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unHeritage – 11 Pitfalls to Family Legacy and How to Avoid Them

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“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

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Center for Family Conversations

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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.

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THE TYCOON PLAYBOOK – How Business Empires Are Built

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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.

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CNN Financial News

Kelly Osbourne quits E!'s 'Fashion Police'"Fashion Police" is losing one of its most popular co-hosts. [...]

'House of Cards' fans that already finished season 3Meet the fastest fans in the land ? at least according to their tweets. Twitter users @challi1337, @ [...]

Iran hacked an American casino, U.S. saysRead full story for latest details. [...]

They're getting cash, free products, and YouTube-famousDayLynn Contreras of Austin, Texas, has a full-time job as a programmer, but she's counting dow [...]

Identity theft tops list of consumer complaintsRead full story for latest details. [...]

Rick Perry: 'Unemployment rate is a sham'Read full story for latest details. [...]

Benmosche, controversial former AIG CEO, diesRead full story for latest details. [...]

Marriage hurts a hedge fund manager more than divorceRead full story for latest details. [...]

Stocks crushed records in FebruaryStock markets across the world showed investors the money in February. [...]

Friday LinksRead full story for latest details. [...]

Warren Buffett: How good is he?Warren Buffett is an investing legend. We all know that. [...]

Proposal to ban assault rifle bullet upsets gun supportersA proposal to ban a bullet that can pierce armor has upset the gun industry and its supporters. [...]

 

CNN Small Business News

#TheDress goes viral: Sales soar 347%Read full story for latest details. [...]

They're getting cash, free products, and YouTube-famousFameBit is helping brands place their products in YouTube videos. [...]

The woman who broke into the BBQ 'boys club'Melissa Cookston is a BBQ Pit Master Champion who runs three restaurants. Here's how she did it [...]

From street child in China to Intel mentorRead full story for latest details. [...]

It's Magic! Send a text, get anything you needRead full story for latest details. [...]

15 startups. One Silicon Valley bed and breakfast.Blackbox, a two-week Palo Alto accelerator, gives foreign entrepreneurs a soft landing to enter the [...]

Immigration reform: Is this the first step?Read full story for latest details. [...]

This razor could diversify Silicon ValleySilicon Valley entrepreneur Tristan Walker is in pursuit of a more colorful tech scene. [...]

How to make money with $1 slicesRead full story for latest details. [...]

Cadbury lovers: Here's how to get your U.S. fixUK-based British Chocolate Club wants to give U.S. chocolate lovers access to British-made faves. [...]

Best cities for black entrepreneursRead full story for latest details. [...]

Bookstore struggling with minimum wage hike gets a lifelineRead full story for latest details. [...]

 

CNN Money News

Identity theft tops list of consumer complaintsThe top 5 consumer complaints have to do with identity theft, debt collectors, imposters, telephone [...]

24 hours with a U.S. diplomatCharlie Slater has spent the last 21 years working in U.S. embassies worldwide. His latest post is V [...]

The secret world of government debt collectionCNNMoney's exclusive investigation looks at the debt collectors hired by government agencies to [...]

10 best companies for internshipsGlassdoor recently published its annual list of the highest-rated companies for interns. [...]

Average tax refund is $3,120 so farRead full story for latest details. [...]

8 tax audit red flagsRead full story for latest details. [...]

The world wastes $400 billion in food every yearOver $400 billion worth of food is wasted by consumers each year, according to a new report by a U.K [...]

Should you tap your Social Security benefits early?Read full story for latest details. [...]

What you need to earn to buy a home in 27 citiesTo afford a home in Pittsburgh, you'll need to earn just under $32,000 a year. But if you want [...]

Supreme Court to hear case about 401(k) feesRead full story for latest details. [...]

Obama pushes protections for retirement accountsThe White House unveiled a proposal Monday that would hold financial advisers handling individual re [...]

The proven way to retire richSmart investors have a few traits in common. Do you have them too? [...]

 

Fortune Magazine

Will Mmmhops be a hit?Hanson is attempting to chart with a new microbrew. [...]

NBA confirms L.A. Clippers sale to ex-Microsoft CEO Steve BallmerDonald Sterling sues the NBA for damages and demands to be reinstated as owner. [...]

FBI and SEC probe into Carl Icahn and golfer Phil MickelsonAuthorities are looking into the potenial insider trading. [...]

