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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.

To learn more, click here

 

CNN Financial News

China's stock market continues to free fallChina stocks continued their free fall on Tuesday, as investors ignored efforts by regulators to cal [...]

Donald Trump sells Manhattan penthouse for $21 millionRead full story for latest details. [...]

Departing Gawker editor calls it a 'miserable place'At least three editorial staffers at Gawker Media are leaving as the company appears to be undergoin [...]

Trump tells Steve Rattner: 'You should have gone to prison'Read full story for latest details. [...]

Drive a Chrysler, Dodge or Jeep? Here's what to do nowRead full story for latest details. [...]

When will Twitter name a new CEO?Twitter will report its latest results on Tuesday. Here's a one-line preview in 140 characters. [...]

Mining stocks are getting killed as gold, metals plungeMining stocks are in a hole right now. [...]

 

CNN Small Business News

NASA's robot R2 needs your helpNASA has teamed up with Freelancer.com to crowdsource tools for Robonaut 2, its first humanoid robot [...]

Iconic bar Hogs & Heifers closing its doorsNew York bar is the latest victim to city's skyrocketing rent. [...]

7 hot businesses to start nowSearching for a startup idea? Here are businesses in high demand by customers on Thumbtack.com. [...]

She charges hundreds for fur made of road-killPamela Paquin uses dead animals found on the side of the road to make expensive fashion fur pieces. [...]

Elvis got this startup into Wal-MartRead full story for latest details. [...]

Sam Zell makes $60M bet on entrepreneursRead full story for latest details. [...]

The man who wants to save the beesRead full story for latest details. [...]

 

CNN Money News

The median home price is $236,000. Here's what that buys youThe median home price climbed to $236,400 in June, according to the National Association of Realtors [...]

Airbnb picks up the tab for travelers to CubaTravelers headed to Cuba this week and staying at an Airbnb property are in for an added treat: free [...]

Affordable homes with water viewsLiving by the water doesn't always have to set you back seven figures. [...]

How companies are changing old ways to attract young workersMuch of what Millennials say they want at work appeals to workers of all ages. And employers are lis [...]

How much retirement income will $1 million generate?Read full story for latest details. [...]

How do you retire on $25,600 a year? Move to PanamaRead full story for latest details. [...]

 

Fortune Magazine

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Reuters Business News

HONG KONG (Reuters) - Asian stocks fell to three-week lows on Tuesday as a deepening rout in Chinese [...]

(Reuters) - Procter & Gamble Co will replace Chief Executive A.G. Lafley with company veteran Da [...]

TEL AVIV (Reuters) - Israel’s Teva Pharmaceutical Industries will pay $40.5 billion in cash and stoc [...]

DETROIT (Reuters) - Fiat Chrysler Automobiles could pay billions of dollars to buy back defective tr [...]

(Reuters) - Wall Street sank on Monday, with the Nasdaq losing almost 1 percent after the steepest d [...]

(Reuters) - Baidu Inc's quarterly profit missed analysts' estimates as China's bigges [...]

(Reuters) - McGraw Hill Financial Inc , parent of Standard & Poor's ratings agency, said it [...]

 

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 [...]

NEW YORK (Reuters) - The U.S. dollar hit a 1-1/2-week low against the safe-haven yen on Tuesday afte [...]

BUENOS AIRES (Reuters) - Crunch time for Argentina fixing its debt default will almost certainly not [...]

 
 

Post Tagged with: "Finance"

