{"id":2742,"date":"2015-05-26T10:08:33","date_gmt":"2015-05-26T10:08:33","guid":{"rendered":"http:\/\/astraea.net\/blog\/?p=2742"},"modified":"2015-05-26T10:08:33","modified_gmt":"2015-05-26T10:08:33","slug":"the-trouble-with-being-rich-is-family","status":"publish","type":"post","link":"https:\/\/www.astraea.net\/blog\/the-trouble-with-being-rich-is-family\/","title":{"rendered":"The trouble with being rich is … family!"},"content":{"rendered":"

Of course, there’s really\u00a0 no trouble with being rich, but … family is where issues arise because that’s what’s usually neglected.<\/p>\n

If you made it you probably had to work hard which took you away from your family.\u00a0 Whether you made or received it, you probably have responsibilities which you feel take you away from family.\u00a0 Either way you might give your family the things they want because you want the best for them or just because they expect it.\u00a0 So they live in a big house, ride in a fine car, jet off to hols and have the latest gear.\u00a0 The trouble arises because what people need is you.<\/p>\n

You might give your family the best schooling, clothing, holidays etc but you probably just don’t spend quality time together.\u00a0 The “stuff” without the “touchy feely” invariably nurtures weak consciousness and a moral compass that spins easily.\u00a0 The values that cement civilisation, like honesty underpinning trust and empathy underpinning care,\u00a0 are weak so while everyone looks marvellous their happiness is compromised.\u00a0 And probably yours too.<\/p>\n

It is ironic that it is family that suffers most because relationships make human experience rich and wonderful.<\/p>\n

\"familyownershipmanagement\"<\/a>The solution is simple, though difficult because it requires a change in perspective.\u00a0 The solution is to give more time to family.\u00a0 That is difficult because, as the entrepreneur or founder or guardian of the wealth,\u00a0 you are busy and feel the need to work and fulfil responsibilities.\u00a0\u00a0 But if you spend time with family, playing as well as working, you help nurture a positive culture in which the sense of entitlement is replaced by one of duty and responsibility, greed is replaced by empathy and anger replaced with humour.<\/p>\n

You don’t even have to be that rich for these issues to be pertinent.\u00a0 Anyone with any prospect of succession will face family issues.\u00a0 The best way to minimise problems is to admit they could be happening and try to separate ownership of assets from management of assets from family relationships.<\/p>\n

BBC: The trouble with being a billionaire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Of course, there’s really\u00a0 no trouble with being rich, but … family is where issues arise because that’s what’s usually neglected. If you made it you probably had to work hard which took you away from your family.\u00a0 Whether you made or received it, you probably have responsibilities which you feel take you away from …
Continue reading The trouble with being rich is … family!<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[10,22],"tags":[127,126],"class_list":["post-2742","post","type-post","status-publish","format-standard","hentry","category-business-entrepreneurship-venturecapital","category-living","tag-billionaire","tag-family-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4hwcd-Ie","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/2742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/comments?post=2742"}],"version-history":[{"count":1,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/2742\/revisions"}],"predecessor-version":[{"id":2744,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/2742\/revisions\/2744"}],"wp:attachment":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/media?parent=2742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/categories?post=2742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/tags?post=2742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}