At a young age, my grandfather discovered
that he had inherited enough money to survive without having
to work. He was deeply ambivalent about his inheritance
and what people would think of him, and he passed this ambivalence
on to both his children and grandchildren. Despite his own
long career working (without receiving an income) and his
mixed feelings about inheriting, my grandfather set up trusts
for all of his grandchildren, before any of us were born.
By the time I became aware of my inheritance,
my older cousins and siblings (there are 17 of us) had been
wrestling for years with issues that often accompany inherited
wealth, such as feelings of guilt and isolation or decisions
about how much to give away or share with spouses. In order
to break the family silence around these issues, many of
the grandchildren decided to gather together and speak about
our struggles. Our silence had arisen from a sense of etiquette
and humility, but also from the fear of what others would
think—both within the family and outside it.
At the gathering, we realized that we had
much in common. For example, our grandparents had believed
strongly in philanthropy. They made a habit of giving away
at least one-third of their income each year. This habit
of philanthropy has extended into the succeeding generations;
the children and grandchildren are involved in public service
and philanthropy, locally as well as internationally. We
also discovered that there were big family messages—largely
unspoken—that had been passed down to all the cousins:
avoid conspicuous consumption, give anonymously, and never
spend capital. Another taboo was naming numbers, as in how
much money one has, spends, or gives away. In fact, speaking
of our money at all just wasn't done. My siblings
and I didn't even learn of our inheritance until we
were 18, when the first of our graduated trusts arrived.
At the gathering, when one of us would give voice to a message
we had received in our family, other cousins would often
say, "Oh yeah, we got that too." It was astonishing.
My grandfather had been dead for 20 years, yet these messages
had come down to the entire third generation. Much of each
weekend gathering was spent laughing and talking about these
shared values and experiences, which, until the discussion,
we did not know we had in common.
Despite these commonalities, there were,
and still are, major differences, as there had been in our
parents' generation —which had experienced considerable
family tension around spending "lavishly" or
"simply." Hearing the range of views among us,
and just knowing that various family members we re making
different choices, was helpful to all of us, including our
partners. We could see that we were not alone. We tried
to share in a non-critical way.We saw that being judgmental
of each other was not going to help. Each person simply
said, "This is what has worked for me." This
was an essential step to increasing sharing. Instead of
putting ideas on the table in a manner that suggested, "This
is the only and correct way," people simply related
their own experiences.
Despite the value of each gathering, it
is not as though there has ever been a sudden opening of
the floodgates and then we all felt wonderful. All of us
continue to struggle in various ways with how to deal with
inherited wealth. The progress towards internal peace remains
slow and unsteady at times, but persistent.
Personally, it has taken me a lot of work
to overcome the fear of judgment (it persists) and also
to discard some of the familial taboos. Slowly, over time,
I have learned that I can put these things on the table
with my cousins and siblings. I have found that the more
I can be open and devoid of judgment, and overcome my own
fears of being judged, the better. For example, at one point,
I became tired of wrestling with the worries of naming numbers—the
fear that someone will judge me for how much I have, or
make, or give away. I decided I could get rid of that fear
in myself, and perhaps help a cousin of mine who was struggling
with how much of his money to give away, so I said to myself,
"I'm going to name some numbers and tell him
the percentages I give away. I am not going to worry about
what he will think." He was very happy with the conversation.
I have been helped to let go of my judgments
by participation in The Life Training Program (www.lifetraining.org),
which helps people uncover the beliefs they hold about themselves,
others, and the world around them. One thing it has helped
clarify for me is that the fear of judgment is often rooted
in one's own tendency to be critical of others. But
judging others can be a tough habit to break because of
a theoretical payoff. After all, when I judge others, I
can tell myself that I am better than they are, and thus
bolster my self-image. This was true for me in my relationship
with one of my sisters. I used to like to live like a pauper
and I had a sister who spent more openly than I did. I made
a lot of negative judgments of her in my own head. Instead
of talking openly to her about my struggles with money,
my comments to her were designed to prove to her that I
was virtuous. Not surprisingly, this did little to facilitate
a healthy, enjoyable relationship between us.
One of the most poisonous aspects of judging
is that the more I judge myself, the easier it is to be
critical of others. If I'm happy with myself, it's
easier to extend acceptance to others. I try to look at
what in myself is leading me to judge others, knowing that
the cost of judging is in fact far greater than the benefit,
though in the moment the benefit seems too valuable to give
up. I have found that a lot of family tensions are born
of judgments, not only of others but of myself. It is by
no means easy, but dropping judgments has gone a long way
in ending the isolation our family has felt as a result
of our privilege.
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