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unHeritage – 11 Pitfalls to Family Legacy and How to Avoid Them

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“unHeritage is definitely the lighthouse for protecting your family and wealth for generations. This book is a must read for anyone interested in legacy planning.” Enzo Calamo

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Center for Family Conversations

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The Center for Family Conversations (CFC) is a resource center that provides the integral tools and ideas in helping families establish a 100-year-plus Family Legacy Plan.

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THE TYCOON PLAYBOOK – How Business Empires Are Built

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The Tycoon Playbook course was created for business families who are already running a successful business and wish to ramp up their growth while preserving wealth for future generations. Specifically, the Playbook teaches high performance business owners the two most highly rewarded skills in business, namely deal-making and how to acquire cash flow producing business assets.

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CNN Financial News

Michael Kors is a hot mess. Stock drops 20%Michael Kors was always good for a hilarious critique of someone's haute couture disaster when [...]

You won't believe the $%#! you've been eatingA number of major fast-food chains and food companies have recently announced healthier practices, m [...]

Cross-dresser fears adult site hack will 'out' himRead full story for latest details. [...]

Fastest growing U.S. cities: Texas is kingRead full story for latest details. [...]

How FIFA makes its billionsSoccer's world governing body, FIFA, was rocked Wednesday by charges of corruption involving se [...]

Snapchat planning for IPORead full story for latest details. [...]

Stocks: 5 things to know before the openRead full story for latest details. [...]

 

CNN Small Business News

Why one Hong Kong bakery makes 10,000 buns a dayHong Kong's week-long Bun Festival means booming business for local bakery Kwok Kam Kee, which [...]

She's $10M closer to replacing plastic bottlesRead full story for latest details. [...]

Rent a car, drive for Uber. Here's howHyreCar matches up unused cars with aspiring Uber or Lyft drivers who need wheels. [...]

Kim Kardashian and Jessica Alba power his startupsBrian Lee is unafraid to harness celebrity power for his startups. The strategy has paid off with Le [...]

Startup offers 'gateway drug for private flying'For $2,000 a month, Beacon will offer unlimited flights between New York and Boston -- and plans to [...]

Watch out for this all-girls' robotics teamBeaumont School's all-girls robotics team broke stereotypes at the national championship. [...]

She's the queen of million-dollar verdictsRead full story for latest details. [...]

 

CNN Money News

House hunting horror storiesIt's tough to be a buyer in a seller's market. Just ask these wanna-be home buyers. [...]

It's getting more expensive to be a renterRents increased 4% in April from last year while home values only rose 3% during the same time perio [...]

I spent $1,000 to be a bridesmaid. Here's how not to do thatWedding costs adding up? Try renting your dress, hunt for deals on bachelorette outings, and borrow [...]

Monaco car collector profits from 'flipping' FerrarisReal estate broker Pieter van Naeltwijck has devised a novel way to profit from buying and selling u [...]

How my 'gap year' changed my lifePeople take gap years at all ages. For many, it's not just life-changing, it also helps their c [...]

Worried about your job? Get used to itOnly a quarter of workers worldwide enjoy a "stable employment relationship," a new report [...]

U.S. and Israel have worst inequality in the developed worldThe U.S. and Israel have the worst levels of income inequality in the developed world, according to [...]

 

Fortune Magazine

Will Mmmhops be a hit?Hanson is attempting to chart with a new microbrew. [...]

NBA confirms L.A. Clippers sale to ex-Microsoft CEO Steve BallmerDonald Sterling sues the NBA for damages and demands to be reinstated as owner. [...]

FBI and SEC probe into Carl Icahn and golfer Phil MickelsonAuthorities are looking into the potenial insider trading. [...]

Google launches "right to be forgotten" service in EuropeNow European citizens can request to have search results removed. [...]

Zuckerberg's latest donation reawakens concerns over mixed results in NewarkFacebook founder and his wife donate $120 million to Bay Area schools, claim to have learned from pr [...]

Five crazy things Steve Ballmer has doneIn light of Ballmer placing the highest bid on an NBA team in history on Thursday, here are some of [...]

Four ways Apple could have the "best" product pipeline everFrom the obvious upgrades to the bold and daring. [...]

