How can wealthy parents raise grounded children in an affluent environment?
It's a question that has flummoxed families for generations, and the stories of failed wealth transfer can fill volumes. For many inheritors, the many benefits financial wealth brings are offset by the struggles with meaning, purpose, identity, and motivation.
Simply put, humans were made to be builders, and when a child grows up in an environment of sustained abundance, the natural forcing functions that lead a person to build are dissolved away, leading to drift.
Most of the parenting books written for affluent families focus on symptom management. But there's too much at risk here to manage things with band-aids.
So I partnered with a gen-5 inheritor in a billion-dollar family enterprise to write the comprehensive book for wealthy parents on how to raise builders, not beneficiaries.
What are the principles and case studies that can help parents cultivate their human capital as they build their financial capital? How can parents ensure that the wealth supports, rather than sedates, their kids?
No, the answer isn't to give it all away and let your kids build from scratch. The answer is to raise the type of child for whom those financial assets offer leverage to build even greater things in pursuit of true wealth—being of service to others.
Lots to say here. The video clip is me reading part of the preface of the book as I worked on the audiobook version.
Pre-order link in the thread…
@data_republican It is disturbing how little information is available about local candidates. Many of them have not filled out the questionnaires on ballotpedia, for example, requesting basic biographical info and there’s almost nothing about where they stand on various policies and proposals.
“Since that last meeting with Stu, I've been back to @ESPN just one time.
When our oldest son was 8, my wife and I felt we'd better tell him and his brother about my role before the boys heard about it from someone else. So, we took them to Bristol, told them a short version of the story, and let them get some photos on the SportsCenter set. It was part of a northeastern family road trip, and I was pleased that they seemed more impressed by their first visit to Yankee Stadium!”
@ESPNPR@ESPNFrontRow
Read the final installment of my series reflecting on the founding of ESPN
https://t.co/5FNujVNG5E
@alexanderrusso Well, at Ballotpedia we engage most often with school board members. There’s steady turnover in this group of 83,000 and the newcomers, if they start looking for answers — they’re new. But admittedly they are a small voice in ed reform discussions.
@emzanotti What you say is true. The farmhouse I grew up in had a horrible unfinished basement with many spiders and mice, and an oven and on big “all the family” days someone had to run up and down the old stairs often to check on the turkey or the ham in that basement oven.
What are state legislators doing about deepfakes? You can follow their activities at Ballotpedia's newest 50-state legislation tracker: https://t.co/FXHVDoM4yV