The Psychology of Money Blog
Welcome to Dr. Lami’s Wealth Psychology Blog!
On this page you will find articles and information related to the psychology of money and wealth.
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Dr. Lami’s Approach: Raising Children Ready for Wealth Transition
Transferring wealth to the next generation is a complex process that transcends numbers and legalities. It's a delicate balance of imparting...
Finding the Balance Between Being a Family and Working in Business Together
Navigating the complexities of a family business can be challenging. With the mingling of familial ties and professional responsibilities, finding...
Building a Family Business Without Tearing Families Apart
Building a prosperous family business can be an incredibly rewarding endeavor, but it can also present unique challenges. Combining familial...
Keeping Your Family Together
In my experience as a wealth psychologist, I have often noticed that when it comes to ultra-high-net-worth families, money tends to complicate...
The Art of Stealth Wealth: A Peek into High-Class Subtlety
The Truman Capote era, when the wealthiest were separated from the merely rich by the quality of vegetables they served, now seems charmingly...
Surviving and Thriving in a Family Business
Family businesses embody a unique confluence of business acumen, familial bonds, and legacy, making them pivotal to the global economy. However, the...
The Power of Resilience: Thriving in Times of Uncertainty
In a rapidly changing world, the only constant is change. Technological advances, global crises, and shifting societal norms create an environment...
Working in a Family Business and Thriving
Working in a family business can be a challenging yet rewarding experience. The entwined personal and professional relationships can complicate the...
The 5 Mistakes UHNW People Do With Their Estate Planning
Estate planning is a critical aspect of wealth management, especially for ultra-high-net-worth (UHNW) individuals. However, even the wealthiest...
The 5 Mistakes UHNW People Do With Their Wealth Transfer
Wealth transfer is a critical process for ultra-high-net-worth (UHNW) individuals, shaping not just their legacy but also the financial future of...
Surviving and Thriving as a Multi-generational Family
Living harmoniously as a multi-generational family comes with its share of challenges, yet, when approached wisely, it can be a deeply rewarding...
The Three Mistakes Parents Make in Their Wealth Transfer Plan That Harm Their Children
As a wealth psychologist, I often guide families through the sensitive and complex process of wealth transfer, and everything related to a proper...