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The Ramsey Show Highlights

I Got $3,100,000 From My Divorce

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5840 Ratings

🗓️ 2 November 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought to you by the Every Dollar app. Start budgeting for free today.

0:06.6

I just went through a divorce or finalized it recently. It took a while. And I've been a stay-at-home mom

0:12.8

during my entire marriage for the past 14 years. Anyway, I got what I consider a pretty good amount of money. I'm just curious. I don't

0:24.3

really know what to do with it. I let my ex-husband handle every single bit of finances. I never

0:28.7

knew how much money we had or anything. So...

0:32.9

How much are you getting? Well, there's a couple components to it.

0:38.0

I got a check for $1.1 million.

0:40.4

Okay.

0:41.7

I got a 401K for $715,000.

0:45.7

Okay.

0:46.3

And then $15,000 per month for the next seven years.

0:52.9

Okay.

0:53.7

How old are you? I'm 40. Okay. So you've got a guaranteed income

0:59.8

for the next seven years. That's nice. Okay. Okay, great. So tell me your question. Okay, so my question is,

1:10.2

I'm completely debt-free.

1:11.9

I also don't own a home because I just got divorced.

1:15.9

Okay.

1:17.2

So you need a place to live?

1:19.7

Right.

1:20.1

I'm renting right now, which is $3,600 a month, which I feel like is really expensive.

1:24.9

It is.

1:26.6

It's also all bills paid. So my question, I guess like is really expensive. It is. It's also all bills paid.

...

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