At the end of a year long consultation with a family business, an heir expressed, “Isn’t it ironic our family had to be more business-like, and our business more like a family? What I mean is, our family had to organize and our business had to build trust.” The unique challenge of a family business [...]
Archive for June, 2009
The Business of Family and Vice Versa
Posted in Uncategorized, tagged Family Agreements, Family Harmony on June 20, 2009 | Leave a Comment »
Alcohol, Drugs and Addiction
Posted in Uncategorized, tagged addiction and wealth, alcohol drugs and affluence on June 12, 2009 | Leave a Comment »
The latin root of the word addiction, “addicere,” means a slave to a master. Addiction to alcohol and drugs is pervasive in our society, impacting all socioeconomic levels. Wealthy families are not exempt. In specific ways, wealth can complicate the recovery process. Through story, I will illustrate the concept of enabling behavior which supports the [...]
Emotional Money
Posted in Uncategorized, tagged Emotional Money, Empathy, Gary Shunk on June 5, 2009 | Leave a Comment »
I am attending a conference near Washington, DC hosted by the National Association of Personal Financial Advisors(NAPFA). I spoke earlier today. My topic: “Emotional Money.” Money is paper. That paper is a highly charged and animated entity. We animate it with our personal and collective imagination. Money carries hopes, dreams, fantasies, freedom, power. Money [...]