 

Reuters Business News

ATHENS (Reuters) - Greece and its creditors are starting to draft a technical-level agreement, a gov [...]

(Reuters) - McDonald's Corp said it will stop reporting monthly same-store sales after June, be [...]

DUBAI (Reuters) - Abu Dhabi's Etihad Airway's contribution to the U.S. economy will almost [...]

BRUSSELS (Reuters) - The European Commission outlined plans on Wednesday to limit how much multinati [...]

(Reuters) - Luxury jeweler Tiffany & Co reported better-than-expected quarterly profit and sales [...]

(Reuters) - Michael Kors Holdings Ltd reported its slowest quarterly revenue growth since it went pu [...]

(Reuters) - U.S. stocks opened higher on Wednesday, a day after notching their steepest fall in thre [...]

 

Reuters Economy News

CARACAS (Reuters) - Venezuela confirmed on Tuesday it had entered a recession while inflation remain [...]

WASHINGTON (Reuters) - The Obama administration on Tuesday bowed to months of growing pressure over [...]

NEW YORK (Reuters) - Investors backed away from global equity markets on Tuesday, with light volume [...]

NEW YORK (Reuters) - U.S. stocks fell on Tuesday as investors engaged in profit-taking to pull major [...]

NEW YORK (Reuters) - Crude futures closed up slightly Tuesday, getting some relief from a weak dolla [...]

NEW YORK (Reuters) - The U.S. dollar hit a 1-1/2-week low against the safe-haven yen on Tuesday afte [...]

BUENOS AIRES (Reuters) - Crunch time for Argentina fixing its debt default will almost certainly not [...]

 
 

Bill Gates

 
  • What Bill Gates, George Lucas, and 9 other highly successful people teach their kids about money

    What Bill Gates, George Lucas, and 9 other highly successful people teach their kids about money

    Having more money than most people means that you have to teach your kids about it at an early age.

     
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  • The one thing Bill Gates understood immediately but Steve Jobs took 20 years to realize

    The one thing Bill Gates understood immediately but Steve Jobs took 20 years to realize

    According to “Strategy Rules,” a book written by two prominent business-school professors, David Yoffie and Michael Cusumano, Gates’ ability to quickly grasp the value of an “industry-spanning platform rather than merely products” was what made…

     
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  • Business Ideas: My Favourite 5 Gutsiest Entrepreneur Launches of All Time

    Business Ideas: My Favourite 5 Gutsiest Entrepreneur Launches of All Time

    Business Ideas: My Favourite 5 Gutsiest Entrepreneur Launches of All Time     Gutsiest Entrepreneur Launch #5: Dana White Saves the UFC White agreed and put his business on the line. The show became a huge success which ended with Forrest Griffin and Stephan Bonnar fighting for a six-figure contract. White credits the show for saving the UFC and continued airing new seasons of The Ultimate Fighter to expand the awareness and popularity of his company.   Gutsiest Entrepreneur Launch #4 – Philip Knight signs Michael Jordan:   The Air Jordan became the most valuable footwear franchise in Nike’s history. It was so popular that launch dates had to be postponed to weekends so kids wouldn’t be tempted to skip school to get their hands on the latest Air Jordan. The move took Nike from being a running shoe company with no exposure to the basketball market to now owning as much as 85% of the basketball shoe market.   Gutsiest Entrepreneur Launch #3: Bill Gates Pitches a Product that Doesn’t Exist     Bill Gates and long time friend Paul Allen turned their passion for programming into a business when they saw a picture of the Altair 8080 on the cover of Popular Electronics. Gates called Micro Instrumentation and Telemetry Systems (MITS), the company that was manufacturing the Altair, and told them that he and Allen had developed a programming language for the computer that was ready to launch.   With not a single line of code written and no Altair to work on, Gates and Allen worked around the clock on Harvard computers to do what they said they had already done. Eight weeks later, Allen flew to MITS headquarters in New Mexico to present their code. Without even a test-run, their program was a success and MITS bought the rights, making it an industry standard. Within one year, Gates had dropped out of Harvard and the two high school friends established Microsoft Corporation.   Gutsiest Entrepreneur Launch #2: Richard Branson Drives a Tank into Times Square   To launch Virgin Cola he rode into Times Square in New York City on top of a tank, promising to battle with Coke and Pepsi. To launch Virgin Mobile in Canada he repelled into the heart of Yonge-Dundas square. Branson has also made several world record-breaking attempts. With “Virgin Atlantic Challenger” and “Virgin Atlantic Challenger II” he raced to have the fastest Atlantic Ocean crossing. In “Virgin Atlantic Flyer” he created the world’s largest hot air balloon and was the first to cross the Atlantic in a balloon. He then tried to become the first person to go around the world in a hot air balloon.   Branson is always thinking of new ways to launch and promote his businesses – the more high profile, the better. Even when his stunts don’t work out they garner so much attention for his businesses that it’s all worth it for him.   Gutsiest Entrepreneur Launch #1: P.T. Barnum Puts on a Show   Even […]

