Many children from wealthy families suffer from unhappiness, depression, and a general lack of motivation. If you’ve always been given everything you want, what’s the point of trying to provide for yourself? Yet many children of wealthy parents not only thrive in life, but even outperform those same wealthy parents. Why do some fail so… Continue reading Motivating Children in a Wealthy Family
Financial intelligence is one of the most important skills in today’s modern world. With it, you’re able to set yourself up for a future full of promise. Without it, you’re struggling day in and day out, with no hope of ever reaching the “American Dream”. Unfortunately, there is little to no teaching of financial skills… Continue reading Getting Young Kids Involved in Family Finances
Many of the historical “Great Families” became well-known because of their vast fortunes. Some of these families fell into irrelevance, while many are still well-known today. The Vandebilts, Du Ponts, and Cargills all hold a certain station in the United States that few other families have. While many of these fortunes decrease through time- through… Continue reading The Family Investment Pot
Building a Great Family means preparing the next generation to continue and improve upon the traditions and the legacy you’ve spent your life building. Previously, we’ve discussed some of the basics to teach your children as they grow beyond the preschool age and begin to comprehend the world around them. As they grow into teens,… Continue reading What Teens Need to Learn for Long Term Financial Success
From nearly the moment your children are born, the question of whether or not to pay for college begins forming in your mind or being asked by “concerned” friends and family. Can we have a few years to make sure this little one doesn’t stick a nail in an outlet or take a flying leap… Continue reading Paying for College… or Not?
A Great Family does not come about by luck or by circumstance. It comes about due to intentional action, discipline and focus. Most people just meander their way through life. Some are more successful than others, but most move from one short term action to another. In business, companies that meander often don’t last long. … Continue reading The Family Mission Statement: Your Family’s Guiding Principles
If you’re reading this blog, you’re likely interested in personal finance, investing, and building a great family. And if your family is like my family, then you are probably the one that does the heavy lifting when managing your family’s money. Your spouse might be involved, but as with any other organization, family members tend… Continue reading You’re Dead! What About Your Family?