Safe Space with Francesco Lombardo Navigating New Wealth and Identity
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May 27, 2025 Jen Risher, a speaker, philanthropist, and investor, shares her transformative journey from middle-class to sudden wealth. She reveals the emotional complexities of new wealth, including feelings of guilt and isolation. Jen emphasizes the necessity of understanding one's money story and advocates for open dialogues around financial issues to foster connection. The conversation highlights the importance of vulnerability in achieving authenticity and bridging generational gaps in family businesses through mutual understanding and communication.
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Jen's Sudden Wealth Journey
- Jen Risher shares her journey from a middle-class background to sudden wealth after her husband joined Amazon early.
- This transition caused emotional challenges including identity crisis and relationship strain.
Shame of New Wealth
- New wealth can create feelings of shame and isolation because of changed perceptions from family and peers.
- Hiding wealth intensifies shame and gives it power, while openness reduces its impact.
Understand Your Money Story
- Explore your 'money story' to understand your emotional beliefs about money that influence behavior.
- Awareness of these beliefs allows empathy, control, and healthier money relationships.