
8. Decide How You Want To Receive Money
You might not always have a choice, but it is possible that you can choose to receive all the money at once or over time. For example, you can receive your inheritance through a trust where an amount is given to you annually or every six months. If you are given a choice, you need to select the option to receive the money over some time.
Selecting this will help you in many ways. You won’t want to spend all the money at once because you won’t receive a large chunk in one sum. Therefore, you’re more likely to spend your money wisely and invest it. Furthermore, you won’t have a giant target on your back as people will realize that you don’t get all the cash at once, so they won’t see you as rich.