Making the Most of Cash Windfalls & Tax Refunds - Pay Off Debt, Build Wealth
Автор: MoneySmartFamily
Загружено: 2018-02-16
Просмотров: 1517
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Learn more about Getting and Managing Windfalls of Cash:
https://moneysmartfamily.com/money-sa...
What do you do when you a large chunk of cash comes your way? We’ll share several strategies that will help your money go further, and you’ll have more fun too!
1. What is a windfall
Windfall (noun)Receiving unexpected good fortune, usually one that involves receiving money in a large. For example “Our company had “windfall profits” this last quarter.
Synonyms include: jackpot, bonanza, manna from heaven, striking it rich, pennies from heaven, stroke of luck, money dump, godsend.
2. Common Windfalls
a. Overtime Pay
b. Birthday Money
c. Rebates/Rewards
d. Liquidating Assets
e. Inheritances
f. Tax Refunds
g. Lottery Winnings (common stories of financial downfall)
3. Common Mistake - Not Having a Plan Before Hand
a. Emotional Issue
b. Causes Conflict
c. Can be Impulsive
d. Wasted – Evaporate
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