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Kimberly

👤 Speaker
374 total appearances

Appearances Over Time

Podcast Appearances

The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions

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.

The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions

$200,000.

The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions

$200,000.

The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions

$200,000.

The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions

Okay.

The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions

Okay.

The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions

Okay.

The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions

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

The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions

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

The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions

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

The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions

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

The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions

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

The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions

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

The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions

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.

The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions

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.

The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions

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.

The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions

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.

The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions

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.

The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions

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.

The Ramsey Show
Don’t Let Panic Influence Your Financial Decisions

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