Secrets of Enterprising Families

In this episode, we discuss the five secrets that enterprising families have used to build and sustain wealth across generations. These foundational principles, based on our 130 years of experience advising families, are the backbone of the Secrets of Enterprising Families book recently published by The Northern Trust Institute.

Our guest today is Jen Risher, author of We Need to Talk: A Memoir About Wealth. Jen knows firsthand the complexities of sudden wealth and how open communication, thoughtful planning, and addressing family dynamics head-on are essential for long-term success.

In This Episode, You Will Learn:
  • [01:50] Secret 1: Silence doesn’t make it go away
  • [08:48] Secret 2: Resist the carrot and the stick
  • [12:24] Secret 3: Write it down and communicate
  • [16:16] Secret 4: Develop the financial skills to meet each family member where they are
  • [18:27] Secret 5: Anticipate conflict and find opportunity

Continue The Conversation: 

Remember to subscribe to Secrets of Enterprising Families to stay connected as we dive deeper into the strategies that support generational wealth. Don’t miss our next episode, where we’ll explore the unique financial challenges and conversations that come with marriage.

What is Secrets of Enterprising Families?

Why are some families successful at building and sustaining their wealth, generation after generation?

Welcome to Secrets of Enterprising Families, a podcast from The Northern Trust Institute devoted to unlocking the specific strategies that multi-generational families use to transfer their values, wealth and legacy from one generation to the next.

In each episode, hosts Nikè Anani and Eric Czepyha will interview a nationally recognized expert on a different wealth planning topic, from marriage to the arrival of children to specific advice for business owners and corporate executives.

Northern Trust is a leading global financial institution that has helped families navigate the complexities of wealth for more than 130 years.

Nikè Anani is the Director of Next Gen Advisory at Northern Trust, specializing in preparing future generations for wealth ownership. Eric Czepyha is the Director of Business Services at Northern Trust and works with multi-generational business owning families on business transitions and succession planning.

Brought to you by the same team behind The Road to Why podcast, Secrets of Enterprising Families will empower you with strategies to tackle financial challenges in a way that engages each member of your family. Subscribe today.