You Just Inherited a Million

You have just been notified that your Aunt Minnie, a relative you didn’t know you had, died, and left you a million dollars. What will you do with it?

A million thoughts enter your head to match the million dollars that will soon be yours. Again, what will you do with it?

If you are like most people, you will think about paying off your bills, helping some members of your family, and buying a new car or boat or whatever luxury you’ve been craving. But what will you do with the rest of it?

We know that banks are too unstable to leave such a large amount of money with them and the stock market will probably bottom out soon because there is nothing to support its rising numbers. So, where will you put it?

Gold and silver bullion seem to be the best answer for some of the money because, although they might go through cycles of rising and falling prices, they ultimately retain their value and continue on an upward spiral over time.

But the big question is – will you go through all of your inheritance quickly or will you do something noteworthy with it?

The reason I ask that question is because there have been so many millionaires and even billionaires who have gone through astronomical amounts of money in a relatively short time. Just look at all the previous winners of the Lottery.

It saddens me to see the happy faces when they receive their check and the unhappy faces when they are left homeless or just scraping by within a year or two of their big win. Between bad investments, luxury items, palatial homes, huge monthly credit card expenses on nonsense, the money disappears in no time at all.

I think the thing that makes the most sense to me is making a list of all the things that I want to spend my money on and every day, reevaluating that list and adding and deleting items as I think of them.

So many times when a person goes into a store with money to burn, he spends it on items that he neither needs nor really wants and, instead of returning the items, he keeps them and doesn’t appreciate them.

This daily list will do two things: 1) It will tell the universe that you are serious about wanting large sums of money and that you will be spending it wisely and 2) It will put into motion that you are ready to receive it.

Connie H. Deutsch is an internationally known business consultant and personal advisor who has a keen understanding of human nature and is a natural problem-solver.

Comments are closed.