....that is the root of the problem. Things will get me happiness which is bs...yeah maybe for a short time but it's not lasting. Try to find happiness not in things but experiences.

@sophiefoss6153 5 жыл бұрын

Love that you have baby step 2 people on here who are so enthusiastic!

@bilrmjl2 5 жыл бұрын

What I like is that it isn't forever doing without. When you are out of debt you can plan things back in. Thank you

@s0uthernchic 5 жыл бұрын

Another great episode! Featured couple was super inspiring & fun. I always love your meal planning segments. 😁

@amberlynn1740 5 жыл бұрын

So encouraging! Thank you..not so nervous to begin plan now

@claritzaechevarria7693 5 жыл бұрын

God Bless this beautiful family in their journey to be debt free! Blessings!!!

@annaruth9471 5 жыл бұрын

Great show!! So inspiring ... thank you, Rachel!! :D

@KetoCookingwithKids 5 жыл бұрын

Jenna was so helpful with tips to make the food budget stretch. Love it!

@annamann5949 5 жыл бұрын

Thank you Rachel for being such an inspiration!!

@BadBrad119 5 жыл бұрын

when I was a kid my first line of defense in a car was my moms arm... the second? the seat belt

@AJ_SouthernGal 4 жыл бұрын

I bought my 1st Camry in 2010 for $5k, a 1998 with 98k miles. Winter 2018 it had several major costly breaks at 310k miles. I do lots of driving and knew my trips would be increasing, so found through a friend a 2005 Camry that was sitting in a barn with 43k miles - never wrecked or had issues. Sold my '98 to a mechanic & bought the 2005 for $4,200. Cleaned & lubed it, now has 58k miles on it. The old Camry was repaired & now runs for someone who doesn't drive as much & my new Camry runs great. LOVE Toyota!

@INVESTOFYSTOCKALERTS 5 жыл бұрын

Thank you Rachel for this advice!

@gemmamarie7289 5 жыл бұрын

I love this couple! & so good to see that theres another Aussie following the plan :) goodluck guys!

@justinaacorn5721 5 жыл бұрын

Thank you for this, a lovely couple.

@TimoteoDeBaum 5 жыл бұрын

Inspiring I can't wait to be debt free

@RonRivet 5 жыл бұрын

So so good and encouraging!

@sherinelson3686 5 жыл бұрын

happily driving a 10 year camry, no payments for years. this will be my vehicle till the wheels fall off. can't wait till we pay off hubby's. love that for food tips, she used an registered dietitian, I too am an RD! happy to see us represented on this level. I've found that the meals I make at home are even yummier than some of the middle to high end restaurants that we've eaten at in South Florida.

@TogetherForeverOct09 5 жыл бұрын

My hubby and I bought our family van (2008 Toyota Sienna) low on miles, super safe and we paid under $7000 all cash and that included the guy registering it for us. Totally worth it!!!! 😁 we paid off his student loans last year and became debt free at 25 & 24 with two kids. It’s definitely possible. We kinda hit a wall cause we are trying to live on less then we make, but my husband is the only one that works and the state we live in is made expensive and has taxes for literally EVERYTHING including the air around our house. (Lol jk about the air) but that’s where we are at. It’s definitely possible to get out of debt, but for us lately it’s trying to just hold on to our own money 💰

@sixpence9880 5 жыл бұрын

Looking forward to the show!

@lenabigonia333 5 жыл бұрын

Great episode!

@swtladyy16 5 жыл бұрын

We have a 2003 Toyota Sequoia that we bought for $7k 6 years ago. Over 300k miles on it and still runs great!

@shanescrimshire8395 3 жыл бұрын

Beautiful couple, gorgeous babies! Hoping the best for their future.

@CelesteSeeker 5 жыл бұрын

I bough a 10 yr old SUV because for my family we need 5 seats and 4 wheel drive. I don't have it paid off yet, but I have a good interest rate and monthly payments, so it will happen soon! Glad to know that Rachel is in the 10 yr old vehicle club :-P

@salemthorup9536 5 жыл бұрын

The newest (& most expensive) car me and my husband have bought in 15 years has turned out to be the most dangerous. And it's because it was so "high tech". There was a glitch and this car locked my toddler in the car (right after I buckled her into her seat and went around to get in the driver's side) in the middle of a hot day in the summer. Had to call 911 and have them pry my car door enough to unlock it manually. The key was connected to my purse on the passenger's seat and the car wasn't supposed to lock when the keys are inside the car, so I couldn't use the manual key. Thankfully, my child was completely unharmed, but it was so scary. If I'd been somewhere that I couldn't just stop someone within seconds of this happening, things could have turned out very badly cause my phone was in my purse too. Lesson learned. We're totally ok with an older car now. I'd rather have to deal with more maintenance and repairs than ever deal with a crazy glitch like that again.

