Man was setting his life and family up right and he didn’t get the chance. Good Man!

Even after his death this man is still taking care of his family.

I love how she knew all her numbers before she called. Kudos on her husband for his planning

Her husband did a great job setting his family up for financial success.

Bless the man who leaves his children an inheritance

Sell those properties. You do not want to be a landlord with 5 kids.

Unfortunate the husband past, but he did a great job ensuring his family can move forward from a finacial aspect

This is why term life insurance is so important. Her situation could have been entirely different without it. She had a smart and loving husband. 🥰

Dave made me cry because he was so kind to that lovely lady.

Again...I'm crying broken hearts for this lady and also cry because Dave is loving and living out what the word of God says to do!

She had a real MAN.

In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

Thanks, Dave, for your faith and generosity to bless this woman with the skills and knowledge she needs to confidently carry on after such a heartbreaking loss to her family. Great example to live out your beliefs.

Good husband. Awesome wife. Great advice. Sorry for her loss.

Please check out the loan documents - including the car. My past loan docs had a 'death clause' in it. If I died, for any reason, my loan was paid off - my 'mortgage' and car both had it. Just something to check on.

Good on you Mr Ramsey for helping out a fellow person of faith in need!

She sounds like she is a smart woman. She will do great! My condolences to you and your family.

Thank you uncle Dave! God bless you and the caller.

Thanks Dave for helping guide this woman! LOVE IT!

That would be a very overwhelming time in someone's life. She should be fine if she does what Dave says and she doesn't listen to advice from the peanut gallery.

God Bless you for helping this lady. She has a load to pull.

Wow. Nice one, Dave, and team! God bless, man!

*2 Rentals combined flow $1200 a month* Good Lord, dump them tomorrow!

My grandma was a housewife. My granddaddy had their mortgage set up to where the balance on their house would be paid off if he died before he paid it off. He died. They built their new house when my mom was in high school. My grandma never had to make a mortgage payment. All the insurance money was then for her to pay for her needs plus she had his SS. This provided some peace of mind as she went through the process of reshaping her life. Especially if only one person works, this is something to look into.

God bless this dear lady and her family. ❤

Wow no debt from the husbands medical that's rare.

I'm sitting here crying.... so glad Dave is going to take care of her...

Love this call!

A few points to consider: 1. This caller needs to sit down with a tax professional and determine the tax implications of selling the rentals. Lot of factors come into play here. 2. She could hire a property management company to manage the rentals. Of course, there are good and bad property managers just as there are good and bad tenants. You might exchange one issue for another. 3. $1200 monthly cash flow on $550k worth of properties sounds low to me.

It's good to be self financing just in case you lose or cannot rely on a partner to pay your bills or be on their medical plan.

I would sell both income properties right away. Use that money to pay off the main house %100. Then I would fully invest that life insurance money

Condolences. Very good 👍🏾.

Do NOT hire a Smartvestor Pro. You don't need to pay anyone to tell you simple stuff.

My heart goes to the entire community for PbatesLTD building up something even my grandpa can understand. This is so smart by them to launch it to shatter the doubts and fears of the common folk which is not even correct to begin with. Everyone knows the state of inflation and recession now and the way out is already in progress. Now it's just about catching the big fish

I wish her and her family the best 🙏🏼 Her husband was a great man

So different than the widow a couple of years ago. Dave said someone helped her with her mortgage and she was really clueless with finances but didn't have the life insurance. I wish both of them well.

Imo this is why the majority of people have a YOLO mindset with money....tomorrow isn't promised. Cancer does NOT care how healthy or not you are.

this!! this is why every adult in the household needs to know what the bills are, when they are paid, where the money is.

Yes, her husband should've done this or that. But the fundamental thing still stands. If you're out of debt, you can afford to help out more to people in hard situations.

Don't sell the rentals....pay them off and keep them. Hire a property manager to cut back the hassle. Mainly because they will go up in value, it's not as much about the cashflow but even if they break even in that regard they will sell for way more when she's ready to retire. Appreciating asset.

These are my favorite calls

Sorry for her loss. Too bad he didn't pull her in to show her how to manage the finances. All couples should do that, you never know how much time you have left, things can happen in an instant.

Lit ep

Salute to her husband. See It up for her to worry just a little less

In America - do you not have death in service benefit insurance? In Europe this is normal - your employer normally pays it and it means that if you die your estate gets 4 x times your salary. This is separate to any personal insurance life policy one might have. In addition, in Ireland and the UK, one has to take out mortgage protection insurance - meaning that if one dies, that policy kicks in and pays the remaining balance of your mortgage. This product is mandatory either a mortgage. This generally means that any proceeds from a personal life insurance policy don’t get eaten up by any outstanding mortgage.

If there was ever anyone to fully benefit from FPU, this lady is the prime candidate. Hopefully she's doing better now that a few months have passed by.

It'll be better for her to not pay off the rentals, but just sell them. They put the profits into an index.

I've handled our finances since we got married, but decided to move a majority to an advisor a couple of years ago, specifically because of this - want my wife who has not handled any finances for our 24 yr marriage, to have someone who understands our situation and give her competent and trusted advice if something happened to me.

she needs to sell the rental properties.

I am a widow. My advice to this woman is to NEVER TRUST FAMILY when it comes to money, especially in laws. I also own a rental management company. Being a landlord is work and unexpected bills pop up all the time, so I agree, she should sell these houses. Most people have no idea how much work and expense it is, contrary to popular belief.

