The True Wealth Project

Are you seeking the keys to creating lasting wealth and leaving a meaningful legacy? 

Delving into the depths of wealth creation and legacy building requires more than just financial acumen—it calls for a vision that transcends generations. The pursuit of lasting wealth isn't merely about accumulating assets; it's about crafting a narrative that leaves an indelible mark on the world. 

In episode 29 of The True Wealth Project podcast, Sascha Janzen has an insightful conversation with Richard Orlando, the founder of Legacy Capitals, about the concepts of legacy and intergenerational wealth.

With over 25 years of experience, Richard has advised high and ultra-high-net-worth families, many of whom are leaders of family enterprises. He has also trained thousands of advisors to incorporate qualitative, multi-generational planning into their financial services.

Before founding Legacy Capitals, Dr. Orlando spent fifteen years leading Merrill Lynch’s Global Practice Management Consulting Group and worked in Merrill’s Family Office division. His insights have been featured in various publications, including The New York Times, Bloomberg Business, and The Wall Street Journal online.

Dr. Orlando holds a diverse educational background, including a Bachelor of Science in computer science and business from St. John’s University. He pursued a Wall Street career after obtaining Series 7 and 63 licenses, later earning a master’s in counseling/theology from Trinity International University and a doctorate in family systems from Seton Hall University, focusing on wealth management family teams. He instructs for the Investments & Wealth Institute’s CPWA Certification Program, is a faculty member of the UHNW Institute, and holds a family wealth advising certificate from the Family Firm Institute. Dr. Orlando is also a certified professional coach through the International Coach Federation. 

He is also the author of “Legacy: The Hidden Keys to Optimizing Your Family Wealth Decisions” and “Love Your Clients: the tale of the Whole Family Advisor”.

During the episode, Richard addresses five different types of capital that every family should develop and build. He also poses five questions that every family needs to work through when developing an intentional legacy.

Richard emphasizes the importance of love and impact, as well as the challenges of serving multiple generations within families. He also shares insights on raising happy children, transferring wealth, preparing the next generation, and handling family conflicts. 

Richard and Sascha also talk about the essence of legacy in family wealth, what it means to have a legacy mindset, the challenges of first and second generation wealth, about impact investing and generational perspectives and more.

As Richard reflects on his legacy, he hopes to be remembered for his dedication to helping families thrive across generations. With a focus on building bridges, fostering communication, and empowering future leaders, Richard's impact extends far beyond financial planning—it's about nurturing the soul of family wealth.

Don't miss out on episode 29 of The True Wealth Project podcast, where Sascha and Richard delve into the transformative power of legacy planning and the enduring impact of family wealth!

Connect to Richard Orlando

Are you ready to dive into a world of international tax planning, immigration and offshore wealth?

If you're thinking of moving abroad, you should start planning early, consider potential risks and seek expert advice for a smooth transition of your business. Protect your assets and ensure financial stability while staying tax efficient, understand the tax and legal implications and plan for contingencies. You don't want any surprises down the line. 

In episode 28 of The True Wealth Project podcast, Sascha Janzen has an insightful conversation with David Lesperance, one of the world's leading international tax and immigration advisors and a published author in the field.

David’s journey into international tax and immigration law stemmed from his unique background as a Canadian immigration and customs officer while studying law. With over three decades of experience since being called to the bar in 1990, David has successfully advised high and ultra-high net worth individuals and their families. Supported by a dedicated team, his innovative backup plans provide comprehensive solutions aligned with clients' financial, family, and business situations.

During the episode, David and Sascha will talk about the rising relevance of immigration and offshore wealth in today's ever changing landscape. They will explore different jurisdictions, tax treaties and immigration options. 

David also delves into his personal background, growing up on the Canadian-U.S. border and working as an immigration officer. He shares anecdotes about his early career, studying law, and the pivotal moments that shaped his passion for international tax and immigration.

Listeners will gain a comprehensive understanding of the factors driving individuals to seek alternative residences and citizenships as a proactive approach to potential challenges.

David's insights extend beyond the technicalities of tax planning. He explores the broader implications of political and economic shifts, emphasizing the need for a well-designed "fire escape plan."

Drawing parallels between these plans and traditional fire prevention measures, he highlights the importance of having a robust strategy in place, even if not immediately implemented.

