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You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth and outrageous generosity. Scott starts this hour in Springfield, Illinois.

Hey Scott, welcome to the Ramsey Show.

Hi Dave, it's an honor to be talking to you and Ken.

I appreciate you guys and what you do and I'll get right in my question.

Okay. So I don't hold you guys up. My question is me and my wife and my five kids

we have a 40 acre farm in a log cabin that we just recently sold.

It's under contract, we signed the papers January 19th.

What we're looking to do is with the cash we get from that. We plan on building a new place over on an acre and a half that we were gifted.

And we're trying to figure out where to put the money and why we build and the

build would start, you know, January 19th closing, so more or less we would try to be in there by September 1st is the goal to have everything done and built.

I'm being general contractors and just trying to figure out where we can put that money that have best access to it.

You're going to use the money to build with?

Yes, use the money. We have no debt. We have no debt at all. We are our farm and cabin and everything we have now

thanks to you guys. So if I'm understanding you you're going to use up the

majority of the money by September? Yes, correct.

So you're going to draw down on it beginning almost immediately.

And you know, as you put in footings and start to lay block and start to order your lumber package, which is, as as you know is your one of your big ticket items

So I mean in the first 60 days you're gonna come out of pocket with a ton

Right, yeah, correct, correct. Yes. That's how building budget works. So yeah, I would just lay out your budget and you know a high yield savings account of money market is something like that, it doesn't matter because you're not going to have the money in there.

Basically you're going to have the equivalent of half this money in there for nine months,

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