I just inherited 50 MILLION dollars. What should I do with it?
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- เผยแพร่เมื่อ 9 พ.ค. 2024
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Has he got his $1000 emergency fund though..
LOL
I would make it 2,000
Gonna have to work real hard for that first 500 bucks 😪😔
😂😂
🤷🤷🤷. If he did he would be safe in case if he loses his job and if something happens let's say to his car or his health like a severe injury.
Dave: so who left you $50 million?
Ken: Ummm a Nigerian Prince
William Hewitt yeah this seems so scripted
Nan cy I don’t think that was his point
Yeah... this story is nonsense. You don't call in to a live mic show to ask what to do with 50 million.
@@MrJamberee I agree! That was my first thought. Some guy has a boring life!
KEN: A GENIE in a bottle
If only that was my only problem in life.. "what should I do with $50 million dollars?"
cars cars cars XD
I'd eat a lot healthier, especially more fish.
Sounds like both his parents just recently (and probably simultaneously) died, so no, that's not his only "problem" dude.
If I had that sort of an inheritance, I would put a few $$$$ to it and pay my debts off :)
Farzaan Ali only the stupid, poor, or people who have never been poor and were born rich say that.
I’m kinda curious how ken is doing now 6 years later
@@samic7049 he was already a millionaire, if someone were to rob him they would have done it already. And he wouldn't blow it all because thats what broke people who get money do, which obviously was never him
If I had 50 million I would save half invest 15% and spend 30% then live off with 5% and I would keep working
Just fine lol
@@riverdaletales8457 sorry buddy your ratios are off, please take a look into them
@@r.j.shamberger3723 50+15+30+5=100
Hi Dave I just inherited $874 million dollars and I wasn’t sure if I should continue to use coupons on the cereal we buy for the week
@Josiah Ramdeen DHAR MANNNNN. BARS.
I would
Then, just pass those money to me and you still CAN stick on your old habit to use coupon buy stuff without any worry.
🤣🤣🤣🤣
Cereal is a waste of money. Cook oats bought in bulk and add your own brown sugar, cinnamon, and raisins.
@@whatsup4807 Fake call to boost ratings
A small loan of $50 million
Lol
Here's my bitcoin address 1GgFR6YfD1rHU2w9rTvVr3vqVwCJ5KhzNV Tell me what your security project is IN THESE TH-cam COMMENTS so we can all pick it apart and see what kind of scam it is.
It's not a LOAN it's an INHERITANCE......... VERY big difference
@@ericgilmore5949 Its an old meme
Caller: I inherited 50 million.
Dave: Whats your household income?
😂
That’s a legit question, because it would give an indication of their situation prior to this. Somebody who’s never made $50,000 a year before will have a different mindset than someone who’s used to making $300,000 a year.
Sell the car
@@jaydee3696 rice and beans and beans and rice
How about delivering some pizzas?*intense state from Ramsey *lol
“Comfortable” that’s the key word that a person with money says
Crazy rich Asians..
@@KamranKhan-dc1ip Is that a good movie? I haven’t seen it yet.
I mean true but you can be comfortable with 60k a year with no kids and not spending it. I guess it’s subjective. I would consider 100k a year not rich but “comfortable”.
@@angelgjr1999 sorry this is late but super good watch it
Caller: "I inherited $50M cash"
Dave: "Sell it."
technically he should, investing is in a loose sense selling money
🤣
He should marry me, then divorce me cause I’m bad and only want him for his money.
My god... thats 100 million Jack in the box tacos
Double your assets!
You could eat nothing but jack in the box tacos for the rest of your life. Problem solved.
If I inherited $50 million, first thing I would do is call Dave Ramsey's show and wait until he got to my call. This is so idiotic.
My life right there
@@MrJamberee what I would do is invest like 20 million between different index funds. spend a couple million on a mansion. and whatevers left over is what I'm going to try to live off of for the rest of my life. and hopefully that and the money the 20 or 30 million I put in index funds holds me over.
@@HearMeLearn So you will hold around 50% of your wealth in cash to die from inflation? :D
He left out the part where he’s 200 million in debt
🤣
You deserve more likes 😂
*Ken: I have $50M what should I do?
Dave: RiCe anD bEanS*
BeAnS aNd RiCe!
🤣
Caller: I just inherited $50 million.
