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Some people who suffered from this syndrome are lottery winners and those who won a huge amount of money from casinos or even investors who made huge profits from trading


https://www.investopedia.com/terms/s/suddenwealthsyndrome.asp

I experience this in the glory days of Bounty where in those days you can earn huge money from bounties it's not really a very huge amount of money but enough to change my financial status at that time, the feeling is not good there are a lot of highs and lows and you will start to ask yourself if you deserve it or suddenly everything you wanted are all here and you become isolated, good that I have overcome this feeling when I have it the first thing I did is to talk to my family and list everything that should be done and try not to change my thought even if I have a huge amount of money in front of me.

Have you experienced this feeling and what are the steps that you've taken to fight this Sudden Wealth Syndrome (SWS)

Do you think people who have a chance to make a lot of money should be aware of this and do you know what you're going to do if you won a big amount of money?

I'm not aware of such syndrome. Personally, I would never feel like that, because if I'm playing a lottery game or working on something which pays very decent income, I keep in mind I'm doing that because the potential rewards to be received. If I think I don't deserve to win a lottery prize or a high wage, why am I gambling on the lottery and working, then? For me that is the kind of syndrome which doesn't make much sense.

The main symptom I see from big winners is the fact they get too compulsive over the prize won, so they start spending it without planning carefully their financial plans for the long term. So they tend to waste all the money in a very short period of time with travels, expensive gifts, luxurious superfluous items and accessories they don't need.

I think this was when axie was booming? I was an early investor so I profited quite a lot from the boom, not to mention I went to the path of expanding instead of saving up. It was rather big for me at the time since in the first place, when I started investing, the prices were cheap yes, but it still took around 2-3 months of saving up before I could buy one (I am so glad it was before it started growing so I had time to grow).

It was hard I guess, I myself recognized I turned a tad bit too arrogant (If you can count that was what changed). What I did was distract myself. I used the money I earned to buy some stuff that can help me, specifically in my hobby of drawing. I bought a drawing tablet and a bunch of online school courses and used that as an idea that I'm just at the bottom of the barrel, at least in something.

They definitely should. They should watch those ruined lottery winners. A LOT of them turned out really bad despite winning a lot of money. I was amazed at how much they could splurge really. I didn't have that impulse to spend money like water luckily, just arrogance.

This is a reality that many or all who got money their never planned for will face,  because if you win a lottery,  it sudden and if you don't have a lay down plan before your winning it could indeed trigger up something that could be devastating for both you and your entire household,  take for example winning or profiting a large amount of money and if you missed to invest it into something that can enhance your privacy,  you could exposed your self and family into security issues,  such as living above your previous status which can attract onlookers.

But just like you said,  I have also been a victim of this crisis before but in my own situation,  the rewards didn't come at once like in a lottery,  but bit by bit,  and that helped me to manage the resources as their comes and also made me to be able to always planned ahead.

But that experience came after I have faced a lot of identity crisis on how to align myself with the news status,  gambling/affiliate marketing have indeed been the cardinal poll that have unlocked a lot of wealth for many who are lucky and passive in them.

If I win huge amount of money, I will quit gambling and establish a business. But if possible that I can use 5 of the money won for vacation, it would be good. Also 5% to buy some expesive thngs to leave a comfortable life. 5% for my family and other people that will disturb me. The remaining 85% on business and assets. Which means I would have prepared and and keep in mind to discipline myself always. To spend wisely. I can start to gamble again from the profit I make from business, but just little amount from it like 2% of my profit.

Well I really wish to get a chance and win a huge sum of money one day while gambling or in lottery, honestly I never heard of this SWS syndrome before and it’s a good thing that you brought it here and maybe a lot of us also don’t know about it. However I feel like if i won a huge amount of money in very short time without big effort certainly your brain will think that there’s something unusual is happening and mix of happiness and fair of that money can disappear easily at the same time.
Chances of that to happen are rare the proof is whenever someone win big they all publish his story and name on internet because it something that happens once a while either on lottery or casino. And for what someone who is old and educated enough gets that chance he surely will think about saving half of the amount, invest some of it and spend the rest on things you wish to have before and change your life with it.
Lol I wish i can get the chance and I’m so ready for the consequences or syndromes that comes after it.

I experienced this when I held bitcoin for a few years and sold it at a greater price than what my entry price is. It was a sudden jump in the money that I was handling, plus I got promoted to a senior position in my job that greatly increased my pay. It was, at first, tough to handle the inflow of money since I wasn’t so used to it. I splurged and spent like there’s no tomorrow, until such time that I realized that it’s something that might be gone in a moment’s notice and that I should be careful in my spending. Thankfully, when I started to gamble, I already know how to handle my wins. I managed to use what I gained on my previous wins for my next sessions, until it became a habit that I will not deposit unless I have run my funds dry in my gambling account.

Who knows what will happen until the game-changer came into our life?

Personally to me, I already experienced receiving a huge amount of money lots of time times way back several years ago. The feeling is, I am able to spend freely without worrying about my personal financial status. Although my regular spending becomes noticeably increased, I didn't turn into a sh*t person that always does unnecessary buying of anything. I was able to build our own house even during the pandemic, able to purchase a family car, motorcycle, bike, etc. That's why even though I'm currently not that holding decent money much the way I used before, I am able to use my earned money for good.

It's really up to the people how they will handle things once they are now in that situation. Doesn't really need for them to have an awareness of the said syndrome as these people will only understand being in that situation once they personally experience it on actual.

The key here is planning ahead and keeping it discreet, when you're planning ahead it's not that you are expecting money to come its for you not to get a loss in making a decision when you suddenly win or accumulate a huge amount of money and another one is discretion not letting everybody knows what you've had until the time you know where to spend or what is the right thing to do with the money.

Sudden Wealth Syndrome (SWS) can also be overcome by not touching the money, for a period of time until you resolve the syndrome and awareness of the existing symptoms of Sudden Wealth Syndrome (SWS) will help you make the right decision.

I can understand it existing but never really seen it in crypto personally.  I have way too many bills to ever suffer from this in my life ever and if I didnt have enough bills, I have a giant extended family.  I only need divide the millionaire fortune across my entire family and it'd be a hundred dollars each :D   Not sure I'd ever be that generous but certainly I'm used to considering money, balancing bills and income to stay liquid.
   A ton of people never think of money, they earn then spend their pay almost immediately its mere minutes per week for them; so yes this is a real 'syndrome' not made up and some people end up in trouble from worry etc.

I didn't know there is even such a thing. I guess it doesn't apply to everyone. I've had my share of winnings but not on the lottery levels yet. My priorities in life changed since I gained more and I made the decision of moving up the ladder instead of spending time hanging out so that kinda disconnected me from certain people I used to be with.

Yes, it would help if people who suddenly become rich are aware of this. At least they know what it is they're going through, and they could also learn how to best navigate themselves away from it.

Sometimes, I and my neighbor friends talk of the possibility of winning the national lottery. While it's normal to hear the comment that he/she would share with us his/her winnings, it is ironic that it's also perhaps equally normal to hear the comment that he/she would quietly leave the place and settle somewhere far where nobody knows him/her.

I guess the latter is some kind of proof that becoming rich all of a sudden might indeed isolate somebody. The tendency is probably natural. Hence the feeling to relocate to another place.

Yea, this is true for someone who has not really been seeing a huge amount of money, but all of a sudden, by luck in a bet, that kind of person makes such a huge win, and that's when they will experience the SWS, because ever In their life they have not really been seeing or even spending any amount that is close to that. For example, someone who is just earning like $100 every month maybe gets to win $1 million in a stretch while having not even made up to $200 at once in their life. I think the best way to handle it is just to be yourself and think positively about how you can improve yourself towards becoming a better person that is living on top of wealth that will be unending, because if the funds are misused, the person will still go back to not having anything meaningful while they had the opportunity to be rich. Perhaps if it's some one that was bragging and isolating himself or herself for their friends, he or she would still have to come back to them again after exhausting all the money.

I don't know if this is included in SWS but some time ago when my income increased quite sharply from crypto trading, and money was so easy to get I had a hard time controlling myself from continuing to use it even for trivial things and slowly started to feel fear to lose the money.

To be honest, it will not be easy when we have been in an ordinary economic status for quite a long time and in a short time experienced a large increase in income, whether because of gambling, trading or also because of a business that can get profits quickly, and that happens because of our mentality not strong enough to manage emotions as a result of seeing the money we have increase very sharply, many people experience this, that's why we often see news of lottery or jackpot winners with life-changing amounts that only last a few moments to become rich and then bankrupt because unable to manage other than just continuing to fulfill desires.

But people who increase their income slowly will be very easy to maintain because they understand the difficulty of getting money so they will be more stable.

