Are You Your Family’s Bank? – Epi...
Are You Your Family’s Bank? – Episode #15

The High Worth $hift™ by Robin A. Young, CFP®

Episode notes

This episode provides clarity on the giving conundrum of high-income earners.

First-generation high-income earners are fulfilling the American dream of becoming upwardly mobile.

However, being the first in the family to earn a considerable salary can have an unexpected consequence

You can become the bank to those family and friends who earn less.

High income earners often have “Income Guilt,” which is a response to earning considerably more income than others who earn less.

Once you’ve given and given…

Once you realize that you may be the family’s bank, then resentment builds

First-generation high-income earners often vacillate between feelings of guilt and resentment regarding their giving.

Have you ever considered the true results of  ... 

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