How Should I Manage The $500,000 I'm Receiving After My Spouse's Death

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How Should I Manage The $500,000 I'm Receiving After My Spouse's Death
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30 окт 2024

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Комментарии : 210

@RicciOlson 5 лет назад

26 and a widow. So sad.

@ChrisInvests 5 лет назад

Prayers for her and her family 🙏

@Candice-1989 5 лет назад

I was recently widowed myself....I am a stay at home mom of twins....I cry everyday...I miss him so bad...heart aches for this young lady....prayers

@dorethabrown-simpson3632 3 года назад

From one Pastor’s wife to another, I feel your pain. My husband passed in February 2020. Let’s continue to pray for widows/widowers especially during the holidays. God bless

@RemiBeauty87 5 лет назад

Prayers to her and his family. Very sad

@aradithsolar3314 5 лет назад

I stopped doing everything I was doing to take a seat and pray for her and her boy.

@mrs.carter5524 5 лет назад

Poor thing. Dave was so sweet. Had my eyes watering. Prayers to her and her child.

@callynt 5 лет назад

Have mercy, Lord. Blessings to Rolanda and her son.

@randomkid7390 5 лет назад

@J. Smart God made a decision based on his plan. It's hard to see now why things like this occur, but they really do happen for a reason.

@luminous6969 5 лет назад

God's plan also involved drowning all the animals and infants and toddlers that did nothing wrong except being born to corrupt parents. If God's plan involves planetary genocide of all species, count me out. The fact that anyone is willing to rationalize PLANETARY *GENOCIDE* of so many innocent animals and small children and remain a Christian just shows the effect on religion on the brain. I don't support mass murderers in ANY capacity. Go ahead, justify planetary genocide. I can't wait to hear it.

@randomkid7390 5 лет назад

@@luminous6969 God gave us free will. It's not his fault what we choose to do with it. If a good person gets hurt by someone else's free will on earth it's ok because soon enough they will be in heaven.

@jg-xx8oh 5 лет назад

J. Smart really

@niecybaby1960 5 лет назад

Awe, I love the soft Dave!

@aleximay9480 5 лет назад

Same

@Abbyhax 5 лет назад

I felt this girl's pain. That was the absolute best advice that she could have received.

@iceviking8280 5 лет назад

Stay at home as long as you can. This is an unfortunate situation for her. She needs to mourn. Luckily this pile of money came to help her but at that cost it’ll never be the same. But the fact is she has the money. She should pay off the most reliable vehicle she has and sell the other (I’m assuming they had 2 vehicles) she could even buy a little house somewhere and pay it off. There’s the possibility she could go back to school. Maybe she could become a nurse, it’s a great reliable high paying career. As a male nurse my heart goes out to her. I hope she can find peace soon and her and her child can move on with time. She should take time to grieve. Pay off the most reliable vehicle she has. Look for a little house somewhere. Set aside money for an emergency. Set aside money for her child’s tuition. Look for education or if she can get a decent job somewhere then that would be fine as well. I wish her the best of luck

@dr.bassmab552 5 лет назад

Losing a spouse is so hard .. sending her good thoughts and prayers 😢❤️... I am not crying

@kwhite71376 5 лет назад

Wow, hearing the pain in her voice breaks my heart. I really hope that she takes Dave’s advice. I am an emotional spender as well and I wish that I knew how to breathe and hang on to any extra money that I get. I can only imagine how hard this is to do when you’re grieving! May God bless this woman and her son. I pray that God gives her strength

@Febreezy 5 лет назад

I'm literally crying listening to her... I couldnt't imagine.

@LNamirr 5 лет назад

This hurts my heart so bad. God bless this woman and her sweet baby. I have no idea who i would get through this. I also really like his point about not doing 'grief spending'. It seems so simple but its so difficult!

@HouseDancerNyC 5 лет назад

I'm sorry for your losss!!! Sending love and prays to you and your son!!!

@ishalocke1123 5 лет назад

Thanks, Dave and team for taking care of widows and orphans. ❤️💙

@jg-xx8oh 5 лет назад

Well said Mr Ramsey !and my heart goes out to this woman and bless you and your child and my condolences 🇨🇦

@Newtttton 5 лет назад

At least he's smart enough to protect his family with life insurance...

