Call today for further information866-605-8885
 

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 8 other subscribers

 

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

unHeritage

“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

To learn more, click here

 

Center for Family Conversations

home-1b

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.

To learn more, click here....

 

THE TYCOON PLAYBOOK – How Business Empires Are Built

tumblr_m9i9slrFnP1qj1u29

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.

To learn more, click here

 

CNN Financial News

Thieves use stolen credit cards on Apple Pay - reportThieves are using stolen credit card data to make bogus purchases on Apple Pay, Apple's mobile [...]

Glenn Beck's top execs quit to form digital media startupGlenn Beck's top two lieutenants have left Beck's Internet and television channel, TheBlaz [...]

10 things we know about the Apple Watch - Fast FactsAny last questions we have about the Apple Watch are about to get answered. [...]

Snuggie maker pays $8 million to settle fraud chargesDid that infomercial sound too good to be true? If it was about a Snuggie, it may very well have bee [...]

Daily Show's Samantha Bee gets own show on TBSScratch Samantha Bee off the list of potential replacements for Jon Stewart. [...]

Fed: Banks could lose $490 billion in next crisisAmerica's biggest banks would lose $490 billion -- most of that due to bad loans -- over the ne [...]

ABC's 'American Crime:' powerful, but will it be popular?"This new ABC drama is the most nuanced, intelligent take on race relations we've seen in [...]

Your next iPhone could be waterproofApple is working on a way to make iPhones waterproof, so maybe next time your phone drops in the toi [...]

How to get your selfie on a billboard in 45 citiesRead full story for latest details. [...]

Women of Twitter launch investment collective, #AngelsRead full story for latest details. [...]

Adidas to close 200 shops in RussiaFor Adidas, "Impossible is nothing." Except when it comes to making money in Russia. [...]

Americans need a raise. Is it (finally) coming?Elephants are leaving the Ringling Brothers circus, but there's still one in the room for the e [...]

 

CNN Small Business News

Print's not dead. Here's proof.Frank & Oak, Airbnb, and Net-a-Porter are just a couple of companies investing in the antiquated [...]

These doctors do house calls -- for just $99Read full story for latest details. [...]

15 questions with a YouTube sensationMichelle Phan found fame when her YouTube makeup tutorials went viral. Now, she's heading up pr [...]

How to start a successful craft beer brewerySome Americans are ditching their boring day jobs to start their own craft breweries. It's not [...]

Obsolete jobs: Meet the guy who fixes Tom Hanks' typewriterSelf-described 'Last of the Mohicans' is still fixing typewriters after 55 years. [...]

#TheDress goes viral: Sales soar 347%Read full story for latest details. [...]

They're getting cash, free products, and YouTube-famousFameBit is helping brands place their products in YouTube videos. [...]

The woman who broke into the BBQ 'boys club'Melissa Cookston is a BBQ Pit Master Champion who runs three restaurants. Here's how she did it [...]

From street child in China to Intel mentorRead full story for latest details. [...]

It's Magic! Send a text, get anything you needRead full story for latest details. [...]

15 startups. One Silicon Valley bed and breakfast.Blackbox, a two-week Palo Alto accelerator, gives foreign entrepreneurs a soft landing to enter the [...]

Immigration reform: Is this the first step?Read full story for latest details. [...]

 

CNN Money News

High fees, scary threats: Lawmakers slam government debt collectionLawmakers and consumer advocates are speaking out against the special treatment given to debt collec [...]

Public colleges with the best bang for your buckGraduates with bachelor's degrees from these state schools see the biggest return on their coll [...]

The secret world of government debt collectionCNNMoney's exclusive investigation looks at the debt collectors hired by government agencies to [...]

Americans have a record $248 billion in 529 college savings accountsMore than 12 million Americans have a 529 savings plan, a jump of more than 4% in the past year. [...]

What to do with a big, fat inheritanceFind yourself suddenly holding one big lump sum of cash? Here's what you need to know to make s [...]

Buffalo's $1 homes aren't as cheap as they seemRead full story for latest details. [...]

529 plans may soon cover more college expensesRead full story for latest details. [...]

Michael Jordan joins billionaires' clubRead full story for latest details. [...]

The millennial investor raking in a 250% returnJustin Brosseau started investing when at age 15. Friends laughed. Boy has that changed. [...]

