Moving From Generational to Regenerative Wealth: A New
Paradigm in Family Planning


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Welcome to a transformative episode of our podcast

Where Ali shares a presentation she gave to a VC fund about the concept of “Regenerative Wealth” - proposing a model where wealth creation and distribution are aligned with life-enhancing principles and sustainable growth. This episode is a must listen for lawyers who are interested in exploring how to maximize life's resources and enhance family relationships through dynamic estate planning.

What You’ll Walk Away With:

  • Understanding Regenerative Wealth: Grasp the concept of regenerative wealth, which emphasizes using assets in a way that benefits the individual, their family, and the community while they are still alive.
  • Die With Zero: Learn about the innovative idea of living fully by planning to utilize all resources by the end of life, ensuring wealth serves its purpose during one's lifetime.
  • Creating Sustainable Legacies: Discover strategies for creating legacies that contribute to long-term family and community resilience rather than merely passing on assets.
  • The Role of Personal Family Lawyers: Explore how lawyers can become more than just legal advisors by facilitating deeper family conversations and supporting clients in making impactful decisions about their wealth.
  • Investing in Relationships: Understand the importance of investing in personal relationships and community ties as a way of building a support network that can outlive financial wealth.

By fostering a deeper understanding of how to manage and discuss wealth, personal family lawyers can guide their clients towards decisions that not only secure their financial future but also enrich their lives and those of their communities. Join us to learn how shifting your perspective on wealth can lead to more meaningful, impactful legacies.

 

Time Stamps

07:33: Ali shares a personal anecdote about choosing to speak at an investor conference focused on humanity's resilience, emphasizing in-person interactions.

09:59: Ali talks about how she met the son of a multi-billionaire, during a talk about generational wealth to regenerative wealth, who turned out to be one of her most important clients

17:46: Ali proposes a shift to regenerative wealth, suggesting a permaculture approach to investing, starting with oneself, emphasizing the importance of lawyers investing in their personal development and ability to earn as part of this shift.

20:06: Ali advocates for investing in non-extractive ways, understanding the concept of 'enough,' and initiating early and open conversations about incapacity and death to better manage family wealth planning.

 

Transcript


Ali Katz:
Hello, and welcome to the NewLaw podcast where we guide entrepreneurial lawyers to build law practices into businesses they love. I'm Ali Katz. In today's episode, we are talking to Jordan Ostroff about his inspiring journey from being a prosecutor to founding a successful personal injury law firm now run by his wife while he works with law firm owners on how to love their law firms. And just finished a book, "Love your law firm". You're going to hear how he's helping lawyers nationwide find professional success and personal fulfillment, and how he was able to take off close to a year to travel with his wife and child. So if you're at all feeling burned out or unsure about how to turn your legal practice into a fulfilling business, this episode is for you. Join us and listen to a great conversation. An inspiring conversation with me and Jordan. Let's get into it.

Ali Katz:
All right. Hey, Jordan.

Jordan Ostroff:
Hello.

Ali Katz:
Good to see you today. Thanks so much for joining me.

Jordan Ostroff:
Yeah, no problem. Happy to be here.

Ali Katz:
So you just wrote a book that is very near and dear to my heart, title wise. "Love your law firm" book. And it's near and dear to me, very specifically because I have talked for a long time about loving your law practice. And when I read your book, I thought, uh oh. I need to make sure that what Jordan's talking about is it aligned with what I'm talking about. And it did, and it was so spot on. So thanks for joining me here today to talk about that and your history of figuring out how to love your, your law firms.