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Las Vegas senior asks Dave Ramsey what to do with $200K game show winnings — here's why he's wary of windfalls

Moneywise
Summary
Nutrition label

66% Informative

A Las Vegas woman says she recently won $ 200,000 after an appearance on a game show.

She and her husband are semi-retired, living on about $4,500 a month in Social Security , plus some part-time work.

They recently downsized their home and owe $ 85,000 on the mortgage, which runs them $ 756 per month.

Dave Ramsey : "If you had $ 600,000 , I would tell you write a check and pay off your house".

An emergency fund with three to six months ’ worth of expenses, parked in a high-yield savings account, can protect you from going further into debt.

Consider setting one up, if you don’t have one yet, and contributing the maximum amount yearly .

A financial advisor can help set you up and invest for long-term growth so you can enjoy your golden years .

VR Score

51

Informative language

38

Neutral language

55

Article tone

informal

Language

English

Language complexity

23

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

External references

14

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