This should be your first investmentRead full story for latest details. [...]

Identity theft tops list of consumer complaintsRead full story for latest details. [...]

'Corinthian 15' launch 'debt strike' over student loansA handful of former students, banded together as the "Corinthian 15," are claiming to be [...]

 

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. [...]

The all-time most popular stories are...Scoops on movers and shakers, from Marissa Mayer to Mark Zuckerberg to Rupert Murdoch, are the most [...]

Web browsers aren't fun anymoreMozilla updates Firefox, but is it enough to bring old users back? [...]

Valeant injects more cash into bid for Botox-maker AllerganRevised offer worth around $53 billion comes days after drugmaker's last bid. [...]

How to get employees to save for retirementAutomatically enrolling workers into a savings plan and reminding them how much they can lose may ju [...]

Pacing nervously with... Jamin Warren, founder and CEO, Kill ScreenHanging backstage with the videogame arts and culture impresario ahead of his annual two5six confere [...]

 

Reuters Business News

(Reuters) - Apple Inc has allowed some companies to test their apps on its yet-to-be-launched Apple [...]

HONOLULU (Reuters) - Federal Reserve policymakers should not wait too long to raise interest rates, [...]

SYDNEY (Reuters) - The dollar held pole position in Asia on Friday as bulls wagered a looming U.S. j [...]

WASHINGTON/NEW YORK (Reuters) - All 31 U.S. banks passed a test of how they would do in a next econo [...]

WASHINGTON (Reuters) - U.S. auto safety regulators are considering unprecedented steps to speed up t [...]

MEXICO CITY (Reuters) - German carmaker Volkswagen will next week announce an investment worth aroun [...]

WASHINGTON/NEW YORK (Reuters) - All 31 U.S. banks passed a test of how they would do in a next econo [...]

 

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 [...]

 

Reuters Business Video

All the U.S. banks passed a key health check by the Fed, but face yet another one next week. U.S. st [...]

The drop in oil prices has been great for many consumers, but it's not good news for everyone. [...]

The plunging oil prices that have boosted consumers wallets, are hitting the energy related job mark [...]

 
 

Financing

 
  • Startup Company Challenges with Tomasz Tunguz

    Startup Company Challenges, Dynamics and Best Practices with Tomasz Tunguz (Redpoint Ventures)   Tomasz Tunguz is a partner at Redpoint Ventures and the author of one of the most active and insightful blogs about startups on the internet today. Tomasz speaks to some of the more salient issues that he has written about and posted. These include trends in the early-stage financial markets; best practices when building a startup including marketing tactics, sales team construction, and unit economics; and more. 

     
  •  
  • LOYAL3 CEO Barry Schneider – We Get To Invent Every Single Day

    LOYAL3 CEO Barry Schneider: We Get To Invent Every Single Day   How do you democratize the stock market? Chairman and CEO Barry Schneider shares LOYAL3’s vision and driving principles for the five-year old startup. LOYAL3 allows companies going public to sell IPO stock to individual investors at the same price as Wall Street. Schneider explains why his company is taking risks and going beyond the status quo to disrupt the capital markets: “There has been precisely 3 IPOs that have ever been crowdsourced. We’ve done them all.” They helped AMC Theatres and Santander Consumer USA go public.Schneider also shares three important values that make up his company’s culture: integrity, innovation, and interdependence. Schneider guest lectured in JD Schramm’s Strategic Communication course on Monday May 19, 2014 where this talk was originally delivered. 

     
  •  
  • The Importance of Picking the Right Investor with Carl Showalter

    The Importance of Picking the Right Investor with Carl Showalter   A relatively recent phenomenon has complicated the investment landscape confronting the founder of the early stage company looking for funding. There used to be a time not too long ago when a founder had only two investor categories to choose from: angels or institutional VCs. Today, it is not that simple. The ecosystem of investors in the Bay Area includes angels, super angels, incubators and accelerators, corporate VCs, the institutional VC community (which itself has fragmented into side funds and specialties), crowdfunding, “demo” days, and the like. Even private equity firms and investment banking firms are coming “down market” to invest in startups, presenting the founder with a bewildering array of choices.   Our speaker, Carl Showalter, a partner at Opus Capital and an experienced investor with a long history in Silicon Valley, offers insights and wisdom on how a founder should think about the fundraising process. When is the right time to raise funding? How much money should the founder raise? What part of the investor ecosystem should a founder go to first? Is crowdfunding as good as it looks? What business models still require bootstrapping as a first step? When is the right time to bring in an institutional VC? 

