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Use the Power of the Pen to Leave a Legacy

This article captures the importance of recording memories, and their impact on those we share them with. Ensuring that you leave a legacy helps to provide inspiration and guidance.

Many of us want to pass along not just their wealth and other assets to our heirs, but also the key lessons we’ve learned throughout our lives. By sharing our stories, we hope to instil important values in our children that they can carry with them on their own journeys.

One creative and highly effective way to do so; Write a book that captures your experience, wisdom and knowledge.

  • Writing a book can help impart your values to heirs and impact their futures positively.
  • An effective book will have candid, honest stories that enlighten and benefit the readers.
  • An outline and a formal writing plan are essential components of a successful book project.

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Read Use the Power of the Pen to Leave a Legacy

Other notes and risk warnings

This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.

Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.

Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.

 

Ten Lessons About Dealing with – and Living with – Grief

This article can help us to navigate grief, healthily. It it explores the lives of Tony and Kate Rose who have shared their story in order to guide us through what can be a devastating time.

On July 27, 2015, Tony Rose lost his son. His daughter, Kate, lost her older brother.

Johnny Rose was just 28 years old when he experienced what’s commonly called a “widow-maker” heart attack, which killed him instantly. But at the time of his death, it was far from certain that a natural cause was the culprit. After excelling at school early in life, Johnny had spent several years struggling. By 2015, although he was an attorney, he was unemployed, depressed and living in his father’s pool house. His relationship with his family had reached a crossroads.

As Tony and Kate grieved over time, together and separately, they came to some important conclusions about life and death. About the process of working through a tragedy. And about how to grieve for the past while also living in the moment and for the future.

  • Grief should be accepted – not blocked or denied.
  • Use tools that work for you to deal with your grief.
  • Avoid focusing on what could have been or what you might have done.

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Click here to learn more about dealing with grief

Other notes and risk warnings

This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.

Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.

Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.

The Art of Dealing with Successful Toxic Narcissists

Have you ever felt like the world revolves around you? Congratulations – you may be a narcissist!
Don’t fret – you’re in good company. Everyone of us can be a narcissist sometimes. In business, narcissism can be a good thing that can help fuel success – in the right dose, that is.
Narcissism runs along a spectrum, from healthy to toxic. Dealing with healthy narcissists can be relatively easy. On the other hand, toxic narcissists can be very complicated and problematic to deal with.
What’s more, we find from experience that some very wealthy and powerful people are toxic narcissists. That means you may encounter such people on your own path to success.

  • Some wealthy and powerful people are toxic narcissists – which means you may have to learn how to deal with them to get what you want.
  • Confronting them and trying to change their minds is a strategy that is likely to fail.
  • Outthinking them and using their need to be flattered to your advantage can be key to meeting your own agenda.

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Click here to read The Art of Dealing With Successful Narcissists

Other notes and risk warnings

This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.

Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.

Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.

Six Traits That May Suggest Your Kid Could Be a Great Entrepreneur

This article highlights the signs and signals that help to indicate your child might have all the traits of a great entrepreneur. You can read more about these key indicators for a great entrepreneur below:

All parents want to see their children achieve success – and that can be particularly true of affluent parents who have enjoyed significant professional and financial success in their own lives. But we know deep down that forcing our kids to be something they’re not equipped to be – pushing them too hard in a direction that’s wrong for them, even it’s where we want them to go – can be a recipe for unhappiness.

Take entrepreneurship. If you’re a business owner, you may have grand plans for one or more of your kids to take over your company someday or start their own venture, just like you did. Of course, your don’t have to be a business owner to have entrepreneurial dreams for your kids. It’s pretty tempting to imagine our offspring as the next Bill Gates or Jeff Bezos.

  • Business ownership is the right path for some but not for others.
  • Be honest about whether your child possesses the traits that are needed for entrepreneurial excellence.
  • Success comes in many forms.

Click the image below to read the full article:

Discover the six traits of a great entrepreneur, and see if they resonate with your children.

Other notes and risk warnings

This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.

Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.

Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.

Smart Ways to Keep Your Kids on the Right Path

Keeping your kids on the right path is one of the upmost concerns of parents. This article highlights five key questions that will enable you to support your child and gain a greater insight into their lives. Take a look at how you, parents and carers, can ensure your children are protected, keeping your kids on the right path:

All parents want to keep their kids on the right path in life by helping them steer clear of addiction, depression and violence.

