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The next generation within wealthy families are often said to be born with a silver spoon in their mouths. Perceived as free from life’s toughest challenges. “Having it all.” But being raised in affluence brings a unique set of pressures and hidden tripwires. Great wealth casts a long shadow. Inheritors commonly face intense familial expectations, public scrutiny and judgment, and confusing or debilitating self-narratives, under which many flounder. And we—as family, friends, and society—slowly lose their contribution to our lives and the common good. The Myth of the Silver Spoon helps guide the next gen of the affluent, their families, and the ecosystem of professionals who influence them—wealth advisors, estate attorneys, tax attorneys, philanthropic advisors, family office professionals, and career coaches—to identify and confront negative thinking and behaviors related to wealth. Through new research, meaningful storytelling, and actionable concepts, Kristin Keffeler—an expert advisor, consultant, and certified professional coach to high-net-worth families—helps readers clear the internal and external clutter from their paths that accumulates from growing up with wealth. She shows readers how to: Put words to their difficulties and dismantle the hidden tripwires of affluence Address challenges at their root, including when raising children of their own, instilling guardrails against entitlement and feelings of helplessness Identify structures for finding and sustaining one’s own vision of a fulfilling, impactful life Privately held wealth has great potential to benefit society. But only if it is held by people able and willing to do good with it. Whether you’re a rising gen yourself or gifting this to a client, The Myth of Silver Spoon offers a compassionate discussion and a seven-step process for connecting a rising gen’s innate strengths to the embers of their hopes, so that they can move forward creating thriving and impactful lives.
Have you ever felt your kids were spoiled or ungrateful? Are your children overly focused on material possessions? Do your kids really understand the value of money and how hard it is to earn it? Are you concerned about your children's initiative and level of achievement? Do you worry that your kids won't be able to make it on their own? If you answered yes to any of these questions, then you are not alone. Many parents, just like you, well know how to succeed financially, but are still left with nagging concerns about how their prosperity will affect their children. This book offers a vital new program based on the Five Immutable Laws of Financial Parenting, practical principles to guide your every decision when handling your kids and money. Filled with valuable self-assessment tools and corrective prescriptions, the book serves as a timely, compassionate guide that will help you raise happy, well-adjusted and financially secure children, no matter what their age or stage in life.
The Meritocracy Myth challenges the widely held American belief in meritocracyOCothat people get out of the system what they put into it based on individual merit. Fully revised and updated throughout, the second edition includes compelling new case studies, such as the impact of social and cultural capital in the cases of George W. Bush and Barack Obama, and new material on current topics such as the impact of the financial and credit crisis, intergenerational mobility, and the impact of racism and sexism. The Meritocracy Myth examines talent, attitude, work ethic, and character as elements of merit and evaluates the effect of non-merit factors such as social status, race, heritage, and wealth on meritocracy. A compelling book on an often-overlooked topic, first edition was highly regarded and proved a useful examination of this classic American ideal.
From New York Times bestselling author Sam Kean comes incredible stories of science, history, finance, mythology, the arts, medicine, and more, as told by the Periodic Table. Why did Gandhi hate iodine (I, 53)? How did radium (Ra, 88) nearly ruin Marie Curie's reputation? And why is gallium (Ga, 31) the go-to element for laboratory pranksters? The Periodic Table is a crowning scientific achievement, but it's also a treasure trove of adventure, betrayal, and obsession. These fascinating tales follow every element on the table as they play out their parts in human history, and in the lives of the (frequently) mad scientists who discovered them. The Disappearing Spoon masterfully fuses science with the classic lore of invention, investigation, and discovery -- from the Big Bang through the end of time. Though solid at room temperature, gallium is a moldable metal that melts at 84 degrees Fahrenheit. A classic science prank is to mold gallium spoons, serve them with tea, and watch guests recoil as their utensils disappear.
The manager of The Motley Fool's Dividend Reinvestment Plan portfolio explains why direct investing is a cost-effective method for investors of all levels.
A parent's guide to raising financially responsible children in an age of unprecedented wealth It is natural as parents that we want to give our children the best of everything. And in an age of unprecedented wealth and easy credit, upper- and middle-income parents can indulge that urge like never before. Yet, you have become alarmed over the impact this newfound affluence may be having on your children. You fear that through your generosity you are training your children to be greedy, selfish spendthrifts. The first parenting guide to focus exclusively on this increasingly sensitive topic, Silver Spoon Kids was coauthored by a psychotherapist who counsels people with money-related emotional problems and a lawyer specializing in estate planning. Drawing upon their experiences as members of the renowned NYU Family Wealth Institute, they tell you how to talk to kids about money, how to teach them to handle it responsibly, and how to instill in your kids a sense of giving to their communities.
A Wall Street Journal Best Book of 2022: Politics • Winner of the 2024 Hayek Book Prize, Manhattan Institute Hailed by the Wall Street Journal as one of the best books of 2022, The Myth of American Inequality demonstrates that the federal government egregiously overstates the degree of inequality and poverty in the world’s wealthiest nation. In doing so, the authors--a former United States senator, eminent economist, and a former senior leader at the Bureau of Labor Statistics-- challenge the prevailing consensus that income inequality is a growing threat to American society. Getting the facts straight reveals that the key measures of well-being are greater than the official statistics of the country would lead us to believe. Income inequality is lower today than at any time in post- World War II America. The facts reveal a very different and better America than the one that is currently described by policy advocates across much of the political spectrum. The updated edition brings will challenge political debate throughout the 2024 election season and provide clear and convincing evidence that the American Dream is alive and well.
A comprehensive parenting guide for financially advantaged families. This fresh and updated book offers a clear nine-step program for affluent parents to improve their skills and inspire healthy values in their children. You will learn: How to make the time with your children count. How to motivate your children to develop confidence and competence essential elements of self-esteem. How to listen effectively to your children. How to talk openly and honestly with your children. When to say no and when to create boundaries for your children. How to teach your children the value of money and to prepare them for the responsibilities of wealth. How to create an effective disciplinary plan when problems arise. You will benefit from Dr. Hausners four decades of experience, and you will especially appreciate the humor, clarity, and practical suggestions that will make the challenges of your parenting easier and more effective.
One of the most savage critiques of Modernity ever written on so-called Democracy (in its many forms), Meritocracy, What is Truth - Fact or Fiction, the Mass Media and Individualism. Meaning in essence that Socrates famous axiom is as relevant today as it was in the past, which was according to Plato: 'that the unexamined life is not worth living'.