> what do you do when you get alot of money?

what do you do when you get alot of money?

Posted at: 2015-05-24 
Are you asking what a person should do if they are not accustomed to having a lot of money, and suddenly get a lot?

Expect to be assaulted by all kinds of requests for it, from friends and relatives in need (real or not), charities, and those who want you to invest with them. I'd say put the money in a savings account, and resolve not to do anything with it until you get the advice of two trusted people. What is a trusted person? Someone who already has wealth, so they know how to acquire and keep it. And also, someone who knew you and cared about you before you had money. Basically, it's rich relatives and friends.

See also the book, "The Richest Man in Babylon" by George Clauson, in particular, the chapter called "The Gold Lender of Babylon." It's a fun read, about a blacksmith that receives a huge gift of fifty gold pieces from the king, and it confused about what to do next.

1. Charity

2. Invest/save

I would personally save half and donate have

pay off bills, start an emergency fund. invest some of it

save it