Leon Spinks shocked the world in 1978 when, in simply his eighth skilled combat, he defeated Muhammad Ali to develop into the undisputed heavyweight champion, a victory nonetheless thought to be one in all boxing’s biggest upsets. But, regardless of his early success and multimillion-dollar earnings, monetary missteps and the long-term results of mind accidents would take a heavy toll.
At his lowest level, Spinks labored as a janitor and fast-food employee in Nebraska. However with the unwavering assist of his spouse Brenda, he finally discovered peace and stability in Las Vegas, the place he remained a cherished determine within the boxing group till his dying from prostate most cancers at age 67.
Be a part of WealthManagement.com Senior Editor David Lenok as he sits down with advisor and writer George Stefanou for an insightful dialog on the distinctive property planning challenges confronted by first-generation millionaires.
Collectively, they discover the emotional complexities and generational tensions that come up when “previous nation” values meet trendy American goals—and the way advisors will help households navigate the fragile steadiness between legacy, life-style, and long-term stewardship.
Leon Spinks defeated Muhammed Ai in 1978. Credit score: Bettmann/Getty Pictures
George shares insights into:
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Challenges confronted by first-generation millionaires
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The emotional aspect of property planning and the significance of household conversations
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How heirs can keep away from a ‘windfall mentality’
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Methods for fostering household cohesion and legacy
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The expanded function of advisors, together with the necessity for elevated monetary literacy
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Join With David Lenok:
Join With George Stefanou:
About Our Visitor:
George is a first-generation Greek-American and a 2023 & 2024 Forbes Greatest-in-State Prime Subsequent-Gen Wealth Advisor, serving because the monetary guru behind “Two-Comma Wealth.” As a College of Central Florida alumnus and avid soccer fan, George brings a novel perspective to the world of non-public finance.
Alongside his roles as a faithful husband to Kristin and father to Ella and Aubrey, George is a CERTIFIED FINANCIAL PLANNER™ skilled who additionally holds the next superior credentials: Licensed Exit Planning Advisor (CEPA®), Licensed Non-public Wealth Advisor® (CPWA®), Accredited Asset Administration Specialist℠ (AAMS®), Chartered Retirement Plans Specialist℠ (CRPS®) and Chartered Retirement Planning Counselor℠ (CRPC®). Drawing on over 15 years of expertise and hundreds of various consumer interactions, George has developed a expertise for humanizing finance, serving to purchasers navigate the complexities of wealth administration whereas empowering each traders and advisors.
