Receiving your money incrementally is something that would be recommended by financial advisors and it is the safest way to enjoy your cash. Compensation is often born out of a tragic event or damage to your property and therefore people are looking towards more fun ways to spend the cash.
If you are limited by incremental payment then realistically, you can only spend the additional money each month as opposed to splashing out on one major thing.
To many reading this article, it will seem as though I am advocating rashness and lavish spending but that is not the case.
I am merely suggesting that you should look towards spending the cash in a way that enriches your life. Ensure all debts are paid first and then look to embrace some of the wonderful things the planet has to offer.
We live in a world that is dominated by the term “economic instability” and it is very true of our time. People don’t ever seem to be stable and receiving that extra bit of money each month can save a lot of worry but for many having access to the full amount at once can enable that to happen too.
There is absolutely nothing wrong with a little financial stability and a structured settlement certainly gives you that. For the people out there who earn a tidy way, it won’t really make a difference but for those on a slight wage, all the difference will be made. Even so, there are many people who would instantly trade stability for access to the full or partial sum of cash.
At the end of the day, compensation is money that you haven’t worked for and it is often awarded due to some form of hardship or ailment, so why not enjoy it? There are many people reading this who will think they are great and there are others who will think they are terrible and totally restrictive, it is just down to personal preference, and there really is no right or wrong answer.
We live in a world in which people are often struggling for cash and having the option to sell structured settlements for cash would be greatly appealing.
There is an element of restriction with a. incremental payment plan and that is plain for anyone to see. If you receive the total amount over 10 years say, compared to having access to the total amount, your life will almost certainly take a different course.
It is just the way things work,
circumstances change and the way you engage with the cash will also change.
Once in a Lifetime
Having access to a large amount of money in the form of a lump sum can really give you the chance to do those things in life that you have always wanted to do.
Too many of us are restricted and are victims to circumstance, break that mould and get out and explore the world. We get old too quickly and before you know it you will be married with children and stuck.