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Family Inc. : using business principles to maximize your family's wealth / by Douglas P. McCormick

By: McCormick, Douglas P.
Publisher: Hoboken, N.J. : Wiley, 2016Description: xviii, 251 p. : ill. ; 24 cm.ISBN: 9781119219736.Subject(s): Wealth (personal) | Budgeting | InvestingOnline resources: Download as an eBook
Contents:
EVERY FAMILY NEEDS A CHIEF FINANCIAL OFFICER: Why do I need a CFO? I don't even own a business. MAXIMIZE THE VALUE OF YOUR SINGLE BIGGEST ASSET - YOUR LABOR: Double the value of your labor through education -- Make career choices that extend your possibilities -- Think like an investor when making career decisions -- Don't overlook retirement benefits just because they're not imminent -- Complement your career decisions with insurance. MANAGE YOUR ASSETS LIKE A CFO MANAGES A BUSINESS: Your financial assets serve many functions in your family business -- Diversify your family business with the right investments -- Define the right goals for your asset management business -- Use history to make reasonable investment assumptions -- Safeguard your assets from the main risks -- Not all debt is bad! Use debt to purchase assets and maximize your liquidity -- Which is better, active or passive investment management? It depends… -- Use indexing for your low-cost investment portfolio -- Understand when it makes sense to pick individual stocks and managers -- The CFO's step-by-step guide to building the family investment program -- Know yourself - understand the psychological factors that can torpedo your goals -- Don't sweat the details of your asset management business. FAMILY INC. DOES NOT MANAGE ITSELF: Create tools and a reporting dashboard for managing family Inc. MANAGE YOUR FAMILY ENDOWMENT IN RETIREMENT: Understand how your family business changes in retirement -- Sleep well - protect your retirement through insurance -- What's your number? Determine when and how much you can afford to spend in retirement. AVOID THE RAT RACE - CHANGE THE GAME BY CHANGING THE RULES: Pay yourself what you're worth through entrepreneurship -- Jump-start your heirs' financial security -- Develop a succession plan to groom your replacement(s) -- Develop and manage your estate or Uncle Sam will -- Maximize your charitable legacy. A CALL TO ACTION: "But it's different this time..." -- Put down the book - just do it!. APPENDIX: How to calculate expected lifetime labor value.
Summary: Offers a step-by-step guide to handling a family's finances as would a CFO of a business. Shows how to build a family's unique asset management programme including strategic planning, financial analysis, budgeting and capital raising.
Item type Home library Call number URL Status Notes Date due Item reserves
Book Book Australia
290 MCC 2016 (Browse shelf) Available
EBook EBook International
EBL Ebook (Browse shelf) Link to resource eBook Available as an ebook here
Book Book New Zealand
210.8 FAM (Browse shelf) Available
Total holds: 0

EVERY FAMILY NEEDS A CHIEF FINANCIAL OFFICER: Why do I need a CFO? I don't even own a business. MAXIMIZE THE VALUE OF YOUR SINGLE BIGGEST ASSET - YOUR LABOR: Double the value of your labor through education -- Make career choices that extend your possibilities -- Think like an investor when making career decisions -- Don't overlook retirement benefits just because they're not imminent -- Complement your career decisions with insurance. MANAGE YOUR ASSETS LIKE A CFO MANAGES A BUSINESS: Your financial assets serve many functions in your family business -- Diversify your family business with the right investments -- Define the right goals for your asset management business -- Use history to make reasonable investment assumptions -- Safeguard your assets from the main risks -- Not all debt is bad! Use debt to purchase assets and maximize your liquidity -- Which is better, active or passive investment management? It depends… -- Use indexing for your low-cost investment portfolio -- Understand when it makes sense to pick individual stocks and managers -- The CFO's step-by-step guide to building the family investment program -- Know yourself - understand the psychological factors that can torpedo your goals -- Don't sweat the details of your asset management business. FAMILY INC. DOES NOT MANAGE ITSELF: Create tools and a reporting dashboard for managing family Inc. MANAGE YOUR FAMILY ENDOWMENT IN RETIREMENT: Understand how your family business changes in retirement -- Sleep well - protect your retirement through insurance -- What's your number? Determine when and how much you can afford to spend in retirement. AVOID THE RAT RACE - CHANGE THE GAME BY CHANGING THE RULES: Pay yourself what you're worth through entrepreneurship -- Jump-start your heirs' financial security -- Develop a succession plan to groom your replacement(s) -- Develop and manage your estate or Uncle Sam will -- Maximize your charitable legacy. A CALL TO ACTION: "But it's different this time..." -- Put down the book - just do it!. APPENDIX: How to calculate expected lifetime labor value.

Offers a step-by-step guide to handling a family's finances as would a CFO of a business. Shows how to build a family's unique asset management programme including strategic planning, financial analysis, budgeting and capital raising.

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