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Building Resilience in Times of Uncertainty

Dr Lami has been invited to speak again at the London Technology Club, this time she will be talking about Wealth Psychology and Technology. How online education is helpful to educate clients and professional advisors about the complex psychologies behind Estate Planning & Wealth Transfer, Relationship with Money & Wealth and other Wealth Psychology aspects.

Building resilience in times of uncertainty is necessary for several reasons:

  1. Ability to adapt to change: Uncertain times often bring unexpected changes. Resilience equips us with the ability to adapt to these changes, helping us adjust our strategies or behaviors accordingly.
  2. Mental and emotional well-being: Resilience aids in maintaining mental and emotional health. It helps individuals cope with stress, adversity, and unexpected setbacks, reducing the risk of mental health issues like anxiety or depression.
  3. Fosters problem-solving skills: Resilient individuals are usually better at solving problems. They can remain calm under pressure, think clearly, and find viable solutions in difficult situations.
  4. Promotes personal and professional growth: Resilience encourages a growth mindset. Instead of viewing challenges as insurmountable, resilient people see them as opportunities to learn, grow, and improve.
  5. Encourages healthy risk-taking: When resilient, individuals are less afraid of failure, as they understand that setbacks are a part of the learning process. This mindset fosters innovation and encourages healthy risk-taking, essential for success in various domains of life.

Dr Lami will be speaking alongside Dr Trudi Edginton, a Cognitive Neuroscientist and sought-after speaker on cognitive performance, mindfulness and mental health. Together they will discuss how the world is undergoing increasingly rapid and unprecedented change. To succeed, individuals and companies must develop resilience. Join us to learn more about dealing with uncertainty, building resilience, enhancing performance and the psychology of wealth.

Building Resilience in Times of Uncertainty
Friday 14th April 2023
8.30-10.30am UK

Langan’s Brasserie,
Stratton St,
London W1J 8LB

To find out more or register for the event please follow the link below:
www.londontechnologyclub.com/events/building-resilience-in-times-of-uncertainty

For more amazing posts, check out Dr Lami’s blog.

Preparing the Next Generation for Wealth Transfer

One of the key topics that resonated with the audience was how parents can prepare their children for a successful wealth transfer. Many asked about the ideal age to start this preparation and the areas that should be covered.

I touched upon the eight essential areas that wealthy parents need to focus on to facilitate a successful transfer. These include teaching financial literacy, fostering emotional resilience, understanding the family dynamic and its impact of wealth transfer, being able to establish healthy communication channels, understanding the family wealth system, and instilling a shared sense of family values.

My Estate Planning and Wealth Transfer program is specifically designed to address these areas. The program offers actionable tools, interactive exercises, and evidence-based strategies to help families manage the complexities of intergenerational wealth. The programs ensure that estate planning is done with the utmost care for the legal aspects as well as the psychological and emotional one, and that wealth transitions are not only seamless but also deeply meaningful, strengthening family bonds and aligning wealth with the values that matter most.

I encourage readers to explore and inquire about this online program, which provides a comprehensive roadmap for building a legacy that goes beyond financial success. It equips families with the knowledge and skills to create enduring connections and sustainable wealth strategies across generations.

A Glimpse into a Subsequent Session

Charles Spencer, the 9th Earl Spencer, delivered a compelling keynote titled “Centuries in the Making: Evolutionary Strategies for Wealth and Legacy Preservation in a Changing World.” Drawing on the Spencer family’s centuries-long history, he provided unique insights into the evolution of wealth management strategies and their relevance in today’s world.

He shared approaches for preserving and growing family wealth while staying true to core family values and philanthropic commitments. His keynote also highlighted the need to adapt historical wealth strategies to meet contemporary challenges such as globalization, technological advancements, and economic uncertainties.

Earl Spencer brought these lessons to life through personal stories and leadership insights, offering practical guidance on resilience and stewardship for maintaining enduring family legacies.

Other topics throughout the summit included the evolution of wealth management strategies, the role of philanthropy in shaping family legacies, and innovative approaches to aligning personal values with financial goals. These conversations offered attendees a holistic perspective on the opportunities and challenges that come with wealth in today’s world.

The Summit’s Broader Impact

This year’s Elite Summit was more than just a conference; it was a vibrant place of ideas, featuring speakers from diverse backgrounds who shared a common goal of pushing the boundaries of traditional finance and philanthropy. The summit reaffirmed its role as a pivotal platform for future trends in family offices and wealth management.

Looking Forward

The insights garnered from this year’s summit are just the beginning. We continue to reflect on the knowledge shared and prepare for the practical applications in our lives.

For those eager to explore how wealth psychology can transform your family business or family’s wealth management, feel free to reach out. Let’s leverage the momentum from the Elite Summit to foster innovative solutions tailored to your needs.

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