Money Tales – Next Generation

January 22, 2023Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

My son Jeremy recently did an interview for the Money Tale$ podcast with my friends and colleagues Sandi Bragar and Cammie Doder of Aspiriant . He had fun doing it and I could not be prouder. Here’s the backstory. Last July I was interviewed for the Money Tale$ podcast and had a great experience. At the end of my interview, they asked if I knew anyone who might be a good guest. I thought of my older son, Jeremy, and he went for it. Sandi and Cammie’s mission is to take the taboo out of talking about money, and Read more »

Christmas in August???

December 15, 2022Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

Friends, Clients and Colleagues, The Christmas season (and season for holidays of many traditions like Kwanzaa, Diwali, my own Hanukah, and others) is upon us and I have made a donation in honor of all of you to the Trenton Area Soup Kitchen (TASK). I appreciate you as part of my life in some way. Rather than cards or pies or other gifts (which are all really cool and appreciated by me when I receive them) I decided to write to you here and Read more »

In-Laws

November 8, 2022Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

In-laws. They marry into our families, and we marry into theirs. Immigrants from one family to another. If you’ve followed this blog for a while, or know me personally, you likely know that my family’s commercial printing business was sold long ago. But when I was in college, I had to decide to enter the family enterprise or go my own way, and I went my own way for several reasons. Top among these: knowing the best chance I had Read more »

St. Lucia Fam Biz Lessons

September 20, 2022Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

My wife and I went to St. Lucia the last week of August for an amazing getaway. The beauty is incredible – rainforests, aqua coves, wildlife above and below the sea. The people were just as incredible! Two experiences we had on our trip exemplify the best of family business and the immense challenges they face. Meno the Naturalist We had a private tour of the beach and forest at Anse Mamin. It was a “group” tour from our resort, Read more »

Help Others & Build Character

April 14, 2022Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

Helping other people is powerful. One of the main concerns of families I work with is how the financial success of the family will affect the rising generation. They are particularly concerned about the potential negative effects. I’ve worked with families for many years; family has been my area of focus in many realms. I’ve worked in different roles with some of the wealthiest and poorest families in America. I’ve consistently witnessed when families (regardless of their level of wealth) Read more »

LeBron, Wealth and Friendship

February 20, 2022Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

In the movie Trainwreck, Lebron James (playing himself) and Bill Hader (playing Dr. Aaron Conners) are in a scene having lunch together. When the check comes, Lebron suggests they split the check according to what they each ate. Aaron is shocked that LeBron James, a rich and wealthy basketballer, will not simply pick it up. LeBron’s response, “It is better for our friendship…Equals forever.” Watch the scene for yourself (only 50 seconds). While the movie is an Amy Schumer-written comedy, it hits on a serious point for wealth Read more »

Phoenix of Fatherhood

January 9, 2022Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

Last month’s blog, Wet Leaves and Humility , left me in a humiliated but (slightly) wiser position as a father and consultant to business and legacy wealth families. Please read it over if you have not (only takes a couple of minutes to read) – it sets the stage for this blog. In a nutshell, my last blog tells the story of how I thought I was doing something well and my son pointed out that he had a much better way to do Read more »

NHL Hockey and Family Business Leadership

October 26, 2021Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

If you know me or have followed this blog for any amount of time, you’ll know I like to make parallels between family business and pro hockey and rock bands. Both have similarities to families and, I’d make the case, ARE families when at their best. Is blood connection necessary to be a family?     FAMILY BEYOND BLOOD For most of history, family was primarily defined by blood connections. In more recent times, family has taken on a broader Read more »

Resistance

May 27, 2021Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

Sigmund Freud was known for a lot of things. What most non-psychoanalysts are unaware of is his foundational idea of the importance of RESISTANCE – in psychotherapy and in life. Freud believed that as much as people seemed to be clear about what they wanted in life, they also often resisted getting it – usually in ways they were unaware of. Without getting lost in a rabbit hole of psychoanalytic theory, here is his basic premise: people are openly aware Read more »

Family Business South Dakota Style

April 17, 2021Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

On April 29th, I’ll be presenting at the  Prairie Family Business Association’s 29th Annual Conference . I presented in 2015 and love the state of South Dakota and wish I could be there in person this year. The conference is a hybrid and I’ll be virtual. The good news is, wherever you may be located, you can join this great conference with excellent content and more than 400 attendees. I’ll be speaking about raising children in the context of a family business (FB) – a topic I’m Read more »