Cultivating Financial EQ to Navigate the Psychology of Family Wealth with Diana Chambers

Today, I have the pleasure of speaking with Diana Chambers, founder of the Chambers Group, and a highly respected Family Wealth Mentor and Philanthropic Advisor. A G3 member of a former UK-based business family herself, Diana is a confidante and advisor to many enterprise families, helping them own, spend, and allocate their wealth wisely. Known for championing the human side of wealth, Diana is a sought-after speaker and the author of "True Wealth: Letters on Money, Life, and Love" and her influential essay "Money Wisdom Unlocked: Understanding Trauma as a Key to Your Financial Behavior". In her work with families, Diana emphasizes the importance of "financial EQ" or "the heart of money" as she calls it. She talks about what she means by "financial emotional intelligence" and why it is important for families, family office executives, and family wealth advisors to understand and practice financial EQ. Money and wealth can be a blessing, but more often than not, it can also be a burden. Diana introduces the connection between money and trauma, and how families can stay educated on the topic and prepare themselves and their individual members to face and overcome the potential psychological challenges that come with wealth. Diane offers her tips and suggestions for our audience on how to anticipate and be prepared for difficult or awkward conversations involving money and wealth. She offers useful examples of difficult or tricky topics members of wealthy families can encounter and provides some guidance on how they should best navigate them. Enjoy this inspiring conversation with a world-renowned thought leader and practitioner in the family wealth and well-being.

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