17 01, 2018

Too Early (or Too Late) for the Inheritance Conversation

By |2023-09-05T22:42:17+00:00January 17, 2018|Family, Impact of Wealth, Inheritance, Wealth, Wealth Transfer|Comments Off on Too Early (or Too Late) for the Inheritance Conversation

In The Opposite of Spoiled, Ron Lieber referenced several studies that showed that as early as age 3, children had begun making assumptions about class as it relates to money. By Age 6, children had begun keeping score of possessions and judging accordingly. By Age 11 or so, many had begun to assume that ambition was linked to social class. And by Age 14 […]

31 10, 2014

PANKs and PUNKs: What Are You Talking About?

By |2023-09-05T22:24:29+00:00October 31, 2014|Inheritance, Wealth|Comments Off on PANKs and PUNKs: What Are You Talking About?

Cameron Diaz, who has no children, was present at the birth of all her three nieces and admits she spoils them rotten. “Whatever they want, they get. I cannot resist … being an aunt is the most important role in my life.”

While over­indulging and spoiling our nieces and nephews feels wonderful, what is the long-­term impact, as they become young adults? Many PANKs and PUNKs are already making annual gift […]

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