Gaining Sudden Wealth

We help ensure you're using your sudden increase in wealth to secure a brighter financial future.

When you’re the recipient of a large, sudden influx of wealth, it can be hard to know what to do next.

For many, this sudden growth comes as a result of an unexpected event in their lives they didn’t see coming.

But regardless of whether that unexpected growth in wealth is the result of:

  • An inheritance
  • Selling a property or business
  • A divorce or separation
  • Winning the lotto
  • An insurance payout, especially from life and TPD insurance
  • Receiving a severance package
  • Winning a lawsuit

Suddenly having to decide what to do with a large amount of wealth can be more stressful than you may expect.

In fact, if not handled correctly with expert guidance and support, a sudden increase in wealth could potentially leave you in situation worse than when before you received your boost in wealth.

In our experience, we’ve found that those who have recently gained a sudden increase in wealth are often struggling with:

  • A lack of financial knowledge around which investment choice is the right one for them
  • Knowing what to do when those close to them may start to ask for extravagant gifts or financial support
  • Understanding the legal, financial and tax implications of their new growth in wealth
  • Dealing with the new-found pressure that comes with managing a large amount of money
  • Knowing whether a purchase is an impulse decision or one that makes sense for them in the long-run
  • Ensuring that their new wealth sustains them for a lifetime as they work towards their financial goals

It can be easy when you’ve received a sudden growth in wealth to be tempted to spend it all at once. After all you’ve worked hard, why shouldn’t you be able to take advantage of your situation to indulge?

But doing this may actually limit the choices you have available to you in the future. Instead, by waiting on making any big decisions and seeking professional advice on what to do with your windfall, your sudden wealth can be used to help you secure a brighter financial future.

But where exactly are you supposed to start?

It’s when you’re worried about or are struggling with an aspect of your financial world that having expert financial advice to guide you becomes essential.

That’s where we come in.

At My Wealth Solutions, we specialise in helping sudden wealth recipients take a step back from the emotion that comes with unexpectedly having to manage a large amount of wealth and find the right path forward.

We understand that the circumstances in which you received your new wealth may not be what you wanted. So we aim to work with you to ensure that your new wealth is being used to help you build a brighter future.

We take the worry you may be feeling out of your situation, so you can focus instead on how your sudden wealth can help you achieve the financial future you’ve always dreamed of in a way that is right for you.

Experiencing a sudden growth in wealth doesn’t have to be a time of worry.

We’re here for you.

Let Us Know How We Can Help Today 

Common Challenges

Knowing what to do next after receiving a large influx of wealth can be more challenging than you’d first expect.

In our experience helping those who have received an unexpected increase in wealth we’ve found a few common drawbacks, which include:

  • Making impulsive decisions which are based on emotion and not strategy
  • Promising too much of your newfound wealth to your loved ones without putting your own needs first
  • Feeling overwhelmed by the sheer amount of financial decisions that lay before you
  • Becoming paralysed into doing nothing by looking for the ‘perfect’ solution
  • Not knowing whether a financial decision you’re considering is a smart one or not
  • Navigating what feels like every loved one in your life offering advice on what you should do next
  • Struggling to control your spending when you now have access to a seemingly unlimited amount of money
  • Not knowing how to identify those looking to take advantage of you for your money

While knowing what to do with a sudden growth in wealth might seem simple at first glance, the variety of interwoven factors that require attention make the process more complicated than it may seem.

But you don’t have to manage it alone.

With our expert guidance, you’ll always know what to do next and whether or not a financial decision is the right one for you.

To put it simply, with us by your side you can rest easy knowing that your sudden wealth is being used to achieve your dream financial future.

How We Can Help

When you’re facing financial decisions that will have a direct impact on your financial future, having a team of experts to rely on is the cornerstone of financial success.

With professional advice to guide you designing a financial plan that considers not only your new wealth but every aspect of your financial world becomes simple.

Your team of expert financial advisors can help you:

  • Understand the different investment options available to you and decide on the right ones for you
  • Navigate every aspect of your new wealth with ease through our expert professional network
  • Make financial decisions that consider your entire family while ensuring your personal needs are met
  • Learn about any new tax obligations you may now have due to your newfound wealth
  • Define what’s important to you and help you set financial goals that reflect that
  • Use your wealth to ensure you and your family are protected, no matter what
  • Plan your dream retirement and utilise your wealth to help you get there
  • Determine your risk tolerance and investment goals in light of your sudden influx in wealth
  • Decide on whether the financial decisions you’d like to make are right for your short, medium and long-term financial goals

Experiencing a sudden increase in wealth should allow you to look towards the brighter future your wealth can help you create with hope.

Don’t spend another minute worrying about what you should do next or feeling overwhelmed by all the moving parts that require your attention.

We’re here to help you tackle this new phase in your life with confidence.

