My Dad Has Hoarded $500,000 in Cash...How Do I Help Him?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 27 November 2020

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Chris Hogan, Christy Wright, Anthony ONeal, and Dr. John Delony. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Friday, and this is the Ramsey Call of the Day, part of the Ramsey Network.
0:06.7	Joining me today is Ramsey personality, Rachel Cruz.
0:11.9	James is with us in Nashville.
0:13.8	Hi, James.
0:14.4	Welcome to the Dave Ramsey Show.
0:16.9	Thank you, Dave.
0:17.6	How are you?
0:18.2	Better than I deserve.
0:19.4	What's up?
0:20.4	Hey, I have a father who's a long-time believer in keeping the cash nest egg.
0:28.2	Unfortunately, he's pretty elderly now, and that nest egg has grown north of 500K.
0:36.1	So I'm wondering, what do I do with 500k of $100 bills when he passes?
0:45.4	He's 87 now.
0:48.3	And, you know, it's legitimately earned.
0:50.7	He's run a business his entire life.
0:52.5	He's put back a little bit of money every month and never spend it.
0:57.4	And here I am in this dilemma.
0:59.7	Yeah.
1:00.8	Who do you bank with?
1:04.4	I bank with regions.
1:06.5	Okay.
1:07.1	Good.
	...

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