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The Ramsey Show Highlights

Take An Early Inheritance To Move Closer To Family

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 22 March 2025

⏱️ 4 minutes

🧾️ Download transcript

Summary

📈 Are you on track with the Baby Steps? Get a Free Personalized Plan 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 💵 Start your free budget today. Download the EveryDollar app! 🏘️ Free Tools & Resources to Reach Your Home Goals - https://ter.li/pauy7c 📞 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 🪑 Front Row Seat with Ken Coleman 📈 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

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0:00.0

Brought to you by the Every Dollar app.

0:04.3

Start budgeting for free today.

0:06.0

So my wife and I recently had our first child.

0:10.5

She is a daughter, which is obviously awesome.

0:13.5

Thank you.

0:15.0

And my parents live in Columbus, Ohio, which is about an hour and a half away.

0:24.7

And naturally, they would like to see us and their grandchild more.

0:31.3

Um, we are looking to upsize our home and we were looking in the Dayton area originally because cost of living, we can afford it.

0:33.8

They then offered to give us an additional, the difference between the, between the prices of the home and Dayton to Columbus that would go towards our down payment, making it affordable if we moved to Columbus.

0:47.9

That sounded good. It would be a gift, not like a loan.

0:51.1

But then they mentioned that they would have to make it even and change the

0:55.7

will slightly so that money was even with my siblings. So I got an extra 100,000. My brother would

1:02.4

get 100,000 on the will, et cetera. So then I started booking it as like an interest-free loan

1:07.5

against myself in the future. You're saying because if you had received it as inheritance, you would have done what with it?

1:17.7

Well, it's not that I would have received it to inherit it, I would have done anything with it.

1:21.0

It's just that it looks like I'm borrowing from my inheritance, which is weird because my

1:25.3

wife and I worked really hard not to be indebt at all.

1:28.0

Well, I wouldn't think of it as borrowing.

1:29.7

You're just getting a piece of it earlier.

1:31.6

Yeah.

1:32.1

For something that you want to spend it on.

1:35.4

It's not alone.

...

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