The $27 Mistake That Bankrupts Millionaires

This source explores why **70% of people who experience sudden wealth**, such as lottery winners or heirs, lose their fortune within just a few years. It identifies the **"windfall effect,"** a psychological phenomenon where money received quickly feels less "real" and is spent more carelessly than money earned slowly over time. The content details how both large purchases (houses, boats) and the cumulative impact of small, **daily impulse buys—the "\$27 mistake"**—can drain even a multi-million dollar account. Finally, it reveals the primary strategy for preserving wealth: **slowing down the speed of money** by waiting and placing funds in slow-to-access accounts before making any major financial decisions.