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Family Prosperity Podcast

86 Episodes

12 minutes | Nov 20, 2020
When To Split Up
In this podcast, Mason talks about how to split up without falling apart or turning everything into one big bureaucracy. At some point, you can't bring everything to the meeting table. Your family will be dealing with multiple businesses, households, and events. Walking the tightrope between becoming disconnected and getting overwhelmed is almost impossible. For family boards, there are some rule-of-thumb that work really well to find out whether you need to split off, and how much to do so. If you can stay focused on your top-line objectives, you won't get overwhelmed by minutia. At the same time, when you do decide to create a new committee, move into a new home, or start a new business, you can't cut people out of the loop. FOLLOW Family Prosperity Partners everywhere: Facebook: Business Page: https://www.facebook.com/Familyprosperity Public Group for Families: https://www.facebook.com/groups/familybizgroup Private Group for Clients: https://www.facebook.com/groups/familyprosperity LinkedIn: https://www.linkedin.com/company/19139744 Subscribe to the Podcast: Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0 Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHg RSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
13 minutes | Nov 17, 2020
Don't Be A Slave To Money
Are you making decisions about your money or is your money making decisions for you? There can be times where we wonder if our business is running us or if we are in control. It is very important to keep perspective and not fall into this trap. Are you reacting to the economy and news more than you are executing your plans for the future?Michael discusses this in today's podcast.FOLLOW Family Prosperity Partners everywhere:Facebook:Business Page: https://www.facebook.com/FamilyprosperityPublic Group for Families: https://www.facebook.com/groups/familybizgroupPrivate Group for Clients: https://www.facebook.com/groups/familyprosperityLinkedIn:https://www.linkedin.com/company/19139744Subscribe to the Podcast:Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHg RSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
16 minutes | Nov 6, 2020
Saving A Disaster Plant
In this podcast, Mason goes over a story from his Dad's career as a corporate fixer-upper. This particular plant was one of the most difficult cases his company had ever encountered. Things got so bad that a plant manager committed suicide due to the pressure of failure, and his supervisor walked off the job out of guilt. At first, a highly skilled officer was brought in out of California, but he didn't have the qualities it takes to turn around a problem plant: commitment and respect for execution. A new leader had to be found, and in this case, he was found from within the plant. He was committed, knew the process, and had the potential to grow. By developing his knowledge, giving him the authority and responsibility he needed, and by allowing him to grow, this plant achieved what turned out to be an almost impossible task. Lessons from this story apply directly to Family Business. You can learn how to make leaders that will allow you to step back confidently and grow your family and business. FOLLOW Family Prosperity Partners everywhere: Facebook: Business Page: https://www.facebook.com/Familyprosperity Public Group for Families: https://www.facebook.com/groups/familybizgroup Private Group for Clients: https://www.facebook.com/groups/familyprosperity LinkedIn: https://www.linkedin.com/company/19139744 Subscribe to the Podcast: Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0 Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHg RSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
20 minutes | Nov 3, 2020
Want perfect leaders?
