The Challenges of Wealth: Mastering the Personal and Financial Conflicts [Hardcover]

Amy L. Domini (Author), Dennis Pearne (Author), Sharon Lee Rich (Author)

Book Description

Publication Date: May 1988

If you have inherited a significant amount of money, won the lottery, received a lump-sum cash bonus at work, been the beneficiary of a sizable insurance policy... or made substantial financial gains from any other source, you are facing a unique set of problems.

Because wealth presents a great range of choices about your career, spending, saving, giving, education, recreation, and every other facet of life... having a lot of money can make you feel different from other people. And like most people, you probably don't enjoy that feeling.

'The Challenges of Wealth' shows you how to put your actions and reactions in perspective. By examining your identity and self-esteem...the feelings wealth brings... and your unique background, you can discover how money and self interact.

Domini, Pearne and Rich give detailed information on managing your money by determining: How money changes your relationships with others * How money affects your personal self * Your net worth * What you have to spend * A plan for the future * Protection of your fortune.

They offer you the straight facts about investment counselors...financial planners, stockbrokers, portfolio managers, banks and trust companies, attorneys and accountants. You'll learn who they are, what services they offer, appropriate fees and/or commissions and how to choose the right one for your particular situation.

Product Details

• Hardcover: 420 pages
• Publisher: Dow Jones-Irwin (May 1988)
• Language: English
• ISBN-10: 0870949608
• ISBN-13: 978-0870949609
• Product Dimensions: 9.1 x 6.1 x 1.5 inches
• Shipping Weight: 1.8 pounds
• Average Customer Review: 5.0 out of 5 stars  See all reviews (4 customer reviews)
• Amazon Best Sellers Rank: #1,007,085 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

24 of 25 people found the following review helpful:

5.0 out of 5 stars This is an excellent book, January 29, 2003

By 

Don McNay "www.donmcnay.com" (Richmond, Ky USA) - See all my reviews
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This review is from: The Challenges of Wealth: Mastering the Personal and Financial Conflicts (Hardcover)

It is old, almost impossible to find, and I suspect that only the author and I have ever read it but it is a very good book.

I am a structured settlement expert and do financial planning for injury victims and often quote this book in lectures.

First book I ever came across on the psychology of receiving sudden wealth. The insights into the guilt that injured people and people who inherit wealth sometimes feel is priceless. Worth owning just for that.

Took me about a year to get a second copy of the book after my original was lost but it is worth waiting to have again.

Don McNay...

15 of 15 people found the following review helpful:

5.0 out of 5 stars An excellent tool for understanding this complex subject, August 2, 2003

By 

Thayer Willis (Lake Oswego, Oregon) - See all my reviews

This review is from: The Challenges of Wealth: Mastering the Personal and Financial Conflicts (Hardcover)

"The Challenges of Wealth" is full of practical information, exercises and tremendously useful advice. The authors address both technical and psychological issues; and in so doing, provide a complete exploration of the important concerns that wealthy individuals are likely to encounter. It is written in a clear, accessible style and is easy to read. The points made in the book are equally educational to the wealthy and to the financial planners, investment advisors, attorneys, accountants, philanthropy consultants and counselors who work with them. For anyone curious about this subject and looking for answers, this book is a must-read.

7 of 7 people found the following review helpful:

5.0 out of 5 stars Everyone should read this book..., April 4, 2008

By 

Dottie Randazzo "Reader of Everything" (Delaware, USA) - See all my reviews
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This review is from: The Challenges of Wealth: Mastering the Personal and Financial Conflicts (Hardcover)

Just like the tag line on the cover "Mastering the Personal and Financial Conflicts" reads... this book covers all of the bases regarding the challenges of not only wealth... but money. The book covers how you view yourself, your reactions to wealth, your relationships with those around you, what it means to strike it rich, handing inheritances (not only the money but grief and guilt), trauma and divorce, growing up wealthy, passing money along, integrating money and self, all of this is only in the first part of the book. The second part covers things like what you owe and what you own, what you have to spend, scripting your future, protecting your future, where to find good financial help, trust and trustees, managing money for the old and the young and sharing. Highly recommended.