By Joe Southern
Anyone familiar with personal finance guru Dave Ramsey will likely be familiar with his daughter, Rachel Cruze.
Both of them will be in Houston Oct. 22 for Dave Ramsey’s Smart Conference but Cruze will be here two weeks earlier on a tour promoting her new book, “Love Your Life, Not Theirs.” She will be at Books-A-Million at Katy Mills Mall on Oct. 12. It’s the same place her father stopped when he went on a nationwide book tour five years ago.
Cruze is promoting her second book and her first solo endeavor. Her first book, “Smart Money Smart Kids,” was co-authored with Ramsey.
“This one is all me,” Cruze said in a telephone interview with the Fort Bend Star.
As the title indicates, the book, which comes out Oct. 3, is about keeping up with the Joneses, or rather, not keeping up with the Joneses. Cruze said that people in today’s culture are obsessed with being first to have the newest and latest gadgets and they’re drowning in debt to possess things and live a lifestyle way beyond their means.
“In our culture we’re letting other people’s lives and expectations dictate how we handle money,” she said. “Their lifestyles and influences are dictating our lifestyles.”
Her book offers seven steps for getting control of your life and your money. Cruze, like her father, urges people to live below their means, pay off their debt and live a generous debt-free life. Although they share a financial philosophy, there is room for more than one author in the family.
“How do I write a money book that’s different than Dave’s? My perspective is different,” she said.
Where Ramsey uses head knowledge and logic in his approach, Cruze is relational and generational with a strong appeal toward millennials.
“It’s a heart issue,” she said.
“This message is needed more than ever,” she added.
Her first and most important step is to quit comparisons. She said people need to learn to stop being envious of their friends, neighbors and especially things they see on social media and to be satisfied with what they have.
Her second point is to steer clear of debt. To be clear on this point, she defined debt.
“Debt is owing anything to anyone for any reason,” she said.
Cruze said people must develop good money habits.
“Debt steals your peace of mind,” she said.
She said debt limits your options in life and has you working to make payments and not build wealth.
“That’s what debt does; it has you looking through the rearview mirror instead of the windshield,” she said.
Her third point is to make a plan for your money by creating and using a budget.
“You need to get control of your money without it controlling you,” she said.
The fourth step falls in line with the third.
“Talk about money, even if it seems hard,” she said.
She said spouses have to be open and honest in all areas of money and not afraid to talk about it.
The fifth step is to save like you mean it.
“ Your savings is not only your buffer against life’s unexpected events, but it also allows you to retire comfortably and make sure your kids are prepared when they go to college,” she said.
Her sixth point is to think before you spend.
“ Believe me, I love to spend as much as anyone. That means I’ve got to be intentional and make sure I’m spending with a purpose,” she said.
The final point in her book is to give a little … until you can give a lot.
“Giving is the most impactful thing you can do with money. That’s why it’s so important to make a habit of giving, even if you don’t have a lot to give away,” she said.
Cruze said that growing up as the daughter of Dave Ramsey wasn’t what many might expect.
“It was always different than a lot of people assume,” she said. “There were no trust fund parties or marathon budget sessions. Mom and dad were very intentional with money but not obsessive about it.”
She said she was fortunate to grow up with the gift of knowing how to handle money. It helped her in college and as a speaker for Ramsey Solutions. She has been speaking in public about money since she was 15 years old and that is what she will be doing when she joins her father and other team members when they come to Houston Saturday, Oct. 22, for the Dave Ramsey’s Smart Conference at Grace Community Church.
The daylong event provides attendees with critical information to help them be smart in areas of life including money, marriage, parenting, retirement and personal growth.
Speakers for the Smart Conference include:
· Dave Ramsey: Personal finance expert, author of seven best-selling books, and host of “The Dave Ramsey Show,” Ramsey will talk about money and being intentional in all aspects of life.
· Rachel Cruze: New York Times best-selling author of Smart Money Smart Kids and the upcoming book Love Your Life Not Theirs, Cruze will speak about contentment and the steps to take financially to get there.
· Chris Hogan: Author of the best-selling book Retire Inspired and financial expert, Hogan will speak on preparing for retirement.
· Dr. Les Parrott: Award-winning author of best-selling books like High-Maintenance Relationships and The Control Freak, Dr. Parrott will speak on how to create a stronger marriage.
· Dr. Meg Meeker: Pediatrician, mother and best-selling author of Strong Fathers, Strong Daughters, Dr. Meeker will talk about parenting, teens and children’s health.
· Chris Brown: Host of the nationally syndicated radio show “True Stewardship” and former pastor, Brown will speak on giving and living a generous life.
· Anthony ONeal: Youth and money expert, ONeal will inspire the audience to get serious about their financial dreams and goals.
If you go:
Who: Rachel Cruze
What: Book signing for Love Your Life, Not Theirs
When: Oct. 12 at 6 p.m.
Where: Books-A-Million, Katy Mills Mall
If you go:
What: Dave Ramsey’s Smart Conference
When: Oct. 22 at 8 a.m.
Where: Grace Community Church, 14505 Gulf Freeway, Houston