Episode 87: Creating Financial Freedom by Saving only 25 Cents per Month

In this podcast episode, Vangile interviews Ricardo McRae and shares a powerful story of transformation, highlighting the importance of shifting your mindset for financial success.

In this episode Ricardo discusses essential money principles, such as the Rule of 72 and key milestones for financial growth, starting from saving as little as 25 cents.

He shares invaluable insights and actionable steps to help people unlock their potential, build generational wealth, and embrace a new paradigm of money mastery.

Throughout the conversation, Ricardo emphasizes the importance of habits over the amount of money earned, stressing the role of consistent saving habits in wealth-building. 

He explains how understanding interest can accelerate your journey to financial empowerment and why viewing money as energy can transform your relationship with wealth.

You may want to get a pen and paper to take notes.

Tune in!

 

During this episode, you will learn about:

 

02:18: What is money to you?

04:33: Money as energy, transitioning careers

07:18: Leaving a job, reevaluating money's role

12:05: Societal pressure on men, self-worth and money

17:33: Self-awareness and honesty in relationships

26:32: Changing your money story and looking at your bank account

32:30: Saving 25 cents a month

39:07: Understanding money's rules, separating creativity

48:17: Understanding your personal thinking around money

59:45: Understanding the alphabet of money and the rule of 72

01:03:07: Building a team and getting employees

01:09:58: Money is the hardest working thing

01:13:28: Developing good money habits

01:15:00: Contact Ricardo here: https://linktr.ee/ricardomcrae 

Notable Quotes 

 

1. "Life is a buffet, and everything is available to everybody."

 

2. "A movement without money is just angry people screaming."

 

3. "Money is a tool, and you're going to use it to create more green products and green services and jobs and help women."

 

4. "Money is the hardest working thing on Earth."

 

5. "You have to save money, and money will save you."

 

6. "Money shows up every day and says, 'Hey, what do you want us to do today?'"

 

7. "It's not hard work; it's the habits."

 

8. "You have to take the actions. A very wealthy man told me this once."

Additional money resources:

 

Money Magic course: https://www.wealthy-money.com/moneymagic 

Bank Account Challenge: https://wealthy-money.com/bankaccount 

Wealthy Money Mastermind: https://www.wealthy-money.com/mastermind

7 Day Tapping into Ancestral Money Wisdom Training: https://wealthy-money.com/training

Next Level You Journal: wealthy-money.com/joournal

Let’s connect on Instagram: https://www.instagram.com/vangilemakwakwa/