However, preparing the Next Generation for wealth requires far more than what is available in the four walls of a classroom. Preparation encompasses the development of a balance of technical skills, soft skills, values, staying power and the ability to exercise judgment. This preparation includes building a mix of technical skills, soft skills, values, resilience, and the ability to make wise decisions. They are able to think long-term, prioritizing the growth and preservation of family wealth over short-lived indulgences. Ojenike is a Family Wealth Adviser at Meristem Family Office.

Source: The Guardian October 25, 2023 03:34 UTC