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Inherited $400,000, What Should I Do With It?

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Not smart And inheritance came at the same time? Are those banjo I hear in the backround
Comment from : @michaelpaliden6660

My probably ignorant advice would be: pay off all the small debts first and not the mortgage This way you keep a large amount you can invest and have that money work back to you with compounded interest Them with your income not going to all the things you just paid off, Put that towards your mortgage This way you have an emergency fund if needed
Comment from : @dennisjames8499

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money I started investing with $150k and in the first 2 months, my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and get more interesting For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Comment from : @caseycantrell-gh6fg

Words of wisdom from Dave 👍❤️ I would talk to Dave before I would do anything with that money
Comment from : @kryptoniterocks8245

Complete waste of my time "Pay off your debt" There Saved you 5 minutes
Comment from : @Asherons

Would be great to know what this 400K turned into within 5 years 😊
Comment from : @Kakanato

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money I started investing with $120k and in the first 2 months , my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and gets more interesting For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Comment from : @SuoncyCharlotte

If she had put in bitcoin she would have been fabulously wealthy!😂😂
Comment from : @howardwilliams2925

Forget the debt Pretty sure you need to shrink your bills so the job your working can finally pay the debt
Comment from : @freethinker5225

Dave deserves nothing
Comment from : @itguru2037

My grandkids are sure that they are not getting any of my inheritance My kids were normal, not my grandkids
Comment from : @stvlu733

Australian dollar is super strong and there's nothing on the horizon to change that Australia was the only "western" economy unaffected by the 2008 financial downturn
Comment from : @DerekTJ

I'd put in in a high return dividend portfolio and make $5K a month of if it
Comment from : @Nunya_Bidness_53

Hi Suzy 😘
Comment from : @michaelhartman9377

My husband left a large amount of an estate Now his adviser is making trades with the accounts without my knowledge He's making money on each trade Can I tell him to stop
Comment from : @bettybaumann5824

I agree with this plan basically but wonder if they should not take the bulk and put it in an investment IRA maybe towards retirement
Comment from : @aok2727

This video is about her debtnot about how to invest the money :
Comment from : @woocifer

Australian dollar goes up if the world goes down When the world economy goes up, the Aussie currency goes down
Comment from : @todd6798

With no debt , my savings and that inheritance, I could retire now at 36 Send it to me 😅
Comment from : @kimberlybenjamin-thevoice5333

What a prick lol
Comment from : @Hacktinium

Investing money from an inheritance can be a thoughtful way to grow and preserve the wealth that has been passed down to you However, it's essential to approach this process with care and consideration Diversification helps spread risk Invest in a mix of asset classes, such as stocks, bonds, real estate, and other investments, to minimize exposure to any single investment's performance
Comment from : @ritaparker2630

pay off the house and invest the rest 50/50 thats what i would do
Comment from : @gramblingboy

Dont get married!
Comment from : @hubster4477

to consider a 200k mortgage 20k in business credit cards irs payment and 4k in car loans irresponsible in America is an embarassment ramsey should be ashamed to speak to her that way
Comment from : @user-vs3nt8ch2q

They should put the money to something that actually improves the entire world and the standard of living of everyone I have multiple such projects ready to go but I remain and poverty at minimum wage because I have health conditions and autism Please save me from this cycle so that I can have time and funding to build companies, build prototypes, and publish and teach the world my solutions
Comment from : @improveourselves3929

How old was she?
Comment from : @personalfinancialjourney

The never say what stocks or roth account Dave is talking about that made him money ???
Comment from : @JennAnniston-sr2xu

I think the husband inherited, not “We”
Comment from : @carlosz7208

Invest in an offshore fixed term bond If you get an account that is paying 42 you're set!
Comment from : @Matthew-tg2wo

Dave keep being awesome! ❤️
Comment from : @ScottyKirk1

Extremely bad advice
Comment from : @war8036

Lol, bad advice With record low borrowing rates why would you pay off a home loan when that $$ could be making you more???
Comment from : @jeffjjj5398

Its intimidating
Comment from : @muse2225

Pay your house off pay all debts
Comment from : @KodaGSD-uf3hg

Do what Dave Ramsey says to do
Comment from : @michaelfleming40

The elephant in the room is caller's "business" that seems to have a lot of debt IRS, car loans, huge CC debt, etc They probably just need jobs since they're not terribly good business people
Comment from : @matthewgardner2144

Ok, so she can pretty much spend that entire inheritance on loans brbrOk that's gone, what's next ?
Comment from : @DocOrtmeyer

Why not invest the money (say like in a mutual fund), and use the interest from the investments pay down the debts? So at the end, you have paid it off & still have the assets
Comment from : @luke_wittig

I made my first million in stock investment though I had some real estate I was dealing with at that time , I still dabbled into stock and it paid out in a short interval , I'm looking forward to what next!
Comment from : @dovieursery7130

Pay off any debts than investing 1/3 of the remainder if any left Keep the remaining 2/3 for a rainy day
Comment from : @anthonylarocco573

Should keep the exposure to the foreign currency
Comment from : @XRPinstitute

Dang- you just laid into her without knowing her whole financial picture Calling her sloppy… that is messed up I think you offer a lot of Greta advice on other videos I’ve watched, but I don’t know what happened this today to get you upset before this call
Comment from : @michaelendresen1817

