Sudden Wealth

Lottery winners and first time parents have something in common. If they manage their new responsibility wisely their lives may be enriched – but if they make mistakes - this can be a source of misery and regret for the rest of their lives. Fortunately, for society as a whole, new parents usually do a better job of raising their firstborn child than lottery winners do in wisely managing their newfound wealth. One of the most important, and most difficult, things for the suddenly...