Kimberly
👤 SpeakerAppearances Over Time
Podcast Appearances
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.
$200,000.
$200,000.
Okay.
Okay.
Okay.
Uh, sadly, my grandma passed away just before Christmas.
Uh, sadly, my grandma passed away just before Christmas.
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.
Absolutely. And it's put a lot of pressure on me to do the same for my kids and their future kids.
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.
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.
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.
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.
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.