Kristin Keffeler is the founder and owner of illumination360. She is an advisor and certified professional coach with specializations in business design, leadership, human motivation and behavioral change, family dynamics, and the ‘inner work’ of money.
In this episode, we dive into Kristin’s research and subsequent Master’s thesis titled, Becoming the Rising Generation: Uncovering the Path to Thriving for the Next Generation in Ultrahigh Net Worth Families. We explore her findings and why they matter. Kristin shares four key challenges of growing up in wealth and what we can all be doing to move from helplessness to learned mastery. This piece is especially important for parents of younger children. As Kristin said, “Small doses of adversity at the right times and in the right ways help us overcome helplessness.”
Sponsored by: 2019 Financial Wellness Coaching and Master Mind
This episode is sponsored by Successful Generations 2019 Financial Wellness Coaching and Master Mind Group. Ready to meet you money goals in the new year? Join us! We are now accepting members of our beta group. Email email@example.com to learn more.
In this episode:
- Meet Kristin Keffeler (3:53)
- How did you chose the topic of your thesis? (10:02)
- Why does this topic matter? (19:00)
- Rising Generation vs. Next Generation (23:19)
- The hypothesis (27:03)
- The hidden challenges of growing up with wealth (35:03)
- The journey from helplessness to learned mastery (42:54)
- Surprises in the research (53:16)
- How to find Kristin (58:50)
- Bonus questions (59:26)
Notable & Quotable:
I help develop the leadership, communication and beneficiary skills for the next generation to have a place and a voice at the table. —Kristin Keffeler #successfulgenerations
The psychology and the way people operate with unearned wealth, or inherited wealth, is different than earned wealth. —Kristin Keffeler #successfulgenerations
Those who are part of the next generation are humans, in a position that they didn’t pick, and dealing with a lot of issues that often aren’t acknowledged. —Kristin Keffeler #successfulgenerations
The model of the Giving Pledge illustrates the power of concentrated financial capital being deployed in very intentional ways. —Kristin Keffeler #successfulgenerations
People in the rising generation can be any age. It’s the psychology you’ve decided to adopt relative to your life and the contributions you want to create with the capital you have. —Kristin Keffeler #successfulgenerations
People on the path towards mastery are willing to learn, grow and accept feedback. They recognize that as they stretch and fall short it’s because they have more to learn, not because they are not capable. —Kristin Keffeler #successfulgenerations
Book: Learned Optimism: How to Change Your Mind and Your Life by Martin E.P. Seligman,
Book: Flourish: A Visionary New Understanding of Happiness and Well-being by Martin E.P. Seligman
Book: Mindset: The New Psychology of Success by Carol S. Dweck, Ph.D.
Book: Grit: The Power of Passion and Perseverance by Angela Duckworth
Kristin Keffeler (MSM, MAPP) is the founder and owner of Illumination360. She is an advisor and certified professional coach with specializations in business design, leadership, human motivation and behavioral change, family dynamics, and the ‘inner work’ of money.
Kristin is the fourth child and only daughter of a highly successful entrepreneurial father and a mother who is a gifted writer. Both modeled for Kristin the roadmap of turning vision-to-action through innovative thinking, big ideas, courageous leaps of faith and daily tenacity.
As an entrepreneur, a Next Gen Leader, and a raving fan of her own family of origin, she stands in the shoes of all three niche markets she serves. She started her firm in 2005 and it has become her ‘living laboratory’ for uncovering her own Big Idea and living into a life of bigger impact.
Kristin’s undergraduate focus was in human biology and chemistry, with an emphasis on human peak performance. She also has a Masters of Science in Management with a concentration in Public Health from the University of Denver, and a Masters in Applied Positive Psychology from the University of Pennsylvania.
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If you are the next generation of family business, philanthropy and wealth, and have a topic you think we should discuss, let us know at Ellie@successfulgenerations.com.