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The Rachel Cruze Show

What Celebrities Get Right (and Wrong) About Money

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.83.6K Ratings

🗓️ 31 January 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

📈 Are you on track with the Baby Steps? Get a Free Personalized Plan   Did you know LeBron James is a big-time saver? In this episode, find out which money lessons we should take from our favorite celebs (and which ones we shouldn’t). Plus, don’t miss my top tip for building wealth whether you’re in the limelight or not.   Next Steps:   💵 Start your free budget today. Download the EveryDollar app! 🎥 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  🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership    Ramsey Solutions Privacy Policy  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So there are countless stories about celebrities or anyone who comes into money quickly

0:09.4

about squandering their wealth, right, and they're having to start over from scratch.

0:13.5

And we see those train wrecks at times, but then also we do see some people that actually

0:19.4

do really well with their money as celebrities.

0:22.4

You know, these public figures, though, when it comes to personal finance, it's very fascinating

0:25.9

lessons that we can learn from them.

0:28.1

So today, I'm going to react to a few lessons from your favorite and my favorite celebrities

0:32.1

and stay tuned till the end because I'll share my number one tip for building wealth, regardless

0:36.7

if you're a celebrity or not. And before we get started, make sure to subscribe and share this episode with a friend

0:42.8

who loves pop culture. All right, first up, let's start with LeBron James. So his net worth,

0:48.6

are you ready for this, $1.2 billion. But what he's done with his money is pretty incredible. He founded a school.

0:55.9

He has started multiple businesses and he signed a lifetime Nike contract. And he said his first

1:01.9

money lesson that he learned was very important. And that was the lesson of saving money.

1:07.6

His uncle would give him a dollar and tell him to save 65 cents of it. And he still owes his

1:13.4

wealth to learning that habit early on when it comes to saving. I mean, well done, LeBron. Well done.

1:19.0

Next up, it's our girl Kylie Jenner. So her net worth is $700 million. And she was born, you know,

1:26.7

into a very well-to-do family, the Jenners. But then she

1:30.1

really created this fortune on her own. She used social media, thank you free marketing,

1:34.9

to launch Kylie Cosmetics in 2014 when she was only 17 years old. And a few years later,

1:41.3

she sold a 51% stake for $600 million. And one lesson from

1:48.0

Kylie is that, you know, you can use influence, you can use networking. And if you have a skill

1:54.7

or an expertise in a certain area, lean into that, right? Now, her celebrity factor obviously

...

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