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.
Spears – Best Family Business Advisors, Wealth Advisor & Psychologist
I am very proud to be listed on Spears 500 magazine as one of the top recommended family business advisors, wealth advisor & psychologists...
Estate Planning Without the Headaches: Effective Pre-Lawyer Strategies
Estate planning is often perceived as a daunting, headache-inducing process. The mere thought of gathering documents, making complex decisions about...
Estate Planning 101: Essential Basics Everyone Should Know
Estate planning is an essential process that everyone, regardless of wealth or family size, should undertake. It ensures that your wishes are...
Avoid Legal Headaches: Why Early Estate Planning Matters
Estate planning is often seen as something that can be put off until later in life. However, the reality is that early estate planning is crucial...
Save Time and Money: Estate Planning Preparation Before You See a Lawyer
Estate planning is a vital process, but one that often comes with significant legal fees if approached without preparation. Lawyers, though...
How Survivorship Life Insurance Policies Can Assist in Estate Planning
Survivorship life insurance, also known as second-to-die life insurance, is a unique type of policy designed to cover two individuals, typically a...
How to Avoid Costly Mistakes in Estate Planning
planning is a critical process that ensures your assets are distributed according to your wishes and your loved ones are protected after you're...
Avoid Common Estate Planning Mistakes
Estate planning is essential for securing your family’s financial future and ensuring that your assets are distributed according to your wishes....
UHNW Families and Individuals Maintain Financial and Emotional Wellbeing
Maintaining both financial and emotional well-being is a critical goal for ultra-high-net-worth (UHNW) families and individuals. The pressures and...
Parents’ Relationship with Money Will Impact Their Children
Parents play a crucial role in shaping their children's attitudes and behaviors towards money. The relationship that parents have with money can...
Intergenerational Issues in Wealth Management
Wealth management across generations can be complex and challenging. Different generations often have varying perspectives, goals, and approaches to...
Are There Different Wealth Challenges at Different Ages?
Wealth management is a dynamic process that evolves with different stages of life. Each age group faces unique challenges and opportunities when it...
The Extent That Unhealthy and Dysfunctional Relationships with Money Can Hurt Family Members
Money plays a significant role in family dynamics, and unhealthy or dysfunctional relationships with money can have far-reaching negative effects. I...