0:06

We all know that the internet is full

0:08

of hot takes and random advice, and it's

0:10

tough to know who to trust. I

0:12

can confidently say that I've seen majority

0:15

of people win using

0:17

the same tried and true financial advice.

0:22

Hey guys, welcome to this episode of the

0:24

Rachel Cruze Show podcast. I'm so glad that

0:26

you're here. So in this

0:28

episode, we'll chat about the most valuable

0:31

lessons I have learned about budgeting. Then

0:33

I'll talk through how to decipher and tackle

0:35

your financial goals. But first,

0:37

let's talk about if money can

0:39

really buy your happiness. Take a

0:41

listen. Well, hey, you guys.

0:44

A recent survey found that on average, Americans need

0:46

to make $105,000 per year in order to be

0:52

happy. And I'll be honest, I was a

0:54

little bit shocked. I was like, all right. Okay.

0:57

So one of the things that I get to do at

0:59

my job is that I get to talk to people each

1:01

week on The Ramsey Show who are making progress financially. And

1:04

there's not a lot of them that are earning

1:06

six figures. But this study might be onto something

1:09

because the question is, can

1:11

money really buy happiness? So

1:14

today, let's take a look at what it

1:16

costs to live happily in the US and

1:18

beyond. And at the

1:20

end of this episode, I'll be responding to a

1:22

list of things that people claim

1:24

actually buy them happiness. So I'll

1:26

have you stick around and see if

1:29

you agree. All right. First and foremost,

1:31

can you guess which country has the

1:33

highest salary threshold on earth? AKA, which

1:36

country requires the most amount of money

1:38

in order to be happy? Well,

1:41

my mind immediately went to America,

1:44

honestly. But it's

1:46

actually Iran. On

1:48

average, Iranian people claim that they need

1:50

to earn $239,700 in order to live

1:53

happily. That's

1:58

almost a quarter of a million dollars. Now,

2:01

on the other end of the spectrum, the lowest salary

2:03

threshold was just $8,658 in Sierra

2:08

Leone. So, clearly, depending on

2:10

where you're located, the resources, the cultural

2:12

norms that you're in, I mean,

2:14

there's very obvious reasons for this. So,

2:17

if you are a Vol fan, you're going

2:19

to love this next stat because

2:21

according to this survey, Knoxville,

2:23

Tennessee is the U.S.

2:26

city with the lowest salary expectations

2:28

in terms of happiness. Where Winston

2:30

is from? Oh my gosh. The

2:33

people in Knoxville said that they need to make $88,000 to live happily.

2:37

And that's still pretty high by

2:40

some comparisons. But you know what? I

2:42

mean, the Vols, I lived there, you

2:44

guys, all through college. I moved

2:46

after graduation. Four years of Rachel. Actually, that's

2:49

why I'm just so content, you

2:51

know? Just the old Knoxville rubbing

2:53

off on me. I'm just kidding. But listen,

2:55

there is no one's surprise

2:57

that the U.S. city with the

3:00

highest cost of happiness happens to

3:02

be in California. And

3:04

apparently in Santa Barbara, residents need to make almost

3:07

$163,000 a year to feel fulfilled.

3:13

And honestly, that's not as high as I probably would have

3:15

guessed because I feel like Southern

3:17

California is bougie and it's very expensive. But

3:20

now let's put some of those numbers to the test

3:22

and talk about the four walls and

3:24

the expenses that everyone needs to have to be

3:26

able to maintain life. So if you're not familiar

3:28

with the four walls, this is what they are.

3:31

Food, shelter, utilities, and transportation. These are

3:33

things you have to have. So

3:36

here's what that looks like. The average salary in

3:38

Knoxville is $50,000. So almost

3:40

$100,000 lower than the national average. The

3:44

average home price is $320,000. The

3:47

median housing cost per month is

3:49

$975. Groceries,

3:52

transportation, and utility costs combined are about

3:54

20% below the national average.

