I think that New Year’s resolutions usually fail because they are nothing more than a well-intended ‘wish’ for change. Most people live the same old song over and over again due to subconscious patterning. So despite a desire to do something new or change their path, their subconscious rules by default, playing back their […]
Building True Family Wealth: Creating family unity to discuss money and your legacy while avoiding conflict.
True Family Wealth is about ensuring every member of your family feels enriched and supported. It doesn’t always mean supported just with money. One of the major components of building true family wealth is good communications among family members. Some families find it really difficult to imagine themselves meeting together to discuss issues, especially money […]
Being “rich” means little if you do not feel “enriched”.
Family and Money. Most of us think wealth is just money: the cash in our bank, the value of our home, or the size of our financial portfolio. Some people chase it; others hoard it or fear it. Money represents safety and security. We spend a considerable chunk of our lives trying to accumulate […]
Two strategies to create a family money culture that empowers your kids without creating entitlement.
As a Family Office, my team and I at First Affiliated work with families of considerable financial wealth. But as I describe in my book, True Family Wealth; Love, Money and an Inspired Life, financial wealth is not the same as True family wealth. True family wealth is achieved when every member of the family […]
Our Life Energy Quotient is the most important resource any of us has.
In my book True Family Wealth; Love, Money and an Inspired Life, I describe that regardless of whether we earn money, buy money, or were given money, we all have something in common. We are born, and we die. In between, we all have twenty-four hours each day that we live—we just don’t know […]
Giving your family the gift of financial literacy
Is this you? Do you have a spouse that leaves the financial decisions up to you? Do you worry what will happen when you are gone? Do you see your adult kids struggle with money and are not sure how best to help? Overcoming family financial ignorance empowers your family, preserves your wealth and […]
Kids, Parents & Money – Four financial conversations you must have to create and preserve family wealth and unity
As a seasoned manager of family wealth, Chris Clarke has seen families break apart when discussions about money take place. “It is a taboo subject, that many parents feel uncomfortable or fear to talk about with their children, until it’s too late.” Says Clarke. “Discussions about money and about family rarely happen in the same […]
Help your kids build their own personal power
I’ve written a great deal about thinking of your family as a business—not in the money-making sense but doing the tactical things that businesses do to be successful, which I call the Family Treasury ™ Model. Have a vision, goals, a strategic plan, assign roles and responsibilities, communicate. A model that takes the best practices […]