7 Things To Do If You Suddenly Become Rich

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

[@WisdomWealth77]

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

[@StoryTellersHandbook]

I would scale my publishing business! 😉

[@busymates5149]

I will get in touch with you.😊👍

[@WisdomWealth77]

Haha thats a good one!😂

[@Ambisyosadyosa2024]

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

[@ssnerd583]

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]

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]

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

[@CalvinCarlo]

Amazing! 👏🏽

[@almichaelshefer2232]

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

[@Sheisanangel0]

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.

[@QuestionEverythingButWHY]

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

[@WisdomWealth77]

Facts 💯

[@rowenabaensch7342]

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

[@shiftingenergy8112]

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😹

[@WisdomWealth77]

😂 Nice!

[@booboograyson1664]

This is the same reason why, I AM watching it!😊

[@WagnerSaucedo]

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 😂

[@WisdomWealth77]

😂 For sure!

[@noriginal2546]

I never had anyone come after me.

[@mintedmillennials1118]

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

[@WisdomWealth77]

They are, thanks for stopping by!

[@stepclosertosuccess996]

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.

[@WisdomWealth77]

We agree!

[@danieltustin4120]

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]

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

[@WolvesOfInvesting]

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

[@WisdomWealth77]

Absolutely!

[@BURPEEyogauncle]

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..

[@letslevelupwithtiana612]

Agreed! :)

[@WisdomWealth77]

So true! Thanks for supporting!

[@andrewpagonis5099]

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.

[@WisdomWealth77]

Well said! Thanks for stopping by!

[@lukas-vastgoedinvesterings7724]

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]

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

[@GrowingFinancially]

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.

[@WisdomWealth77]

Well said! Thanks!

[@SimpleLifeSG]

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

[@WisdomWealth77]

You got this!😀

[@letslevelupwithtiana612]

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]

Love that! Thats how you level up Tiana!😀

[@NathanHQ]

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

[@WisdomWealth77]

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

[@whitehorsethunder3494]

Love it. Thanks 🙏

[@misspretty1ification]

Thanks 😊🙏🏾🤑

[@miguelanjos1]

Very helpful!! Thank you!!👍

[@WisdomWealth77]

Glad it was helpful!

[@CylChannel]

Wise idea! Thanks for sharing.

[@WisdomWealth77]

Thanks for watching!

[@TrishLee]

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

[@WisdomWealth77]

Glad it was helpful! Thanks for tuning in!😊

[@kuronipamatbp8889]

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

[@WisdomWealth77]

Thanks for visiting🙂

[@Sa_m-sam]

Know I now what to do. Thank you

[@StayPositiveSTa]

Such a great lesson. Keep coming ❤️😊

[@WisdomWealth77]

Thanks for visiting 👍🏼

[@CylChannel]

2nd watched! Always here to support you.

[@WisdomWealth77]

🤗🤗Thanks!

[@realandtrue8753]

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!

[@WisdomWealth77]

Glad it was helpful!😀

[@EasyWealthBuilding]

i like these suggestions. Great share.

[@WisdomWealth77]

Glad you like them!

[@ComputerTeacherOfficial]

Great work 👍

[@WisdomWealth77]

Thank you! Cheers!😀

[@pausemusic7771]

Thank you for sharing useful video 👍

[@WisdomWealth77]

Thank you too

[@vibehappy3622]

great advice!👍

[@WisdomWealth77]

Thanks!

[@terriehabets]

Great and awesome, have a great day!

[@WisdomWealth77]

Thanks! You too!

[@kotatape]

Excellent video my friend.

[@WisdomWealth77]

Thank you very much!

[@adamproceviat2285]

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!

[@WisdomWealth77]

Absolutely! Thanks for stoping by!

[@bluesal]

Interesting information thanks for sharing

[@WisdomWealth77]

Thanks for watching!

[@joonjoung38]

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

[@WisdomWealth77]

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

[@Lavieestbellezara]

Thanks for this wonderful video i liked

[@WisdomWealth77]

Thanks!

[@DIYG-dad]

a wonderful upload thanks for sharing take care

[@WisdomWealth77]

Thanks for visiting

[@exploringlife4559]

Great upload my friend. Really appreciated. Stay blessed.

[@WisdomWealth77]

Thanks for visiting

[@exploringlife4559]

@@WisdomWealth77 My Pleasure

[@codecamp905]

Excellent video👌

[@WisdomWealth77]

Thanks for the visit

[@RubiaFamilyFOURever]

Very helpful content friend

[@WisdomWealth77]

Thanks for visiting

[@jhenvlogs1966]

Nice tips

[@WisdomWealth77]

Thanks!

[@makmohssine]

Loved it

[@WisdomWealth77]

Thanks for stopping by!

[@roblagundi9858]

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

[@WisdomWealth77]

Awesome thank you!

[@CAPLia]

Great tips my friend👍😊

[@WisdomWealth77]

Thanks for visiting friend 👍🏼

[@busymates5149]

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.👍💝

[@WisdomWealth77]

You can do it!

[@akmclemore]

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

[@WisdomWealth77]

No doubt! Thanks for stopping by!

[@entryleveled6275]

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

[@WisdomWealth77]

Awesome! Real Estate is definitely a great investment!

[@locks4]

I agree!!

[@JUVYTV]

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

[@WisdomWealth77]

😃 thanks

[@LeslieArnelleTV]

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

[@U2new12]

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]

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

[@relaxationmusicmindspirit3644]

Nice content my dear friend, thanks for sharing💐

[@WisdomWealth77]

Thanks for visiting

[@DemetriPanici]

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

[@WisdomWealth77]

😂 Yea some people definitely will!

[@user-iv5pe3hh9o]

Very nice

[@WisdomWealth77]

Thanks

[@relaxationandmeditationclu6174]

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

[@WisdomWealth77]

Thank you 🤗

[@rainytime12]

Lovely tips friend I like it 💯🙏😊👍👏

[@WisdomWealth77]

Thanks!

[@francycapuzreligioussongs646]

Congratulations good idea

[@WisdomWealth77]

Thanks!

[@myBSlife]

I can only hope to have this problem!!!

[@WisdomWealth77]

😂 I know right

[@noortube1110]

Nice🤗👍👍👍

[@WisdomWealth77]

Thanks for the visit

[@killersingerfullentertainm6326]

Nice video

[@WisdomWealth77]

Thanks

[@esana]

wow great

[@WisdomWealth77]

Thanks

[@EDZBUZZ978]

wow, how i wished🤗

[@LaVieEnVin]

Perfect!!! Like 22

[@WisdomWealth77]

Thanks for the visit

[@empoweredpersonalgrowthboo3787]

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!

[@WisdomWealth77]

Fingers crossed! 😂

[@angela.arianceyoutubechann2093]

waw look so happy new friends..here

[@WisdomWealth77]

Thanks for coming

[@motivaholic7058]

For sure I would invest those moneys in a business

[@WisdomWealth77]

Good job!

[@mommyandkenfamilyvlog]

Give to the needy 💓

[@WisdomWealth77]

Facts💯

[@lifeofsan6348]

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

[@WisdomWealth77]

Thanks for visiting

[@DomxMiles]

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

[@WisdomWealth77]

Thanks for coming

[@NathanandmeAdventures]

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

[@WisdomWealth77]

Best of luck!

[@UltraTrailSteven]

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

[@WisdomWealth77]

Right on!😀

[@RoadtoFIRE]

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

[@WisdomWealth77]

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

[@kalbontisay]

Loveback!❤👍

[@WisdomWealth77]

Thanks

[@nenesvlog5615]

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

[@WisdomWealth77]

Thanks for coming

[@JANEVLOGZ-ez6oz]

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

[@WisdomWealth77]

Thanks for coming

[@MovewithJenn]

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]

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

[@relaxecommusica3808]

👍🤝 You´ve got a friend

[@WisdomWealth77]

Thanks for coming

[@elpanchitoruso]

nice content dear how are y?

[@WisdomWealth77]

Good. Thanks for visiting

[@elpanchitoruso]

Cerebral Life welcome

[@Why_So_Spicy]

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

[@remmiellis]

Yes definitely keep it under wraps lol

[@WisdomWealth77]

😀 Yep, exactly

[@mytennisblog4293]

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

[@WisdomWealth77]

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

[@MsJayjay1717]

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]

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

[@MsJayjay1717]

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

[@ALYPtm]

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

[@WisdomWealth77]

Thanks for coming

[@emeljadetavera444]

For me I want to help poor people

[@WisdomWealth77]

That maybe the best thing to do!

[@rockskipper5353]

Sounds like its hell having money

[@bandacerebrovalvuladoblues1395]

LIKE45😎👍

[@WisdomWealth77]

Thank you! Cheers!

[@chefchefiam8696]

🙏🙏🙏🎉🎉🎉🎉💪🏿😂⚡⚡⚡⚡

[@JoeMacekRealEstate]

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]

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]

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]

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

[@ClintL63]

a popassist?