The Paradox of Choice: Wealth’s Impact on Family Potential

  • First Bank
  • 07/31/2024

Written by Doug Baumoel, Founding Partner, Continuity Family Business Consulting

Originally published on www.familybusiness.org, August 23, 2023; Updated on October 11, 2023

The article, “The Paradox of Choice: Wealth’s Impact on Family Potential,” by Doug Baumoel, Founding Partner, Continuity Family Business Consulting, and originally published on www.familybusiness.org, provides critical insights and tips to navigate children growing up with generational opportunity or the paradox of choice. The author shares a coined process in which parents and grandparents can be purposeful and educated in discovering how wealth and opportunity fits the individual and not the other way around.