Tuesday, June 17, 2008

Dealing with sudden wealth

What would you do if you get rich through a windfall? May be through sale of a property or receiving an inheritance or through an insurance settlement or getting lucky in a lottery draw!

This article that came in Times of India goes into the details of such a situation. According to them,
Most beneficiaries are not prepared for the consequences of sudden wealth. They are often clueless about how to deal with a large amount of money. Studies show that more than 35% of lottery winners declare bankruptcy in 10 years.
They key to face such a situation is, invest properly! Have a look at the article.

1 comment:

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