7 Things To Do If You Suddenly Become Rich

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  • Опубликовано: 27 июл 2024
  • Many people get rich all of a sudden, but become broke shortly thereafter. Inheriting money from a family member, signing a multi-million Dollar contact, and other forms of unexpected wealth can change someone's life and cause serious problems if they don't follow some helpful tips discussed in this video.
    ━Contents of this video ━━━━━━━━━━━
    Intro - 00:00
    1. Keep it Under Wraps - 00:53
    2. Assemble a Professional Financial Team - 02:36
    3. Pay Your Debts - 05:04
    4. Determine Your “End of the Day” Number - 06:21
    5. Come Up With A Life Plan - 08:12
    6. Invest in Your Best Asset - Yourself! - 09:42
    7. Understand Your Impact - 11:00
    ━In this video, we try to answer these questions━
    What to do if you get rich all of a sudden?
    What to do if you become rich all of a sudden?
    What to do if you inherit money?
    Why do people go broke after they become rich?
    I just won a million dollars, what do I do now?
    What if you inherit a fortune?
    What to do if you win the lottery?
    How to manage wealth?
    How to maintain wealth?
    ━Social Media━━━━━━━━━━━━━━━
    Insta: / cerebral.life
    Twitter: / cerebral_life
    Facebook: / cerebral.life
    Pinterest: www.pinterest.ca/cerebralfacts/
    #SuddenlyRich #WealthManagement #PersonalFinance
    Music: « Summer » from Bensound.com

Комментарии • 194

  • @WisdomWealth77
    @WisdomWealth77  3 года назад +18

    Whats the first thing you would do if you suddenly become rich? 😀

    • @StoryTellersHandbook
      @StoryTellersHandbook 3 года назад +3

      I would scale my publishing business! 😉

    • @busymates5149
      @busymates5149 3 года назад +3

      I will get in touch with you.😊👍

    • @WisdomWealth77
      @WisdomWealth77  3 года назад +1

      Haha thats a good one!😂

    • @Ambisyosadyosa2024
      @Ambisyosadyosa2024 3 года назад +1

      The first thing I will do is to thank you for reminding us what to do by posting this video...

    • @ssnerd583
      @ssnerd583 2 года назад

      Vanish......like a fart in a hurricane....then hire some security advisors.....then hire some money managers and get everything put into trusts....then change my name.....and then visit some of the people who have done horrible things to me in the past....and SMILE at them the way a Doberman smiles at a burglar....just before he takes a BITE out of their ass.

  • @BendnStretchwithSue
    @BendnStretchwithSue 3 года назад +84

    I have a friend who won $48 million in a lottery and has enhanced her and her family's life but has remained grounded and logical. Sooo impressed by her:-)

    • @WisdomWealth77
      @WisdomWealth77  3 года назад +7

      WOW. The best part is she has remained grounded.👏

    • @CalvinCarlo
      @CalvinCarlo 3 года назад +1

      Amazing! 👏🏽

    • @almichaelshefer2232
      @almichaelshefer2232 Год назад

      That is awesome. I have to since 2020 however I am about to go nuts.

  • @QuestionEverythingButWHY
    @QuestionEverythingButWHY 3 года назад +28

    “Money and success don’t change people; they merely amplify what is already there.”
    - Will Smith

  • @Sheisanangel0
    @Sheisanangel0 Год назад +12

    I am so nervous about telling anyone anything. My biggest challenge is helping people without sparking any suspicion. There is not 1 person that I can trust with this information. Not my son, mom or partner, let alone any family members or friends.

  • @shiftingenergy8112
    @shiftingenergy8112 3 года назад +25

    Yes! Always keep it private and pay your debts first. I’m watching this so that when I win the lottery I’ll know what to do haha😹

  • @rowenabaensch7342
    @rowenabaensch7342 Год назад +6

    I can sleep well when i become suddenly rich. Ohhh i will always be humble no matter how rich I am.

  • @WagnerSaucedo
    @WagnerSaucedo 3 года назад +25

    I think the keeping it under wraps and knowing how to properly manage it are the most important! you will have everyone coming after you lol 😂

  • @mintedmillennials1118
    @mintedmillennials1118 3 года назад +10

    Definitely don't let other people know!! Keep it to yourself and paying down your debts are great tips.

  • @stepclosertosuccess996
    @stepclosertosuccess996 3 года назад +7

    It's important to be able to manage your wealth wisely. It's sad how many people lose wealth quickly because they don't manage it properly.

  • @BURPEEyogauncle
    @BURPEEyogauncle 3 года назад +5

    this happens a lot to many lottery winners....tough to keep money when you don't know how to manage it! this is a good video. only thing i would add is give gratitude to a charity. pay it forward. karma can't be bad lol..

