Wealth of Wisdom: The Top 50 Questions Wealthy Families Ask

This project came about several years ago as I was studying for the CPWA Designation through the Yale School of Management.  One of the many books we were required to read was a book, "Wealth of Wisdom, the Top 50 Questions Wealthy Families Ask"  written and compiled by Tom McCullough and Keith Whitaker.

This book chronicles the top 50 questions they researched using of the world's leading experts on family financial planning, estate planning, legacy consultants and more summarized best by Dirk Junge of the Pitcairn Company;

"With Wealth of Wisdom, Tom, Keith and their cadre of experts offer families the tools and resources they need to move into the future with clarity, confidence and control".

My attempt is to bring this level of clarity, confidence and control to my clients and network.  I will take each questions and send a weekly summary via email, blog and social media post. 

Please, use this information to engage with your family and trusted professionals.  If this information opens up doors, adds value or otherwise enhances your life or brings you peace, please let me know.  And if there is an opportunity to engage on a personal or business level, I happily welcome the opportunity. 

For more information, or to schedule a one on one with me to see if/how I can help you answer some of these questions, please follow the link below. 

Phil 

P.S.  I purposely am not using AI for any part of this project, so please excuse typos, grammatical errors and just poor writing.  

This is the primary question to begin the conversation.  Defining Wealth may mean (and normally does) something beyond material and monetary assets.  Discover what it means to you, and what that may mean to your family. 

Books and entertainment have always been a blank canvas for the conversation on living well.  This discussion is about the parts of your life that actually create value and benefit to your life.  

Is you legacy defined by your estate plan?  How do wealthy families approach the idea of legacy?  

Questions the wealthiest families ask: What does passing on Values Really look like? first defining what a value is, then identifying and living those values for your children to absorb. Active questioning and discussions help.

I love this chapter, truly. Early on in my career I realized the need for and differentiation of Goals vs. Priorities In fact, if you have gone through the formal financial planning process with me, you have undoubtedly participated in...