@matthewr2361 5 лет назад

Stupid enough to kill himself and leave a wife and kid behind

@IWantToMature85 5 лет назад

Matthew R we don’t know how he died

@Maurazio 5 лет назад

@@matthewr2361 insurance probably doesn't cover that

@matthewr2361 5 лет назад

@@Maurazio Some do, some don't. You pay significantly more for coverage that pays out in the event of a suicide though. You also get that coverage through your work if the suicide and depression rate is at an increased rate. Your employer pays a lot more for it though.

@pjabrony8280 5 лет назад

There isn’t a premium up charge for suicide. There is a clause that suicide within the first year doesn’t get paid, but even that isn’t enforced most of the time. Unless the deceased actually declared that they had bought the policy planning to take their own life, the company generally pays. It’s bad business and bad PR to deny a widow like this the money.

@robertbruckart4762 5 лет назад

This call hurts my heart so much. "A bad place"...

@joiab11 5 лет назад

I'm in tears listening to this. This is real and authentic and may God bless this woman and her child.

@DanielIles 5 лет назад

Man, hoping everything works out well. That is so sad.

@tonypeters3320 5 лет назад

Prayers for her and that young baby. 😪🙏

@christinam81 5 лет назад

It's been 12 years since my dad passed away. My dad had about six sources of money that came to my mom and she had no idea he did that. He was a sneaky investor apparently. Even his coworkers sent her money for about a year after he passed. She barely spent anything in the first 7 years. She said she rather have him than the money, but I told her it was left for her to live. She just started spending some about five years ago on home repairs :)

@Amazin11000 5 лет назад

Dave being a man of God again, you are a great role model and you've helped me make better financial choices, bless you Dave. He's so kind and empathetic to this poor woman.

@ThomasFerrugia Год назад

No one needs to believe an invisible man lives in the sky to have compassion.

@mle011 5 лет назад

I can’t imagine having to answer a 4 year old’s questions on where their dad is. That’s awful. I hope her family is the support she needs right now.

@sethclegg 5 лет назад

@M Detlef What is wrong with you?

@chainrupsharma7375 5 лет назад

Oh Lord! Heart wrenching story! Prayers for her!

@Cod3Thr33 4 года назад

I just lost my dad and am helping my mom through it. Thank you for this, Dave.

@chriswhite4212 5 лет назад

prayers to this young lady. this was a tough listening to this call. so sad

@MissJ000 5 лет назад

I’m hoping she gets through this with a lot of love and strength.

@serenabell1971 5 лет назад

Sweetie, you are my children's age and my heart goes out to you. Prayers for you and your baby!

@DJ-ix7gf 5 лет назад

Sweet lady, I hope she begins to heal. Life is so hard.

@ENCwwe 5 лет назад

This is a rough situation. Praying for her and her family. She can get through this.

@naomiking2442 5 лет назад

Love you Papa Dave!

@oco987 5 лет назад

He's advice is spot on.

@fembot521 3 года назад

My husband just died suddenly of heart failure a few weeks ago. I have $750K life insurance policy so came to watch this. He is so right, my brain just is not working right now and I am so stressed about what to do and how to take care of my two little girls 😕. Thankfully I have 6 months worth of expenses saved to keep me going for now. Hold your loved ones close.

@rebekaheager9518 3 года назад

Praying for you.

@prosperousk5477 5 лет назад

God Has got you Rolanda!! 🙏🏼❤️

@aleximay9480 5 лет назад

Love Dave's treatment of others

@PsychicsRfake456 5 лет назад

my heart goes out to her and her family

@maniacattack8426 5 лет назад

As an atheist I can honestly say I respect a man like Dave Ramsey.

@Mary-rf9tv 5 лет назад

maniac attack Maniac attack, please accept JESUS, he is the way, the truth and life, he loves you. Atheism can never pay you on earth and in the hereafter.

@maniacattack8426 5 лет назад

@M Detlef hows that?

@efewilliams9677 5 лет назад

Prayers to you Rolanda and son. The Lord comfort you and yours. Sorry about your loss

@No-handleneeded1 5 лет назад

Poor girl, I wish her and her child the best.

