If hard work, patience and/or luck have brought significant wealth into your life, there are a few things to keep in mind. One is that you must continue to manage your personal finances wisely. As you struggle to manage dilemmas, such as people asking for financial help or being approached with investment opportunities, your long-term success must remain the priority.
Living below your means, spending slowly, and creating a reasonable budget can help you maintain your wealth over time. Paying off high-interest debt and avoiding new loans, other than a fixed-rate mortgage, can also help keep money in your pocket. With new wealth comes the temptation to make risky financial decisions, so be sure to consult your Enso | Sonoma financial advisor before making a commitment.