Have you spoken to your family, including your children, that with wealth comes the obvious: – privilege, – opportunities and – choices. More importantly, with wealth comes responsibility. Many families of wealth tend to shield their children from both the burden of that wealth, though letting them enjoy the benefits that wealth can bring with […]
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A pet peeve of mine is where the owners of a business either are not interested or have not yet taken the time to learn more about the financial aspects of the business. In these circumstances, the financial literacy for such family members can and should be improved. Many family owners are happy to cash […]
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The goal of succession, as crass as it may sound, is an exercise of accomplishing the goal of making you and your role in the family enterprise obsolete. This does not mean that your company will move beyond you, it simply means that you work to make the business able to function (with people and […]
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Financial literacy needs to be improved. And this from what I have learned is at all ages. It is never too late to begin learning some financial literacy. I have hope. New social media stars are using TikTok and YouTube to engage a younger audience with financial literacy education. Many do not know some of […]
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Have you heard of UFC? Unless you live under a rock, you have to have heard of one of the continuously and fastest growing professional sports franchises in North America. 15 years ago, had you ever heard of UFC? Through clever marketing and branding, a fringe and often bad PR sport became a mainstream […]
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