Do you have concerns that wealth is having a negative impact on your life or family?
Are you concerned that your children do not understand the value of money?
Do you feel guilty or embarrassed to talk about your wealth?
Are you scared that if you died tomorrow your children would be ruined by their inheritance?
Did you recently inherit a life-changing amount of money and find yourself overwhelmed by it?
Are you concerned that your children grew up spoiled from wealth and do not have a good work ethic?
Wealth can cause many different emotions. Many in society talk about how money would make their problems go away. However, many studies show that having more money does not improve happiness. For those who inherit wealth suddenly, it can actually have a negative effect on their life. These are numerous shows about “How the Lottery Ruined my Life.” Inheriting money sometimes bring about feelings of guilt, shame, or even a burden. New Jersey has some of the wealthiest towns in the United States. Many parents are concerned that their children have a perverted sense of money; they don’t appreciate it and think it will bring happiness. It is not uncommon for parents to be concerned that their children may not be ready for wealth they are set to inherit.
New Jersey Family and Addiction Institute Offers Support and Guidance for You and Your Family
Plenty of people talk about how having little money comes with issues. Very few people talk about the issues associated with having a lot of money. Wealth related problems is a real thing. Sadly, for those who are wealthy, they may feel misunderstood and judged by society. They may feel that they need to keep their wealth a secret because if anyone else knew about it they would ask for a hand out. It is common for wealthy people to question the motives of others in their relationships. Society values money greatly. For those who have it, they may feel that people are drawn to them like moths to a flame. They may wonder “Are they friends with me because they like me or because I have money?” Or maybe they wonder “Does she/he really love me or do they just really love my money?”
Counseling can be very helpful in helping with wealth-related problems. It can create an environment where you can share the unique issues of being wealthy without fear of judgment. Here at The New Jersey Family and Addiction Institute we will never say “Oh you have high class problems. You shouldn’t complain.” We understand that issues are issues, regardless of how much money you have. Your therapist can assess the issues you are having to help create a plan which includes realistic expectations and clear steps forward.
Your therapist will work with you to help you recognize why you feel what you feel when you feel it. We will focus on process any troubling emotions you have in regards to your wealth and help you to move forward. Some of our clients have concerns about passing their wealth onto the next generation and “if they are going to be ready for it.” Other clients have recently inherited life changing money and feel slightly lost with what to do now. Your therapist will explore all aspects of the issues you are experiencing and help create a judgement free area for you to feel what you feel.
But, you still maybe have questions or concerns….
So I do feel slightly weird that I have inherited enough money to never have to work again. But is that really a problem? Isn’t this a “high class problem”?
Envision that you never had to work again. Imagine you could have everything in the world. Imagine this happened overnight. Now this may seem like a dream scenario for you. However, studies show that this dream can quickly turn into a nightmare. Research shows that there is no correlation between money and happiness after a certain point. It is common for people to feel that their lives were better before they had money. Problems are problems, regardless of how much money you have or which socioeconomic class you are part of. Country clubs, one of the playgrounds for wealthy individuals, have plenty of issues with marital strife, family estrangement, substance abuse, and unhappiness. There is no reason that you need to experience all of those negative things in your life. It is possible to be happy and content while having money. Counseling can help you process these emotions and help you to find solutions to your wealth related problems.
I am not concerned about myself. I created everything that I have. My concern is that my children have grown up thinking that this is normal and I am scared that it is ruining them.
Children who grow up surrounded by wealth may struggle. This is especially true if they are second generational wealth. They may have a false sense of entitlement. They may believe that having money is normal and not understand the hard work that went into getting it. In this area there are many parents who share the fear that wealth is having a negative impact on their children. It can demotivate and provide a false sense of confidence. Counseling can play an integral part in helping your children adjust to wealth so that they can flourish and become self-motivated.
We provide services in the Morris, Essex, and Union County area. We invite you to call us for a 15-minute free consultation to discuss any questions and concerns you may have about counseling.