Nothing happens without relationship. Our goal should be to spend time with our children to build a stronger connection and grow our relationship. Enter your child’s world and grow in your understanding of their values, interests, and preferences. Allow them to be themselves. At some level our child’s world differs from ours, perhaps drastically. Our priority is to love and support our children unconditionally even if their values and beliefs differ from ours.
The recent Olympic 4 x 100 men’s relay is a great metaphor for family wealth transfer. You can have great team members but if the baton is not transferred well, you will have a disappointing finish. Are you and your heirs prepared for the hand off?
An irony of life is we do not know when it will end. Yet we typically live as though it won’t. Don’t assume you have a lot of time to work on the items required to finish well.
If we slow down enough to consider what we value most, we recognize that loved ones and relationships are our most valuable assets.
The recent federal budget had enough changes that I want to give you a summary of the key items that could impact higher net worth families. Here’s what you need to know.
It is hard to walk the fine line between using our money to bless our kids and over doing it such that our financial blessing starts to become a curse. Consider these three steps to keep your money from wrecking your kids.
The demands of all the urgent things in our life keep us from focusing on the important things. After nearly 30 years providing financial advice, I believe the following four questions are the most important to ask. These four questions, if properly answered, will change your financial future and likely the health of your family relationships.
You have spent years, likely decades, overcoming challenges and building a successful business. Congratulations! You have accomplished an amazing feat very few people achieve. However, your greatest challenge may lay before you: successfully transitioning to the next phase of life. Read more to find out How To Realize A Massive Return On The Sale Of Your Business.
Summer is an awesome time of the year! Think back to your favourite memories. I’ll bet some involve two things – summer and important relationships. Whether it’s time at a cottage, camping, or a trip to grandma’s house, we are wired to cherish relationships. One of the things we value most, as parents, are love and harmony throughout our family and rich times together to enjoy it.
Although we are in the midst of a global pandemic that has been the source of great human loss, massive disruption, forced changes and challenges on most fronts, I find our environment in Canada to be one of the best, if not the best, in the world. I have an extensive list of reasons to be thankful.
