The Sudden Wealth Paradox is a two-part article guiding you through both the emotional and financial aspects of suddenly receiving a large amount of money. The surprise is – it’s not all easy streets.
Part 1: Managing Your Emotions
Most of us are comfortable with becoming wealthy gradually. Over the years, we build up equity in our homes, our earnings increase, and we can afford nicer things, like a better car or a more exotic vacation. But, when a sudden windfall happens – from the sale of a business, the sale of a house or farm, an inheritance, or even lottery winnings – the results can be unexpected.
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