 

Here’s just a few of the clients like you we’ve helped so far:

 

A mid-20’s construction worker who was told he’d never work again:

  • This client was unexpectedly in a bad car accident and ended up in a wheelchair as a result, leaving him permanently disabled.
  • While his injuries prevented him from ever working again, he received a TPD insurance payout from his multiple superannuation funds, leaving him with a sudden growth in wealth of around half a million.
  • We worked with him to ensure that his wealth would be used to provide with a comfortable income for the rest of his life.

A young woman who lost her mother two weeks after they found out she was ill:

  • This client and her family unexpectedly lost their mother two weeks after she was diagnosed with a terminal illness.
  • While she was grieving, this client then received an inheritance of approximately $500,000 which she had no idea what to do with.
  • Knowing she wanted to use her inheritance to ensure that her and her partner were able to have the financial freedom to enjoy the life she wanted, she reached out to us for help.
  • We ensured that her inheritance was being invested in a way that would allow her to have the solid base she needed to overcome her loss and move forward knowing that her financial future was secure.

A divorcee who had never had to manage money before:

  • This client had spent the majority of her life trusting her ex-husband to manage every aspect of their financial world.
  • She came to us after she received a lump sum of approximately $2 million as the settlement for her divorce.
  • Having no knowledge of how she may best use this settlement to achieve a secure financial future, she found herself overwhelmed and worried about what her future may look like.
  • We helped ease her worries by making sure her settlement was invested across a diverse range of assets through a family trust, ensuring she’ll be able to draw a comfortable income for the rest of her life.
  • With her financial future secure, she was able to purchase a home and embrace the next chapter in her life to the fullest while knowing that she was taken care of financially.

A young car crash victim facing a tight deadline to make the most of her payout:

  • This client suffered serious injuries from a car accident at the age of 24 that disrupted all of her future plans.
  • While she was coming to grips with her injuries, she received a personal insurance payout of approximately $1.2 million which she struggled to know what to do with.
  • We placed her insurance payout in an account-based pension through an SMSF, enabling her to draw a comfortable yearly income. We made sure this was done within the 90 days of her receiving her payout required to avoid unnecessary tax charges that would have severely diminished her income.
  • We also uncovered an unclaimed Total & Permanent Disability policy in an unused super account, which we worked with her to successfully claim in order to provide her with a well-diversified investment portfolio.
  • Now that her financial future was taken care of, she was able to focus on recovering and has recently started training to become a yoga teacher.

And just as we’ve helped those who have experienced the same things you are, so too are we here to help you.

All you have to do to get started is get in touch.

Contact Your Expert Wealth Advisor Today >

Your life changes the moment you make a new, congruent, and committed decision.

— Tony Robbins

CLIENT TESTIMONIAL

Ben and the team have been such an asset to our wealth building journey. They’re always readily available for help and advice, specific to our particular scenario. It has been a pleasure working with this team and look forward to many more interactions in the future.

Erika D
CLIENT TESTIMONIAL
Having come from a planner where we were very disappointed, it has been a refreshing change dealing with Ben & the team at MWS. They are responsive, helpful, go above and beyond to answer questions and most importantly we have found it easy to understand the finance speak and to actually understand what our money is doing. Thanks for a great experience so far!
Rochelle
CLIENT TESTIMONIAL

Guy and the team have given us peace of mind and confidence in our financial future. They keep us engaged and informed, make it easy for us to ask questions and provide us with tangible results in our regular reviews. We would recommend them to anyone.

Michael E
CLIENT TESTIMONIAL

Nikki and the team have proven invaluable to my financial control and wealth management, I would highly recommend the team at My Wealth Solutions to anyone in any financial situation. 11/10

Ethan M
CLIENT TESTIMONIAL

Excellent service! My girlfriend and I were looking for ways to maximise returns to make to most out of our money. We needed someone with more knowledge in the financial sector than ourselves who we could bounce ideas off and come up with strategies that we hadn’t thought of. Ben and the team at My Wealth Solutions have done exactly that. They have been available for us to ask questions and have been patient with their explanations making sure we understand.

Russell D
CLIENT TESTIMONIAL

Robert Creaton and his skilful team helped me and my wife through the process of financial planning by guiding us to take the right steps. I would recommend Robert and My Wealth Solutions to anyone who wants to secure their future without any stress.

Amit M.
CLIENT TESTIMONIAL

We’ve had a great experience at My Wealth Solutions. The team has been very professional and they send updates so we can track how we are going. Robert has made us feel comfortable about our financial future.

Kylie F.
CLIENT TESTIMONIAL

Ben and his team at MWS are very easy to communicate with and they take the time to explain the nuances involved in financial advice as well as being transparent with costs associated, which is refreshing and trustworthy.

Andrew P.
award winning and highly recommended

Feeling overwhelmed by the amount of choices before you?

You don’t have to face them alone.

We’re here to ensure that your sudden wealth is being used to help you secure a brighter financial future.