Ramsey Everyday Millionaires We’re About to Get $6 Million—How Do We Manage It Wisely?
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Jan 19, 2026 A couple navigates a significant business sale, bringing in six million dollars. The hosts stress the importance of tax planning and caution against rash financial decisions. They encourage defining family goals and prioritizing generosity. Paying off debts and adopting a no-debt mindset are highlighted as crucial steps. The discussion includes maintaining children's routines and using funds wisely for college and retirement. The episode wraps up with encouragement to enjoy life's rewards while being financially responsible.
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The $6 Million Sale
- Nicole reveals her husband is selling nearly half his business for about $6 million.
- The hosts react with congratulations and lighthearted suggestions like buying jewelry.
Pause Before Making Moves
- Do nothing rash with the money until emotions settle and you understand the tax consequences.
- Hire a great CPA first and then consult a SmartVestor Pro to plan investments and taxes.
Use Windfall To Become Debt-Free
- Pay off all debts immediately, including mortgage and business vehicle loans.
- Then fund retirement, set a spending percentage, and plan generous giving as a family.