All of the above are
Sudden Money—a rare event in which you receive an amount of money significantly higher than you are used to having available.
People who experience Sudden Money typically think of it in financial terms only, such as “What should I do with the money?” They often think that having more money frees them from having to be concerned about financial decisions. Actually, the opposite is true.
Managing Sudden Money is a surprising mix of opportunities and challenges, even for well-educated, sophisticated adults.
Sudden Money is not just a financial event; it is a life-altering event. Many Sudden Money decisions extend well beyond the financial and can have a dramatic affect on your life either positively or negatively.
When Life Changes Money Changes. When Money Changes Life Changes.Sudden Money events are actually life transition events. Though there is nothing new about life transitions, what is new is our depth of understanding of what happens to people during these transitions. The most important part of managing the transition isn’t the money at all. While people may gravitate towards the money (the easily definable technical component), in most instances, the numbers are much farther down the priority list than people think.
The more difficult, higher priority is the human component—the physical, psychological and social realities of change— because it drives most decision making. When you complete your transition, will you be in a financially and emotionally secure space? Or one fraught with obstacles, anxiety and even chronic physical problems, in addition to financial problems?
THE HUMAN SIDE. The primary difference between people in transition and people not in transition can be summed up in two words:
diminished capacity.Transition means change, change means stress, and stress means retreat. During transitions, the human brain shifts to its basic survival mode, which impairs rational, creative, and long-term thinking.
People in transition also experience a wide range of emotions due to the dramatic change of their circumstances. When you combine diminished mental capacity with overwhelming emotions, it simply is not a good time to make critical decisions that affect your well-being and will impact the rest of your life.
TRANSITIONS PLANNING. When life is changing, many people seek professional advice. They go to attorneys, accountants, financial advisors, financial planners, and therapists, all of whom have clear protocols for dealing with clients. Unfortunately, both these advisors and the people who hire them have historically underestimated what’s required to manage people through life transitions successfully.
Coaching and advising a Sudden Money recipient requires more than legal, tax, and financial expertise. A Sudden Money event requires a shift in how a professional advisor guides you, requires different tools and protocols, and demands its own planning model.
SUDDEN MONEY EXPERTISE. Sudden Money
® Advisors are well-established financial planners, who are trained experts in the art and science of transition and the optimal way to guide you through turbulent and transformative times.
FocusYOU has one of only nine accredited Sudden Money
® Advisors in the entire state of California.
Sudden Money Process involves the blending of your personal goals, beliefs and dreams, with your new financial position. When new money arrives or old money becomes your responsibility, it is an important life event requiring the guidance of experts trained in blending the human experience with the facts and figures. The process guides you through the maze of financial and life decisions and helps to smooth the transition from what was to what will be.
To learn more about our Sudden Money services and process or to schedule an appointment for guidance through a life transition, contact us at either 650.684.1199 or 707.282.3700 or
send us a message.
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