What’s the Wisest Way To Handle an Inheritance?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 13 May 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	What's up guys, George Camel here?
0:01.5	On May 21st and 22nd, Dave Ramsey and I are hosting a brand new virtual event called
0:06.6	Investing Essentials.
0:08.0	Because investing can make you wealthy if you do it the right way.
0:11.1	And that's why we'll cover 401k's mutual funds and
0:14.4	Dave's personal strategies for investing in real estate. You can even send in your
0:18.4	questions while you watch from the comfort of your own home so get your
0:21.6	tickets today at Ramsey Solutions.com
0:24.2	every day investing. That's Ramseyester. Connect with an investing pro for free at
0:38.8	Ramsey Solutions.com slash invest. You're listening to Ramsey Everyday Millionaires, where we talk investing, retirement, building
0:49.2	wealth, and outrageous generosity. Mike is in Los Angeles.
0:54.0	Hey Mike, welcome to the Ramsey show.
0:56.0	Thank you so much for having me, Mr. Ramsey, how's it going?
0:59.0	Better than I deserve.
1:00.0	What's up?
1:01.0	Well, my wife and I have been doing, we're okay, I think so. Anyways, you've got about
1:06.4	200 and savings. Our house is valued at probably around 85875. We owe 400 on it. We have a business. We work for ourselves as a contractor and we recently inherited some money as well as some property and looking for some direction on where to go with the property.
1:26.5	It's a multifamily property across the country in New York as well as several mortgage notes each month and we're not sure if
1:36.9	we should liquidate the mortgages sell the so the building and move closer to
1:40.9	home that that's kind of where we're at. Wow. What do you make
1:46.2	a year? An optional home. It varied between 150 to 300. Okay cool.
1:52.4	What what what who passed away? 150 to 300. Okay, cool.
	...

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