A (0:02)

Brought to you by the EveryDollar app. Start budgeting for free today.

B (0:06)

This fall, my wife and I will be coming into a significant amount of money. It'll be like, probably a million after taxes.

C (0:15)

Wow.

A (0:16)

What's going on?

B (0:18)

And so I want to be smart about it. My wife and I kind of disagree about this. So she wants to move. There's an area of our city that she really wants to move into. It's incredibly expensive.

A (0:31)

I know where you're talking about if you're in Charlotte. I know.

B (0:35)

Yeah. Yeah. So. So our neighborhood doesn't have very many kids, and our oldest has no one his age. So that's. That's a big portion of why. Why we want to move about. We owe about 182 on our.

A (0:48)

Kevin, Kevin, Kevin, Kevin. You're going so fast. We got a couple questions for you.

B (0:53)

I'm sorry.

A (0:53)

No, no, you're doing great. How old is your child?

B (0:58)

My oldest is. Is 11.

A (1:00)

Okay, so you got 11 year old. And then how. What is. What is creating this windfall? What's the. What's the 1 million coming from?

B (1:07)

My wife. She's a rock star. And so she. She's selling or she's. She's moving a book of business to a different institution. That's one of her. What's one of her incentives?

A (1:18)

Okay. Okay. So this is. So this is considered income. This is not an inheritance. That's why I asked that.

B (1:23)

I was.

C (1:25)

That's a big deal. So tell me more about the numbers you want to move. You gave me the reasons why. I don't know how good those reasons are, but I digress. Tell me the numbers so we can see this makes sense.

B (1:36)

Okay. So we owe about 182 on our. On our house. We bought it for 100. We bought it for 265.

C (1:44)