meta_pixel
Tapesearch Logo
Log in
The Ramsey Show Highlights

My Parents Are Gifting Me $20,000 (Should I Accept It?)

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5840 Ratings

🗓️ 19 September 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

📱Download the free Ramsey Network app today! 💵 Start your free budget today. Download the EveryDollar app! Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Brought to you by the Every Dollar app.

0:04.3

Start budgeting for free today.

0:06.6

My fiancé and I are getting married in a couple of months.

0:09.2

You're cool.

0:09.4

And my, yeah, thank you.

0:12.4

And my parents just gifted us $20,000.

0:16.5

And it's just a gift for future down payments for all the house or just extra support for the wedding.

0:22.9

I got a high five when I got engaged.

0:25.2

You got $20,000.

0:26.7

That's incredible.

0:27.4

I got a buffet, Chinese buffet rehearsal dinner at the Chinese buffet.

0:34.1

Good on you, Timothy.

0:36.3

Thank you so much. And although I'm very grateful for the gift,

0:40.9

I'm not sure if I feel comfortable with it just because my parents don't have a really good

0:45.7

retirement plan set up for themselves. And so for me, I feel very hesitant. And so for me,

0:52.6

I'm not quite sure what to do with it. Interesting. So you're like,

0:56.3

hey, you guys can't afford to give me this $20,000, essentially. Yeah, pretty much. And I just feel like

1:02.8

it's, it would be better if they held on to it. And, you know, of course, for me, I feel so grateful

1:07.7

because they're very generous parents. They always have been their whole lives, and they've been saving up all this money for this moment.

1:15.9

But for me, I know that financially they're not really set up well.

1:19.9

And so for me, I feel a little burden by it.

1:22.9

And so I'm not quite sure I've been wrestling with this.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.