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Strangers in Paradise: How Families Adapt to Wealth Across Generations Paperback – 1 Nov 2013

5.0 out of 5 stars 1 customer review

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Product details

  • Paperback: 220 pages
  • Publisher: FamilyWealth Consulting (1 Nov. 2013)
  • Language: English
  • ISBN-10: 0615894356
  • ISBN-13: 978-0615894355
  • Product Dimensions: 15.2 x 1.4 x 22.9 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Bestsellers Rank: 1,418,550 in Books (See Top 100 in Books)

Product Description

About the Author

JAMES GRUBMAN PHD is an internationally-recognized psychologist who has worked with families at all levels of wealth, from the “millionaire next door” to the Forbes 400. His commonsense insights on the psychology of wealth have been quoted in Malcolm Gladwell’s bestselling book David and Goliath as well as in The New York Times, The Wall Street Journal, CNBC, and many other print and online media. He has published widely in journals in the wealth management and financial advising fields, and he is a sought-after speaker for his knowledge about what wealthy families need and want from their trusted advisors. Strangers in Paradise is his first book written for families of wealth as well as the professionals who advise them.

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Top Customer Reviews

Format: Paperback Verified Purchase
I liked this book so much that I have ordered more copies to give as gifts to friends. If you are trying to understand the potential impact of wealth on new recipients this is a great read. It compares the journey of dealing with newly received/created wealth with that of a migrant to a new country. A great help to recent and future recipients of wealth and their advisors in understanding it's impact. I found myself nodding at James Grubman's observations frequently. It is an easy read and the case studies helped understand some of the pitfalls , excellent!
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Most Helpful Customer Reviews on Amazon.com (beta)

Amazon.com: HASH(0x8ba7f018) out of 5 stars 17 reviews
10 of 11 people found the following review helpful
HASH(0x8d665df8) out of 5 stars Essential reading for wealthy families and their advisors. 1 Nov. 2013
By Gary Shunk - Published on Amazon.com
Format: Paperback
Becoming wealthy is central to the American Dream. However, when the Dream is achieved, then what? Most books on wealth focus on investing and preserving the money. Strangers in Paradise is very different. The primary concern in this book is on the person and family of wealth. Dr. Grubman carefully addresses how to live with wealth in a whole and constructive manner now and for generations to come.

Through rigorous research and his personal face to face work with the wealthy and their advisors, Dr. Grubman has discovered, tested and applied his unique approach with great success. His central metaphor of “immigrants and natives,” guides the reader on a wisdom filled journey into the Land of Wealth. Whether wealth is acquired or inherited, there are many shadowy elements to consider. Strangers in Paradise is a guide filled with solutions to those unknowns.

Dr. Grubman is a pioneer and leading practitioner in the field of Wealth Psychology. Whether you are a wealth holder, family member or an advisor to the wealthy, this book is an indispensable guide.  
5 of 5 people found the following review helpful
HASH(0x8eee1a68) out of 5 stars for wealthy adults of all ages and circumstances 11 Dec. 2013
By Elizabeth Daley - Published on Amazon.com
Format: Paperback Verified Purchase
James Grubman’s book has offered us a revolutionary way of looking at issues we have been dealing with for years. The concept he offers, that our wealth has taken us into new territory, has made us immigrants in a new land, resonates with us and offers us more clarity than we’ve had for assessing our lives and planning for our family’s future.

Family stories were the foundations for many of our values and beliefs. We were fascinated and moved and proud as we heard about our immigrant grandparents, their convictions, thrift, hard work and perseverance in the face of adversity. We planned to model ourselves after them even though our lives were already filled with education and opportunities that they had never had. Five years into our marriage we found ourselves to be the financial beneficiaries of their labors and accomplishments. We were suddenly living in an entirely different landscape, different than our friends and neighbors, different than our parents; we were quite alone and wandering, without a map.

Looking at ourselves as immigrants in a new land of wealth, “strangers in paradise,” is useful to us in reviewing and assessing choices that we’ve made, conflicts we’ve felt, directions we’ve taken in in light of our family stories and lessons. We can see how we’ve adapted to wealth, places where we’ve hit roadblocks, made mistakes, and found alternate routes to realize our intentions. This book helps us examine our lives with compassion, insight and humor. We’ve found it comforting and renewing to discover that we have clearly not been alone as we often thought we were.

We are reading this book because we want to be as wise, clear and helpful as possible to our children as they are charting their own courses and have become parents themselves. We think that James Grubman’s book is a valuable guide for our work. And we will pass it on to them.
3 of 3 people found the following review helpful
HASH(0x8c5d68dc) out of 5 stars A must read for advisors to wealthy families as well as the families themselves 29 Dec. 2013
By Randy Hustvedt - Published on Amazon.com
Format: Paperback
As a wealth advisor, I have had the pleasure of working with Jim Grubman over the years. I know first-hand that he is a master in his field and have seen him achieve results with families that were beyond my most optimistic expectations. Now, through his insightful and thought-provoking book, others can have the pleasure of learning from Jim. The book, which is a must read for all advisors to wealthy individuals as well as the wealth-holders themselves, breaks new ground, and explains the issues wealth creators and their children face with amazing clarity and insight.
3 of 3 people found the following review helpful
HASH(0x8bd15bb8) out of 5 stars Clarifies many of the mysteries of wealth 29 Dec. 2013
By Tom McCullough - Published on Amazon.com
Format: Paperback Verified Purchase
Jim Grubman’s Strangers in Paradise is a groundbreaking book that clarifies many of the mysteries of wealth and the relationships among the residents of the ‘land of wealth’. It charmingly explains the simple, yet multifaceted, concepts in very clear language and adds further granularity with insightful real-life case studies sprinkled throughout the text. Everyone, from wealthy family members to advisors who work with these families, should read this book.
3 of 3 people found the following review helpful
HASH(0x8bb5e5e8) out of 5 stars Destined to become a classic 25 Nov. 2013
By Hartley Goldstone - Published on Amazon.com
Format: Paperback
Strangers in Paradise explains wealth from a new perspective. It's practical and very readable -- written without jargon. Both natives and immigrants to the land of wealth will find themselves saying time and again: "Now I get it!" Dr. Grubman's book is destined to become a classic.
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