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The Rachel Cruze Show

How Luxury Brands Are Getting You to Spend More

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.83.6K Ratings

🗓️ 20 December 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

💵 Start your free budget today. Download the EveryDollar app!    Having nice things isn’t bad, but too much of a good thing can become a problem. Find out how luxury brands are getting you to spend more. Plus, get practical tips for spotting these marketing schemes.    Next Steps:  🎥 Watch my video How Do You Compare Financially to the Average American?    Connect With Our Sponsors:   🏥 Learn more about Christian Healthcare Ministries.  🔒 Get 20% off when you join DeleteMe.    Listen to More From Ramsey Network:  🍸 Smart Money Happy Hour  🎙️ The Ramsey Show    💸 The Ramsey Show Highlights  🧠 The Dr. John Delony Show  💰 George Kamel  💼 The Ken Coleman Show  📈 EntreLeadership    Ramsey Solutions Privacy Policy

Transcript

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0:00.0

Well, hey, you guys. So, listen, having nice things is not a bad thing. I always want you to

0:11.5

remember that because on this channel we always talk about ways to save and dupes and all

0:15.5

of this. Listen, having nice stuff, it is not bad. But the problem is when you have nice stuff and then your

0:21.6

nice stuff has you in return is not a great place to be. So if you do think that luxury items

0:26.9

need to be a part of your life, then you'll have to realize that that can be a recipe for

0:31.7

overspending. And listen, luxury brands understand this and they can take advantage of this way of thinking. So today, I want to

0:40.8

explain how luxury brands are getting you to spend more than you need and share some practical

0:46.7

ways for you to avoid some of their marketing schemes. But before we begin, be sure to subscribe

0:51.9

and share this episode with a friend who might enjoy it.

0:55.3

All right, here's the thing, you guys, with money, you have to remember, money is a tool.

0:59.2

It is not good.

1:00.2

It is not bad.

1:01.4

But depending on our motivation on how we handle money, could be good or bad, right?

1:06.3

We can be great at saving, which is a good thing. But then sometimes you can be a hoarder,

1:12.8

and that's a bad thing, right? You can have the motivation to spend and enjoy life, which is great,

1:18.1

but then you can overspend and maybe try to create a life that is, you know, beyond what you have

1:24.0

through that money, and that's not a good thing. So again, the money doesn't care,

1:33.1

but it's how we use the tool, which matters really the most. So we have to really understand how to use this well. So one way that I see money being used in a negative way is when people

1:37.9

decide to use it as a measure of success. And it's like this measuring stick of like,

1:43.2

where am I? And if I make more money,

1:45.7

I'm more successful. So I'm somehow going to be better or happier. And that's just not true.

1:50.8

And it's very normal to feel like you need to live at this level of expectation of maybe some

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