Douglas P. McCormick - Family Inc : Using Business Principles to Maximize Your Family's Wealth read ebook FB2, TXT, DJV
9781119219736 English 1119219736 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., Family Inc . is written with the intellectual rigor of a corporate finance class but in the language of family discussion, with many examples from the author's own family. Family Inc . is about making choices--in education, career, investments, and looking at how to make those investments durable over the long term. Family Inc. is intended for intelligent people who have the potential to become high income earners and want to develop a comprehensive, actionable, customized plan--a plan that acknowledges the relationships between job, net worth, age, consumption pattern and long-term financial objectives. While it cannot guarantee financial security, Family Inc. will give you the tools to develop a comprehensive financial plan and fully appreciate the implications of your decisions. As a professional private equity investor, HCI Equity's co-founder Doug McCormick has spent substantial time analyzing various businesses and evaluating the financial profile of good companies. He has become involved in all financial aspects of the businesses his company invests in¯strategic planning, financial analysis, budgeting, capital structure, capital raising, acquisitions and restructurings. During the past 15 years, McCormick has served all these businesses as an active board member or chairman of the board and in some cases as chief financial officer. Along the way, he realized along the way that many of the financial principles employed by successful companies are also relevant to personal financial planning and management. In detail, you will learn what it takes to be "CFO" of your own family's future. Family Inc . provides: * Key principles and recommendations for creating your own financial prosperity and security. * How to manage a financial advisor, so he or she works for you--and so does your intellectual and real capital. * How to understand how your family situation may dictate that you do things differently, so that personal finance acumen aligns with your family's situation. * How your principles as family CFO should sometimes differ from standard advice offered by financial advisors, and for good reason. Life is not a template, and plans must adapt to real-world situations. * How to build your own comprehensive road map to financial security and independence, using some powerful financial tools personally created by McCormick to help you along the way.
9781119219736 English 1119219736 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., Family Inc . is written with the intellectual rigor of a corporate finance class but in the language of family discussion, with many examples from the author's own family. Family Inc . is about making choices--in education, career, investments, and looking at how to make those investments durable over the long term. Family Inc. is intended for intelligent people who have the potential to become high income earners and want to develop a comprehensive, actionable, customized plan--a plan that acknowledges the relationships between job, net worth, age, consumption pattern and long-term financial objectives. While it cannot guarantee financial security, Family Inc. will give you the tools to develop a comprehensive financial plan and fully appreciate the implications of your decisions. As a professional private equity investor, HCI Equity's co-founder Doug McCormick has spent substantial time analyzing various businesses and evaluating the financial profile of good companies. He has become involved in all financial aspects of the businesses his company invests in¯strategic planning, financial analysis, budgeting, capital structure, capital raising, acquisitions and restructurings. During the past 15 years, McCormick has served all these businesses as an active board member or chairman of the board and in some cases as chief financial officer. Along the way, he realized along the way that many of the financial principles employed by successful companies are also relevant to personal financial planning and management. In detail, you will learn what it takes to be "CFO" of your own family's future. Family Inc . provides: * Key principles and recommendations for creating your own financial prosperity and security. * How to manage a financial advisor, so he or she works for you--and so does your intellectual and real capital. * How to understand how your family situation may dictate that you do things differently, so that personal finance acumen aligns with your family's situation. * How your principles as family CFO should sometimes differ from standard advice offered by financial advisors, and for good reason. Life is not a template, and plans must adapt to real-world situations. * How to build your own comprehensive road map to financial security and independence, using some powerful financial tools personally created by McCormick to help you along the way.