{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Moneywise","title":"Born a Billionaire: How to Avoid Wealth Robbing Your Kids of Purposeful Lives","html":"","width":"100%","height":180,"duration":2626,"description":"Being born rich sounds like a dream, but it’s almost like being born at the finish line, with no race left to run.\r\nIf we’ve learned anything in this podcast so far, it’s that money alone doesn’t bring happiness. Life needs purpose. But when you already have access to everything you could possibly need, finding that purpose can be difficult.\r\nSo, how do we ensure our children inherit not just wealth, but also the drive to make something meaningful out of their lives? How do we shield them from the pitfalls of affluence, like aimlessness and substance abuse?\r\nTaylor Adams has dedicated his life to helping parents successfully pass on their wealth to the next generation with his company Belief Partners. He believes that a large part of happiness comes from the act of adding value to the world around you, feeling like you matter. He works to empower parents to instill in their children the importance of adding value to the world, of feeling like they matter beyond their bank accounts\r\nTaylor knows the feeling of being aimless all too well. Born into a multi-generational billionaire family, he himself has experienced the luxury, pressure, and burden of wealth. \r\nIn this episode, Taylor bares all, offering his personal narrative alongside professional research and strategies for navigating the complexities of inherited wealth. From finding purpose to avoiding the traps of excess, Taylor equips affluent parents with the tools they need to raise grounded, fulfilled individuals.\r\nAlongside Taylor, we’ll also hear from Jane. In contrast to Taylor’s strong recommendation to set up a trust for your kids, Jane’s parents paid for necessities through her life, but will pass on their wealth through a lump sum inheritance of roughly $20 million. She’ll tell us how their wealth impacted her life, how she found purpose in her own career and family, and how the knowledge of inheritance has affected her.\r\nThis is Moneywise, a podcast where host Sam Parr is joined by high-net-worth...","thumbnail_url":"https://img.transistorcdn.com/vCvB-0dtzg339Iof9Uhri-E5Cu1YvE_goNcKch75CeI/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS83ZTZj/OWRiMTI3NjI1YWUy/MWY4ZWJkOTU2YzFl/NzE0Mi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}