Of course they should, I never actually knew the name of this particular feeling not until after reading this thread and I believe I have seen someone who actually experienced it but for myself haven't experienced it at a large scale but all that happens to me is the sudden rush of adrenaline whenever I win what I might classify as a huge win in sports betting, I mean the feeling just makes you feel as if you are going crazy and at that moment confusion on how to use the funds just keep driving all in your head.

No. I have never experienced such syndrome and I never will(probably). I know that I'm not lucky and I will never win the jackpot.
There's a saying "easy come, easy go" and I think that it applies to getting easy money out of nowhere.
When you win lots of money in an easy way, you just don't value them that much and you try to spend them for useless BS.
I don't understand how anyone would feel guilty about their luck and fortune. If they feel guilty why don't they just donate a decent amount of their winnings for charity and keep the rest of the money. This will take away the quilt for sure.

I wish and I would love to have all the desired things once in my life,if that moments come to me I will make sure I don't use it in vain by buying worthless things,something I usually do with excess money.Yet I have played for so long in slot machines,more than 5 years and never a single time to hit a max win,I guess I should be one of the most unlucky people when it come to gambling as I have seen that most other people who has played the same time as me have won at least once in some slot machine the max win,5 years playing slots consistently and never winning the max win is sure one hell of a huge bad luck.

I am well prepared though to know what to do if I get that huge amount,I will invest in several ventures to try to make me passive income.

I've never experienced Sudden Wealth Syndrome, as you describe and I'm lucky I didn't feel that way so I don't think there have been any significant changes since I got to know crypto. And when I managed to get my first money from crypto, it didn't immediately make me feel superior to other people, especially to my friends who were still working in offices. I didn't underestimate them either. Everything still goes normally.

This requires serious attention from people who can get big wins or large amounts of money because they will easily underestimate other people who don't have what they have. And I've often seen what people who suddenly managed to have a lot of money do. They usually act excessively and often annoy those around them with their attitude. But this depends on each person's awareness so that if they can earn a lot of money, they will not change their habits or other things and still act the same as before.

I expect this to affect those who are not from very harsh countries where your only chance of survival is money, I will never feel like this if I made a big amount of money from investment, I am expecting six figure in the next bull market, after waiting for years and accumulating different set of assets, I should now make 1 million dollars, which I wasn't expecting you now expect me to face SWS? That will never happen to someone like me, I have family that I need to help.

The only part that feels right is feeling unsafe, and that's because of those who doesn't have but always want to take things by force,  you know what I am talking about, it's right to feel unsafe when you are worth a lot of money.

I have never experienced sudden wealth syndrome before, maybe it's because I haven't made big amount of money yet but I know myself, I can never feel like that because making big money is my goal, if it comes it's because I deserve it.

I think the probability for the average citizen is so low, like winning millions in the lottery, that it is not worth spending a lot of time worrying about it.


If there were many millions, a part, at least 10%, would be donated. The rest I would invest in such a way that I could live with passive income and dedicate my time to whatever I wanted, and the rest I would squander without any consideration. Even if I have been managing my finances well for a long time and I have become rich, the possibility that I could win an exorbitant amount all at once scares me a little. Having a lot of money, no obligations and all the time in the world ends up with more than one in rehab or dead from overdoses, things like that.

People who suffered from this are those who are not prepared and who do not expect to win huge amounts so they are faced with this syndrome, they do not expect to win huge amounts of money and they will just decide after they won a huge amount of money.
This is not recommended when you are betting when you are trading, and when you are investing, or just about anything because there's such a thing as unexpected money, so better to have a plan and as much as possible feel it so it will materialize and things will go smoothly when you hit the jackpot.

Well I never won a huge amount of money yet so I haven't experience a Sudden Wealth Syndrome, peradventure if I win any huge amount of money I don't think I will experience it, I will have a relax feeling and try as possible to keep cool because I had already laid out how I am going to invest my funds in case any big money suddenly comes my way, of course presently I have one or two abandoned projects due to lack of funds such a project will be my priority first whenever I hit a jackpot and for the fact that other people got their money through their daily job or investment doesn't consign me afterall I got my own money legitimately through gambling.

I could understand about the extremely not want to lose any money, but I can't understand why you should feel wrong when you win big and you need to insolated from your friends? you're making a good amount of money and there's nothing wrong about it, you're not steal your friends money or harm them. If you're lucky and your friends aren't lucky, that's not your mistake.

first of all the lottery winner will indeed become very rich if he is lucky because the multiplier that is obtained is indeed very large and can change someone economy to become richer with that victory and I have ever gotten that when from the bounty results and the results became even bigger in 2021 I feel luckiest when the NFT I held turned out to be very expensive.

at that time I did not feel this syndrome but I actually lost control of being a little arrogant buying whatever I wanted and actually I had hidden about my money but unfortunately people around know this and lots of friends who approach me every day. but after that the money was gone and I just felt like this syndrome felt sorry to want to punish myself after my money was gone all my friends avoided me or I felt isolated after not having much money. whether this is a syndrome or not, what is certain is that I feel this after having nothing else.

from my experience it provides a valuable lesson that for anyone who can make more money does not have to know this syndrome, it is enough to hide everything and look normal but take advantage of income on something that has a small risk but in the long run produces more. this way so that we do not feel isolated if a problem occurs because we will only be ourselves without being overvalued.

I don't know anything about the Sudden Wealth Syndrome (SWS) and I'm hearing about it for the first time. Of course, the symptoms of this syndrome are not familiar to me, probably because I am not the owner of big gambling winnings or wealth in any other way. :)

People who have a chance to make a lot of money (even people who don't have this chance, because they may suddenly become the owner of a rich inheritance, for example) don't need to know about the Sudden Wealth Syndrome. If they suffer from this ailment, which they feel about, they can turn to specialists who will provide qualified assistance. I mean, as long as it doesn't bother you and doesn't spoil your standard of living, then you shouldn't fill your head with nonsense and worry about it.

What will I do if I win a big sum of money? Even I have no idea, because there are no prerequisites for this (I am not a gambler). I don't want to fantasize about this topic, because I think that problems need to be solved as they arise. If there is no problem with having wealth and the question of how to spend it, then you should not waste time thinking about it.

Well, I say most of the people who become rich all of a sudden goes through complete behavioral change but it is very normal thing if we thing realistic cause something happened that they didn't expect it to be but I am not going to call it as syndrome and people have to pay some money to get out of it.

This thing happens once in a million so probably there are not a lot of people to speak about as well but what they will do is just go rouge and spend all their money in a way that is not really necessary for them and get back into the same place where they started in a year of few.

          -  I have never experienced such a thing, but I don't want to experience it again, maybe it happens often to those who win the lotto jackpot prize. Because of the lack of knowledge on mismanagement and financial management, this is also probably the reason for losing or ignoring large amounts of money won because they are shocked by the amount they are holding because they are only used to small amounts.

but of course I hope no one experiences it here in the crypto gambling community, we must play the right game in gambling here in the crypto space so that we don't get stressed in the end.

I didn't know this syndrome existed. I thought that people who suddenly earn a lot of money would be happier and calmer in life, but it turns out that for some people it was like disaster for them.
But I think that if we understand financial management and stay humble in any situation and don't need to overthink about everything, this kind of syndrome won't happen to us.

I thought the meaning of isolating ones self from your friends and the guilt, I think it has something to do with your friends expecting too much from you. I mean your friends would probably going to give you a lot of pressure to spend on something and they are expecting it for free that you'll pay for everything since you've made a sudden fortune, which they also think It won't gonna matter because you still got a lot in your bag. Remember, this syndrome doesn't want you to lose these money - so might as well save it for yourself than spending it with your friends every time you are all together.

Good, I haven't heard about this syndrome but I know that some lottery winners are being hit by it. So it could really be a curse for anyone to have that windfall win in our life as we don't know how to cope with that huge money that suddenly comes in our way.

So I guess for those who win in lottery or any other gambling, should really be careful and just put their feet on the ground and still simply and don't feel like you are privilege. Otherwise, you might hit with this syndrome and it could have a very negative effect on your psychology.

i have experienced this, it was when i received an inheritance from my grandfather, not winning the lottery or other types of bets, the amount was very large and i was very surprised at that time, i was very confused about the money i got, it was very wasteful, i also felt like the luckiest and richest person when i received the inheritance money, fortunately now i have recovered from that syndrome, my expenses have become stable and i prefer investing rather than spree, i even manage my betting capital as best i can so i don't lose money and lost control of the money i had because of gambling.

For now, being wealthy in the near future is still a dream for me. But if given a chance to become instantly wealthy, perhaps my first step is to plan out how to use my money wisely. Having an investment would be my top priority, and then buy my own house and lot for my family. And just gamble for fun, not certainly to earn an income.

