I Just Inherited $1,500,000 (I’m 22)

The Ramsey Show Highlights

Ramsey Network

Business, Investing, Education, Self-improvement

4.5 • 839 Ratings

🗓️ 23 August 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	Brought to you by the Every Dollar app.
0:04.3	Start budgeting for free today.
0:06.8	I just inherited about $1.5 million.
0:10.8	Wow.
0:11.2	And I'm getting married in a little over three months,
0:16.1	and so I want to know if I should get a pre-up or not.
0:19.3	Wow. How old are you?
0:22.2	I'm 22.
0:23.6	Whoa.
0:24.9	Where'd the money come from?
0:27.2	My grandpa was a successful businessman and, like, hardware stuff.
0:32.5	And so I have, like, he had about half a million dollars in stocks and then he loaned his business
0:40.1	about a million dollars and so I get loan repayments on that and then he owned his business
0:45.3	building and then my mother's house and just various accounts they have.
0:51.4	Are you getting cash, one point million dollars cash?
0:54.8	No, no, she's getting half million cash and then payments on a million.
0:57.2	Through all the rest. Yeah, so half a million in cash, half a million in stocks, and then the
1:02.7	rest in business notes mostly. Yeah. Okay. Before this happened, did you have any money?
1:10.0	I was pretty good with my money and had a pretty... How much money did you have before this happened, did you have any money? I was pretty good with my money and had a pretty...
1:12.8	How much money do you have?
1:13.8	Did you have before this happened?
1:15.8	I had $10,000.
	...

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