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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.
- A behavioral economist reveals when it’s time to quit to your jobDecember 8, 2016
- Something interesting — and possibly alarming — is happening with Tesla stockDecember 8, 2016
- Inflationary pressures are stirring in ChinaDecember 8, 2016
- 4 billionaires who support kids non-profits | EasierDecember 8, 2016
- Only 51% of 30-year-olds are making more money than their parents didDecember 8, 2016
- Stock benchmarks just did something they haven’t done in nearly 20 yearsDecember 8, 2016
- Google Makes So Much Money, It Never Had to Worry About Financial Discipline—Until NowDecember 8, 2016
- Woman on New Canada $10 Bill Fought Racism Before Rosa ParksDecember 8, 2016
- Don’t buy into the dividend ‘fallacy,’ new academic paper warnsDecember 8, 2016
- Market indicator hits extreme levels last seen before plunges in 1929, 2000 and 2008December 8, 2016
- Changing Charitable Donations May Be AdvisableDecember 8, 2016
- In photos: Former astronaut John Glenn dies at 95 – The Globe and MailDecember 8, 2016
- 15 quotes from self-made billionaires that will change your outlook on moneyDecember 8, 2016
- Richard Branson’s advice rebukes the popular “fail faster” theory – The American GeniusDecember 8, 2016
- Billionaires Sergey Brin, David Tepper Join Steve Ballmer, Stanley Druckenmiller In $850 Million Philanthropic Bet To Help Nation’s KidsDecember 8, 2016
- JPMorgan’s CEO Is the New Head of Business RoundtableDecember 8, 2016
- How to invest like Soros, Buffett, Gross, Lynch: New insights on alpha – BizNews.comDecember 8, 2016
- Facebook COO Sheryl Sandberg Gives Over $100 Million In Facebook Stock To CharityDecember 8, 2016
- Why Amazon founder Jeff Bezos does his best to get eight hours of sleep a nightDecember 8, 2016
- The March of the Billionaires: On Trump’s Bait and SwitchDecember 8, 2016
- 5 Ways Billionaires Maximize Their TimeDecember 8, 2016
- Do Women Make Better Investors Than Men?December 8, 2016
- ‘The Big Short’ author Michael Lewis says this is where you should put your moneyDecember 7, 2016
- Trump’s penchant for dealmaking follows in the footsteps of Lyndon B. JohnsonDecember 7, 2016
- New York Yankees reportedly sign Aroldis Chapman to $86 million contractDecember 7, 2016
- U.S. Buyers Snap Up Credit-Card Debt of Prudent CanadiansDecember 7, 2016
- Trump picks wrestling magnate Linda McMahon to lead Small Business AdministrationDecember 7, 2016
- A jewelry expert shares everything you need to know before buying an engagement ringDecember 7, 2016
- The 10 US cities where Americans have the best creditDecember 7, 2016
- SCHWARZMAN: Donald Trump is going to change the ‘architecture of the world’December 7, 2016
- How Millennials Are Changing the Face of PhilanthropyDecember 7, 2016
- 6 Life Lessons from Warren BuffettDecember 7, 2016
- ‘I’m going to negotiate prices’: Trump explains why he went after Boeing over Air Force OneDecember 7, 2016
- Outlook good for expanded accredited investor definition after strong approval in HouseDecember 7, 2016
- The Richest Men Ever: Here the 10 richest men ever in world history featuring two AfricansDecember 7, 2016
- Verizon to sell data centers to Equinix for $3.6 billionDecember 7, 2016
- Foreign firms spend £100bn buying British businesses so far in 2016 December 7, 2016
- No price like home: Big spenders reappear in ChinaDecember 7, 2016
- The 3 trends that will affect the economy in 2017December 7, 2016
- Deep value investing: dispelling the ultimate investing misconceptionsDecember 7, 2016
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