Everyone at some point in their life imagines progressing from a place of just getting by financially to a place where money no longer is a worry (or as worrisome). This is why so many people strive for more financial security through promotions at work or by taking on a side hustle. For others, coming into money unexpectedly can yield …
Sudden Wealth Syndrome | Pitfalls and Possibilities
Most of us know somebody who has “struck it rich”. Whether that be a high income promotion, winning the lottery, a divorce settlement; or an inheritance. Sudden Wealth Syndrome is a typical effect after a financial windfall. It can cause a sudden and unexpected life transition for individuals and families. For the most part, many people are not prepared or …