Are you ready to take control of your financial future? In this episode, we're breaking down the four levels of wealth—a powerful framework that can help you understand where you stand financially, where you want to go, and how to get there. Whether you're just starting out, working toward financial independence, or dreaming of reaching elite levels of wealth, this conversation is packed with practical tips, insights, and motivation to help you move up the wealth ladder. We'll explore how Millennials and Gen Z can assess their current financial standing using two key formulas, and we'll share actionable advice for moving from the lower or mid levels to higher levels of wealth. Along the way, we'll highlight common mistakes to avoid and strategies for staying motivated, even when progress feels slow. If you've ever felt stuck in your financial journey or wondered how to reach the next milestone, this episode is your roadmap to leveling up. Let's dive in and build a brighter financial future together! We love hearing from our listeners. If you have any questions, comments, or topic suggestions, you can reach out to us at [email protected]. Other Related Episodes 2020: Budgeting Spending Control 2021: Forming an Annual Budget Episode How to Increase Your Savings Rate 2022: How Is Your Budgeting Going?  2023: How to Prioritize Your Spending Negotiating Salaries - How to Increase Your Income 5 Ways to Limit Lifestyle Creep 2024: Reach Your 2024 Goals By Budgeting Understanding FIRE: How the Financial Independence Retire Early Movement Applies to You The Millionaire Next Door Discussion, Part One The Millionaire Next Door Discussion, Part Two

Broke Millennial: Stop Scraping By and Get Your Financial Life Together (Broke Millennial Series) "Broke Millennial" is a personal finance guide that aims to help young adults achieve financial stability. Author Erin Lowry, a millennial personal finance expert, uses humour and storytelling to explain basic financial concepts and empower readers to take control of their money. The book covers a wide range of topics including: Understanding your relationship with money and overcoming psychological blocks Budgeting: exploring different methods to find one that suits you Credit reports and scores: why they matter and how to improve yours Credit cards: using them responsibly and avoiding debt Tackling consumer debt: strategies for paying off credit cards Student loans: understanding different types of loans and repayment options Saving: building an emergency fund and the importance of a "F* Off Fund"** Navigating finances in relationships Living at home after college and overcoming financial challenges Salary negotiation Investing and retirement planning Whether or not you need a financial planner Homeownership: understanding the process and making informed decisions The book features real-life examples and advice from financial experts, making the information practical and relatable for millennials. Lowry encourages readers to take actionable steps towards financial independence and to break free from the cycle of living paycheck to paycheck. #BrokeMillennial, #GYFLT, #FinancialLiteracy, #PersonalFinance, #MoneyManagement, #MillennialMoney, #FinancialFreedom, #MoneyTips, #SavingMoney, #Budgeting, #DebtFree, #CreditScore, #Investing, #Retirement, #FinancialGoals, #FinancialPlanning, #FinancialAdvice, #MoneyMatters, #FinancialWellness, #SideHustle, #EmergencyFund, #CreditCards, #StudentLoans, #HomeOwnership, #FinancialHabits, #MoneyMindset, #FinancialIndependence, #MoneyTalks, #FinancialJourney, #SmartMoney, #MoneySmart, #CashFlow, #NetWorth, #PayYourselfFirst, #FinancialFuture, #MoneyConfidence, #FinancialEmpowerment, #FinancialHealth, #DebtPayoff, #InvestingTips, #RetirementPlanning, #FinancialSecurity, #FinancialGrowth, #WealthBuilding, #MoneyMotivation, #FinancialSuccess, #MoneyManagementTips, #FinancialTips, #CreditCardTips, #StudentLoanTips, #HomeBuyingTips.