     
  •  
  • Meshulam Riklis’s Growth Strategy by Peter Ireland

    Meshulam Riklis’s Growth Strategy by Peter Ireland

    How Did Tycoon Meshulam Riklis Make His Fortune?   Money is to look at, not to use. – Meshulam Riklis   One of the questions that I get asked on a regular basis is about the possibility of following the tycoon growth strategy without employing debt. The answer is that it is possible to do so. Over the years I have participated on the buy-side in a number of deals with debt averse buyers. One Russian transportation company comes to mind. The management team had basically been given the company for free by the Russian government shortly after the collapse of the USSR in 1991. The managers then threw themselves fully into growing the company internationally, including in the USA. However, their steadfast rule remained “no debt.” Every acquisition had to be financed with internally generated cash.   The downside to avoiding debt is that it will take longer to get started and, thereafter, growth will be slower. However, some people just prefer to avoid the use of debt. In thePlaybook we focus on those who utilize well-managed debt to grow because it’s easier to start that way and the growth rate is far higher. If you are starting out without a large war chest, it’s imperative to be creative about financing. If you wait for the heavens to drop your grubstake into your lap, you will be waiting forever. The lesson is start small and fast, then build momentum.     Tycoons are masters at the creative financing needed to get rolling. Once you learn the basics of deal-making from them and have achieved a critical mass almost any deal becomes do-able. The challenge is to get started today with what you have. Tycoons have a great deal to teach us about getting off our duffs and starting one step at a time. Let’s take a look at what I mean by this.   One of the financial tools used by tycoons is leverage. This simply means that they will use as much debt as possible to put the financing together for a deal. In many cases, for every dollar of equity they invest there are four to nine times as many dollars of debt. We could spend a great deal of time going over how this is done but today I want to leap-frog the topic to someone who took leverage to an extreme.   I refer to Meshulam Riklis who described his financing strategy as “the effective nonuse of cash.” He summed up his financing philosophy as “Money is to look at, not to use.” Recall the old joke about bankers: they will only lend you money when you can show that you don’t need it and slam the door in your face when you do need it. The joke captures the catch-22 faced by borrowers. Riklis came up with a beautiful solution to the problem which he described in the following words:   Mergers may serve several purposes, but they usually have one single aim at the start. That aim […]

     
  •  
  • CNBC Squawk Box: Sen. Warren Leads Charge to Break Up Big Banks

    CNBC Squawk Box: Sen. Warren Leads Charge to Break Up Big Banks Senator John McCain and Elizabeth Warren are teaming up to break up the megabanks. Massachusetts Senator Elizabeth Warren joined the Squawk Box team on Friday, July 12th to discuss this new bill.  

     
  •  
  • Financing your Family Business without Going Broke

    Financing your Family Business without Going Broke

    Financing your Family Business without Going Broke Financing is indispensable for the success and growth of your family business. But after you’ve already tapped out your personal funds, and perhaps those of friends or other family members to get your business up and going, you’re going to have to find a way to keep the lights on without going broke. That means you’re going to have to borrow money or obtain credit from a variety of institutional lenders. Business loans and lines of credit will allow you to cover expenses, buy new equipment, manage cash flow, purchase inventory, create new products or services, or expand your business when the circumstances are right. If your business is new and doesn’t have an established credit history, you may need to provide collateral to secure a loan or credit line. This could be any personal assets that you cannot otherwise monetize or afford to spend on the business, but can be utilized as security. Your best bet would be to approach a local bank or credit union where you have a personal relationship and a history of sound money management. If your business does have a positive credit history for at least a year or two, the commercial bank that issued your business credit card is a good place to go to apply for a line of credit. Make sure that you’ve paid the balance on that card promptly each month, and if necessary, let the bank know that you’ve been shopping around and intend to move any accounts to the lender that can provide credit with the best terms. Most banks will want to keep you as a customer. Regardless of the age or reputation of your family business, or where you go for financing, you’re going to have to prove to every lender that it is a financially solid concern, with the capability of long-term survival. So make sure you have all your paperwork in order, including all financial and tax statements, all profit and loss history, as well as a list of contacts for credit references. You’ll also need to provide a pro forma to each potential lender. This will be a description of how you intend to utilize your loan or line of credit, how it will affect your cash flow, and how you anticipate paying back the money you’re going to borrow. Once you’ve secured funding, make sure you stick religiously to a repayment schedule. As you continue to display credit worthiness, you will be able to increase your credit limit, borrow at more favorable rates, and most important, keep the business going without going broke. Al Krulick is an award-winning journalist with dozens of years of writing experience. He writes and blogs for Debt.org.