But if you think having wealth builds a wall around your children that protects them from these and other crippling, potentially even fatal, problems – think again. No amount of money or privilege can guarantee you end up with resilient kids who make good choices when it really counts. Indeed, research by the Federal Reserve Bank of San Francisco discovered that suicide risks can be surprisingly high in affluent neighbourhoods.

  • Your time and active attention – not just your money – are vital to kids’ success.
  • Do you have answers to the five “must know” questions about your children?
  • Controlled environments and a “second voice” can be instrumental in helping kids make good choices.

Click the image below to read the full article:

Smart Ways to Keep Your Kids on the Right Path

Other notes and risk warnings

This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.

Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.

Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.

All Together Now: Why Multigenerational Living Is Making a Comeback

This article takes a good look at why multigenerational living is increasingly popular and how to navigate the decision to do so yourself.

If the term “multigenerational living” conjures images of the Waltons in your mind (Goodnight Grandma,” “Goodnight, John-Boy!”), you’re not alone.

But guess what? Increasingly, more middle-class and well-to-do families are choosing to come together in one house (or two adjoining homes) and live their daily lives together – for reasons that don’t involve financial necessity.

  • As people live longer and redefine retirement, multigenerational households are on the rise.
  • Design aspects of a multigenerational home are important – especially if one of its residents is in poor physical or mental health.
  • Issues around shared spaces in a home should be discussed and agreed upon going into a multigenerational living arrangement.

Click the image below to read the full article:

Multigenerational Living

Other notes and risk warnings

This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.

Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.

Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.

The Super Rich’s Three Big Fears – and How They Work to Overcome Them

Significant wealth can reduce many of life’s troubles and anxieties – but it can’t eliminate them entirely. Even the richest among us have fears.

What’s more, they often share many of the same worries the rest of us have.

But there is one difference: The wealthy take some highly effective action steps to address those worries and, quite often, overcome them. With that in mind, here’s a look at the three biggest fears of the Super Rich – those people with a net worth of at least $500 million – and some ways they combat those fears.

  • In our experience working with the Super Rich, we find that health, family and wealth concerns are among their biggest fears.
  • The right professionals can aid in overcoming concerns in all three areas.
  • A technique called stress testing can identify potential problems before they become big issues.

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Fears

Other notes and risk warnings

This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.

Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.

Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.

Staying on Track When Tragedy Strikes

Life does not always go smoothly. Whether you’re a billionaire, a pauper or somewhere in between, you (or someone close whom you care about) will likely suffer some type of tragedy at some point in your journey.

  • Many of the Super Rich employ strategies that help them stay the course after major life setbacks.
  • The ability to compartmentalise can be helpful in these situations.
  • Tragedy can sometimes motivate people to become even more successful.

Click the image below to read the full article:

Staying on track when tragedy strikes

Other notes and risk warnings

This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.

Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.

Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.

A Formula for Thoughtful Decision-Making in a Family Business

Conflict has sunk more than a few family businesses over time. To avoid it as much as possible – and navigate it when it inevitably rears its head – owners of family businesses need to adopt a thoughtful, calculated approach to decision-making.

  • Conflict among family members can sink a business – especially when children clash with Mom or Dad.
  • Values and economics must be considered and balanced when families make choices involving their business.
  • Pro formas – formal financial statements – should be created for each venture within a family business.

Click the image below to read the full article:

formula for decision making in a family business

Other notes and risk warnings

This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.

Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.

Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.

Winning a Family Business Civil War

The term ‘civil war’ typically refers to a battle between citizens of the same country – the most obvious example in the USA being the War Between the States from 1861 to 1865, which left at least 600,000 dead Americans in its wake. But a civil war can also involve family members who are in business together. When a war erupts between those family members, it can irreparably damage family relationships, the business itself – and, of course, the family’s wealth and financial security.

  • A civil war over the family business can start when the founder doesn’t plan for a transition of ownership.
  • Temporary, shifting alliances among family members can work to your advantage – but they’re not without risk.
  • Enlisting the right professionals can make all the difference and separate winners from losers.

Click the image below to read the full article:

Family Civil War

Other notes and risk warnings

This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.

Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.

Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.