Dave: Do you have $2000 in an emergency fund?
Dave I just inherited 1 billion dollars from my great uncle Murphy who managed a salamander mating farm, should I take out a loan to buy a 300k dollar house or should I buy a space suit and a pack of gum?
slash2jimi 😭😭😭😭😭😭
A loan, you should be the one giving loans...
Lol
Nahh, buy a 50k house and make small payments of 500$ a month by delivering evening pizzas.
Omdss this cracked me up big!! 😭 😂 😂
I watch several TH-cam videos on how to trade in the stock market but haven't made any head start because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands
@Ryan-Xavier What is the name of your broker and how do i connect with him or her ?
@Alejandro-Knox Wow that was easy, i found her website and left a message for her . i hope she reply me. thanks.
@@Kaiden-Bentley Alice Marie Coraggio her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy..
Wow, $50M problems but money ain't one.
ikr. WIsh I had those problems...
Hahaha! Nice one 🤣
Eh, that kind of money ruins a lot of people...
@@IkaikaArnado not unless ur careful and live modestly but I can kind of agree with that
@@zoura3257 Easier said than done. You’d be shocked how quickly some people can go from millionaire to in debt.
$50 million in the bank, my immediate family would be well taken care of. After that, I would invest a decent sum of it and ration the rest out so I wouldn't have to work again. I get so irritated when I see people win the lottery and spend 10 mil on a house, 1 mil on cars, and gamble the rest away. Those types of people shouldn't be receiving that kind of money in my opinion. If your lucky enough to hit it big, be smart. Take care of the people who have taken care of you!
I would put enough of it in an investment account to factor out to $50 million when I retire and use the rest of the money for real estate. I wouldn’t wanna be the idiot in the family who blows all of that hard earned money out the window.
@@TheNuclearBolton You know what funny people like you will never win that big bug😄
I think it’s a selection bias - people who tend to be good and careful with their money don’t buy lottery tickets because they know the odds. I heard someone calling lottery a tax for dreamers.
Why would you get irritated that people who you think are unworthy to win actually do win? Thats weird
He could spend 20 million and be fine depending on his age. If he diversifies and invests 20 million in etfs and index funds they should double his money every 7-10 years. So in 20 years after investing 20 mil he would have made 40 or more. this leaves him 10 million to invest in real estate and other assets and 20 million to spend.
Bro. You could earn 2% interest in a bond fund or something and get 1M interest per year. Thats nuts
Right?! I think this caller should invest 100% of this in a mutual fund and just live off of the dividends. Then donate/buy fancy car/have fun with THAT money
@@jaydee3696 that is if it is true I bet if it was they would at least get a trust, financial advisor, and talk to him about it
I’d be literally set for life with just HALF a million dollars... maybe someday.
@@angelgjr1999 look into HCMC and ENZC. Thank me at the end of the year.
@@angelgjr1999 that's about 10 years of living modestly. Not set for life
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You dont leave your kid 50mil without teaching them anything! I call bull...
Exactly. I would make sure my kid knew everything there was to know about money. But Ramsey gave some lousy advice.
you called
I wouldn't say definitely not bull but it is believable. Alot of trust fund babies out there without a clue for sure...
Arne Widding Who else would you leave it to? And he said he had millions before, just not nearly that much
this guy didn't want to know what to do with 50 mill. He wanted to call the Dave Ramsey show to brag about having 50 mill. Not sure I blame him lol
I hold enough in the bank to pay bills. Everything else goes to assets.
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@@richardfernande4142holding your assets is not the best option but investing them into a professional broker
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+1
What do I do with my 50mil inheritance?
Dave: sell the car
And purchase a Bugatti.
"You say you're from Sacramento? Don't worry. California will be glad to help you spend your money, all of it". The first thing I would advise Ken to do is move out of CA.
Why didn't Dave suggest this? Seems like a major oversight.
Sacramento is trailer trash country. It's as far from California while still being in it. People from the Dirty South would be right at home.
His father is inspiring, you don't have to do one thing, you can do many and be successful!
It is a wise man who seeks the counsel of another. Ken, you've been blessed beyond measure. Bless others with your blessing as you seek wisdom in what to do and thank God for His overflowing blessings in your life!
