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The Ramsey Show Highlights

My Spouse Wants To Spend My Inheritance

The Ramsey Show Highlights

Ramsey Network

Business, Education, Investing, Self-improvement

4.5839 Ratings

🗓️ 3 March 2024

⏱️ 4 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

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0:06.4

My father and grandfather passed away and I've inherited what my father would have received.

0:10.9

My husband and I are always arguing because I don't want to touch the money unless we purchase a house or invest it to secure our family's future.

0:19.0

We are not responsible when it comes to money. We have

0:21.8

saved an emergency fund of $10,000 and in less than seven months it was gone. My husband has always

0:26.8

wanted to start a business and now that we have a cushion, he wants to quit his job. I asked him to

0:32.2

build some of some clientele before quitting his job because I know that he will use the inheritance

0:39.5

to pay our bills and living expenses and I'm not okay with this. How do we move forward?

0:44.1

Well, I think Grace has a lot of wisdom here. She's first of all self-aware to say we are not

0:49.6

responsible with money. And then she says, I know he'll use this money to basically just live our life. And

0:57.5

that starting this business is not smart. He's got to build some clientele. And I would agree with that,

1:02.5

that you shouldn't just up and quit your job and then hope because you've got this fund over here

1:06.9

that you can blow. That's right. But the problem is grace is that there's obviously been a

1:11.0

pattern here that's occurred with how you guys live with money, the fact that you saved 10,000,

1:16.2

which is great, but then you spent it all. So the pattern of money is what needs to be addressed.

1:21.5

And so that can be, you know, pattern that you have, that your husband has. But either way,

1:25.8

that's the core of the issue here, is that

1:28.4

the way you guys have handled money in the past will repeat itself unless you guys change

1:33.6

course. And so that's what has to be addressed, in my opinion. Yeah, but how do we move forward?

1:38.5

It's more relational than it is financial. We don't know the amount of the inheritance. We don't

1:42.3

know if they have debt, their income, all of that. But I would hit pause on touching this inheritance for a long time

1:49.1

until we're on the same page. Yep. And the value system, that's what always gets couples. That's

...

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