How To Prepare For A Financial Windfall So You Don’t Lose It All

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financial wellness advice

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Don’t self-sabotage

It’s hard to believe that someone would willingly ruin their finances, but if it helps them feel a part of the only group they’ve ever known, it can happen, says Washington. “From a psychology standpoint, you want to be accepted and be part of the tribe. If you’re wealthy and the tribe struggles, you will subconsciously create scenarios to put yourself back in struggle.” She says that’s why you often see lottery winners right back where they started, just a few years after winning millions.

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