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

Want to continue the conversation?

• More on Northern Trust’s Secrets of Enterprising Families
• Jen Risher’s book, We Need to Talk: A Memoir About Wealth

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.