I Just Got $200,000. What Should I Do With It?

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5 • 840 Ratings

🗓️ 14 February 2026

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	Brought to you by CHO, a budget-friendly faith-based alternative to health insurance.
0:07.6	CH Ministries.org slash budget.
0:10.4	We're about to receive $200,000 from a trust from my grandparents.
0:16.6	We owe about $30,000 on the car, so we were going to pay that off and then put about 30,000
0:23.1	into an emergency fund.
0:24.1	So we'll have about 140,000 left over.
0:28.1	So we were wondering, should we put that all towards the house?
0:33.0	Should we invest some of that?
0:34.6	A quick little add on is we don't know that we want to stay in this house long term.
0:41.2	So we're just trying to have the best way to move forward with that leftover money.
0:45.7	Yeah.
0:46.2	Well, you're speaking very wisely and you're filtering this through the baby steps,
0:49.7	which is let's knock out the debt first.
0:51.3	Let's make sure we have savings.
0:52.8	And then we can explore the
0:54.4	options from there are you guys currently investing um yes went into our retirement bubble my
1:01.3	husband is he puts about 7% in my and then his employer matches at 3 and a half percent
1:07.6	i'm currently not like employer does contribute 11 percent for me.
1:13.6	So you guys would be in Babyset 4, 5, 6. You already have a home, you have a mortgage. What's
1:19.5	left on that?
1:20.6	320.
1:21.6	320. All right. So is the trust available now?
	...

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