The Ramsey Solutions National Study of Millionaires reveals that building wealth is a slow process involving consistent investment and debt avoidance. Quick riches should be managed wisely to avoid loss.

To protect your newfound wealth, it’s smart to keep it private to avoid pressure from others or theft. Working with a trusted financial advisor is crucial to prevent risky decisions.

After receiving a windfall, consider placing it in a high-yield savings account for a temporary safe haven. Be aware of taxes and set aside the amount owed to avoid overspending.

If you suddenly become rich, continue working while making plans. Avoid risky investments and focus on contributing to retirement accounts and real estate purchases.

Estate planning is essential, as only 45% of Americans have made plans. Consider setting up a trust to ensure your assets are managed responsibly. Giving back is important, with a suggested minimum of 10% for the average person.

Avoid lending money to friends and family to prevent awkward situations. Enjoy your wealth responsibly without falling into lifestyle creep that could lead to financial struggles.

Read more at Yahoo Finance: Take These 15 Steps If You Get Rich Quick