Dave Ramsey shares his best advice for what to do if you suddenly inherit millions of dollars

For those young people poised to inherit considerable sums of cash, personal finance influencer Dave Ramsey has some advice for you. In one of his recent shows, someone called in asking what they should do with the $50 million they just inherited from loved ones.

The best high-yield savings accounts are paying way more than most Americans realize, with some are offering cash bonuses for new accounts. Click here to see our top pick today.

Undoubtedly, not very many of us should expect to inherit a sum that large. Eight figures is an exorbitant amount, especially for someone who may not know how to manage, save, or invest.

Many of today's young people will inherit significant sums over the next few decades. Knowing how to manage such a financial windfall is key.

Read at 24/7 Wall St.