How Do I Invest My Inheritance to Replace My Income?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 24 November 2025

⏱️ 9 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 SmartVester.
0:08.0	Connect with an investing pro near you at ramsysolutions.com slash smartvester.
0:13.8	Lynn is in Eugene.
0:15.4	Oregon up next.
0:16.1	What's going on, Lynn?
0:17.6	Hi.
0:18.6	I'm 75.
0:20.2	I quit my job to take care of my mother who had dementia the last seven
0:24.2	years. Oh, wow. And yeah, it was, I'm glad that I did it. But I find that, and I did get an
0:33.1	inheritance when I was caring for her. She had money, and it was bringing in 1,200 a month,
0:41.3	and then we had her Social Security, and then my Social Security of 1,055.
0:46.3	And so now that she's passed, I have inherited half of what was invested, which is $105000, sorry, $105,000.
0:55.0	I've never invested before.
0:57.1	I'm very frugal.
0:58.3	I began tithing when I read the Bible and became a believer 47 years ago, and I'm a
1:04.5	weirdo, I suppose, as far as I've counted on God for things, and there have been
1:08.2	miraculous provisions like an inheritance that paid off
1:11.2	my house a year before my husband left me and my seven kids. So I've kind of, I've, and I've
1:17.2	always worked, I've never depended on others. And I mean, there have been gifts of love occasionally
1:22.3	through the years. But my point is this, it's hard for me to ask for, like, wisdom.
1:29.5	I mean, I'm asking for wisdom.
1:30.8	I need it because I've never invested.
	...

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