I Will Teach You To Be Rich: No guilt, no excuses - just a 6-week programme that works 📚 Buy this book on Amazon: https://amzn.to/3DuG1G4 💻 Free month of Kindle Unlimited: https://amzn.to/3ZYVJAK 🎧 Grab audio version for free on an Audible trial: https://amzn.to/3PeeivQ "I Will Teach You To Be Rich" is a personal finance guide written by Ramit Sethi. Described as having a breezy and easy-to-read style, the book aims to make managing money accessible and unintimidating. It emphasises a six-week programme with actionable steps to gain control of your finances, starting with optimising credit cards and beating bank fees. Sethi advocates for focusing on what he calls "the Big Wins", like automating savings and investments, rather than obsessing over minor expenses. The book teaches readers to create a "Conscious Spending Plan", which involves identifying what you truly value and spending extravagantly on those things, while ruthlessly cutting costs on things you don't. The book includes: Practical advice on negotiating with credit card companies and banks to waive fees and secure lower interest rates. Guidance on setting up a 401(k) and Roth IRA, even with small initial contributions. Debunking common financial myths, such as the idea that investing is only for the wealthy or that financial advisors are necessary. Strategies for handling significant life expenses like student loans, weddings, buying a car, and purchasing a house. The book features real-life examples of how readers have successfully implemented Sethi's principles to: Pay off debt. Negotiate salary increases. Build substantial savings. Achieve financial independence. "I Will Teach You To Be Rich" aims to empower readers to take control of their finances and design their own "Rich Life", whatever that may look like for them. #PersonalFinance, #FinancialFreedom, #MoneyManagement, #Investing, #RetirementPlanning, #SavingsGoals, #Budgeting, #DebtFree, #ConsciousSpending, #FinancialLiteracy, #MoneyTips, #WealthBuilding, #FinancialIndependence, #EarlyRetirement, #FIREMovement, #InvestmentStrategies, #AssetAllocation, #IndexFunds, #TargetDateFunds, #401k, #RothIRA, #HSA, #CreditScore, #CreditCardRewards, #NegotiationSkills, #SalaryNegotiation, #SideHustle, #Freelancing, #FinancialPlanning, #MoneyMindset, #FinancialGoals, #WealthManagement, #PassiveIncome, #FinancialSecurity, #MoneyHabits, #FinancialWellness, #SmartMoneyMoves, #MoneyMatters, #GrowYourWealth, #FinancialAdvice, #MoneyMotivation, #AchieveYourGoals, #FinancialSuccess, #RichLife, #GuiltFreeSpending, #AutomateYourFinances, #BeatTheBanks, #OptimizeYourMoney, #TakeControlOfYourFinances, #BuildYourRichLife

The Millionaire Next Door: Hidden Habits of Everyday Millionaires 📚 Buy this book on Amazon: https://amzn.to/3ZSWmMp 💻 Free month of Kindle Unlimited: https://amzn.to/3ZYVJAK 🎧 Grab audio version for free on an Audible trial: https://amzn.to/3PeeivQ "The Millionaire Next Door" explores the surprising secrets of America's wealthy, debunking common myths about their lifestyles. The book reveals that most millionaires live frugally, accumulating wealth over time through discipline and smart financial decisions. Based on extensive research and interviews with hundreds of millionaires, the authors, Thomas J. Stanley and William D. Danko, identify seven key characteristics that contribute to wealth building. These include living below one's means, efficient allocation of resources, prioritizing financial independence over social status, and raising financially self-sufficient children. The book highlights the contrast between "Prodigious Accumulators of Wealth (PAWs)" who embody these traits and "Under Accumulators of Wealth (UAWs)" who prioritize high consumption over saving and investing. Through compelling anecdotes and data analysis, "The Millionaire Next Door" challenges conventional notions of wealth, offering valuable insights into how ordinary people can achieve financial independence. #MillionaireNextDoor, #Wealth, #FinancialIndependence, #Frugality, #Investing, #Saving, #Budgeting, #Discipline, #Entrepreneurship, #SelfMade, #Inheritance, #EconomicOutpatientCare, #FinancialPlanning, #Goals, #Lifestyle, #ConsumptionHabits, #NetWorth, #Assets, #Liabilities, #ProdigiousAccumulatorOfWealth, #UnderAccumulatorOfWealth, #TimeManagement, #BargainShopping, #RealEstate, #Stocks, #Bonds, #MutualFunds, #Annuities, #RetirementPlanning, #EstatePlanning, #Philanthropy, #BusinessOwners, #Professionals, #Doctors, #Lawyers, #Accountants, #Teachers, #Farmers, #Auctioneers, #FamilyBusiness, #FinancialAdvisors, #CreditCards, #LuxuryCars, #ModestLiving, #AmericanDream, #FinancialSuccess, #FinancialLiteracy, #MoneyHabits, #WealthBuilding, #GenerationalWealth, #EconomicMobility, #PersonalFinance, #Success, #Motivation.

Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence 📚 Buy this book on Amazon: https://amzn.to/3ZShjqR 💻 Free month of Kindle Unlimited: https://amzn.to/3ZYVJAK 🎧 Grab audio version for free on an Audible trial: https://amzn.to/3PeeivQ "Your Money or Your Life" is a guide to achieving Financial Independence (FI) by transforming your relationship with money. The authors argue that most people unknowingly trade their life energy for money, often getting a poor return. The book presents a nine-step program to help readers: Gain Financial Intelligence: Understand their finances and make informed decisions about spending. Achieve Financial Integrity: Align spending with values and find true fulfilment, not just material possessions. Reach Financial Independence: Generate enough passive income to cover living expenses, and free up time for pursuing dreams and passions. Cultivate Financial Interdependence: Use newfound freedom to connect with others and create positive change in the world. The book emphasizes the importance of mindful spending, recognizing the finite nature of time and energy. It encourages readers to define "enough" for themselves, breaking free from the pursuit of "more." This updated edition includes new insights on frugality, simple investing strategies (including index funds and real estate), and side hustles, making it relevant for contemporary readers seeking financial freedom and a more fulfilling life. #FinancialIndependence, #FIRE, #YourMoneyOrYourLife, #MoneyManagement, #PersonalFinance, #FinancialFreedom, #Investing, #Savings, #EarlyRetirement, #Frugality, #Minimalism, #SimpleLiving, #IntentionalLiving, #LifeEnergy, #Values, #Purpose, #DebtFree, #SideHustle, #PassiveIncome, #IndexFunds, #RealEstateInvesting, #DIY, #Sustainability, #Enough, #Mindfulness, #ConsciousSpending, #FinancialLiteracy, #MoneyMindset, #FinancialWellness, #Budgeting, #WallChart, #TrackingExpenses, #GazingusPins, #CreativeFrugality, #Aprovechar, #SelfSufficiency, #Homesteading, #DigitalNomad, #RemoteWork, #CarSharing, #GiftGiving, #ExperiencesOverStuff, #ConsciousConsumerism, #FinancialInterdependence, #NaturalWealth, #Community, #TimeFreedom, #LifePurpose, #Happiness, #Fulfillment, #MillennialMoney, #GenX, #Boomers.

📱Watch the full episode for free in the Ramsey Network app. While we're out for the Christmas break, we've compiled some of our favorite John and George calls from the past couple of years. Enjoy your day and we'll be back with a live show in the new year! John Delony & George Kamel answer your questions and discuss: ‘We make $330K and live paycheck to paycheck' 'Is my mother-in-law is trying to cause a rift?’ ‘I feel guilty for spending money on therapy’ ‘I'm 15, how can I help my parents financially?' ‘Dealing with my husband's gambling addiction’ 'We've been living in a hotel for 3 months.' Support Our Sponsors: 🌱 Get 10% off your first month of BetterHelp 🏥 Learn more about Christian Healthcare Ministries 🏡 Get started today with Churchill Mortgage 🏦 Go to FAIRWINDS Credit Union for an exclusive account bundle! 🥗 Save 15% on your first Field of Greens order with code RAMSEY 💤 Visit Helix Sleep for special offers! 💻 Visit NetSuite today to learn more 🗂️ Use promo code RAMSEY for18% off at The Nokbox 🏛Get started with YRefy or call 844-2-RAMSEY 🔐 Visit Zander Insurance for your free instant quote today! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 📈 Are you on track with the Baby Steps? Get a Free Personalized Plan 🏖️ Invest in Your Future With a SmartVestor Pro 💵 Start your free budget today. Download the EveryDollar app! 🎟️ See Dave and John LIVE in a city near you! 🛳️ Live Like No One Else Cruise ✅ Free tools and resources to find the right insurance for you Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💸 The Ramsey Show Highlights 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Ramsey Solutions is a paid, non-client promoter of SmartVestor Pros. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not! 