The Ramsey Show Highlights We're Worth $40 Million and Still Have Money Problems
Aug 18, 2025
A couple with a net worth of $40 million grapples with unexpected financial challenges. They share stories of misguided financial decisions and the irony of liquidity issues. The complexities of managing such wealth are highlighted, particularly the impact of poor investment choices on personal relationships. Listeners gain insight into the struggles of luxury living and the need for personal oversight in financial matters. Itâs a revealing look at how wealth can complicate life rather than simplify it.
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High Net Worth, Low Liquidity
- A caller reveals a $40 million net worth but limited liquid income and a paid-off vacation home.
- They consider a HELOC because $30M is tied to a company with restricted redemptions.
Don't Use A HELOC To Fix Spending
- Do not borrow against your paid-off home when you have multimillion-dollar assets.
- Avoid using a HELOC to cover spending when other liquid assets exist or can be accessed.
Wealth Is Only Useful If You Control It
- Net worth means little if most assets are illiquid or controlled by others.
- Control and access to assets matter as much as headline wealth.