Throughout the episode, David shares practical examples, anecdotes, and strategies that provide listeners with valuable takeaways. Whether you're a seasoned professional in the field or someone looking to grasp the fundamentals of international tax and immigration planning, this episode promises to be an enlightening journey.

Don't miss out on episode 28 of The True Wealth Project podcast, where Sascha Janzen and David Lesperance unravel the complexities of global financial planning, offering actionable insights to safeguard your financial future! Listen now!

Resources:

Connect to David Lesperance

As a parent, have you ever asked yourself if your teenagers are well equipped for their financial future as they are approaching the adult life? Have you ever wondered why schools do not provide any financial education? Do you feel overwhelmed and not well equipped to fill the gap?

Well, you're not alone.

In episode 27 of The True Wealth Project podcast, Sascha Janzen has an insightful conversation with Marilyn Pinto, who has made it her passion and mission to provide financial education to teenagers on a large scale.

Marilyn is the founder of KFI Global - an education company that specializes in teaching kids and teens how to make smarter money decisions - and the author of the book "Smarter, Richer, Braver: Unleash the Power of Financial Education to Turbocharge Your Teen's Future."

During the episode, Marilyn is going to reveal why financial education struggles to become a priority in government and school policies. She'll shed light on constraints faced by schools, disparities in teaching methods, slow-paced reforms, and the complexity of integration, offering a comprehensive understanding of the challenges hindering its inclusion.

Listeners will find out Marilyn's groundbreaking approach to financial education for young adults. Her strategic collaboration with financial institutions, innovative workshops, and the 5 Rs engagement strategy are set to transform conventional financial literacy programs.

She'll also share essential steps for parents to offer practical financial guidance to children, emphasizing the criticality of teaching financial literacy progressively, involving kids in discussions, and laying a robust financial foundation before delving into investments. Moreover, Marilyn will highlight parenting strategies to cultivate financial independence in children.

Listeners will gain insights into common missteps hindering the development of a healthy money mindset in children. Marilyn will caution against excessive lecturing, overestimating the impact of a single finance book, rushing into investment discussions, and more.

Tune in to episode 27 of The True Wealth Project podcast and discover Marilyn Pinto's invaluable insights. Her innovative strategies and guidance offer hope amid challenges, paving the way for a future generation poised to tackle financial complexities confidently.

Join the conversation and reshape a landscape where financial literacy becomes an essential skill for all.

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Imagine this: You've poured your heart and soul into building a successful business. You've navigated the highs and lows, celebrated victories, and weathered storms. Your company isn't just a source of income; it's your legacy, your pride, your life's work. And then, the time comes to part ways. It's a moment of profound significance, not just in financial terms, but in emotional and personal ones.

This is where Denise Logan, known as the Seller Whisperer, steps in. She's not your typical business expert focused solely on numbers and deals. Denise delves deep into the intricate interplay of work, finance, and purpose when it comes to selling businesses. Her insights have transformed countless lives, helping business owners navigate the emotional rollercoaster of letting go.

On episode 26 of The True Wealth Project podcast, Sascha Janzen sits down for the second time with Denise Logan to continue the insightful discussion they had in episode 15 by delving even deeper into the secrets of successful business transitions.

Denise shares her transformative insights that have a global reach, impacting mindsets, preventing deal breakdowns, and adding profound meaning to this pivotal life transition. She will emphasize the importance of acknowledging the emotional attachments, concerns, and values of business owners, going beyond the financial aspects.

The two of them also discuss strategies for uncovering the true motivations of business owners in sales conversations, focusing on building trust, setting realistic expectations, and aligning with the client's goals.

You will learn about the delicate balance between financial and non-financial priorities in business sales and transitions, and how understanding the emotional and personal aspects of the seller's decision is key to making an offer that resonates with their values and aspirations.

You will find out that business is not just about profits and losses; it's about the people, legacies, and values that define it. Denise's approach stands as a testament to the power of empathy, trust, and lasting relationships, and she encourages meaningful conversations about legacy, shared values, and motivations.

Listen now and enjoy this thought-provoking episode as we uncover the profound wisdom of Denise Logan, the Seller Whisperer, and learn how to navigate the emotional rollercoaster of letting go and achieve a more meaningful and successful business transition.

Resources:

How to find Denise:

In today's fast-paced world, we often find ourselves chasing success and wealth, driven by societal expectations and external symbols of prosperity. The pressure to keep up with the Joneses can lead us astray from our true passions and values, leaving us feeling unfulfilled and disconnected from our genuine selves.

