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unHeritage – 11 Pitfalls to Family Legacy and How to Avoid Them
“unHeritage is definitely the lighthouse for protecting your family and wealth for generations. This book is a must read for anyone interested in legacy planning.” Enzo Calamo
Center for Family Conversations
The Center for Family Conversations (CFC) is a resource center that provides the integral tools and ideas in helping families establish a 100-year-plus Family Legacy Plan.
THE TYCOON PLAYBOOK – How Business Empires Are Built
The Tycoon Playbook course was created for business families who are already running a successful business and wish to ramp up their growth while preserving wealth for future generations. Specifically, the Playbook teaches high performance business owners the two most highly rewarded skills in business, namely deal-making and how to acquire cash flow producing business assets.
Today, many people are saying that Americans are losing their values. We are told to focus upon our values to get our life back on track. But should we be focusing on values or virtues? I would propose that most people do not understand the difference between the two. I would propose that we instead focus upon virtues! In a sense, values come from a personal perspective and can and do change from time to time. Let me provide an example: Someone in their 20’s might determine that he/she wants his/her children to obtain a college education from a public school. After 10 to 15 years of good family earnings, this person now decides that he/she wants the children to have a degree from a private college with specific courses to complement the child’s interests. The values here changed in two dimensions, first the ability to fund for a better school occurred, and secondly, the desire to match the child’s talents with the school’s curriculum became important. Values-based moral education programs exemplify the modern conviction that morality is nothing other than the art of making good choices, which are guided entirely by one’s own values. The problem is that values fall short when it comes to making men and women moral. Having good values is a fine thing, but the battle of morality is not so much about knowing what is right as it is doing what is right. The difference between wanting to do good and actually doing it is tremendous. Thus, many men who commit adultery know what they are doing is wrong (no need for value clarification), but they are unfaithful despite their values. Right values do not always translate into right action! Values alone will not suffice. Man’s fallen nature puts us in a challenging position when we try to operate from knowledge alone. Saint Paul put it this way: We know that the law is spiritual; but I am carnal, sold under sin. I do not understand my own actions. For I do not do what I want, but I do the very thing I hate . . . I can will what is right, but I cannot do it. For I do not do the good I want, but the evil I do not want is what I do . . . Wretched man that I am! Who will deliver me from this body of death? (Rom.7:14-15, 18-19, 24). Virtues, on the other hand, do not change no matter what the circumstances! The virtuous life is critical because it is the path by which we reach the final purpose of life, eternal happiness. Every person is created for happiness, but final and complete happiness comes only after a life directed to the good that lies beyond our immediate needs or wants. Aristotle argued that substantial happiness and human flourishing could only be grasped through the virtues! A virtue is a good, habitual action of the will, and not […]
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The Family Compass by Jerry Nuerge Families often lack a compass for navigating through potential distractions. Most high net worth people believe that if they have signed all their trust documents and wills, they have taken care of their future. After all, their attorneys and CPAs have assured them that the maximum amount of financial assets will be transferred to their spouse and then to their children with as little loss to the tax man as possible. Unfortunately, research shows that only ten percent of financial assets make it to the fourth generation. A family’s values are just as important as those of a corporation, but they receive far less attention. I have found it more beneficial to families to focus on three often ignored components that have the potential to extend a legacy indefinitely: 1) What are your values? 2) What virtues will we pursue? 3) What do we want our family story to be? Collectively, these are family brand equity, the core of a family’s culture. The values define the family, the virtues build the family, and the story describes the family. VALUES Rather than elevate whatever human values are currently in vogue in our culture, we identify our family’s values based on the evidence of our calendar and pocketbook. VIRTUES Virtues are frequently underestimated in importance. Aristotle argued that substantial happiness and human flourishing could be grasped only through the virtues. King Solomon stated it this way: “My son, do not forget my teaching, but keep my commands in your heart, for they will prolong your life many years and bring you peace and prosperity. Let love and faithfulness never leave you.” (Proverbs 3:1-3) The battle of morality is not so much about knowing what is right as it is doing what is right. STORY The family story is a crucial component. Think of the family story as an ongoing stream of past, present, and future stories of family members woven together. These stories, infused with the family’s values and virtues, provide a sense of identity as well as motivation to not be the generation that weakens the heritage. Imagine the priceless joy when family brand equity is the focal point of our transfers to the next generation! These assets empower families to live intentionally productive lives for multiple generations. To learn more about the Center for Family Conversations and the new book, Unheritage, click here. WHY YOU SHOULD LISTEN TO JERRY? Jerry Nuerge is founder and owner of the Financial Independence Group. He is also the creator of the Wealth Integration and Transfer System™, the Generation Connection Process™, as well as the Revenue Retrieval System™. Jerry holds a BBA and MBA degree, holds the Chartered Advisor in Philanthropy (CAP), is a Chartered Life Underwriter (CLU), a Chartered Financial Consultant (ChFC), a Certified Family Wealth Counselor (CFWC), and a Registered Investment Advisor (RIA). He […]
Changing Conversations About Estate Planning Changing estate planning conversations to focus on your values and goals can help establish what matters most to you and what you would like your legacy to be.
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There’s a difference between interest and commitment
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Enzo Calamo Is A Best Selling Author
Enzo Calamo is the Best Selling co-author of "How To Create Infinite Returns In Real Estate Using The Secret Asset: How To Recover All Business and Personal Expenses Using The Secret Asset" This is a must read for every affluent investor.
FAMILY OFFICE OF THE YEAR
Lugen Family Office was recognized as the Family Office of The Year in 2016 in Canada by Wealth and Finance International Magazine
Enzo Calamo Is A Gold Award Curator
Scoop.it describes Enzo Calamo "as a rock star of content curation."
Lugen Family Office is the Most Trusted Online Curator on Legacy Planning, Wealth Management, Financial Literacy, Family Business, Philanthropy, Technology Trends, Healthy Living, and the UHNW.
ALL POSTS ARE CURATED BY ACTUAL EXPERTS!
Check out our 11 Gold Award UHNW Newswires.
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