Acquiring wealth is typically a marathon, not a sprint. Still, there are times when money comes quickly, very quickly. From our experience, this can actually be a very traumatic experience without a solid financial plan in place.
Sometimes people sell a profitable business, inherit millions, or even win the lottery. Unfortunately, it’s pretty common in these circumstances for those who ‘come into money’ to lose it all. From our experience, it's not just athletes or lottery winners who succumb to this fate.