Passing the Torch

Sustain and grow your family’s capital throughout generations Families need to have vision and foresight to sustain the family’s capital throughout generations. Unfortunately, many of them build wealth effectively but find, near the end of their lives, that it has little sustainability to prepare the next generations that will be the beneficiaries of their hard work. Passing the Torch teaches high net-worth families how to foster a strong family dynamic to be truly generational. Inside, first-generation wealth creators will learn how to create a culture of sustainability and growth and endow subsequent generations with the tools and mindset necessary to prosper. Subsequent generations will learn how to receive the torch, sustain and grow the family’s capital and pass the torch to the next generation. •    Discover the importance of emotional intelligence •    Learn to view generational wealth from a behavioral lens •    Transcend financial instruction to find a sense of purpose and direction •    Map out your family’s legacy Whether you’re consulting an advisor or taking matters into your own hands, this is the essential reference you need to sustain wealth for generations to come.

Foreword xi Preface xiii From Shirtsleeves-to-Shirtsleeves in Three Generations xiv My Story xv True Family Wealth xvii Why Are You Reading This Book? xix Chapter 1 What You Perceive Is Missing Drives You 1 Perceiving a Lack of Money and What That Can Ignite 3 The Power of Knowing What’s Most Important to You 7 Live Your Destiny and Leave Your Mark 12 Chapter 2 The Wealth Creator Extraordinaire 17 Live with a Vision and a Mission 19 Vision, Mission, Dream, and Legacy—Building Your Powerful Family 22 Chapter 3 The Genius of the Wealth Creator Extraordinaire 33 Traits of a Mentally Empowered, Intelligent Person 34 Understand and Apply Universal Principles 40 Chapter 4 The Wealth Creator Extraordinaire as a Business Leader 43 Unlocking the Leader Inside 43 How to Be a Great Businessperson 46 Chapter 5 The Wealth Creator Extraordinaire as a Money Manager 53 CHAPTER 6 The Wealth Creator Extraordinaire as a Family Leader 59 How to Build Powerful and Strong Family Relationships 60 Eight Keys to a Successful Marriage 64 Traits of a Family Leader 67 Chapter 7 The Wealth Creator Extraordinaire as a Social Leader 79 Guideposts for Leading 80 Tips for Leaders 83 Shaping Your Legacy 85 Philanthropy, a Thinking Man’s Gift to the World 89 Chapter 8 The Wealth Creator Extraordinaire as a Health and Vitality Leader 93 Healthy Eating and Drinking Habits 94 The Value of Exercise and Body Movement 96 The Value of Breathing 97 The Value of Rest and Restoration 98 The Body-Mind Connection 100 Is Gratitude the Key to Unlocking Happiness? 101 The Twenty-One-Day Gratitude-Habit-Forming Process 103 Chapter 9 A Conversation with Dr. John Demartini 107 Chapter 10 Principles of the Demartini Method: Based on Universal Laws and Truths 137 Principle 1 137 Principle 2 138 Principle 3 138 Principle 4 138 Principle 5 138 Principle 6 138 Principle 7 139 Principle 8 139 Principle 9 139 Principle 10 140 Principle 11 140 Principle 12 140 Principle 13 140 Chapter 11 A Conversation with James E. Hughes, Author of Family Wealth 141 Chapter 12 My Letter of Wishes for You 159 The Wealth Model 161 Afterword 163 Index 165