There is a lot of financial responsibility after obtaining a large sum of money. Your main goal should be able to take the money you receive from your contract and make it work for you and your family. Here 5 things you should do right after you sign a contract.
1. Set up a personal balance sheet and give yourself a spending limit.
In these trying times, even those with veins of steel can find themselves nervous about the market's direction and what it could mean for one's financial future.
Most of us go to see professionals when we’re in trouble or during times of crisis. Think about it. We go to the doctor when we’re sick. We go see a lawyer when we have a pending legal matter. We go see a counselor when we’re feeling depressed.
Does your family know how much money you make? Or how much you’ve saved for retirement? What about your total net worth?
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