You’re Hell-Bent on Getting Rich Quick (Hour 1)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 13 March 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Dave Ramsey & George Kamel answer your questions and discuss: The best way to use an inheritance, "When do you have to pay capital gains tax?" from the blog: What Is Capital Gains Tax? Why you should hardly ever put money in CDs. from the blog: What Is a Certificate of Deposit (CD)? Support Our Sponsor: Zander Insurance Churchill Mortgage PODS Moving & Storage Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Take our FREE 3 minute assessment: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

Click on a timestamp to play from that location

0:00.0	Right?
0:25.4	Live from the headquarters of Ramsey Solutions, broadcasting from the pods of
0:32.3	moving and storage studios, it's the Ramsey Show where we help people. Build
0:38.2	wealth, do work that they love and create actual amazing relationships. George
0:45.0	Camel Ramsey personality is my co-host today as we answer your questions about
0:49.4	your life and your money. It is a free call and some say the advice is worth
0:53.0	exactly what you pay for it. The phone number, triple eight eight two five five
0:57.7	two two five. Steven starts this hour in New York. Hi Steven welcome to the Ramsey
1:02.9	Show. Hey Dave thanks for having me on I appreciate it. Our pleasure how can we
1:07.6	help? So pretty much I am coming into a large inheritance and I want to know
1:15.1	more sense of guidance and strategy on this particular subject because I
1:20.6	want to maximize this amount of money. You know I'm very familiar with the
1:25.5	philosophy that I have and I agree with a lot of it. It just seems like I want
1:31.0	to be able to turn this into generational wealth and sustainability for my
1:36.1	family. So I was just trying to get your opinion on that. How much did you are
1:42.2	you're getting as an inheritance? It seems to be upward to 700,000 around there.
1:47.6	Wow who passed? It's going to be my life's grandfather. I'm sorry.
1:55.0	And so how old are you? I'm 32. You're 30? 32. 32. 32. Okay. What's your
2:08.6	net worth? Roughly I would say around 300,000. Okay. So safe to say you
2:16.3	haven't managed to allarge some of money in your lifetime. No nothing of this
2:21.4	magnitude. I've you know pretty much achieved everything on my own. But
2:25.9	something like this I want to be able to scale and you know take my life to a
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.