     
  •  
  • Becoming Your Own Banker, The Infinite Banking Concept

    Becoming Your Own Banker, The Infinite Banking Concept

     
  •  
  • Shark Tank: Meet the Sharks at Babson

    Shark Tank: Meet the Sharks at Babson ABC Television Shark Tank Hosts/Entrepreneurs Daymond John & Mark Cuban visited Babson College Tuesday, November 29th. The entrepreneurs held a Meet The Sharks event with Babson student businesses True Intentions and Spy Games as well as participated in a Q&A with the student audience. Daymond John is the Entrepreneur-in-Residence at Babson College 2011-2012. Daymond’s creative vision helped revolutionize the sportswear industry in the 1990s. As founder, president and chief executive officer of FUBU—”For Us, By Us”—Daymond created distinctive and fashionable sportswear and a host of other related gear. FUBU’s phenomenal success made mainstream apparel companies realize the potential for fashionable sportswear that appeals not just to trendsetting urban youth, but to mainstream teens as well. Mark Cuban is the highly successful entrepreneur and investor who founded HDNet, Broadcast.com and MicroSolutions. He has also been an investor in startups, including Mahalo, JungleCents.com, motionloft.com, Filesanywhere.com, Naked Pizza and 140Fire.com. Mark may be best known for his purchase of the Dallas Mavericks on January 4, 2000. Under his leadership, the team’s home games have become a total entertainment experience. Despite initial criticism, he added much more to the usual game-day experience by introducing original video content, advanced technology and unique entertainment options like the Mavericks ManiAACs. His successful efforts have brought a sense of pride and passion to the fans.  

     
  •  
  • Human ATMs- – Business

     
  • The keys to Andreessen Horowitz’s success

     
  • To contract new debts is not the way to pay old ones – George Washington

     
  • Saygin Yalcin – Financing – Raising Money

     
  • Why student loans are more affordable

     
  • Steve Foster, TPG Ventures — Haas School

     
  • Business Plans: Jim Goetz, Sequoia Capital

     
  • Grant Thornton 2012 Global Private Equity Report

     
  • Richard Branson announces an amazing opportunity for budding entrepreneurs

     
  • Meltdown (pt 1-4) The Secret History of the Global Financial Collapse 2010

     
  • David S. Rose on pitching to VCs

     
 
 
 

one

Lugen Family Office is the Most Trusted Online Curator on Wealth Management, Financial Literacy, Family Business, Philanthropy, and the UHNW.

Check out over 22,000 Complimentary Posts from Enzo Calamo

 

Family Office Newswire

Gold Award

The #1 Family Office Newswire That Empowers Family Dynasties. Over 8,500 Complimentary Posts and growing rapidly with relevant topics!

Learn from Billionaires How To Handle Your Family Wealth.

ENZO CALAMO IS A GOLD AWARD CURATOR ON BUSINESS FOR SCOOP.IT!

"You're a giant among curators and your work is world-class awesome. Thanks for being an incredible role model to the curator community!" Scoop.it

Read the latest news

 

UHNW Wealth Newswire

home-bgMain

The #1 UHNW Wealth Newswire For Living Your Dreams. Over 5,400 Complimentary Posts on important topics that show you the Secrets of Accumulating and Preserving Wealth!

ENZO CALAMO IS A SILVER AWARD CURATOR ON FINANCE FOR SCOOP.IT!

