Episode 28

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Published on:

21st Aug 2023

Optimizing Your Financial World - Episode 28 (Inheritors and the Quest for Legitimacy)

Believe it or not, it’s not always easy to inherit significant wealth. Many inheritors feel tremendous pressure to prove that they deserve the money and that pressure can lead to great things or big problems, depending on how well they navigate the situation.

On the latest episode of Optimizing Your Financial World, we’ll explore ways that inheritors can feel more validated and comfortable with wealth.

Timecodes:

0:06 - Introduction and overview on the topic of the day

1:40 - Inheriting significant wealth can present challenges to those beneficiaries

4:08 - There are two categories of inheritors

5:54 - Inheritors seeking validation and legitimacy

7:08 - The issue with inheritors seeking out validation

9:28 - Smart ways inheritors can go about achieving that level of validation

10:53 - What if an inheritor isn't interested in the family business?

12:58 - Inheritors need to find what matters most to them

15:06 - How to get in touch with Mark and his team

16:18 - Closing remarks

Connect with Mark Wade:

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About the Podcast

Optimizing Your Financial World
It's about how much you get to keep!
Welcome to Optimizing Your Financial World, where we tackle an array of financial strategies and wealth management topics to help better position you, your family, or your business for a better future.

Each episode features Mark Wade, President of Echelon Family Office, who brings over four decades worth of experience in wealth management and investment planning to the show. Mark regularly works with affluent families and entrepreneurs to help better position their portfolios given their personal and professional goals.

Listen as Mark explores a new financial topic each episode and offers guidance on navigating these complex circumstances. At the end of the day, it's not about how many assets you have or how much income you create, it's about how much you get to keep!

So sit back, relax, and allow Mark to shed some light on countless financial strategies and his methodologies for helping four decades worth of clients optimize their financial world.