Deep down, we know that true wealth is not just about the numbers in our bank accounts, but about the quality of experiences, the joy of pursuing our passions, and the impact we make on others' lives.

On episode 25 of The True Wealth Project podcast, Sascha Janzen sits down with Jason Graystone, a visionary who redefines what it means to live a purposeful life to talk about his journey to financial freedom, the true essence of wealth and how to create a life that aligns with our hearts' desires.

Jason, a self-made millionaire and master of financial freedom, shares his remarkable journey to success, starting from a young age. Through trading, investing, and building businesses, Jason achieved complete financial independence by the age of 30. Now, he dedicates his time to helping others unlock their potential and find their own paths to true wealth.

At the core of Jason's philosophy is the idea that true wealth is not just about money in the bank; it's about aligning experiences and possessions with our individual values and desires. Rather than comparing ourselves to others, he encourages us to define wealth based on our unique preferences and interests. Whether it's spending time with loved ones, pursuing hobbies, or engaging in philanthropy, true wealth comes from living a life in harmony with what brings us joy and fulfilment.

During the podcast, Jason shares five essential steps to financial freedom and fulfilment, guiding us through a systematic approach. From gaining clarity about our values and goals to exploring low-risk investments and expanding our income, these steps provide a roadmap towards a more secure and fulfilling financial future.

In the pursuit of financial freedom, Jason cautions against common pitfalls. He advises us to avoid succumbing to societal pressure and to stay true to ourselves and our passions. Rushing into high-risk investments without proper preparation can be detrimental, emphasising the importance of gradual learning, discipline, and responsible decision-making.

If you're ready to redefine your perspective on wealth, join Sascha and Jason on The True Wealth Project podcast as Jason shares his wisdom on creating a life filled with purpose, financial freedom, and genuine fulfilment. 

Discover how you can achieve true wealth and make a lasting impact on your life and the lives of others. Embrace a path to financial independence that aligns with your heart's desires, and embark on a journey towards a more purposeful and fulfilling life.

Sign up for The True Wealth Project Podcast newsletter to stay updated and never miss an episode: 

Are you an entrepreneur who wants to positively impact the world?

Do you feel that despite your success in business you haven’t found fulfilment and have doubts if you can actually leverage your wealth to make a massive difference? 

Do you believe that “doing good” and “making money” can’t exist together and that the only way you can contribute is by using the money you make in your business to fund a charity or set up a foundation? 

What if we told you that you can do good and make money at the same time?  What if we told you to do good INSIDE your business while continuing to thrive?  

Bessi Graham, the co-owner of Benefit Capital in Melbourne, Australia, believes that business can be an incredibly powerful agent for change. She works with business owners to help them put their time, talent, and treasure to work in ways that align with their values and allow them to create a legacy they can be proud of. She joined Sascha Janzen on episode 24 of The True Wealth Project to talk about that and share some of her secrets on how we can bring “doing good” and “making money” back together. 

They talk about:  How can a business be a force for good in a sustainable way?  Bessi believes that, first of all, “what makes us be able to maintain the doing good inside the business is that we have to really think about what we as either an individual owner or a family care about.” How you can start doing good INSIDE your business: There are three ways you can start. Bessi and Sascha talk through all three ways. 

The Mother Teresa trap: There are four common traps we can fall into when we want to help and contribute. Good intentions aren’t always enough. And doing good is not as easy as it may seem.   Awareness is the first step to take if you want to make a true impact and avoid unintended consequences.  

Bessi believes that there are four common traps we can fall into when we want to help. She takes us through all four traps in the conversation. How can these four traps be avoided? Bessie also believes that awareness is the key and that it is important for business owners to recognise that there is value in slowing down and actually just doing the reflective process of really getting to some clarity upfront. If you do that, then a lot of those unintended consequences can be avoided because you can anticipate them. 

For these and many more invaluable tips on how we can bring “doing good” and “making money” back together and transform your business into an incredibly powerful agent for change, tune into episode 24 of The True Wealth Project Podcast! 

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If you are the founder of a family business, you’ve certainly worked really hard to secure its future, not only for your children but also for future generations.

But now, when the time has come to start handing over the reins, things seem to be harder than you initially thought.

You may feel like your kid is not listening to your advice that comes from years of experience and solid expertise, and they try to change everything without understanding what it really takes to build a business.

