In this candid conversation, Andrea and Suzy explore the complex emotions that come with inheriting family wealth. Suzy, a third-generation wealth inheritor, shares her journey from feeling shame about "unearned" money to becoming empowered to take control of her financial future.
Key Topics:
- Wrestling with the psychology of inherited wealth and finding your authentic relationship with money
- How marriage dynamics change when one partner has family wealth
- Taking ownership of financial decisions and realizing you can change inherited structures
- Balancing family legacy with personal values and goals
Special Focus: Suzy discusses her new children's book project designed to help parents start age-appropriate money conversations with their kids, inspired by her 6-year-old son's reaction to traditional financial education.
Perfect for next-generation wealth holders, family business members, and parents raising children in wealthy families.
Chapters in this episode:
00:00 Introduction and Guest Welcome
02:25 Suzy's Third-Generation Inheritance Story
07:03 Wrestling with "Given, Not Earned" Feelings
12:47 Finding Your Authentic Relationship with Money
19:15 Marriage, Boundaries, and Financial Independence
25:41 Navigating Wealth in Friendships and Social Settings
29:57 Taking Control: From Inherited Advisors to Personal Stewardship
32:02 The Power to Change What Doesn't Fit Your Life
38:04 Children's Books: Teaching Money Values Early
41:12 Connecting with Suzy and Final Thoughts
Connect with Suzy Riedman:
Website: https://familywealthdynamics.com
Join the Waitlist for Suzy’s Books: https://familywealthdynamics.com/waitlist
Email: suzy@familywealthdynamics.com
LinkedIn: https://www.linkedin.com/in/suzanne-riedman/
Connect with Andrea Carpenter and Your Next Gen Friend:
Website: https://yournextgenfriend.com/
Your Next Gen Friend on Instagram: https://www.instagram.com/yournextgenfriend/
Your Next Gen Friend on Youtube: https://www.youtube.com/@yournextgenfriend
Andrea on LinkedIn: https://www.linkedin.com/in/andreashaver/
Subscribe to "Your Next Gen Friend" on your favorite podcast player:
Spotify: https://yournextgenfriend.com/open-spotify
Apple Podcasts: https://yournextgenfriend.com/apple-podcast
Podcast theme music by Transistor.fm.
