Understanding Sudden Wealth Syndrome: Managing Unexpected Financial Windfalls

In this episode of 'The Ascent with Crestmont Private Wealth,' Alec Walker, EVP of Financial Planning, and CEO Sam McGee discuss the psychological and emotional challenges of Sudden Wealth Syndrome. They explore how unexpected financial windfalls, such as inheritances, lottery wins, or large contracts, can lead to stress, guilt, anxiety, and impulsive spending. The discussion also highlights the importance of financial literacy, planning, and surrounding oneself with a trusted advisory team to effectively manage new-found wealth.

Original Air Date: May 17, 2025 as heard on Boerne Radio 103.9FM

Contact: https://crestmontpw.com

Houston Office: 832-280-5288 / Boerne Office: 830-369-2898

• 00:00 Introduction to the Ascent Podcast
• 00:21 Understanding Sudden Wealth Syndrome
• 01:26 Psychological and Emotional Effects
• 01:53 Examples and Real-Life Scenarios
• 05:25 Causes and Contributing Factors
• 07:19 Navigating Sudden Wealth
• 09:29 Planning for Inheritance and Wealth Transfer
• 11:49 Crestmont's Family Billing Structure
• 13:10 Conclusion and Contact Information

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Join Sam McGee of Crestmont Private Wealth as he interviews Garrett Daley, owner of American Petroleum. Garrett shares his journey from working at Valero to starting his own fuel distribution company in Boerne, Texas.

Learn about the challenges, highs, and lows of entrepreneurship, the critical nature of fuel distribution, and valuable advice for aspiring entrepreneurs.

A must-listen for anyone interested in the energy industry or contemplating starting their own business.

Original Air Date: May 10, 2025 as heard on Boerne Radio 103.9FM

• 00:00 Introduction and Welcome
• 00:43 Meet Garrett Daley
• 01:21 Garrett's Background and Career Journey
• 02:28 Starting American Petroleum
• 03:59 Challenges and Success Stories
• 08:23 The Importance of Fuel Distribution
• 11:04 Advice for Aspiring Entrepreneurs
• 12:23 Conclusion and Farewell

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Join Sam McGee, CEO of Crestmont Private Wealth, as he sits down with Patrick Cahoon, a respected lawyer, volunteer firefighter, and president of the Boerne Volunteer Fire Department. In this episode of 'The Ascent,' Sam and Patrick discuss the importance of legal counsel for business owners and high-net-worth families, focusing on litigation, risk mitigation, and building strong professional relationships. Gain insights into handling lawsuits, planning for business longevity, and the significance of solid professional networks. Patrick also shares his personal journey to Boerne, Texas, emphasizing community involvement and family values. Don't miss this informative and engaging conversation tailored for business owners and professionals alike.

Visit CrestmontPW.com for more details.

Host: Sam McGee

Contact: 830-368-2898 / www.crestmontpw.com / 604 S. Main St. Boerne TX 78006

Air Date: May 3rd 2025 as heard on Boerne Radio 103.9FM.

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