Empowered Relationship Podcast: Your Relationship Resource And Guide · Dr. Jessica Higgins

ERP 497: Become the Family CEO: Build a 'Family Bank' and Lasting Wealth — An Interview with Lavaisha Davis

·46 min·3 clips

Davis draws a sharp line between building security for yourself and building for the next generation.

Dr. Jessica Higgins begins by welcoming listeners, pointing them to the show notes, and sharing a short invitation to settle in before the conversation starts. She also mentions returning from scouting Banff, Canada for the Evolve and Love Couples Adventure Retreat, which is coming up in September 2026, then brings the focus back to the episode. The interview with LaVesha Davis is built around a simple but sturdy idea: families can think like a well-run corporation when they are trying to create generational wealth. Davis explains that the first shift is mental, because someone has to decide to become the family CEO. She describes that role as taking responsibility for vision, mission, goals, and direction. From there, she encourages families to start a family bank early so the system has room to grow. She connects the idea of family wealth to familiar business language, comparing income to revenue and household obligations to expenses. She also uses the language of shareholders to describe the people who live together and are invested in the family’s future. The conversation makes clear that this is not about turning family life cold or mechanical. It is about building a structure strong enough to hold love, resources, and responsibility. Davis talks about building out the right roles over time, including advisors and other supports. She points out that children will have their own paths and contributions, and the system should leave room for that. The goal is not rigidity. The goal is a foundation that can support the next generation without forcing them to start from zero. Higgins keeps the discussion grounded in lived family experience and practical planning. The episode also introduces the family office as a wealth management structure that supports wealth transfer over time. Davis notes that the work does not get easier as wealth grows, which is why support systems matter. The conversation situates L West Advisors as part of that support. The ending returns to gratitude, with Higgins thanking Davis and inviting listeners to find the links in the show notes. The overall arc moves from pause and welcome to mindset, then to structure, then to transfer and stewardship. It stays focused on the practical question of how families create something durable enough to hand forward. The tone remains measured and validating even as the guest pushes a strong organizing metaphor. Listeners hear a framework for thinking about wealth that is as much about roles and readiness as it is about money itself. The episode’s core claim is that generational wealth begins with a family deciding to act like a system rather than a set of disconnected decisions. That idea is repeated in different forms until it feels usable.

As heard by us

A practical, family-first take on wealth, stewardship, and what gets passed down.

This conversation treats wealth-building as a family systems question, with LaVesha Davis offering a business-minded view of generational money, shared responsibility, and the idea of a family bank.

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Why you'd press play

Think about family money like a system you can build, protect, and pass on.

Read the full recommendation in PlayNext →

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