It is a rare thing to have the perfect leadership qualities in one person these days. How many times can a Steve jobs, Henry Ford, or Jaime Diamond be born? More likely, there will be desireed traits in many different people. There is also a talent for execution versus a talent for strategy. How should your family navigate this problem?FOLLOW Family Prosperity Partners everywhere:Facebook:Business Page: https://www.facebook.com/FamilyprosperityPublic Group for Families: https://www.facebook.com/groups/familybizgroupPrivate Group for Clients: https://www.facebook.com/groups/familyprosperityLinkedIn:https://www.linkedin.com/company/19139744Subscribe to the Podcast:Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHgRSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
11 minutes | Oct 30, 2020
Getting Back On The Horse
In this podcast, I discuss how lapses are natural; especially in a team. Unlike when you fail and it only affects you, failure in a family team can be complicated. Oftentimes, the solution to the problem is counter-intuitive. Rather than punishing ourselves and our family, we have to make it easier to start again, and positive to re-engage in the discipline of Family Governance. Every family and every person has lapses. They’re natural. You just can’t let those lapses turn into downward spirals that will crash and burn the whole family enterprise. I know I would have liked to hear this message when I was not doing everything I could, or when I felt disappointing in the progress of my family. You can catch lapses earlier, and make people feel safe and confident to own up to their shortcomings and move forward. FOLLOW Family Prosperity Partners everywhere: Facebook: Business Page: https://www.facebook.com/Familyprosperity Public Group for Families: https://www.facebook.com/groups/familybizgroup Private Group for Clients: https://www.facebook.com/groups/familyprosperity LinkedIn: https://www.linkedin.com/company/19139744 Subscribe to the Podcast: Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0 Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHg  RSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
24 minutes | Oct 27, 2020
3 Family Business Stages
In today's podcast, Michael walks you through the typical life cycle of a family business. Each stop along the way presents many challenges and opportunities. Successfully navigating these will decide your family's future. Family governance can equip you to handle each of these challenges.FOLLOW Family Prosperity Partners everywhere:Facebook:Business Page: https://www.facebook.com/FamilyprosperityPublic Group for Families: https://www.facebook.com/groups/familybizgroupPrivate Group for Clients: https://www.facebook.com/groups/familyprosperityLinkedIn:https://www.linkedin.com/company/19139744Subscribe to the Podcast:Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHgRSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
12 minutes | Oct 23, 2020
Did I Lie About Family Failure?
Why are some experts saying this statistic is misleading? In this podcast, I talk about a discussion happening in the Family Business space: The “70% of family businesses fail to transition” statistic is misleading. A critical look at a highly cited statistic in the Family Business space is making the rounds after some advisors claim that entrepreneurship is the solution to long term family success. They claim that the statistic of successful transitions does not take into account the tendency for families with businesses to be more entrepreneurial. This criticism, though, is just more evidence that highly successful families are highly successful. Families with already successful businesses are far more likely to succeed in a new venture because they support each other with resources and experience. It doesn’t make sense that families should have to start over every generation. Long-term success does not look like a series of gambles made one at a time over and over again. Family Board Starter Pack: https://shop.familyprosperitypartners.com/products/diy-family-board-starter-pack FOLLOW Family Prosperity Partners everywhere: Facebook: Business Page: https://www.facebook.com/Familyprosperity Public Group for Families: https://www.facebook.com/groups/familybizgroup Private Group for Clients: https://www.facebook.com/groups/familyprosperity LinkedIn: https://www.linkedin.com/company/19139744 Subscribe to the Podcast: Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0 Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHg  RSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast In this podcast, I talk about a discussion happening in the Family Business space: The “70% of family businesses fail to transition” statistic is misleading. A critical look at a highly cited statistic in the Family Business space is making the rounds after some advisors claim that entrepreneurship is the solution to long term family success. They claim that the statistic of successful transitions does not take into account the tendency for families with businesses to be more entrepreneurial. This criticism, though, is just more evidence that highly successful families are highly successful. Families with already successful businesses are far more likely to succeed in a new venture because they support each other with resources and experience. It doesn’t make sense that families should have to start over every generation. Long-term success does not look like a series of gambles made one at a time over and over again. Family Board Starter Pack: https://shop.familyprosperitypartners.com/products/diy-family-board-starter-pack FOLLOW Family Prosperity Partners everywhere: Facebook: Business Page: https://www.facebook.com/Familyprosperity Public Group for Families: https://www.facebook.com/groups/familybizgroup Private Group for Clients: https://www.facebook.com/groups/familyprosperity LinkedIn: https://www.linkedin.com/company/19139744 Subscribe to the Podcast: Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0 Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHg
23 minutes | Oct 20, 2020
Do you keep your nose where it belongs?
