The Wealth Preservation Mindset: How Successful Wealthy Families Build Generational Wealth Differently
What Is the Wealth Preservation Mindset? During my seven years working in a family office advisory group, I reviewed hundreds of balance sheets from wealthy families. What struck me most wasn’t how much money they had, but rather how fundamentally differently they thought about money compared to most people. The difference wasn’t subtle. These families […]
Why Financial Planning is Important for Young Adults
It’s never too early to start thinking about your financial future. In fact, financial planning is especially important for young adults who are just starting out in their careers. There are a number of reasons why it’s important to have a solid financial plan in place, and we’ll discuss some of them in this blog […]
The Financial Conversation Most Families Avoid, and Why It Matters More Than Ever
There are certain conversations families have naturally. They talk about careers, health updates, weekend plans, and what’s happening with the kids. Money, though? That’s different. Even in close families, financial conversations are usually sidestepped. Not because people don’t care, but because bringing it up feels awkward, intrusive, or just plain uncomfortable. At Catalyst Advisory, we […]