Thanks to colleagues at Drucker and Scaccetti (D&S) for the invitation to “Money Matters TV.” Jim McGrory (D&S) hosted along with Paul Mitchell.
My segment begins at 12:20 into the program (click here to watch the interview). Some of the topics addressed are:
- Raising children in a context of financial success
- Bringing the next generation into the family business (advantages to both next-generation family members and the business when the next generation gets outside experience before entering family business, and why some families prefer to skip this step)
- Talking with children about family wealth, starting at young ages, without necessarily talking about money (and when and how to start the money-specific conversation)
- The power of being proactive in managing the interplay of family and business/wealth