Freedom from Wealth

Perhaps the greatest challenge in achieving freedom from wealth is actually learning to live with wealth as part of a productive life. Philanthropy is one of ... Skiptomaincontent FreedomfromWealth CharlesA.Lowenhaupt TheJournalofWealthManagementSpring2008,10(4)17-23;DOI:https://doi.org/10.3905/jwm.2008.701847 CharlesA.LowenhauptAmanagingmemberofLowenhaupt&Chasnoff,LLC,inSt.Louis,MO. FindthisauthoronGoogleScholarFindthisauthoronPubMedSearchforthisauthoronthissiteForcorrespondence: [email protected] ArticleInfo&MetricsPDF(SubscribersOnly) AbstractRecognizingthatthereismoretowealththanmoneyisthemainthemeofthearticle.Anentireindustryhasbeendesignedanddedicatedtothepropositionthatinheritedwealthmustbepreserved,andthatpreservingitrequiresasubstantialcommitmentandeffortonthepartoftheinheritor.Littleissaidaboutusingwealthtocreatefreedomandfunctionality—theveryqualitiesthatcreateditinthefirstplace.Personalgrowthissubjugatedtothegoodofthefamily.Individualitygetslost,andthisleadstodissatisfaction,alackoffunctionality,andunhappiness.Ourfocusonstewardshiphasmadewealthmanagementmuchmorecomplicatedandburdensomethanitneedstobe.Therealhardworkisnotmanagingthemoney.Itisfiguringoutwhatthemoneyisfor.Thefirstchoiceistocontrolthewealthformanygenerationstocome,whilethesecondchoiceistoallowfreedomandfunctionalityinfuturegenerations.Infact,eitherchoice,ifconsideredcarefully,musthaveasitsultimatepurposetoallowindependence.Perhapsthegreatestchallengeinachievingfreedomfromwealthisactuallylearningtolivewithwealthaspartofaproductivelife.Philanthropyisoneofthebesttoolsforliberatingwealthholdersfromtheburdenofwealthandbuildfunctionalityintothefamily.Itistimefortheindustryofwealthcounselorstoconsiderhowthewealthadvisoryworldisshapingthecharacterofitsclientsandtoaskhowwegiveindividualsfreedomwithwealth.Thereareriskstooureconomicsinencouragingfreedominthinkingandactions,butthereisalsosatisfactioninhelpingpeopleachievetheirpotential.TOPICS:Wealthmanagement,inwealthmanagement©2008PageantMediaLtd Don’thaveaccess?Clickheretorequestademo Alternatively,Callamemberoftheteamtodiscussmembershipoptions USandOverseas:+1646-931-9045 UK:02071391600 Loginusingyourusernameandpassword Username* Password* Forgotyourusernameorpassword? PreviousNext Backtotop Exploreourcontenttodiscovermorerelevantresearch Inthisissue TheJournalofWealthManagement Vol.10,Issue4Spring2008 TableofContentsIndexbyauthor DownloadPDF ArticleAlerts UserName* Password* SignIntoEmailAlertswithyourEmailAddress Email* EmailArticle ThankyouforyourinterestinspreadingthewordonTheJournalofWealthManagement.NOTE:Weonlyrequestyouremailaddresssothatthepersonyouarerecommendingthepagetoknowsthatyouwantedthemtoseeit,andthatitisnotjunkmail.Wedonotcaptureanyemailaddress. YourEmail* YourName* SendTo* Entermultipleaddressesonseparatelinesorseparatethemwithcommas. Youaregoingtoemailthefollowing FreedomfromWealth MessageSubject (YourName)hassentyouamessagefromTheJournalofWealthManagement MessageBody (YourName)thoughtyouwouldliketoseetheTheJournalofWealthManagementwebsite. YourPersonalMessage CAPTCHAThisquestionisfortestingwhetherornotyouareahumanvisitorandtopreventautomatedspamsubmissions. CitationTools FreedomfromWealth CharlesA.Lowenhaupt TheJournalofWealthManagementJan2008,10(4)17-23;DOI:10.3905/jwm.2008.701847 CitationManagerFormats BibTeXBookendsEasyBibEndNote(tagged)EndNote8(xml)MedlarsMendeleyPapersRefWorksTaggedRefManagerRISZotero SaveToMyFolders UserName* Password* Remembermyusername&password. Share FreedomfromWealth CharlesA.Lowenhaupt TheJournalofWealthManagementJan2008,10(4)17-23;DOI:10.3905/jwm.2008.701847 ShareThisArticle: Copy TweetWidgetFacebookLike Jumptosection ArticleInfo&MetricsPDF SimilarArticlesCitedBy...Nocitingarticlesfound.GoogleScholar