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Financial planning for new found wealth

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Perhaps you've just inherited a large sum of money, have received a lump sum pay-out or you've won the lottery.Either way, when you have money you've never had - the first instinct is to splurge.But our next guest says that adopting this attitude, rather than seeking lifestyle financial planning advice, can be the beginning of the end for your newfound wealth. Alec Riddle is a Certified Financial Planner at Old Mutual Private Wealth Management and he joins us from our Port Elizabeth studios.For more news, visit: http://www.sabc.co.za/news

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SABC News actuality world news local news Alec Riddle Old Mutual Private Wealth Management Port Elizabeth Eastern Cape
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