As the daughter of the bestselling personal finance author Dave Ramsey, Rachel Cruze says she learnt wealth management from a very young age.
Today, she is a best-selling personal finance author who often co-hosts “The Ramsey Show” with her father.
Related: Dave Ramsey calls crypto investors ‘dumb’ in rare outburst
Cruze warns against crypto, sports betting
On June 28, Cruze appeared on Fox Business with a direct message for young adults: stop chasing quick money.
Speaking particularly to men in their 20s, she called out the “quick wins” culture spreading across sports betting, cryptocurrency trading, and real estate.
“One mistake that we see young adults making constantly, honestly, and it’s driving me crazy, is online gambling or quick wins to wealth building—things like crypto or getting into real estate when they shouldn’t,” the “The Ramsey Show” co-host said.
The social media accounts of youngsters are flooded with advertisements and influencers pitching get-rich-quick schemes tied to crypto trading or real estate, Cruze highlighted.
It is mostly young men who are throwing their money away to betting which is taking down a generation economically, she underlined and warned against such trends.
“If anything seems too good to be true, it probably is,” Cruze issued a blunt warning to youngsters.
The personal finance author instead recommended the old-school way of long-term wealth management as the key to financial freedom. Saving money, debt management, and investing are still the cornerstones of wealth creation, she argued.
The young people seek instant gratification and quick money because they remain glued to social media and eventually fall into peer pressure when they see others’ achievements like new homes, promotions, and vacations.
Cruze advised young adults to focus on themselves and not compare themselves to others.
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Dave Ramsey himself recommends a long-term approach to wealth management and advises against quick-rich schemes. He is particularly critical of cryptocurrencies, once even comparing them to “toilet paper.”
Those investing in crypto confuse speculating with investing, he once argued, because speculating is short-term but investing is long-term.
Those who can’t see the risk in crypto investing are “dumb,” he had warned.
Related: Dave Ramsey compares crypto craze to toilet paper
This story was originally published by TheStreet on Jun 29, 2026, where it first appeared in the Personal Finance section. Add TheStreet as a Preferred Source by clicking here.
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