@fanaticz666 4 жыл бұрын

Was the window hard to smash?

@SaveMoneyTricks 5 жыл бұрын

It's definitely possible to get out of debt. These are so true! And there are many other ways that we can be smarter with our finances. I also have videos on these, so maybe check those out.

@aiyamariabanat 4 жыл бұрын

Their family life is so much better quality for letting go of their materialistic lifestyle. Well done folks.

@nobywoby 2 жыл бұрын

Every time I hear the story of people doing they're debt free scream, I just tear up and cry. I want that so bad!

@MikeB-my9lf 4 жыл бұрын

Good video

@shawnsgirl4ever1 3 жыл бұрын

We got 2011 Taurus with cash nicest used one we’ve had! All our cars are used and no car payments!

@maryjoan4128 5 жыл бұрын

Great info for All ages Great job....you do alot of product marketing though..one note on term insurance..every one needs some permanent or convertable life insurance for end of life costs or bequests. health issues may cause a person to be uninsured and by then it's too late.

@donnalutheran6335 5 жыл бұрын

Wow Rachel, you are cool. I didn't know you could get a reliable used car. We paid about $22,000 for our Toyota Corolla 7 years ago. It's paid off but the next car will be used and paid for with cash. Dreaming and saving for a Camry here.

@fantasy5516 5 жыл бұрын

My car is 12 years old, it’s my first car. Sadly, I wrecked into someone, bending my hood, loosing my grill and getting a hole in my radiator, but I’m not wasting money to get anything else. My father and I are fixing it up good as new

@MichelleGaddi 5 жыл бұрын

Completely agree Rachel! I owe a Honda Accord 2002 and my husband owns a Toyota Camry 2007. Great cars! All at least 150k miles on them. My brother who is really good with money has a Honda Accord that has just hit 400k and he brags about it! My parents and other brother also have Accords bought used. We are a no car payment family with reliable cars and am not planning to go back!

@MichelleGaddi 5 жыл бұрын

*own

@jenniferneal7829 5 жыл бұрын

I loved the food budget segment!

@CBkid7 5 жыл бұрын

I pay cash for my cars 2015 CTS-V and my wife's car 2016 Cadillac and we still have both old cars a 2007 accord EX and 2005 CTS-V and my 2003 4runner. I only buy old vehicles, new vehicles lose value once you leave the lot.

@lovethemflowers 5 жыл бұрын

I also paid cash for my used ‘03 Toyota I bought three months ago. First time I paid cash. Feels GOOD to have paid cash! My plan for any future cars.

@EmilyDeArdowriting 4 жыл бұрын

Only ever had "pre-owned" cars, and they're great! Just gotta shop smart.

@kellyknight551 5 жыл бұрын

Where can i find rachel cruze podcast for android its not on my stitcher app which i use for podcast?

@classicrocklover5615 5 жыл бұрын

I've only ever bought 1 new car, and it was a mistake. Besides being expensive, dropping in value, and increasing my auto insurance, the darn thing was a lemon. Yes it was under warranty, but it was the time and hassle... A good used car, purchased from a dealership, will have been evaluated and inspected, often cone with a limited warranty, will be super clean, etc. In Michigan the market is flooded because so many people turn in leased vehicles, only 3 years old with 50,000 miles on them.

@jedimaster12100 5 жыл бұрын

Driving for more than 10 years is my plan for my current 2013 Honda Civic. It's weird that couple keeps talking over each other.

@Jadahclaire 5 жыл бұрын

Rachel, I have a topic request for you! So I’ve been doing great with my budget so far, but just recently made a purchase I regret. A luxury purchase that I cannot return 🤦‍♀️ How do you recommend dealing with the guilt and getting back on track?

@almmason7 5 жыл бұрын

Sell it, sell it fast even if you take a loss on it if your in debt. Because eventually you'll feel at peace about it.

@LisaPFrampton 5 жыл бұрын

@Rachel Cruze Are there any money management books for TEENS? Anything you can recommend?

@sonohrina2012 5 жыл бұрын

I had never been in debt until my husband sent because my debt and he can not handle it I take care of it because he just wants to pay the minimum and I want to pay the one with the highest rate first and pay minimum in all other. 3 yeas is my plan but I’m working on making it even less. And with just adding a little more to our safety net we can go all at it

@666dynomax 4 жыл бұрын

Rachel, don't suggest people buy used mercedes or bmw... sure the lexus or acura... but people can't afford old used german cars

@emilyprice8711 5 жыл бұрын

I would love to hear some tips on how to get out of a car payment that is upside down? We started out purchasing a used car with a small payment (wrong) and our transmission blew up. Traded that car and so on. We are on car three in three years (eye roll) and both times we've rolled over age on another car...please help!

@lindenpeters2601 5 жыл бұрын

Pay off the car you have as soon as you can, and save up cash for a new one so you won't be upside down again. Just remember: you can't borrow your way out of debt.

@marty3888 5 жыл бұрын

I have a 2005 Sebring. I see so many of trhem on the road. I paid three thousand dollars forit. I love it. Yeah, 2 or three times a year I have a $500 repair bill. but it's not 500 every month.

@BoriPR82 5 жыл бұрын

I love my 03 civic

@alyssaclevenger4950 5 жыл бұрын

Love her hair, wish I knew her hair care routine. 😁

@gkemp2887 5 жыл бұрын

try getting out of debt on soc sec. not having fun but I'm doing it

@morekindnessnow9231 5 жыл бұрын

With love and respect, please feature a vegan and frugal shopper. Animal agriculture contributes to more emissions than all transport combined. Leaning into a plant based diet is the best thing you can do to combat the climate crisis, have optimal health and save to money. All the best, Maeve in Ireland

@vincentzaleski4509 5 жыл бұрын

Absolutely- the least expensive foods are vegan! Rice and Beans!

@jennyberger6688 5 жыл бұрын

Oh I wish!! It’s 8.99$ a pound grass fed or while foods here for even ground hamburger

@lovealwaysjasmine 5 жыл бұрын

21:08 food portion

@natylekam5137 4 жыл бұрын

Hi Rachel! It would be incredible if the every dollar app can be used in the UK, but in pounds. I tried to download it, and it has a country restriction. Fingers crossed you read this message and have a solution.

@NRush2009 5 жыл бұрын

Is it good to make 2 payments a month on your car to pay it off quicker?

@jeffjohnston7642 4 жыл бұрын

Rachel, new subscriber here with a question. Have you personally struggled to pay off a large amount of debt or has having Dave Ramsey as a father steered you away from making those decisions if life which bring about a huge amount of debt? I live minimally and enjoy the simple life. Thanks

@jkpropertymanagers 4 жыл бұрын

I spent a few hours today with my Mom working on my 6 month budget and a one year projection for next year. I've been vegan for decades. It's better for me to have my own place because none of my family is vegetarian and it's against my religion to eat a meal with them.

@Loganwiliams 5 жыл бұрын

This couple's babies are so beautiful

@donnaallgaier-lamberti3933 3 жыл бұрын

Hw about this one....taking out a loan to go on a vacation because it is a tax write off.....Really I have a friend that believes this!

@AsianVideoGamer 5 жыл бұрын

I hope you can tell difference between debt and mortgage....

@RockinCowgirl24 5 жыл бұрын

Mortgage is a debt....its not included in Baby Step 2 though.

@0wthothman301 3 жыл бұрын

Her voice is sharp

@apope06 5 жыл бұрын

They never ask the debt free people what their salary was while paying off the debt...

@LL-xx4iq 5 жыл бұрын

It’s less about income and more about behavior. Make a budget, write down all your expenditures to see where your money is going. Sometimes income does play a part, but it’s usually more about how the money is handled.

@pennylane36 5 жыл бұрын

Exactly. I saw a lady the other day on Ramsey that said she paid of 46k in debt in just over a year. What she paid off is more than my husband makes in a year as a mechanic at a distribution center and he's 51. We do fine financially and have a decent size savings but not every community out there has opportunity for large income especially rural areas like where we are.

@Ravenousyouth 5 жыл бұрын

@@pennylane36 use your savings to pay your debt

@pennylane36 5 жыл бұрын

Ravenous youth we are debt free. We started working on being debt free since the financial crash in 08 because we did have debt and it worried me a lot. We both worked for the same craft company and worried about being laid off and how unemployment may not be enough to cover everything, so we hit things hard and paid all our cards, cars and even our mortgage and have managed to save a decent amount as well.

@triad6425 5 жыл бұрын

Yeah for safety it is basically Tesla (which is the best) or literally anything else.

@twinmama16 5 жыл бұрын

Yeah... Tesla not the best where I live 🤣

@avfeland 5 жыл бұрын

New cars are such a scam

@joesgsju1040 5 жыл бұрын

👍

@WolfGamer2468 4 жыл бұрын

Unless you have enough to buy in Cash and still not be broke.

