Rachel Cruze net worth is $3 million. She is one of the most renowned self-help authors in the United States today.
She was born on April 25, 1989 and has become a well-known speaker and writer on the importance of financial literacy.
Her book Smart Money, Smart Kids co-written with her father Dave Ramsey even made it to number one on the New York Times bestseller list back in 2014.
Rachel Cruze has achieved great success throughout her career, and many are now wondering what her net worth is as of 2023.
Let’s explore more about this motivational author, including what degree she holds and how much money she has accrued so far!
Biography of Rachel Cruze
Rachel Cruze hails from Tennessee, United States as the daughter of Sharon and Dave Ramsey, with a brother named Daniel and a sister Denise.
Astrologers believe her zodiac sign to be Taurus. She is married to Winston Cruze. The couple live in Franklin, Tennessee.
Rachel wrote the best-selling book “Love Your Life Not Theirs” and regularly appears on FoxNews with her father spreading financial literacy by speaking at events throughout the United States.
By living out her message and providing practical advice in managing finances, Rachel continues to provide value to others while inspiring them along their journey to financial freedom.
Early Life & Education
Rachel Ramsey, born on April 4, 1988, was reared by her parents Sharon and Dave Ramsey, a businessman and author.
She holds a bachelor’s degree in communication studies from Tennessee University.
Her father’s influence was instrumental during her formative years, teaching her the value of money management.
After graduation in 2010, she began working at her father’s rapidly growing financial institution before starting a journey of creating her own success.
Today she is well-known for being an entrepreneur and public speaker with an impressive net worth to reflect all of her hard work.
Rachel Cruze continues to be an inspiration to many people who want to build their own legacy through responsible financial planning and savvy investments.
Career of Rachel Cruze
Rachel Cruze, a successful author and financial education advocate, began her professional journey by working for her father’s company in 2014.
She then went on to create and co-host the show ‘The Legacy Journey,’ with her father’s emphasis on financial discipline.
In addition, she has been featured in multiple notable shows such as Good Morning America, The Today Show, Katie Fox & Friends where she discussed and showcased her books.
Moreover, Rachel is not only an author but also helped in publishing ‘Woman’s Day’ which features both of their works.
Despite her flourishing career, she continues to dedicate much of her time to teach young individuals about personal finance in churches, business forums and conferences.
Rachel Ramsey Cruze Books
Rachel Cruze and Dave Ramsey, a famous financial team, wrote the book “Smart Money, Smart Kids”, in 2014.
The book aims to give guidance on many important aspects of financial literacy such as avoiding debt, saving money, living responsibly and understanding where your money comes from.
Furthermore, Rachel and Dave emphasize the importance of hard work to help secure one’s future and one’s success.
After the arrival of this first book came “Love Your Life Not Theirs: 7 Money Habits for Living the Life You Want” in 2016; followed by “The Graduate Survival Guide: 5 Mistakes You Can’t Afford to Make in College” in 2017; later succeeded by their 2019 masterpiece “The Contentment Journal”.
With all four books, this power-couple has distinguished themselves as pillars of modern financial advice.
Awards & Achievements
Rachel Cruze’s book, Smart Money, Smart Kids debuted at the top of the prestigious New York Times Best Sellers list and was met with rave reviews.
Publishers Weekly and The Wall Street Journal were both impressed with Cruze’s comprehensive guide on financial parenting, which covers topics like investing in your children’s future, how to teach kids about money, and raising financially smart kids.
Written by the daughter of Dave Ramsey – America’s leading voice on personal finance – Cruze brings a fresh perspective to this important topic. Make sure you add this title to your reading list!
Net Worth & Earnings
Rachel Cruze has achieved immense financial success, evidenced by a projected net worth of a whopping $3 million.
Her primary method for earning her impressive fortune is publishing novels on personal finance that are incredibly popular among readers.
She also offers money consulting services and maintains a hit video blog.
Of course, her success can also be attributed to her numerous television appearances in which she continually provides sound financial advice.
With the help of her winsome phrase “spending within your means”, it is no wonder that Rachel Cruze has made such an impact in the world of personal finance.
Life Lessons
Begin investing as soon as possible
According to Rachel Cruze, author of “Know Yourself, Know Your Money”, investing early is the key to building a comfortable retirement nest egg.
Investing early gives you more compound interest to work with, making saving money much easier.
As she writes in her book, “If Person A saves $5,000 a year from age 25 to 40 for a total of $75,000 and never invests another penny, and Person B invests $5,000 every year from 40 to 65 for a total of $125,000 invested, assuming 5% growth, Person A will end up with more than $400,000 by retirement while Person B will only have $256,000!”
Simply by starting sooner, you can potentially have an extra $150,000 by the time you retire.
While it may seem daunting now to invest when young adults don’t even have full-time jobs yet or steady income streams beyond concessions or part-time wages – conquering investments now will ensure exponential financial success later in life.
A penny saved is better than a penny earned
One of the most essential lessons I’ve learned throughout my life is a famous cliche first popularized by Rachel Cruze—“A penny saved is a penny earned.”
However, this doesn’t quite capture the power of saving. In fact, it overlooks an important point: A penny saved is worth more than a penny earned.
The primary reason for this is that when you earn one dollar, the government always takes its cut, reducing what you get to spend in the end.
Therefore, if you save $1 that you would have otherwise spent on something else, it’s like effectively earning $1.33 due to government taxes taken from income ($1 / (1-.25)).
This simple lesson has helped me realize that cutting expenses can be more beneficial for my financial health than simply increasing my earnings.
Save for retirement
Planning for retirement can be a daunting thought, but it doesn’t have to be. Rachel Cruze’s advice is to save early and often, never stop saving and plan your investments accordingly.
When facing the prospect of retirement, you should always consider the increasing longevity of life expectancy as well as rising healthcare costs.
This will help ensure that you have sufficient funds to tide yourself through life after your active income ceases.
Careful planning from early on in your career is key so that you can live a financially secure life during this momentous phase of your life.
Conclusion on Rachel Cruze Net Worth 2023
Rachel Cruze is making a big splash in the writing world thanks to her expertise in financial advice.
She and her father, Dave Ramsey, teamed up to create the memorable bestseller Smart Money, Smart Kids – a book that debuted at the top of The New York Times bestseller list.
In addition to writing books, Rachel Cruze also broadcasts on several media platforms such as Fox News.
Her net worth is projected at a whopping $3 million by 2023; this figure is sure to rise considering all the attention she’s currently receiving.
It’s no surprise why she quickly became such a sought-after figure in the writing industry.
