For Rachel Cruze, growing up as the daughter of Dave Ramsey was a powerful character building experience that helped her establish good habits early in life. She wrote about those lessons in her book Smart Money Smart Kids, co-authored by her dad, which debuted at #1 on the New York Times best-sellers list.

Rachel is now a seasoned communicator and presenter who has been speaking to groups as large as 10,000 for more than a decade. She uses those early experiences from growing up in the Ramsey household to educate America’s students and young adults on how to handle money and stay out of debt.

Three takeaways from this interview: Rachel didn’t always do right by her money. She shares her biggest money mistake. Rachel talks about how having a higher income doesn’t always fix problems. And How to NOT to raise lazy, entitled kids.

For the full transcript go to SoMoneyPodcast.com.

If you’d like to learn more about Rachel Cruze, visit her website www.rachelcruze.com and follow her on Twitter @RachelCruze.

Our favorite quote from the interview: “I look at money as kind of a magnifying glass. It makes you more of what you already are.” – Click to tweet