Do you keep your nose where it belongs? And your fingers out of where they don't?The source of most issues in family wealth usually boils down to Nose In and Fingers out. Everyone should have their nose in every aspect of the family wealth and happiness, at least a little bit. The difficulty comes when someone won't let other family members pay attention to the family assets or events. They see this attention as intrusion.Other times, someone tries to go beyond just understanding. They try to take over. It all boils down to boundries. Where are the boundaries? Do you know where they are? Where are they going? Boundaries should move over time. Afterall, that next generation must take over at some point.Michael talks about these issues in today's podcast.FOLLOW Family Prosperity Partners everywhere:Facebook:Business Page: https://www.facebook.com/FamilyprosperityPublic Group for Families: https://www.facebook.com/groups/familybizgroupPrivate Group for Clients: https://www.facebook.com/groups/familyprosperityLinkedIn:https://www.linkedin.com/company/19139744Subscribe to the Podcast:Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHgRSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
13 minutes | Oct 16, 2020
Just Dump Money On Your Kids - Everything Will Be Fine
In this podcast, I talk about how successful parents often put their kids in a really difficult situation: how to manage huge amounts of money that are just given to them at a certain age. For a while, it was pretty trendy in the C Suite circles to make a trust that didn’t pay out until the beneficiaries turned 35. It was seen as wise to wait until the kids were old enough to give them all those resources. But, as you probably know, you did not learn how to handle money properly just because you got money. Look at lottery winners. They are on average about 45 years old, but they go bankrupt more than twice as often as the general population. Having money doesn’t make you better at handling it, and neither does age. On the flip side, some parents just want to keep their kids away from any kind of success. This can be just as damaging. FOLLOW Family Prosperity Partners everywhere: Facebook: Business Page: https://www.facebook.com/Familyprosperity Public Group for Families: https://www.facebook.com/groups/familybizgroup Private Group for Clients: https://www.facebook.com/groups/familyprosperity LinkedIn: https://www.linkedin.com/company/19139744 Subscribe to the Podcast: Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0 Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHg  RSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
13 minutes | Oct 13, 2020
This Overlooked Investment Class Really Pays Off
Many people don't really think about this type of an investment. However, it is vitally important for the long term success of a family enterprise. For most family businesses, no matter their size, community involvement is a big deal. Your business isn't that faceless corporation. It started as a big part of your community. Your business has shaped your community and been shaped by it. That is really what makes you different from the heartless corporate giants.Michael talks about this investment type.FOLLOW Family Prosperity Partners everywhere:Facebook:Business Page: https://www.facebook.com/FamilyprosperityPublic Group for Families: https://www.facebook.com/groups/familybizgroupPrivate Group for Clients: https://www.facebook.com/groups/familyprosperityLinkedIn:https://www.linkedin.com/company/19139744Subscribe to the Podcast:Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHgRSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
11 minutes | Oct 9, 2020
3 Types Of Advisors That Transformed Our Family Business
In this podcast, I talk about the kinds of people you need to find to help you move forward in business or as a family. From my experience with Riffs, I can remember three types of people that fundamentally changed how our business functioned: technical experts, people with many connections, and people who assess you and your team’s performance honestly. There are other kinds of people, but these are definitely essential. When it comes to doing something new, it is almost required to include an expert. Even if you’re just trying to make more bacon, it can only help to have someone who knows what they’re talking about. Another type of person is the super-connector. Don’t just listen to anyone who says “I know people,” though. A very connected person knows a bunch of people in the industry. Sometimes they can tell you things it would take years to learn, or get you in front of that one key person you never knew existed. You have to seek out and curate these relationships. Don’t just focus on running your business and forget to make relationships. Finally, make sure there are people around you that can tell you what’s really going on. If you don’t have someone that can keep you honest, you’re never going to see failure coming until it is already too late. Same goes for your team. Make sure there are people who know what they’re talking about who are willing to honestly criticize. FOLLOW Family Prosperity Partners everywhere: Facebook: Business Page: https://www.facebook.com/Familyprosperity Public Group for Families: https://www.facebook.com/groups/familybizgroup Private Group for Clients: https://www.facebook.com/groups/familyprosperity LinkedIn: https://www.linkedin.com/company/19139744 Subscribe to the Podcast: Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0 Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHg RSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
21 minutes | Oct 6, 2020
