Latest / The Aaron Katsman Show
What to Do When You Suddenly Come Into Money
What should you do after receiving an inheritance, selling a home, or otherwise coming into a large sum of money? The excitement and anxiety that accompany a financial windfall can make people feel pressured to invest or spend it immediately. Acting too quickly, however, can lead to expensive decisions that are difficult to reverse. Today I’m discussing why you should slow down before touching the money, how to identify the goals and values that should guide your decisions, and why professional advice can help you avoid impulsive investments, excessive spending, and requests from friends or…
The skinny
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