Summary – Wealth of Wisdom

In this episode of the Family Business podcast, Tom McCullough and Keith Whitaker discuss their book, The Wealth of Wisdom.

They share their backgrounds and how they came to collaborate on the book. The second version of the book focuses on providing practical tools and exercises for families to enhance their communication and address important topics.

One chapter highlights a family self-assessment tool that helps families evaluate their situation and identify areas for improvement. Another chapter introduces a three-step process for enhanced communication, which can be used by couples or siblings to address differences and find common ground.

The book is accessible to multiple generations and encourages open dialogue within families. The conversation explores the themes of subversive books and family discussions, the power of framing issues, generational collaboration in philanthropy, intergenerational dialogue, and the simplicity of tools for productive conversations.

The guests also provide clarification on the two books in the Wealth of Wisdom series.

Listen to the Episode Here: 

Takeaways

The Wealth of Wisdom provides practical tools and exercises for families to enhance their communication and address important topics.

The book includes a family self-assessment tool that helps families evaluate their situation and identify areas for improvement.

A three-step process for enhanced communication is introduced, which can be used by couples or siblings to address differences and find common ground.

The book is accessible to multiple generations and encourages open dialogue within families.

Chapters

00:00 Introduction and Background

09:19 Collaboration on the Book

16:46 Approach to the Second Book

27:14 Chapter on Family Self-Assessment Tool

37:57 Chapter on Three-Step Process for Enhanced Communication

46:18 Accessibility for Multiple Generations

48:21 Subversive Books and Family Discussions

49:22 The Power of Framing Issues

50:50 Generational Collaboration in Philanthropy

54:15 Intergenerational Dialogue

59:31 Simplicity of Tools for Productive Conversations

More about Wealth of Wisdom

In Top Practices Wealthy Families and Their Advisors, accomplished family wealth experts Tom McCullough and Keith Whitaker deliver a comprehensive collection of practical activities that members of wealthy families can undertake to ensure their continued success and development.

You can buy a copy of the book here: https://amzn.eu/d/iuPhjtH