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Many people dream of winning the lottery or striking it rich, but in reality, 70 percent of people who become instantly wealthy squander their money away within a few years.

Nadine grew up poor in Greenwich, Connecticut. At the age of 19, she packed her bags and moved to New York City to pursue her dream of becoming a fashion designer. Nadine started by selling scarves at street fairs and flea markets, and within a few months, she had accumulated more than $60,000 in cash.

This small-town girl's dreams started to become more of a reality after she got married and opened Yoshi, a trendy clothing boutique in New York's SoHo neighborhood.

Within six months, Yoshi was becoming one of the hippest stores in the city and had become quite profitable. Their first year of sales topped $1.2 million, and during their best year, Nadine says they made $2.2 million. "It was amazing how much cash was coming in and also how fast we were spending it," Nadine says.

Nadine and her husband started hanging out with an elite crowd. She says they took extravagant vacations, even paying $500,000 in cash for a new condo, and spending about $1,000 a week in New York's finest restaurants. "I felt like I had arrived," Nadine says. "At the time, it was my dream life."
FROM: Are You Ready for a Windfall?
Published on December 01, 2006


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