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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.
FAMILY OFFICE OF THE YEAR
Lugen Family Office was recognized as the Family Office of The Year in 2016 in Canada by Wealth and Finance International Magazine
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.
- The 1 Book Bill Gates and Warren Buffett Say You Should Read to SucceedApril 26, 2017
- The Trump and Trudeau offices released 2 very different readouts of a tense-sounding call amid a mounting trade disputeApril 26, 2017
- Should you take a lump sum or annuity for retirement?April 26, 2017
- New research shows how differently male and female execs see gender in the boardroomApril 26, 2017
- Chinese stocks are experiencing the mother of all dead cat bouncesApril 26, 2017
- Here’s how much a Trump tax-plan letdown could whack the stock marketApril 26, 2017
- The Cheap Energy Revolution Is Here, and Coal Won’t Cut ItApril 26, 2017
- World’s Top Money Manager Sees Nothing to Like in Canada StocksApril 26, 2017
- Canada Is Confident U.S. Will Lose Lumber Dispute, Freeland SaysApril 26, 2017
- Here’s the oldest business in every stateApril 25, 2017
- Derek Jeter and Jeb Bush group have reportedly reached an agreement to purchase the Miami Marlins for $1.3 billionApril 25, 2017
- Trump is taking aim at one of America’s closest allies — and he has bipartisan backingApril 25, 2017
- Warren Buffett Lost Nearly $1 Billion On His IBM Investment Earlier This WeekApril 25, 2017
- LVMH Shares Top Paris Market After Christian Dior Buyout DealApril 25, 2017
- Embrace the Caribbean Lifestyle by Buying a Beach House on AnguillaApril 24, 2017
- Indonesia’s Exotic New Private-Island ResortApril 24, 2017
- Experience Rosé Like Never Before with This New Riedel Wine GlassApril 24, 2017
- Remember When Alec Baldwin Starred In Capital One Ads? He Donated All Of That Money To CharityApril 24, 2017
- Buffett’s Foundation Donating $90 Million Supporting Women Of ColorApril 24, 2017
- Australian Toy Maker Born In A Refugee Camp Becomes BillionaireApril 24, 2017
- The 10 Highest-Earning Golfers Of All TimeApril 24, 2017
- LeBron James Doesn’t Want Endorsement Deals From Public Companies… And It’s A BRILLIANT Business MoveApril 24, 2017
- Bill and Melinda Gates receive Légion d’Honneur medalsApril 24, 2017
- Everything you need to know about Amber Heard, the actress who seems to be dating Elon MuskApril 24, 2017
- A wealth management veteran explains why understanding emotions is key to investingApril 23, 2017
- 15 habits of self-made millionaires, from a man who spent 5 years studying rich peopleApril 23, 2017
- Happiness expert shares the one key both philosophers and scientists agree is necessary to be happyApril 23, 2017
- Billionaire Larry Ellison teamed up with Robert De Niro and chef Nobu Matsuhisa to open a hotel where rooms start at $1,100 a nightApril 23, 2017
- 2 major new polls show Trump will conclude his first 100 days as the least popular president in modern historyApril 23, 2017
- Inside the 7 Most Luxurious Suites at SeaApril 23, 2017
- 10 Trips to Take Before It’s Too LateApril 23, 2017
- Christie’s Beverly Hills Flagship Features Exhibition Worth Around $500 MillionApril 23, 2017
- Is Amsterdam the World’s New Culinary Capital?April 23, 2017
- Four Seasons Is Building Magical Homes at Disney World—Here’s an Inside LookApril 23, 2017
- Six Visionary Electric Vehicles Designed with Earth Day in MindApril 23, 2017
- Can This Luxurious Nile Cruise Ship Revive Egypt’s Tourism Industry?April 23, 2017
- 10 Hybrid Superyachts for Earth DayApril 23, 2017
- Oil Falls Below $50 as Surging U.S. Output Undermines OPEC CutsApril 23, 2017
Lugen Family Office Proudly Supports AIP
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