My life will definitely change and I’m aware of that. But I think I won’t be affected with this Sudden Wealth Syndrome because becoming wealthy has already been set as my goal. Maybe for those people who are not expecting to be rich because they are satisfied with their present status, once they get into this, surely they will feel this SWS.

You were wasting your inheritance? the symptom of this syndrome is where the person is extremely don't want to wasting the money, so it's really opposite with your experience.

Well the biggest challenge of people who are already working is the way they spend their money. Did they spend their money based on their wages? or did they spend based on their need? if someone still spend their money based on how much their wages, they're still not mature.

I have not won big in gambling but I have had a job that changed my financial condition. The job was paying me 7x more than my former income and it was a dream come true. Gradually there was this feeling that I am now in another class, so I needed to abandon some of my friends and seek people that are in the same class as me. I wanted to change my car, house, and physical appearance. But I resisted those desires by maintaining my normal life. The first move I made was not to let anybody know that my income has increased. I retained my friends and associates. I also ensured that I didn't spend much on pleasure. But I focused on investing my income in profitable ventures. My expenditure remained the same but my investment increased.


It should be an important course or study for people that make instant wealth. If they are aware of the meaning, causes, and consequences of Sudden Wealth Syndrome, they will seek means to avoid it. Thank you OP for this novel topic, I have learned more about this disorder and I never knew that I also faced this syndrome.

I have experienced it but it's not from gambling but from investing in altcoins, I had invested in this particular altcoins that gave me so much profits I doubted myself of been this wealthy and decided to start spending above my previous lifestyle, I almost got broke from this.

Many people aren't prepared for the wealth that they're seeking through gambling or investing and when the money comes they do unproductive things with the money and this is a result of sudden wealth syndrome. We have to be prepare before the wealth comes.

If we don't prepare ourselves we'll misuse the money as many lottery winners has done in the past. One way to avoid this is to maintain your regular life when you suddenly get rich, don't increase you standard of living and go to seek the help of a financial manager to help you.

Yeah, for sure, I will say that my judgement is clouded because I don't know what to do with my big winnings that time. Nevertheless, not sure if that is what we call SWS because I just easily buy everything that I can get my hands.


Maybe, so that they will know what do you and that they will have the right decisions when something come to there way. It could be just like $10,000 but it could also be big in their local currency. Compare to millions if not billions that someone will will in a lottery.

The Sudden Wealth Syndrome I think is suffered by majority of people who does stake bets without hope of winning because to them they probably think the odds off winning the game is significantly high and then at the end they see themselves winning huge amount of unexpected money.
The reaction usually crazy and sometimes they find it very difficult to handle their emotions and sanity in such cases. That's why some betting companies does initially involve the winners of such kind of bets with some frightening activities that'll deeply scare them before disclosing their winnings to them

It's now that I read this term but I know the specifics or the symptoms of this conditions from the people I know who gambles a lot. Their stories tend to always focus on the parts where it's about how much they have "won" and how they would want to have that "win" again. They are saying that they can do it again and would just end up losing more.

Personally, I think I have just felt the urge to gamble again because I have experienced it already but I stopped myself because I know that it's not gonna end up well.

I was not aware of the existence of this problem, to be honest. When I first took a look at the name of your thread I thought SWS was about the unmeasured waste of money new wealthy people can go through, which eventually lead them to financial crisis.

This is a syndrome I have never experienced, because I don't think I have such luck to each much suddenly, though, I would be in favor of providing anonymous psychological help for those who suffer it, so they can overcome it and enjoy their life.

It should be anonymous and free of charge because both the identity and the amount of money the patient has can influence on the treatment a psychologist would be providing and also over the personal security/integrity of the patient.

Unfortunately there are "doctors" who are willing to hook us up in their office for the sole purpose to milk more money from someone they know that has it.  :(

I don’t experience this personally but one of my friend suddenly have this kind of same syndrome when he was promoted at work. He wants to become separated with us because he thinks that he is already on different level. It's funny how people can easily change with sudden changes on wealth or position.

I believe people experiencing this kind of syndrome knew exactly what's happening and they choose to do that because they want to show their advantage over other people. If I will have a chance to have a huge money then I will put it on investment so that it will not be spend without any return profit.

I just found out is a special term for this kind of thing. Because a big win is still a big win, nothing more, and there is no point in the term. You suddenly get rich, change your life, sometimes get a little cocky, or maybe avoid people who ask for donations. I have never had such big luck, but what is clear is that the betting results always return to the point where the money was obtained. He would gamble again and again to test his luck a second time.

I haven't heard of this before, but that's certainly something to keep in mind if that ever happens. I guess the good thing is that is a person's wealthy and experiences these symptoms, it's totally affordable to go to therapy and work through this. I've never won life-changing amounts of money, so I haven't experienced that, but it certainly should not be disregarded, and it's better to plan ahead for it. It's kind of like the midlife crisis. You don't know if you are to experience it, but it's better to be aware of that in advance, so that it's not unexpected.

I have not ever experienced that. My take on this if SWS was coming for someone who never won huge money in their life. The fundamental problem was how people can control their emotions properly. Emotion became the key factor that was also influencing people's greed.

People shall be aware of that. From this article there have been so many stories related to the SWS syndrom. They were not able to use their money wisely. They lack of a plan to use the money properly after winning a big jackpot. Winning millions didn't matter as long as the winner lack of knowledge about how to make a proper plan for his jackpot.

https://www.gobankingrates.com/net-worth/bankruptcy/lottery-winners-who-lost-millions/

Sudden wealth syndrome from what I have understood that you are writing is most likely to affect people who were not born into wealth and have never been exposed to riches and abundance. For a gambler who is from a rich background, someone who has had or have been given huge sums for personal use by their very wealthy parents they will not be affected by SWS whenever they win big, but they will likely still end up spending all the money because they have been exposed to huge money before that they squandered off, this one from gambling will not feel different to them.

Well this is weird.

When you're gambling too much e.g. spend time and money to gamble without any control, it's make you become an addict and gambling looks bad here.

When you're hit a jackpot or lottery and you win a lot of money, you might be infected with this syndrome and gambling looks bad here even though you're making money through gambling.

I think bounties in crypto was still here but only on different approach. In regards to gambling I guess there's nothing change in it but there are just too many options to choose these days e.g. gambling site that offers NFT and has different features, lot has open bookies, etc. Not that I can remember it but for sure as human we tend to be shocked especially if you're new to it, it's understandable and we can learn from it.

We tend to not care on these things when we're experience it at the moment but the realizations always comes after. I think those who have the chance to make it should learn a lesson a thing or two so I think it's not necessary that they should know this beforehand unless you're really aware in the first place.

Every gambler's dream is to become wealthy and live a life like a king. Such gamblers are from the poor or the middle class and they buy lottery tickets to achieve their goal. I do understand most of them are not prepared as they never expected that they will win one day. When they win they lose their mind just being rich from being poor and this is where they start hallucinating about the money they won. That is when they start taking wrong decisions on money management in the end they lose everything that they won. In today's time, every mental issue has a scientific name and that is why we now are hearing about this syndrome. In normal words it meant, I do not know what to do with this money. 

Wow. Thank you, robelneo, for this topic. I am today years old when I heard about this Sudden Wealth Syndrome (SWS). I have had an experience or feeling of this in the past when I immediately received money after being broke for some time. What you have explained is what I experience - first, it is a feeling of confusion, and then I forget everything I had thought about doing when I receive the money. It only comes back when the cash has been depleted. What I have learned to do to fight this Sudden Wealth Syndrome (SWS) is to make a list of my wants and needs in order of priority. When the money comes, I already have clarity on what to spend it on or not. Sometimes, I indulge myself in some guilty pleasures, but I do not overdo it.

The idea of "huge" money can be relative. I've felt it before during winning streaks. I used those winnings to keep playing instead of withdrawing any, and now that you've introduced this syndrome, it makes sense.

Holding an NFT at that time was a gamble, and unfortunately, luck wasn't on my side. I even went as far as attempting to borrow money just to invest in it, lol.

this is one of the few diseases that one can wish for ::) ?
Seriously, joke aside, this is a well-known problem and it's not just something that can be related to gambling.

I completely understand OP's point "bounty period".
Personally I experienced a certain lack of interest in other economic activities at that time, but I don't know if it could be connected to such a syndrome.

If you show the world you live a high life once upon a time and then suddenly you couldn't afford it anymore then your friends will really wonder you are not going out anymore when you used to like hanging out back when you still have a lot of money. So this SWS will affect your socialization.

