When it Comes to Money, Know Who is Driving

When it Comes to Money, Know Who is Driving
Money Types will Assist or Derail Financial Conversations"Valerie" (not her real name to protect her privacy), newly engaged to Bob who has two children from his prior marriage, is meeting with Bob and his long time male estate-planning attorney. The attorney and Bob are talking about possible structures to use to avoid taxes and protect his key co...
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What Is Your True Net Worth?

What Is Your True Net Worth?
Jamie writes: "To truly calculate your net worth, you must consider all of your assets. Now, let me be clear, as a coach and a consultant to some of the world's wealthiest people, I am not simply talking about real estate, jewelry, or other types of material assets. When determining your True Net Worth (TNW), the real asset classes that need to be ...
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Family Businesses: Recognizing the areas of conflict at the intersection of Family, Ownership, and Management

Family Businesses: Recognizing the areas of conflict at the intersection of Family, Ownership, and Management

Our family business governance specialist, Jim Rappaport teamed up with estate planning attorney Pat Annino in presenting at the Family Firm Institute's conference in London last year on what it takes to be resilient in family businesses.  They highlight some of the key aspects of their presentation in this recent article from FFI -- Resilience: An essential approach to the boundaries among family, business, and ownership for the sustainabiilty of the system

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Stealth Wealth: The Hidden Challenges of Success

Wealth Legacy Group's founder and CEO, Jamie Traeger-Muney was featured in this insightful and well-researched piece from NPR's MarketPlace called "Stealthy Wealthy".

 

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Wealth Psychology and Financial Therapy Stir up all Kinds of Emotions

Jamie Traeger-MuneyWealth psychologist, Jamie Traeger-Muney, is finding herself more and more in the role of thought leader in a field that is evocative and controversial.  Her message is consistent and clear - vilifying the rich is harmful to society. Polarizing statements that put everyone into one group and speak uniformly about those who have the same identified characteristics leads to furthering the problems we seek to change. The media plays an important role in either fanning the flames of hostile envy and micro (and macro) aggression against the wealthy, or in educating everyone about how to build bridges and bring disparit groups together by identifying common experiences and how we are all uniquely human.

We continue to make a concerted effort whenever we are approached by a reporter to speak on behalf of the marginalized and isolated clients we serve who often feel they need to have their wealth remain hidden for fear of judgment, attack, and shame. We have yet to see where shaming someone leads to a positive outcome.  It is our sincere hope, as well as our expressed purpose, to shine a light on dysfunctional approaches to wealth-disparity and to bring about a shift in thinking and speaking about those who are considered wealthy. A wise man once said: "If you want to be rich, bless them, instead of criticizing those who are."

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Latest News

Money Types will Assist or Derail Financial Conversations"Valerie" (not her real name to protect her privacy), newly engaged to Bob who has two children from his prior marriage, is meeting with Bob and his long time male estate-planning attorney. The...
Jamie writes: "To truly calculate your net worth, you must consider all of your assets. Now, let me be clear, as a coach and a consultant to some of the world's wealthiest people, I am not simply talking about real estate, jewelry, or other types of ...

Recent Blogs

This week, I'm turning 50 and I thought the best gift I would receive was finishing the first draft of my book, Thrive & Help Thrive. The concept of the book is the more we leverage our True Net Worth (our talents, trusts, treasures & time) t...
​The number one concern we hear from our clients is the worry that their wealth will negatively impact their children and grandchildren, causing them to be spoiled, entitled, and to lack motivation.Questions like these are keeping thoughtful parents ...