The Five Challenges for Wealth Inheritors to Develop a Positive Wealth Identity

The Five Challenges for Wealth Inheritors to Develop a Positive Wealth Identity

Inheriting wealth is supposed to be a wonderful and stress-free life opportunity. However, as financial professionals, we experience many short-sighted or self-defeating ways that our clients who have or expect to inherit substantial wealth respond to their fortunes.

The Money Identity and Preferences Inventory: A Tool for Assessing a Client’s Relationship to Wealth

The Money Identity and Preferences Inventory: A Tool for Assessing a Client’s Relationship to Wealth

Stephen Goldbart, Dennis Jaffe and Joan DiFuria introduce the Money Identity and Preferences Inventory and explain how this tool can assist your clients who have inherited or expect to inherit significant resources in understanding how money may be affecting their lives.

From Entitlement to Stewardship: How a Prosperous Family Can Prepare the Next Generation

From Entitlement to Stewardship: How a Prosperous Family Can Prepare the Next Generation

Each generation wants the next one to develop a healthy relationship to money, where it can be appreciated but not depended upon for self-worth. While parents want to develop responsible and caring children, the actions they take to make that happen may be irrelevant or actually produce the opposite result.

Riding the Shirtsleeves: Deconstructing a Foundational Family Business Myth

Riding the Shirtsleeves: Deconstructing a Foundational Family Business Myth

“Shirtsleeves” refers to a very real danger. But by starting with scare tactics, what sort of responses do we trigger in family leaders? The myth proposes that family fortunes dissipate over generations, further suggesting that the failure lies with the heirs.

Acquirers and Inheritors Dilemma: Discovering Life Purpose in the Presence of Wealth

Acquirers and Inheritors Dilemma: Discovering Life Purpose in the Presence of Wealth

This article looks at the experience of the very wealthy family, particularly its members’ growth and development in relating to their wealth and its role in their lives.
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