Read the latest news

 

Follow Enzo on LinkedIn

LinkedIn-Logo-150x150

Top 1% of LinkedIn Connectors in the World

 

Family Business Newswire

Family-business

The #1 Family Business Newswire That Helps You Move From Success to Significance. Over 3,900 Complimentary Posts On Key Factors To Build A Profitable and Sustainable Business!

Read the latest news

 

Philanthropy Newswire

o-PHILANTHROPY-facebook

The #1 Philanthropist Newswire For Leaving A Legacy From The Heart. Check out the latest trends in philanthropy today with over 1,200 Complimentary posts. Learn what some of the greatest philanthropists in history believe about gratitude and giving!

Read the latest news

 

UHNW Real Estate Newswire

REALTOR_GuideToCommercialRealEstate_2

The #1 UHNW Real Estate Newswire for Luxury Homes and Commercial Real Estate. Check out the latest trends in real estate today with over 3,100 Complimentary posts.

Read the latest news

 

Lugen Family Office Proudly Supports AIP

AIP Logo

The International Association of Advisors in Philanthropy is the leading charitable giving organization in the world for inspiring collaboration among professionals.

Enzo Calamo,
AIP Ambassador, Past President

To learn more about AIP, click here

 

Twitter Widget

 

Celebrity Net Worth

Benjamin Galindo Net Worth: Benjamin Galindo is a Mexican soccer coach and retired professional socc [...]

Juanfran Net Worth: Juanfran is a Spanish footballer (soccer player) who has a net worth of $10 mill [...]

John Ferolito Net Worth: John Ferolito is an American entrepreneur who has a net worth of $5 million [...]

Jermaine Huggy Hopkins net worth: Jermaine Huggy Hopkins is an American actor who has a net worth of [...]

Todd Glass net worth: Todd Glass is an American stand-up comedian who has a net worth of $1.5 millio [...]

Tina Sugandh net worth: Tina Sugandh is an Indian American musician and reality television personali [...]

Fernanda Tavares net worth: Fernanda Tavares is a Brazilian model who has a net worth of $20 million [...]

Dominic Barbara net worth: Dominic Barbara is an American attorney who has a net worth of $50 thousa [...]

Chrissy Monroe net worth: Chrissy Monroe is an American reality television personality and model who [...]

Max Casella net worth: Max Casella is an American actor who has a net worth of $2 million. Max Casel [...]

 

Reuters Wealth News

WASHINGTON/NEW YORK (Reuters) - All 31 U.S. banks passed a test of how they would do in a next econo [...]

BOSTON (Reuters) - Hedge fund manager Patrick McCormack, a protégé of industry pioneer Julian Robert [...]

WASHINGTON/NEW YORK (Reuters) - All 31 U.S. banks passed a test of how they would do in a next econo [...]

NEW YORK/LONDON (Reuters) - Boutique investment firm Rothschild has invited investors to organize in [...]

WASHINGTON (Reuters) - All 31 U.S. banks passed a 5 percent minimum hurdle for top-tier capital in a [...]

NEW YORK (Reuters) - It doesn't matter if you are Michael Jordan, Peyton Manning or any other o [...]

(Reuters) - Etsy Inc, which operates a website that sells handmade goods and craft supplies, filed w [...]

NEW YORK (Reuters) - A New York state appeals court on Thursday approved Bank of America Corp's [...]

(Reuters) - A federal judge said investors who lost money in Allen Stanford's $7.2 billion Ponz [...]

ZURICH (Reuters) - Credit Suisse's head of Swiss corporate and institutional clients, Barend Fr [...]

 

MarketWatch Personal Finance

Apple’s smartwatch may need time to take off before it can even approach the popularity of its best- [...]

This week’s data yielded a sense of moderately paced growth here in the U.S. as set against China’s [...]

The one thing Mark Zuckerberg looks for in job candidates, and what Apple and Google users should kn [...]

Welcome to Warren Buffett University. The sage of Omaha penned his 50th annual letter to shareholder [...]

For more than a decade, hackers have exploited a security flaw that has made millions of Internet us [...]

FINRA’s own numbers suggest it isn’t doing enough to root out broker bad apples [...]

Warren Buffett’s 50th annual Berkshire Hathaway shareholder as usual it also contained some importan [...]

The price-to-earnings ratio hasn’t been so high since early 2010, writes Phil van Doorn. [...]

 
 
 
Translate »