I see a lot of women carrying branded handbags and wearing designer clothes, striding confidently, wearing the logo (or logos) like a badge of honor. Some can afford the luxury items; some can’t. The quality of the products is generally good, sometimes superb. Nevertheless, how much something is worth is always in the eye of … More The Brand Ambassador and The Logo
Gentlemen, please. Know that among the most important things in making a good first impression is the quality of your shoes. You will smile, shake hands, and speak. But before that, the person opposite you will make about a dozen visual observations and assessments, or so say researchers who study things like this. Believe them. … More Old Money: Wardrobe Warning
Hi Mr. Tully, I wanted to say thank you a lot for your book and your blog. The book was a gift from my uncle in Vermont. It’s really made a huge difference for me and he thought now would be a good time to write you. I inherited a large amount of money this … More (New) Old Money: In Their Own Words
Readers of this blog have mentioned more than a few times that they’d like to know more about issues that relate to Old Money culture and raising children, specifically how and when to talk to them about money. I’ll put myself immediately in the position of Armchair Quarterback here: my wife and I don’t have … More Old Money Children: The Conversations
Over the past few weeks, I’ve received a few emails from friends and readers of the blog about how to handle a financial windfall. A few were simply curious. A couple were actually facing the situation and needed grounded and impartial advice. In The Old Money Book, I proposed, after an initial consultation wth a … More Second Opinion: The Financial Windfall
My family lives in the South, and we’ve been lucky enough to have had good careers, good investments, good educations, and good marriages for a couple of generations now. To my friends from New York City, we may resemble gentrified hillbillies, but we’ve traveled, read, and quietly tried to contribute to the quality of life … More Old Money: In Their Own Words
I had breakfast the other day with a friend of a friend. His family has managed an inheritance pretty well for the past two generations, and he’d been steered to the Old Money Book blog. While he freely admits he barely graduated from college (he liked to party), he’s now a successful real estate developer, … More The Custodian Mindset
When an unexpected windfall, dramatic increase in income, or sharp, upward change in circumstances of any financial sort hits, it can be intoxicating and disorienting. It’s called being New Money, and the symptoms are predictable. Good judgment is often the first thing that suffers. The challenges that face New Money are legion, but by far … More New Money’s Biggest Challenge: The Unsustainable Lifestyle
Here’s a great article about Old Money families who aren’t anymore, as well as those who are working hard to make sure they stay that way. Tom Rogerson, pictured in our featured image, works for Wilmington Trust, and endeavors to preserve his clients’ wealth, and legacy. From The Wall Street Journal. Enjoy. LATE EDIT: Below … More Lost Inheritance
I’ve received a few emails lately that ask basically the same question: why does Old Money live the way it does? I may have addressed this in a previous post (or two), but the question is a critical one, and answering it is important. Most of the people asking have read The Old Money Book … More Living Old