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GOBankingRates
GOBankingRates
Vance Cariaga

4 Investing Mistakes the Newly Wealthy Make With Their Money

kate_sept2004 / Getty Images

Amassing wealth isn’t supposed to be easy, but a lot of Americans sure are good at it. In fact, last year the United States added 379,000 new millionaires to the ranks according to a report from UBS. That adds up to more than 1,000 a day.

The next challenge for all these newly minted millionaires is growing and protecting their wealth, so they never have to worry about losing it. Unfortunately, plenty of rich people lose their fortunes or prevent them from growing because of unwise financial and investment decisions. 

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