Suppose you woke up to the news that you’ve received millions of dollars in inheritance, won the lottery from lottery operator Lottoland, or found yourself in favour of a huge legal settlement; how would your life change? Would the financial windfall open the doors to more happiness and opportunities or unending turmoil and chaos? Keep reading to find out how a financial windfall can impact your life.
Reduced Privacy
High-end suburbs and plush vehicles are associated with silence. However, wealth does make noise, especially when it is sudden. Noise and publicity attract attention, and with it, you lose your privacy.
For instance, winning the lottery jackpot may get you featured on national television. The news spreads like a wildfire. People now know your name and your face. Consequently, you can no longer travel around or go about your business as silently as before.
The media wants to know every detail about your lifestyle: what you eat, how you eat it, and the places you frequent. Long-lost relatives now want to move in with you, and the phone calls from borrowers never stop.
Congratulations! You are now a public figure, and privacy becomes a thing of the past.
Raised Societal StatusÂ
Money is synonymous with higher status. A windfall, especially of a huge magnitude, such as a lottery jackpot or huge inheritance, will skyrocket you to higher societal status.
With it, you can now move to that leafy suburb you’ve always wanted or afford to eat in those luxurious restaurants you hear about.
A sudden windfall can get you access to that premium member’s club or gym membership where the high and mighty pass the time. Thanks to your new status, it’s high time you created new friends and a high-value network.
Furthermore, more people want to be associated with you. All, including old friends and relatives who claim to have raised or even known you as a child, now want to rekindle that friendship. Also, you get invitations to high-end business meetings and a special seat at the high table.
You Feel You are More in Control
There’s no better feeling than knowing you are in full control of your finances. You can now settle those overdue debts and pay premium car insurance. Imagine being able to afford any medical emergency or clear your internet, water, gas, and other bills well in advance.
A windfall enables you to make some significant steps in life that you had put aside due to a difficult financial situation. For example, you can now afford college fees, and the subsequent degree will give you a higher-paying job.
You can now make important life decisions without the question of money, which ruins everything. Therefore, you tend to feel like you are at the helm of your life, which you can steer wherever you want.
More Happiness
They say money can’t buy happiness. But sudden, unexpected money can move you closer to happiness. You know that feeling when you walk out of the store carrying something new you have always wanted?
News of newfound wealth triggers a spike in dopamine levels in your body. Dopamine gives you extreme pleasure and satisfaction. This is reflected in other areas of your life, such as concentration in learning, better sleep, and improved mood.
Imagine buying everything you have ever wanted without the fear of bankruptcy. Think about travelling to your favourite holiday destinations every year alongside friends and family. What about buying that new beach house, yacht, or business? Pure happiness!
Emotional Instability
Sleeping poor and waking up rich brings a huge emotional deluge, where one experiences various emotions that may cause an imbalance in one’s emotional and mental state. You may experience denial, anger, guilt, fear, and anxiety. After all, you have never had this much money before.
The first thing that comes after landing a windfall is denial. You struggle to accept your new reality. Guilt follows after reality sets in because some people never imagined or don’t consider themselves worthy of owning such a huge lump sum.
Further negative emotions include anxiety and fear. For example, the windfall was an inheritance in the form of shares. The volatility of the stock market will get you anxious and worried. If the money was in cash, there is still the fear of losing your newfound wealth to fraud, robberies, and money heists.
Conclusion
A financial windfall can make or break your life. It all depends on how well you handle the situation. You might have a shopping list, but nothing prepares you for the emotional peaks and lows triggered by a sudden influx of money.
Content for social media sharing ever wondered how a significant influx of money, such as winning the current Lottoland jackpot, can influence your life? Read our latest blog post to know what follows after such an eventuality.
