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What To Do If You Get Extra Cash
In this episode of Wealth Strategies Unleashed, Robert Gilliland and Karen Heider break down what actually happens when people receive a financial “boost” whether it’s a bonus, raise, inheritance, or major windfall.
Because more money doesn’t fix bad habits, it amplifies them.
Key takeaways from the episode:
- Why 1/3 of people lose an inheritance within two years
- The biggest mistake people make of acting too quickly instead of thinking strategically
- The correct order for handling money:
- Pay down high-interest debt
- Build or top off your emergency fund
- Increase retirement contributions
- Fund short, mid, and long-term goals
- Then spend a little
- How to treat raises and bonuses differently from one-time windfalls
- Why “treat yourself like a bill” is one of the most powerful habits you can build
Download the free guide that we've paired with this episode!
Subscribe, and leave us a review if this resonated with you!
Share it & leave us a review on Apple or Spotify!
For personalized financial guidance, schedule an intro call with our team at Concenture Wealth Management in Houston, Energy Corridor, Katy, & Spring, Memorial, Sugarland, The Woodlands, Missouri City, Cy-Fair TX. Explore our 3-step process and services we offer.
The information contained herein is intended to be used for educational purposes only and is not exhaustive. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but are intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax or financial advice. Please consult a legal, tax or financial professional for information specific to your individual situation. This work is powered by Concenture Wealth Management.
Registered Representative of Sanctuary Securities Inc. and Investment Advisor Representative of Sanctuary Advisors, LLC. Securities offered through Sanctuary Securities, Inc., Member FINRA, SIPC. Advisory services offered through Sanctuary Advisors, LLC., an SEC Registered Investment Advisor. Concenture Wealth Management is a DBA of Sanctuary Securities, Inc. and Sanctuary Advisors, LLC.
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By Concenture Wealth ManagementIn this episode of Wealth Strategies Unleashed, Robert Gilliland and Karen Heider break down what actually happens when people receive a financial “boost” whether it’s a bonus, raise, inheritance, or major windfall.
Because more money doesn’t fix bad habits, it amplifies them.
Key takeaways from the episode:
- Why 1/3 of people lose an inheritance within two years
- The biggest mistake people make of acting too quickly instead of thinking strategically
- The correct order for handling money:
- Pay down high-interest debt
- Build or top off your emergency fund
- Increase retirement contributions
- Fund short, mid, and long-term goals
- Then spend a little
- How to treat raises and bonuses differently from one-time windfalls
- Why “treat yourself like a bill” is one of the most powerful habits you can build
Download the free guide that we've paired with this episode!
Subscribe, and leave us a review if this resonated with you!
Share it & leave us a review on Apple or Spotify!
For personalized financial guidance, schedule an intro call with our team at Concenture Wealth Management in Houston, Energy Corridor, Katy, & Spring, Memorial, Sugarland, The Woodlands, Missouri City, Cy-Fair TX. Explore our 3-step process and services we offer.
The information contained herein is intended to be used for educational purposes only and is not exhaustive. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but are intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax or financial advice. Please consult a legal, tax or financial professional for information specific to your individual situation. This work is powered by Concenture Wealth Management.
Registered Representative of Sanctuary Securities Inc. and Investment Advisor Representative of Sanctuary Advisors, LLC. Securities offered through Sanctuary Securities, Inc., Member FINRA, SIPC. Advisory services offered through Sanctuary Advisors, LLC., an SEC Registered Investment Advisor. Concenture Wealth Management is a DBA of Sanctuary Securities, Inc. and Sanctuary Advisors, LLC.