Wealth Is a Gift

Wealth Is a Gift

I feel fortunate because I get the opportunity to work every day with wealth creators.

These are passionate, intelligent, talented, and creative people. Though they all have different backgrounds and experiences, they have one thing in common—they have received significant financial rewards. 

Many of them are first generation and even “accidental” wealth creators. Some worked very hard to get where they are. Some would consider themselves to be lucky when comparing their rewards to the effort expended.

Regardless of how they acquired the wealth, one thing is certain—wealth is unequivocally a gift.  Which raises the question, how do you make sure you don’t squander the gift?

Stated another way, how do you maximize the gift?

Most people aren’t sure.  In general, they’ve been offered practical solutions to help them manage the gift.

Are you maximizing the gift, or just managing it?

Managing the gift of wealth and maximizing it are very different.

Managing the gift would include things like stock option exercise planning, asset allocation strategies, tax efficient investment and college education savings alternatives, and insurance coverage reviews—all valuable things to do.  Let me be clear: These are all valuable and practical actions to take. 

But at the end of your life, you likely won’t look back and remember the various strategies and solutions to manage this gift you have been given.  You will look back and evaluate whether or not you used the gift to pursue your passions, do the things you love, and to impact your world.

Having the “Belief Conversation”

To allow people with wealth to explore these issues, we encourage them to have what is called the “Belief Conversation.”  This is unique process that was developed by Doug Davidoff and our marketing consulting team at Imagine, LLC.   

It goes like this. Imagine its 30 years from now, August 2039. You and I are having coffee.  You are looking back and telling me about your life and how you have lived with meaning and significance.  What things have given you the greatest joy, pride, satisfaction? 

Think of these things as the target of your life’s aspiration.

It’s worth thinking about: Are you doing the things today that will move you towards these key objectives?  If you are not…you may be squandering your gift.

John Christianson
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