“Wisdom is not a product of schooling but a life-long attempt to acquire it.”
-Albert Einstein
Balentine Resources on Wealth, Family & Legacy
Parenting for Healthy Affluence
We always seek to make things better for those we love. Unfortunately, giving kids every opportunity and privilege without questioning puts children at risk as they grow. How do you know if you’re on the right track teaching your own children about the value of money? Consider this yardstick: You want to give your children enough that they can do anything, but not so much that they can do nothing.
Wealth & Legacy Guide
Regardless of any towering success they might have achieved in business, philanthropy, or wealth creation, many grapple with how to create meaningful dialogue with those closest to them and knowing what to broach, when. This series explores the more human side of wealth and legacy within families.
Family Philosophy of Wealth
Typically, a philosophy of wealth includes a family’s mission, values, and ultimate desired legacy. What do you want your grandchildren’s grandchildren to know about you? It is especially important for a first generation wealth creator, such as an entrepreneur who has sold his company, to chronicle how the prosperity was created.
Balentine’s Cardinal Rules of Investing
These timeless reminders serve to guide viewers how to invest wisely. Our Investing Cardinals share our most fundamental thinking around investment philosophy, strategy and implementation to preempt the inevitable question of “How should I invest my portfolio today?”
Would you like a copy of our Cardinal Rules of Investing?
Balentine’s Building a Legacy Document
A legacy document should be bespoke to your family. This may take the form of a family mission statement, constitution, or other document. See examples of starting questions we often ask when helping clients create one of these artifacts, and a sample of a family constitution.
Books & Podcasts We Found Valuable
Wealth, Actually
Frazer Rice of Pendleton Square Trust created the Wealth, Actually series, interviewing experts, entrepreneurs, and creatives. Recently he hosted Balentine’s President Brittain Prigge to discuss the art of navigating crucial conversations and the role of communication and expectations with wealthy families.
Borrowed from Your Grandchildren
In Dennis Jaffe’s book about the 100-Year Family Enterprise, families share how they have maintained and grown their wealth through generations. Borrowed from my Grandchildren is a fascinating look at how large, long-lasting business families succeed across generations.
Strangers in Paradise
Dr. Jim Grubman, a prominent wealth psychologist, authored Strangers in Paradise - an innovative approach to the challenges facing wealth’s “immigrants and natives.” Strangers in Paradise outlines for the first time how the key process for families of wealth - like all immigrant families - is adaptation.