You Winning Life

Let us know what you thought about the show! In this episode, Jason speaks with Myra Salzer, CFP® & Melissa Hoyer, CFP®, CPCC of The Wealth Conservancy to explore how individuals navigating inherited or sudden wealth can shift from overwhelm to clarity, agency, and purpose. Rather than treating money as a purely financial matter, Myra and Melissa illuminate the emotional, psychological, and relational realities of wealth — and how aligning values with financial decisions can transform wealth into a meaningful ally rather than a burden. They discuss the unique identity challenges faced by inheritors, the central role of fiduciary responsibility, and the importance of proactive communication, legacy planning, and intentional philanthropy. Key Highlights & Insights Decoding Financial Jargon — What the Terms Really Mean Certified Financial Planner (CFP®): A CFP® serves as a strategic integrator overseeing a client’s entire financial ecosystem — taxes, estate strategy, insurance, investments, and long-term planning — rather than focusing only on asset management.Fiduciary Standard: A fiduciary is legally obligated to put the client’s interests first, which often contrasts with institutions whose primary duty is to shareholders.Redefining Wealth: Derived from historical roots meaning “well-being” and “health,” true wealth expands beyond finances to include emotional, spiritual, intellectual, physical, and community well-being.The Human Reality of Inherited & Sudden Wealth The “tsunami effect” of sudden financial responsibility often occurs without emotional or practical preparation.Paradox of Self-Worth: Entrepreneurs may connect identity to productivity, while inheritors may experience declining self-worth as net worth increases.The “Luxury of Doing Nothing” Dilemma: Without survival-driven motivation, inheritors must intentionally create purpose, challenge, and structure.Wealth as an Amplifier: Money magnifies existing traits — generosity, anxiety, creativity, or avoidance.Legacy, Family Dynamics & Proactive Planning Fair vs. Equal: Families frequently confuse equality with fairness — and the distinction matters.The biggest estate-planning risk is surprise; open, multi-generational dialogue reduces conflict and shock.Purpose-Driven Philanthropy: Giving should reflect authentic values — not obligation or performance.Their approach integrates both technical financial strategy and coaching-informed human insight. Programs, Resources & Mentions The Way Into Wealth Program — An eight-session, one-on-one coaching experience aligning inner values with financial reality. Visit: wayintowealth.comThe Wealth Conservancy — A retainer-based fiduciary advisory firm specializing in complex wealth strategy and stewardship. Visit: thewealthconservancy.com | twwcinc.org The Family Room Wellness AssociatesOnline Therapy and Coaching with Jason Wasser, LMFTCheck out our guests books!Want to learn more from our guests and also see what products I suggest?Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the show