What Do I Do With My Inheritance Money?
This week on The One Minute Retirement Tip Podcast, I’m talking about what to do with your inheritance money.
Squandering an inheritance is the exception, not the rule. Statistics show that only about ½ of an inheritance is saved and invested. The rest is spent. And 20% of Americans spend everything – squandering the money to fund a few years of a luxurious lifestyle before the money runs out.
So this week, I’m going to help you make smart decisions about what to do with your inheritance. We’ll talk about the biggest mistakes made, why you should wait before making any spending decisions, and help you start to think about guidelines for spending, saving, and investing your inheritance wisely. Then we’ll wrap up the week by talking about how you might want to plan now for your own wealth transfer.
Topics covered:
✅ How To Waste Your Inheritance
✅ Why The First 6 Months After Receiving An Inheritance Is Critical
✅ What Would You Do With $1,000,000?
✅ 3 Smart Ways To Use Your Inheritance
✅ Planning For Your Own Wealth Transfer
To learn more about what to do with your inheritance money, be sure to listen to this week’s intro episode and subscribe to the One Minute Retirement Tip wherever you listen to podcasts.
