What To Do When You Suddenly Have Money: Inheritance, Bonuses & Windfalls Explained

What should you actually do when a lump sum of money lands in your lap and how do you make sure you don't waste the opportunity?

Molly sits down with financial advisor Lauren Isles to break down everything Australian women need to know about handling an inheritance, bonus, or financial windfall. No guilt, no jargon, no complicated finance-speak, just clear, practical advice for women who want to make the most of money they weren't necessarily expecting.

Whether you've been sitting on a lump sum and doing nothing with it, feeling overwhelmed about where to even start, or carrying some complicated emotions around an inheritance, this episode is for you.

In this episode, you'll learn:

• Why pressing pause before you do anything is the most important first step
• How to work through the guilt and emotional weight that often comes with an inheritance
• Whether you should pay down debt, invest, or boost your super and how to decide
• The super catch-up rules that could let you put a large amount into super at once
• What tax you actually pay on an inheritance in Australia (the answer might surprise you)
• The biggest mistakes people make when they receive a windfall and how to avoid them
• How to build an investment strategy around money you never planned for
• When to see a financial advisor versus a money mindset coach

Perfect for: Australian women who have recently received an inheritance, are expecting one, or have come into any kind of unexpected money and want to make it work as hard as possible for their future.

The biggest takeaway from this episode? A lump sum of money is one of the greatest opportunities you'll ever have to change your financial future but only if you actually do something with it. 🎧

Connect with Lauren Isles here - https://directory.ladiesfinanceclub.com/listing/lauren-isles/

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The advice shared by Ladies Finance Club is general in nature and does not consider your individual circumstances. Our content is for educational purposes only and should not be relied upon to make financial decisions. If you are considering purchasing a financial product, read the PDS and TMD and seek financial advice tailored to your personal needs. Molly Benjamin and Ladies Finance Club Pty Ltd are authorised representatives of Wattle Partners Pty Ltd, AFSL 383169.

Ladies Finance Club acknowledges the Traditional Owners of the Land on which this podcast was recorded, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples.

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