Wealth Stewardship Tag

“Only 1428 more days!” “I’m so sick about the outcome of the election that I’ve been depressed, and experienced body rash and pain.” “It’s time to move to Canada and wait it out.” “How can the stock market keep going up with Trump in office? It doesn’t make any sense.” “I wanted to see...

This 2010 conversation with a long-term client about changing his community seems especially helpful today so we've reprinted it here: Mark, what makes “changing your community” so important to you?  Should it be important to all of us and if so, why? We live in an imperfect world.  I believe that if every...

Does it seem to you that kids today are more self-absorbed and have less empathy? Many of my wealth management clients are concerned about raising altruistic children--kids with empathy--who are not only successful in school and extra curricular activities, but who want to make the world a better place. What kinds of...

Affluent children have tremendous advantages, but often lack basic, life skills that many of their non-affluent peers acquire early in life. That’s because when resources are scarce, you’re forced to make tough choices, work harder, manage uncertainty, juggle, and deal with consequences. When life is more comfortable, there isn’t as...

I heard something last week at church that got my attention: “Life is not about having enough bread, it’s about sharing the bread.” This really struck a chord with me since I’m a professional barn builder, meaning that I help people accumulate wealth. After spending almost 20 years around some of...

Continuing with more thoughts on wealth, charity and empathy, here's another great essay on the matter by Michael Lewis, delivered as his commencement speech to his alma mater, Princeton University, in 2012. You can read the transcript here, or watch the speech here. It explores the role of luck in his own career and the lives of other successful people. Those who have both good luck and success, he goes on to say, are obligated to pay it forward. The speech is short and well worth the read.

Did you give away money last year? And if so, how much money did you spend on behalf of others? Was it enough? The questions are not meant to induce guilt. In addition to being relevant during tax season, the answers also speak to your own happiness.