Why is she even calling? First thing you always do is pay off debt
Comment from : @farrenz3333

i didn't inherit half of this but what i inherited i made double of this!
Comment from : @whitebaker645

Fire mini gun for 12 seconds
Comment from : @communistpootisbirb

Ramsey is always FIRMbut FAIR
Comment from : @Imnotyourdoormat

They will vaporize it
Comment from : @MrMustangrick

Put into an annuity They aren’t going to be disciplined enough to leave that cash sitting there in an investment
Comment from : @matrixkernel

Fire heavys gun for 12 seconds obviously
Comment from : @engi2

1:18 MKAY
Comment from : @WiseRomanEmperor

If our current economic condition proves anything it's that we should NEVER save in cash We should always save in silver & gold More gold than silvet It takes more than 5lbs of silver to equal the buying power of an ounce of gold
Comment from : @user-xs5fj3ms2l

Gives own money to advance God's Kingdom I some way don't hide it under a bush lol
Comment from : @deborahstuckless1738

Invest $400k in the public markets in large cap companies with a long history of dividends You should be able to generate 3/4 easy$12-16k a year passively for life Never spend your principle and you’ll have it forever Don’t act like your rich
Comment from : @mrpinkpony

She's stupid This is a no-brainer You would IMMEDIATELY use that money to clear ALL your debt If you've been debating on this, you're just plain stupid
Comment from : @jojohns9670

🌸🌸🌸
Comment from : @dianamiranda3383

I couldn’t imagine getting $400,000 Oh my lord Could live off of that for YEARS
Comment from : @KyleWilliamsMusic1

Dave should have jokingly but in a serious tonesuggest spending it on a new car just to see what kind of reaction she would give or ask her what she thinks she should do with the money to gauge her idiotness
Comment from : @627horsepowers

She can always give it to me I don't even have 5k saved
Comment from : @KingDanny9

Another clueless schmuck that will blow all the money away like an idiot in less than 3 years
Comment from : @xslayr03

Ain’t that something 💁🏾‍♀️ who would’ve thought?
Comment from : @darkphoenixempress2976

He should have just said “follow the baby steps”
Comment from : @mackdaddy4353

1 Don't tell ANYONEbr2 Pay down debtbr3 Don't tell ANYONE, especially a femalebr4 Savebr5 Repeat 1-4
Comment from : @fpridgeway

She is not going to do anything he said, she will spend it and continue in debt You can tell by her voice only
Comment from : @yeislyntorres5304

"Better than I deserve" My friends think I'm a snob when I say it I guess only Dave Ramsey can say it
Comment from : @johnwigren4429

Long time listener love your videos Please turn the volume up of your videos because recently it has been way too low Normally my tv is on 20 on your videos now it's on 60 and the ads are super loud after your videos are over
Comment from : @fusionreaper

Oh I thought people never got inheritances slaves worked 400 yrs, whites kept ALL THE MONEY, & passed it down to their heirs But everyone is supposed to believe the money just vanished
Comment from : @FalaqX

They have nothing saved for theFuture so the Chances of them changing there habits are slim to nothing
Comment from : @ianmowbray3284

Pay off debt and save
Comment from : @GreatBeyond74

Andrew Yang will work it out nicely for you400 people receiving $1000 each but you have to ask for your share !
Comment from : @canman5060

If If If Like most lottery winners, they'll be broke in a few years
Comment from : @stuartclubb4302

You inherited 400K your talking to the wrong person you see Dave is for people that are deeply in debt and have no decent income Grant Cardone is for people who have a lot of capital ready to invest and start making Big Money
Comment from : @apple1966

I'm beginning a budgeting business soooo many don't use one and are poor but live like thg hey are richbrCredit is slavery not wealth
Comment from : @maryjohnson6249

They should start prepping for the invasion of the lizard people💯
Comment from : @chubbytummymafia

Best advice ever! I had assets to wipe all of my debts, but the EASY way out didnt feel right Six months is not long enough to be disciplined I took 3 different FPU courses and budgeted for 18 months before I sold it all, paid my debt and funded my emergency and prosperity funds( I have learned emergency funds should be allocated for emergency items henceforth Prosperity funds or to enrich The Human Experiance The exercise to be disciplined on a budget, and to not borrow money is an ongoing activity, it is much harder than the simple task of paying off all the debt just once
Comment from : @lilomarie7313

Get an Ivy League degree in left handed tuba performance Obviously
Comment from : @harrisonwintergreen1147

First of all, it’s amazing! Such an amount is fascinatingbrbrBest thing to do: invest into a real estate or low cost index fund
Comment from : @wolfofdubai

Buy 20k in silver and goldbrPay off debtbrTake a family tripbrStart an ira 20kbrbrUse your income to become wealthy and give
Comment from : @NeoAndersonReloaded

Why is she even calling ? She should be writing the checks to pay off their debts
Comment from : @kristenlevine3446

Give some of that inheritance to me
Comment from : @2468DDT

Hookers and blow
Comment from : @untouchable360x

A key point seemingly missing with so many of Dave's callers, is how few of them seem to appreciate that no level of income/wealth makes a person immune from needing a budget
Comment from : @1redrubberball