How To Invest a Large Sum of Inherited Money

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 6 December 2024

⏱️ 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 sponsored by SmartVestor. Connect with an investing pro for free at ramsysolutions.com slash invest.
0:14.7	You're listening to Ramsey Everyday Millionaires, where we talk investing, retirement, building wealth, and outrageous generosity.
0:22.9	Anson is joining us in Wichita, Kansas.
0:25.4	Anson, how can we help?
0:26.9	How's it going?
0:27.8	Good. How are you?
0:28.8	Not too bad.
0:30.3	So, recently my grandfather passed away, and he worked for Boeing and NASA for about 35 years.
0:38.0	He was also in the United States Army.
0:40.0	And when he passed away, when his will was read out,
0:42.9	he left me and my two older brothers,
0:45.2	a very hefty sum of $3 million in his will,
0:49.2	along with equal shares of his estate in Miami.
0:55.0	Wow.
0:55.5	Three million each?
0:57.5	Three million each, yes.
0:59.2	Wow.
1:00.4	And I have absolutely no idea what to do with that kind of money.
1:03.7	I think the biggest paycheck I've ever seen was like $2,500 for two weeks.
1:08.6	And I have no clue to do with it? Uh, I, I got it, uh, back in
1:14.6	July and I don't get to touch it until I'm 21. That was part of the agreement was when I
1:20.2	turned 21, then I get full access to the fund. How old are you now? I have, I'm 20. I turned 21 May.
	...

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