The Rachel Cruze Show - Ranking Your Financial Habits Using Gen Z Slang

Starting point is 00:00:05 So money can feel really complicated sometimes, but today we're going to have a little fun because I work with a lot of Gen Z friends and they keep me young. They keep me young. And they always are teaching me new lingo. They'll say things and I'm like, what are you talking about? Like, what is this language you all are speaking? So today I'm going to be ranking your financial habits using Gen Z slang. Get ready, guys. It's going to be fun. Make sure to like, subscribe and share this episode with a friend or your friends. cool teenage daughter, so she thinks I'm awesome. All right, first up is mid. I'm going to do everything in quotes, air quotes, because I just feel like these aren't real words. So we got to like remember

Starting point is 00:00:45 proper grammar here, people. Mid, it is mediocre. So it's not bad, but it's not great. So I would say the money habit that's mid is just only investing in your 401K and not exploring other things that are out there. So again, it's not bad. It's great. We want to fund our 401K and that's awesome. other places you can invest your money, like a Roth IRA or index funds, or other just growth stock mutual funds or real estate. Like there's other places that we can be growing our money, not just our 401K. And sometimes, sometimes people take a really simplistic approach where they're like, I'll just do my employer match and that's all I'm going to do. So I'm just funding, you know, three, four, five percent of my money into retirement and that's it. Where what we teach is to get out

Starting point is 00:01:33 a debt, get a fully funded emergency fund, and then fund 15% of your income into retirement. So it's a lot more going in, which is great. And we don't just want our 401K. A Roth IRA is great. And again, going beyond the retirement investing too should be a goal. So again, index funds or a brokerage account or other options out there are great. So just investing in a 401k, we're going to say it's mid because there's some other things you're going to be doing. But it's really good. So it's great, it's very mid. Okay, next is Suss. This is short for suspicious.

Starting point is 00:02:09 So a money habit that is Suss is playing the credit card game to get points for traveling. So a lot of people love this. They love the credit card game. They feel like they're winning all the time and how great it is. And listen, do some people do it? Yeah, absolutely. But what we also see is a lot of people take one misstep and then they're toast. And it ends up becoming a snowball effect that takes not only their money because they're going

Starting point is 00:02:39 deeper and deeper into debt, trying to get points and airline miles. And at the same token, it's taking away their piece. It's taking away their autonomy. And they are playing games with the bank. So I'm going to say cess on this, even for the credit card industry, because the reason they're able to give out all these points and miles and cash back and everything is because they make so much money off of people who use credit cards and don't pay it off every month and pay the high interest on it and everything. So, you know, you're getting the luxuries and the

Starting point is 00:03:08 benefits because other people are having to pay an insane amount of money that, you know, on fees and interests where they're stressed and struggling, and then we get the benefits. And the whole thing is suss. I don't like it. I don't like it. So you guys, just use your debit card or cash, right? Put your debit card on your phone. You can do Apple Pay. You can pay on Amazon, all the things with the debit card. That means you are living in the present with your money, which is what we want. Right here, right now.

Starting point is 00:03:34 You pay for it, and it's done. You're not waiting on some bill at the end of the month. All right. Term number three, Delulu, which is just short for delusional. And I'm going to say sports betting is delulu for me. A lot of people love it. A lot of the dudes out there, like, oh my gosh, all this, all this.

Starting point is 00:03:54 And listen, I get it. If you got like a fantasy football league and everyone puts in like 50 bucks, you're like, whatever. I'm talking more like those guys that like, it's a lot of money on the line. It's a lot. And it's so hard for me to like understand it because you're not changing the game. Like you're not playing the game, right? Like if someone's like, Rachel, put money down to see if you can win a cornhole championship, right?

Starting point is 00:04:17 And I'm going to know, I'm not great at that. So I'm not going to put as much. Like I have the ability to know what I'm going to do, right? I have some control in the situation. But these are like 18, 19, 20-year-old children out there on a field that you don't know when you're putting on this money based on what they're going to do. And I don't like it. So if I'm going to gamble, I'm going to go play craps, maybe play the nickel slots. You know what I mean?

Starting point is 00:04:41 Like, I don't know. That's what I'm going to do. I don't understand the sports buddy. I don't get it. So I'm going to say it's to Lulu for me. All right. Number four, it's a positive. But queen.