3:58

And Santa Barbara on the other end of the spectrum. obviously

4:00

much higher. Typical home costs around 1.5

4:03

million, which is 351% more

4:07

expensive than the national average

4:10

and 108% more expensive

4:12

than the average California home,

4:14

which costs around $733,000. Rinting

4:19

a two-bedroom unit in Santa Barbara costs

4:21

you about $3,280 per month. Now

4:26

let's just pretend this person has a roommate. You know, you

4:28

cut that in half and that's basically what

4:30

some of my Nashville friends are paying for rent these

4:32

days. Alright, enough with all

4:34

the numbers. Let's get to the real

4:36

question. Can money buy happiness? You

4:39

know, like we already discussed the four walls.

4:41

There are certain things that humans need to

4:43

have in order to feel comfortable, to feel

4:46

safe, to feel provided for, and being able

4:48

to afford these necessary things definitely plays a

4:50

part in regulating your emotions and things like

4:52

happiness. But the other side of

4:54

the spectrum is again where you always just want

4:56

more and need more, buy more, and you just

4:58

keep at it. And no matter how much money

5:01

you have, emotions are always

5:03

temporary and happiness, it doesn't stay

5:05

possible all the time. So according

5:07

to science, there comes a point

5:09

where making more money literally cannot

5:11

make you any happier. So

5:13

with that in mind, let's talk about what needs

5:16

to be true for you financially in order to

5:18

thrive in any part of the world making

5:20

any level of income. So

5:23

when it comes to taking control of

5:25

your money, of course, I love the

5:27

baby steps where you're able to save

5:29

up an emergency fund, pay off debt, have

5:32

a fully funded emergency fund, start funding

5:34

retirement, kids college, paying your house up

5:36

early, building wealth and being generous, like

5:38

all of that gets you in control.

5:40

You know, even a budget month-to-month where

5:42

you're tracking your spending, you're being very

5:44

intentional with where your income's going, that

5:46

is so key, okay? So that is part, I

5:48

think, of that foundation of getting you to a

5:50

place where you feel in control. All

5:53

right, now let's have a little bit of fun.

5:55

We've held some people on social and asked them

5:57

to share small expenses that genuinely bring them joy.

6:00

and are always worth the money. So

6:02

I'll respond to a few of these. And if you

6:04

have one of mine that I don't cover, drop the

6:06

answer in the comments because we want to hear. All

6:09

right, here's what people said. Name brand

6:11

toothpaste. Sonic Diet

6:13

Coke's Laneige Lip Balm, which I

6:16

have that, it's like a lip mask, it

6:18

is fantastic. Getting my hair

6:20

blown out once a week. And I would choose

6:22

this over manicures and pedicures. If it's in the

6:24

budget, it makes my life easier. Spotify

6:27

Premium, this is the number one

6:29

answer submitted, which I think is

6:31

so fascinating. High quality ink

6:34

pens. Okay, I get that, they're some

6:36

of the good pens. Friday

6:38

afternoon gas station visits with the kids. They each

6:40

have $5 to spend, and

6:42

it brings them so much joy, that's fun. Bougie

6:45

coffee creamer, parchment paper

6:47

pre-cut sheets. Okay, volcano

6:50

candles and shelled

6:52

pistachios. Buy back your time.

