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The Myth of the Silver Spoon
Navigating Family Wealth and Creating an Impactful Life
Kristin Keffeler (Author), Sharna Goldseker (Foreword by)
9781119909705, Wiley
Hardback, published 21 November 2022
256 pages
23.1 x 16 x 2.8 cm, 0.454 kg
The next generation within wealthy families are often said to be born with a silver spoon in their mouths. Perceived as free from life’s toughest challenges. “Having it all.” But being raised in affluence brings a unique set of pressures and hidden tripwires. Great wealth casts a long shadow. Inheritors commonly face intense familial expectations, public scrutiny and judgment, and confusing or debilitating self-narratives, under which many flounder. And we—as family, friends, and society—slowly lose their contribution to our lives and the common good. The Myth of the Silver Spoon helps guide the next gen of the affluent, their families, and the ecosystem of professionals who influence them—wealth advisors, estate attorneys, tax attorneys, philanthropic advisors, family office professionals, and career coaches—to identify and confront negative thinking and behaviors related to wealth. Through new research, meaningful storytelling, and actionable concepts, Kristin Keffeler—an expert advisor, consultant, and certified professional coach to high-net-worth families—helps readers clear the internal and external clutter from their paths that accumulates from growing up with wealth. She shows readers how to: Privately held wealth has great potential to benefit society. But only if it is held by people able and willing to do good with it. Whether you’re a rising gen yourself or gifting this to a client, The Myth of Silver Spoon offers a compassionate discussion and a seven-step process for connecting a rising gen’s innate strengths to the embers of their hopes, so that they can move forward creating thriving and impactful lives.
Foreword ix Acknowledgements xiii About the Author xvi Introduction 1 Chapter 1 A Flickering Flame 11 Part I Confronting the Myth of the Silver Spoon 25 Chapter 2 Poor Little Rich Girl 27 Chapter 3 Money Versus Wealth 39 Chapter 4 Parenting Without the Worry of Making Ends Meet Should Be Easier Why Isn’t It? 51 Part II Clearing the Clutter 65 Chapter 5 Money Clutter 67 Chapter 6 Identity Clutter 85 Chapter 7 Relationship Clutter 99 Chapter 8 Contribution Clutter 111 Part III The Big Logs for Your Fire: Human Thriving and Your Unique Spark 123 Chapter 9 The Science of Human Thriving 125 Chapter 10 Big Logs: Growth Mindset, Grit, Mastery- Orientation, Close Positive Relationships, and Your Foundational Character Strengths 133 Part IV Creating a Uniquely Impactful Life 155 Chapter 11 From Spark to Flame: Ideas That Ignite You and Impact Others 157 Chapter 12 The Missing Chapter in Your Parenting Book 173 Chapter 13 The Role of the Trusted Advisor 187 Conclusion: Beyond the Myth of the Silver Spoon 201 Appendix A: Resources to Support Rising Gen, Their Parents, and Their Advisors 205 Appendix B: In Their Own Words—Advice from the Rising Gen to the Rising Gen 207 Appendix C: Research Methodology 211 Notes 221 Index 235
Subject Areas: Business & management [KJ]
