Blog articles published on ricksondsouza.com
Here’s one of those stories that inspires us to do things differently. Not because of its grandeur – but because of its simplicity. A common friend and client introduced me to Vishesh. This friend knew that Vishesh had a well-paying corporate job. But there was a concern, a friendly worry, that Vishesh might splurge his hard-earned money on things he…
On January 27th, 2023, we closed a case that qualified us for MDRT’s Top of the Table in one transaction. You know what that means if you’re in the MDRT circle. Essentially, we closed a single case that earned us a high six figures commission check. Sure, it was 27 days into the year that we checked that goal off…
Family businesses are complex organizations. Their complexities go beyond those of a typical corporate. Sure, the usual firefighting does have to happen – people, operations, cash flow, and the rest. But beyond those typical challenges, there are interpersonal family dynamics amongst involved and active family members. There are business heads (family members) with different personal and professional agendas, all of…
They say, ‘Not all debt is bad debt.’ And they’re right. Bad debt creates financial burdens. Impulsive borrowing and credit card debt fall into this category. Good debt, on the other hand, refers to borrowing that has the potential to enhance your financial well-being or generate long-term value. For instance, a home mortgage allows you to build equity, enjoy tax…
Meet Vikas. He is a family-business entrepreneur with a rather classic problem: His family has been purchasing and saving gold for nearly three decades now. And I don’t mean gold as in jewelry – they’ve been buying, bartering, and saving actual gold bricks. For the sake of this case study, let’s assume they’ve got about US$ 2 million saved up…
Over the last few weeks, I’m finding myself in an increasing number of conversations with ultra-high-net-worth entrepreneurs and their families. These businesspeople and their families often have one recurring question: ‘When we’ve got so much of everything, why do we need even more?’ They’ve got abundant cash reserves, hefty investment portfolios (enough for them to lead very, very comfortable lives…
