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Chapter 1: Who are today's hosts and what is the focus of the episode?
Hey guys, Dave Ramsey here. Me and Dr. John Deloney are coming to a city near you on the Money and Relationships Tour. It's happening soon, so don't wait. Get your tickets at ramseysolutions.com slash tour. Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships.
Jade Warshaw, number one bestselling author, Ramsey personality is my co-host today. As we take your questions about your life and your money, we're going to talk about you right in front of you, honey. That's how we do it. And, hey, the phone number is free, and some say the advice is worth exactly what you pay for it. It's 888-825-5225. Jump in, and we will talk. Laurie is in Salt Lake City.
Hey, Laurie, welcome to the Ramsey Show.
Thank you, Dave.
Hey, what's up?
Well, my dad is going to leave my brother next to nothing when he dies, and he's not telling him. how do you know what did he tell you he told me that he set up a trust with a fiduciary and that he was going to leave different amounts to us three children in different ways and then he told me he had set up some other things in the trust to protect it
Okay. So you said that the brothers left out, but you just said he's going to leave something to the three of you. Is it a different amount of money? Yes. Tell us more.
Yes. He told me he was going to leave him $10,000. And what did the other kids get? I'm not sure because he hadn't said, but my sister, he didn't tell me how much. He just told me that he was going to give her a large lump sum of because she's the most fiscally prepared for the future, most fiscally responsible, makes the most, handles her money the best. Okay, what about you? Me?
Yeah, so he set up monthly payments basically for 25 years. Oh, how much? $3,500 per month. Okay.
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Chapter 2: What should I do if my inheritance situation is complicated?
I don't know how. No, I make like $1,500. On a good month, I make $2,000. On small months in retail, I make $1,500.
Okay, so you got $500 to spare. You eat a little bit. You pay your insurance. You get gas. You've got nothing left.
Let me stop a second because I did a drive-by on something a minute ago I want to know more about. You had $70,000 in savings, you said, from a side hustle that you blew. Did I hear you say that? Yes. Tell me about that side hustle. Where did all that wonderful money come from?
It came from I used to sell screen protectors and cases during COVID when I was 14 on Amazon.
Yeah. So no COVID, no business. Gotcha. Okay.
Yeah. And I gave most of it to my mom after the separation. And she's sitting at least at $300,000 to $400,000 herself. Yeah.
You're 18.
You're 18.
Your mother is not your responsibility. Your responsibility is to love her and cheer for her, but she's not your financial responsibility. So this has got to stop. And unless you can create a huge income, you need to get rid of this car and get a $2,000 car.
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