Dave shows empathy/sympathy in the beginning then wants to get straight to the numbers. He does not care 😂

Parents, you can want "traditional gender roles" for your children all you want, but girls need to be taught how to support themselves and handle money and boys need to be taught how to keep a home, care for children, and tend to themselves. You never know what life will throw at you, what we don't want is for them to feel that they NEED to have the partner who is "supposed" to do that task. I've heard many a tale of a woman who finds herself alone getting tied a man she shouldn't be with because she feels she can't support herself and her kids. Likewise, there have been probably as many men who pair up with the first woman he sees because he can't take care of his home or children. Both can lead to feeling trapped in toxic, abusive marriages.

Real estate is a good investment. However repairs need to be done by you or professionals then supervised. That takes time and money away from the rental income which wasnt that high to begin with. So selling the rentals is good, solid advice. Prayers for this family

Im staying in PbatesLTD till after ETFs being approved and will move into alts after that...

i love the teachings

If you see this message Christin stay strong your are strong woman ALWAYS remember your lovely husband making him proud. He did a great job

I think she should learn how to be a landlord. She has a kid that will need a place to live soon. These amounts look like the properties were bought when prices were still reasonable. In fact, her kids might hate her for selling the houses. It's not like she's scrambling for money and needs to sell.

Wow. He set her up wonderfully. Good job, husband.

This is why both people should be working together on the finances.

Husband did great making sure his kids were ok and yes sell and just take care of the kids they are going to take to much your time if u want to work work from home 🏡 to make expenses low

Sell the rental properties. Pay off the house. Invest the real estate and ins money and earn 10% interest and dividends. Draw the money needed for expenses.

Time to simplify. Sell the 2 rentals. Keep the primary mortgage at

This could be me if anything happens to my husband. He does the job and bills, I do the house and kids. I don't even know how to access our account on line. I buy groceries and gas and Walmart.

I wonder if there may be a lesson in this tragic story. My heart goes out to the caller. So sad.

I hope that Dave follows up with her and holds her hand through this for quite some time.

I mean I'd pay off all 3 mortgages and the car, she'd still have a healthy pile of cash she could set some aside for an emergency fund and invest the rest. that monthly income from the 2 houses would instantly turn into 1200 plus whatever the 2 mortgage payments are. If she decides she really doesn't wanna be a landlord, she can always sell the homes down the road and get a much bigger check walking away from them. It'd be different if it left her flat broke doing that.

No credit cards! 👏 🙌

Sell the two properties. Get rid of that headache. You are set for life because your husband is a good man. You are in a great position. So sorry for your loss. Go and live your life.

Damn, her husband really did well to take care of his family. My only criticism would be that he didn't fully upskill his wife about financial management.

institutional buying into PbatesLTD could totally break the cycle and the peak expectation of end of 2025 will likely spectacularly fail to appear. If the last double peak was odd, the next one will catch most people out again.

Sell the rental properties. Agree with simplifying. The revenue generated isn't that huge; combined with the learning curve and risks a small landlord faces in a crazy legal culture that loves squatters is not worth it. Take the leftovers, and invest the majority, with substantial emergency fund, and the life insurance. Do NOT pay off the 2.65 mortgage. Beating a 2.65% rate is crazy easy. Paying it off early is losing money even considering only using moderate, conservative investments. You can get tax free 4%+ AAA municipals right now. you could ladder CD's to beat that interest rate.

I would sell the rentals, pay off the house, set up trust funds for the kids, invest the rest, live off my job.

Keep the rentals and hire a property manager. Give them to your kids in the future.

What about a property management place to help her keep the property and they can take the burden off of her.

I’ve been paying bills on my own since age 18, I feel sorry for this lady.

He set his family up, they owned three properties while he was alive. She will send both rentals and put that money towards the main property 👏🏾

Oh how I wish she had gotten involved in the family finances 3 years ago when her husband first got sick. But if she isn't confident in her ability to handle the family finances she definitely shouldn't be trying to handle 2 rental properties.

sell those two rental properties. Don't be a landlord anymore. Keep your house or pay that off too. You have enough money to do that and hopefully you don't have any car payments. You can get a counseling job now that you got your masters that's exciting. So sorry to hear about your husband passing.

Wow

It’s very important for women to be financially literate & independent in this day & age. Poor lady sounds lost & scared, I feel sorry for her.

Hmmm, I wonder what happened three years ago that has been causing all this cancer? I’m sure if I poke around I can surely take a shot at finding out.

Didn't even care about her husband. Even in death she still complains about him.

Sell the rentals. Too much to handle with little kids and new bereavement.

Cancer suks

Sell the rentals

Yes, this woman lost her husband. However, financially, she is in a great spot. I didn't see post on the survivor benefits from Social Security. She will get thousands every month. Add this to her salary if she works and they are set for life.

"On us"? I wonder which part?

“ What happened “ is sooooo rude !

I never understand how and why people who can't afford a lot of kids have a lot of them, and those that they can only have a couple of kids, if that. $720K, with 5 kids, and three mortgages won't go very far. Still, better than a lot of people that call this show. Must have been a good, responsible man. Let her keep the rentals. She will need the cash flow.

Go against his plan, undo everything he built, throw it in stocks and go back to work? Thats the advice?

incredible to me that these wives dont know how to handle the business of marriage

Oh, the problems of the wealthy people.

What a horrible marriage. "You make babies, I'll look after the money".

For the idiots saying he didn’t set his family up well. None of you have a million to leave your family. This guy did great and at least she wants to learn. Doom and gloom people as always.

Long live her husband

Most definitely not first

As a widower I could have used this advice 8 years ago. I’m crunching the numbers and what I see is the interest on that remaining mortgage once paid off is going to result in close to that $1,200 cash flow from the rental properties. She still has the property tax deduction on the main home.

*Sees title:* Dad?

Why have. 5 kids and make like challenging

$1200 income without paying off any debt. She should keep them.