Tag: Money management

5 Things You’ll Need to Know and Teach Your Children If You Want to be Old Money

January 18, 2016

Recent data suggests that 70% of generational transfers of wealth fail. What does that mean? That means that most of the time the wealth that you spend your entire life creating, growing, and preserving will be gone to the wind a few short years after your death. Why? There are a multitude of contributing factors … More 5 Things You’ll Need to Know and Teach Your Children If You Want to be Old Money

Funny, But Not Old Money

October 27, 2015

“I spent a lot of money on booze, birds, and fast cars. The rest I just squandered.”     –   George Best, professional soccer player, 1946-2005.

The Rewards of Living Like Old Money

October 21, 2015

I talk a lot on this blog and in The Old Money Book about the things Old Money doesn’t do and doesn’t spend money on. Don’t buy the latest fashions. Don’t buy new cars. Don’t waste money on this. Don’t spend money on that. Maybe it can all get a bit depressing. Certainly, we all … More The Rewards of Living Like Old Money

5 Obstacles to Financial Independence

October 15, 2015

Honestly, we could name 500 obstacles to financial independence. Such is the world we live in. But for the sake of simplicity and brevity, let’s hold it to five, and avoid those on the road to being new Old Money. In no particular order of importance, they are as follows: Trouble with the law. As … More 5 Obstacles to Financial Independence

Somebody Needs A Copy of The Old Money Book

July 24, 2015

Josh Smith Discusses His Upcoming Struggle To Survive On $6.9 Million #PrayForJoshSmith Justin Block Sports Editorial Fellow, The Huffington Post Posted: 07/24/2015 | Edited: 1 hour ago Somehow, some way, Josh Smith and his family will have to figure out how to survive on just $6.9 million during the upcoming NBA season. During a Los … More Somebody Needs A Copy of The Old Money Book

Old Money: In Their Own Words – Part 4

June 7, 2015

An OMG shares his memories of his youth and the values that were handed down from his family. “It is weird growing up with old wealth. The way I was raised was like this, I received lots of gifts for my birthday and Christmas. I usually got gifts that would help me to become a … More Old Money: In Their Own Words – Part 4

Old Money: In Their Own Words – Part 2

April 7, 2015

This is the second in a series about growing up in an Old Money home. The contributors remain anonymous. My mother’s side started one of the top ten banks and my father’s side consists mainly of financiers and business owners, but 200+ years ago we were politicians. We have at some point in time also … More Old Money: In Their Own Words – Part 2

Old Money: In Their Own Words

March 4, 2015

As you all know, this blog is about the values, priorities, and habits of Old Money. Obviously, these posts are from my perspective and based largely on my experience. That being said, I thought it might be helpful to include comments from others who grew up in an Old Money home. There are some real … More Old Money: In Their Own Words

Dysgradia Syndrome – Where You Won’t See It

January 3, 2015

Dysgradia is a syndrome that most often arises in children whose parents are very affluent and in some middle class children who are just plain spoiled. Its definition is, in everyday terms, the disconnect between accomplishing something and enjoying the subsequent reward. It is the opposite of self-sufficiency. Children suffering from dysgradia enjoy the benefits … More Dysgradia Syndrome – Where You Won’t See It