DeepSummary
Rachel and George discuss common little white lies people tell themselves and others about money, and how these lies can actually be harmful to one's finances. They go through several examples such as saying "I'll pay this off next paycheck," "I'll start investing later," or "I'm just not good with money." They explain why these statements are lies we tell ourselves, and offer truthful alternatives that promote better money habits.
The hosts also touch on other white lies not directly related to finances, like saying "Let me know if you need help moving" when you don't actually intend to help. They emphasize that constantly telling these types of lies, even if they seem harmless, can erode the integrity of your words over time. The episode aims to make listeners aware of the excuses they make to themselves regarding money.
Towards the end, Rachel and George do a fun segment rating a creamy lemonade mocktail recipe, which ends up being quite unappetizing. They encourage listeners to make it themselves and share their honest reviews. The overall message is to stop making excuses, be truthful with yourself about your finances, and develop better money management habits.
Key Episodes Takeaways
- Have someone keep you accountable about your money habits and call out your excuses.
- Don't tell little white lies and make excuses to yourself about money, as this harms your own financial progress.
- Be honest with yourself about your financial situation and habits in order to make positive changes.
- Common money lies include saying you'll pay things off soon, start budgeting/investing later, or claim you're just not good with money.
- Even seemingly harmless social white lies can reflect poor money habits if taken too far.
- Face reality, make a plan, and take personal accountability rather than relying on wishful thinking.
- Constant white lies, even small ones, can erode the integrity and accountability of your words over time.
- Telling the unvarnished truth to yourself may be uncomfortable but is necessary for financial improvement.
Top Episodes Quotes
- “And the person that you're harming when you make those excuses is you.“ by George Campbell
- “So if there was any excitement, it was just that people now can have a plan to move forward with their lives.“ by George Campbell
- “Be brave. Tell the truth.“ by Rachel Cruz
- “If you don't have anything nice to say, don't say it at all. Sometimes we have to say something.“ by Rachel Cruz
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Episode Information
Smart Money Happy Hour with Rachel Cruze and George Kamel
Ramsey Network
6/27/24