The Voice of the Rising Generation Family Wealth and Wisdom |
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| Author:
| Massenzio, Susan E.
Whitaker, Keith
Hughes, James E. |
| Series title: | Bloomberg Ser. |
| ISBN: | 978-1-119-82000-0 |
| Publication Date: | Dec 2021 |
| Publisher: | John Wiley & Sons, Limited
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| Book Format: | Hardback |
| List Price: | AUD $65.95 |
Book Description:
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One of the greatest sources of pain within families with wealth is the belief that there are no choices. Sometimes even wealth creators who feel more than able in their business lives feel at the same time that their wealth will inevitably become a pernicious influence on their children and grandchildren. The next generation must awaken to the problem of treating financial wealth as more important than it is and therefore not developing a sense of self separate from the wealth.
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More DescriptionOne of the greatest sources of pain within families with wealth is the belief that there are no choices. Sometimes even wealth creators who feel more than able in their business lives feel at the same time that their wealth will inevitably become a pernicious influence on their children and grandchildren. The next generation must awaken to the problem of treating financial wealth as more important than it is and therefore not developing a sense of self separate from the wealth.
The book will:
* Explain the challenge that wealth poses to rising generations--the challenge of silence
* Discuss the "rising generations" and what their future might look like
* Share strategies that help members of the rising generation find their voices
The Voice of the Rising Generation 2E will discuss the successors of family wealth and what they can do to keep focused on human capital rather than putting too much emphasis to the role of financial wealth. Updated version to focus on clearer discussions of the importance of character development as the key to recipients' leading healthy lives. This is a point the authors have focused on in recent years, and want to emphasize in the books.
New material to include:
- New chapters on "the Big Reveal" which lays out the importance of a "pause" when rising generation family members are introduced to knowledge of the family financial wealth.
- New chapter on managing the reaction and responses to learning about one's family wealth, so as to promote recipient's healthy integration of this information into their life plans.
- New chapter on the possible challenge of political sequestration of private family wealth, the sources of demands for sequestration, and ways for families to think about and plan for that challenge.