Effects Of Sudden Wealth On The Winners

542 words - 3 pages

“A fool and his money are soon parted” (Unknown) people who are lucky enough to become suddenly rich will only ruin their life in the long run, either by winning a lottery, having a successful investment, or just claiming an inheritance, with these categories there are same effects: bothering charities, filing for bankruptcy within next five years, and unlasting happiness.

Charities will often ask money through organizations, for sudden wealthy, charities wouldn’t leave them alone till they get the amount they want. “Unfortunately, there is not enough money in the world to satisfy, number amount of organizations with their outstretched hands. Charities are often good deed to share money with, but even that wouldn’t do any good”(Sudden ...view middle of the document...

“I just wanted to prepare myself mentally before I put my hands on it.” (Mentally ready? By anonymous)

The biggest effect of the sudden wealth is the non lasting happiness, for some reason people try to find happiness in money, the more the better. Sometimes the happiness goes for the worst, “A twenty million dollar winner was kidnapped and murdered by his sister-in-law” (Winning, by Jeffrey Dampier). Someone winning a lottery or a successful investment will always come in contact with large amount of money that one can’t wait to spend, going and spending it will make them happy of a short period of time, until the time comes where that person faces a divorce and his/her partner claiming it all or plainly running out of money.

On this basis it can be inferred that unexpected large amount of money will not always mean a good thing, there are many symptoms as of it was an illness, it may torn apart families as of it was a curse, it will always pressure sudden wealthy and depending from where the money came from will determine the level of guilt that person may experience. It is all about being ready, having a good plan to what to do with the money and long term coaching by financial advisors of how to spend money by not going insane with it. “Not every dream is a money dream.” (Sudden? In Steinmetz’s view)

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