windfall

Living Off Life Insurance

by Michael on Jul 8, 2013 · 3 comments

In response to my post about handling a windfall, a reader named Eliza asked: What do you do when the windfall is accompanied by tragedy? My darling husband of 27 years lost his battle with leukemia, leaving me a widow at 50. Yuck! Now I am not only dealing with […]

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Spend Less Than You Earn

by Michael on Jun 17, 2013 · 2 comments

Perhaps the best known bit of financial advice out there is that you should “spend less than you earn.” You’ve probably heard it over and over (and over!). And for good reason. This is a bulletproof solution to whatever financial woes you might face. And yet… So many people seem […]

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How to Handle a Windfall

by Michael on Jun 3, 2013 · 12 comments

A couple of weeks ago, someone won a nearly $600M jackpot — though it was “only” $380M if they took the lump sum cash option. And then, a few days later, the news broke that Yahoo! was buying Tumblr for cool $1.1B, making their founder fantastically wealthy. Time and again, […]

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