Generational Wealth Isn't Just About the Money - Brian C. Adams
Brian C. Adams is the Principal and Founder of Excelsior GP. Originally from New York, Brian now lives in Nashville with his family. In today’s episode, Brian walks us through what it takes to grow generational wealth.
[00:01 – 07:04] Why Real Estate
I introduce and welcome the guest, Brian C. Adams
Brian shares how they are dealing with amidst this COVID situation
Brian talks about his background and how his journey to real estate began
The 3 Basic Buckets of Wealthy Individuals
People who climbed up the corporate ladder
Business owners and entrepreneurs
Real estate investors
[07:04 – 11:57] Focusing on Multi-Tenant Office Buildings
Brian talks about the process of shifting his focus into the office asset class
[11:58 – 21:42] Everybody Wants to be Wealthy
Brian shares what it’s like from his point of view, marrying into an affluent family
Responsibilities and risk factors in maintaining wealth
It’s not just about the money. It’s also about culture.
[21:43 – 29:21] Work-Life Balance
Growing the business while maintaining a good family relationship
Living in the COVID era
Brian’s advice on growing generational wealth
[29:22 – 36:19] The Contrarian 3-Pack
What would you say is the most contrarian investment within your portfolio?
“Suburban office is probably my contrarian player right now.”
What’s your favorite activity to do with your friends and family outside of work?
“I’ve started being more intentional about making the weekends, weekends.”
What actions, whether within work or family, offer you the most fulfillment in life?
My wife and I decided to support the school our children are attending.
Connect with Brian online! See the links below.
“When you ask people to tell you about themselves, they’re going to talk. I mean people like to talk about themselves, it’s a natural thing. And so, you start seeing themes across these multiple conversations.” – Brian C. Adams
“[Rich people] are just like your family. They are crazy. They have personalities. They have problems. They have strengths and weaknesses. They just have more zeroes behind their number, but it doesn’t mean that they are not real people who have real problems.” – Brian C. Adams
“If it’s just about the money and if it’s just about the returns, I think it’s very difficult to be successful for more than two generations in a family. I think it has to be more about the culture and your identity and the story and being a good steward for multiple generations of families for a higher purpose.” – Brian C. Adams
You can connect with Brian on LinkedIn. Visit the Excelsior Capital website to know more.
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