Just about everyone dreams of finding a “money tree” in their backyard and all the things they would do with it. Buy a vacation home. Travel. Start a new business. Hit the blackjack tables in Vegas.
You may not believe it, but there is a relatively high chance that at some point in your life you will receive some kind of financial windfall; from your company, from your parents, from Uncle Sam.
While most of these windfalls are unlikely to move you into the “0.1% club” it’s important to resist the impulse to spend it all when there might be smarter ways to use it to protect your long-term financial security. And that’s where an experienced financial planner can help.