  • @WolvesOfInvesting
    @WolvesOfInvesting 3 года назад +9

    Great tips for what to do if you suddenly get a windfall and become rich. Understanding the tax consequences is very important. 👍

  • @danieltustin4120
    @danieltustin4120 3 года назад +5

    Man, winning the lottery seems amazing, but also super stressful for all of the decisions you have to make, like you pointed out. So many people trying to come at you for money!

    • @WisdomWealth77
      @WisdomWealth77  3 года назад +3

      Sometimes it can make life worst if the proper steps aren't taken.

  • @andrewpagonis5099
    @andrewpagonis5099 3 года назад +11

    Great video - super concise. I completely agree with #3 - pay off debt FIRST. It'll let you start using your money to compound rather than pay off interest. New sub - excited to support another small creator.

  • @lukas-vastgoedinvesterings7724
    @lukas-vastgoedinvesterings7724 3 года назад +7

    haha, this is a great topic. never talk to financial advisor, they always start filling their own wallets first. and coming up with a life plan, shouldnt be done when you got it... but you should start today with a life plan :p

    • @WisdomWealth77
      @WisdomWealth77  3 года назад +1

      Exactly. but for those who didn't have a plan already they better or else back to zero!

  • @SimpleLifeSG
    @SimpleLifeSG 3 года назад +6

    Love these tips. They are all very true. Finger cross my investments will make me rich.😂😂😂

  • @NathanHQ
    @NathanHQ 3 года назад +4

    Helloooo… great tips...I wish I did win the lottery. Yes Money Master The Game is Awesome!!…Big Like 50 Mate🙂

    • @WisdomWealth77
      @WisdomWealth77  3 года назад

      😄 At least you would know how how to properly manage it right? Thanks mate!

  • @GrowingFinancially
    @GrowingFinancially 3 года назад +9

    Agree, don't shout it from the rooftops. You need to understand money and how to work with it, when your rich and when you are not Great video.

  • @letslevelupwithtiana612
    @letslevelupwithtiana612 3 года назад +6

    I’d love to suddenly become rich in the near future 😂 I think first I’d make a rough budget/life plan since I like to know what’s going on, the second thing would be to book a holiday ✈️

    • @WisdomWealth77
      @WisdomWealth77  3 года назад

      Love that! Thats how you level up Tiana!😀

  • @whitehorsethunder3494
    @whitehorsethunder3494 2 года назад

    Love it. Thanks 🙏

  • @kuronipamatbp8889
    @kuronipamatbp8889 3 года назад +2

    Great way 👏 keep sharing and more vid to come my friend 🤗

  • @miguelanjos1
    @miguelanjos1 3 года назад +1

    Very helpful!! Thank you!!👍

  • @TrishLee
    @TrishLee 3 года назад +2

    I never thought about this. This is great. Many people get rich and broke completely after some time. This video is really helpful :)

    • @WisdomWealth77
      @WisdomWealth77  3 года назад +1

      Glad it was helpful! Thanks for tuning in!😊

  • @misspretty1ification
    @misspretty1ification Год назад +1

    Thanks 😊🙏🏾🤑

  • @CylChannel
    @CylChannel 3 года назад

    Wise idea! Thanks for sharing.

  • @CylChannel
    @CylChannel 3 года назад

    2nd watched! Always here to support you.

  • @StayPositiveSTa
    @StayPositiveSTa 3 года назад

    Such a great lesson. Keep coming ❤️😊

  • @Sa_m-sam
    @Sa_m-sam 2 года назад +1

    Know I now what to do. Thank you

  • @pausemusic777
    @pausemusic777 3 года назад +1

    Thank you for sharing useful video 👍

  • @joonjoung38
    @joonjoung38 3 года назад +1

    If only I could suddenly become rich... if I ever do, I'll know what video to rewatch ;)

    • @WisdomWealth77
      @WisdomWealth77  3 года назад

      It may not be suddenly, but its gonna come! :)

  • @terriehabets
    @terriehabets 3 года назад

    Great and awesome, have a great day!

  • @roblagundi9858
    @roblagundi9858 3 года назад

    Im here full vid/ full support. Learning from you,

  • @EasyWealthBuilding
    @EasyWealthBuilding 3 года назад +1

    i like these suggestions. Great share.

  • @adamproceviat2285
    @adamproceviat2285 3 года назад +3

    Very interesting video! Super important to keep it under wraps. People could try and take advantage of you if they think they could get something out of it. I've heard that many lottery winners end up spending all their winnings because they are not educated in personal finance. Very informative video! Just found your channel! Thank you for sharing!

  • @DIYG-dad
    @DIYG-dad 3 года назад

    a wonderful upload thanks for sharing take care

  • @kotatape
    @kotatape 3 года назад +1

    Excellent video my friend.

  • @vibehappy3622
    @vibehappy3622 3 года назад

    great advice!👍

  • @bluesal
    @bluesal 3 года назад

    Interesting information thanks for sharing

  • @Lavieestbellezara
    @Lavieestbellezara 3 года назад

    Thanks for this wonderful video i liked

  • @relaxationandmeditationclu6174
    @relaxationandmeditationclu6174 3 года назад +2

    So cool and relaxing keep it up my friend. 😍😍😎😎😴😴😴😴😴

  • @relaxationmusicmindspirit3644
    @relaxationmusicmindspirit3644 3 года назад

    Nice content my dear friend, thanks for sharing💐

  • @codecamp905
    @codecamp905 3 года назад

    Excellent video👌

  • @RubiaFamilyFOURever
    @RubiaFamilyFOURever 3 года назад

    Very helpful content friend

  • @realandtrue8753
    @realandtrue8753 3 года назад +2

    Wow! These are great tips and things to do, because you do not want it to go bad and lose it all after you just attained it. Thank you for sharing!

  • @CAPLia
    @CAPLia 3 года назад

    Great tips my friend👍😊

  • @makmohssine
    @makmohssine 3 года назад

    Loved it

  • @exploringlife4559
    @exploringlife4559 3 года назад

    Great upload my friend. Really appreciated. Stay blessed.

  • @rainytime12
    @rainytime12 3 года назад

    Lovely tips friend I like it 💯🙏😊👍👏

  • @LeslieArnelleTV
    @LeslieArnelleTV 2 года назад

    great tips! I am certain I will remain humble, giving and smart when I am wealthy. thank you :)

  • @JUVYTV
    @JUVYTV 3 года назад +2

    How I wish this suddenly will happen to me, jejeje, thanks for sharing great tips, love it, great content vedio, thumbs up

  • @ComputerTeacherOfficial
    @ComputerTeacherOfficial 3 года назад

    Great work 👍

  • @myBSlife
    @myBSlife 3 года назад +1

    I can only hope to have this problem!!!

  • @busymates5149
    @busymates5149 3 года назад

    Thanks for sharing a great guide. I’m looking forward to the instant wealth in my bank account. 😊 You’ will be my financial adviser when this happened.👍💝

  • @entryleveled6275
    @entryleveled6275 3 года назад +2

    Love the tips! First thing I would do is probably buy some rental properties! Glad I found your channel, subscribed!

    • @WisdomWealth77
      @WisdomWealth77  3 года назад

      Awesome! Real Estate is definitely a great investment!

    • @locks4
      @locks4 Год назад

      I agree!!

  • @jhenvlogs1966
    @jhenvlogs1966 3 года назад

    Nice tips

  • @user-iv5pe3hh9o
    @user-iv5pe3hh9o 3 года назад

    Very nice

  • @U2new12
    @U2new12 2 года назад +3

    Great information that part , understanding your impact resonated with me it makes a ton of sense , going from making only 46k a year to now having millions and generating great interest from the millions I am investing will be more than my 46k salary , learning to be humbled in a way that this a blessing and others will look up to me with respect and I kno others will look at me with envy but I will remain leveled and grateful at all times plus not changing my personality my lifestyle and what I want
    / have may change maybe even others around me but I pray to remain the same me

    • @U2new12
      @U2new12 2 года назад

      Looking just a month back there’s so much more I know now than a month ago ! universe I am ready to receive

  • @francycapuzreligioussongs646
    @francycapuzreligioussongs646 3 года назад

    Congratulations good idea

  • @akmclemore
    @akmclemore 3 года назад +5

    Great list here brother! If you continue to have a poor mindset, having money won't' last very long!

  • @lifeofsan6348
    @lifeofsan6348 3 года назад +1

    Hi, it's wonderful topic. I send you my full watched, full support, see you in my house

  • @killersingerfullentertainm6326
    @killersingerfullentertainm6326 3 года назад

    Nice video

  • @noortube1110
    @noortube1110 3 года назад

    Nice🤗👍👍👍

  • @DemetriPanici
    @DemetriPanici 3 года назад +1

    I don't expect to suddenly become rich but this really would help a lot of people out haha.

  • @empoweredpersonalgrowthboo3787
    @empoweredpersonalgrowthboo3787 3 года назад +1

    Haha.. would be a nice place to be to have to make tgese decisions!
    Great vid n agree, it's so impt to recollect after the euphoria!

  • @angela.arianceyoutubechann2093
    @angela.arianceyoutubechann2093 3 года назад

    waw look so happy new friends..here

  • @LaVieEnVin
    @LaVieEnVin 3 года назад

    Perfect!!! Like 22

  • @esana
    @esana 3 года назад

    wow great

  • @DomxMiles
    @DomxMiles 3 года назад

    Great video! New friend here sending my full support I subbed!

