The Johari Window is a tool developed in 1955 by psychologists to help people understand their own and others’ behaviors and beliefs.1 The model is based on the idea that traits, values, and motives are known or unknown by us and known or unknown by others around...
Funding my children’s future college education represents one of the largest investments our family will make. So, I’m considering how to make the cost worthwhile—as college costs have “more than doubled in the 21st century.”1 Starting from the premise that...
As a Los Angeles resident, I’ve heard that many homeowners found themselves underinsured following the devastating Palisades fire. Their policies won’t cover the full cost of replacing their damaged or destroyed homes. Rebuilding will mean a smaller home—or, dipping...
In a previous post, I took a look at inter-generational wealth and the “third-generation curse,” drawing upon the erosion of the Vanderbilt fortune to illustrate that idiom. Such failures occur so often in ultra-wealthy American families that “shirtsleeves to...
Given there are now more billionaires than ever, the theory of the “three-generation curse” seems particularly relevant. But is the wealth built by a first generation (most often, an entrepreneur) destined to dissipate by a third generation? Can one protect one’s...
As we know, the pandemic had a profound effect on real estate, curbing residential sales and construction in the face of economic uncertainty. And while home values picked up as things stabilized, domestic buyers must now confront a ‘perfect storm” of rising prices,...