6:55

So good. Okay, like I always

6:58

say, money is a tool. Money just

7:00

makes you more of what you already

7:02

are. Money is there

7:04

to create a life that you

7:06

love. So can money buy

7:08

you things in your life that makes it

7:10

easier or temporary joy, but

7:13

that doesn't necessarily fulfill you long-term

7:15

when it comes to your emotions

7:17

or your relationships or your spirituality? I

7:19

would agree with all of that. Plus, if

7:22

you're consistently using money as a band-aid,

7:24

then you miss all of the character

7:26

transformation that happens when you build wealth

7:28

the right way. So if the

7:31

phrase living paycheck to paycheck hits home for you

7:33

right now, I really would encourage you to check

7:35

out every dollar. This is where you can set

7:37

up a monthly budget and really get in control

7:39

of your money. And it's really the best

7:41

first step to take to have financial

7:44

peace, which is always better

7:46

than just temporary happiness, right? You

7:48

can buy something real quick and

7:50

like, that'd be great. But this

7:52

long-term sustaining motion with your money,

7:55

you have to be in control, you guys. And that's where you

7:57

have to put some good habits in place, like

7:59

following the... baby steps, doing a monthly budget, all

8:01

of this will give you that foundation that

8:03

those little fun perks here or there are

8:06

great, but won't sustain you long-term. So

8:08

I want this to be a marathon for you

8:10

with your money and not a difference. Hey

8:16

guys, it's Rachel Cruz here to

8:18

tell you about a faith-based alternative

8:20

to health insurance that can make

8:22

healthcare more affordable. Christian Healthcare Ministries.

8:25

CHM allows members to share each other's

8:27

healthcare costs and it's as easy as

8:29

one, two, three. Step

8:32

one, choose the healthcare provider you want.

8:35

Step two, submit your eligible bills. And

8:38

step three, get reimbursed. CHM

8:40

members take care of your eligible

8:42

medical bills. With no networks

8:45

and the freedom to choose your healthcare

8:47

provider, CHM is the best

8:49

option for Christians who want to take

8:51

care of their families and help other

8:53

believers. Find out

8:55

more at chministries.org/budget. What

8:59

is one thing that you would say

9:01

you're an expert in? So for some

9:03

of my friends, you know, it's cooking

9:05

or Winston, it's real estate, or he

9:07

looks like the yard and gardening and

9:10

all that. For me, I'm gonna

9:12

say it's budgeting. For 15 years now,

9:14

I have used a monthly budget

9:16

and taught people how to track their spending

9:18

so they can reach their financial goals. So

9:20

today I'm sharing with you the five most

9:22

valuable lessons that I have learned from budgeting.

9:25

And stick around for number five, because it's

9:27

probably the most unexpected piece of advice, but

9:30

it's by far the most effective. So

9:32

the first lesson that I've learned might be the

9:35

most obvious if you've heard me talk on the

9:37

show, but that is tracking your spending. So

9:39

listen, I was not the most high-tech person.

9:41

And in fact, when I started budgeting, there

9:44

wasn't a lot of options except for Excel

9:46

and a sheet of paper. And that's what

9:49

Winston and I used. We literally used a sheet of paper.

9:51

But now tracking your spending, it's so much more

9:54

glamorous. So listen, it is important to remember that

9:56

a budget isn't something you just create at the

9:58

beginning of the month and you never... look at it

10:00

again. You have to take it a

10:02

step further and actually track each and every expense

10:05

and where it's going. So the goal is

10:07

for you to know your spending tendencies on

10:10

a deeper level. And this is going to

10:12

allow you to justify and feel

10:14

confident about purchases that you actually

10:16

need and also eliminate unnecessary purchases

10:19

so that your money can be

10:21

put to better use. So

10:23

if this feels like a tedious, detail-oriented

10:26

task, it might be

10:28

at the beginning and that's normal, it's okay. It's going to

10:30

take a little bit of time and effort and compromise in

10:32

the beginning, especially if you're doing this

10:35

with your spouse, if someone else is involved

10:37

in your budget. But I

10:39

can promise you this, once you

10:41

get in the habit and you

10:43

start tracking your spending, your discipline

10:46

increases, communication in your marriage increases,

10:48

and eventually your margin increases, you can

10:51

start tackling more of your money goals

10:53

that are important to you. So like

10:55

I said, tracking your spending is insanely

10:58

easy now with the EverDollar app.

