Wealth Planning

How Much Money Do You Need To Be Wealthy?

How Much Money Do You Need To Be Wealthy?

According to a recent survey from Charles Schwab [referenced in an online article by Financial Advisor Magazine], “…respondents said that on average being wealthy means having a personal net worth of $1.9 million. That’s down from $2.6 million in the prior year’s annual “Modern Wealth Survey.” “Survey participants also lowered the bar for how much

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Help Your Children Fail!

Help Your Children Fail!

“If your organization can adopt the concept of intelligent failure, it will become more agile, better at risk taking, and more adept at organizational learning”         (Rita McGrath, Failing by design. HBR (2011):89.4, 76-83) Because of fear of failure and lack of know-how, many parents create the outcomes in their children that they

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