     
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  • Warren Buffett & Bill Gates on Measuring Performance – Lugen Family Office

    Warren Buffett & Bill Gates on Measuring Performance – Lugen Family Office

    Warren Buffett & Bill Gates on Measuring Performance, Wealth, Billionaires, Financial Crisis   Performance measurement is the process of collecting, analyzing and/or reporting information regarding the performance of an individual, group, organization, system or component. It can involve studying processes/strategies within organizations, or studying engineering processes/parameters/phenomena, to see whether output are in line with what was intended or should have been achieved.   Performance measurement has been defined by Neely[1] as “the process of quantifying the efficiency and effectiveness of past actions”, while Moullin[2] defines it as “the process of evaluating how well organisations are managed and the value they deliver for customers and other stakeholders”. Discussion on the relative merits of these definitions appeared in several articles in the newsletter of the Performance Management Association.[3]   Wikipedia – Performance Measurement   The wealth effect is an economic term, referring to an increase (decrease) in spending that accompanies an increase (decrease) in perceived wealth.   The effect would cause changes in the amounts and distribution of consumer consumption caused by changes in consumer wealth. People should spend more when one of two things is true: when people actually are richer, objectively, or when people perceive themselves to be richer—for example, the assessed value of their home increases, or a stock they own goes up in price.   Demand for some goods (especially Inferior goods) typically decreases with increasing wealth. For example, consider consumption of cheap fast food versus steak. As someone becomes wealthier, their demand for cheap fast food is likely to decrease, and their demand for more expensive steak may increase.   Consumption may be tied to relative wealth. Particularly when supply is highly inelastic – or in the case of monopoly – one’s ability to purchase a good may be highly related to one’s relative wealth in the economy. Consider for example the cost of real estate in a city with high average wealth (for example New York or London), in comparison to a city with a low average wealth. Supply is fairly inelastic, so if a helicopter drop (or gold rush) were to suddenly create large amounts of wealth in the low wealth city, those who did not receive this new wealth would rapidly find themselves crowded out of such markets, and materially worse off in terms of their ability to consume/purchase real estate (despite having participated in a weak Pareto improvement). In such situations, one cannot dismiss the relative effect of wealth on demand and supply, and cannot assume that these are static. (see also General equilibrium).   However, according to David Backus, an NYU economist, the wealth effect is not observable in economic data, at least in regards to increases or decreases in home or stock equity.[2] For example, while the stock market boom in the late 1990s (q.v. dot-com bubble) increased the wealth of Americans, it did not produce a significant change in consumption, and after the crash, consumption did not decrease.[2]   Economist Dean Baker disagrees and says that “housing wealth effect” is […]

     
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  • Bill Gates On His New Idea: Catalytic Giving