11:00

So EverDollar Premium, it attaches to

11:02

your bank account and you

11:04

go through and every day I open it and there's

11:06

like a little bubble that pops up and it's like

11:08

four transactions. You click on it, you drag and drop

11:10

it to the category that's necessary, and then you see

11:12

how much money is left in the category and it

11:14

just helps you keep track of what's going on. The

11:17

second lesson that I learned after 15

11:19

years of budgeting has to do with

11:21

a very specific category and that is

11:23

the miscellaneous category. So there are so

11:26

many different theories on

11:28

the internet when it comes to budgeting, you

11:30

know, what you need to do here, percentages,

11:33

or what categories should be there, and I

11:35

mean all of this. But I can just

11:37

tell you, there is an absolute must-have category

11:39

and that is the miscellaneous category. And

11:41

just because I love zero-based budgeting,

11:44

okay, giving every dollar a name, doesn't

11:46

mean that I want you to have zero dollars in

11:48

your bank account, okay? So it's not like you're getting

11:51

down to zero in your bank account, but

11:53

it's this idea that you are able to

11:55

track where your money's going. But as

11:57

we all know, life happens and stuff is going to

11:59

come up. And if it doesn't fit into

12:01

a category, you're like, oh, God, what do I do? That's

12:03

where the miscellaneous category comes in. So I

12:06

recommend taking at least 5% of your take

12:08

home pay and categorizing a

12:10

miscellaneous category for that because it's

12:13

random, unexpected expenses. So

12:15

whether, again, you're having to get a babysitter last

12:17

minute or you have a friend's baby shower and

12:19

you're getting a gift and you need a little

12:21

bit more cushion for it than you realize, that's

12:24

where the miscellaneous category comes in. And

12:27

the great thing about budgeting in general is that

12:29

budgeting gives you permission to spend, so you don't

12:31

have this guilt or frantic credit card charge last

12:33

minute that you're going to be thinking about. You

12:35

just put in the miscellaneous category and keep on

12:37

moving. The third thing that

12:39

I've learned about budgeting is that your budget

12:41

is going to be different every single month.

12:43

So my family's expenses in December are not

12:46

the same as my family's expenses in

12:48

February. And this

12:50

is another great thing about budgeting in the

12:53

EveryDollar app is because it's so easy to

12:55

adjust things on the fly that needs to

12:57

be modified. For example,

12:59

in this month, all of

13:01

our kids' summer camp fees

13:04

were due. And I was like, oh my gosh, I

13:06

don't know if this is where you live. Everyone

13:10

does it in January and February. I'm like, I don't know

13:12

what's going on in June. Oh my gosh. But

13:14

there we are signing up for camps. Or

13:16

maybe you have a month and there's so many birthdays

13:18

maybe in your family or your kids keep getting

13:20

invited to birthday parties and it's their best friend,

13:22

so they got to go. You got to get a

13:24

gift. Whatever it is, every

13:27

month is going to look different. And so you

13:29

want to be able to pivot for different seasons.

13:32

So in the EveryDollar app, it duplicates month to

13:34

month. So Winston and I, a majority of our

13:36

expenses are consistent month to month. But then at

13:38

the very bottom, there will always be probably six

13:40

to seven categories that we add and

13:43

change because of the seasonality of

13:45

where our family's at. All

13:47

right. The fourth lesson that I've learned after a

13:49

decade and a half of budgeting is arguably the

13:52

most powerful game changer when it comes to

13:54

the momentum of your progress. And this is

13:56

something that sounds arbitrary, but it's really important

13:58

when it comes to wealth and

14:00

that is working towards

14:02

a specific financial goal. So

14:05

budgeting can only go so far if

14:07

you don't have intentionality and purpose behind

14:09

it. But how do you know what you

14:11

should be working towards? So a lot of

14:14

it boils down to the baby steps. So

14:16

again if you're saving up that thousand dollar

14:18

emergency fund you're gonna take your budget and

14:20

you're gonna see where can I cut areas? How much

14:22

income do I need to add to get my goal

14:24

of getting that thousand dollars? Or you're paying off debt

14:26

the same way? Where can we cut extra money is

14:28

going to be going towards the debt? You're using your

14:31

budget as a tool to help you

14:33

hit those financial goals. So if

14:35

you tackle those specific things throughout the

14:37

baby steps in an order you're

14:39

making progress. And now

14:41

for the fifth and final lesson that I learned

14:44

and probably maybe the weirdest pieces of advice but

14:46

I think it's key because I believe

14:49

in this tip so much that I

14:51

made a specific product for handling this

14:53

habit and that is lesson five.

