DIY Asset Allocation
Having been a couple for 39 years, my spouse and I have accumulated a variety of different types of investments and accounts over the years. Each year, I review the status of our accounts...
Tagged: money management
Family Philanthropy – 4 Ways to Structure Cross Generation Giving Activities
Members of wealthy families can utilize philanthropy to build and carry on the family legacy as well as to teach values and provide practical life experience to younger generations – but how do you...
Build and Nurture Relationships
In order to build and maintain family generational wealth, each family member in each generation will do best by learning about existing family and support relationships as well as building newer, more relevant ones...
Protect You and Yours
Understanding and dealing with the risks that life throws your way is a key preventative measure in building your wealth. Some of those risks include: loss of assets due to divorce or financial institution...
Build Your Wealth Management Skills
In order to become and remain wealthy, consider mastering the basics of personal finance, building skills in your chosen career and in life’s common sense practicalities, learning basic and advanced investment techniques, trying out...
Three Tools of the Mega Rich
Most of the world’s populations are lucky (?) enough to not have to worry too much about complex money management. For these folks a bank with a checking account and credit card, a home mortgage,...
What Wealth Category Are You?
Mark Haynes Daniell in Strategy for the Wealthy Family, defined four categories of wealth for purposes of identifying strategic opportunities families might consider using. It is interesting to note the strategies he suggests for...
Family Partnerships
My Dad always said “Never do business with family members”. Lots of wealthy and not so wealthy people are totally ignoring this advice. Family limited liability companies (LLC) or family limited partnerships (FLP) are...
