The past 18 months have been filled with speaking and presenting in various forums around the globe on the psychology of Money and Wealth. During this time, the topic that was of main interest with the attendees revolved around the subject of preparing our children to be responsible custodians of the family wealth, family financial [...]
One of the topics that draws much interest is the subject of preparing our children to be responsible custodians of the family wealth.
Having a healthy relationship with money allows us to be truly free in our giving, whether it is through charity or any other form, and thus become philanthropists in a way that purely represents our love of mankind. Though many of us use the words charity and philanthropy interchangeably, their meanings are very different. [...]
In virtually all families, assets will be transferred from one generation to the next. Yet when those assets carry significant monetary value, as is customary within wealthy families, inter-generational conflict can often arise and develop into a serious issue. Careful thought and expert insight can mitigate the risk of conflict, enabling wealth transfers to lead [...]
We all have a relationship with money whether we know it or not. This relationship determines how we think, speak and act about money. It also impacts relationships. We have all witnessed how relationships can be stressed and hurt when financial affairs are perceived by one side or the other to be unfair; how communication [...]