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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.
- Brent steady below $60, heads for fourth weekly decline as oversupply persists December 18, 2014SINGAPORE (Reuters) - Brent crude held below $60 a barrel near a 5-1/2-year low on Friday as a global oversupply of oil showed little sign of receding, even as companies cut upstream investments next year.
- Thai Union Frozen to buy North American tuna firm Bumble Bee for $1.5 billion December 18, 2014BANGKOK (Reuters) - Thai Union Frozen Products PCL , the world's largest canned tuna producer, said on Friday it has signed an agreement to acquire 100 percent of North American tuna company Bumble Bee Foods for $1.51 billion from a private equity firm.
- China 2013 GDP revision won't affect growth this year December 18, 2014BEIJING (Reuters) - China has revised up the estimated size of its economy for 2013 by 3.4 percent to 58.8 trillion yuan ($9.5 trillion), the National Bureau of Statistics said on Friday, but said the revision will not affect economic growth this year.
- U.S. to sell final $1.25 billion shares of Ally Financial from bailout December 18, 2014(Reuters) - The U.S. Treasury Department will sell its remaining 54.9 million shares of Ally Financial Inc acquired under the government's bailout of the auto lender, Ally said on Thursday.
- Unilever drops mayonnaise suit against Just Mayo maker December 18, 2014(Reuters) - Unilever Plc's U.S. division said it has withdrawn its lawsuit against food startup Hampton Creek over false advertising and unfair competition related to its Just Mayo product.
- China 2013 GDP revision won't affect growth this year December 18, 2014BEIJING (Reuters) - China has revised up the estimated size of its economy for 2013 by 3.4 percent to 58.8 trillion yuan ($9.5 trillion), the National Bureau of Statistics said on Friday, but said...
- BOJ stands pat, offers brighter view on economy December 18, 2014TOKYO (Reuters) - The Bank of Japan kept monetary settings unchanged on Friday and offered a more upbeat view on the economy, signaling that no immediate expansion of stimulus was on the horizon.
- Japan's Amari: weak yen, falling oil prices good for economy December 18, 2014TOKYO (Reuters) - Japanese Economics Minister Akira Amari said on Friday that a weak yen is benefiting the country's exporters and that a fall in oil prices is also good for the economy.
- Asian stocks extend bounce on Wall Street, Fed cheer December 18, 2014SYDNEY (Reuters) - Japanese stocks led Asian markets higher on Friday, after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve was in no rush to start...
- Russian ruble weakens as traders see no major measures in Putin speech December 18, 2014MOSCOW (Reuters) - The ruble weakened against the dollar and euro on Thursday with traders saying President Vladimir Putin had so far offered no concrete measures to pull Russia out of a crisis at...
- Alternative lenders are hot -- especially among millennials December 18, 2014With two recent IPOs and a digitally-inclined audience of entrepreneurs, non-traditional financing could finally get its big break.
- Reddit cofounder: The next Google is one visa away from leaving U.S. December 18, 2014Read full story for latest details.
- Oprah-approved startup raises $6.25 million December 17, 2014News startup The Skimm announced a new round of funding, 1 million active readers, and plans to expand into a 'lifestyle brand.'
- Cow farmers get high-tech tracking app December 17, 2014Brazilian startup BovControl is turning cows into data with a mobile app.
- Google Ventures: less Ubers, more health care December 16, 2014The venture capital investment arm of the tech giant has quadrupled its funding of life sciences and health startups this year.
- Mortgage rates hit a new low for the year December 18, 2014Amid falling gas prices and investor nervousness, the average rate for a 30-year fixed-rate loan fell to 3.8%, a rate not seen since May 2013.
- Alternative lenders are hot -- especially among millennials December 18, 2014Read full story for latest details.
- Payday lenders throw millions at powerful politicians to get their way December 18, 2014Payday lenders are spending millions of dollars in Washington in an attempt to get powerful politicians on their side as a government crackdown on the industry heats up.
- Re-gifting is fine... if you follow these rules December 18, 2014Etiquette experts say re-gifting is generally considered acceptable, as long as you follow these rules.
- Toyota has best value: Consumer Reports December 18, 2014Read full story for latest details.
- NBA confirms L.A. Clippers sale to ex-Microsoft CEO Steve Ballmer May 30, 2014Donald Sterling sues the NBA for damages and demands to be reinstated as owner.
- FBI and SEC probe into Carl Icahn and golfer Phil Mickelson May 30, 2014Authorities are looking into the potenial insider trading.
