Picture 1 of 3
Stock photo
Picture 1 of 3
Stock photo
Family Inc : Using Business Principles to Maximize Your Family's Wealth by Douglas P. McCormick (2016, Hardcover)
helenerelief3 (42)
100% positive Feedback
Price:
US $19.99
Approximately£14.75
+ $14.12 postage
Returns:
30 days return. Buyer pays for return postage. If you use an eBay delivery label, it will be deducted from your refund amount.
Condition:
- Buy it nowFamily Inc. Douglas McCormick Hardcover
Oops! Looks like we're having trouble connecting to our server.
Refresh your browser window to try again.
About this product
Product Identifiers
PublisherWiley & Sons, Incorporated, John
ISBN-101119219736
ISBN-139781119219736
eBay Product ID (ePID)215924992
Product Key Features
Book TitleFamily Inc : Using Business Principles to Maximize Your Family's Wealth
Number of Pages272 Pages
LanguageEnglish
TopicPersonal Finance / Money Management, Finance / General, Entrepreneurship, Finance / Wealth Management, Personal Finance / General
Publication Year2016
IllustratorYes
GenreBusiness & Economics
AuthorDouglas P. Mccormick
FormatHardcover
Dimensions
Item Height0.8 in
Item Weight23.4 Oz
Item Length9.3 in
Item Width6.2 in
Additional Product Features
Intended AudienceTrade
LCCN2015-303418
Dewey Edition23
Dewey Decimal332.024
Table Of ContentForeword ix Acknowledgments xiii With Appreciation for America's Armed Forces Service Members xv Introduction xvii Section I Every Family Needs a Chief Financial Officer 1 Chapter 1 Why Do I Need a CFO? I Don't Even Own a Business 3 Section II Maximize the Value of Your Single Biggest Asset--Your Labor 17 Chapter 2 Double the Value of Y our Labor through Education 19 Chapter 3 Make Career Choices That Extend Your Possibilities 29 Chapter 4 Think Like an Investor When Making Career Decisions 33 Chapter 5 Don't Overlook Retirement Benefits Just Because They're Not Imminent 45 Chapter 6 Complement Your Career Decisions with Insurance 49 Section III Manage Your Assets Like a CFO Manages a Business 55 Chapter 7 Your Financial Assets Serve Many Functions in Your Family Business 57 Chapter 8 Diversify Your Family Business with the Right Investments 61 Chapter 9 Define the Right Goals for Your Asset Management Business 75 Chapter 10 Use History to Make Reasonable Investment Assumptions 81 Chapter 11 Safeguard Your Assets from the Main Risks 97 Chapter 12 Not All Debt Is Bad! Use Debt to Purchase Assets and Maximize Your Liquidity 101 Chapter 13 Which Is Better, Active or Passive Investment Management? It Depends. . . . 105 Chapter 14 Use Indexing for Your Low-Cost Investment Portfolio 113 Chapter 15 Understand When It Makes Sense to Pick Individual Stocks and Managers 117 Chapter 16 The CFO's Step-by-Step Guide to Building the Family Investment Program 125 Chapter 17 Know Yourself--Understand the Psychological Factors That Can Torpedo Your Goals 131 Chapter 18 Don't Sweat the Details of Your Asset Management Business 135 Section IV Family Inc. Does Not Manage Itself 139 Chapter 19 Create Tools and a Reporting Dashboard for Managing Family Inc. 141 Section V Manage Your Family Endowment in Retirement 165 Chapter 20 Understand How Your Family Business Changes in Retirement 167 Chapter 21 Sleep Well--Protect Your Retirement through Insurance 169 Chapter 22 What's Your Number? Determine When and How Much You Can Afford to Spend in Retirement 179 Section VI Avoid the Rat Race--Change the Game by Changing the Rules 201 Chapter 23 Pay Yourself What You're Worth through Entrepreneurship 203 Chapter 24 Jump-Start Your Heirs' Financial Security 209 Chapter 25 Develop a Succession Plan to Groom Your Replacement(s) 213 Chapter 26 Develop and Manage Your Estate or Uncle Sam Will 217 Chapter 27 Maximize Your Charitable Legacy 221 Section VII A Call to Action 225 Chapter 28 "But It's Different This Time. . . ." 227 Chapter 29 Put Down the Book--Just Do It! 229 Appendix: How to Calculate Expected Lifetime Labor Value 231 Glossary 233 Notes 237 Index 243
