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The Many Pitfalls of Sudden Wealth

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The Many Pitfalls of Sudden Wealth

Can you imagine there being a downside to suddenly coming into a lot of money?

In this episode, Rey Descalso talks about the many potential downsides — or pitfalls — to a windfall, whether it’s from an inheritance, new client, or lottery win. No doubt, your life will change. But as you’ll soon find out, how your life changes is completely up to you.

In this episode, you’ll learn:

  • That there can be disadvantages to gaining wealth quickly
  • Why it’s important to take time to absorb what has just happened and how it can change your life
  • Who actually needs to know about your new fortune
  • Why it’s crucial to surround yourself with the right people

Tune in now to find out why it’s not the size of the windfall that matters, it’s how you handle it!

Related: The Four Habits of Highly Effective Retirees

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