Passing the Torch Preserving Family Wealth Beyond the Third Generation

Sustain and grow your family’s capital throughout generations

Families need to have vision and foresight to sustain the family’s capital throughout generations. Unfortunately, many of them build wealth effectively but find, near the end of their lives, that it has little sustainability to prepare the next generations that will be the beneficiaries of their hard work.

Passing the Torch teaches high net-worth families how to foster a strong family dynamic to be truly generational. Inside, first-generation wealth creators will learn how to create a culture of sustainability and growth and endow subsequent generations with the tools and mindset necessary to prosper. Subsequent generations will learn how to receive the torch, sustain and grow the family’s capital and pass the torch to the next generation.

•    Discover the importance of emotional intelligence

•    Learn to view generational wealth from a behavioral lens

•    Transcend financial instruction to find a sense of purpose and direction

•    Map out your family’s legacy

Whether you’re consulting an advisor or taking matters into your own hands, this is the essential reference you need to sustain wealth for generations to come.

ILZE ALBERTS is a Wealth Psychologist, family expert and mentor, and international speaker. Her company, Ilze Alberts Incorporated, has attracted clients such as high-net-worth families, leaders of companies and political parties, and heads of prominent families. Ilze speaks at events hosted by wealth departments of banks, financial institutions, wealth conferences, and expos.

Foreword xi

Preface xiii

From Shirtsleeves-to-Shirtsleeves in Three Generations xiv

My Story xv

True Family Wealth xvii

Why Are You Reading This Book? xix

Chapter 1 What You Perceive Is Missing Drives You 1

Perceiving a Lack of Money and What That Can Ignite 3

The Power of Knowing What’s Most Important to You 7

Live Your Destiny and Leave Your Mark 12

Chapter 2 The Wealth Creator Extraordinaire 17

Live with a Vision and a Mission 19

Vision, Mission, Dream, and Legacy—Building Your Powerful Family 22

Chapter 3 The Genius of the Wealth Creator Extraordinaire 33

Traits of a Mentally Empowered, Intelligent Person 34

Understand and Apply Universal Principles 40

Chapter 4 The Wealth Creator Extraordinaire as a Business Leader 43

Unlocking the Leader Inside 43

How to Be a Great Businessperson 46

Chapter 5 The Wealth Creator Extraordinaire as a Money Manager 53

CHAPTER 6 The Wealth Creator Extraordinaire as a Family Leader 59

How to Build Powerful and Strong Family Relationships 60

Eight Keys to a Successful Marriage 64

Traits of a Family Leader 67

Chapter 7 The Wealth Creator Extraordinaire as a Social Leader 79

Guideposts for Leading 80

Tips for Leaders 83

Shaping Your Legacy 85

Philanthropy, a Thinking Man’s Gift to the World 89

Chapter 8 The Wealth Creator Extraordinaire as a Health and Vitality Leader 93

Healthy Eating and Drinking Habits 94

The Value of Exercise and Body Movement 96

The Value of Breathing 97

The Value of Rest and Restoration 98

The Body-Mind Connection 100

Is Gratitude the Key to Unlocking Happiness? 101

The Twenty-One-Day Gratitude-Habit-Forming Process 103

Chapter 9 A Conversation with Dr. John Demartini 107

Chapter 10 Principles of the Demartini Method: Based on Universal Laws and Truths 137

Principle 1 137

Principle 2 138

Principle 3 138

Principle 4 138

Principle 5 138

Principle 6 138

Principle 7 139

Principle 8 139

Principle 9 139

Principle 10 140

Principle 11 140

Principle 12 140

Principle 13 140

Chapter 11 A Conversation with James E. Hughes, Author of Family Wealth 141

Chapter 12 My Letter of Wishes for You 159

The Wealth Model 161

Afterword 163

Index 165

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