F.I.S.H.™ Inventory

Written By Kristen Ruth Smith
 

Wealth encompasses not only money, but all of the capital available to us. Teaching this to our children from a young age helps them develop a more expansive way of thinking about wealth which is key to their ability to develop identity and life paths that fill their hearts and minds as well as their investment accounts.

This exercise is to be completed by each individual family member and will guide you to recognize the wealth of resources already at your fingertips!

TYPES OF CAPITAL

Financial Capital

  • Read an income statement

  • Assess a business plan

  • Read the business pages of the newspaper

  • Manage a basic budget

  • Practice due diligence

  • Keep a FICO score above 750

 

Intellectual Capital

  • What you have learned that can be leveraged to enhance your family

  • The skills your brother developed when he built a house

  • Your aunt’s cake recipe and baking prowess inherited from her grandmother

  • The degrees from schools your family earned

  • The experience you've acquired over time

  • The the Emmy, the Pulitzer or the math prize that is part of your family pride

Social Capital

  • Your networks, community, & good will

  • Boards & club networks to which you belong

  • Good will you've built in the community through your family foundation

  • Relationships with your sports club members

  • Awards for leadership

  • Participation in your synagogue or church

 

Human Capital

  • Legacy, passion, family history, values, & anything else that makes your family its own weird, wonderful, unique, never before and never again self

  • The handmade quilt your grandmother carried across the country as a young wife

  • The story of your grandfather's origins

  • The work ethic you share with your sister (or not)

  • The love of hiking you share and the camping trips that are a tradition among cousins

 
Kristen Ruth Smith https://www.kruthconsulting.com
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Family Values Map