@susansauls8902 4 года назад

She is so smart to call Dave. $500k doesn't go far anymore, and especially as young as she is. She has a lot more life to go and living to do. Life is expensive and will become increasingly more expensive with time. Good news is that she is young, and she will figure her way and has a lot of time yet to build her wealth and life. She will be okay if she listens to Dave. God bless this lady and her child.🙏🏼

@austinpage9463 5 лет назад

Great advice Dave

@dominicankid1001 5 лет назад

Dave this was very emotional

@PavleBujanovicSenior 5 лет назад

Praying for you, Rolanda!

@patty109109 5 лет назад

Solid advice!

@GS-uf4fp 5 лет назад

My condolences for their loss.

@robbyrob435 5 лет назад

Awww😭💛🙏🏾 May God be with her 💛

@retiredmanager510 5 лет назад

Nobody gets to choose when it’s their time. It’s great he had the foresight to have life insurance. I had a 35year old lady that was married, her and her husband had bought a house and she wanted each of them to buy life insurance. Her husband was working on a classic car restoration in the garage and died of carbon monoxide poisoning. She came to find out how to collect on the policy because she couldn’t afford the mortgage on her own. He had told the doctors for underwriting he wanted to shop around for rates. He never bought the policy but started a policy at another insurer. He’d never done the medical exam for them either. She had to pull from her 401k and sell the house. He didn’t have insurance. I see many couples where the person that makes less pays for the life insurance. The policy is usually to benefit them.

@retiredmanager510 5 лет назад

Anne Day many people feel they are invincible, until they find out they aren’t. The lady I worked with knew her husband didn’t do it intentionally. She held no ill will. She was still in shock and a bit disappointed. His toxicology report showed he had .01 over what was considered deadly for carbon monoxide.

@clair233 5 лет назад

💔💔💔💔💔 you will get through this

@peterhoffman8525 5 лет назад

She can probably take social security payments (for the child, at least) for a while and not worry about getting a job, etc while she recovers a bit. The insurance money needs to be used/invested carefully, of course. Speaking from (wife's) past experience as a child.

@aisherwasher6959 5 лет назад

It sounds like her family is able take of her for awhile. Less paperwork to worry about

@KourttneyL 5 лет назад

She said she’s doing great but just lost her husband 😭😭😩

@f.-j.j.5738 5 лет назад

We answer that out of habit... And also to avoid people asking what's wrong

@davekostuch3250 5 лет назад

I think I got something in my eyes. They won't stop watering. 😢 it must be the onions that are in the kitchen three rooms away. Seriously though my heart is breaking for her!!!

@aimiecheetham 5 лет назад

Sending love ❤️

@Dobemolsibemol 5 лет назад

I would put all 500k in SPHIX for a 4% return. That gives her 20k for life approximately. At least in the meantime while she recovers emotionally she can eventually work 20 hrs a week and make close to 15k like that. With 35k a year she can do well and preserve the capital while she figures things out and maybe buys a property for half a million that gives her 8% return for an income of 40k a year without working. Just a thought.

@ElTokeMaestro 5 лет назад

Wow poor woman thats sad and the child wow

@rachellawrence702 5 лет назад

This one broke my heart

@magicpony9 4 года назад

This poor woman. Good advice.

@paolovaldez8972 5 лет назад

May she make it out of this easily and peacefully.

@WildL23 5 лет назад

I love this advice. A lot of people need to just put their money in a savings account instead of trusting white collar crooks or making dumb investments with it. Dumb investments and white collar crooks could take all of your money or leave you owing money. But inflation is only going to take a relatively small, petty percentage. Losing 15% of your money to inflation beats losing 100% of your money to bad "investments" or white collar crooks.

@misstbikini 7 месяцев назад

thank u dave

@MikeyFFA500 5 лет назад

I wish I could hug her!

@user-ok6ef9zn4f 3 года назад

NO!

@Jesseg-rj6xf 5 лет назад

God bless papa Dave

@phantomtized 5 лет назад

So sad. You got this. Stay with family until your done grieving. After the grieving process get a better life. Car, House and save 50K to start retirement.