But I don't see this as a disorder. Anyone who suddenly got a huge wealth that you are not used to may really decide to do something with the money after especially if they earn it easily.

Yes I have experienced this. It however had nothing to do with gambling or betting or winning a lottery. It had to do with the first time I won a contract bid to design a department jersey for more than 120students.
It was easy to just breakdown the amount as at then, because I already knew what to do, and had the knowledge and contact.
Although all this is in the past, the feeling of when I started earning then at my first job comes close to describing this sudden wealth syndrome (SWS).  I'd make a budget at first, but when the salary came, I would find out I had more expenses that the money won't suddenly become enough for.

I discovered it was because I didn't stick to my budget plan.
I outgrew this sudden wealth syndrome once I became more disciplined with my expenditures, once I stopped being a nice guy who gives money to people unnecessarily, also once I reduced my indulgence in activities like expensive outtings, or other pleasurable fun activities, with gambling inclusive.

It's just so much amazing how my mind became clearer then to know what it wanted, such that when the sudden wealth arrived, not only was I able to be responsible, I was also accountable to myself.


Yes, everyone who is still struggling or have the potential to come into such sudden wealth should be made aware. By word of mouth in a group setting, this would be much needed awareness someone will appreciate.

I have heard of it and I know what it is and I know that people do experience it but I have not. I think it is what will happen to a man at least once in his life time. I can relate it to opportunity come but once and one is expected to make use of such opportunity of huge amount of money presented to him either in lottery or winning a bet. However, we don't need to allow our life to be stagnant in expectation of making it or hitting the jackpot one day, we have to keep moving in our endeavor so that if such opportunity comes, it will become an added advantage and if it doesn't come, we are still good.

Only few gamblers experienced this one,because they may be the luckiest person then me.Since I do have experienced this one,it doesn't mean I don't experienced in the future.The situation only for now,being the regular gambler,I will wait to experienced this one.Because it will change my entire life,who don't like the asset from the gambling money.We only need to continue our betting in the gambling,one day our luckiest day will come.But many gamblers doesn't have the patience to eat the fruit.They will plant the tree and pour water daily and die or out from the field before the result come.

It doesn't make sense. Wealth is not like some sickness or anything, if you give the wrong people a lot of money, of course they will do the wrong thing but that is not because they had money, they were always that person but didn2t had the money to be who they really are.

Anyone who goes and does drugs and escorts and just dies off overdosing, were already a person like that but didn't had the money to do that, which is stupid because you could always sell your stuff and get a loan and have a night like that and you do not have to think about afterwards anyway, it is really a stupid thing to do and only a moron would do it. In the end anyone decent would know that you put it in a safe place with a small return that is guaranteed and make sure you do alright.

This is honestly the only syndrome that I want to experience. It rarely happens to a few people because only a few has a chance to get wealthy instantly. I think it only happens to those who aren't prepared for their life changes. There are fears and doubts but what important is we know how to deal with it wisely.
Once we get the chance of winning huge sums of money, we should embrace it and be wise in handling our finances and in managing our emotions. We have to accept the changes and be wise in making decisions since not all of us could be lucky.

 :D  Sudden wealth syndrome, I can't say I've heard of this before and not real sure this is an actual thing or if you made it up..either way...I would love to contract SWS! 

The truth about this is people overall are simply financially illiterate, and they think "wow, I've got all this money all of a sudden, it's going to last forever" and often times it simply vanishes with over spending.  People tend to not do a good job of saving, and think that since they won, that they should keep gambling and it'll keep happening.

Interesting, before that I didn't know about "SWS" Sudden Wealth Syndrome. but after reading from your review post, I thought for a moment and it seems I've experienced the same thing. in the case of gambling, I have never felt it. moreover, I'm not the type who likes to bet on the lottery. as you said, it is very likely that SWS symptoms will come to those who win the jackpot from the lottery. who was originally just an mediocre person, suddenly became a person who has a lot of money, aka rich. I believe, a syndrome like this has been experienced by most humans. in particular, those who initially lived in moderation or lived in all deprivation, then became rich in a short time.

Long story short, I experienced this phase, when the business I developed shot with very high graphics. plus, I get big profit from crypto investment. what you say, happened to me. but I feel more anxiety, and a high sense of fear. I think it's natural, even I don't know in the end I got used to it. so my conclusion, in the process one gets used to it. referring to gambling, this syndrome is rare. but we agree, lottery jackpot winners can experience these things.

I've been there a few times after winning a few good casino promotions that I wasn't expecting to win, and what I did was exchange my winnings for fiat, as I don't have the same itch for spending money when all I have is fiat.

Gamblers need to be aware because even if they're not winning big in casinos, it can still lead them to make poor decisions that they shouldn't have made. They have to find a solution that would keep them grounded because winning can send a gambler's confidence through the roof and that's where the poor decisions could start.

My first time on hearing out this kind of normal emotional reaction or thing which turns out that this would really be that typical on the time that you do able to make some huge profits. Wayback not on gambling but also in investing or futures on which i do make out that huge money on which it is really that true that you would really be mainly be thinking on how you would really be spending up and trying out to make yourself that private as much as possible but i didnt really come into a point on which im already isolating myself with my friends or family. Money is important but not on the sense that i would be making myself like a paranoid.

I should say that this is really a matter of self control since not all would really be that good in terms of sudden burst of emotions specially on having that money. They would really be trying out to be that isolating themselve
which it comes into a point that it is really that affecting everything around which its not really that ideal. This is why it would really be that important that you should really be that having that good control towards
your emotions and towards the mindset that you do really have.

I think it comes natural when you've basically lived your whole life thinking that this is all there is to it, that you'd remain a regular wage employee and you'd have to make ends meet if you want to get the nicer things in life. And then you get hit with the reality of the situation, the desirable reality that all you really need is a good break and you're already set for success. I've felt that too when I got my first massive earning in cryptocurrency. I adjusted quickly but at the same time the identity crisis lingered with me for a good while as I try to make sense of why I think I deserve to earn this much money in a week. It's really common is what I mean to say, it just hits you harder the more money you have looking in front of you.

You would totally find yourself lost in track on what are the things that should supposed to be done or those typical things that you've been doing specially on the time that you do able to experience huge profits or wins then

you would be basically be buying all sorts of things that you do want and would really be having that limitation in hanging out with your friends or would really be that more secretive even with your own family.
The main thing that you would be having in mind is on how to keep those money in safe and would really be away on other peoples awareness specially if this is an amount that you havent experience on holding on your entire life on which you would really be having that kind of boost of emotions that you could buy everything that you do currently have now.  ;D

On the time that you would be experiencing that deplete of money and cant be able to catch up on making it grow or making some profits then this is where you would be starting on panic
because you dont like on getting into the situation on where you are before.This is where new problem would exist or would really happen.

I think I know someone who actually suffered this kind of syndrome when he got some huge money from bounty rewards back in 2018 when altcoins were still fresh. One of my friends who earned a huge amount of money suddenly became distressed. instead of enjoying the rewards he got from his months of work instead, he seems can't find his peace and always getting insomnia even though his funds are already transferred to a trusted local exchange at that time. I can really say that this Syndrome is not to be laughed at because he just came back to his senses after he successfully distributed the money to his family members and bought some things he needed. People that are too scared to touch huge amounts of money are real, and thankfully he was back to normal after that.

It's not just about that really, cause for all we care when we have the money we definitely know how to spend it. But in my personal case the one I got most troubled with is the fear that perhaps I'm not cut for it, and I only got lucky this time so if I fuck up and fail I won't be able to get back up again. Funnily enough this was disproven back in 2020, literally fell and lost everything in 2019, until the bull run came and helped me get back up my feet. In my opinion the stress this induces is what causes you to relish on these thoughts even more, the fear that you might lose your money one day, the fear that your friends are only there cause you can take me to dinners and drinkouts, the fear that your spouse may have been lying to you about her sincerity cause at the end of the day, you had the money already.

I have been thinking for long now on when it's going to be my own turn. I believe tables turn and if I am patient and always putting my effort to do some analysis using my strat, one day I might be fortunate to become a victim of sudden wealth syndrome.

This is going to be a big opportunity for and it might even make me to stay away from gambling for a long time because I wouldn't want to lose part of the money to the casino or company where I got the sudden wealth syndrome. This mostly comes unplanned and with great surprises that often lead to everlasting joy. The probability is very small for any gambler to have this kind of luck.

^I agree it is also important to develop a sustainable financial plan that suits with your values and long-term goals. I think this can help provide a sense of purpose and direction as you manage your wealth responsibly. While Sudden Wealth Syndrome can be a challenging experience, it's heartening to know that with time, self-awareness, and the right support, individuals can find ways to adapt to their new circumstances and thrive both emotionally and financially. Because for me, developing a well-thought-out financial strategy that includes saving, investing, and considering long-term goals can help ensure that any sudden wealth is used wisely and effectively to secure your future.