On the other hand, if you are a NextGen starting to take over the family business you may feel that the founder is never listening to your innovative ideas, that they never want to back up and let you make your own mark.

In family businesses, this is typical when the guard changes.

Unfortunately, oftentimes this generational gap leads to conflict that can seriously affect family relationships and can even lead to destroying the business.

And this is something you certainly don’t want to happen.

But what can we do to prevent this?

What do you have to do if you want to start building a business legacy or building a legacy business that lasts for more than one generation?

How do siblings become good business partners?

For this and much more, tune in to a new episode of The True Wealth Project! The award-winning family business strategist, Nike Anani joined Sascha Janzen on episode 22 of The True Wealth Project to discuss just that.

A business founder but also a NextGen in her own family business, Nike has the ability to empathize with both generations and act as a connector. 

Following my break in 2021, I am back in the trenches with plans for 2022. Join me for this short episode as I take stock of my podcast journey so far and take a look forward to 2022. Please take some time to like, rate and review The True Wealth Project Podcast on Apple iTunes And do not forget to subscribe to The True Wealth Project Newsletter to receive actionable tips and join our community.

Send me an email with feedback, questions or any suggestions for interesting guests: truewealth@janzenco.com

If you wonder how to make your philanthropy work and how to make it matter, join my conversation with Annie Moon, philanthropy advisor and founder of impact consultancy Be The Difference as we uncover how you too can be more strategic about your giving efforts.

To make a real and tangible difference you need to join all the dots and stakeholders and work with them towards the change you want to make. How to you strike a balance between your big vision and specific steps to "start somewhere"? 

Have you done your ground work and considered that you want to get out of being a philanthropist? Do you look at philanthropy as a learning experience? Have you embraced failure as something that you just need to move through? 

Listen in as we discuss these and many more questions about how to get your philanthropy going.

Do not forget to sign up for our newsletter to be notified about new episodes and receive educational content (such as the cheat sheet with Rob's tips on how best to make a real impact) on how to achieve a state of True Wealth and how to build your own legacy

In this episode I am joined by Masami Sato, founder and CEO of B1G1. Listen to our conversation and find out how far a little can go when combined with habit and network. I was intrigued and inspired to apply this in our own family and as a business. Masami and B1G1 help to rediscover our purpose and passion and to connect this to our day to day activities. Kick the procrastination, stop overthinking and just get started!

As a result of this interview 4 mango trees are to be planted in Kenia that will carry the educational for one child for an entire year - every year once it starts carrying fruits.

Do not forget to sign up for our newsletter to be notified about new episodes and receive educational content (such as the cheat sheet with Rob's tips on how best to make a real impact) on how to achieve a state of True Wealth and how to build your own legacy

Bob became an international impact maker after he fought off his cancer and witnessing 09/11 in New York. He since developed a humbing approach to impact making and has some useful tips on how to make a real impact - small or large. He believes everyone has a special ability and a calling to make an impact.

I really enjoyed this conversation and found a lot of useful tips which I will share in a cheat sheet soon.

Do not forget to sign up for our newsletter to be notified about new episodes and receive educational content (such as the cheat sheet with Rob's tips on how best to make a real impact) on how to achieve a state of True Wealth and how to build your own legacy

In this episode I have a chat with Brian C. Adams who grew into a family office as an in-law member. We talk about how hitting numbers does not provide happiness and how to find a sense of purpose by encouraging change on a larger scale.

Brian also gives in depth insights into the inner workings of a G1 family office to a small family and the challenges that come along with being part of it. He explains how a governance structure can help to provide a link between the generations and be a safeguard for rainy days. He makes the case for treating a family office like a small business and for making sure that the family office can sustain a lifestyle for more than one generation of the family.

Do not forget to sign up for our newsletter to be notified about new episodes and receive educational content on how to achieve a state of True Wealth and how to build your own legacy

In this episode I talk with money coach Fanny Snaith about what a wonderful tool money can be and how you can fall in love with it - in a  positive way.

Is money a taboo topic in your life or do you openly talk about it in your circle? How do you run your money? Do you make conscious or unconscious money choices? What are you doing to look after it? How are you spending your money? What money behaviours do your children see and observe? How can you inspire money confidence?

Are you aware of your relation with money? Are you fully comfortable with money or do you, too, have unresolved money issues? Learn how to master your money types and accept money as the tool it is meant to be.

