Kimberly

Good morning, ladies. I just want to say thank you for helping me get through Trump's America. We are nowhere close to it fucking being over. But as a black lesbian in Utah, I truly appreciate listening to you guys and laughing. One thing I've had it with is I'm driving my toddler to school today, listening to toddler music. So hoping this drive goes as fast as humanly possible.

And we're stuck in traffic because everyone's fucking rubbernecking trying to look at this accident that has happened. I'm sorry, if there are 15 fucking cop cars, three ambulances and a fire truck, it's probably something you don't want to fucking see. None of you are medical professionals. We live in Utah. All of you got your medical degree from fucking Facebook.

keep driving, look forward and push on the gas pedal. We have places to go. Unlike most of you, I'm not a stay at home mom and I need to get to work. So I don't need to just lollygag. I'm not on my way to fucking swig. Let's go put your foot on the gas pedal. Let's drive.

Kimberly!

Yeah.

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I think I have a good problem to present to you.

Yeah, so I'm in baby step six, and I just got a substantial inheritance, and I just want to be intentional with it. So just looking for some advice.

$200,000.

Okay.

Uh, sadly, my grandma passed away just before Christmas.

Absolutely. And it's put a lot of pressure on me to do the same for my kids and their future kids.

So we just moved into our house like four years ago, so we still have the leftover of the mortgage, which is $190,000. Oh, goodness. Okay. But let me say, we don't have the full $200,000 to our disposal right now, because the first thing I did was I paid off our HELOC, and I paid off a window installment loan. So what's left? That took away $6,000.

Yeah, so what's left from there is $136,000, but then I immediately took $40,000 of that and put it in a high-yield savings for our emergency fund.

Okay, so you got $95,000 to spend.

There's three and five actually ones in the back seat. So apologies if there's background noise.

And if you're going to ask about a 529, we're already contributing to that.

What do you think is right, Kim? Well, my gut was to pay off the mortgage or as much as we can with what's left over. But in five years, roughly, I think we're going to need two new vehicles. So I don't want to take out a loan to pay for those. So I almost want to keep some of it reserved for that. What's your income? Because our mortgage is only a 3% interest.

Income is about $140,000, which means my husband's.

Hey, are you still there?

Good. Well, not good, but maybe you can help me out with some suggestions. My husband just like about a week ago went to the hospital and was diagnosed with basically liver. His liver is shot. It's beyond repair. Uh, they gave him maybe a year, year and a half to live.

Yeah. Yeah. And he struggled with alcohol, you know, addiction off and on over the years. And he, you know, he said, I knew that this was probably going to happen, but you know, when you're addicted, you're addicted and it's hard to stop something. So anyway, our situation right now is, um, he, uh, he's working or trying to work because he doesn't feel well.

And, um, I've been doing the best I can to do Ramsey stuff without him not being, um, on board, which means not very much. Uh, anyway, I have questions here, um, as to what we should do because this freight train is moving. Um, moving forward.

We own our own house. We have adult kids who are doing really well. Off on their own, they're amazing. How old are you guys? I just turned 60. He's a few years younger than me. Three years younger than me. Anyway, in fact, I just worked I had a hospital bill. I took a grinding job to pay that the balance off because of insufficient, you know, insurance and just got it done.

So here we are with another hurdle. Um, so I'm looking at, we do own our own house, but, um, because I haven't been had access, you know, I haven't had access to the funding I wanted to do to keep up on it. It needs exterior repairs that are fairly expensive. Um, as in, uh, roof gutters, some siding, and then paint after that. It's an amazing house.

It's in really good condition, but that would have to be done if we were to possibly sell and downsize, if that would be one of the options we should consider. I don't know. We have a lot of stuff sitting around that my other half cannot get rid of anything ever. So getting those Options for getting those things sold and how to approach him on that.

We'd have to have somebody come and remove things.

No, it's big. This is the stop sign.

Right, because he was not even used to that idea yet. It hadn't even been introduced, right?

Yeah, well, in the earlier days, I was working to pay a little extra here and there because I'm the one that doesn't want to be in horrendous debt, a debt of any kind, actually. And he used to work a very good job And part of it was an investment account that was like a retirement, right? And he got to a point where he wanted to start his own business.

He'd always wanted to do this because his family had done it and they had done it poorly and they fought and they divorced, but it still is a dream of his.

So over time, yes, he cashed out almost everything.

And the rest of it he threw into a business without knowing how to run a business.

I was in order to pay off my hospital debt. Okay. Yeah. Horrendously huge. And I finally got that paid off, but it was very hard. It was just a... Okay.

So to know what you... Thank God for that.