How To Love Your Life, Not Theirs

You may recognize Rachel Cruze as Dave Ramsey’s daughter and part of Dave Ramsey Solutions. But did you know that she refers to herself as a “natural spender?” Yep, in Love Your Life, Not Theirs, she talks about her own struggles with budgeting and spending.

 LOVE YOUR LIFE, NOT THEIRS BY RACHEL CRUZE. 7 MONEY HABITS FOR LIVING THE LIFE YOU WANT.

And while she is Dave Ramsey’s daughter and teaches his plan, Rachel has a less confrontational, in-your-face approach which might make her more palatable to those who shy away from Dave. She comes across as very authentic and understanding, like she’s right there with you, trying to spend her own money in the best way.

However, Rachel's book isn't about the Dave Ramsey method. It’s about stopping the comparison trap and learning to love your own life and not covet someone else’s.

In Love Your Life, Not Theirs Rachel identifies 7 Habits that will help you live the life you want. 

1. Habit 1—Quit the comparisons.
Keeping up with the Jones’ has always been a thing, but social media has increased the problem tenfold.

2. Habit 2—Steer Clear of Debt.
Debt is bad. Period.

3. Habit 3—Make a plan for your money.
This is one of my favorite habits because this is where I need the most help. And this section is filled with good stuff. Including my favorite quote from the book: 

“You can accidentally lose a lot of money, but you don’t keep, build, and multiply dollars by drifting into it.”

Now, I don’t know about you, but that sentence gets me every time. You (I’m talking to myself here) have to have a plan for your money!

4. Habit 4—Talk About Money (Even When It’s Hard)

There are many important conversations that need to take place concerning money. So this is an important chapter. Talking about money can be difficult but we have to do so to be financially successful. You need to talk to your spouse or partner. Managing your money and reaching your goals is going to be very difficult if you aren’t in agreement and headed in the same direction.

If you are single, she recommends finding someone you trust and are comfortable with helping to keep you accountable. This needs to be someone who will be straight with you and who values what you value.

Parents are children’s first teachers about money. Parents need to teach their children about money.

“Many parents are hesitant to talk with their kids about money because they feel guilt or shame from their own past mistakes. If you’re a parent, you need to talk to your kids about money, even when it’s hard.”

And then adult children need to talk to their parents about money. “These can be awkward conversations, but they will help you eliminate a great deal of stress…”

 7 money habits to help you live the life you want. from love your life, not theirs by rachel cruze.

5. Habit 5—Save Like You Mean It

This is the area where she discusses saving for those life events you know are coming. Retirement, a new car, college, weddings, babies, homeownership. These things are not emergencies and we need to be saving (and planning) for them.

6. Habit 6—Think Before You Spend

My key takeaway from this chapter—Don’t $25 yourself to death. This is my personal battle, especially with books. $10 here, $15 there, $20 more, and before I know it, I’ve spent $100 on books. $100 that I didn’t intend to spend. You can’t do that. Be intentional about your purchases and think before you spend.

7. Habit 7—Give a Little… Until You Can Give a Lot

It’s not about how much you can give. It’s about the giving itself. When you focus on the needs of others you change. “You learn what it means to be truly happy.”

 7 money habits for living the life you want

If you want to get your financial life back on track and stop the comparison trap, you can order Love Your Life, Not Theirs today.

Managing Your Money When You Don't Have Any

There can be a lot of messy emotions like guilt and shame, tied up with money. And when there’s not enough of it to go around, it gets even harder. Former financial advisor and counselor, Erik Wecks, knows all about the struggle and he wants to help you change. Not the way you spend, but what you believe about money. So he's written How To Manage Your Money When You Don't Have Any.

 How To Mange Your Money When You Don't Have Any

What makes this book so helpful?

1. It’s for the 78% of Americans who are living paycheck-to-paycheck. The author candidly talks about his financial struggles. And he clarifies in the introduction, “So if your concerns revolve around what will happen to your child’s financial aid when you gift them a large portfolio of stocks, this book may have little to offer you. On the other hand, if your concerns revolve around how to make sure you can afford to pay the mortgage on an upside down house so your child has a roof over their head, this book is written for you.”

2. Wecks is blunt. Things happen—medical bills, car repairs, household maintenance— and you need savings to account for those things.

“If you are paying for cable and not saving for an emergency, you may value cable more than you value your ability to pay for food, clothing, and shelter for your family.”And, “Our desired values say one thing, and financial choices say another.” It’s brutal, and it may sting, but it also may but it also may be the very thing you need to hear. 

3. Wecks includes a fictional case study about a dentist and the receptionist who works at the dentist’s office. It’s an excellent illustration that having a hefty paycheck doesn’t mean more financial security. Higher expenses can be a trapping of higher income.

Wecks lays out an 8-step financial roadmap that you can follow. He also teaches two strategies to secure your basic needs.

Live debt-free.

Live below your income and save for a rainy day. (He does acknowledge that some readers won’t be able to save because there is just no money left over.)

Currently, How To Manage Your Money When You Don’t Have Any is available on Kindle Unlimited so if you have a KU membership, you’ll be able to read it for free. Or purchase a physical copy of How To Manage Your Money When You Don’t Have Any here.