Use Trusted Advisors To Vet Shady Consultants
When the economy turns, new advisors and strategists approach successful families. These families want to save what they can and shelter the storm. In good times, they want to be efficient and save on taxes or other expenses. Many consultants do very good work. They are invaluable and do come into your life only temporarily. But not all of them do good work. Some of them do harm. Here's how you should approach their use.FOLLOW Family Prosperity Partners everywhere:Facebook:Business Page: https://www.facebook.com/FamilyprosperityPublic Group for Families: https://www.facebook.com/groups/familybizgroupPrivate Group for Clients: https://www.facebook.com/groups/familyprosperityLinkedIn:https://www.linkedin.com/company/19139744Subscribe to the Podcast:Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHgRSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
15 minutes | Oct 2, 2020
Be Lame, Save The Day
In this podcast, Mason goes over the unsung - even mocked - role of preparedness. You see it in movies and TV shows; the middle manager running everyone through an ineffective fire drill, the dad showing everyone where to go in case of a tornado. There's no denying it, it's lame. There is also no denying that practice makes perfect. If you can look back at the silly drills you had to run, a crisis will seem so much less scary. This podcast is a call to start being the guy in your family that makes them practice. Or, at least, to make you find the person in your family you're going to make do it for you. Making this happen doesn't just prepare you for the worst, it can help bring your family closer together, and even build relationships with your key advisors. When you run drills, you shouldn't just include your family. Include important people in your circle to get them used to dealing with your family. Build relationships. If you can do this consistently, your family can separate themselves from the families that just achieved success, but weren't able to create stability and security. FOLLOW Family Prosperity Partners everywhere: Facebook: Business Page: https://www.facebook.com/Familyprosperity Public Group for Families: https://www.facebook.com/groups/familybizgroup Private Group for Clients: https://www.facebook.com/groups/familyprosperity LinkedIn: https://www.linkedin.com/company/19139744 Subscribe to the Podcast: Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0 Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHg RSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
14 minutes | Sep 29, 2020
Say No to Surprise emergencies
In today's podcast, Michael talks about the extra things you need to do in your yearly plans. How to make sure your family not only moves towards its goals, but is also ready for anything that life throws your way? This podcast talks about how to proactively plan for crises and how to maintain your family governance throughout.FOLLOW Family Prosperity Partners everywhere:Facebook:Business Page: https://www.facebook.com/FamilyprosperityPublic Group for Families: https://www.facebook.com/groups/familybizgroupPrivate Group for Clients: https://www.facebook.com/groups/familyprosperityLinkedIn:https://www.linkedin.com/company/19139744Subscribe to the Podcast:Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHg
16 minutes | Sep 25, 2020
Why A One-Size-Fits-All Mentality Turns Great Plans Into Nightmares
In this episode, I go over how your planning and vision has to change as your family does. It is not just about the money. In fact, the easiest way to make a restrictive plan is to plan just for the money - make a trust that pays out at 35 and give up planning right there. When you’re creating a Family Vision, you need to always lay out the path forward. I know I was confused when Riffs was just getting started. Without a vision for the business, I had no idea what it meant to participate in helping the family. Don’t make that mistake. As your family grows and changes, you need to make sure you reach certain checkpoints, otherwise you’ll quickly run out of road and into chaos. Family Board Starter Pack: https://shop.familyprosperitypartners.com/products/diy-family-board-starter-packFOLLOW Family Prosperity Partners everywhere: Facebook: Business Page: https://www.facebook.com/Familyprosperity Public Group for Families: https://www.facebook.com/groups/familybizgroup Private Group for Clients: https://www.facebook.com/groups/familyprosperity LinkedIn: https://www.linkedin.com/company/19139744 Subscribe to the Podcast: Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0 Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHg  RSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
15 minutes | Sep 22, 2020
How To Turn Individual Visons Into A Family Vision
In today's podcast, Michael talks about how you can take each family member's individual vision for the future and create a shared family vision. Michael also talks about how each family member can leverage their talents for the benefit of everyone. Shared goals and a shared vision are essential to keeping your family together for the long term.FOLLOW Family Prosperity Partners everywhere:Facebook:Business Page: https://www.facebook.com/FamilyprosperityPublic Group for Families: https://www.facebook.com/groups/familybizgroupPrivate Group for Clients: https://www.facebook.com/groups/familyprosperityLinkedIn:https://www.linkedin.com/company/19139744Subscribe to the Podcast:Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHgRSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
17 minutes | Sep 18, 2020
Why business owners fail to retire, and how to fix it.