Yes, people will have anxiety if they plunge into something unexpected like huge money, at first they will be excited, but after that, they will show symptoms of Sudden Wealth Syndrome because they do not know how to act and what to think, they are excited to have all this money and yet they are afraid what people and his relatives will think of them it's a great feeling that you can be financially free but it seems the hardest part is shifting to a new level.
That is why those who won lotteries tend to lose almost everything they have after two or three years because they do not how to adjust and how to use their wealth properly, some of them even regret winning the lottery.

Many people think that the worst symptom of this syndrome is impulsive financial decisions, but there are many people who for fear of not knowing what to do with so much money, end up going the other way... develop symptoms such as anxiety, depression and social isolations. Of course that the first thing that a person needs to do is recognize that have a psychological problem and then seek professional help, as a therapist is the best person to understand emotions and develop an "action plan" to help the person deal with it. this situation.

I also believe that family help is fundamental in this case, but you need to be careful to ask for help from those who can really help you and not attract people who are only interested in your money and who can take advantage of this fragility to deceive or steal you. And after your emotions are "in place", look for other professionals to help you invest your money in healthy sources of income that can make your fortune increase instead of decrease.

I think I'm not really familiar with this. What I'm familiar about based on documentaries and news that I've watched is that many who suddenly become rich are not wise spenders. They give here and there, buy this and that, spend money on worthless things left and right. They become one-day millionaires that many of them ended up spending everything without having started a business or anything that provides them revenue. I think they're not really feeling isolated or guilty that they suddenly earn a huge amount. On the contrary, many of them probably feel that they're now some kind of a boss or a powerful person because of their wealth.

I am not aware of it, but when I make a profit from my investment, I tend to spend more than I used to, which again makes me broke. I'm not really sure if this happened to me, but every time I have a good sum of money, it tends to have a lot of parties that I've been going to, and also a lot of my friends are coming to me and having a good time. That syndrome can somewhat prevent you from spending more, but again, you'll become antisocial, which is sometimes bad.

Only time I felt this was when I feel like I could buy some tiny flat in my household. I felt like "wow I finally made but I should do it quick or I may lose money for no reason". It was mainly anxiety of losing money because I never think I could achieve it 15 years ago so. I feel like gamblers are mainly okay with losing (they lose countless times) but when they win something like 500k usd they would feel really weird im sure. This syndrome could make them have bad decisions. Its best to get professional help after you feel that way.

Sudden changes in a person's financials is never a good thing. A poor person who became rich in a very short time will have difficulties to adapt to the new reality. I think it is probably better to get some professional help in a situation like this so you can prepare yourself for the future. Most people don't do that however. They dive into coke&blow&lambo right away and sadly this is the best way lose their newly found wealth. Some people on the other hand become over-cautious with their money and these people never spend any of it... This is not healthy either. What good is money if you are not right in the head?

I can imagine. If you live in a modest neighbourhood and you win a fortune, what do you do, do you tell everyone? If you do, you're putting yourself on the target of thieves and kidnappers, plus a lot of people will start asking you for money. If you don't and for example you move without telling anyone, you disappear from the neighbourhood and move to a rich area, suddenly you are friendless and you have to try to adapt to the new reality.

That's why I think the best way to get rich is slowly and if you get something, make sure it's a big but not exorbitant amount, although you can't choose about that.

Not the kind of reality, something worse. When money gets into the head of this person, he may start demanding and oppressing people who are less fortunate.

I can compare this to someone I know who after his sister became a lawyer, got friends in the government position and after a short period of time land grabs the farms belonging to their cousins. People suddenly fee like they are above the law when they have money.

I think this is just a human instinct that were carried over from the stone ages. Most people live in a constant state of survival, barely being able to pay all their expenses... then suddenly they get some luck and they are elevated to a stage in their live, where they do not have to worry about those things.

It is just natural for them, after fighting for such a long time to survive... to go into a protective mode. Family and friends suddenly become a threat, because they are seen as being reckless and a threat to the nest egg that secures that elevated level of living.

You should have a ready plan and at least be discreet about it, I'm very discreet when I'm winning, and when making a profit from gambling the fewer people who know about it the less issue you'll have, as long as you have a plan you have to stick to it because those plans were created when you are sober.
It is hard to act and decide when you are excited about your winning, you tend to make bad decisions and those decisions will have an impact on your situation.

well, when people are buying lottery tickets, most of the time they don't have high expectations that they will hit the big jackpot and become rich, so they have no reason to be making some plan with money they don't have. and another very important thing that must be taken into account and that many people who play the lottery are not very rich people, on the contrary they are very poor people and that their day-to-day life is one of survival and not of living, explaining it better, while a rich or middle-class person has money to buy food for 30 days, has money saved to go out for 30 days, has money to pay water and electricity bills and still has money left over in the bank account to pay for health

to buy clothes, very poor people don't have that kind of money, their lives boil down to taking the little money they got today, for example, and buying food just for today and praying that tomorrow they will be able to buy food if they can get money, so they've been living that way for many years, now imagine if the next day they earn millions of dollars, the shape of these people won't change anything, what will only change will be the lifestyle of these people, like for example if one day they had than living with only 3$ then that person would already spend living with much more dollars a day

and that person wouldn't be thinking about things like managing money well to have more money, they wouldn't be thinking about things like saving money, that's not something they would be worried about. all they would think about would be spending money on everything they ever wanted to have, no matter the price. and as they were already poor for many years, they are not afraid of becoming poor again, this is the reason why we see many people who won millions in the lottery and became poor again and at most the money only stayed 5 years for people who earned a lot of money. I myself in my country have seen cases of this type. in my case i never won a lot of money so i won't make any plans with something i never won

Some poor people become rich overnight but fall ill and cannot use their wealth. To respond to it, we must have peace when we get something, in any case, to see what's behind what we get. But getting professional help is possible because they can understand and advise us so we don't get confused when we get something better. And for people who succeed in getting money from the lottery, they really have to be able to use their money well so they can make changes in their lives, and they don't have to buy the lottery again because they already have a better source of income.

There is this article where a past lottery winner in the Philippines was able to win $2,000,000 dollars (which is a life-changing amount in this country) but he unfortunately exhausted everything.

In winning the lottery, it is definitely essential that the winner must manage their finances. Sure, that surge of emotions where you feel like purchasing everything that you were not able to afford before may tempt you but this should not blind your decision-making when it comes to finances.

If you are interested in reading this article, refer to the link below for it!

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Article: https://filipinotimes.net/feature/2018/03/26/pinoy-lotto-winners-end-losing-winnings/

It is a story which keeps repeating itself when comes to lotteries and jackpot winners, unfortunately. There are some who besides getting broke, end up even worse than before winning that amount the money, because they lacked of control and started to consume alcohol, drugs and other expensive good beyond their new budget.
It just take a look to the billionaires and millionaires nowadays, they do not publicize their life in social media, while wasting money in frivolous things, they keep a low profile and have set in their minds what they need and how to reinvest that they got. The difference between the rich and the so called "new rich" is like the day and the night.

Some say those cases are the product of a poor mindset, but I disagree, I would dare to speculate it is a psychological lacking which comes from a hard upbringing. Thanks for the article, by the way.

No idea that it is called of such thing, I only recognized it as greed. Gambling is believed to be a bad thing for the society but why do people still continue engaging into it? Money. The impression of getting rich in an instant is because of money involved. Some are even having thoughts of going all out which is why they tend to be in huge debt. Many rich individuals have gone broke by doing so. Many average people got pulled below. But some wend from lowest to highest and this is what drives most of the gamblers crazy. Many gamblers percieve this industry as an instant or shortcut to being rich. Remember that our intentions affect our actions.Professional help would be the best tool. Unfortunately, not all gamblers in such phase has the courage to do so and some are even doubting their condition. It is all in our minds. The way we see things is what we become. Accept how luck plays in gambling.

That's why there are lots of lottery winners who eventually lost everything. Of course, there are some who used their heads wisely.
But there are horrible stories about them after getting their cash, and spending a lot of partying in the neighborhood and the hood took advantage of them asking for money and the guys are also giving away. They were buying luxury cars and living like a king.

Those who used their brains know their friends wouldn't be there if it weren't for what they could get. They know friends don't last if they don't have money.

