Greeting to you all. I seek financial advice from you guys. My uncle who happens to be a contractor has been winning several contracts, but when the money comes all his plan becomes void simply because he I'll end up going to parties, drinking, womanizing and living a luxirious lifestyle. Although he is married and had kids but his youthful exhubirant has not yet left him even as his married and it's causing alot of problem in his family. When he has no money he thinks straight but when money comes he becomes unpredictable. He has really sufferd before he had this last chance he made over $5000 now he is seeking for financial advice, so I decided to bring up to this humble room to hear from you guys.
So what do you guys think he would do with such money to financially stabilize without going back to zero point?
I draw conclusions from your story, your uncle's lifestyle is very bad. because he already has a wife and children, your uncle should be aware that if he does this it will hurt his wife and children. Your uncle still can't control himself that he is old enough and already has a family. It is true that at times like this, financial advice is really needed for your uncle who still likes to spend money, but the first step that needs to be advised to your uncle first is to change this unhealthy lifestyle.
Because financial advice alone will not have any effect if it is not accompanied by new lifestyle changes from your uncle. With income of that amount, you need to be able to plan your finances in the future so that your uncle can retire early and enjoy the results in his old age with his investments.