In this podcast, Mason goes over how retirement isn’t the end of your contributions to a family enterprise. It is the most important part. This is so difficult, because if you don’t lay the groundwork early, there is no way for you to participate in big decisions from the moment you relinquish the CEO position. If you try to do this at the last second, or wait until you can’t handle running a business anymore, you just have to hope things go well, and you lose your primary focus in life. If you can set up a Family Board ahead of time, there are infinite ways you can use your wisdom, strategic thinking, and experience to bring incredible value to the family. You can set things up so your life doesn’t end when you retire. Family Diagnostic https://shop.familyprosperitypartners.com/pages/family-diagnostic-pdf FOLLOW Family Prosperity Partners everywhere: Facebook: Business Page: https://www.facebook.com/Familyprosperity Public Group for Families: https://www.facebook.com/groups/familybizgroup Private Group for Clients: https://www.facebook.com/groups/familyprosperity LinkedIn: https://www.linkedin.com/company/19139744 Subscribe to the Podcast: Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0 Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHg  RSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
29 minutes | Sep 15, 2020
IBM Watson: How An Entire Family Got Stuck In Dad's Shadow
It is always important to keep growing and oving forward. That is why planning out your vision is so important. If you don't know where you are going, you might get stuck. At some point, you will need to leave your business. If you can't let go and move forward, you can hold your entire family back. The Watsons survived this. Many families are not so lucky.FOLLOW Family Prosperity Partners everywhere:Facebook:Business Page: https://www.facebook.com/FamilyprosperityPublic Group for Families: https://www.facebook.com/groups/familybizgroupPrivate Group for Clients: https://www.facebook.com/groups/familyprosperityLinkedIn:https://www.linkedin.com/company/19139744Subscribe to the Podcast:Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHgRSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
12 minutes | Sep 11, 2020
Your Vision For The Family Needs To Take Care Of People
In this podcast, Mason discusses his experience with families who were successful from a monetary standpoint, but didn't take care of their family members. One way you can set your family up for failure is by leaving everything in a trust and dumping the money on your kids when they turn 35. Or, you can make sure they have infinite money to spend from the second they can walk. Either way works to mess up your children. When we plan for our financial futures, we are willing to pay huge sums of money to competent professionals. When it comes to taking care of ourselves and our family, though, we often skimp or feel like we "aren't there yet." If you have had success in life, make sure it isn't just money. Include serious plans to take vacations, groom the next generation of leaders, and make sure people always know where they can get help. FOLLOW Family Prosperity Partners everywhere: Facebook: Business Page: https://www.facebook.com/Familyprosperity Public Group for Families: https://www.facebook.com/groups/familybizgroup Private Group for Clients: https://www.facebook.com/groups/familyprosperity LinkedIn: https://www.linkedin.com/company/19139744 Subscribe to the Podcast: Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0 Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHg RSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
20 minutes | Sep 8, 2020
How To Make Useful And Actionable Family Business Goals
When you think about your goals and your dreams for your family, your vision is probably very ambitious. Sometimes your vision might have goals that take more than one generation to achieve. These visions must guide you to goals that can be achieved and put to use in growing your family. The main purpose of your individual vision is to create goals that will allow you to grow and allow your family to grow. This podcast discusses how to have an ambitious vision and still create practical goals for growth.FOLLOW Family Prosperity Partners everywhere:Facebook:Business Page: https://www.facebook.com/FamilyprosperityPublic Group for Families: https://www.facebook.com/groups/familybizgroupPrivate Group for Clients: https://www.facebook.com/groups/familyprosperityLinkedIn:https://www.linkedin.com/company/19139744Subscribe to the Podcast:Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHgRSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
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