Money isn’t always the answer to life’s problems. Sure, it can ease some worries and give you the freedom to enjoy the finer things in life, but sudden windfalls have often spelled disaster for the recipient.
One of the main reasons for this is lack of financial planning and foolish spending habits. Suddenly coming into more money than you have ever had, can lead to a false impression that you have more than you actually do. You might think you could never possibly burn through £1 million, but buying a home, car and frivolous possessions as well as luxuries you wouldn’t normally even look at, can have you broke before you know it.
Here, we take a look at some of those who made those mistakes and literally, paid the price.
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