@Silented1234 5 лет назад

The scary part about suicide is sometimes you never know what people are going through from the outside. I feel for her, I hope she and her son will be okay.

@Silented1234 5 лет назад

Jordan Hatten obviously, but being in a “bad place” usually means that. Unless he was a soldier which she would have mentioned that. But Regardless, she needs to just try her best to move on after the healing begins.

@mecheckraise 5 лет назад

Get a JOB and just put all the money in the S&P for it to grow. Do not spend the principle.

@sunshinelawfan7693 5 лет назад

Agree. Don't touch principal -

@Kevin_Roche 5 лет назад

It's a bad time to put in S&P. She should learn how to invest instead of blindly putting it funds.

@slf5141 Год назад

As a widow in Canada I wish i could just have a free one time consultation with a financial advisor.

@deliaart7304 5 лет назад

Im a widow I wish I heard this 5 yrs ago. My husband died (leukemia) when our daughter was 2.. I received 150 thousand from life insurance. I was totally by myself. I blew through it..I was so, stupid I went into grift spending. I am now in an apartment as a result of making BAD financial or rather NON THINKING discissions. I am now going through baby steps 2 (I got baby step 1 and 2 backwards). Ugh, what did I do? Not only to my self but, more importantly my daughters future. I'm so ashamed.

@1jw298 5 лет назад

I would normally pop off an answer about lottery tickets but this isn’t the place. I would take 6 months to get counseling and time to heal. And give Dave a call back then.

@luminous6969 5 лет назад

Don't worry mate, someone else popped off and said to blow it all on lottery tickets, so it's covered.

@jayrmotors 5 лет назад

May his soul rest in peace

@serioushamster 5 лет назад

I'm surprised that the life insurance people covered him for suicide.

@tonypeters3320 5 лет назад

As a retired veteran I'm willing to bet he was in the military. It's 400K and then an 100K "death gratuity" payment.

@havuckofp 5 лет назад

@@tonypeters3320 yup

@luminous6969 5 лет назад

It was pretty obvious that it was either a suicide or drug overdose.

@tonypeters3320 5 лет назад

Jordan Hatten no they didn’t, but the term “ he was in a bad place” kinda tells you.

@bradywade7123 5 лет назад

I hope she will greatly overcome this tragedy, and I hope it will turn her into a very powerful, strong-willed person.

@joeyjay1662 5 лет назад

Caller Says When Asked About The Death Of Her Husband, She Says "He (Husband) Just Got Into A Very Bad Place"...Hmm.-- What Does That Mean??--Sorry For Her Now Becoming A Single Mother.

@Kevin_Roche 5 лет назад

@@greencase Yeah. It could have been accidental with opioids.

@angelap.856 5 лет назад

I'm so sorry she has to be going through this :( but can someone correct me if I'm wrong, but was she implying her husband committed suicide? If so, I thought life insurances didn't pay out in those scenarios. Isn't there a clause that says so?

@danandalihilton6076 5 лет назад

Angela P it depends how long after the policy was put in place. Usually it’s only within the first 2 years that they wouldn’t pay, at least that is the case in Canada

@brianwilless1589 5 лет назад

2 Sam 12:20 So David arose from the ground, washed and anointed himself, and changed his clothes; and he went into the house of the Lord and worshiped. Then he went to his own house; and when he requested, they set food before him, and he ate. 21 Then his servants said to him, “What is this that you have done? You fasted and wept for the child while he was alive, but when the child died, you arose and ate food.” So David was weird? Or David trusted God???

@yayyareaa2997 5 лет назад

So sad 😭

@sweeteststar3882 4 года назад

My grandma was a widow at 20 years old. I'm 22 and I'm terrified of my boyfriend (who I'll be marrying) dying.

@MrJay197409 5 лет назад

Dave please put the onions away. 😥😢😥😢

@campuslife11 5 лет назад

I hope she doesn't put this money in the volatile, hyper inflated stock market! Wait till the next recession and buy in!

@chevysaregr8 5 лет назад

Dave's an idiot when it comes to investing...

@campuslife11 5 лет назад

@Anne Day no Dave's advice was solid put the money in a savings account. Preferably one that pays interest and grief.

