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Living Richly: Seizing the Potential of Inherited Wealth Perfect Paperback – December 7, 2010

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Frequently Bought Together

Living Richly: Seizing the Potential of Inherited Wealth + The Wise Inheritor: A Guide to Managing, Investing and Enjoying Your Inheritance + The Inheritors Handbook: A Definitive Guide For Beneficiaries (Bloomberg Personal Bookshelf)
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Product Details

  • Perfect Paperback: 175 pages
  • Publisher: Legacy Publications; First edition (December 7, 2010)
  • Language: English
  • ISBN-10: 0976865718
  • ISBN-13: 978-0976865711
  • Product Dimensions: 7.4 x 5.5 x 1 inches
  • Shipping Weight: 10.4 ounces (View shipping rates and policies)
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Best Sellers Rank: #1,258,281 in Books (See Top 100 in Books)

Editorial Reviews

About the Author

Regularly listed among the country's top financial advisors by Worth magazine, Myra Salzer is the founder and president of The Wealth Conservancy, Inc. After founding the firm in 1983, Salzer began specializing in fee-only financial planning as a wealth coach and inheritor s advocate. Her specialty is 'interior finance,' or the personal aspects of inherited wealth. She published The Inheritor s Sherpa: A Life-Summiting Guide for Inheritors in 2005. In 2008, she developed TIES (The Inheritor's Empowerment System), a series of nine steps for inheritors who want to harness the potentials of their wealth and realize their greatest life ambitions. A member of the National Association of Personal Financial Advisors (NAPFA), Salzer is a frequent speaker at conferences in the field of financial services. She has been profiled and consulted in several financial journals and she co-facilitates periodic workshops to help inheritors engage their wealth toward their personal potential. Before entering the financial services industry, Salzer earned a degree in chemical engineering and worked for major corporations in that field. She later became a Certified Financial Planner professional. She also founded a software company, Executor's Resource, to provide estate management and settlement products to executors and other financial advisors. For advancements in the software industry, particularly the development of EstateLogic, Salzer was named Financial Planning Magazine's 'Technology Wizard' in their 2010 Innovator Awards. Salzer has two grown daughters and lives in the foothills of the Rocky Mountains with her husband and dogs. Salzer can be reached through her firm's website,

Customer Reviews

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Most Helpful Customer Reviews

7 of 7 people found the following review helpful By CGinDen on January 25, 2011
Format: Perfect Paperback Verified Purchase
Myra Salzer's book looks at inheritance and how to manage it, through a uniquely human and holistic perspective. She guides (as well as nudges, teases, and encourages) inheritors to consider their wealth as an extension of their personal potential, and offers concrete and thoughtful advice on how to embark on this life-long journey.

Salzer's book suggests three general steps to "living richly."

1. Inheritors need to dig deep and become masters of their stories: the story of the wealth, the story of the family, and the story of who they are and what they value (regardless of the money). This ownership of self allows inheritors to take control, even when uncomfortable, of exactly what their situation is and how they feel about the ways the money is a reflection of themselves.
2. Inheritors should find a trustworthy team of advisors (she details who they might be) to help guide them in where to go with the information they gathered in step #1, and how to make an inheritance act in accordance with the core beliefs, values, and dreams of the inheritor.
3. Inheritors should be active agents when using the inheritance and the chosen team, accepting both the burden and the freedom that the wealth brings with it, to live a deeply satisfying life focused on the dreams and visions they want to bring to fruition. At the same time, planning effectively such that all this can happen, and the wealth itself is still conserved (an important concept in this book) in the form of a legacy for future generations.

At the beginning of one of her chapters, Salzer quotes the Chinese author and inventor Lin Yutang: "The wisdom of life consists in the elimination of non-essentials. Besides the noble art of getting things done, there is a nobler art of leaving things undone.
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3 of 3 people found the following review helpful By Robert N. Veres on December 17, 2010
Format: Kindle Edition
I'm a longtime writer in the financial planning/financial services field. Those of us who have been around for a long time know that Myra Salzer's firm, The Wealth Conservancy in Boulder, CO, is the pioneer and still acknowledged expert in providing financial advice and personal empowerment and assistance to people with inherited wealth. Once again, she has literally written the book on the subject--and of course it's sensitive to the extremely important fact that receiving money from parents, and especially deceased parents, can be more of a burden than a blessing, most especially if there is no training in how to manage or control it.

This is the best guide you are likely to find anywhere on how to turn a problem into a blessing, how to gain strength from information and the reassurance that others have overcome challenging situations that may be similar to yours.

In my experience, there are several different kinds of financial advisor, ranging from predators at the bottom all the way up to empowerers, who use their expertise to help you succeed, and measure success by your progress and growth. The Wealth Conservancy is a great example of what's best about financial services, and you'll find that here.
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1 of 1 people found the following review helpful By RH on December 28, 2010
Format: Perfect Paperback Verified Purchase
This book contains a lot of great, practical advice not only for inheritors and their advisors but just about anyone else, too. It provides some basic advice about how to simplify and leverage one's financial life so that they can focus on maximizing their personal potential.
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