Rachel Cruze House: Rachel Cruze is a personal finance expert and author who helps people learn how to live a life of financial freedom and happiness. She is the daughter of Dave Ramsey, the famous radio host and author of The Total Money Makeover. She is also the co-author of Smart Money, Smart Kids and Love Your Life, Not Theirs, and the host of The Rachel Cruze Show.
In 2019, Rachel Cruze and her husband, Winston, built their dream home in Franklin, Tennessee. They paid for their new home in cash, following the principles of financial freedom and debt-free living that they teach and practice. They also shared their home building journey and their personal finance tips on their website and social media.
In this article, we will take a look at Rachel Cruze’s new home, and learn how she and her husband paid for it in cash, and how they saved and budgeted for their home. We will also get some insights and tips from Rachel Cruze on how to balance your needs and wants when buying a home, and how to live a life of financial freedom and happiness.
Features and Details of Rachel Cruze House
Rachel Cruze’s new home is a stunning and spacious house that reflects her style and personality. It’s located in a beautiful and peaceful neighborhood in Franklin, Tennessee, a suburb of Nashville. It has a size of 6,000 square feet, and a price of $2.4 million. It has four bedrooms, five bathrooms, a three-car garage, a pool, a fire pit, and a playground.
The style of Rachel Cruze’s new home is a modern farmhouse, with a mix of rustic and contemporary elements. The exterior of the house is white with black accents, and the interior of the house is bright and cozy, with neutral colors and natural materials. The house has many custom and unique features, such as a sliding barn door, a shiplap wall, a brick fireplace, a wine cellar, a coffee bar, and a walk-in closet.
ouse also has many amenities and conveniences, such as a smart home system, a security system, a laundry room, a mudroom, a pantry, a bonus room, and a home office. The house is designed to be comfortable and functional, as well as stylish and elegant. House is also decorated with personal touches and meaningful items, such as family photos, artwork, books, and souvenirs.
How Rachel Cruze and Her Husband Paid for Their New Home in Cash
One of the most impressive and inspiring things about Rachel Cruze’s new home is that she and her husband paid for it in cash, without taking out a mortgage or a loan. They did this by following the principles of financial freedom and debt-free living that they teach and practice. They also did this by saving and budgeting for their home, and by making smart and intentional decisions.
Rachel Cruze and her husband started saving for their new home in 2015, when they sold their previous home and moved into a rental house. Saved 100% of the proceeds from the sale of their previous home, and they also saved 35% of their income every month. They also invested their savings in mutual funds, which grew over time. They also lived below their means, and avoided spending money on unnecessary or extravagant things.
Rachel Cruze and her husband also budgeted for their new home, and set a realistic and reasonable price range for their home. They also did a lot of research and planning, and worked with a trusted and experienced team of professionals, such as a realtor, a builder, an architect, and a designer. They also negotiated and communicated well, and made sure that they got the best value and quality for their money.
Insights and Tips from Rachel Cruze on How to Save and Budget for a Home
Rachel Cruze is not only a personal finance expert and author, but also a home owner and a home builder. She has learned a lot from her home building experience, and she has shared her insights and tips on how to save and budget for a home on her website and social media. Here are some of the insights and tips from Rachel Cruze on how to save and budget for a home:
- Start saving early and consistently: The sooner and the more you save, the easier and faster you can reach your home buying goal. You can start saving by setting aside a percentage of your income every month, or by saving a lump sum of money from a windfall or a bonus. You can also save by cutting your expenses, increasing your income, or selling your stuff. You can also save by investing your money in a safe and diversified way, such as in mutual funds or index funds.
- Set a realistic and reasonable budget: The budget for your home should be based on your income, your savings, your debt, and your lifestyle. You should not buy a home that is more than 25% of your take-home pay, or that is more than three times your annual income. You should also not buy a home that will put you in debt or that will prevent you from saving for other goals, such as retirement or college. You should also not buy a home that will make you house poor or that will stress you out.
- Balance your needs and wants: The home that you buy should meet your needs and wants, but you should also be flexible and realistic. You should prioritize your needs and wants, and rank them from the most important to the least important. You should also compromise and sacrifice on some things, and be willing to adjust your plans and expectations. You should also be grateful and content with what you have, and not compare yourself with others or fall for the pressure or the hype.
We have taken a look at Rachel Cruze house, and learned how she and her husband paid for it in cash, and how they saved and budgeted for their home. We have also gotten some insights and tips from Rachel Cruze on how to balance your needs and wants when buying a home, and how to live a life of financial freedom and happiness.
If you want to learn more about Rachel Cruze and her new home, you can visit her website at https://www.rachelcruze.com/, or follow her on Instagram at @rachelcruze, or on YouTube at The Rachel Cruze Show. You can also check out her books, Smart Money Smart Kids and Love Your Life, Not Theirs, for more advice and inspiration on personal finance and home building.