- Google launches "right to be forgotten" service in Europe May 30, 2014Now European citizens can request to have search results removed.
- Five crazy things Steve Ballmer has done May 30, 2014In light of Ballmer placing the highest bid on an NBA team in history on Thursday, here are some of his wackiest actions and greatest hits.
- Zuckerberg's latest donation reawakens concerns over mixed results in Newark May 30, 2014Facebook founder and his wife donate $120 million to Bay Area schools, claim to have learned from previous gift to Newark, N.J. schools.
- Avon fined for bribing Chinese officials with Gucci bags December 18, 2014Beauty goods company Avon has been fined $135 million by the SEC for bribing Chinese officials with luxury goods -- everything from Gucci bags to Tiffany pens.
- Russia crisis hurts these brands the most December 18, 2014Read full story for latest details.
- Uber agrees to temporarily suspend service in Portland December 18, 2014Uber is standing down for the next three months in Portland, just one of the cities where it has run into trouble.
- Top 1%: What they made, what they paid December 18, 2014Read full story for latest details.
- Toyota's futuristic, freaky fuel-cell car December 18, 2014Toyota's new Mirai hydrogen fuel cell vehicle is worth a good, serious look. It won't be easy, though. While hydrogen fuel cell cars are mired in controversy, there's one thing everyone seems to agree on about this one.
- FOREX-Yen slips vs dollar, euro as risk sentiment improves December 18, 2014* BOJ maintains massive stimulus as expected, Kuroda presser eyed
- BOJ stands pat, offers brighter view on economy December 18, 2014TOKYO, Dec 19 (Reuters) - The Bank of Japan kept monetary settings unchanged on Friday and offered a more upbeat view on the economy, signalling that no immediate expansion of stimulus was on the...
- GLOBAL MARKETS-Asian stocks extend bounce on Wall St, Fed cheer December 18, 2014* Swiss central bank imposes negative rates to restrain franc
- FOREX-Yen edges down vs dollar, euro as sentiment improves; BOJ awaited December 18, 2014* BOJ set to maintain massive stimulus, Kuroda presser eyed
- GLOBAL MARKETS-Asian stocks catch Wall St tailwind December 18, 2014* Swiss central bank imposes negative rates to restrain franc
- Dow soars more than 400 points December 18, 2014Stocks soared for a second straight day with the Dow topping 400 points for the first time since November 2011 and the S&P 500 posting its biggest jump since January 2013. Leah Duncan reports.
- Mixed reviews on Sony movie cut December 18, 2014Sony's controversial decision to cancel the release of "The Interview", is getting mixed reviews- some saying they had no choice- but others fearful of the broader consequences to hollywood. Bobbi Rebell reports.
- EZ leaders grapple with economy, Russia December 18, 2014Ahead of the last summit of European leaders this year, German chancellor Angela Merkel warns there's no quick and simple fix to the euro zone crisis. The economy is top of a heavy agenda for the two-day meeting, as is the possibility of further sanctions against Russia. Joel Flynn reports.
- I give Sony Pictures leadership a "D"-Mike Paul December 18, 2014Reputation consultant Mike Paul, President of Reputation Doctor LLC, says the current crisis at Sony is a failure of leadership, and a change is needed. Bobbi Rebell reports.
- Breakingviews: Biotech bonanza December 18, 2014Robert Cyran and Reynolds Holding discuss Juno Therapeutics' IPO and the prospects for its cancer drug as well as other promising technologies in the booming sector.
