Rich Girl Roundup: What Would We Do With An Inheritance?

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.8 • 1.3K Ratings

🗓️ 1 May 2023

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Whether you receive an inheritance or win the lottery, they can both be treated like receiving new income. Katie and Henah chat through what they would do with a big lump sum, including paying off debts, investing in experiences and companies, and if Katie would continue to rent. 👀 Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week. - Mentioned in the Episode Inheritance taxes: https://turbotax.intuit.com/tax-tips/estates/what-are-inheritance-taxes/L93IUc3sC Estate taxes: https://www.irs.gov/businesses/small-businesses-self-employed/estate-tax Treading lightly on unexpected income: https://podcast.moneywithkatie.com/how-to-deal-with-unexpected-expenses/ - Read Money with Katie: https://moneywithkatie.com/ Follow Money with Katie! Instagram - https://www.instagram.com/moneywithkatie Twitter - https://twitter.com/moneywithkatie TikTok - https://www.tiktok.com/@moneywithkatie Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	But I think you've also talked about, like, there are lots of families that have received
0:06.8	that kind of inheritance, and then they fritter it.
0:09.9	Fritter it?
0:10.9	Fritter it?
0:11.9	Fritter it?
0:12.9	We fritter it.
0:13.9	Fritter it?
0:14.9	Oh, why?
0:15.9	Frittering it.
0:16.9	Yeah, you made up a new word, frittering.
0:20.9	Frittering.
0:21.9	What?
0:22.9	Welcome back, rich girls and boys.
0:28.7	To the rich girl round up weekly discussion of the money with Katie Show, I'm your host,
0:33.5	Katie Gatti Tossan, and every Monday morning, we will dig into an interesting money discussion.
0:40.3	Here's a quick message from the sponsors of this segment.
0:49.5	Before we get into it, this week's upcoming main episode is our updated How to Travel
0:55.7	for Free Breakdown, so it's like our travel rewards deep dive for 2023, featuring a former
1:04.5	the points guy, senior editor.
1:06.3	So we basically brought in the big guns and said, how have we fact check our strategy here
1:11.3	and see how it's evolved?
1:13.1	So I'm excited.
	...

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