Sometimes, wealth occurs very suddenly. And along with the perks of new wealth, comes many challenges and issues to address.

On the latest episode of Advance Your Wealth, Homer examines some ideas and action steps to consider if you or someone in your life becomes very wealthy, very rapidly.

Timecodes:

0:06 - Introduction and overview on the topic of the day

1:30 - Significant wealth is typically created over a long period of time

3:10 - Sudden wealth comes with serious risk

4:20 - How should you navigate sudden wealth and begin healthy financial planning efforts?

7:04 - Mistakes you should avoid in the event you become suddenly wealthy

9:20 - The biggest challenges of managing sudden wealth

11:50 - How asset protection planning efforts come into play

13:37 - The big picture on managing sudden wealth for you and your family

15:45 - How you can get in touch with Homer and his team

17:52 - Closing remarks

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