
20. Don’t Start A Business Immediately
This list is not about all you shouldn’t do, but it is vital to realize some of these so you don’t make a huge mistake when it comes to newfound wealth. If you’re like most people, you have a dream of becoming a boss and telling people how to do their job. But jumping into a business can cause more problems than you think. In fact, your business is more likely to fail if you don’t have a compelling business plan.
If you really want to start up a business, start with small steps. Find a financial advisor that you can trust and talk to them about how to invest your money and work toward developing a savings plan and a business plan. They can help you start investing in the business before you open the doors.