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unHeritage – 11 Pitfalls to Family Legacy and How to Avoid Them
“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
Center for Family Conversations
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.
THE TYCOON PLAYBOOK – How Business Empires Are Built
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.
Greg McKeown: Essentialism – The Disciplined Pursuit of Less Greg McKeown saw first-hand how success can lead straight to professional and personal failure, during his career evaluating and coaching Silicon Valley executives. The heart of the problem, he says, is the insidious idea that we can do it all. As entrepreneurs and executives find success, they’re often overwhelmed by expectations and options, and end up losing the single-minded focus that made them successful in the first place. Taking inspiration from legendary designer Dieter Ram’s philosophy of “less but better”, McKeown outlines an antidote in his book Essentialism: The Disciplined Pursuit of Less, which features practical tips on how to figure out what’s most important, eliminate the trivial, and establish routines for effortless execution. McKeown earned his MBA from Stanford Graduate School of Business.
Arianna Huffington: How Stress Affects the Bottom Line Arianna Huffington, chair, president, and editor-in-chief of Huffington Post Media Group and author of Thrive, discusses how businesses can improve their bottom line by focusing on employee wellness.
Buffett on technology replacing jobs Warren Buffett explains why he thinks it’s progress to have technology replacing human jobs, but acknowledges that people who are left behind need support.
In Canada the top .01% of income earners have an average income of $6 million, and collectively earn 1.5% of our total income. Sounds like a lot until you look at the US, where the top .01% earn an average of $24 million each – which adds up to a 4.5% share of the total. (from Canadian Business, Dec 9, 2013, Editor’s Letter by Duncan Hood)
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 as “the process of quantifying the efficiency and effectiveness of past actions”, while Moullin 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. 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. 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. Economist Dean Baker disagrees and says that “housing wealth effect” is […]
/ Behaviour Economics, Capitalism, Christianity, Economics, Faith, Financial Literacy, Financial Planning, Money, Money Values, Productivity, Prosperity, Psychology of Money, Risk management, Spiritual, True Wealth, Wealth Preservation
Part One – The Ideal Economy To learn more, click here. Part Two – What Goes Wrong To learn more, click here. Part Three – Why It Goes Wrong To learn more, click here. Part Four – Principled Reasoning To learn more, click here. Part Five – Investment Decision Making To learn more, click here. Part Six – Global Economy and Investment Markets To learn more, click here.
/ Behaviour Economics, Billionaire News, Capitalism, Economics, Financial Literacy, Financial Planning, Financial Planning Advice for Advisors, Millionaires, Money, Money Values, Prosperity, Psychology of Money, Wealth Preservation
Enzo Calamo Is A Best Selling Author
Enzo Calamo is the Best Selling co-author of "How To Create Infinite Returns In Real Estate Using The Secret Asset: How To Recover All Business and Personal Expenses Using The Secret Asset" This is a must read for every affluent investor.
Enzo Calamo Is A Gold Award Curator
Scoop.it describes Enzo Calamo "as a rock star of content curation."
Lugen Family Office is the Most Trusted Online Curator on Legacy Planning, Wealth Management, Financial Literacy, Family Business, Philanthropy, Technology Trends, Healthy Living, and the UHNW.
ALL POSTS ARE CURATED BY ACTUAL EXPERTS!
Check out our 11 Gold Award UHNW Newswires.
- 13 Things Your Business Needs to Automate Right NowFebruary 26, 2017
- Five Signs You’re Successful — Whether You Know It Or NotFebruary 26, 2017
- Jessica Mah Shares Her 5 Best Pieces of Advice for Women EntrepreneursFebruary 26, 2017
- What I Learned From Mentoring Startups in the World’s Best AcceleratorsFebruary 26, 2017
- Why your Startup should take 4–6 weeks to launch, not 4–6 monthsFebruary 26, 2017
- 7 Critical Questions Every Start-Up Entrepreneur Must AnswerFebruary 26, 2017
- Startup essentials: What’s the difference between growth marketing and growth hacking?February 26, 2017
- OMERS sees 10.3% investment return in 2016 – Article – BNNFebruary 26, 2017
- Warren Buffett says investors should stick with index funds – Article – BNNFebruary 26, 2017
- Canadians contributed less to TFSAs in 2016, survey finds – Article – BNNFebruary 26, 2017
- Personal Investor: Health costs and taxes draining retirement nest eggs – Article – BNNFebruary 26, 2017
- Personal Investor: How to become a millionaire at 65 – Article – BNNFebruary 26, 2017
- Self-made millionaire: Here are 3 things rich people do differentlyFebruary 26, 2017
- How this self-made millionaire got rich by ‘chasing mammoths’February 26, 2017
- Forever Broke: 15 Things Holding You Back From Becoming a Multi-MillionaireFebruary 26, 2017
- How this self-made millionaire started a classic car empire out of his garageFebruary 26, 2017
- 4 lessons you can learn from America’s first female self-made millionaireFebruary 26, 2017
- Self-made millionaire: ‘Most people should not be going to college’February 26, 2017
- 30-year-old self-made millionaire: This is how to make your family smarter about moneyFebruary 26, 2017
- Self-made millionaire: Here are the 2 rules I follow to ‘have it all’February 26, 2017
- The practical, unsexy steps it takes to actually become a millionaireFebruary 26, 2017
- 31-year-old millionaire who saves 50% of his income shares his No. 1 money-saving tipFebruary 26, 2017
- A startup sale made this low-level employee into an Indian millionaireFebruary 26, 2017
- Millionaire who works 95 hours a week shares how he avoids burnoutFebruary 26, 2017
- What to do in your 20s to become a millionaire, from the author of ‘I Will Teach You To Be Rich’February 26, 2017
- Jackie Chan calls America ‘most corrupt country in the world’February 26, 2017
- Warren Buffett upbeat on US business growth – BBC NewsFebruary 26, 2017
- Hiding Assets In Kids’ Companies Results In Denial Of Discharge In CorkFebruary 26, 2017
- Bret Hart Recalls Meeting Donald Trump, Weighs In On Linda McMahon And Sharpshooter FundingFebruary 25, 2017
- One Woman’s Journey From ‘Barefoot Doctor’ To Casino BillionaireFebruary 25, 2017
- 3 Stocks Billionaire Carl Icahn Is Buying — The Motley FoolFebruary 25, 2017
- This is how 5 self-made billionaires beat stressFebruary 25, 2017
- ‘Shark Tank’: The 6 Greatest Lessons After A Year With Billionaire Mark CubanFebruary 25, 2017
- Billionaire Adelson Reaps Benefits From Big Republican DonationsFebruary 25, 2017
- Puff Daddy Says He’s Not Hip Hop’s First Billionaire … YetFebruary 25, 2017
- Cirque Du Soleil Billionaire Guy Laliberte Helps Fight Global Water Crisis With Luxury AuctionFebruary 25, 2017
- Care to bid for Donald Trump’s Ferrari F430 F1 Coupe?February 25, 2017
- Montegrappa’s New Pen Would Make Doctor Strange EnviousFebruary 25, 2017
- The Next Financial Crisis Might Be in Your DrivewayFebruary 25, 2017
- Schwarzman’s $425 Million Payout Leads Private Equity TitansFebruary 25, 2017
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