Got 1 million inheritance from father

Check out The Rachel Cruze YouTube Channel for life and money tips! http://www.youtube.com/user/RachelCruze?sub_confirmation=1 ________________________________________________________________ Ron asks Dave for advice on what to do with a $1 million inheritance from his father's estate. Find A Financial Peace class near you! http://www.daveramsey.com/fpu/classfinder?ectid=70.11.1188 Check out Chris Hogan’s book “Retire Inspired” http://www.daveramsey.com/store/books/retire-inspired-by-chris-hogan/prodD078.html?ectid=70.11.1187 Do you want to take control of your money? Get “The Total Money Makeover” book here. http://www.daveramsey.com/store/books/dave-s-bestsellers/the-total-money-makeover/prodtmmoclassic.html?ectid=70.11.1186 Download the FREE EveryDollar App and start telling your money where to go. http://www.daveramsey.com/everydollar?ectid=70.11.1185 Do you need help with your taxes? Find an Endorsed Local Provider near you! https://www.daveramsey.com/elp/tax-services?ectid=70.11.1184 Need help selling or buying a home? Click the link to find an Endorsed Local Provider in your area. https://www.daveramsey.com/elp/residential-real-estate?ectid=70.11.1183 Do you have questions about investing? Let one of our Endorsed Local Providers help. https://www.daveramsey.com/elp/investing?ectid=70.11.1182 IN THIS VIDEO: Dave Ramsey, The Dave Ramsey Show, Financial Peace University, FPU, The Total Money Makeover, budget, envelope system, emergency fund, baby steps, radio show, debt freedom, EntreLeadership, mortgage, ELP, daveramsey.com, money, finance, economy, investing, saving, retirement, cash, mutual fund, stock market, business, leadership, credit, drtlgi

Comments

1. Get 4 million $ in real estate and buy a Ferrari 488.
2. I made the same mistake when I got 6k in extra cash from student loans. I blew it within a month. I need help!
   
   Now I'm paying off all my loans!
   
   Going to cut through $8517 in debt in a couple months.
3. He thinks he's stressed, try managing a Esstate worth 22 trillion plus or minus a couple dozen trillion, with Global trade, payroll for Goverments, Health, environment, insurance, litigation, etc....
4. I love your approach to finances Dave.
5. SELL THE HOUSE. GET RID OF THE MORTGAGE.  DO NOT INVEST IN THE STOCK MARKET OR ANY INVESTMENTS RIGHT NOW AND DON'T LEAVE IT IN A US BANK.  I WOULD SUGGEST A SWISS BANK...!!!  YOU DON'T HAVE TO PAY TAXES ON YOUR INHERITANCE.  CD'S ARE BAD. THIS GUY IS AN IDIOOT.  RIGHT NOW THEY HAVE RAISED THE  INTEREST RATE WITH THE FED.  I DON'T TRUST BANKS AND BONDS OR ANYTHING BUT REAL ESTATE IS AN EXCELLENT INVESTMENT.  INTEREST HAS GONE UP, THIS IDIOT ON JUNE 9TH 2014....... DON'T TRUST ANYONE.......YOU HAVE A RIGHT TO SELL ONE HOUSE IN YOUR LIFETIME AT YOUR RATE WITHOUT TAXES......GUESS WHAT, I WORKED FOR THE IRS SO I KNOW. THE DATE NOW THIS MONTH MARCH 2017. CPA'S CAN STEAL FROM YOU.  DO NOT ASK FOR A TEACHER.  MY X HUSBAND IS A CPA.  REAL ESTATE IS THE BEST.  FIND A COUNTRY HOME WAY OUT.  USE IT AS A VACATION HOUSE FOR NOW IF YOU WANT TO WORK OTHERWISE LIVE IN IT.  YES, PAY OFF THE KIDS LOANS, THEY WON'T BE GREATFUL.  BEST TO PAY HALF AND THEY PAY HALF EACH MONTH AND DON'T LET THEM SKIP ANY MONTHS. MAKE A CONTRACT.....OTHERWISE YOU'LL HAVE STUPID KIDS WHO DON'T ACCEPT RESPONSIBILITY.....!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Call Joel Skosein who made the book "strategic relocation.  pay attention to the tape   theyve on utube at ALEX JONES. live so far out that no city can walk to you.  Ask Joel to make you a safe room too. start buying for your family in volume a yrs worth of food you have the money...Don't tell friends and neighbors of the wealth, your subject to your family being kidnapped or killed.  we don't live in a safe society now.....I save.  I turn cash into silver.  you can afford gold, put it in your safe room.
   GOD BLESS YOU AND YOUR FAMILY.  I DRINK WATER IN MICHIGAN with a filtered bottle and in Teas A FILTERED BOTTLE.  THE FILTERS ARE ABOUT 20 EACH.  WELL WORTH IT FOR SAVING YOUR LIFE....TRY VERY HARD TO GROW YOUR OWN FOOD.  GOOD LUCK......
6. First, pay off your debt and house. I would buy some silver, some land, and a few late 60's Musclecars...definitely buy some silver.
7. A glorified cookie jar. I'm going to have to remember that one.
8. I kinda envy people who get big inheritances like this.... not that I want my loved ones to die... it's just that I most likely will not see anything even remotely close to that... when my grandparents passed away nobody really got anything because all their money went into medical expenses and what was left was just enough to cover the funerals.... with my parents it'll probably be the same... my dad is just a year from retirement and he's already been diagnosed with parkinson's 3 years ago
9. did he really just say he is happy some one could lose $14.5 million+? If it is just in a bank account and the bank fords the cash is GONE, FDIC wont cover 15 million
10. https://www.gofundme.com/justinscollegedebt
11. Time for a BRAND NEW CAR!
12. I'll pay off the mortgage buy a body shop ,gas stations or Commercial Real Estate rentals
13. I would pay the house off but that's just me
14. I would pay the house off but that's just me
15. very good advice
16. I would pay off mortgage and any other debt, pay off kid's college. Park the rest in a higher rate money market so it is liquid, and learn about investment in the mean time. Then act on the balance.
17. Get The Bogleheads' Guide to Investing.
18. First thing I would have asked him if he was married, because she is not entitled to any of it, but if he pays the house she has half her debt on the house removed and owns half the house now.
19. here my tip, first fine how much money  you can put in a 401 K,   spend a 100 on books. learning about money.                look into real estate, apartment buildings, can be very good.
20. You do waffle on abit