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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.
- What investors are getting all wrong about China, says a top Asian fund managerJanuary 16, 2017
- Pound slides to post-flash-crash lows on ‘hard Brexit’ fearsJanuary 16, 2017
- The maker of Ray Ban is merging with a rival in a €50 billion dealJanuary 16, 2017
- South Korea wants to arrest Samsung’s vice chairman on bribery and embezzlement chargesJanuary 16, 2017
- Merkel hits back at Trump: Europe’s fate is ‘in our own hands’January 16, 2017
- Cutting Cash Would Be a Boon for the World’s Poor, Rogoff SaysJanuary 16, 2017
- Singapore’s MAS Warns of ‘Disastrous’ Effect of Trade ConflictsJanuary 16, 2017
- Just how badly could Trump’s threatened 45% tariff hurt China?January 16, 2017
- The world’s eight richest people have same amount of money as half the world’s poor: OxfamJanuary 16, 2017
- Nicole Kidman Get’s Blackballed By Hollywood After Calling For Americans To Stand With Trump January 16, 2017
- Why The Coca-Cola Co (KO) Stock Is a Must-Own for Income InvestorsJanuary 16, 2017
- Oxfam’s attack on ‘beyond grotesque’ inequality fails to highlight the charitable work of the world’s richest peopleJanuary 16, 2017
- Russian billionaire hires Elton John and Mariah Carey for weddingJanuary 16, 2017
- Roman Abramovich’s ex-wife sues her former personal assistant for £19 millionJanuary 16, 2017
- Germany media giant acquires Hong Kong’s luxury news portal LifestyleAsiaJanuary 16, 2017
- Peter Thiel may be mulling a run for California governor: ReportJanuary 16, 2017
- Who are the 8 richest people? All men, mostly AmericansJanuary 16, 2017
- India’s rising income inequality: Richest 1% own 58% of total wealth – Times of IndiaJanuary 15, 2017
- The richest eight tycoons on the planet are worth as much as the poorest 3.6 billion people, Oxfam claimsJanuary 15, 2017
- The world’s largest asset manager wants to rein in the salaries of top execsJanuary 15, 2017
- 15 things successful people do over 3-day weekendsJanuary 15, 2017
- Britain could become a corporate tax havenJanuary 15, 2017
- This tiny pattern makes it impossible to scan or photocopy moneyJanuary 15, 2017
- China’s currency manipulation could become a global problem in 2017January 15, 2017
- 17 of President Obama’s most inspirational quotesJanuary 15, 2017
- We could be heading for ‘a stock pickers’ paradise’ | 01/14/17 | Markets InsiderJanuary 15, 2017
- Everyone is asking the wrong question about EuropeJanuary 15, 2017
- Amazing Human Being Alert: Billionaire To Send Girls Kidnapped By Boko Haram To CollegeJanuary 15, 2017
- Ciara Drops Her $15 Million Lawsuit Against FutureJanuary 15, 2017
- How Much Money Will Barack Obama Get From The Presidential Pension?January 15, 2017
- Scarlett Johansson Is The Highest Grossing Actor Of The YearJanuary 15, 2017
- Don’t buy the spin: Trump’s tycoons really will avoid taxesJanuary 14, 2017
- Mark Zuckerberg’s net worth jumps $5 billion to start 2017 — faster than any other billionaireJanuary 14, 2017
- 10 self-made American billionairesJanuary 14, 2017
- The Countries With The Best And Worst Gender Pay Gap Expectations — And How The U.S. Stacks UpJanuary 14, 2017
- African Billionaire Fortunes Decline On New FORBES List Of The Continent’s RichestJanuary 14, 2017
- Five Ways To Defy Debt CollectorsJanuary 14, 2017
- Russian Billionaires, Including Some Tied To Putin, Have Gained $29 Billion Since Trump’s ElectionJanuary 14, 2017
- Netflix climbs to an all-time high ahead of earningsJanuary 13, 2017
- Family businesses lack succession plansJanuary 13, 2017
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