Cause & Effect of Sudden Influx of Money

750 Words3 Pages
Imagine you just been named in a will and inherited, after taxes, ten million dollars. This sudden influx of money can change your life forever, for better or for worst. I did some research and found studies prompted that lottery winners and/or people who have received a sudden inheritance have led to a new kind of medical and mental health disorder called sudden wealth syndrome, complete with treatment recommendations and key symptoms. A large sum of money, suddenly available, is not always a positive thing. If the person who receives the money has a dysfunctional life, their situation can get worst. The income of sudden wealth can also be extremely odd to the one receiving it, according to authorities on sudden wealth syndrome. This individual might start avoiding old friends and family because the feelings of guilt or to avoid multiple requests for gifts and/or loans. He/she will also frequently dismiss the sincerity of new friends or anyone new who comes into their life, believing it’s only because of the money regardless the person confronting them. Following all these new feelings, the idea of whether to keep their job or not, will start to roam in their heads. I truly believe that a person in these situations should seek some kind of help from a professional, seeming that something so simple before like how to handle requests for gifts becomes a problem for the individual. Also something like how to behave with old friends can be a task that the person can meditate on during his/her private session with the help of the chosen professional, whether it is a financial advisor or a psychologist. Take note that getting hold of a professional financial advisor is strongly advised before beginning to purchase expensive things one has long desired like cars, boat, and/or houses. On the other hand, the sudden influx of money can be a great thing in a person’s
Open Document