Sudden wealth syndrome can be controlled, the first step to doing that is to maintain privacy, there's a level you will get to and win a huge amount of money and then you try to avoid going public with it, the second thing to consider is in the clique we move with, we have to be very careful of friends i gambling, they can lead us astray if we are not careful in whatever thing we are doing while gambling, some people have achieved nothing over years and don't mind you loosing together with them all you had, since they have nothing to miss at the cause, lastly, every opportunity in winning a huge amount of money should be invested and not a time to begin irrelevant celebration to lavish the money with friends, drinks and women.

I think I slightly feel the Sudden Wealth Syndrome when I happen to have a continuous flows of source of funds during the bounty craze.  Since I am not used in having that much amount of money and the place where I am living is somehow not good in terms of environment.  But it got easily disperese when I started to reconnect myself to my classmates and friends since  my thought were occupied by other things.


I think a person must know about this SWS.  Since I already experienced getting  big amount of money, I believe I will be doing good next time.

that's precisely the problem. In most cases, lottery gambling winners, most gamblers do not have a broad intellectual background, although it doesn't have to be specific for each person. Sudden rich syndrome, especially those that occur due to gambling, usually have a different mindset from getting rich quick syndrome through business. because money was obtained by accident, I mean we didn't expect to get the jackpot from the lottery. then the money you get will usually flow faster, which in the end, without realizing it, the winning money has just disappeared.

There are also symptoms of a syndrome that is still related to gambling, that person will increasingly withdraw from the outside environment and will even avoid meeting if it is not needed. effects like this, usually experience excessive anxiety if in fact he will be used by his friends. there are also those who think, they are afraid of being robbed by someone. syndrome like this, has cases that vary depending on how the character of the person himself.
there's also like you said, usually someone who wins the lottery jackpot will celebrate it with his friends, whether it's drinks, women, and all kinds of things. instead of investing, their mindset usually does not lead to such things. however, not all of them are as I said, maybe only a handful of people are able to think sanely, then think about their future whether it's investing or developing their talents and doing business.

Not at all because from the very start, each money that I earn and hold I'm spending it carefully. Thanks to the past experiences that I've been with when I mishandled my finances.

They have to whether you're thinking of winning big someday and not just in gambling, with the way a person handles money like an ordinary person and employee, they need to understand and be aware of this attitude.

Yup, I'll scatter it in many investments and will add some of it to my savings.

This is very interesting. Thank you for posting. I’ve never heard of sudden wealth syndrome before so I find it fascinating. I’m not one for labeling everything a syndrome or making assumptions about why people’s behavior changes on a large scale, but it is fascinating to read about how money can negatively effect certain individuals.

I have my doubts of whether or not Sudden Wealth Syndrome actually exists or whether it is just a thinly veiled excuse for people who make bad financial decisions. I mean, if you win 1 million usd, are you going to spend it all on partying or will you invest that into different investments? The answer should be clear to anyone with a clear mind. Of course there do exist some people who rather than saving or investing the money would rather give it all away. And that is fine as well, as long as they do not complain later. Some people do not care about being rich or having money.

But those kind of people are very rare.

I'm familiar with the idea -- didn't realize it was referred as a particular syndrome. Acclimating with a different wealth status includes a range of physiological stressors. It can apply in the reversal direction too -- sudden wealth loss would be accompanied with similar stressors presumably to a worse degree. It's not something most people need to worry about -- having a large increase in wealth that's attributable to a lottery or large market win is extremely rare. The gradual build up of wealth is what 99.9% of people experience.

I have also experienced this in the past as well, and I also experienced it in the days of bounty hunting, I remember 2017, then I was working in a polyethylene company and was earning around $40 to $45 a month, I was also actively participating in bounty hunting on this forum,  luckily for me, I joined a bounty where at the end of the campaign, every one of us was paid coins worth about $5000, I sold my coins and had $4872 dollars, it was the first time ever I had or have had such an amount of money,  I converted that money to my local currency and withdraw to my bank account, it was a lot.

First, I stopped going to work, I tendered my resignation letter about two weeks after.
Secondly, I could not eat well, for like a week or more, I lost appetite for food, all I was just taking were junk foods, mostly soft drinks and snacks, I had no appetite to eat any proper and well prepared food, but in all of this though, I was really happy like each time I see my account balance.
Third, I stopped visiting friends, or hanging out, and I also hardly take calls, since I was seriously avoiding questions like "where are you, are you at home, we not seen you at work, hope all is well" bla bla bla and so on.
After about a month, I decided to learn a business, my supposed boss said the business will take me six month to learn, I agreed and paid for the six months, but after attending for 3 weeks, I lost patients, I felt like I was wasting my time there, I proceeded to start the business with the knowledge I gather in the three weeks I attend the business lesson, needless say this was where my fall began, I don't wanna share the concluding part cus its not too nice.

Yeah, people who have a chance to hit it big someday deserve to know or be aware of sudden wealth syndrome, maybe this knowledge will help them put themselves under serious check whenever the wealth comes, this is something that if I had known, I probably wouldn't have made the mistakes I made.

And yeah, I've learnt and right now, I have over come SWS, no matter the kind of money that enters into my hands right now, whether it be a billion dollars, I already have things planned out, and what I will do with that money is already in the plan.

Sudden Wealth Syndrome SWS anxiety has killed a lot of people that I have heard. There were some gambling that won a big amount of boy and because the over excitement BP rise up and killed them. And I also heard a local chief in my clan. A state Governor game him $7,000 and immediately he saw the money and he fainted and died. Those who have not seen such huge amount of always display different kind of drama.

There's also a story like this in my neighborhood, because of so much excitement he experienced severe stroke though he's still doing good right now and slowly recovering. The reaction is normal though after winning the jackpot or huge amount of money, and it will always depend on how you handle the situation and with this you should focus more on your mind over matter. You have to be healthy as well if you're into gambling, don't let your body becomes weak or else your emotion can take over you instantly.

There is a good chance that the character of the individual will change into someone nasty or full of himself when the sense of sudden wealth syndrome strikes someone who is unprepared for it. He will tend to act disrespectfully due to sudden wealth that has come his way unexpectedly. If care and direction are not taken, he will misuse the sudden wealth.

This is why having a financial mentor is important. A financial mentor will teach you how to control your emotions and resources in case you suddenly come into a lot of money. You will be able to use the funds wisely so that you won't get a lavish lifestyle that won't yield success in your lifespan.

Being healthy doesn’t mean you are safe from this Syndrome since winning big doesn’t happen all the time. Yes this is normal scenario to be more happy, increase on your adrenaline because of too much excitement, some are able to control this while some are also suffering from a serious condition. I even experience this when I won in art contest before and seriously, I didn’t know what to do but meditation helps me to focus on the real situation and stop overthinking, I think this can be a big help if you are on this kind of situation.

According to research "Sudden Wealth Syndrome" kills more faster than poverty. When someone has not seen big amount of money in his life and suddenly see it, eh, the person will have HBP and he will have sleepless nights. That is how the world is and you don't have to blame them because it is cause by poverty and the rich are very happy when such thing they are happy.

Well this is something that I did not know had that definition, but in truth I have experienced that, but not me, because I have never had the Opportunity to have Large sums of money , but a Couple of friends from the university, because they If they discovered all of this before I did , it's just that they didn't share it until much later, which Surprised me a lot, because when I discovered something that was for their good, I gave it to them, and I like that because I like that everyone They are doing well, but when they Started they made between $1M, I had no idea, when they told me that I did not manage to do much, if I made $2k it was a lot, even so when they did Everything , they had that attitude, of isolated, of acting strange.

I Called them on the phone and they didn't tell me, neither did the messages, nor through the social networks, I thought they had gotten Angry with me, I didn't know the reason, but since that's how people are, well, one doesn't think anymore things, However, the only way I could contact them is because I found one and asked him and what when he gave me information, from then on was when I told myself that I had to learn, that's when I started Reading books because in Itnernet had all kinds of information and it is something that I did not trust, there were many Scammers, and well, in these things that have to do with investment, with trading, with projects, with Trading, you have to be very careful.

After I learned a lot of things, especially from trading, I told them not to Invest in an Altcoin because they had a lot of Faith in it, and they didn't listen to me, they told me that they knew more than me, that they knew what they were Doing , and so did I. I told them my reasons but it wasn't enough for them, they didn't listen to me, they both put all their money and ended up losing everything, that was the moment bitcoin fell from $190k to almost $10k, after that Bitcoin kept falling and obviously the alt kept falling too, so Sometimes that kind of Behavior is not good, because it makes you very Stubborn.

You would really be having that kind of advance approach which i would say that it would really be normal and it is really just that right that there are some actions that would really be correlating out basing up on what

do you think which i can say that it isnt really that bad idea after all.It is really just it turns out that you have done something wrong or really just that severe or too much on that kind of situation. Having those fears and
anxiety about the probabilities of things on which its really that possible but thinking up advanced too much wont really give out that kind of peacefulness deep inside. You would rather be making lots of mistakes on this matter instead on doing the right thing.For a human being when we do able to experience sudden wins and its the first time you do able to held up such amount then you would really be having that kind of thinking that
you should really be isolating yourself into things which could really be able to put you on such situation on which you are really that doubting.

