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Value of Debt : How to Manage Both Sides of a Balance Sheet to Maximize Wealth by Thomas J. Anderson (2013, Hardcover)
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About this product
Product Identifiers
PublisherWiley & Sons, Incorporated, John
ISBN-101118758617
ISBN-139781118758618
eBay Product ID (ePID)166301340
Product Key Features
Number of Pages272 Pages
LanguageEnglish
Publication NameValue of Debt : How to Manage both Sides of a Balance Sheet to Maximize Wealth
Publication Year2013
SubjectFinance / General, Personal Finance / General
TypeTextbook
Subject AreaBusiness & Economics
AuthorThomas J. Anderson
FormatHardcover
Dimensions
Item Height1.1 in
Item Weight16.8 Oz
Item Length9.1 in
Item Width6.3 in
Additional Product Features
Intended AudienceScholarly & Professional
LCCN2013-020675
TitleLeadingThe
Dewey Edition23
IllustratedYes
Dewey Decimal332.02402
Table Of ContentForeword xi Acknowledgments xv Introduction xvii Part 1: The Value of Debt in the Management of Wealth 1 Chapter 1: Strategic Debt Philosophy: An Overview 3 How This Book Can Add Value to Your Life 3 The Five Tenets (or Action Principles) of Strategic Debt Philosophy 4 Chapter 1: Summary and Checklist 14 Chapter 2: The Basic Idea: Limiting the Costs, the Impacts, and the Duration of Financial Distress 21 Risk of Financial Distress 22 The Direct and Indirect Costs of Financial Distress 23 The Impact of Financial Distress: Five Levels 24 The Duration of Financial Distress 25 The Four Indebted Strengths: A First Look 26 The One Thing You Must Consider! 26 Chapter 2: Summary and Checklist 29 Chapter 3: Strategic Debt Practices: An Overview 33 Understanding and Taking Advantage of Strategic Debt Philosophy 34 Achieving and Maintaining an Optimal Debt-to-Asset Ratio 37 Calculating Your Debt-to-Asset Ratio 41 Should Your Primary Residence Be Included in Your Debt Ratio? 43 When to Pay Down Your Debt, and When Not To 45 Advanced Practices and Scenarios 47 Chapter 3: Summary and Checklist 49 Part 2: The Assets-Based Loan Facility 53 Chapter 4: The Value of an Assets-Based Loan Facility (ABLF) 55 What an ABLF is and How It Works 56 The Many Advantages of Having an ABLF in Place 59 Why Virtually Every Company Has a Line of Credit 61 Surviving Storms and Other Natural Disasters 62 The Criticality of Being Proactive and Assessing Risks 64 Family Finances: First Bank of Mom and Dad; Elder Care Bridge Loan 67 Taking Advantage of Opportunities and Distressed Sales 68 Average ABLF Usage and the Win-Win-Win Scenario 70 Chapter 4: Summary and Checklist 71 Part 3: Scenarios for Success 75 Chapter 5: Long-Term Wealth Amplification through Capturing the Spread 77 The Basic Concept: Inherent Risks with Great Potential Rewards 77 Three Key Factors to Consider 79 Some Scenarios for Capturing the Spread 83 Synching with Your Investment Strategy 93 Chapter 5: Summary and Checklist 93 Chapter 6: Holistic Financing of the Expensive Things You Need and Want 99 A Better Way to Buy: In the Company of Holistic Financial Thinkers 99 Four Principles When Financing the Purchase of a Desired Item 100 A Better Way to Purchase a Vehicle (or Almost Anything Else) 108 Purchasing a Second Home: Pluses and Minuses 111 100 Percent Financing: The No Down Payment Real Estate Purchase Option 117 Chapter 6: Summary and Checklist 119 Chapter 7: Generating Tax-Efficient Income in Retirement or Divorce 123 Introduction: Three Goals (and Some Disclaimers) 123 An Opening Scenario for No Taxes in Retirement 124 Borrowing Versus Selling to Access Your Money 125 A Better Alternative to a Familiar Story 127 Tying It Back to Capturing the Spread 128 Revisiting Tax Issues 130 Making Use of Strategic Debt Strategies and Practices in Divorce 138 Chapter 7: Summary and Checklist 143 Chapter 8: Conclusion: What This Book is Really About 149 What We Hope You Have Taken Away 150 Strategic Debt as a Financial Engine over the Decades 153 Paradoxes of Plenty: Some Surprises in Maintaining an Ideal Debt Ratio 158 Investing in the Future: A Cautionary Reminder 162 A Final Thought 164 Chapter 8 Summary: A Recap of the Book''s Significant Lessons 164 Part 4: Appendixes 169 Appendix A: The Varieties of Debt 171 Appendix B: Strategic Debt Practice for the Young and Those with Limited Assets 175 Appendix C: No Guarantees: Limiting the Risks of Investing in a Crazy World 185 Appendix D: Some Examples of Ideal Debt Ratios 209 Glossary 225 Bibliography 229 About the Author 231 About the Companion Website 233 Index 235
