We all have spending constraints. This post describes 5 ways a family office will improve your spending habits. Why improve spending habits? Because, we should all live “within our means”, even when we’re rich. This means spending less than what we make. When you’re wealthy, it can feel like you have few financial constraints. Afterall, your income is very high, and you can...
If time is money, how would you spend your time when you have unlimited money? What would you do if you won the lottery or your business took off and you became wealthy? How would you live your life after you inherit wealth? Many people answer these questions by describing the ways they would spend the money from their lottery winnings,...
Financial failure stalks wealthy families because most don’t have a wealth management process designed to protect their capital. This post describes a way of thinking that will protect your wealth and generate income from your investments to support your lifestyle. Live Within Your Means Early in my career on Bay Street I was introduced to a wealthy client whose billionaire father gave...
