Our recent Dinner Forum at TopGolf, “Preparing the Next Generation: So Wealth Doesn’t Screw Up Your Kids,” was nothing short of a resounding success. It was an event to remember with a great turnout, an evening filled with fun and insightful discussions, valuable takeaways, and great golfing!
One of the key highlights of the evening was the exceptional content delivered by John Nersesian, whose wisdom on raising financially responsible and grounded children struck a chord with everyone present. John’s approach, rooted in teaching the difference between needs and wants and instilling values beyond material wealth, resonated deeply with the audience. He emphasized the importance of learning to say no to children (and young adults!) when necessary, a crucial lesson often overlooked in affluent households.
We focused on a holistic approach to parenting, extending beyond mere financial provision to nurturing values such as education, health, and philanthropy. We discussed adjusting parental support as children transition into adulthood and shed light on the evolving dynamics of family relationships.
Central to John’s philosophy is the crucial role of financial education in preparing the next generation for responsible stewardship. Teaching children the fundamentals of budgeting, including spending, saving, and giving, equips them with essential life skills that transcend monetary wealth. Moreover, his idea for inviting the next generation to plan the family vacation within a budget was a practical takeaway.
The heart of our Dinner Forum lay in the engaging table discussions around questions like: What kind of family do you want to become? How are you passing on your values and expectations? Table conversations also included deeper discussions on family business practices.
Helping families Build Family Muscle is at the core of what we do, which includes having crucial, often difficult conversations. We specialize in guiding families through the complexities of family, management, and ownership transitions. It’s not just about preparing family members to have the competencies and character to steward your legacies and businesses forward; it’s about cultivating a shared vision and values that transcend generations.