How Do I Help My Dad Invest His $1.3 Million?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 5 December 2025

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	This episode is brought to you by SmartVestor.
0:07.9	Connect with an investing pro near you at Ramsey Solutions.com slash SmartVestor.
0:13.9	Martin is in Savannah, Georgia up next.
0:16.1	Martin, welcome to the show, man.
0:17.4	What's going on?
0:18.2	George and Rachel, awesome to talk to you guys.
0:20.0	Thank you so much.
0:20.9	Yeah, you as well. How can we help?
0:22.5	Awesome. All right. So this call is actually, I'm looking to help my dad out.
0:27.9	My dad has $1.3 million net worth that is $500 in a house paid for, $400 in a money market.
0:36.2	He's got $200 in a thrift savings plan, and he's got
0:38.8	$200 in checking. He lives very frugal. He's by himself. My mother passed away in 2008.
0:45.9	He has four forms of income, government retirement, the required minimum distribution, his social
0:51.0	security, and a VA disability that he doesn't even touch all of that throughout
0:56.4	the entire.
0:57.7	How much is that for month?
0:59.8	I don't know exactly, but it is well, well enough for him to live off of.
1:03.7	And he is just adding to his money market, his checking account.
1:07.5	It just continues to grow.
1:08.5	But he has nothing in any sort of investment.
1:11.5	He is 80 years old. His health is not great. We recently moved him near us so my wife and I
1:18.4	can take care of him. And the other day, I was talking to him, and he mentioned, hey, I think
	...

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