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From Homeless to Millionaire – 3 Success Lessons from Chris Gardner Today we’re going to look at how a high school dropout and homeless man would go from living on the streets and bathing in public restrooms to building one of the most successful stock brokerage firms in America. This is the story of multi-millionaire Chris Gardner and the top 3 lessons that you can learn from his success. “Find something that you love. Something that gets you so excited you can’t wait to get out of bed in the morning. Forget about money. Be happy.” – Chris Gardner Chris Gardner (born on February 9, 1954) was the only son of 12 children that was being raised by a single mother. His single mother was trained as a schoolteacher, but wound up taking on numerous part-time jobs in order to provide for her family. Gardner and his siblings were transferred back and forth between relatives and foster homes. His mother had been imprisoned twice; once, for allegedly receiving welfare while working, and the second time for attempting to burn down the house of Gardner’s abusive stepfather. Gardner’s prospects were narrow coming from an environment such as this. While on a sales call, Gardner met a man who was impeccably dressed and drove a red Ferrari. As fate would have it, the driver of the Ferrari was a stockbroker. When Gardner heard that the man was earning over $80,000 a month, he decided that his future lied in investments. He had no education, no experience, and no connections, but that was not about to stop Gardner from achieving his new dream. Once he had decided to become a stockbroker, Gardner immediately set out to find an investment firm that would give him a chance. In one brokerage firm, Gardner finally found a manager of a training program who was willing to give him a shot. However, when Gardner showed up for his first day of work, the manager who had hired him had been fired and no one else had ever heard of Gardner or his new position. He left with his hopes disappointed. Nevertheless, Gardner didn’t give up on his dreams. He continued to seek out investment firms, taking odd jobs to pay the bills in the meantime. Dean Witter, a San Francisco-based brokerage firm was interested in Gardner but refused to bring him on board before putting him through ten months of interviews. It would be a grueling ten months. Gardner showed up for his interview in a T-shirt and dirty jeans. He could have fabricated some heroic story to explain his appearance. Instead, Gardner decided to tell the truth. In plain terms, Gardner told his interviewer that the mother of his son had ran off with his child, that he was broke, and that he has just gotten out of jail the day before. As luck would have it, the interviewer had recently been through a nasty divorce and could sympathize with […]
Business Ideas – How to Master the Art of Selling Anything like John Johnson (Ebony) Today we’re going to look at how a man went from living on welfare to becoming the first African American to make it onto the Forbes 400 list of the richest people in the world. By the time he died he was worth an estimated $600 million. “When I see a barrier, I cry and I curse, and then I get a ladder and climb over it… Failure is a word I don’t accept.” – John Johnson John Harold Johnson (January 19, 1918 — August 8, 2005) was an American businessman and publisher. He was the founder of the Johnson Publishing Company, and in 1982, the first African-American to appear on the Forbes 400 list of the richest people in the world. Action Item #1: Don’t Get Mad, Get Even Until you prove yourself as an entrepreneur you’re going to have a lot of people doubt your ability to succeed. They’ll tell you to “play it safe” and get a job. They might also tell you that your product or service idea has been done before or is too crazy to do well. Part of your entrepreneurial journey will be using criticism as a counsellor but not as a jailor – listen to what can help you and don’t let harsh words prevent you from moving forward on your dreams. All his life, Johnson had been told that he would not amount to much. He was a victim of the racism that was so prevalent in the U.S. at the time. Time after time, Johnson was discouraged from thinking he could one day be great and was blocked every time he tried. In addition to being denied bank loans because he was black, Johnson found it impossible to even purchase an office for his new company once he had obtained the money. When Johnson went to purchase a building in Chicago’s downtown area to be his company’s headquarters, he couldn’t make the deal – he was refused the purchase because he was black. But, like at so many other times in his life, Johnson refused to give up. He wasn’t going to let a racist property manager stand in the way of his success. His advice: “It’s better to get smart than to get mad… Long shots do come in and hard work, dedication and perseverance will overcome almost any prejudice and open almost any door.” Action Item #2: Master the Art of the Sale In his best-selling autobiography, Succeeding Against the Odds, Johnson wrote a chapter entitled, “How to Sell Anybody Anything in Five Minutes or Less.” Johnson’s elementary rule to making a sale was that your pitch “be based not on your self-interest but on their self-interest… When I go in to see I never say, ‘Help me because I am black’ or ‘Help me because I am a minority.’ I always […]
Business Ideas – 3 Business Lessons From William Wrigley Jr by Evan Carmichael Today we’re going to look at how a young man started his business with his life savings of $32, moved to a new city, changed his business twice, and eventually found his winning ticket and built a multi-billion company. This is the story of William Wrigley Jr. and the top 3 lessons that you can learn from his success. “I have sometimes been asked what single policy has been most profitable in our business. I have always unhesitatingly answered, restraint in regard to immediate profits. That has not only been our most profitable policy, it has been pretty nearly our only profitable one.” – William Wrigley Jr. William Wrigley Jr. (September 30, 1861–January 26, 1932) was a U.S. chewing gum entrepreneur and founder of the William Wrigley Jr. Company in 1891. He was 29 years old when he used his life savings of $32 to move to Chicago and start up his own soap manufacturing business. He started manufacturing and selling soap but with poor sales, Wrigley began offering a can of baking powder for free with each soap purchase. Soon, Wrigley realized that his baking powder was more popular than his soap, so he switched to manufacturing baking powder full time, and instead offered free chewing gum as a bonus. And, in an all-too familiar pattern, Wrigley quickly saw his chewing gum bonus become more popular than the baking powder so he switched businesses again. Wrigley passed away in 1932 at the age of 70. The company he founded went on to become the number one maker of chewing gum products in the world, with over 16,000 employees and revenues in excess of $5 billion in 2007. In 2008, Wrigley was acquired by Mars, Inc. for $23 billion. Action Item #1: Give Something Extra Action Item #2: Don’t Focus on Immediate Profits Action Item #3: Believe in Yourself Quotes “Everybody likes something extra, for nothing.” “Even in a little thing like a stick of gum, quality is important.” “Nothing great was ever achieved without enthusiasm.”
