According to one survey many rich people who lose most of their wealth have two causes (1) divorce (2) bad investments advice. The 1st comes not only for lifes

According to one survey many rich people who lose most of their wealth have two causes (1) divorce (2) bad investments advice. The 1st comes not only for lifestyle changes but also the fact that your spouse may realize she can easily just live by her/himself in case a severe disagreement occurs and hence there are less chances of negotiations and moving on. The 2nd happens because money managers, wealth advisors are going to swarm you. All your friends and their uncles are suddenly going to have once in life time gold plated locked in deals. So my advice would be to keep life simple, don’t advertise your wealth and don’t rely on managing your wealth anyone but yourself. Remember Warren Buffet stayed in same house and didn’t even told his family even when he became one of the richest person. Study all your investment options intimately, think of it as your new job. Avoid investing more than 5% of your wealth in any single option that is not backed by government guarantees directly. Make friends with other people with similar networth and learn from them.