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Dave Ramsey

πŸ‘€ Speaker
See mentions of this person in podcasts
75634 total appearances

Appearances Over Time

Podcast Appearances

The Ramsey Show
You Can't Out Earn Bad Financial Behaviors

Okay.

The Ramsey Show
You Can't Out Earn Bad Financial Behaviors

If you decide I don't want the risk, you're going to have $150,000 in capital gains tax.

The Ramsey Show
You Can't Out Earn Bad Financial Behaviors

He's going to have $150,000 in capital gains tax.

The Ramsey Show
You Can't Out Earn Bad Financial Behaviors

Y'all are managing it for him.

The Ramsey Show
You Can't Out Earn Bad Financial Behaviors

Okay.

The Ramsey Show
You Can't Out Earn Bad Financial Behaviors

And as you said, that's on the one hand.

The Ramsey Show
You Can't Out Earn Bad Financial Behaviors

On the other hand, if we leave it alone, we don't have any taxes, but we have the risk.

The Ramsey Show
You Can't Out Earn Bad Financial Behaviors

Okay.

The Ramsey Show
You Can't Out Earn Bad Financial Behaviors

and he passes away, there'll be no taxes on it.

The Ramsey Show
You Can't Out Earn Bad Financial Behaviors

So it's a $150,000 decision.

The Ramsey Show
You Can't Out Earn Bad Financial Behaviors

So I'm going to weigh $150,000 in taxes against the risk that this particular company is going to somehow tank before this elderly, fragile man passes away.

The Ramsey Show
You Can't Out Earn Bad Financial Behaviors

So the answer is this.

The Ramsey Show
You Can't Out Earn Bad Financial Behaviors

Let's just be inappropriately callous.

The Ramsey Show
You Can't Out Earn Bad Financial Behaviors

OK, can I just be mean a minute?

The Ramsey Show
You Can't Out Earn Bad Financial Behaviors

It sounds mean because I'm talking about your dad.

The Ramsey Show
You Can't Out Earn Bad Financial Behaviors

OK, but as long as he passes away before this company does something wrong, then you would not have wanted to move it.

The Ramsey Show
You Can't Out Earn Bad Financial Behaviors

So the sooner he passes away versus the risk, the less the less you would want to do that.

The Ramsey Show
You Can't Out Earn Bad Financial Behaviors

And so I'm gauging his health and his situation.

The Ramsey Show
You Can't Out Earn Bad Financial Behaviors

mathematically sadly against whether we begin to move some of this away and that's what you do so who is the company is it Apple no it's micron hmm

The Ramsey Show
You Can't Out Earn Bad Financial Behaviors

Interesting.