Rachel Cruze (2:36)

All right, so let me. Let me jump in for a second. So how much are you planning to give each child? The same amount or different amounts?

Valerie (2:45)

Same dollar amount across the board. It's not. I mean, it's not huge. I'm just thinking like, where's Bill?

Dave Ramsey (2:50)

What are you thinking?

Valerie (2:51)

Maybe just 10,000. Just like 10,000. Just something just to kind of help them, ease them their financial life.

Rachel Cruze (2:56)

All right, so. So where's Bill at on this deal? Bill?

Bill (3:01)

Yes, sir.

Rachel Cruze (3:01)

Where are you at?

Bill (3:03)

I. I personally think they wait until something happens and we pass on to the other side and they get the whole shebang that's in our car.

Dave Ramsey (3:09)

Okay. This is a fun. Okay. This is a. Yes, this is an interesting discussion.

Rachel Cruze (3:13)

Okay.

Dave Ramsey (3:15)

Because I read a book which you guys should read just for this discussion, because I don't agree with the entire book, but it's been parts.

Rachel Cruze (3:22)

I love that you're coming with a book record.

Dave Ramsey (3:23)

It's called Die with Zero. Have you heard of this?

Rachel Cruze (3:25)

I know this book and it's on my list.

Dave Ramsey (3:27)

It is. It is interesting because part of this discussion is what you guys are talking about, and it's his philosophy, basically, is give your kids their inheritance now. What now? So that. Because the most time, according to the book, that people need money. So to your point, Valerie is really between 24 and 34, you're paying off student loan debt, you're getting your first home. Usually transitions with a marriage and kids, like the most happens usually within that time frame. And they could get a head start, quote, unquote, financially, if they had help with a down payment or if they. Whatever it is, and then they get to build above that and they get to start earlier versus them getting money. This is not kind of against you, Bill, a little bit, but versus the older kids now being in their 60s, when Bill and Valerie pass to the other side. Well, when you're 60s, you're pretty much all set up. You don't really need it or you shouldn't. And then what do you do with that? Right? So it's just kind of like, all.

Rachel Cruze (4:19)

Right, so let's stay there.

Dave Ramsey (4:20)

Go ahead and use it.

Rachel Cruze (4:21)

So before we get them. So if that's the case. And. And you're not necessarily saying they do that here.

Dave Ramsey (4:26)

No, it's just a. It's just a take.

Rachel Cruze (4:28)

They don't. Valerie and Bill, to my knowledge. You two, y'all speak up here. You don't have already a set amount that you were going to give outside of this conversation of give them all ten grand out of this inheritance. But, Bill, if I'm hearing you right, you're going. We don't know what chunk it'll be, but whatever we have left when we die, that's what they get. There's not a certain amount of money that you would be in favor of giving them. Now, this. This idea that Rachel put out there, would the two of you go, all right, if we gave them a larger chunk now, would you be okay with that?

Bill (4:59)

Well, my thing is, so we're going to be paying off our house and a few other things that we have. I just don't want to. I would rather that money continued to grow because now we will be financially set and then in hopes, if the market is the way it should be, we would have multi millions in there for them whenever we die.

Rachel Cruze (5:22)

All right, but that's contingent on you guys stewarding it as you would, and it grows over time. So. I appreciate the book idea, but that's. I feel like that's only applicable to people who have a large chunk of money.

Dave Ramsey (5:33)

And that is true. Yes. That's fair. So in this case, which is them, in a sense, they have 3.5 million.

Ad (5:37)

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Rachel Cruze (5:37)

So in this case, you two, you guys are. You're calling us to weigh in the middle of this deal.

Dave Ramsey (5:43)

I want to know, Bill, from you. I mean, it's 40 grand, which, granted, it's nothing to sneeze at, but 40 grand out of 3.5 million, it's not a ton.

Rachel Cruze (5:51)

That's where I'm at.

Dave Ramsey (5:52)

So is it. What's bothering you about it, Bills? It is.

Valerie (5:55)

It.

Dave Ramsey (5:55)

It's less about the dollar amount and probably maybe the principle of it. Is it.

Bill (5:59)

Is it truly equal to all four? Because there's four different situations.

Rachel Cruze (6:03)

Yes. I'm going to tell you as a father of three, Rachel's a mother of three, my vote is yes, each one of them gets the same amount. You create a whole. I don't like giving them all different amounts based on their realities.

Dave Ramsey (6:17)

And you could wait with like the one in college and say, we're going to hold it until you're 25. You know, I mean, there could be an age.

Rachel Cruze (6:24)

But where are you at on the ten grand each? Forget the number amount. Is it an equal?

Dave Ramsey (6:29)

Oh, it's equal, yeah. I think you agree with me.

Valerie (6:31)

Yeah, for sure.

Dave Ramsey (6:31)

I think it needs to be Yeah, I feel like it get real messy real quick. Yes. Even though certain kids obviously maybe need more right now. But I also want this. Whenever you give a gift of money you want it to be a blessing. Right. You want this not to continue to harm. So if you do see situation where this could be actually not good for them and leads them in more of an unhealthy path, that would be more of a pause for me just to think through. That's why the age limit may be something to think about. Like when you're 25. You get it. I don't know. Yeah, just throwing it out there. But no, I'm in favor. Sorry Bill.

Rachel Cruze (7:04)

I am too.

Dave Ramsey (7:04)

I'm on validation. Sorry Bill. 10 each and it's such a small percentage compared to what you guys will leave them anyways.

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