@campuslife11 5 лет назад

@Anne Day I'm just saying when ever she is ready to look into investing some of this money. I hope she understands that soon we will be seeing a recession and that will be the best time to invest.

@quackaddict9810 4 года назад

Hope a year later that she’s doing Ok

@Dot.774 5 лет назад

It's hard already for what she is going through but in a couple of years she'll be out it and who ever she marries again he will be lucky to know she has that cash and believe me she is going to be crazy cause love makes you do crazy things hope she is smart as right now otherwise we are going to hear she got no money this is a chance for her if doesn't play it right she would loose all of it.

@Evita_Raylena 5 лет назад

💔

@JennaNoManga 5 лет назад

Oh Lord 😢

@Khora 5 лет назад

You're crying, not me

@precisiontactics-556 5 лет назад

Man it hurt hearing her speak. You can hear the pain in her voice. I hope she recovers soon :/

@KE5ZZO 5 лет назад

typical ins co. gonna tell her no. deny payment. “ he was in a bad place’

@luminous6969 5 лет назад

Yeah not sure if insurance will pay out on a suicide.

@TheWaterman1000 5 лет назад

My condolences and prayers. She should spit the money into two money market accounts in two different banks. Savings will pay you nothing for savings. I earn 2% on my account. Aprox 1200.00 a month. God be with her.

@tonypeters3320 5 лет назад

4 thumbs down based on what?? You people are what's wrong with the world today.

@cometleijon964 5 лет назад

theres youtube bots that dislike videos btw

@luminous6969 5 лет назад

Welcome to any comment section that allows dislikes.

@tonypeters3320 5 лет назад

Carissa Rodriguez I never knew that. Still just dumb,

@InvestingHustler 5 лет назад

I can’t even imagine the pain she’s feeling. I would probably invest 50/75% of it down payment on a house invest in mutual funds and stock market. Pay off debts and enjoy the rest.

@starwreck 5 лет назад

VTI

@ericks1081 5 лет назад

Im 19 years old, I'm trying to save up for a cleaning franchise that is 10k, where can I store the money?where would it be best to store? In the bank, cash or what?

@ericks1081 5 лет назад

@love Dennis thanks, just any savings account ? Dont they charge ?sorry for these questions, I hate losing money and I dont wanna lose money just saving money

@ericks1081 5 лет назад

@rocky mountain lass ok cool thanks man

@Mark-hm8pe 5 лет назад

Good advice. Go home and don’t touch the money. Invest the money in its entirety and it will pay for your child’s college and your retirement. Live life like you never received anything. You’ll always have this money to fall back on, but you shouldn’t need it.

@romeunier9369 2 года назад

Give it to her family. He should have saved his spouse from dying.😇

@Ryan_DeWitt 5 лет назад

Sounds like he had a drug addiction and OD'd.

@Ryan_DeWitt 5 лет назад

@@texan903 Hard to say since she was so vague. Usually when people are vague it was nothing good. Although I can tell she is grieving, I sense a bit of relief as well as I think she knows deep down she and her child will end up being better off now in the long run.

@1jw298 5 лет назад

Don’t think insurance pays out for drug abuse or suicide.

@Ryan_DeWitt 5 лет назад

@@1jw298 It will, however there is usually a clause where it won't for like the first year or three of the policy to prevent people from taking out a policy and then committing suicide.

@mecheckraise 5 лет назад

@@1jw298 usually does after a year of the policy in force. They just don't want for you to buy right before a suicide.

@tonypeters3320 5 лет назад

@@1jw298 if he was in the military it does and that's my guess.

@fhuber7507 4 года назад

Pay debts and put the rest in a savings program.

@mbhatti1981 5 лет назад

Put that money into a annuity

@joycetaylor8057 5 лет назад

You cant be a "stay at home mom" (at the age of 2 yet) the rest of your life. It's tough but you have to pull up your socks and make a life for you and your boy. Best of luck to you sweetie.

@yankeemockingbird4985 5 лет назад

She needs to take 1 year off. Thereafter get a skill to support herself and her son. The next 3-5 take the money slowly as Dave says. Place some in an annuity. Some other investments. But rest for the next 12 months.