SynopsisActionable, intelligent CFO training for the Chief Family Financial Officer Family Inc. is a roadmap to financial security for the family CFO. Too much personal wealth management advice essentially boils down to goal-setting, which isn't helpful or effective in terms of overall financial planning., Praise for FamilyInc. "Financial illiteracy is not only an individual problem; it is a threat to our national welfare and global competitiveness. In today's world, it's more important than ever for individuals and families to understand how to create financial independence and security. Family Inc . offers a new perspective on personal financial security, applying time-tested business principles to real-world family situations." Carlos Gutierrez, 35th U.S. Secretary of Commerce; Former Chairman and CEO of the Kellogg Company "Personal finance books have always had a problem. The people who know what they are talking about can't write. And the people who can write are often charlatans. Not any longer. Family Inc . delivers something that families across the country desperately need: a clear, accessible guide to making financial decisions based on the best available data and research. No gimmicks, no get-rich schemes just sensible and intellectually honest guidance for making good financial decisions at every stage of life." Charles Wheelan, author of Naked Economics and Naked Statistics ; Professor at Dartmouth University "By taking a different perspective seeing a family's full financial situation the way an experienced private equity investor would McCormick shows us how to appreciate the full range of our choices and opportunities as a family 'CFO.' Family Inc. is an easy read which offers a solid blueprint for making sound financial decisions." Charles D. Ellis, Author of Winning the Loser's Game and The Elements of Investing " Family Inc . provides a fresh perspective for the important financial decisions that families face at each stage of their lives. I particularly like the chapters on career choices and on family budgeting. Readers will learn how to approach personal budgeting and investment decisions as dispassionately as any business would." Richard C. Marston, Professor of Finance and Director of Private Wealth Management Program, Wharton School, and author of Portfolio Design and Investing for a Lifetime "McCormick makes a compelling case that at some level we are all entrepreneurs selling our labor and skills like any business owner. Most importantly, Family Inc . provides actionable advice on how to maximize the value of your labor through education, career choice, and skill development while combining it with your capital to achieve financial independence." Patricia Greene, Paul T. Babson Chair in Entrepreneurial Studies; Academic Director, Goldman Sachs 10,000 Small Businesses and 10,000 Women, Actionable, intelligent CFO training for the Chief Family Financial Officer Family Inc. is a roadmap to financial security for the family CFO. Too much personal wealth management advice essentially boils down to goal-setting, which isn't helpful or effective in terms of overall financial planning. This book takes a different track, giving you a crash course in corporate finance and the tools to apply the field's proven, time-tested principles in the context of your family's financial situation. You'll learn the key principles of wealth creation and management, and learn how to make your intellectual and real capital work for you. Your family situation is unique, and your principles must sometimes differ from the standard financial advice--and that's okay. Life is not a template, and even the best strategy must be able to adapt to real-life situations. You'll learn to chart your own path to financial security, utilizing the author's own tools that he developed over 15 years as an active board member, chairman of the board, or chief financial officer of multiple companies. Oversimplified wealth management advice does not leave you equipped to manage your real-world finances. This guide is written with intellectual rigor, but in the language of family discussion, to give you a real, practical guide to being an effective family CFO. Create your own financial prosperity and security Align financial acumen with your family's specific situation Adapt to real-world situations and make your financial advisor work for you Utilize powerful financial tools to help you build financial independence Every family needs a CFO to manage wealth, and the principles of corporate finance apply from the boardroom to the living room. Family Inc. delivers actionable advice in the form of CFO training to help you plot a real-world family financial plan.
LC Classification NumberHG179
![The Salt Path by Raynor Winn [Paperback]](https://i.ebayimg.com/images/g/pUkAAeSws~VoQW8E/s-l225.jpg)