All I could think was how sad that he lost his parents. :( i was surprised dave didn't offer condolences, but I guess the show IS about money.
its called being heartless.
@@miketheyunggod2534 chill. He was just caught off guard with the fact the guy had inherited 50 million.
He could have just made a mistake.
Don’t assume he’s heartless.
Dave was still in shock, he thought it was a prank
I doubt many of us would mind getting an inheritance that large, but I hope that he is able to separate people who really care about his life from people who have only shown up since finding out about the inheritance because they want a piece of it
Anyone with two brain cells absolutely never tells anyone how much money they make, earn or inherit. Keep it to yourself. 💛
@thoughtfulpro371 the Narcissist and Egotistical will be the first to Fall. One can live comfortably to very comfortably with just a couple of million. Live silently, you will be grateful when you realize it at 80. It's less stress overall when you keep it on the down low.
Best thing is to say no. If I come into a large sum of money like that, I won’t give one cent to anyone who comes to my doorstep to ask for money. It’s my money and you don’t get a vote
The amount of giving and blessings a person can do with a large sum of money. As Dave says, it is definitely fun to give! I'm sure he already does give but with his inheritance, it allows him to do that even more. Awesome for his parents to be money savey and leaving behind such a huge amount. Money certainly doesn't buy happiness but it does help a ton. Pretty cool that he called Dave for advice!!
So many people are ungrateful when you “Give To Them” that I don’t tend to give much anymore. Things that people DONT EARN are some of the most bitter and hateful ones that try to throw a stick in your bicycle 🚲wheel the first chance they get. It’s just the society you live in. All this being said from experience
@@SFbayArea94121You don't have to give to the people you know or close to, you can go to some African country and drop 200k that can build maybe 5 or 6 wells which can be very helpful to those communities, or even better yet factories and let the governments handle the rest, that can create a lot of jobs.
0:13 the exact moment where Dave inside his head goes "FML!!!! 😤"
What a bittersweet blessing. Parents can be invaluable. I am sorry for your lost.
One of my customers who is already well off, (a well respected surgeon) in laws passed away and left his wife and him over 100 mill.
DO NOT let ANYONE tell you how to invest it. Take advice but it’s vital to make your own decisions
Something just doesn’t sound right. With a $50 million inheritance, it comes with accountants, lawyers, and money handlers. If he’s maintained as a millionaire, he knows how to guide himself or live under a financial handler. Also, only a cashout seems off if his father was “into everything” - no car, house, boat? This was a prank call and Dave got hustled into taking it.
Yeh sounded like bs
Agreed
one of my favorite segments on the show
What did your parents do? “My dad did everything.” No kidding 😂
"What do I do with 50 Million Dollars?"
"Whatever the F you want."
Well the first thing I would do is eagerly await to go to work the next day. I'd have a few things I'd like to say
Cashflow means rich! Assets means wealth!
Artem Lobov Cub Swanson
Artem Lobov THE GOAT SPEAKS
You know fookin nuttin
Artem Lobov wdym
what??
Respect for this guys Dad jezzzzus man was a straight hustler
Anyone who has that much shouldn't be calling into a show like this. Dave's show has it's purpose for people who are trying to get their finances on a better path. I personally just watch these clips for entertainment purposes.
Its great when somebody in same suituation calls
Dave I won 6 billion dollars, what should I do?
My life is so hard with these difficult decisions
Simon48 Only $6 billion?? Phew... Peasant... I inherited $100 billion! Top that
🤭🤫🤥
😝.
😝.
I've grown up with money and know how to use it well, even protect it. Hard for me to believe that someone who has that kind of inheritance (and said that they knew how to manage money), would even waste the time to call Dave Ramsey. I'd never call.
Ego & insecurity!
Biggest HUMBLE BRAG I've ever heard! Lol!
"I was comfortable"... LOL!
Really? *REALLY?!* I'd need no guidance on what to do with that amount of cash.
Step one is to do nothing with it. Your life and your image doesn’t need to change, and you don’t have to do anything.
There will be one change though-you just never have to worry about anything.
Imagine getting 50k for inheritance!!! This dude is getting 50 million😩
I want to imagine $50!
Looks like someone's trolling Ramsey!!
You would be very surprised at how many people out there have been left a lot of money by their parents and have no idea what to do next.
You don't receive 50M cash at once it wouldn't work like that.
