This episode currently has no reviews.
Submit Review- Publisher |
- Dr. Daniel Crosby
- Media Type |
- audio
- Categories Via RSS |
- Education
- Publication Date |
- Nov 04, 2021
- Episode Duration |
- 00:46:38
Tune in to hear:
- The old American adage of “shirtsleeves to shirtsleeves in three generations” seems to be an enduring sentiment across many other cultures. Why is it such a tricky thing to sustain wealth across multiple generations and what can be done to remedy this?
- Why is pointing the finger at the third generation an overly reductive approach? What could the first generation do differently to help sustain their wealth legacy?
- For those who want to leave a financial gift to future generations, how can we overcome this found money / “house money” effect. How can we make it feel more tangible, real and earned?
- How can families with means teach their kids the attitudinal aspects of wealth preservation, like thrift and scarcity? Do they have to impose limitations where there are few or is there another way to do so?
- In his book, he encourages people to not mistake their wealth with their legacy. What exactly did he mean by this?
- Why is it important to distinguish between your business, or personal practice, and the business of your family?
- How does a margin of safety look different for an entrepreneur vs. an investor in capital markets?
- How can we see the world through the eyes of our grandchildren and great-grandchildren when we’ve never met them? Also, how can we avoid our natural tendency to scapegoat the upcoming generation for our problems?
- How can we begin to overcome the great amount of wealth inequality in our nation?
- How can one think through charitable giving, that actually moves the needle, with their clients?
Compliance Code: 2778-OAS-11/1/2021
Tune in to hear:
- The old American adage of “shirtsleeves to shirtsleeves in three generations” seems to be an enduring sentiment across many other cultures. Why is it such a tricky thing to sustain wealth across multiple generations and what can be done to remedy this?
- Why is pointing the finger at the third generation an overly reductive approach? What could the first generation do differently to help sustain their wealth legacy?
- For those who want to leave a financial gift to future generations, how can we overcome this found money / “house money” effect. How can we make it feel more tangible, real and earned?
- How can families with means teach their kids the attitudinal aspects of wealth preservation, like thrift and scarcity? Do they have to impose limitations where there are few or is there another way to do so?
- In his book, he encourages people to not mistake their wealth with their legacy. What exactly did he mean by this?
- Why is it important to distinguish between your business, or personal practice, and the business of your family?
- How does a margin of safety look different for an entrepreneur vs. an investor in capital markets?
- How can we see the world through the eyes of our grandchildren and great-grandchildren when we’ve never met them? Also, how can we avoid our natural tendency to scapegoat the upcoming generation for our problems?
- How can we begin to overcome the great amount of wealth inequality in our nation?
- How can one think through charitable giving, that actually moves the needle, with their clients?
Compliance Code: 2778-OAS-11/1/2021
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