Whats In Store For The Wealth Of Future Generations ?
b'With Dr. James Grubman, Author of the forthcoming book: Cross Cultures: How Global Families Negotiate Change Across Generations
Dr. Jim Grubman of FamilyWealth Consulting is an internationally recognized educator in the multidisciplinary field of family wealth psychology. He works with affluent families and their advisors to understand the many ways that wealth and life can be integrated successfully across current and future generations.
He talks of the ground-breaking research that classifies the world\\u2019s cultures in three categories: the individualist culture that\\u2019s mostly associated with the West (Europe, North America and Australia) and is focused on individual needs, assertiveness, self-sufficiency, etc.; the collective harmony culture that\\u2019s mostly found in East Asia, China, Hong Kong, and Japan, which emphasizes the family and maintaining dignity in a social environment; and the honor culture that exists in India, the Middle East, Latin America, Russia and Eastern Europe, tribal cultures which have a heavy focus on maintaining family honor and functioning above individualism.
As globalism increases, cultures start to clash and challenge each other\\u2019s mores, especially in future generations, and Jim helps families frame such clashes to resolve such issues by focusing on shared interests to come to compromise solutions. Both generations need to give and respect the other\\u2019s perspectives and attitudes for harmonious living.
Using skills developed as a psychologist for over 35 years, Jim helps individuals and families work through the natural dilemmas of acquired or inherited wealth. He contributes thought leadership to many areas of wealth psychology, family enterprise governance, and wealth management to promote understanding of what individuals, couples, and families need as they become successful. His goal is to help those with good fortune achieve their greatest potential.
His book explores the similarities between newcomers to wealth and the journeys of immigrants to new lands, and outlines key steps families must take in raising well-balanced, responsible, and strong inheritors.'