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Larry Wheels was SHOCKED when he realized how different their monthly spending is after his WIFE revealed she spends $50k a month 💰😭 “How much do we spend monthly? Um, good question… for me, I mean, between food, recovery, gym membership, which I don’t have because I have my...

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A 40-year-old woman got divorced and walked away with $1.1 million, a $715,000 401(k), and $115,000 every month for seven years. Caller: I recently finalized my divorce after being a stay-at-home mom for 14 years. I got what I consider a pretty good amount of money, but I honestly don’t know what to do with it because I let my ex-husband handle all of our finances. Co-Host: How much money are you getting? Caller: I got a check for $1.1 million, a $715,000 401(k), and $115,000 a month for the next seven years. Host: How old are you? Caller: I’m 40. Host: So you’ve got guaranteed income for the next seven years. That’s nice. Caller: I’m completely debt-free, but I don’t own a home because I just got divorced. I’m renting right now for $3,600 a month, which feels really expensive. Host: It is. Caller: I have about $95,000 in a high-yield savings account, and I recently started a Roth IRA. I know almost nothing about finance, so I’ve been trying to learn. My question is, can I live off part of this money, or do I need to get a significant job? Host: The good news is you have a monthly income for the next seven years, so you’ve got some time to reinvent yourself and figure out what you want to do with your life. You obviously don’t need $115,000 a month. Host: Figure out what you actually need. Maybe it’s $7,000 a month. Then take the rest and invest it every single month. You’ve been bought time to figure out a career path for yourself.

Paris 🗼

74,834 Aufrufe • vor 18 Tagen