You’ve probably heard the saying, “From shirtsleeves to shirtsleeves in three generations.” The old adage is a pithy commentary on how difficult it is to pass wealth from one generation to the next. “The first generation makes the money, the second generation ‘caretakes’ it and the third generation spends it,” says Patrick Renn, founder and president […]
If you’ve decided that you want to put your money into companies that conduct business in accordance with your values, the next step is figuring out which stocks to invest in. So-called impact investing or socially responsible investing has been gaining traction in recent decades as investors increasingly realize that they don’t have to compromise […]
You’re about to meet one of the Midwest’s most versatile gifts. Buying it is simple and stress-free. It can fit in your wallet. And it takes care of two people on your list. That gift is a gift card at Grand Geneva Resort & Spa in Lake Geneva, Wisconsin. Someone special in your life can […]
During this season of giving, many take the opportunity to make annual gifts to deserving nonprofits. Here’s what you need to know about the tax implications of your charitable donations. When it comes to charitable giving, Americans are generous, donating hard cash, appreciated stock, even art. Last year, we collectively gave a record-setting $375.25 billion […]
Millennials endure a lot of negative press. Born between 1980 and 2000, millennials were the first generation to be “helicopter-parented” and the first to grow up in the digital age, where almost anything can be accessed in a few clicks. As a result, members of the so-called “Generation Me” are often labeled narcissistic and entitled. […]
Susan B. Noyes, Founder of Make It Better Media, was a guest on CNBC’s “Closing Bell” on July 29. During the Retail Investor Roundtable, Noyes told co-hosts Kelly Evans and Bill Griffeth that she is putting her money into companies that have a positive impact on their communities and the world — a concept that is central to Make […]
While 98 percent of wealthy Chicago women say they are confident they will reach their financial goals, 67 percent of them lose sleep over money worries, according to a recent survey by Charles Schwab. Of those who say financial fears keep them up at night, the most common concern is outliving their money. So, what’s […]
You can certainly make an impact in the world by donating money and time to nonprofits and investing in companies that share your values. But, if you want to exponentially multiply your impact, you have to get your whole family involved in giving. In a recent study on giving in retirement, Merrill Lynch asked thought […]
The Northbrook Chamber of Commerce awarded the 2016 Corporate Citizen of the Year Award to First Bank of Highland Park. For 60 years, First Bank of Highland Park, locally-owned and operated, has stood by their tagline: “Where Community is First.” In 2015, the bank supported 38 nonprofits and employees volunteered more than 2,500 hours. The […]
It’s natural to want to give your children the best — perhaps a top-notch education to give them a leg up later in life or some of the luxuries you didn’t have growing up. The problem is that these days, the ways we can indulge our children are virtually limitless. The spending frenzy begins quite […]