Google launches "right to be forgotten" service in EuropeNow European citizens can request to have search results removed. [...]

Zuckerberg's latest donation reawakens concerns over mixed results in NewarkFacebook founder and his wife donate $120 million to Bay Area schools, claim to have learned from pr [...]

Five crazy things Steve Ballmer has doneIn light of Ballmer placing the highest bid on an NBA team in history on Thursday, here are some of [...]

Four ways Apple could have the "best" product pipeline everFrom the obvious upgrades to the bold and daring. [...]

The all-time most popular stories are...Scoops on movers and shakers, from Marissa Mayer to Mark Zuckerberg to Rupert Murdoch, are the most [...]

Web browsers aren't fun anymoreMozilla updates Firefox, but is it enough to bring old users back? [...]

Valeant injects more cash into bid for Botox-maker AllerganRevised offer worth around $53 billion comes days after drugmaker's last bid. [...]

How to get employees to save for retirementAutomatically enrolling workers into a savings plan and reminding them how much they can lose may ju [...]

Pacing nervously with... Jamin Warren, founder and CEO, Kill ScreenHanging backstage with the videogame arts and culture impresario ahead of his annual two5six confere [...]

 

Reuters Business News

SAO PAULO (Reuters) - The leader of a truth commission investigating abuses during Brazil's 196 [...]

NEW YORK (Reuters) - The U.S. stock market has been quiet this week - too quiet. [...]

CHICAGO (Reuters) - Chicago drew closer to a fiscal free fall on Friday with a rating downgrade from [...]

WASHINGTON (Reuters) - The U.S. Navy has awarded a joint venture of Lockheed Martin Corp and Sikorsk [...]

NEW YORK (Reuters) - Raising interest rates too late is safer than acting too early, an influential [...]

NEW YORK (Reuters) - Robert Benmosche, who took the helm of insurer American International Group aft [...]

NEW YORK (Reuters) - The S&P 500 posted its best monthly gain since October 2011 on Friday, but [...]

 

Reuters Economy News

CARACAS (Reuters) - Venezuela confirmed on Tuesday it had entered a recession while inflation remain [...]

WASHINGTON (Reuters) - The Obama administration on Tuesday bowed to months of growing pressure over [...]

NEW YORK (Reuters) - Investors backed away from global equity markets on Tuesday, with light volume [...]

NEW YORK (Reuters) - U.S. stocks fell on Tuesday as investors engaged in profit-taking to pull major [...]

NEW YORK (Reuters) - Crude futures closed up slightly Tuesday, getting some relief from a weak dolla [...]

 

Reuters Business Video

Fourth quarter GDP was revised lower than expected but the Dow and the Nasdaq still managed to post [...]

Gas prices have fallen considerably in the past 12 months but consumers aren't spending that ne [...]

Robert Benmosche, the man responsible for paying back taxpayers for the massive AIG government bailo [...]

 
 

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  • From Homeless to Millionaire – 3 Success Lessons from Chris Gardner by Evan Carmichael

    From Homeless to Millionaire – 3 Success Lessons from Chris Gardner by Evan Carmichael

    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 […]

     
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  • Business Ideas – How to Master the Art of Selling Anything like John Johnson (Ebony)

    Business Ideas – How to Master the Art of Selling Anything like John Johnson (Ebony)

    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 […]

     
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  • Business Ideas – 3 Business Lessons From William Wrigley Jr

    Business Ideas – 3 Business Lessons From William Wrigley Jr

    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.”  

     
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  • Introducing the concept of a Collaborative Will by Tom Deans

    Introducing the concept of a Collaborative Will by Tom Deans

    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 […]

     
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  • World’s Tallest Luxury Housing: Rise of The Super Towers

    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.  

     
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  • Shelly Lazarus – Ogilvy & Mather – A Board’s Role and Philanthropy

    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.  

     
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  • My parents won’t listen to my money advice!

    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.  

     
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  • Jeff Hancock: The future of lying

    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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  • Advisors in Philanthropy’s President’s Letter for February 7, 2012

     
 
 
 

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The #1 Philanthropist Newswire For Leaving A Legacy From The Heart. Check out the latest trends in philanthropy today with over 1,200 Complimentary posts. Learn what some of the greatest philanthropists in history believe about gratitude and giving!

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Lugen Family Office Proudly Supports AIP

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