Ramsey Everyday Millionaires How Do I Invest My Inheritance to Replace My Income?
Nov 24, 2025
This week, 75-year-old Lynn from Oregon discusses her journey of caring for her mother with dementia and her recent inheritance of $105,000. She faces the challenge of replacing her income, as her expenses exceed her Social Security benefits. The hosts emphasize the importance of consulting a SmartVestor Pro and not touching her emergency savings. They encourage Lynn to pursue her passion for writing as a potential income source, underlining the need for strategic investing to secure her financial future.
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Caregiving Led To An Unexpected Inheritance
- Lynn quit her job to care for her mother with dementia for seven years and received an inheritance after her passing.
- She used prior inheritances to pay off her house and has a history of frugal living and tithing.
Protect Savings; Don’t Rely On Principal
- Do not count your $16,000 savings as income and preserve it as an emergency fund.
- Avoid touching the $100,000 inheritance as a primary income source because it will not last long.
Find Earned Income To Bridge The Gap
- Find work you can do now to generate income rather than relying solely on investing the inheritance.
- Use earned income to build savings so the $100,000 can be left to grow and last longer.
