7 simple financial rules to know before you get a windfall

How not to be like actor Johnny Depp, who made $650 million and now is reportedly broke.

By Barry Ritholtz | July 19, 2018 at 10:12 AM

man watching dollar bills flying overhead

rich money wealth

1. Have a plan.

intergenerational wealth transfer

2. Delegate but be involved.

3. Understand your career cycle.

4. Friends and family entourage on the payroll.

5. Avoid debt.

6. Keep your investments simple.

7. Understand what money is and what it isn't.

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