With so much new wealth being created today combined with a popular culture that glamorizes conspicuous consumption and fame-for-its-own-sake, perhaps it's time to revisit the philosophy developed by intergenerational wealth that values contribution and understatement. This presentation seeks to define what we're calling "The Old Money Way," a philosophy developed by the wealthy who seek to move "beyond money" for its own sake and use their wealth to contribute to society.
This presentation describes the philosophy and behavior, then contrasts it with "new money," or what is pejoratively called "nouveau riche." It continues to discuss how the philosophy is portrayed and why it is often misunderstood. It concludes with an examination of how many of these tenants may or may not be in society's interest, such as whether they create an exculsionary culture.
This topic is important because the philosophy has merit yet is rarely discussed explicity or taught formally.
Relevant Audience: Practically everyone for the following reasons...
Being independently wealthy is not a prerequisite to the philosophy, so others will find it illuminating.
Even those from wealthy backgrounds may benefit from having a framework and some rigor added to what they've absorbed from their environment.
Much of the wealth being created today comes from developing markets and entrepreneurs who may not have formed a well-developed view of wealth yet.
Even if you don't adopt this philosophy, it will help you understand those you meet who do.
"The Old Money Way"
Copyright 2012 Keith White Analytics LLC, Las Vegas, Nevada USA