@abfab47 5 жыл бұрын

Cannot believe this girl is only two years older than me!

@tinafreethy9571 5 жыл бұрын

Where is the recipe for the cookies?

@twinmama16 5 жыл бұрын

Here is a nut allergy friendly peanut butter cup recipe that I've made and has a very similar texture to reeses: livingwellmom.com/paleo-peanut-butter-cups/

@Skittleboys 5 жыл бұрын

Skittle Boys is in the comments! This is awesomesauce!

@Hallowsaw 5 жыл бұрын

A nice used car is a Toyota, Honda or Subaru. Not a Mercedes or BMW.

@rodrigofernandez9055 5 жыл бұрын

Used Toyotas or Hondas are fine. Stay away from luxury germans, they are unreliable and extremely expensive to maintain.

@Lazykitty261 5 жыл бұрын

Ground beef for $4 a pound is way to much

@bcrwc 5 жыл бұрын

That's the normal price where I'm at. So for grass fed it's a steal

@celticcollegeconsult 5 жыл бұрын

@@bcrwc Grass fed is just not an option on our budget. I get ground turkey for $2/lb.

@twinmama16 5 жыл бұрын

Haha don't move to Alaska, $6-8/lb up here

@almmason7 5 жыл бұрын

You could spend more on the healthier beef if you eat beef, then just eat less of it by making casseroles rather than burgers. Stretch the meat & add veggies to mix with the meat to not go hungry. Things like mushrooms, eggplant, zucchini, and broccoli are great food stretchers...Try not to eat chicken by the piece. If you make a whole chicken or chicken pieces then pull the meat off into a dish. I find that people expect at least 2-3 pieces of chicken if they eat it by the piece. But may eat only 1 piece if I pull the meat off & make a casserole or salad. Like chicken or beef enchiladas casserole. Taco salad. My husband & I once ate on $20 for one week by making sandwiches with 1 piece of deli meat, 1 slice of tomatoe, a cheese slice & lots of ice berg lettuce to fill us up for lunches, breakfast oatmeal w/ bananas, & dinner a home made casserole or soup. That showed us we could eat with out spending alot or using alot of meat.

@Onegoodyarn 5 жыл бұрын

You can never be debt free. I understand that having no car, mortgage, or credit card debt is great. There is still always going to be electric, phone, the many faces of insurance, and medical to name a few.

@keelylewis5384 5 жыл бұрын

Electric, phone, water, food, etc is not debt. Those are monthly expenses.

@666dynomax 4 жыл бұрын

boomers paying student loans are you serious... that cant be true... . I do find it funny how normal debt is now though... i had no idea but i've had friends for YEARS that carried debt up to 10k on cards... i know now people who "have money" when their card is not maxed out... oh my... .i paid interest on a credit card when i missed a payment by mistake!!! i got out of dancing with debt and don't use credit cards now and have no debt but the house and PLAN and SAVE for what i want... its way too uncomfortable to have payments and debt... Ramsey is the man. Follow Ramsey and Scotty Kilmer and your life will be better

@ir10031981 5 жыл бұрын

I know a supervisor at work, he has a Lexus, a Toyota Tundra, and a GMC Yukon, Jesus! why does he need to have 3 vehicles for? I don't get it.

@pennylane36 5 жыл бұрын

If people didn't buy new cars there wouldn't be any used cars I'm 54 and have never purchased a new car but if you're going to buy used, look for low miles

@666dynomax 4 жыл бұрын

this is like watching a soap opera...

@tjohannam 5 жыл бұрын

Buy beans and lentils instead of any meat, cheaper and healthier.

@minime8942 5 жыл бұрын

Too much gas

@happytrails699 5 жыл бұрын

only thing I didn't like was the look of that sweet potato in the front. May taste good but just not appealing to me.

@slumplump 5 жыл бұрын

10 minutes of ads...

@joyceward5477 5 жыл бұрын

I couldn't help but notice that while you are telling people not to stress about having a safe car, you are doing an advertisement to purchase a security system to keep your home safe---Our parents didn't have the safety in the cars when we were young and definitely not with security systems in the house, which now you can then monitor your home 24/7? Protect your home but don't get too fussy about having a safe car. Kind of a mixed message.

@joeblack8478 3 жыл бұрын

they had peace of mind paying their debt not FUN, come on , you lost my confidence in you with that statement . I'm sure they struggle but kept it it up , kudos for them