If you’ve ever wondered what’s actually going on behind the scenes of the 1%, beyond the headlines, Instagram posts, and glossy business profiles, this episode pulls back the curtain.Because beneath the public image of wealth is usually a highly deliberate money strategy. And it doesn’t have to be exclusive to the ultra-rich.In this episode of Making Cents, Frances Cook speaks with Andrew Clements, a private wealth and succession lawyer who works with some of New Zealand’s wealthiest families. Andrew spends his days helping high-net-worth and ultra-high-net-worth clients build wealth, protect it, and stop it being blown up by one bad decision, whether that’s an investment mistake, poor structure, or family conflict.What he’s learned may surprise you.We talk about:How wealthy families think in decades, not yearsWhy protecting money often matters more than chasing returnsThe “guardrails” the wealthy put around their money, and their familiesWhy the rich often sell when others are rushing inThe risks that don’t show up on balance sheets, including family and succession riskHow downturns are treated as opportunity, not panicAnd which wealth strategies are realistic for everyday NZers to copyFollow me everywhere!Facebook / https://www.facebook.com/FrancesCookNZInstagram / https://www.instagram.com/francescooknzTikTok / https://www.tiktok.com/@francescooknzJoin the Money Memo newsletter for a free weekly money tip in your inbox each week https://www.francescook.co.nz/subscribeThis podcast was filmed & produced by FanaticalsVideo editing & content production by Lana ByrneAudio engineering by Tash Chittock#MakingCents #FrancesCook #GenerationalWealth #WealthBuilding #WealthManagement #FinancialLiteracy #SuccessionPlanning #ImpactInvesting #FinancialAdviser #PrivateWealth #HighNetWorth #NZBusinessOwnersChapters00:00:00 Introduction00:02:13 Meet Andrew Clements: private wealth and succession lawyer00:03:39 Money talks, but wealth whispers00:04:25 Values over dollars: what wealthy families actually prioritize00:08:19 The long game: how the wealthy build and protect assets00:09:44 The Lithuanian entrepreneur who didn't get greedy00:12:38 Investing in yourself: the best investment you can make00:18:43 Philosophy breeds methodology: finding advisors who understand you00:22:12 How the wealthy invest differently: shares over property00:27:24 Impact investing: making money and making a difference00:29:22 Family risk: how inheritance can become poison00:33:16 Beating the three-generation curse00:37:20 The hundred dollar note on the dinner table00:42:13 Can average people become wealthy? Yes, here's how00:44:39 Outro