Todd Martin is an American retired tennis player. He reached the men’s singles final at the 1994 Australian Open and the 1999 US Open and achieved a career-high singles ranking of world No. 4. On a related note, Kobe Bryant was interviewed a few years ago on the Tennis Channel regarding his book Legacy and
Read moreWhat can the Rising Generation learn from John Starks?
John Starks is a New York Knicks legend. He is 6′ 3″, played about eight seasons with the Knicks, and was known for his tenacity and grit. It was during a 1993 playoff game against the Chicago Bulls (and yes, Michael Jordan) that John dribbled the ball the length of the court and with fifty
Read moreWhat can Family Leaders learn from John Maxwell?
Recently I had a chance to meet John Maxwell. The night I met John, he spoke to an audience about his new book, Change Your World. During his comments he said: “When you stop loving your people, stop leading your people.” I quoted John Maxwell in my first book LEGACY. He said, “Leaders wake up
Read morePivot Pow-Wows – Opening Up Family Conversation Again
INTRODUCTION: As you know, the US is implementing a three-phased approach to reopen the economy after stay-at-home orders are lifted. Just as the US is saying it’s time to open our economy, it’s time for us to open up family conversation again. In Phase 2 conversations, we grapple together with honesty about our response to this current
Read moreFamily “Quarantine” Time – Day # 11 Idea
By way of reminder, Day # 10’s Idea focused on helping families create a meaningful conversation with their tween and teenage children. We asked our younger children the questions and their responses blew us away…we were very encouraged! Day # 11 Idea Today’s idea provides an opportunity for families to create a fun, shared experience,
Read moreA Values Script for Families
It has been a hectic week. Your client and his wife are coming to your office for a meeting at 1:00 P.M. today. He sends you an email to inform you that he plans to bring his young adult kids, who happen to be in town for the week, along to the meeting. He asks
Read moreReflections of a NextGen’er
After delivering the morning keynote at Invesco’s Investment Symposium today, my O’hare-bound Uber drove past the Intercontinental Hotel, which flashed a memory from my past. Twenty years ago, I attended a family foundation conference at that hotel. I laughed to myself, thinking the name tag I wore that week should have read “Help me. I’m
Read moreLaunching 20-Somethings into the “Real World”
Legacy Capitals has been serving financially successful families for many years by helping them to work through topic such as family governance, family values, family philanthropy, family dynamics, and family business, and preparing the rising generation for the opportunities and responsibilities that come with wealth. All too often, families and the advisors who serve them,
Read more5 Tips for Engaging in Family Philanthropy
In an article published by Legacy Capitals titled, Engaging Families in Philanthropy 3.0, we write: When people think of philanthropy, they typically envision affluent people writing large checks to nonprofit organizations, but the true scope of philanthropy has far greater impact and complexity. Etymologically, the word philanthropy refers to the love of humanity or promoting
Read more4 Family Wealth Preparation Tips for Millennials
In chapter five of my book Legacy, I address the question that is on the hearts and minds of parents, especially parents of financially successful families, and that is: How do I prepare my children for the opportunity and responsibility of wealth? I addressed this question in a prior blog titled: 4 Parenting Tips for
Read more4 Parenting Tips for Financially Successful Families
In chapter five of my book Legacy, I address the question that is on the hearts and minds of parents, especially parents of financially successful families, and that is: How do I prepare my children for the opportunity and responsibility of wealth? Here are four of the ten tips provided in my book. Principle #
Read moreA Script for Meaningful Family Conversations
When people have infant children at home, they tell themselves that the next stage of parenting will be easier—more sleep, less worry. They, of course, are wrong (but we should probably wait a few years to break the bad news to them). When parents of school-aged children run taxi service to afternoon activities, offer assistance
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