19-year-old calls Dave Ramsey to tell him he inherited $100k and doesn't want to blow it

When 19-year-old college student "John" inherited $100,000, he sought advice from The Dave Ramsey Show. Ramsey emphasized the importance of financial discipline, advising John to first pay off his college loans, then cover his remaining education expenses in cash. He also recommended establishing an emergency fund to cover three months' expenses and advised John to leave the remainder of the inheritance intact until he improved his financial literacy through education. This approach highlights prudent money management for young inheritors amid rising inflation.

Your first move after receiving a financial windfall should be to pay down debt.

Ramsey's first suggestion was to pay off college loans, then proceed to pay the remainder of his education costs in cash.

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