Id like to start a discussion on how to manage finances for those of us who have aquired wealth in a short period of time. I think it's an interesting topic because traditionally, many people slowly accumulate or grow at a relatively manageable pace. Some people on the other hand have it plopped in their lap all at once ( they graduate school and start out high, win the lottery, or a business goes boom overnight). This poses challenges because of lack of prior experience but I think in today's roller coaster economy it is more common than in the past.
I guess my question is, what are some smart moves once you got that nut in your lap?
Are there novel / smart investment strategies?
What I've noticed ithe most is that tax is mofo. How would you buffer it?
If you wanted to invest for fun in a few high risk ventures where would you start? Who would you talk to? How can you know you can trust the right team?
I guess my question is, what are some smart moves once you got that nut in your lap?
Are there novel / smart investment strategies?
What I've noticed ithe most is that tax is mofo. How would you buffer it?
If you wanted to invest for fun in a few high risk ventures where would you start? Who would you talk to? How can you know you can trust the right team?