First time I heard about this type of illness so thank you OP for sharing it. I didn't even know that it existed.
Also, I appreciate the sharing of your experience into why you have come up with this idea and I think we had the same experience. Very same.
Bounties too in ICO days. It's like a lottery for me, actually better, I did not even buy a ticket, I just used a little time and effort at wearing their signature, helping them boost their sales on social media, advertising it thru other ways, etc...
And then they paid up, tried to calculate how much was it, asked my wife if I am seeing the right numbers, and confirmed it is real.  :D
After I withdraw it to hard cash, I did not even know what to do but I was thankful I have my wife by my side to support me and be careful about what I will do.
We should not be alone when we receive sudden money, someone we wholly trust must be on our side to help us decide on these things.
It went well and now we have a fully furnished house. Although we are still paying for the mortgage, it's fine as long as we can live under one roof securely.

You can’t blame them. I would probably feel the same, or at least can’t contain my excitement since I get that huge amount of money. A lot of people wouldn’t feel chill after solving all of their financial problems in a wink of an eye. A stroke, though, is something that is on the extreme side of things that I think (thankfully) wouldn’t happen to me. Unfortunately, it happens, because sudden success isn’t all too common anywhere.

that would only happen, having a stroke, if you are also not healthy. the excitement and adrenaline rush will always be there. but after calming yourself, better lay out your plans how to spend it wisely. because some of these winners can easily go broke after months of spending their winnings, because they forgot to set aside for other investments. no matter how much you won, if you don't know how to handle your finances, you will always go back to square one.

Keeping the winnings secret can't lessen the SWS IMO, the best move I think is to seek out financial advisors.  Since we are not familiar in financial management, it is not bad to look for advice on things we are not familiar with.  We don't have to expose that we won a huge amount of money, since we have the right to keep our financial status secret, but getting advises, and knowledge about financial literacy often saves us on this kind of syndrome by knowing what to do next.

I also agree that we should not live our lives in a luxurious life, boasting about our financial capability, it is always best to have a low profile, this will save us from lots of dangers and headaches.

It depends on how a person can think of what he can do with that much money. If he is not ready with that much money, he will not be able to use it properly and tends to spend it without thinking about preparing for his future.

No, it's not greed because we don't think about getting more money but it's like we are confused about what to do with that much money. We can't see what is and isn't necessary, so we tend to want to fulfill our desires at that time and feel that with that money, we look "more" than the people around us. That's why we should think about preparing for a better future while we have a lot of money and we should be able to prepare better.

The finance person is the go-to-guy in this case. Not you friends, not your family and certainly not the club. And not just any finance person but a seasoned finance guru with an excellent track record of proven results. Any one who makes this mistake would regret it for the rest of their lives because money like this comes once in a lifetime, and the assignment is to multiply it. This doesn't just happen to gamblers alone it happens to college sportsmen who immediately sign for their first club first club straight of out college or high school. Musicians, reality TV stars, Movies actors and actresses all experience this too.

Do the symptoms of the syndrome also include spending recklessly? Because I've seen a lot of people wasting a very large chunk of money on things that are materialistic and that they don't even need or use, they spend money on them only because they want to impress other people with the wealth that they've recently got. This is one of the most evident things that can be found in people that go from 0 to 100 in a matter of seconds either through gambling, a lottery, or some magical investment.

I personally don't think that I will do any of that because I already have everything planned for when I might get a lot of wealth all of a sudden, so I'm pretty sure that I will be happy, of course, but I wouldn't have any of those symptoms that you've mentioned about Sudden Wealth Syndrome.

^^
So from the sounds of it you have a plan set out if this ever happened to you.
Most don't even think of it since they think they are not lucky enough, but one never knows when lady luck comes. They are not prepared and are punished for it.

Can see this occurring to those who are least expecting it. They of course are caught off guard, do not know what to do in this situation and eventually panic.
Having good money management skills when and if this happens is your best defense against such a syndrome.

Some lotteries offer this to their winners but the problem is its hard to absorb this when you already won a jackpot you forget everything, and all you can think of are what you want to buy, the only people who can escape from this sudden wealth syndrome are winners who have already established the habit, not the people that will just learn it after winning.

These lottery winners have a sudden change of mindset, habits, and attitude they think they become perfect and discriminate against people, There is a saying that absolute power corrupts absolutely I believe this is so true in winning a lottery too.

Making a habit to buy luxury brands and other luxury things that aren't really needed is just a plain symptom of SWS and yes, you're just getting yourself in a dangerous situation as you will be targeted by someone who wanted something from you. I know that they deserve to buy things on their own preference because they now have the power to buy things on their own accord because they are already wealthy, but these things can wait because they don't have any knowledge yet how to maintain their status.

Hiring a financial advisor would be the best and safest move while you yourself is learning on the sidelines how to handle things because these hiring these types of people is not cheap that is why you should be on your best version to get things in control.

Those luxury brand items I think will still be helpful to him when one day he gets bankrupt. High-value watches are still easy to sell while there are lots of Kevin O'Leary-like people in this world. Guns, jewelry, or branded watches are probably one of the pieces of advice that a financial advisor will give.

Still, these are things that can get attention from friends or neighbors who are watching closely. When you suddenly get rich, it's those people close to you that you need to watch out for.

I do not think that it makes sense to lose value though. I mean let's assume that you buy a 50k dollar worth watch, and then you go bankrupt, and you want to sell that watch in order to pay some stuff and get back on your feet, you will not be able to sell it back for 50k, and you will take a cut because of it as well, lets assume you sold it at 40k (which is still high, you will sell it for less) then you will be making a 10k loss.

If you ever get rich, the smarter way would be putting 25% in gold, 25% in government bonds, and 50% in bitcoin. That is what I would do, right now I am 100% in crypto, do not even have gold or bonds, but if I ever reached to a super high level then I would definitely get some gold without a doubt.

Sudden wealth syndrome? I've never made any high amount of money that I wasn't expecting, my hard working deserves everything that I have made, maybe that's the difference? Maybe while you work you make money that you aren't even expecting? Most of the money I ever made are through hard working, I've never feel like oh I made this money the easy way, and that's why, till today almost all the money I make goes straight into investments, I am pretty much focused on spending a very small amount of money and investing all the rest, I believe this is the only way to be prepared for a big change in life someday, you can't just be hopeful without taking any steps.

I agree with putting the money we have in gold, government bonds and the rest in bitcoin because then, we are already protecting the value of our money and want to see our investment grow in the future. And that is better than spending money buying luxury items that we don't have. It is a meaningless waste. For this reason, we must be able to be wise when we manage to get a big win from gambling and immediately plan what we will run. From the winning money, we should grow it even more because we already have more capital and can explore many things that can support us in increasing the amount of money we have.

And hiring a financial advisor can be a solution for us to have a better financial plan, and we can also use the winning money well. We can also manage the money according to the plans made and can prepare our future and our families so that it can be even better.

What's more ironic is that this usually happens to those who don't know what money management is, as you said, they might have never expected something like this to happen to them so they don't know how they should react and what they should do for suddenly going from poor to rich and having tons of money when they didn't have money to eat food a couple of days ago, and this usually becomes the reason for this SWS thing among people.

Destiny plays a lot of dirty games, you know. You will often see people getting things that they don't deserve because they don't even know the proper way of using those things while someone who knows all the ways and has all the skills will never get the opportunity and the privilege to use that thing.

I like the idea but will this not make us spend more by hiring a financial advisor? I mean, I know they are good but aren't they also expensive? I have not tried seeking advice in this kind of way and I have never known anyone who is in that field so I don't really have a clue about what they do and how much they are charging people.
I do have a bad way of being like a one-time big-time spender whenever I feel like there's a big spare of money in my wallet. But I do use it for the good of my family and not for any hobby, bad habit, or selfish desires. Still, there must be a way to lessen that but in my head, I always think that financial advisors are just for the rich which I think is too much of a pessimistic point of view.

Getting a financial advisor isn't cheap because their job is not that easy either and that is why when making a move like this, we should make sure that it's only a temporary situation so that in the long run, we will see our gains instead of only thinking about the funds we're paying for them instead of seeing it as a profit. It will be waste if we're hiring them as long as we're living in this world because we're not on of those billionaire tycoons that are gaining millions even while they are sleeping and isn't that bothered about the fees they are paying for their advisors.

