5 Tips on How to Handle Sudden Wealth
Whether you just signed a multi-million dollar contract or inherited property from a wealthy relative, here are some tips to help you keep—and grow—your wealth responsibly
1. Count the money. Take the time to add up the money for yourself. Sit down and carefully read every piece of paper associated with the windfall. There will be lots of legal gobbledegook and fine print. Read through it all. Highlight areas you don’t understand. Use the Internet to research terms and entire phrases. By doing this homework, you will be better prepared for the next step.