We’re About To Receive $1,000,000
The Ramsey Show Highlights
Ramsey Network
4.5 • 840 Ratings
🗓️ 6 March 2025
⏱️ 9 minutes
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| 0:00.0 | brought to you by the every dollar app start budgeting for free today this fall uh my wife and |
| 0:08.7 | i will be coming into a significant amount of money um it'll be like probably a million after taxes |
| 0:14.5 | wow wow what's what's going on and and so I want to be smart about it. |
| 0:24.9 | My wife and I kind of disagree about this. So she wants to move. |
| 0:26.6 | There's an area of our city that she really wants to move into. |
| 0:30.3 | It's incredibly expensive. |
| 0:31.8 | I know where you're talking about. |
| 0:33.8 | If you're in Charlotte, I know. |
| 0:35.3 | Yeah. |
| 0:35.9 | Yeah. |
| 0:36.5 | So our neighborhood doesn't have very many kids and our oldest has no one his age. So that's a big portion of why we want to move. How old is it? We owe about 182 on our house. Kevin, Kevin, Kevin. Kevin, Kevin. You're going so fast. We've got a couple of questions for you. I'm sorry. No, no, you're doing great. How old is your child? |
| 0:58.1 | My oldest is 11. |
| 1:00.1 | Okay, so we've got 11 years old. And then Howard, what is creating this windfall? What's the one million coming from? |
| 1:06.9 | My wife, she's a rock star, and so she's selling, or she's moving a book of business to a different institution. Okay, correct. That's one of her incentives. Okay. Okay, so this is, so this is considered income. This is not an inheritance. That's why I asked that. Correct, correct, yes. That's a big deal. So tell me more about the numbers. You want to move. |
| 1:29.1 | You gave me the reasons why. I don't know how good those reasons are, but I digress. |
| 1:32.9 | Tell me the numbers so we can see this makes sense. Okay. So we owe about 182 on our house. |
| 1:41.6 | We bought it for $1.065. What's it worth? It's now, it's now probably |
| 1:47.0 | worth about $700 on the low end, I would say. It does need a renovation. We've, we bought it |
| 1:53.9 | when we had nothing. It was kind of an up-and-coming neighborhood and it was just exploded. So |
| 1:57.7 | our mortgage right now is about $1,700. I could rent it as is probably for about |
| 2:02.2 | 2,700. I wouldn't do that. Keep rolling. Okay. So, and basically that's, that's kind of what I want to |
| 2:10.9 | know is, is I, I kind of want to keep the house because I think it would be, it'd be a great rental. |
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