📚 Buy this book on Amazon: https://amzn.to/3PfOmjB 💻 Free month of Kindle Unlimited: https://amzn.to/3ZYVJAK 🎧 Grab audio version for free on an Audible trial: https://amzn.to/3PeeivQ Rich Dad Poor Dad by Robert Kiyosaki is a transformative personal finance book that compares the lessons Kiyosaki learned from two father figures in his life: his biological father (the "Poor Dad") and the father of his best friend (the "Rich Dad"). The book uses this dual perspective to challenge conventional beliefs about money, education, and success, offering actionable advice for achieving financial independence. Key Lessons from the Book: 1. The Mindset of the Rich vs. the Poor The Poor Dad values formal education and job security, believing that working hard for a paycheck leads to success. In contrast, the Rich Dad emphasizes financial education, entrepreneurship, and building wealth through investments. This fundamental difference highlights the importance of mindset in achieving financial independence. 2. Assets vs. Liabilities A core principle of the book is understanding the difference between assets and liabilities. Assets, such as real estate, stocks, and businesses, put money in your pocket, while liabilities, like mortgages or car loans, take money out. Kiyosaki argues that the path to wealth lies in acquiring income-generating assets and minimizing liabilities. 3. The Importance of Financial Education Kiyosaki stresses that traditional schooling focuses on academic skills but often neglects financial literacy. He advocates for learning about investing, taxes, and the mechanics of money to take control of one's financial future. 4. The Rat Race The book describes the "rat race" as the endless cycle of earning and spending, where people work harder to pay for increasing expenses but never achieve true wealth. Kiyosaki urges readers to break free from this cycle by creating passive income streams. 5. Work to Learn, Not Just to Earn Kiyosaki advises readers to seek jobs that teach valuable skills rather than focusing solely on salary. For example, learning sales, marketing, or accounting can provide long-term benefits, even if the job itself doesn't pay well initially. 6. Taking Risks and Embracing Failure Rich Dad encourages taking calculated risks and viewing failures as learning opportunities. Building wealth often involves stepping out of comfort zones, whether through investments, entrepreneurship, or new ventures. Criticisms and Impact: While widely praised for its motivational insights, Rich Dad Poor Dad has been critiqued for its lack of specific investment strategies and overgeneralized advice. However, it remains a cornerstone for anyone seeking to rethink their approach to money and wealth-building. Conclusion: Rich Dad Poor Dad is a compelling guide to achieving financial independence through mindset shifts and actionable strategies. It inspires readers to question traditional beliefs about money, prioritize financial education, and take steps toward building lasting wealth. Whether you’re new to personal finance or looking for a fresh perspective, this book offers timeless lessons to help you achieve financial success. #RichDadPoorDad, #FinancialLiteracy, #FinancialFreedom, #FinancialEducation, #Investing, #AssetsAndLiabilities, #CashFlow, #PassiveIncome, #Entrepreneurship, #Business, #MoneyManagement, #WealthBuilding, #Mindset, #Success, #Motivation, #PersonalFinance, #RealEstate, #Stocks, #Bonds, #MutualFunds, #RetirementPlanning, #EarlyRetirement, #FinancialIndependence, #RobertKiyosaki, #SharonLechter, #CASHFLOWGame, #RatRace, #FastTrack, #OvercomingObstacles, #FearAndGreed, #FinancialGenius, #PayYourselfFirst, #SelfDiscipline, #GoodAdvice, #Learning, #Action, #Formulas, #Opportunities, #Change, #ThinkBig, #History, #GenerationalWealth, #FinancialIntelligence, #MasteringMoney, #Leadership, #Sales, #Marketing, #Networking, #Association, #Mentors, #Goals, #Dreams, #Freedom, #Lifestyle, #Abundance, #Prosperity.