How to Manage Finances When You Get a Lot of Money?

[Suba]

Everyone's fortune cannot be predicted when it will come, many people get a lot of money either from inheritance, winning the lottery, profits from selling other people's property, etc. However, according to several sources that I have read, most of those who have a lot of money suddenly often run out without a trace, maybe they are not prepared to have a lot of money, do not have a clear plan, what do you think?

 

[Augusta]

Getting a lot of money should not stop one from still managing Money. you need to still buy mostly what you needs and reduce impulsive buying

 

[Springtime]

If I have a lot of money, I'll hire a financial advisor to help me manage my money and provide me with advice on how to make use of the money such as investment.

 

[Augusta]

it is to keep saving money even when you have so much. it's can't be easy staying away from spending but you need to apply self control

 

[Starmix]

When I luckily get wealthy I may not be able to manage right away. I have to enjoy spending first with my family and some close relatives. After feeling exhausted with a lavished spending, that's the time to manage my money smartly by investing and managing businesses. I have to save the most in banks he he... if only .

 

[aninditasen]

Everyone's fortune cannot be predicted when it will come, many people get a lot of money either from inheritance, winning the lottery, profits from selling other people's property, etc. However, according to several sources that I have read, most of those who have a lot of money suddenly often run out without a trace, maybe they are not prepared to have a lot of money, do not have a clear plan, what do you think?

I would keep some as FD and invest some on shares.

 

[eLdavis]

One of the best ways to manage your money even when you have a lot of money would be to know your needs and your wants.

 

[Min George]

Don't ever allow the much money that you have to enter your head and cloud your reasoning. That's where you would miss everything.

 

[magnus2022]

If you made money through personal struggles and discipline, to manage your finances will not be a major problem. When it becomes a problem is when you don't know the micro dynamics of money, you can easily mismanage it.

 

[Augusta]

financial constraints can be challenging, but it's essential for long-term financial stability. know how much you want to save in your emergency fund and save some money