One of the greatest burdens on children is the inheritance of wealth. Yes, I know this sounds counterintuitive. Yet, with 35+ years of experience working with three generations of families, I can attest to the validity of the premise.
Each culture has its phraseology:
- Old English: “there’s nobbut three generations atween a clog and clog.”
- Italy: “from the stable to the stars and back again.”
- Japan: “rice paddies to rice paddies in three generations.”
- China: “from peasant shoes to peasant shoes in three generations.”
- Scotland: “father buys, son builds, grandchild sells, and his son begs.”
- America: “shirtsleeves to shirtsleeves in three generations.”
Why is this true? Answer: “We want what we don’t have.
Continue reading “Shirtsleeves to Shirtsleeves”
