{"id":2260,"date":"2017-06-26T00:00:05","date_gmt":"2017-06-25T22:00:05","guid":{"rendered":"http:\/\/contattolive.co.za\/?p=1886"},"modified":"2017-09-21T12:35:03","modified_gmt":"2017-09-21T10:35:03","slug":"5-top-tips-to-staying-rich","status":"publish","type":"post","link":"https:\/\/contattolive.co.za\/north\/5-top-tips-to-staying-rich\/","title":{"rendered":"5 Top Tips to Staying Rich"},"content":{"rendered":"<p style=\"text-align: justify;\">There is no formula for instant wealth &#8211; but for some, it can become a reality overnight and, if not managed correctly, this dream can easily turn into a nightmare.<\/p>\n<p style=\"text-align: justify;\">If you happen to inherit an astronomical sum, receive a massive bonus, or fortuitously sell a property for a lot more than you paid for it, then follow these useful tips that we found in <a href=\"http:\/\/www.fin24.com\/Money\/Investments\/handy-tips-for-when-you-get-rich-instantly-20170503\" target=\"_blank\" rel=\"noopener noreferrer\">an article published by Fin24<\/a> that will help you to successfully handle a financial windfall.<\/p>\n<p style=\"text-align: justify;\"><strong>1. Don\u2019t spend it all at once<\/strong><br \/>\nThe temptation for many people who come into a large sum of money is to blow lots of it in one go. While a bit of indulgence shouldn\u2019t hurt, overspending could result in a lot of wastage and could cost you dearly in the long run. So, instead of splashing cash aimlessly, take a moment to consider carefully how the money could be better spent or invested for, and in, your future.<\/p>\n<p style=\"text-align: justify;\"><strong>2. Pay off your debts<\/strong><br \/>\nFirst things first, clear off any outstanding debts. Give yourself a clean slate and what Ester Ochse, the channel head for FNB Advisory, calls \u201cthe opportunity to live a debt-free life\u201d. And once you are blessed with not having any debt hanging over your head, try to keep it that way to give yourself more freedom and options.<\/p>\n<p style=\"text-align: justify;\"><strong>3. Don\u2019t just quit<\/strong><br \/>\nComing into an unexpected sum may make you consider throwing in the towel at work, but if you don\u2019t invest your money wisely and plan properly, losing your regular income and benefits could create limitations.<\/p>\n<p style=\"text-align: justify;\"><strong>4. Save for a rainy day<\/strong><br \/>\nYou never know what could happen, so it\u2019s important to always have enough money saved for emergencies.This would involve assessing your new lifestyle and ensuring that you always have at least six months of living expenses kept aside in the event of any misfortunes.<\/p>\n<p style=\"text-align: justify;\"><strong>5. Seek financial advice<\/strong><br \/>\nUltimately, receiving a windfall will change your financial trajectory. You\u2019ll need to review your investment objectives, consider estate planning, and re-evaluate your risk appetite. Don\u2019t hesitate to arrange a meeting to assess any new short-term or long-term goals, and ensure that your investments are in line with your financial situation.<\/p>\n<p style=\"text-align: justify;\">If you do find the pot of gold at the end of the rainbow, it\u2019s important to take the correct measures to protect it and ensure it lasts. Careful financial decisions from the offset could save you a lot of unnecessary trouble in the future, so be sure to ask advice and discuss any change in fortune.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is no formula for instant wealth &#8211; but for some, it can become a reality overnight and, if not managed correctly, this dream can easily turn into a nightmare. If you happen to inherit an astronomical sum, receive a massive bonus, or fortuitously sell a property for a lot more than you paid for it, then follow these useful tips that we found in an article published by Fin24 that will help you to successfully [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2225,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,13],"tags":[],"class_list":["post-2260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-financial-planning"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>5 Top Tips to Staying Rich - Contatto North<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/contattolive.co.za\/north\/5-top-tips-to-staying-rich\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Top Tips to Staying Rich - Contatto North\" \/>\n<meta property=\"og:description\" content=\"There is no formula for instant wealth &#8211; but for some, it can become a reality overnight and, if not managed correctly, this dream can easily turn into a nightmare. If you happen to inherit an astronomical sum, receive a massive bonus, or fortuitously sell a property for a lot more than you paid for it, then follow these useful tips that we found in an article published by Fin24 that will help you to successfully [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/contattolive.co.za\/north\/5-top-tips-to-staying-rich\/\" \/>\n<meta property=\"og:site_name\" content=\"Contatto North\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-25T22:00:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-09-21T10:35:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/contattolive.co.za\/north\/wp-content\/uploads\/2017\/05\/5-Top-Tips-to-Staying-Rich-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"anthonyb@timslatter.com\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"anthonyb@timslatter.com\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/contattolive.co.za\\\/north\\\/5-top-tips-to-staying-rich\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/contattolive.co.za\\\/north\\\/5-top-tips-to-staying-rich\\\/\"},\"author\":{\"name\":\"anthonyb@timslatter.com\",\"@id\":\"https:\\\/\\\/contattolive.co.za\\\/north\\\/#\\\/schema\\\/person\\\/6b55c4b0a6054f79a0f61aa82405b972\"},\"headline\":\"5 Top Tips to Staying Rich\",\"datePublished\":\"2017-06-25T22:00:05+00:00\",\"dateModified\":\"2017-09-21T10:35:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/contattolive.co.za\\\/north\\\/5-top-tips-to-staying-rich\\\/\"},\"wordCount\":431,\"image\":{\"@id\":\"https:\\\/\\\/contattolive.co.za\\\/north\\\/5-top-tips-to-staying-rich\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/contattolive.co.za\\\/north\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/5-Top-Tips-to-Staying-Rich-1.jpg\",\"articleSection\":[\"Blog\",\"Financial Planning\"],\"inLanguage\":\"en-ZA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/contattolive.co.za\\\/north\\\/5-top-tips-to-staying-rich\\\/\",\"url\":\"https:\\\/\\\/contattolive.co.za\\\/north\\\/5-top-tips-to-staying-rich\\\/\",\"name\":\"5 Top Tips to Staying Rich - 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