  • @EDZBUZZ978
    @EDZBUZZ978 3 года назад

    wow, how i wished🤗

  • @MovewithJenn
    @MovewithJenn 3 года назад +5

    These are such great tips! I hope I suddenly get rich so I can use them! I would pay off all my debts!! :) Mortgage free would be awesome!!

    • @WisdomWealth77
      @WisdomWealth77  3 года назад +1

      I hope so too! Debt free is the new rich! 😄

  • @motivaholic7058
    @motivaholic7058 3 года назад +1

    For sure I would invest those moneys in a business

  • @JANEVLOGZ-ez6oz
    @JANEVLOGZ-ez6oz 3 года назад

    Hi new viewer here..keep vlogging im here your new supporter..

  • @nenesvlog5615
    @nenesvlog5615 3 года назад

    great advice I'm done here my friend hope to see you in my home

  • @UltraTrailSteven
    @UltraTrailSteven 3 года назад

    Well I know what to do if I suddenly get rich! haha thanks

  • @NathanandmeAdventures
    @NathanandmeAdventures 3 года назад

    Wow your responsibility again I know right wow but the thing is how thanks for this dream big one to become one

  • @RoadtoFIRE
    @RoadtoFIRE 3 года назад +1

    Nothing would change in the first year. I'd need to map out my plans first.

    • @WisdomWealth77
      @WisdomWealth77  3 года назад

      You're right. A proper plan is definitely needed.

  • @relaxecommusica3808
    @relaxecommusica3808 3 года назад

    👍🤝 You´ve got a friend

  • @kalbontisay
    @kalbontisay 3 года назад

    Loveback!❤👍

  • @elpanchitoruso
    @elpanchitoruso 3 года назад +1

    nice content dear how are y?

  • @mommyandkenfamilyvlog
    @mommyandkenfamilyvlog 3 года назад

    Give to the needy 💓

  • @Why_So_Spicy
    @Why_So_Spicy 4 месяца назад

    It's raining, I don't want to be on the roof

  • @remmiellis
    @remmiellis 3 года назад

    Yes definitely keep it under wraps lol

  • @mytennisblog4293
    @mytennisblog4293 3 года назад +1

    I think I Will buy a big house with a tennis court and pool!!!

    • @WisdomWealth77
      @WisdomWealth77  3 года назад

      😂 I knew there would be a tennis court for sure! Thanks for the visit

  • @ALYPtm
    @ALYPtm 3 года назад +1

    New friend here, very nice video and good conntent too , i subscribed your channel , stay connect , see you soon cheers 🤝🤝👍

  • @rockskipper5353
    @rockskipper5353 3 года назад

    Sounds like its hell having money

  • @emeljadetavera444
    @emeljadetavera444 3 года назад

    For me I want to help poor people

  • @MsJayjay1717
    @MsJayjay1717 3 года назад

    Everybody wishes for, we’ll find out how and when, God knows.. If I become Rich, I would always look back where i came from, so to help and encourage less fortunate individuals the best way i can... keeping in mind that money may crash so invest more company and help people who is needs Job and stability. And a lot more to think of..Thank God always for wha we have.

    • @WisdomWealth77
      @WisdomWealth77  3 года назад +1

      I agree, giving back to the less fortunate is the best thing!

    • @MsJayjay1717
      @MsJayjay1717 3 года назад

      Cerebral Life - Wisdom & Wealth okay, I bet most would do the same, especially now a days. Life is giving and sharing

  • @bandacerebrovalvuladoblues1395
    @bandacerebrovalvuladoblues1395 3 года назад +1

    LIKE45😎👍

  • @chefchefiam8696
    @chefchefiam8696 2 года назад

    🙏🙏🙏🎉🎉🎉🎉💪🏿😂⚡⚡⚡⚡

  • @JoeMacekRealEstate
    @JoeMacekRealEstate 3 года назад

    Hey ! Liked and watched in RT! Just so you know I uploaded today! Feel free to check it out and as always comment here! (If you haven't already!)
    Joe!

    • @WisdomWealth77
      @WisdomWealth77  3 года назад +1

      Hey Joe thanks for coming by. I've def watched and dropped a like on "How to make money in any market..." keep crushing it!

    • @JoeMacekRealEstate
      @JoeMacekRealEstate 3 года назад

      Cerebral Life Thanks Bud! I have watched and liked and commented on all of yours ( I think haha) if I am missing any let me know
      I am officially one of your PowerTubers

    • @WisdomWealth77
      @WisdomWealth77  3 года назад

      @@JoeMacekRealEstate Thanks Joe. You're one of the real ones 🙏🏻

  • @ClintL63
    @ClintL63 Год назад

    a popassist?