I recently wrote a column for Forbes titled “Don’t Make These 6 Common Sudden Wealth Mistakes.” Here are the six common sudden wealth mistakes:
1. Making unnecessary decisions.
2. Spending money.
3. Promising anything or making commitments.
4. Sharing news with others.
5. Retreating.
6. Self-medicating with alcohol/drugs.
You can read a full description of each by going to the Forbes column: Don’t Make These 6 Common Sudden Wealth Mistakes
About the Sudden Wealth Financial Advisor
Robert Pagliarini, PhD, CFP® has nearly three decades of experience in financial planning and investment management for the suddenly wealthy. Robert is a CFP® Ambassador, one of only 50 in the country, and a fiduciary. He authored the book The Sudden Wealth Solution: 12 Principles to Transform Sudden Wealth Into Lasting Wealth in hopes of helping those deal with sudden wealth and the emotions that come along with it. In addition to his Ph.D. in financial and retirement planning, he earned a Master's in Psychology to better understand and be equipped when helping clients manage a windfall. He has helped clients from across the United States who have received a windfall from an inheritance, lawsuit settlement, business sale, stock options, sports, and entertainment contracts to make sense of their sudden wealth. When he is not helping the suddenly wealthy, you can find him writing personal finance books. If you're needing help managing wealth, contact Robert directly.