Passionate Living trolling to the next level
Depends on the will. Sometimes it can mean receiving a large lump sump.
Yes it would.
What a legend good luck to him
One crazy weekend in Vegas.
Wow Ken what a blessing.
Invest 95% wisely, live off the profit. spread 5% around.
Jeremey Allen "wisely" means nothing.
Jeremey Allen If the investments tank, then what? You are clearly a gambler...
14% return on that a year is 6.6m
@@NateshasAmbience so stupid it hurts
Even just the interest on this is way too much for a human being. Keep ten percent to invest, and the interest off that 5 million will make you very wealthy forever. Give away the other 45 million to the best charities you can research.
Ramsey advice works best when in debt
That was some disappointing advice. He didn't even bother to get to know the caller at all to help with specific advice.
SC Nurse The caller already knew what he was doing with money (+Millionaire).
SC Nurse I think he was disgusted with the kid showing off his money on his show or just flabbergasted at such a question. my answer would be "do exactly what your parents were doing, learn from their mistakes and achievements, they set an amazing example for you"
I think when you have call and after call with people struggling just to pay off debt, the last thing you want to do is spend valuable air time glorifying someone who just received this amount of money without putting in the work.
I think Dave knows b.s. when he hears it. So all he does is humor the caller and gets it over with for the next caller with a real problem.
i mean dave ramsy is worth about 55 million dollars now probally alot less then he is at this point of the video and im sure he have some debts leverage and troublesome asset that is hard to liquidate this guy got 50 million in cash plus his on money and assets its hard to advice someone who is richer then you and is in route to manage more wealth then you have so his advice or lack of his reasonable i would not advice bill gate how to make and spend his moeny.
5 million = buy 5 estates & rent, profit for tilth
15 million = solid 5 estates
10 million = safest interest earnings
10 million = high value small items
5 million = personal use
5 million = community small loans
Thank you
$50M= spend it and live your life before you’re dead. It’s not complicated.
Holy moley
That’s what my great grandfather did, he had a dealership called Kelly Motors that used to sell cars to Hollywood he had millions the number I don’t know but it was definitely at or above this amount. Anyway over the years my mom got cheated by people in the family who weren’t supposed to get and took it anyway, so we ended up poor with nothing…..
Troll caller lol
Might I suggest John Goodman's speech in the gambler. That should do.
"I was comfortable." He is a billionaire.
Huh
hes not tho
Immediately hire an accountant, financial advisor, and a tax attorney. Then hire a lawyer to oversee all of them. Most important thing to do is be humble and keep as low of a profile as possible.
Dave Ramsey said it, best around 1:05-1:08...
He isn't wrong, either.
The host tithes ten percent to his church and gives on top of that? WOW! He is a very generous man.
When you make Dave speechless you know you got the beans.
not buying this one at all, show filler imo.
What you mean?
BS question to pad out the show.
lol really I don't think we ran out of financial problems that they created this call for filler.
Good one
Its canon bro
Holy Molly! Your set for life
Send me a few milli “best friend” 😂😂😂
Dave Ramsey is sure prepared to have a psycho calling him from time to time. It is a waste of his time, but it shows how he cares and empathize.
Must be nice winning the parental lottery.
His situation reminds me of the movie "Mr. Deeds"
Very broad advice for a question that needed more in depth answer.
"An unbelievable sum of money." Quite correct. A fictitious story from an imaginative caller.
Most likely you are poor
Imagine 50 million in cash .
Thought Dave was going to ask if he had his baby step one down with his $1,000 emergency fund
Great call.
50 million you are blessed dude
OMG, a rich kid who grew up with a savy business dad never knows how to manage his inheritance? COME ON!
Ken needs to invest in the multi-million dollar state-of-the-art invisible condo in my backyard. Ken call me, and I'll give you the details.
invisible condo.. LOL I got to say, never heard of that one before :)
Carole Ingram If you're buying, I'm selling. ;D
Boat He'll give you some invisible hundreds too!
Throw in the invisible plane and you sir have got yourself a deal.
This was just a calm flex
I saw on your website that you should give 10% to charity
I really have a set idea on a local free community run playground I would love to help
But I'm not sure who ever runs it handles money too well currently. They have plenty of sponsors and donated equipment, but it is run down
I really don't think I should approach them with the money, should I offer to fix the equipment on my own to start?
