Kids, Wealth, and Consequences: Ensuring a Responsible Financial Future for the Next Generation: 39 (Bloomberg) - Hardcover

Morris

Hardcover

ISBN 10: 1576603482 ISBN 13: 9781576603482

Publisher: Kogan Page, 2010

Synopsis

Leaving children with a substantial amount of money can be either a boon or a burden. High-net-worth parents need to give their children an education - financial, emotional and intellectual - to navigate today's complex world. The question becomes how to raise children with a sense of reality and balance, imparting a strong work ethic, and making them good stewards of their wealth. Kids, Wealth and Consequences enlightens high-net-worth parents about the unique issues they need to explore. The book addresses the 'hard' financial issues, such as investing and estate planning, as well as the 'soft' emotional issues relating to values, family and communication. Morris and Pearl detail strategies and techniques to help parents raise children who appreciate, and know how to manage, the wealth they inherit.

About this title

Product Description:

Paperback. Pub Date: 2010 Pages: 288 Publisher: John Wiley Kids Wealth and Consequences provides experts guidance to parents who are raising children in affluence and who want to ensure that their children have a responsible and mature attitude to money and finances. if (window.uet) {uet (be)} if (window.onLdEnd) {if (window.addEventListener) {window.addEventListener (load.window.onLdEnd.false)} else {if (window.attachEvent) { window.attachEvent (onload.window.onLdEnd)}}} if (window.ueh) {ueh (0.window.load.window.onLd.1)} if (window.ue_pr && (window.ue_pr 3window.ue_pr 4)) {window.ue._uep ()}; Contents: Preface: From Crisis to Prevention: The Transformation of Two Cardiologists.

From the Back Cover:

FOR WEALTHY FAMILIES, THE STAKES ARE HIGH

Inherited wealth can be a blessing or a burden. Money can provide education, comfort, travel, and culture; or it can drain ambition and meaning, cause guilt, or instill a toxic sense of entitlement. The question becomes how to raise children with a sense of reality and balance.

Kids, Wealth, and Consequences shows high-net-worth parents how to provide their children with the monetary and psychological skills needed in today's complex world and to instill a strong work and philanthropic ethic. At the same time, parents will discover how their own choices and attitudes about money affect their children's ambition, motivation, and values.

The book covers not only the financial issues but also parents' intellectual and emotional challenges, as well as how all three relate to and affect each other. In the end the goal is to help high-net-worth children become responsible, well-adjusted stewards of family wealth.

"A much needed addition to the field. The authors explore some of the unintended consequences, often ignored in other books, that wealth may have on children--such as unrealistic expectations, failure to become producers of new wealth, or a lack of skills and confidence needed to become productive and independent."
-- Judy Green, Executive Director, Family Firm Institute, Inc.

About this edition

• Publisher: Kogan Page
• Publication date: 2010
• ISBN 10: 1576603482
• ISBN 13: 9781576603482
• Binding: Hardcover
• Edition number: 1
• Number of pages: 288