10 Financial Mistakes With Sudden Wealth

In this video we're going over 10 Financial Mistakes With Sudden Wealth.

Having a sudden wealth can be uplifting. But, the overwhelming feeling of having newly found wealth can be your downfall. The urge to buy the things you want, the sense of deprivation, the overpowering excitement to show everyone that you've got more money than them. It's pretty dangerous.
And in today's video, we’ll talk about the 10 Financial Mistakes With Sudden Wealth that you need to avoid.
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Chapters :
00:00 Intro
00:21 Lack Of Perspective
01:01 Holding Off Anything Regarding Finances
01:24 Outdated Financial Plans
01:49 Spending More Than Your Financial Plan
02:02 Lack Of Allocation For Emergency Fund
02:25 Emotional Decisions
03:04 Letting Sudden Wealth Control You
03:36 Not Being Transparent
04:19 Lack Of Investments
05:22 Quitting Day Job
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DISCLAIMER: These videos are made for educational purposes only. No official financial advice are given here, I’m not a financial advisor. Please consult a financial professional before making any investments or financial decisions. These videos only share my own opinions with no guarantee of gain or losses, All decisions are ultimately yours.
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