Taking Ownership: From Inheritance Shame to Empowerment with Suzy Riedman

Your Next Gen Friend: A Successor's Guide to Business Transition

In this candid conversation, Andrea and Suzy explore the complex emotions that come with inheriting family wealth. Suzy, a third-generation wealth inheritor, shares her journey from feeling shame about "unearned" money to becoming empowered to take control of her financial future.

Key Topics:

• Wrestling with the psychology of inherited wealth and finding your authentic relationship with money
• How marriage dynamics change when one partner has family wealth
• Taking ownership of financial decisions and realizing you can change inherited structures
• Balancing family legacy with personal values and goals

Special Focus: Suzy discusses her new children's book project designed to help parents start age-appropriate money conversations with their kids, inspired by her 6-year-old son's reaction to traditional financial education.

Perfect for next-generation wealth holders, family business members, and parents raising children in wealthy families.

Chapters in this episode:

00:00 Introduction and Guest Welcome

02:25 Suzy's Third-Generation Inheritance Story

07:03 Wrestling with "Given, Not Earned" Feelings

12:47 Finding Your Authentic Relationship with Money

19:15 Marriage, Boundaries, and Financial Independence

25:41 Navigating Wealth in Friendships and Social Settings

29:57 Taking Control: From Inherited Advisors to Personal Stewardship

32:02 The Power to Change What Doesn't Fit Your Life

38:04 Children's Books: Teaching Money Values Early

41:12 Connecting with Suzy and Final Thoughts

Connect with Suzy Riedman:

Website: https://familywealthdynamics.com

Join the Waitlist for Suzy’s Books: https://familywealthdynamics.com/waitlist

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/suzanne-riedman/

Connect with Andrea Carpenter and Your Next Gen Friend:

Website: https://yournextgenfriend.com/

Your Next Gen Friend on Instagram: https://www.instagram.com/yournextgenfriend/

Your Next Gen Friend on Youtube: https://www.youtube.com/@yournextgenfriend

Andrea on LinkedIn: https://www.linkedin.com/in/andreashaver/

Subscribe to "Your Next Gen Friend" on your favorite podcast player:

Spotify: https://yournextgenfriend.com/open-spotify

Apple Podcasts: https://yournextgenfriend.com/apple-podcast

Podcast theme music by Transistor.fm.