14:55

Cash out the budget categories that you

14:57

tend to overspend in. So especially

15:00

if you are new to budgeting okay this

15:02

is really key. That means you're going to

15:04

take categories in your budget that you tend

15:07

to overspend. So a lot of people that's

15:09

food maybe that's clothes that could be your

15:11

miscellaneous category that we talked about earlier whatever

15:13

it is make sure to

15:15

cash those out and then you want to

15:18

divide them into different categories. So you can

15:20

even take an envelope if you want and

15:22

like write restaurants on it. Or you could

15:24

use my personal favorite the Rachel Cruze wallet

15:26

because I made it directly for

15:28

this whole thing because I'm like I want

15:30

you to be able to carry cash around

15:32

be intentional with these categories and for it

15:34

to be cute. So I think

15:37

the envelope system is great and again if you

15:39

are early on in budgeting this is one of

15:41

the best things that you can do because it

15:43

keeps you accountable. When you only have cash studies

15:45

show you think twice about spending you actually end

15:47

up spending less and you know where your money

15:49

is going and it may be you know

15:52

at times it's gonna take some extra effort

15:54

it may not be very convenient and listen

15:56

we love Apple Pay but just try it

15:58

for a season and see what have been

16:00

actually lost your money lead. It's really powerful.

16:07

Well, hey, you guys, I know investing can

16:09

be really confusing. There's so much information out

16:11

there. And have you ever wondered, how much

16:14

should I invest and where is my

16:16

401k set up in a

16:18

way that's going to be able to achieve

16:20

my retirement dream? Well, if

16:22

those questions are out there, you are not

16:24

alone. And having a solid investment plan that

16:26

you're confident in will help you make the

16:29

right decisions. That's why I want to tell

16:31

you about a two night virtual event that's

16:33

coming up. It's called Dave Ramsey's Investing Essentials.

16:36

On May 21st and 22nd, Dave will unpack

16:38

everything that you need to know when it

16:41

comes to investing and retirement from 401ks and

16:43

mutual funds to real estate. You

16:46

can even watch it anywhere you are

16:48

even submit questions for Dave to answer

16:50

live. You guys investing is one of

16:52

the most powerful tools for wealth building.

16:54

So you need to be doing this.

