How millionaires run their family

About this video

Dan Martell argues CEOs should run their family with the systems they use in business. He and his wife hold a structured weekly meeting with people who matter — partner, kids, siblings, parents and friends — built on five agenda items: share three wins; rate each other in their role out of 10, listen, and respond only with ’thank you’ before asking for more detail; review the calendar for the next six weeks (at minimum the weekend and next two weeks); check a scorecard covering finances, family core values and quarterly goals; and work through a shared discussion list kept in a Google Doc. They also hold quarterly retreats — three quarterly planning sessions plus an annual one — to review the previous period, set personal and professional goals, plot the year on one colour-coded page, and resolve overlapping commitments using a regret-minimisation test. Underpinning this is an MVV framework: a family mission as a north star, a vision of showing up 100% rather than 50/50, and values used to catch people doing things right. He also warns against trying to pull a partner up the mountain; instead, hold space for them.

Key takeaways

• Hold a weekly family meeting with a fixed agenda rather than relying on ad-hoc catch-ups to stay in sync
• Rate each other in your role out of 10 each week and receive the feedback by listening and saying thank you, so small fractures are addressed before they widen
• Review the next six weeks of calendars together, prioritising weekends, to avoid surprises and improve upcoming trips, events and commitments
• Run quarterly and annual family retreats that review the past period, set goals, map the year on one page and test commitments against future regret
• Define a family mission, vision and values, and use the values mainly to recognise ‘bright spots’ when family members live them

Episode details: published November 17, 2023 · 10:16 long. Summary written by Self Growth Videos from the episode itself. Business results and any income figures mentioned are Dan Martell’s own claims, shared for education — they are not typical or guaranteed.

← Previous: How to Plan Your Week Like a CEO · Next: Watch this to get 10 clients in 30 days (GUARANTEED) →

All Dan Martell videos · Dan Martell profile · Dan Martell (official site)