Flash Report - The Super Rich’s Three Big Fears—and How They Work to Overcome Them
Significant wealth can reduce many of life’s trouble—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. In our experience working with the Super Rich—people with a net worth of at least $500 million—we find that they frequently take some highly effective steps to address those worries and, quite often, overcome them. With that in mind, here’s a look at three fears they tell us they struggle with—and some ways they combat those fears.
If you share one or more of these fears, consider taking a page from the Super Rich playbook to tackle it.
Health, family and wealth
The Super Rich tell us that they struggle with three main fears about their lives and the lives of their families:
· Severe health problems for themselves or loved ones
· Dysfunctional family members doing substantial damage
· Losing their wealth
Fear #1: Severe health problems
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The Super Rich’s Three Big Fears—and How They Work to Overcome Them
Robert J. Pyle, CFP®, CFA is president of Diversified Asset Management, Inc. (DAMI). DAMI is licensed as an investment adviser with the State of Colorado Division of Securities, and its investment advisory representatives are licensed by the State of Colorado. DAMI will only transact business in other states to the extent DAMI has made the requisite notice filings or obtained the necessary licensing in such state. No follow up or individualized responses to persons in other jurisdictions that involve either rendering or attempting to render personalized investment advice for compensation will be made absent compliance with applicable legal requirements, or an applicable exemption or exclusion. It does not constitute investment or tax advice. To contact Robert, call 303-440-2906 or e-mail info@diversifiedassetmanagement.com.
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