16:56

If you are debt free and have

16:58

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17:00

then you need to buy your ticket

17:02

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17:04

at ramsaysolutions.com slash

17:07

invest with confidence. Do

17:11

you ever feel confused about the goals that

17:13

you should be working towards financially? Or

17:15

maybe having money goals has never even

17:18

crossed your mind? Well, either way, we

17:20

all know the internet is full of

17:22

hot takes and random advice. And it's

17:24

tough to know who to trust. After

17:27

over a decade in the personal finance

17:29

industry, I can confidently say that I've

17:32

seen majority of people win using

17:35

the same tried and true financial

17:37

advice. So no matter your income

17:39

level, debt level, marital status, savings

17:42

progress, these steps work

17:44

for everyone. So today I'm walking you

17:46

through the proven plan so that you

17:48

can figure out exactly where to start

17:50

and stick around till the end. So

17:52

I'll share my number one non negotiable

17:54

money goal that everyone should be working

17:57

towards no matter their status. So

17:59

first, let me just the elephant in the room. Is

18:02

it really that big of a deal that

18:04

we should always be working towards a financial

18:06

goal? I'm gonna say in

18:08

my opinion, yes. I think that

18:10

there is so much power in working

18:13

towards something. So money aside, just the

18:15

integrity and the strength of character that

18:17

you build, when you push yourself and

18:20

lean into discomfort is priceless. And

18:22

from a financial standpoint, there is so

18:24

much data out there that proves being

18:26

intentional with your money, no matter

18:29

what level you're on financially is the

18:31

secret to gaining momentum in your wealth

18:33

building journey. So again, you guys

18:35

being intentional with your money, it is so,

18:37

so key. Now there will be seasons that

18:40

you're more intense, some seasons not,

18:42

but always having that forward progress,

18:44

I think is so important. And

18:46

so like I said, there are seven steps, we call

18:48

them the Ramsey Baby Steps that allow you to take

18:51

full control over your money, you're

18:53

building wealth goals, achieving financial peace,

18:55

all of it. So these are steps that

18:57

actually my dad, Dave Ramsey created and realizing

19:00

that walking people through not just a

19:02

set of principles, because principles are important,

19:04

that actual steps where you can see

19:06

progress is really, really key to winning

19:09

with money. Because so much of money

19:11

is behavior change. And when you know

19:13

that you're doing something and checking something off the list of

19:15

like, I did step one, I did step two, there's

19:18

something in us that keeps us moving forward in

19:20

that. Now let's go through those steps

19:22

in order so that you can figure out

19:24

exactly where you fall. So step one is to save

19:26

$1,000 emergency fund. So

19:29

again, starter emergency fund, this is not

19:31

your forever emergency fund, but it's to

19:33

get you started. Now some people complain

19:35

that $1,000 isn't enough, and

19:37

at times it's not. So that

19:39

means you will have to pause your other

19:42

financial goals at times when you're paying off

19:44

debt, especially to save up more

19:46

money to bump up that emergency fund if you

19:48

need it. But that's what's key,

19:50

is that should kind of drive you to

19:52

be paying off debt, because that's step number two. But

19:55

if you try to pay off debt without

19:57

an emergency fund, then you'll end up going

19:59

back and. that if something happens. And

20:01

then also some people want a bigger emergency fund

20:03

and it takes you longer to be

20:06

building up cash for an

20:09

emergency fund while you're still paying out all this

20:11

debt and all this interest. So it's easier just

20:13

to get a quick start on debt and

20:15

free up that income because that's where you're gonna

20:17

see progress. So again, starter emergency fund, step one

20:20

is $1,000. Step

20:22

two is paying off all of your debits your

20:24

mortgage. So this is gonna include student loans, credit

20:26

card debt, car payments, personal loans, anything

20:29

that is revolved around debt except for

20:31

your mortgage is in this process. So

20:34

you're gonna list out all of your debts, smallest

20:36

to largest, regardless of the interest rate, pay minimum

20:38

payments on everything and attack the smallest one first.

20:41

Once that's paid off, you're gonna be able to

20:43

take the payments that you're paying on that, roll

20:45

it over to the second smallest debt. So it

20:48

keeps freeing up again these payments and you're able

20:50

to build momentum and it creates a snowball effect.

20:53

Okay, once that is all done, then you can move on to

20:55

step three and you're gonna bump up

20:57

that starter emergency fund to three to six

20:59

months of expenses. And you can

21:01

do this in a high yield savings account, but the idea

21:03

here is you don't want to invest this account,

21:05

you wanna be able to get to it if

21:07

you need it. So if a job loss happens,

21:10

medical emergency, you have a lot

21:12

of money saved in the bank just

21:14

for emergencies. Okay,

21:16

this is I think a big accomplishment. Once

21:18

you get past baby step three, you are

21:20

completely debt free but your house and you

21:22

have money saved in the bank. Already

21:25

that is a massive financial milestone that

21:27

I think you really do feel in

21:30

so much of your life. You feel so much

21:32

peace. And again, it is so

21:34

necessary to keep going, right? We don't wanna

21:36

slow down, but in those three steps, you

21:38

guys, it is full intensity, full intensity. And

21:40

then once you complete those three steps, the

21:43

next steps, again, we say you can

21:45

take your foot off the gas a little bit and

21:47

it's more okay. We're still gonna work towards some things,

21:49

but you don't have to be that intense. So

21:52

step four is to say 15% of

21:54

your income into retirement. So there's

21:56

different ways you can do this, but always remember this,

21:58

match beats. Roth beats

22:01

traditional. So let's say you

22:03

have 15% of your income and your company matches

22:05

5%. You'll take part

22:07

of that 15%, 5% of it, put

22:10

it into your 401k. That means you have 10% left. Then

22:13

I would go and fund a Roth IRA. If

22:15

you max it out with 10% that's left and

22:18

you have 2% left, then go

22:20

back to your 401k and you can fund that. But

22:22

those are two great options, a 401k or a 403b

22:24

and a Roth IRA. So

22:28

be looking into those because again, I think it's key.

