Unprepared for Sudden Wealth?

Column distributed by Hearst Connecticut Media Group.

Links to resources referenced:

• Affluence Intelligence
  • https://www.affluenceintelligence.com/excerpt.html  
    • Related column excerpt:
      • “When someone becomes wealthy abruptly, they could suffer from ‘sudden wealth syndrome,’ a term used by Dr. Stephen Goldbart, a psychologist and co-founder of the Money, Meaning, & Choices Institute, to describe the challenges and struggles people face when they abruptly become wealthy.”
• CALDA Clinic: “Sudden Wealth Syndrome: The Impact of Money on Mental Health”
  • https://www.caldaclinic.com/news/sudden-wealth-syndrome-impact-of-money-on-mental-health/
    • Related column excerpt:
      • “That large inheritance could trigger changes in a person’s state of mind. Dr. Claudia M. Elsig, the founder of the private CALDA Clinic in Switzerland, lists potential changes in her blog ‘Sudden Wealth Syndrome: The Impact of Money on Mental Health’:” 

• TGS Financial Advisors: “Sudden Wealth: Avoiding the Twelve Deadly Mistakes”
  • https://tgsfinancial.com/pdfs/Sudden_Wealth__Avoiding_the_Twelve_Deadly_Mistakes.pdf 
    • Related column excerpt: 
      • “If experiencing the syndrome, there is some guidance from ‘Sudden Wealth: Avoiding the Twelve Deadly Mistakes,’ a white paper issued by TGS Financial Advisors:”