Starting point is 00:04:52 I don't know how they may say it like higher. Go queen, yes queen. I don't know what the phrase is. They love queen. Working. And so when I heard this, I was like, oh yeah, if I were like, yes, queen, I would say that to someone who has no debt, someone that has a fully funded emergency fund, three to six months of savings in the bank. I would say that to someone who's funding retirement, if you're owning your home. I mean, there's a lot of things out there. And I'd be like, yes, queen, you are killing it. You are above par. you're doing great. I love it. All right, number five, it's all for my millennials out there because this was one of the first terms that I learned, like, out there in the world. And then

Starting point is 00:05:37 I used it, and I had people tell me that it's out now. And I was like, shoot, but it's the word chugie, which I just think is the funniest word. So it's basically like it used to be trendy, but now it's very uncool, right? And so we could probably put a lot of fashion stuff in the chugie category. But it's like it used to be great, but you're like 10 years behind. You know, you're just, yeah, you're not. So financially, y'all can get so, some of you aren't get so mad at me, prepare your hearts. I'm going to say what is chugie, especially for us millennials, MLMs. I'm sorry, I'm going to say it. Listen, we love a pampered chef party in the 90s. You know, there's some jewelry. I don't know. They're all out there. But I'm going to say, like, it's 2025, you know. Like, that's very,

Starting point is 00:06:20 by their 90s, you know, 20, 2011 vibes. But we are past that. So I don't know. I would say just get a side hustle. You know, don't be reaching out to your high school friends on Facebook that you haven't talked to. And you're like, hey, girl, I have been roped into some of the funniest conversations, not knowing that I was getting roped into it.

Starting point is 00:06:39 And I thought, you are reaching out to me because you are part of an MLM. So I'm not saying they're bad or wrong. And some of you that do them are going to hate me. I get it. I know. but I just think they're a little chuggy. I'm going to say it. All right, before I call out some cringe money behaviors, I do want to tell you about Christian health care ministries.

Starting point is 00:07:00 Traditional coverage often leaves people to face big bills alone. So families need more than coverage. They need community. And that's why I love Christian health care ministries. CHM is a budget-friendly, faith-based alternative to health insurance, and they've paid over $12 billion in medical bills. You guys, that is faith in action. And with CHM, there are no networks, no insurance headaches, and programs start at just $98 a month. So y'all, CHM is where your faith and your finances agree.

Starting point is 00:07:31 Go to CHministries.org slash budget to learn more today. All right. Number six is cringe. Oh, cringe. It's so cringe. It's very embarrassing. So cringe. And I'm going to say the crypto bros, they are financially cringed to me.

Starting point is 00:07:48 I'm so sorry, y'all. I'm so sorry. But man, they really take it on as a badge of honor and they talk, you know, talk their big game and all of it. And I'm just like, ah, it's just kind of cringe. Again, if they're diversified in their financial outlook and maybe it's a small part of it, that's great. But usually if you're like in that world, you are, you are all in, all in. And it's just a little cringe to me. All right. Number seven, it's a phrase. But the phrase is, weird flex, but okay. So this refers to someone who thinks they have something to brag about, but no one else thinks it's impressive. So I'm going to say having your credit score and your dating profile is a weird flex, but okay moment for me. Obviously, I'm not on dating websites.

Starting point is 00:08:37 I don't know, but apparently people put their credit scores out there. And I guess they're trying to show like, you know, I'm responsible with money. I have debt, but I pay it. you know, on time and my payments are up to date. Like, I'm doing good, you know, I'm very, I don't know. It's a good thing, right? And a lot of people chase this score as a badge of how great they're doing financially. But what's crazy is when you actually see how credit score is calculated, mathematically, it has nothing to do with the amount of money you have. It has nothing to do with your net worth. So you could have a great credit score and not really have a high net worth, or you could have like a billion dollars and no debt, and your credit score is going to be

Starting point is 00:09:18 not determined because you don't have debt. So it makes no sense. So again, it's a badge of honor people carry around, but I'm going to just say, I don't get it, but good for you. And number eight is no cap, no cap. This is when someone says no cap is like saying, I'm serious or no, oh, okay, so it's, I'm serious or no lie. No cap. So they're saying no cap. I don't get it. So I feel like I would respond with no cap. So in questions, my take on married couples combining finances. I'm saying, I'm not lying people.

Starting point is 00:09:56 Yes, sharing a bank account with your spouse really does help you. It helps you in your marriage. It helps you with building wealth and creating a household where there is unity. So no cap. I can't do that one. That one's tough for me to say. But you know what I mean. All right.

Starting point is 00:10:11 Number nine is sleigh. slaying, sleigh. So you are winning at life. So financially, I'm going to say a major sleigh. I don't know if that's all they use it, but sleigh is a paid-off house. For sure, no question, hands down, you are slaying if you have a paid-off house. And I just think, that's incredible, absolutely incredible. So if you are thinking, okay, that's not me right now, make sure to check out our get-started assessments so that you can start making progress with all of you. of your money, not just a paid off house, but all of it. So some of these things, if you're thinking, wow, I love sports betting and I'm not funding retirements. Maybe you should do this assessment,

Starting point is 00:10:55 right? Get on board. Start a plan. Actually start being in control of your money and doing something great with your income. Now, if you want a more in-depth picture of how you're doing financially, check out my episode seven signs. You're way above average. Shocking money stats. That's coming up next. or if you're listening on podcast, I'll put a link below. All right, you guys, remember to take control of your money and create a life you love.

The Rachel Cruze Show - Ranking Your Financial Habits Using Gen Z Slang

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