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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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...
Financial Education, Wealth Education, and Emotional Education: The 3 Key Domains of Sustainability in the Future for UHNW & Family Offices
For ultra-high-net-worth (UHNW) families and family offices, sustainability is about more than just maintaining financial wealth. It encompasses...
A Case Story: Navigating Generational Conflict in a Family Business
Family businesses face unique challenges, especially when personal relationships intertwine with professional responsibilities. Generational...
Parents’ Relationship with Money Will Impact Their Children – No Doubt! I See It in My Work
Parents play a crucial role in shaping their children's attitudes and behaviors towards money. The relationship that parents have with money can...
Common Issues in Family Offices Observed by a Wealth Psychologist
Family offices are dedicated to managing the wealth and affairs of ultra-high-net-worth (UHNW) families, but they are not without their challenges....
Dr Ronit Lami’s Interview about integrating wealth psychology into estate and transition planning
Recently I was interviewed by Tor Flonaes an owner at MASECO Private Wealth. We discussed the intricate dynamics of integrating wealth psychology...
Wealth Transfer and Intergenerational Issues
Wealth Transfer and Intergenerational Issues Wealth transfer between generations is a complex process that goes beyond financial considerations. It...