Manage family money with family meetings
Anyone hoping to be intentional with their money should consider family meetings. These meetings take various forms, and can occur with or without a financial advisor.
How to avoid the curse of generational wealth
“Shirtsleeves to shirtsleeves in three generations”—proverbs abound warning that no matter how much money you accumulate, your kids and grandkids may lose it all.
Start formalizing your family values
These prompts can help you put words to your family values. Each value has follow-up questions to help you think about how different priorities might apply to your family relationships, community, finances, and life overall. Click to download the checklist.
How to build generational wealth
There’s a proverb about wealth that’s so prevalent we see versions of it across countries and cultures: shirtsleeves to shirtsleeves in three generations. In other words, family wealth never survives more than three generations. The Scots put it even more bluntly: The father buys, the son builds, the grandson sells, and his son begs. To […]
Be intentional with your wealth
Most people don’t set out to accumulate wealth for the sake of it. Rather, people want to live comfortably and provide for their families. After that, many hope to put their money to work in the world. Truly maximizing your wealth requires you to manage it with intention. And those conversations require you to touch […]
Awkward conversations with parents
There are multiple studies showing older Americans don’t like talking about money, but if you have aging parents, those conversations may be critical.
Surviving the sandwich generation
Many of the families we work with want to support their kids AND help their aging parents… but it’s important to make sure you’re stable, first.
Protect your (parents’) money
Helping your parents safeguard their finances can help you selfguard your own finances, too, if you handle it right. That’s why we take a multigenerational approach.
Multi-generational planning: Protect your parents, your children, and yourself
Many people worry about what will happen to their parents as they age, and that’s before you add their finances (and yours) into the mix. It’s uncomfortable think about aging and death, and talking about money can be difficult to boot. The difficulty of these conversations makes them easy to put off, which can lead […]
