Last night we had an interesting life experience — one of our neighbors’ home caught fire and burned to the ground. For those of you who don’t know, we live out in the country surrounded by trees. There are 8-10 homes in our area, with woods (currently very dry woods) in between homes. Around 11:30 p.m., my daughter, Lizz, came
There is plenty being written about the current financial crisis and, like the political elections this past fall, it is easy to become overloaded with information. Obviously, there are a lot of opinions about what has happened, who is at fault, and what should be done. Some of the comments are driven by philosophical beliefs (for example, about macroeconomics), some
I have been collecting some articles on psychology and wealth from a variety of journals I receive, and recently there was a group of articles published in the Monitor of Psychology which is published by the American Psychological Association. I thought I would briefly share some of the information reported. One article in the January 2009 Monitor entitled “Mind over
Part of life is the fact that “bad things happen” – a car accident, serious physical problems, death of a family member, loss of a job, — all kinds of events are possible. Recently, I have had a number of family members and friends struggle with serious physical problems: brain tumors, breast cancer, back problems, vertigo, depression, kidney malfunctions. (I
A much talked about issue in the area of wealth transfer and family business succession is the desire to “transfer our values to the next generations”. This is a valiant goal and one which should be true for every family regardless of wealth status — training your children and grandchildren in ways that they will instill values that are important
This is the time of year when families gather together – college students are on break, young adults return home to visit, and the extended family celebrates Christmas and New Year’s together.* So it is also the time when parents who have been successful in business turn their focus to their family. This is both a good thing and it
Almost all of us in the United States are now starting to personally experience some aspect of the global and national economic crisis. Whether it is through a personal or family job loss, friends and extended family members who have been laid off, a slow down in your business, or projected reduced sales for next year — the impact is
I have had a number of situations recently where I have been involved in family situations where two members of a couple have come from significantly different levels of financial resources. The following are more in the category of “in process” observations — thoughts and reflections that I have that are still developing and not fully complete yet. Coming from
Thanksgiving is upon us this week. And for most Americans, that means some sort of “get together” with family or friends. Some of us dread the time, while others anxiously look forward to it. Regardless of your past experiences, your plans for this year and accompanying mindset, I thought I would propose some proactive steps each of us can take
Over the past several weeks I have been involved with a number of families, helping them with their philanthropic giving process. What has been interesting is the fact that almost all of the families are at some different stage in their developmental stage of philanthropy. Some are really just beginning, others have been “doing” philanthropy for a while but are
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