What Is This Thing Called Money?

What Is This Thing Called Money?

By definition, money is “any article or substance used as a medium of exchange, measure of wealth, or means of payment.” Money makes complete sense to us today but it has taken us around 3,000 years to get here. Prior to money, bartering was the means by which people exchanged goods or services. Bartering involved a direct trade and required finding another person or community who wanted or needed the goods or services being offered.  It worked but not always very efficiently. More …
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Legacy Planning Is a Journey, Too

Legacy Planning Is a Journey, Too

It’s certainly well known and by now is probably bordering on the cliché: “Life is a journey, not a destination. “ But over usage hasn’t changed the basic meaning of the phrase. While there are a number of nuanced interpretations, basically life’s journey is simply how life – and the person living the life -- progresses from one situation to another, filled with circumstances, positive and negative, effortless and challenging, successful and unfortunate. More …
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You Are Your Legacy

You Are Your Legacy

“Be the change you wish to see in the world.”

The quote is attributed to Ghandi in his fight for non-violent independence. But to me, it is an inspiration for a parenting style that I very strongly believe in.

Whatever you want your children to be, you must be those things first.

Children learn in a number of ways. One of the main methods of learning is by modeling. Your children watch what you and other adults around them do. They, then, copy or “model” the behavior. It’s why a child will mime Mom putting on lipstick or Dad shaving. More …

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Your Future Starts With How You Live Your Legacy Today

Your Future Starts With How You Live Your Legacy Today

Most of us think of a legacy in terms of the future, of when we’re gone. We worry about what sort of financial inheritance we’ll be able to leave; what traditions and values have we left behind for the next generation. But, in reality, a substantial part of your legacy is how you live right now. More …
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Five Legacy-Planning Mistakes Women Make

Five Legacy-Planning Mistakes Women Make

Women are increasingly taking control of household financial management.
  • According to the RBC 2017 Wealth Transfer Report, 98% of high net worth women (households with investible income in excess of $4 million) are either the sole or joint decision-maker on daily banking.
  • According to a U.S Trust survey, women currently control approximately $14 trillion in assets and that amount is expected to increase to $20 trillion by 2020.
Yet, when it comes to estate and legacy planning, women seem to be lagging behind. More …
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