For people who lack of education and they would not trust others to manage their money. Even though this will be really helpful for the winner of lottery but i rarely saw that happened. Mostly winners are thinking if they can use money used to pay the financial advisor rather than try to pay for others to work for them. I just say this based on the fact. It's caused by people can't really trust others, even financial advisor itself. That's why education is very important.
Money management is very important to prevent the sudden wealth syndrome. I read so many news said that the winners of lottery become poor acaused by they were unable using their money properly and lack of plan.
It's hard to imagine the winner will able to trust the financial advisor.

I haven't experienced such feeling and I feel that's as a result of how I already have plans on ground on how to delineate any amount of money that should ever come my way into different areas of my life.  With an already existing plan in place the sws won't have a thing on you as you would instead be preoccupied on how to execute those plans with the arrival of such huge amount. So putting plans in place before such huge money, is a  bit of a step in fighting sws.

In one of my leisure time I watched a short clip video about a poor man that was gifted a bag of money (just like that) containing millions in their currency.  Throughout the night of that very day this man couldn't find sleep, feeling uncomfortable he stayed awake all night, and the next money he had to return the money back to  the man who gifted him, saying the money has taken away his sleep and comfort. So a day after returning the money this poor man died.
Now that's exactly what SWS can cause to an individual or a gambler.


Yes, it's important they get awareness about such kind of syndrome so don't don't be taken aback should their star shine on them.
I already have plans waiting for such chance, what am waiting for is the big amount to arrive. ;D

Getting a financial advisor is really wasting money because they only talk about money management, investment (low, middle, high risk), and how to invest. They might not completely understand about each investment they offer, Bitcoin can be an example. They know the definition, how to use it and how to use an exchange, but they don't know with non custodial wallet, verify signature etc.

It's mean you're either need to learn by yourself or hiring a consultant that completely understand with Bitcoin.

It is true that buying luxury goods will actually drain more of the finances we have because we have to pay taxes that are so high and maintenance costs are so expensive.

And I agree, by saving the profits earned from gambling wins in the form of bonds, gold, bitcoin or other long-term investments. This can prevent us from spending the money back on gambling. And the money we save will be stored neatly.

But for me personally, instead of having to hire a financial advisor, I prefer to talk to my wife because she knows what is most important that must come first to meet needs and improve the family's economy.

That is definitely true, there is really no reason to do that when you do not have enough money. Plus that is a professional business that a lot of fake ones try to copy in order to make money. You can see that there are a lot of people who are acting as if they are good enough to be your financial advisor and you are going to realize that they are nowhere near that level and the results will not be good at all, you should avoid those people as much as you possibly could. There is no way that you could make money that way and you should avoid it.

The possibility of spending your money all of a sudden is a stupid one, if you are a person like that then you will lose all your money anyway, just save it and put it on interest and live off interest, as simple as that if you do not know what else to do.

On the time that you would really be on a situation on which you have won something big whether on a lottery or some casino jackpot then you would be mainly be thinking on buying things that you do really want to buy
or specifically talking about wants and this is something a very common human being reaction or behavior because we would really be thinking that it is really just that a gambling profit or winning which you wont really be thinking about building some investment or having some businesses which it would really be that worth on doing so in speaking for long term runs but since you do think that it is really an amount do came in the wind
then spending would really be that so easy.

Later on you would really be finding out that the amount you have won is slowly decreasing until you have realized that you had spend it all, this is where usually regrets do comes next which is really that a very common
scenario for those who are really that not wise on spending their finances even if we do say that this one came from gambling but in overall it is really just that the same. People does have that different
tolerance on everything that they are dealing with.

But the lottery winners will use their money for their life needs first and save some money for the future and may also continue to buy lottery tickets because they still want to get another win from the lottery. That is normal because humans are never satisfied. Even after getting a big win, they still want to get another big win. But it may be true that they don't trust anyone else to look after their finances, so they do it themselves and hope to put their money to good use.

But it's a shame if they can't use their winning money properly and only use it to fulfill their desires to buy unnecessary items and follow existing trends. They will not be able to change their life for the better because of mistakes in allocating their money so that there is no significant change in their life. And even they still want to buy another lottery ticket so they can win again one day. It has happened to many lottery winners.

By allocating winning money to places that give us the opportunity to be able to get profits in the future, we can also increase the amount of money we can sell at the highest price to invest in bitcoin. That would be better for lottery winners to do because they don't use their winnings to buy luxury items that require expensive maintenance.

Talking with family is highly recommended because we need to arrange finances for the family and what we have to prepare for the short, medium, and long term so we know how much money is required. It may be difficult, but at least we have prepared some money for every plan we make, and we can also have savings for our future in addition to having investments for the short, medium, and long term. And it will make changes in our family's life for the better, especially if we can use the winning money well.

Bitcoin isn't the only investment that is profitable because there are others as well out there who can also gives us the profit we wanted, it's the same, we just have to have that kind of capital to start it up. And it's not a total waste of money specially if you don't know how to handle your money as there is a huge chance that you will just go back from your original situation if you aren't smart enough to invest on such person and businesses.

These financial advisors or by your words consultant have a knowledge that will really help the client's situation because they don't want to lose any client either as that's one of their main source of income. If bitcoin is your only concern about the investments, I'm afraid for you.

Why would it be a waste of money if you are also benefitting from the situation? The main reason why you are going to hire them in the first place is to get your financials straight as an arrow and help you to maintain what you have without losing it in just a few years, they will offer you some of the investments that they think can be benefit you because that what they do but it will all fall under your confirmation if you find that suggestion suitable for you.


Well, if you already understand how bitcoin works and how to take advantage of it then surely there is no need for you to hire an advisor. But since we're talking about the majority here, it's safe to assume that they don't know how it works or how to start a business.

When you get rich, finding ways to "not spend" your money would be the worst idea ever. Remember, when you have 40k dollar debt to a bank, that's your problem, when you have 40 million dollar debt to a bank, that's the banks problem. No rich person would just put their money in interest, they constantly use it and be in negative. That is the true approach to it, always be in debt when you are rich.

Because if you have lets say 50 million dollars, that means you could invest as much as 150-200 million dollars into a business, and the return will be accordingly. Let me give you an example, a wind turbine costs less than a million dollars, but between shipping and all, lets call it 1 million dollars each. With 50 million, you could get 50 of them, but with 150 million, you get 150 of them, difference is, it makes about 80 to 200k depending on where you are per turbine. Would you go into debt to make about 8 to 20 million per year?

Depends on a certain rich person since not all would really be doing the same thing in terms on getting some loan or debt. Some might really be having that kind of spending on something but most of them would definitely

be having debt but being used on business matters or something that would generate them some income. The funds or money that being used on gambling would be particularly into those money that they had generated out of those businesses or investments which i could say that this is really that a very common concept or scenario.In speaking about those sudden wealth or to those people who had experienced that huge amount of money
on an instant then i wont really be that surprised that some of them or definitely most of them would really be spending up most of those funds on which this is something not that new.
Financial management is something that would really be a main issue for most people specially to those who are on mid-level to low-level status kind of life in terms of financial.
They would really be lacking something like this.

When you become rich but still have debt, it's not rich because you still have to pay off that debt. You are rich if you don't have any debt, even though your wealth is not more valuable than your friends because you can still save to save your money. While your friends still have to pay their debts, so they can't save.

Rich people can allocate their money for many things, especially in terms of investment, so that their wealth can increase and they don't have any debt. So their wealth will continue to grow even if they spend a lot of money on shopping; their wealth will continue to grow from other sources of income.

So the sudden rich syndrome can hit everyone, especially people who can win lottery prizes. But most of the newly rich couldn't allocate their winnings because they weren't sure what to do with so much.

It all started from influencing and musicians are the number 1 most influencial people that afflict this behaviour into the youth, where you see them in club spending hundreds and thousands for drinks and money, when the fans have a big lottery from casino, nothing other than expensive lifes style is the first thing that comes into their mind, drive expensive cars and go to club, they don't think for one minute, its all about impressing the next person that they are above them which is bad.

It's very easy for you to say you will not do that when you have the opportunity but let me tell you, money has the power to change people, it bring out the real person you are and if you are not well brought up, I mean well descipline, it wil take a second to go down in that channel to start living an expensive lifestyle of VIP treatment without feeling any remorse of living and extravagant life.

The gambler get the winning and became a rich by the winning money,but the money he had bet and deposit in the gambling by getting debt should be settle by the gamblers after get the lucky win.When the money is get as debt by the agent or with your friends,they will come to know your winning as soon as you win.You should settle the money and use the balance money on shopping which you long waited for the elite life.But some people will use the money to start the business to make sure the regular income from the business.Which is most essential one for the person to run the peaceful life.