Heirs & Graces: The Next Generation
“It is neither wealth nor splendor, but tranquility and occupation which give you happiness.” – Thomas Jefferson
The development of the next generation is key to healthy succession, because as we all know, financial success presents both opportunities and challenges. The key is learning how to use money as an empowering tool for the next generation, so they are able to lead fulfilled, content and harmonious life. If they do that, they run their lives. If they don’t, money runs their lives.
We all have relationships with money, whether we know it or not. The problem starts when your children develop an unhealthy relationship with it, which can sabotage their feeling of happiness, as true happiness can’t be bought with money. Instead, happiness comes from nurturing our inner being, or our ‘inner wealth’.
Families have the responsibility to develop the mental, emotional and intellectual aspects of the next generation. Without careful preparation, the next generation may feel incapable of handling the responsibilities they face. Their fortunate position may seem as burden and even feel, guilty, shame or uncomfortable about.
Next generation family members must learn how to be emotionally and mentally prepared for the responsibilities that ownership brings. As future custodians, they must acquire the financial knowledge and information, as well as develop the emotional intelligence to be responsible stewards of their wealth.
Dr. Lami helps parents, and children/adolescents, develop the awareness, skills and capabilities, that allow the evolvement of values and attitudes that are necessary to raise emotionally healthy, balanced and sensible children.
“When wealth is lost matter is lost, when health is lost something is lost, when character is lost, all is lost.” – Billy Graham