Stewarding Generational Wealth and Values

We all want to equip our kids to succeed and create a lasting legacy. The question is: how do we do that? I recently had a live conversation about this topic with Ted Oakley, Managing Partner and Founder of Oxbow Advisors. As someone who helps clients navigate the markets, plan for retirement, and steward wealth for the next generations, Ted has tremendous wisdom around building true wealth and creating a legacy worth more than just money.

Listen in as we discuss how to foster independence in young adults, when to hand over an inheritance or the family business to your children, and how to resist the temptation to help your children too much. We also discuss the most valuable skill sets in almost any career, how to test if someone is hirable, and what opportunities exist for young adults in today’s economy.

Minute Markers:

2:52 – The importance of learning to “make it” on your own.
5:36 – The dangers of debt and learning debt management along the way.
12:00 – What to focus on when dealing with high levels of debt.
14:52 – Why you have nothing to lose as a young person.
18:37 – What to think about when hiring your kids.
26:54 – The state of the economy, where it puts young people today, and where money can be made.
33:02 – How Ted recommends leveraging debt.
35:19 – The importance of having range and key skill sets to develop.
39:47 – Why decisions around education are so important for your family.

If you like this episode, here are more episodes we think you’ll enjoy:

Ep 504: Anna Kelley – The Fed Rate Cut is a Sign of a Deeper Problem – The Era of Long-Term Investing
Ep 503: Tom Berry – Private Lending Investing – Less Risk and Steady Returns
Ep 500: David and Kandace Phelps – Creating the Life You Desire – The Freedom Founders Story and Purpose

Featured on the Show:

Ted Oakley: LinkedIn
How to Get Out of Debt, Stay Out of Debt, and Live Prosperously by Jerrold Mundis
The Obstacle is the Way by Ryan Holiday
Winning Through Intimidation by Robert Ringer
Range by David Epstein
Oxbow Advisors
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#tedoakley #wealthmanagement #nextgeneration #keyskillsets #legacy #education

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