I just received a larger sum of money than I’ve ever dealt with before. What should I do next?
Ask the professionals – August 2017
August 9, 2017
First published in the Peace Arch News
Money can be a blessing or a curse, depending on the choices you make. My advice in these situations is always to avoid making big decisions right away.
Let fluctuating emotions (both positive and negative) stabilize, and don’t say or do anything that could change the way the people in your life relate to you. Gifts, if wise, will still be a good idea three months from now. We have all heard about lottery winners ending up broke. Unfortunately, those who sell a business, downsize a home or receive an inheritance make similar mistakes. “Sudden Money” by Susan Bradley is an excellent resource for those who want their newfound wealth to positively impact their life. You will have an overwhelming urge to start making decisions, but take time to research the options that are available to you. You are welcome to include me as one of the professionals you consult in this process.
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