When you have not planned to get money and it comes your way, does it become very difficult to plan for it thereafter? Winners of Jackpots, mega athletes, musicians, actors artists and other sportsmen and women fall in this category of people who sometimes sleep poor and wake up amongst the richest people in the whole world.
These great people usually have a vision in succeeding in their careers and making a good life out of their trade. Mega money is never the initial intention, so they never plan for it. But it sometimes comes their way.
Abundance of money has brought down many great men and women, through indulgence in drugs and involvement in many illegal activities. Most of these are usually celebrity status individuals who get ruined and lose the high flying life they once had.
Question is, what is the best thing that one could do to get the best out of the instantaneous rags-to riches situation? Amongst things one could do to stay on track and get the best out of such big money, for themselves and others are;
i) Employment of investment ideas through investment agents
ii) Having personal managers to manage schedules and activities
iii) Invest in real estate
iv) Set up charity organizations
So when you are destined to these great heights, do not let it overwhelm you when the big money comes. Have in mind what you would do should it happen.
Abacus is the result of over 10 years market experience and is licensed as a data vendor by the Nairobi Securities Exchange
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