    Bill Gates On His New Idea: Catalytic Giving

    Bill Gates On His New Idea: Catalytic Giving      

     
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  • Bill Gates Biography

    Bill Gates Biography

    Bill Gates Biography     Bill Gates Biography. Documentary on the legendary Bill Gates – founder of Microsoft, one of the most powerful and richest companies in the world.   William Henry “Bill” Gates III (born October 28, 1955) is an American business magnate, investor, programmer, inventor and philanthropist. Gates is the former chief executive and current chairman of Microsoft, the world’s largest personal-computer software company, which he co-founded with Paul Allen.   He is consistently ranked among the world’s wealthiest people and was the wealthiest overall from 1995 to 2009, excluding 2008, when he was ranked third; in 2011 he was the wealthiest American and the second wealthiest person. During his career at Microsoft, Gates held the positions of CEO and chief software architect, and remains the largest individual shareholder, with 6.4 percent of the common stock. He has also authored and co-authored several books.   Gates is one of the best-known entrepreneurs of the personal computer revolution. Gates has been criticized for his business tactics, which have been considered anti-competitive, an opinion which has in some cases been upheld by the courts. In the later stages of his career, Gates has pursued a number of philanthropic endeavors, donating large amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, established in 2000. Gates stepped down as chief executive officer of Microsoft in January 2000. He remained as chairman and created the position of chief software architect. In June 2006, Gates announced that he would be transitioning from full-time work at Microsoft to part-time work, and full-time work at the Bill & Melinda Gates Foundation. He gradually transferred his duties to Ray Ozzie, chief software architect, and Craig Mundie, chief research and strategy officer. Gates’s last full-time day at Microsoft was June 27, 2008. He remains at Microsoft as non-executive chairman.  

     
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  • Advice From Bill Gates And Bono On How To Be A Rock Star Philanthropist

    Advice From Bill Gates And Bono On How To Be A Rock Star Philanthropist

    Advice From Bill Gates And Bono On How To Be A Rock Star Philanthropist     From the Forbes 400 Philanthropy Summit 2013: Two of the planet’s most influential people explain how together they’re finding solutions to the world’s biggest problems.

     
  •  
  • A Q&A Audience With Bill Gates

    A Q&A Audience With Bill Gates

    A Q&A Audience With Bill Gates     Bill Gates, Microsoft founder and co-chair of the Bill & Melinda Gates Foundation, joins ABC’s Q&A to face questions from the audience. He answers across a range of topics including global health, corporate tax evasion, robot warfare, philanthropy and social media.  

     
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  • Bill Gates Speech at Harvard University

     
  • Bill Gates Aspirational Entrepreneur

     
  • Bill Gates on GM foods, vaccines and Monsanto Nwo Puppet

     
  • Bill Gates: GDP growth isn’t everything

     
  • Bill Gates on Expertise: 10,000 Hours and a Lifetime of Fanaticism

     
  • Bill Gates on energy: Innovating to zero!

     
  • Bill Gates: How to Fix Capitalism

     
  • Building a United States of Success | Bill & Melinda Gates Foundation

     
  • Melinda Gates on the Importance of Evaluations in Teaching

     
  • Melinda Gates: What nonprofits can learn from Coca-Cola

     
  • Bill Gates – Impatient Optimist

     
  • Billionaires on Forbes’ Magazine Cover are Worth 126 Billion Dollars

     
  • Bill Gates talking about Warren Buffett

     
  • Bill Gates: Mosquitos, malaria and education

     
  • Bill Gates Biography – BBC Documentary

     
 
 
 

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Reuters Wealth News

(Reuters) - Lowering interest rates around the world to boost the global economy has reached a point [...]

(Reuters) - Bill Gross, the widely followed investor, admitted in his June Investment Outlook on Wed [...]

NEW YORK (Reuters) - Long before the phrase "robo-adviser" existed, Sunnyvale, California- [...]

LONDON (Reuters) - Bankers at Goldman Sachs received the highest bonuses in London's banking in [...]

NEW YORK (Reuters) - Steven Dudash, like most brokers, spends a lot of time making it easier for his [...]

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NEW YORK (Reuters) - David Rosenberg, chief economist and strategist of Canadian asset manager Glusk [...]

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MarketWatch Personal Finance

Manhattan’s Upper East Side is “the most fascinating and alienating and completely separate world I’ [...]

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Americans talk a lot about how much they should be spending and saving, but most of us would go into [...]

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Not all actively managed funds have high fees, and not all index funds have low fees [...]

If you want a stock with solid fundamentals, huge potential upside, and a 7% dividend yield, Brett A [...]

The observation deck atop the 104-story skyscraper at the former site of the Twin Towers opens to th [...]

The truth about how credit scores work and affect your finances. [...]

 
 
 
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