How to Rule Your Wealth Rather Than Having It Rule You

Have you ever wondered how inheriting wealth can shape one's life beyond the financial aspects? 

In this episode, our guest is Chip Fisher, the founder of Ursus Advisory, a consultancy practice dedicated to advising ultra-high-net-worth individuals and their next generations on the nuances of managing inherited wealth. Chip, drawing from his rich background and personal experiences, sheds light on the idiosyncratic yet emblematic stories of families navigating the complexities of wealth. Through candid discussions, the episode explores the transformative journey of understanding wealth's impact on identity, relationships, and societal contributions. 

[00:01 - 07:56] Exploring Wealth's Waters

• Chip Fisher's journey into the world of wealth consultancy
• The significance of understanding one's origins and the impact of wealth on identity
• The empathetic approach towards advising ultra-high-net-worth individuals

[07:57 - 14:01] Finding Purpose Beyond Money

• The entrepreneurial mindset as a pathway to meaningful engagement with wealth
• The importance of finding purpose and passion beyond financial security
• Insights into Chip's approach to offering value and empathy in his consultancy practice

[14:02 - 21:57] Navigating Personal Connections

• The complexities of relationships within the context of inherited wealth
• Strategies for fostering authentic connections and avoiding the pitfalls of wealth in social dynamics
• Chip's reflections on friendship, partnership, and familial bonds in the shadow of affluence

[21:58 - 28:46] How to Embrace Simplicity and Fulfillment

• Chip Fisher's philosophy on living a meaningful life amidst wealth
• The role of hobbies, interests, and community in enriching one's life
• The importance of self-care and doing things that bring joy and personal growth

[28:47 - 37:11] The Road Ahead for Wealth Stewards

• The future of wealth management and the evolving role of advisors
• Chip's insights into the onboarding process and the journey with his clients
• The significance of self-care and daily practices in maintaining balance and peace

Key Notes:

"The greatest thing you could do for yourself is to be well-read and informed." - Chip Fisher

"You have to live your life as if the money is not a subject you need to deal with all the time." - Chip Fisher

Connect with Chip!

LinkedIn: https://www.linkedin.com/in/chipfisher 

Website: https://www.fisherwallace.com/ 

This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.

Connect with me:

https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)

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