Is there anyway I could access public records for nonprofit spending 🤔?
I'm not sure where to even start honestly
Nobody asked me, but if I'd had this massive dump of money dropped on me: I'd set up a scholarship foundation for inner city kids for STEM degrees and personally interview the selected candidates in their homes and meet them personally to tell the scholorship winners they will get to go to college on my dime, so I can see the faces of the kids and their families.
His ego was just hungry and wanted to tell everyone. that's all
Tyler Zang real wealthy people that aren’t celebrities, really like to keep the fact they are wealthy to themselves. It actually doesn’t feel good to know you’re rolling in money when just about everyone around you is struggling.
seneca If everyone around you is struggling, you’re in the wrong room.
How can you judge motive? It's not like we see his full name and face...the guy just wanted advice from someone with a net worth over 50million as well. Chill.
@@ghorn1217 Most Americans don't have $50 million liquid in their bank accounts, so generally speaking, yeah, everyone around these uber-wealthy ARE struggling.
@@ThePecanTan So, per your post, anyone who does NOT have $50 million liquid is "struggling"? Run along, dear. Clearly you need to be spoon-fed and I haven't the inclination.
Some people are just blessed. Wow. 🤯.
So glad that he didn't ignore giving
At this level I would get into philanthropy , I would still shop at the Dollar Store once in awhile , Invest in Apple and Berkshire Hathaway , Just go out and live and have fun , You can write off Donations at Tax Time , I would seriously think about water purification systems for people with bad water and cleaning up the Pacific Ocean Somehow :) QC
So we’re supposed to believe that this guy likely knew he was going to inherit his parents’ fortune, yet has NO idea what to do with it now that he finally has it. Yeah....this is a prank call.
Thaaaaaaaaaats insane🔥🔥
Fifty million dollars? Man, who do you think you kidnapped? Chelsea Clinton?
When we hear someone inherits $50 Million our automatic response is, "Give me some!" Not me... I want to pay off my debt with my own blood, sweat and tears and become a million on my own two feet. Now, to turn things around if that was me, I'd take a cruise with my husband and adopt a child... these are our life goals....
Love, Rosie I never once thought that I would like some of his money....
Amber Dickerson Good glad to hear it! :)
consider being the healthiest you can be to help achieve your life goals to live longer with ur loved ones and avoid discomfort/illness
Dave, you need to implement a proven 'Caller' screening system, to cut through the BS... lol
I could see daves desk raise a couple inches when the dude says cash
Hi Dave, so my parents inherited me $0 so what should i do with this kind of money?
First thing is make sure you have money for the tax bill!.. Talk to a CPA like yesterday!
He has enough for everyone’s tax bill.
Inheritances aren't taxable
I spent his 50 million for him in my mind already. Sorry bro! Only took 15 seconds
I wish be went into more detail on how to invest it and what to invest it in
Is this is legitimate I feel for the guy and I hope and pray that he stay away from the wrong people in the wrong Investments because his whole life is getting ready to change for the worse when you inherited money by making it yourself or inheriting it it brings a lot of pain so my prayers go out to him and his family stay strong brother you're definitely going to need it
120k would change my life just putting it out there
Chop, chop. Then get to work and make $120k.
@@ghorn1217 same for me. and i need a lifetime to make $120k in my country.
@@robert8930 Do you mind me asking what country you are in?
@@LifeofKnowledge8 Romania, 400 euro a month average salary. USA have it so easy with their salaries, they could always work 1-2 years and retire happily in here, buy a penthouse for 150-200k and live on 500 euro a month.
@@robert8930 That's why we get so many Romanians coming over to the UK
Dave:Who left you 50 million dollars?
Me: The tooth fairy, i have too many teeth...
If you can handle a little money with respect, you can handle a large amount and the caller said he had money, just not the big amount. Attorney and a good accountant.
I would put it in my checking account and then decide what hedge fund to put some of it in.
troll. $50 million, and your first call is to Dave Ramsey????????????????????
Why not tho?
@@iMagicProGaming well it would be in a trust (most likely bonds and get one million a year) get financial advisor for dividends talk to him about it
@@iMagicProGaming You do dumb stuff when you are overwhelmed. I assumed he was just excited and wanted to se Dave’s reaction.