15 Ways to Protect Sudden Wealth or Financial Windfall
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In this Alux.com video we will be answering the following questions:
What to do with money?
What to do if you suddenly get money?
What to do if you inherit a large sum of money?
What to do if you win a large sum of money?
What to do if you win a fortune?
What to do after you sell your company?

00:00 - Intro
00:46 - Don’t tell a soul!
01:35 - Get rid of high interest debt immediately!
02:10 - Max out your retirement
02:49 - Instead of paying off your house: 75% of it should go towards rental properties
03:42 - Instead of going on holiday: 10% to alternative investments with proven track record
05:20 - Get an accountant or tax advisor to make sure everything is by the book
05:59 -Don’t screw around - now you have something to lose
06:44 - Control your spending urges
07:51 - Consider inflation and adjust for it
08:40 - You gotta get smart about money
10:10 - Consider the lifetime cost of ownership for the things you buy
11:44 - Do not give away parts of the principal to your family or friends
12:42 - Do not give away a portion of it to charity
14:20 - Move the money out of the country
15:14 - Develop a vision for the rest of your life


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