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Tag windfalls

Windfall

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So did you see Insight? The stuff that dreams are made of. Winning money, discovering priceless antiques, inheriting a small fortune. Fascinating how many ways you can come into money and the different responses people have, isn’t it.

What about the guy who found $30 million worth of artwork stored in the dirty old garage of the house he’d just bought? Or the couple who won a cool $4 million in the WA lotto with a ticket that was a birthday gift.

So many different reactions both from the winners and their friends and family. All because there are so many different beliefs, different values, different judgements around money.

Take the guy who found the artwork. Savvy enough to recognise the potential and establish clear ownership before having it valued. Now that’s level-headed and makes for handling the $30 million he came into that much easier. And the best bit is that his good fortune had a spin off for others so they too came into some big bucks. He sure had an abundance mentality.

Or the lotto winner that won a half share in £22 million (British pounds that is – just work that one out in Aussie dollars). Twenty years ago it was worth even more. And instead of handing over his fortune to a financial advisor to play the money market he decided to have a go at it himself, have some fun with it and if he lost he’d only be accountable to himself. Now that’s detachment.

And then there’s the young woman that wouldn’t even let herself be identified. Sworn to secrecy by her family over a relatively small inheritance. A nervous breakdown because inheriting money ran so against her beliefs that she should earn all the money that comes to her. Such a tragic example of the power of beliefs around money. Beliefs passed down through generations of a working class family. And the money’s still just sitting there. Imprisoned by their own beliefs it’s not doing anyone any good. Not even the local charity.

In order to resolve the money riddle the first lesson to understand is that it’s not about the money.

Is it time you join us at Resolving the Money Riddle?

 

What are your beliefs around money?

Are your beliefs holding you back?