Should I Give My Daughter Money To Buy a House?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 28 February 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	This episode is brought to you by SmartVester.
0:08.0	Connect with an investing pro near you at Ramsey Solutions.com slash SmartVester.
0:13.8	Patrick's in Orlando.
0:15.2	Hey, Patrick, what's up?
0:16.9	Hey, guys.
0:18.6	So the situation is my wife and I, my wife and I are 67 and we've got 2.8 million in four different mutual funds.
0:28.4	Way to go.
0:29.2	Free. Thank you. Thank you. We're debt free. And we got an offer we couldn't refuse on our business.
0:37.0	We closed December 11th.
0:39.3	We get 575 cash and we hold a note for five years for 300.
0:44.3	So that brings me to the question because I've got a daughter that lives in Austin, Texas,
0:50.3	and she and her husband have been married for 20 years,
0:56.7	and we have a beautiful grandchild,
1:00.4	and they're saving for a house.
1:01.6	They're also debt-free.
1:03.0	They're doing everything right.
1:07.3	They're both teachers, and they want to get a house.
1:10.1	And they're saving like crazy. Two rounds of IVF to get Julia here pretty
1:15.2	much wiped out their savings. And they're trying to come back for that. And I'm thinking,
1:20.1	you know, December 11th, I collect 575. I could probably, you know, give them the money for a pretty
1:26.7	nice house in Austin with that 575.
1:30.5	Mm-hmm.
	...

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