The Sudden Wealth Solution

CREATE LASTING WEALTH Up to 90% of sudden wealth is lost according to research. Why? What makes sudden wealth so different and so fleeting for so many people? And more importantly, how can you avoid the unforeseen dangers and mistakes even the most money-smart and sophisticated people often make? This book reveals the following 12 principles to ensure your sudden wealth becomes lasting wealth. 1. Take Control 2. Slow Down 3. Get Help 4. Upgrade Money Beliefs 5. Manage Relationships 6. Say No 7. Help the Right Way 8. Create a Better Life 9. Set Spending Limits 10. Protect Wealth 11. Grow Wealth 12. Stay on Track If you received money from inheritance, lawsuit judgment, divorce, sale of a business, stock options, lottery win, or from an entertainment or sports contract, The Sudden Wealth Solution shows you how to protect your money, save on taxes, and create lasting wealth.

Robert's book is the Bible of sudden wealth. So read it now!" ~ Mary Buffett, New York Times bestselling author of Buffettology Everything changes. Those are the words I’ve heard time and time again over the past two decades from my clients who became sudden wealth recipients. Sudden wealth is a roller coaster ride of emotions – from the highest highs to the lowest lows. Sudden wealth is often portrayed as creating dire consequences for its recipients, but it can be an amazing opportunity that improves your life and those around you. I’ve worked with enough sudden wealth clients over the years to see patterns – what works and what doesn’t. With proper guidance, and a willingness to stick to the 12 Principles outlined in this book, you can avoid the common pitfalls that so often destroy money, and instead transform your sudden wealth into lasting wealth to create a better life for yourself and others. Here are just a few things you’ll learn in The Sudden Wealth Solution: • What does sudden wealth and surviving a disaster have in common? This one idea can help protect your money for generations. • Learn about the three sudden wealth stages and what they mean. • Never be caught off guard again. Learn just one sentence for when someone asks you for a loan or to invest in a project. • Should you avoid making decisions after getting your sudden wealth? No. Doing so could cost you millions and be disastrous. Discover the decisions you are safe to make and those you must not make right after getting your windfall. • Learn what time of day you should schedule phone calls and meetings with your advisors. • Learn an effective and step-by-step method to choose the right attorney, CPA, and financial advisor for you. • Read about the 8 key rules you can use to evaluate every financial advisor you interview. • What's a Driver vs. a Passenger? You'll understand how this can help you make the important decisions. • Overwhelmed and not sure what to do? Learn how to relax and start making progress. • You might be surprised about the places you shouldn't look for an advisor. • Certain money beliefs can make it nearly impossible to create lasting wealth. Learn which money beliefs you have and how to reset them. • What to communicate immediately to friends and family after receiving sudden wealth. • Copy a short note from the book that you can email to friends and family that puts you in control. • Does it ever make sense to stretch the truth? You'll read why it just might. • Figure out who's in your lifeboat and why this is one of the most important things you can find out to create financial security. • Why people who get sudden wealth often act like monkeys and what you can do about it. • Discover what really makes you happy and how you can use money to enhance your life. • Learn what money has to do with cacti and ferns and why you want cacti. • Read why the acronym SAFE can help protect your wealth. • Can living with someone jeopardize your assets? Yes and you'll read the easy solution to this. • Learn simple rules so you can invest like the Harvard endowment. • Which investments are off limits and why. • Learn how to create lifetime income from your sudden wealth. • Worried you will spend too much? Learn how to break the spendaholic addition. • You inherited an investment account and want to know what you should do with it? You'll find out. • Married and getting an inheritance? Don't make this mistake... • There is a 50% IRS penalty you need to know about. • Five critical things you must do if you are going to file for divorce. • How to remain anonymous after winning the lottery. • How to get a lifetime of tax free income after a lawsuit. • Your company's stock had an IPO but you want to reduce your risk? Here are six ways. • Why so many athletes and entertainers go broke and what to do about it.

Hello. My name is Robert Pagliarini. I have the great honor of helping people during one of the most exciting and nerve-wracking times in their lives. I have specialized in managing, growing, and protecting clients’ sudden wealth for nearly two decades. My investment and wealth management firm, Pacifica Wealth Advisors, serves clients across the country and around the globe. We have developed a reputation for our specialized work with sudden wealth from inheritance, divorce, legal judgment/settlement, stock options, business sale, sport/entertainment contract, and the lottery. ALWAYS LEARNING Sudden wealth is an area with always-changing tax, legal, and financial issues. I’ve made it my mission to become a life-long learner and student. This probably explains all of the letters after my name. I am a Certified Financial Planner™ practitioner, a Certified Divorce Financial Analyst, a Certified Structured Settlement Consultant, an Enrolled Agent with the IRS, and have a Master’s Degree in Financial Services. Next up? The Ph.D.! PSYCHOLOGY OF MONEY Although I’ve spent a great deal of time learning the financial, tax, and legal aspects of sudden wealth, I would be doing my clients a huge disservice if I stopped there. I tell my clients that successfully managing sudden wealth is often less, at least initially, about managing the money and more about managing emotions and relationships. To that end, I went back to school and earned a Master’s Degree in Psychology with an emphasis in marriage and family therapy. My goal is not to be a therapist for my clients. My goal is to better understand what drives them and to help them make the best financial decisions they can. LOVE OF TEACHING This is the third book I’ve written. My first was the #1 bestselling The Six-Day Financial Makeover: Transform Your Financial Life in Less Than a Week (St. Martin’s Press, 2006). My second book was The Other 8 Hours: Maximize Your Free Time to Create New Wealth & Purpose (St. Martin’s Press, 2010). This book was a departure from traditional personal financial advice and was more focused on investing your human capital rather than investment capital. I think books are a great medium for providing timeless advice, but rules and laws can change very quickly. If you want to read my latest thinking, I write financial columns for CBS, Forbes, HuffingtonPost, Tribune Media, and others. DADDY ON TV Over the years, I’ve had the privilege of appearing on Dr. Phil, 20/20, Good Morning America, Fox Business, Katie Couric, and many others. I always have a good time on these shows, and my daughter gets a kick out of seeing Daddy on TV. HELPING THE LESS FORTUNATE I’m not sure if it was because of my own experience as a child seeing my family struggle financially, but I’ve always been interested in helping those with less. I got in the habit of writing checks and supporting causes, but there was something missing – I wanted to do more. A few years ago, a couple of friends and I started a non-profit organization called The Band of Brothers Foundation. Our charity supports poor and often parent-less children around the world. We currently have active school, orphanage, and other projects in Thailand, Vietnam, Myanmar, Cambodia, Indonesia, and the Philippines. Visiting these countries and helping these kids has been one of the best things I’ve ever done. MY WEALTH MANAGEMENT FIRM We are experienced independent investment managers who get up each morning with the unwavering mission to help our clients make more money through low-cost investing, reduce the taxes they pay, and implement comprehensive and creative financial strategies tailored to meet their needs. We are honored that our clients put their trust in us to help them create a better future. We are passionate about always doing what is right, honest, and ethical for our clients—putting their needs above all others. And we never forget that we are here for our clients and because of our clients.