Tagged: money psyc

Review of: The Middle-Class Millionaire

The Middle Class Millionaire The Middle-Class Millionaire The Rise of the New Rich and How They Are Changing America by Russ Alan Prince and Lewis Schiff copyright 2008 published by Doubleday a division of...

Book Review Time At Family Money Values

It’s book review time at Family Money Values. Over the next three weeks, I will be reviewing 3 wealth related books each week. These books were chosen because they provide a peek into the...

Life’s Little Frustrations

One of the problems with having a lot of money is that children of the wealthy do not have to overcome many of life’s challenges and frustrations. Wealthy kids may not tolerate frustration well....

Beware of Financial Wealth Destroyers

What are some of the things that can keep your family from being successful in their quest to build cross-generation wealth? Here are a few of them. Spending more than you earn. Whether you...

Develop Healthy Wealth Habits

If you want to become and stay wealthy, there are preliminary steps you can take to develop good habits for wealth. These can include determining what wealth means to you, pulling together to get to...

Develop a Multi-generational Mentality

Mark Haynes Daniell in Strategy for the Wealthy Family (p. 13) states that an “Effective family wealth strategy requires a forward view across three generations, with each generation addressing its own issues while, at the same...

What Can Go Wrong When You Are Wealthy?

Here are eight things to watch out for as you build your wealth, or anticipate a windfall. Family relationships may suffer. You may lose the wealth you built because you don’t know how to...