SynopsisA New York Times bestseller and one of the Ten Best Business Books of 2013 by WealthManagement.com , this book brings a new vision of the value of debt in the management of individual and family wealth In this groundbreaking book, author Tom Anderson argues that, despite the reflex aversion most people have to debt--an aversion that is vociferously preached by most personal finance authors--wealthy individuals and families, as well as their financial advisors, have everything to gain and nothing to lose by learning to think holistically about debt. Anderson explains why, if strategically deployed, debt can be of enormous long-term benefit in the management of individual and family wealth. More importantly, he schools you in time-tested strategies for using debt to steadily build wealth, to generate tax-efficient retirement income, to provide a reliable source of funds in times of crisis and financial setback, and more. Takes a "strategic debt" approach to personal wealth management, emphasizing the need to appreciate the value of "indebted strengths" and for acquiring the tools needed to take advantage of those strengths Addresses how to determine your optimal debt ratio, or your debt "sweet spot" A companion website contains a proprietary tool for calculating your own optimal debt ratio, which enables you to develop a personal wealth balance sheet Offering a bold new vision of debt as a strategic asset in the management of individual and family wealth, The Value of Debt is an important resource for financial advisors, wealthy families, family offices, and professional investors., Praise for The Value of Debt "While most financial firms today are able to deliver integrated solutions, truly integrated financial advice remains a scarce commodity. With The Value of Debt, Tom Anderson takes an important, balanced, and clear step toward filling this void." Lyle LaMothe , Senior Partner at Left Hand Logic, LLC; former Head of Merrill Lynch U.S. Wealth Management "There are thousands of books and articles that discuss balance sheet structure and design for corporations but virtually no one is applying an academic framework to shape the dialogue for individuals. I read The Value of Debt with fascination. Tom's ideas are simple but well grounded in theory. The book will benefit many, in particular, making debt a darling rather than a dirty word." Mahendra Gupta , Dean, Olin Business School, Washington University in St. Louis "This book applies fundamental concepts from corporate finance to personal finance. Tom Anderson provides an accessible and persuasive discussion of why and how debt should be an important tool in personal financial management. The sophisticated financial reader will gain many useful ideas, and enjoy the rigorous discussion of the tradeoffs and applications of Anderson's ideas. This book represents a significant step forward for financial advisors. Highly recommended." Michael Gibbs , Faculty Director, Executive MBA Program; Clinical Professor of Economics, The University of Chicago Booth School of Business "The holistic approach presented in The Value of Debt provides an assortment of tools that transcend all aspects of your personal financial life. It will challenge your preconceived notions and encourage you to approach your financial life in a more cohesive way." Bill King , Chief Investment Officer, Carrington Capital Management, LLC "I found the book to be extremely readable, technically accurate as well as very provocative for those of us who are conservative in our use of debt." Eliot Protsch , Retired Chief Financial Officer, Alliant Energy "Tom has written a very interesting and thought-provoking book about an area of wealth management that not many others even think about. Capturing the spread is what business is all about and creating value vs. destroying value at the end of the day is what creates earnings per share. The Value of Debt challenges the conventional wisdom that all debt is bad." Jim Hoffman , Chairman, YRCW "An impressive achievement that can drive important conversations between clients and advisors." Stephen E. Vanourny , Global Head of Strategy, State Street Corporation
LC Classification NumberHG179.A55976 2013
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