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15 Things To Do If You Get Rich All of a Sudden. Watch later. Copy link. Info. Shopping. Tap to unmute. If playback doesn't begin shortly, try restarting your device. You're signed out. Videos you watch may be added to the TV's watch history and influence TV recommendations.
What if you got rich all of sudden? Would you know what do to?
Although incredibly rare, it sometimes happen that people get a massive influx of capital. The most common way is by inheriting a fortune from a dead relative, the others are different forms of gambling like winning the lottery or similar.
But very few of these people are ready for the money and they’ll lose it as quickly as they get it.
Over 70% of lottery winners are back to being broke after 3-5 years!
This happens because they have no idea what to do with the money, they’ve never had money, they’ve never built wealth and they are eager to spend it all.
That’s why having a plan is so important, it could mean the difference between this money being a blessing or a curse.
As always, here’s the video version of this article if you don’t feel like reading: Visit Publisher Site above.