Having someone show up and build a beautiful new home for you is a lot like winning the lottery.
It sure seems to be that people who find themselves with a large windfall definitely have more trouble maintaining that level of wealth than someone who has worked for all of it.
Actually that’s probably why they never had that level wealth, not why they can’t maintain it.
This does often seem to be the case. A couple that has struggled for decades to pay off a mortgage, or create their dream home from a fixer-upper over half their lifetime have so much more invested in it – emotionally as well as financially – and each other as well, I should think.
It is actually very interesting to see the statistics on windfalls. People with large inheritances, or lottery winners seem to always spend more than they get. In fact 90% of windfalls seem to go bankrupt within the first five years of the windfall. Moral of the story. If you get a windfall invest or figure out what you need to spend on debt. Don’t get that Ferrari!