Monthly Archives: November 2017

I Can Because Often I Don’t!

By |November 30th, 2017|

The reason why some people can buy whatever they want is because they don’t. The reason why some philanthropists can give generously to some charities is because they don’t give to them all. No one has enough financial wealth to own and maintain it all, must less give to every charity, nonprofit and NGO under the sun; not to mention political candidates as well. And political fundraising and money is a whole other sport within a league of its own. But the bottom line is, just because you can give or buy something doesn’t mean you should always give [...]

Rags to Riches Back to Rags All within a Few Years!

By |November 29th, 2017|

Rags to riches back to rags all within a few years! Really? Yes, I’ve witnessed more people blow through tens of millions of dollars within a few years and they now have nothing to show for it; except of course, their photos. Sadly, it doesn’t even take three generations for someone to blow their money. It can happen faster than one could ever think or imagine, but it happens every day right before our eyes. From professional athletes, pop stars, Hollywood starlets, to windfalls from selling one’s business, to overt generosity within the philanthropy world, to even fraud and [...]

The Real Financial Experts are Not on Television!

By |November 28th, 2017|

The real financial experts are not on television. They are often on their private yachts doing whatever they want to do. It is interesting how so many people follow the “expert” advice from people who only are talking heads. Doesn’t this world already have enough talking heads? Where are the doers? Where are the rainmakers? Where are the real investors making real wealth for themselves and for their clients? Well, you most likely will not find them in large established financial firms. I’ve never heard of anyone getting rich by having their investments in some gigantic global bank or [...]

Could Big Banks & Financial Firms be Responsible for Shirtsleeves-to-Shirtsleeves?

By |November 27th, 2017|

The financial industry and the family office industry like to talk a lot about wealth preservation. The overly used phrase is shirtsleeves-to-shirtsleeves meaning one’s family wealthy will be produced in the first generation, somewhat maintained in the second generation, but by the third generation, the financial wealth and usually values will all be gone. Actually, there are too many books on the subject, but interestingly for all of the many reasons this phenomenon occurs, the financial industry always points the blame away from themselves. Some families tragically die. Some sunset their family private foundation. Some choose not to pass [...]

How Your Bank or Financial Firm Could Lose Your Money

By |November 26th, 2017|

If your investment portfolio cannot surpass inflation, taxes, fees and hidden fees, then you will most likely lose money. If your investment portfolio is so diversified, because after all, you want to be financially conservative, then most likely all of your gains will be offset by all of your loses. And if your portfolio is this diversified, then do your money managers, fund managers and other financial wealth planners really even have a clue on what they are doing? Of course, they know how to fee your account so that they make money, even if you don’t. And when [...]


By |November 25th, 2017|

Money. Money continues to be one of the biggest mental blockers for people today. If only I had more money, then I could do x, y and z, these people think. If only we could raise more money, then we could serve more people within our charity. And then there are those who have more money than they will ever need or could ever give away wisely, primarily because so many charitable organizations have no clue on how to manage such large sums of wealth even for the sole purpose of doing good for society. This is a strange [...]

Your Portfolio of Thankfulness

By |November 23rd, 2017|

The gift of gratitude, appreciation, and thankfulness is one of the greatest gifts you can give to another human being. The beauty of giving from the heart and soul of who you are is that you can keep giving gratitude, appreciation, and thanksgiving and never run low in your portfolio of gratefulness for others. And doesn’t this make a life truly great! When we stop and realize how blessed we are for having other people in our lives, then we need to tell them. We need to honor those people who have helped us along the journey. We need [...]

Rich & Famous vs Poor & Unknown

By |November 22nd, 2017|

It doesn’t matter if you have a star studded power board for your nonprofit. I’ve watched nonprofit boards filled with celebrity members crash and burn. This is nothing bad against those in the public eye, but getting star power isn’t always the best route for nonprofit boards. And it doesn’t matter if you have multi-millionaire or even billionaire donors within your donor pool of financial supporters. I’ve watched extremely wealthy people do more harm to their charities without even realizing it. Just because someone has lots of money doesn’t mean they know how to give wisely or engage [...]

Generous Givers vs Financial Supporters

By |November 21st, 2017|

Is there a real difference between givers and supporters? A generous giver, usually loves to bless others through giving whatever resources they have at hand, which will be a true blessing to the recipient. A supporter tends to be a faithful ongoing financial giver to one particular individual and/or organization. Both are donors in different ways. The generous giver tends to be more spirit led in their giving, whereas the supporter usually has made a conscious decision to give x amount of money monthly or yearly to support someone’s lifestyle as that recipient engages in some kind of missional/charitable [...]