Introducing the concept of a Collaborative Will by Tom Deans At a farm convention in Chicago, I was approached by an audience member who explained that gifting a working farm to her children was preferable to selling and leaving them each $5 million. When I pressed her for more details – such as – “what do your children think of your plan?” She snapped her head back and proclaimed, “why would I tell them?” I have to confess it wasn’t the first time that I had heard someone say that silence was going to be the key ingredient of their estate plan. It got me thinking how many beneficiaries – children especially — truly know the contents of their parent’s wills? When I put the question to my audiences, “how many people hold a copy of their parents’ wills?” Only 10% on average acknowledge they do. The more interesting question is: “how many in the audience will play a lead or significant role in providing care for an aging parent?” The response — an average of 75% — agreed they would. I find the disparity between these two pieces of data, striking. The relationship between inheriting money and the provision of health care is an issue moving into the media and cultural spotlight for two major reasons – we’re living longer (a lot longer) and the cost of health care and assisted living are rising faster than inflation and saving rates. For some who live much longer than the average age of 76 for men and 81 for woman, many will turn to family for financial support and care when their savings are fully depleted – the same family from whom secrets were kept when a surplus seemed assured. Why do so many people keep secrets from those who will likely be providing them with late in life care? How do secrets serve beneficiaries or add to relationships before we become old and dependant? Talk to enough estate planning professionals and they’ll tell you it almost always comes down to a lack of trust and a debilitating fear of death. For those who view their money as an absolute source of power and control you can see how the aging process and the concomitant relinquishing of power and control makes dying and death such a wretched, fearful experience. Compare that to individuals who seriously prepare family, friends and charitable organizations to receive not just their wealth but their wisdom and you’ll find some extraordinary relationships built purposefully over a lifetime – even when years outstrip savings. Sharing the contents of a will requires judgment – some might call it wisdom nurtured over time. A wisdom both taught and harvested through conversations with intended beneficiaries not in the last year of life, when death seems imminent, but precisely the opposite, when death is a distant abstraction. A will doesn’t need to be seen as a solo “end of life document” but rather a […]
World’s Tallest Luxury Housing: Rise of The Super Towers In the past, most of the world’s tallest buildings were erected to provide office space, like Chicago’s Willis Tower and the Empire State Building. The shift toward high-rise dwelling started about 15 years ago, according to the Council on Tall Buildings and Urban Habitat, as interest revived in living in city centers. The 9/11 attacks dampened the nascent trend — but only for a time. As the housing bubble inflated, dozens of residential high rises began popping up in major U.S. cities. New construction ground to a near-halt as the bubble burst and recession ensued, but now, as developers begin to bring projects back online, their buildings — commonly luxury and super luxury condo towers geared toward cash-flush global buyers — are getting even taller.
Shelly Lazarus – Ogilvy & Mather – A Board’s Role and Philanthropy A great Board will help your organization grow and prosper. The Chairman of Ogilvy & Mather discusses the keys to building a great Board, and how Philanthropy today can drive your business forward in the future.
My parents won’t listen to my money advice! Even if your parents don’t trust your judgment, you can still steer them in the right financial direction.
