Mistakes Made With Unexpected Fortunes

Al Jacobs has written another newsletter worth reading for those who are coming into a large sum of money or those who have already received it.

It's interesting to see news stories about people who have wasted millions and send themselves into bankruptcy because they can't handle money. It has some sensible tips to help those who have no idea when it comes to money.

Seven Foolish Mistakes People Make When They Come Into Money
"There is something uniquely human about the way many of us mishandle money, particularly when its received unexpectedly. Whether it’s a bequest from a long-forgotten uncle, an unexpected court settlement, or a sweepstakes winning, suddenly coming into a stash of cash can unhinge any of us. Every day the media reports the misery befalling citizens who previously struck it lucky, but then fell on hard times." on the money trail

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