22:31

And if you wanna check out our investment

22:33

calculator at ramsd solutions.com, plug in some numbers

22:35

and just see what compound interest does, it's

22:37

a beautiful thing. All right, step

22:39

five is the safe for your kids college. And

22:41

so if you have kids, again, this is something

22:43

that you can start doing and working towards because

22:46

so many students have to take out student loans.

22:48

And if you're a parent, that is a gift.

22:50

It is not a requirement, but a gift to

22:52

be able to help your kids when it comes

22:54

to college. So putting money

22:56

in a 529 account, I

22:59

think is great or an ESA, an educational

23:01

savings account. But you can sit

23:03

down with a SmartVestor Pro when it comes to

23:05

your retirement and kids college and really

23:07

map it out. And so again, being

23:10

able to set your kids up, I think is such a gift

23:12

when it comes to their education. All

23:14

right, step six is paying the house off early.

23:16

So what you're gonna see is you're gonna be

23:18

doing retirement, kids college and anything else you have

23:20

extra to be throwing at the house. So you'll

23:22

do four, five and six at the same time.

23:25

And this is one of those things that

23:28

man, you just keep moving at it. But when you're

23:30

paying off your house and you pay off your house

23:32

early at step six, it is one

23:34

of the most underrated things that you can do to

23:36

increase your net worth and find a lot of peace.

23:39

And on average, we have found that people working the

23:41

baby steps pay off their homes in

23:43

just over 11 years. So

23:46

if you have completed all five

23:48

steps and usually that takes around

23:50

two, three, four years to do,

23:53

The rest of it, people are paying off

23:55

their houses. So Could you imagine not having

23:57

a mortgage for 30 years? But.

24:00

For Seven, Eight, Nine, ten, eleven years

24:02

it's amazing. Absolutely amazing. So being able

24:04

to take advantage of that, paying your

24:06

house off it's an incredible thing And

24:09

him and Sat Sun all that's left

24:11

is a piece of seven to build

24:13

wealth and gives some giving as part

24:15

of your entire financial journey regardless of

24:17

where you are. I always they give

24:20

a little and sleep and give a

24:22

lot better babies of seven. That's and

24:24

you to increase and you get to

24:26

be extremely generous because all you're doing

24:28

is funding investments and enjoying life and

24:30

giving money away. And as once you

24:33

have less to do and it's a

24:35

wonderful. So no matter how many people

24:37

tell you on the internet that your

24:39

financial goals are dependent on your age

24:41

and her and com your geographic location,

24:43

the truth is that really has to

24:46

start with you deciding to make progress.

24:48

Now see those things factor and absolutely.

24:50

But this idea that you have the

24:52

ability to take control of your money

24:54

is Huge. So use the baby steps

24:57

you guys and is a proven plan

24:59

to be able to. Control of your

25:01

mind. Get out of debt, save for the future

25:03

and all of so it's easier said than done

25:05

Year the one that actually has some make the

25:07

progress but you can do it with the people

25:09

every single day. That. Are deciding. I'm gonna

25:12

take control of my money to. That's what I

25:14

believe is so important. and it's you can do

25:16

it. Financial. Goals Regardless of

25:18

where you are so busy, be

25:20

working towards something that intentionality are

25:22

so important or if you love

25:24

it does. So Make sure to

25:26

leave a review because your feedback

25:28

and helped out so much and

25:30

the while you're at it may

25:32

sort of describe a fight. Can

25:34

share with your friends, your family

25:36

and help selma know how to

25:38

live within a budget. Are you

25:40

guys in for listening? And remember

25:42

to take control of your money.

25:44

And create an Ip laws.