Do not forget to sign up for our newsletter to be notified about new episodes and receive educational content on how to achieve a state of True Wealth and how to build your own legacy

In this episode I talk to Denise Logan about who we are once we sell our business or retire or our successor takes over from us.  Denise has a way of getting people to think deeply about what work provides for them aside from money.

We also talk about why you may want to ask about the book on someone's nightstand rather than what they do for a living.

Have you thought about how you launch into retirement? Towards what are you working? How many post-work weeks have you left on the clock and what does it all mean in the end?

Do not forget to sign up for our newsletter to be notified about new episodes and receive educational content on how to achieve a state of True Wealth and how to build your own legacy

My guest Vicki Wusche has her own take on what constitutes wealth - Do you, too, want to live the way you want? What would you do if you never had to work another day in your life?

Discover your 4 Ms and find out how they can help you to start building your legacy with ease and clarity.

Also find out how much is enough, more than enough and much more than enough and why it is important you know these three key milestone marks.

Do not forget to sign up for our newsletter to be notified about new episodes and receive educational content on how to achieve a state of True Wealth and how to build your own legacy

Have you got all your eggs in one basket?

Have you charged your money battery?

Are you in financial panic mode or do you look at a 10-years plus horizon?

Find out about Robert Gardner's Top 10 Tips on how to manage your finances in times of crisis. 

Listen to my conversation with Laura A. Roser of Paragon Road to find out how to kick start building your own legacy. Also find out that it is your decision whether your legacy will be accidental or intentional. 

Have you developed your non-financial assets yet?

Are you fully aware that your legacy has little to do with money or wealth but a lot to do with your relationships?

Join the True Wealth Project community now and get free access to 5 Types of Stories All Parents Should Tell Their Kids:

In my chat with Robert Gardner of Redingoten we are digging deep into the need for financial education and why it is so important to give children a financial education by the age of 7.

Also, did you know that of all people questioned internationally, only 30% were able to answer 3 basic questions about finance and interest and that the World Economic Forum recommends financial education to be included in school curricula worldwide?

Meet the man who co-founded two successful businesses, a charity and who wants to stop climate change by responsible investment and listen to episode 11 of the True Wealth Project Podcast (which is the first episode with a bit of music too - let me know what you think!)

Join the True Wealth Project community now

In this episode I talk to Mairi Mickel, family business advisor with her own 4th generation family business shareholder background. Listen in to find out her unique take on how to get succession planning going and how philanthropy can set the scene without breaking the bank.

Did you know that only some 30% of surveyed advisors (such as wealth managers, lawyers, accountants)  even offer any services related to philanthropy although the majority of their clients would like to have access to such services?

Did you know that there are 23 distinct services that philanthropists may require?

Join in my conversation with John Pepin of Philanthropy Impact to find out what it takes to increase and improve philanthropic activities.

You may also be interested to hear how John interrogates me about my motives to run the True Wealth Project Podcast....

Listen in on my conversation with Jed Emerson and how we go deep into the purpose of being and the purpose of capital and how we can re-connect ourselves with our neighbours and the environment. And by the way, did you know that the Rockefeller Foundation coined the term "Impact Investing" and that the origins of impact investing go as far back as 1604? Join us for all this and more. 

In this episode I have a chat with Dorian Furlonger and we look at politics and why it is time for politics to grow up, how families can contribute to a win-win political system and what role AI can play in rediscovering root questions. Also learn what values are shared by cultures across the world and how that can help to overcome differences.

In my conversation with Sylvia Brown of Rhode Island you can learn how to live an 11-generation philanthropic legacy, how to use philanthropy as a tool to keep the family together and how failure to do so can make you feel lonely.

Also find out how to kick start your own philanthropic journey in 5 easy to follow steps and how to best involve the family early on.

In this episode we are exploring how to overcome the shirtsleeves-to-shirtsleves-in-three-generations predicament.

Also learn why it is important to have a 100-year perspective when thinking about wealth succession and why you should ask "why?" at least 5 times to get to the bottom of it all. And then, what does it all have to do with F.I.S.H.?

Listen to my conversation with Steve Legler to find out why you should involve the entire family in preparing your wealth transition to the next generation, why it is easier than you think to get started and why people are more important to your legacy than assets.

How to find Steve:

Listen to my conversation with Karen Sutton Johal, author of "The 4 Money Mindsets" and find out how to identify your own limitations and beliefs about money. Karen shares some interesting insights on how to change your money mindset and no longer let money control your actions.

How to find Karen: