Show-Off or Cheapskate?

September 15, 2025Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

When I was 7 or 8 years old, I visited a park with my extended family. One of my older cousins saw a shiny, new Mercedes in the parking lot and said something to the effect of, “Why in the world would someone buy one of those? That car is so expensive, they must be trying to show off and show everyone how great they are!” I remember being confused and wondering why my cousin was so angry. Another family Read more »

Wealthism

July 28, 2017Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

Last week I was in Colorado presenting at the Annual Rendezvous of the Purposeful Planning Institute. This is a great organization where a wide variety of professionals meet to develop and share best practices for enlightened planning around the broadest definition of wealth (way more than money). My colleague and friend Kristen Heaney and I developed a breakout session about wealthism. Joanie Bronfman originally coined the term “wealthism” in her 1987 doctoral dissertation at Brandeis University; Merriam-Webster defines an “ism” Read more »