Jeff Hancock: The future of lying Who hasn’t sent a text message saying “I’m on my way” when it wasn’t true or fudged the truth a touch in their online dating profile? But Jeff Hancock doesn’t believe that the anonymity of the internet encourages dishonesty. In fact, he says the searchability and permanence of information online may even keep us honest. Jeff Hancock studies how we interact by email, text message and social media blips, seeking to understand how technology mediates communication. Why you should listen to him: Jeff Hancock is fascinated by the words we choose when sending text messages, composing emails and writing online profiles. An Associate Professor of Cognitive Science and Communications at Cornell University, his research has focused on how people use deception and irony when communicating through cell phones and online platforms. His idea: that while the impersonality of online interaction can encourage mild fibbing, the fact that it leaves a permanent record of verifiable facts actually keeps us on the straight and narrow. Hancock has also studied how we form impressions of others online, how we manage others’ impressions of ourselves, and how individual personalities interact with online groups. “[Hancock and his fellow Cornell researchers] tackled what they call deceptive opinion spam by commissioning freelance writers on Mechanical Turk, an Amazon-owned marketplace for workers, to produce 400 positive but fake reviews of Chicago hotels.” The New York Times
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- Your Personality and Your Brain | Scott Schwefel December 15, 2014
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- How to Grow Talent You Weren’t Born With | Russell Falstead December 15, 2014
- The Simple Power of One Breath | Jonathan Winn December 15, 2014
- The Most Polluted Generation | Penelope Jagessar Chaffer December 15, 2014
- Tom Petters Net Worth December 18, 2014Tom Petters Net Worth: Tom Petters is an American businessman who has a net worth of $50 thousand. Tom Petters was born in St. Cloud, Minnesota in July 1957. He was the chairman and CEO of Petters Group Worldwide but was convicted of massive business fraud in 2009. Petters is imprisoned at the United States […]
- Martin Cummins Net Worth December 18, 2014Martin Cummins Net Worth: Martin Cummins is a Canadian actor who has a net worth of $500 thousand. Martin Cummins was born in North Delta, British Columbia, Canada in November 1969. Cummins is best known for his role as Ames White in the TV series Dark Angel. Martin studied at the Vancouver Actors Studio. He […]
- Buddy Nielsen Net Worth December 18, 2014Buddy Nielsen Net Worth: Buddy Nielsen is an American singer and musician who has a net worth of $300 thousand. Buddy Nielsen is best known as the lead vocalist for the post-hardcore band Senses Fail. Senses Fail formed in 2002 in Ridgewood, New Jersey. Nielsen is the only original member of the band still remaining. […]
- Donald Goines Net Worth December 18, 2014Donald Goines Net Worth: Donald Goines was an African-American writer who had a net worth of $500 thousand. Donald Goines was born in Detroit, Michigan in December 1936 and passed away in October 1974. Goines wrote urban fiction and his novels were greatly influenced by the work of Iceberg Slim. Goines lied about his age […]
- Brooke Anderson Net Worth December 18, 2014Brooke Anderson Net Worth and salary: Brooke Anderson is an American television correspondent who has a net worth of $2 million. Brooke Anderson was born in Savannah, Georgia in May 1978. Anderson is a correspondent for Entertainment Tonight since 2013. She was formerly a co-host of The Insider and was a culture and entertainment anchor […]
- Washington governor pushes capital gains tax in face of budget gap December 18, 2014SEATTLE (Reuters) - Washington state Governor Jay Inslee on Thursday proposed a new tax on capital gains to try to close a projected budget shortfall of more than $2 billion, rolling back on a...
- U.S.-based emerging market stock funds see $831 million outflows in week: Lipper December 18, 2014NEW YORK (Reuters) - Investors in U.S.-based funds pulled $831 million out of emerging market stock funds through the week ended Dec. 17, the third straight week of ouflows, data from Thomson...
- U.S.-based emerging market stock funds see $831 mln outflows in week -Lipper December 18, 2014NEW YORK (Reuters) - Investors in U.S.-based funds pulled $831 million out of emerging market stock funds through the week ended Dec. 17, data from Thomson Reuters' Lipper service showed on Thursday.
- Schwab's Clendening leaving with more than $5.2 mln package December 18, 2014NEW YORK (Reuters) - John Clendening, the former co-head of Charles Schwab Corp's retail brokerage business, will collect a cash payment of $5.17 million as part of a separation agreement he signed...
- Wherever you go, there you are December 18, 2014(Reuters) - Here is the thing about investing: wherever you go, there you are.
- ETF Trader: Stock market in a giving mood December 18, 2014Nothing in this week’s reports derails Jim Lowell’s view of and for slow and reasonable economic growth.
- Mutual Funds Weekly: How Colbert’s ‘truthiness’ hit home with investors December 18, 2014Stephen Colbert broadcasts his final show tonight, and viewers can only give “The Colbert Report” a tip of the hat for being the award-winning investing advice program it is.
- Personal Finance Daily: The 12 bottles of Christmas, how to avoid airline fees December 18, 2014The bottles of booze you should gift this holiday season, and how to avoid baggage fees.
- This Corvette is faster than Hellcat, Ferrari, McLaren December 18, 2014The new 2015 Chevy Corvette Stingray Z06 will come out of the box with wicked fast performance times.
- 6 industries that can’t find workers fast enough December 18, 2014Companies are looking for employees in these areas.