 
  • Succession Planning for a Family Business

    Succession Planning for a Family Business

    Succession Planning for a Family Business      

     
  •  
  • Financing your Family Business without Going Broke

    Financing your Family Business without Going Broke

    Financing your Family Business without Going Broke Financing is indispensable for the success and growth of your family business. But after you’ve already tapped out your personal funds, and perhaps those of friends or other family members to get your business up and going, you’re going to have to find a way to keep the lights on without going broke. That means you’re going to have to borrow money or obtain credit from a variety of institutional lenders. Business loans and lines of credit will allow you to cover expenses, buy new equipment, manage cash flow, purchase inventory, create new products or services, or expand your business when the circumstances are right. If your business is new and doesn’t have an established credit history, you may need to provide collateral to secure a loan or credit line. This could be any personal assets that you cannot otherwise monetize or afford to spend on the business, but can be utilized as security. Your best bet would be to approach a local bank or credit union where you have a personal relationship and a history of sound money management. If your business does have a positive credit history for at least a year or two, the commercial bank that issued your business credit card is a good place to go to apply for a line of credit. Make sure that you’ve paid the balance on that card promptly each month, and if necessary, let the bank know that you’ve been shopping around and intend to move any accounts to the lender that can provide credit with the best terms. Most banks will want to keep you as a customer. Regardless of the age or reputation of your family business, or where you go for financing, you’re going to have to prove to every lender that it is a financially solid concern, with the capability of long-term survival. So make sure you have all your paperwork in order, including all financial and tax statements, all profit and loss history, as well as a list of contacts for credit references. You’ll also need to provide a pro forma to each potential lender. This will be a description of how you intend to utilize your loan or line of credit, how it will affect your cash flow, and how you anticipate paying back the money you’re going to borrow. Once you’ve secured funding, make sure you stick religiously to a repayment schedule. As you continue to display credit worthiness, you will be able to increase your credit limit, borrow at more favorable rates, and most important, keep the business going without going broke. Al Krulick is an award-winning journalist with dozens of years of writing experience. He writes and blogs for Debt.org.

     
  •  
  • Building a Dream Team, Part 1

    Building a Dream Team, Part 1 This episode of Finance Talk explores how advisors can align with third-party professionals in order to provide more comprehensive services.

     
  •  
  • Terry Savage: How Much Money Do You Need to Retire?

    Terry Savage: How Much Money Do You Need to Retire? Terry’s financial expertise comes from experience. she started her career as a stockbroker, and became a founding member – and the first woman trader – on the chicago board options exchange. Terry offers advice ranging from investments to withdrawal calculations to long-term care insurance — to make sure your money lasts as long as you do! Columnist and commentator Terry Savage delivers straight talk on: Putting time to work in building a nest egg How credit card debt can work against you The best place to grow your money Where to find free personalized advice Terry Savage is a nationally known expert on personal finance and a regular television commentator on CNN, CNBC, PBS, and NBC on issues related to investing and financial markets. She is the nationally syndicated Chicago Sun-Times personal finance columnist.  

     
  •  
  • Didier Sornette: How we can predict the next financial crisis

    Didier Sornette: How we can predict the next financial crisis The 2007-2008 financial crisis, you might think, was an unpredictable one-time crash. But Didier Sornette and his Financial Crisis Observatory have plotted a set of early warning signs for unstable, growing systems, tracking the moment when any bubble is about to pop. (And he’s seeing it happen again, right now.) Didier Sornette studies whether it is possible to anticipate big changes or predict crises in complex systems. WHY YOU SHOULD LISTEN TO HIM? While financial crashes, recessions, earthquakes and other extreme events appear chaotic, Didier Sornette’s research is focused on finding out whether they are, in fact, predictable. They may happen often as a surprise, he suggests, but they don’t come out of the blue: the most extreme risks (and gains) are what he calls “dragon kings” that almost always result from a visible drift toward a critical instability. In his hypothesis, this instability has measurable technical and/or socio-economical precursors. As he says: “Crises are not external shocks.” An expert on complex systems, Sornette is the chair of entrepreneurial risk at the Swiss Federal Institute of Technology, and director of the Financial Crisis Observatory, a project to test the hypothesis that markets can be predictable, especially during bubbles. He’s the author of Why Stock Markets Crash: Critical Events in Complex Financial Systems. “Didier Sornette has immersed his life in risk.”  Wall Street Journal  

     
  •  
  • The American Family Financial Crisis

    The American Family Financial Crisis Some pretty alarming statistics of the American family’s financial reality. Let’s all change this with one step at a time and make sure that you have a process for making smart financial decisions in your life. It’s time to take charge of our finances and reverse this trend.  

     
  •  
  • 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.  

     
  •  
  • Mike Koenigs Interviews John Assaraf About Brain Performance and Shattering Your Financial Goals

    Mike Koenigs Interviews John Assaraf About Brain Performance and Shattering Your Financial Goals Do you ever feel like there’s an invisible barrier preventing you from reaching your financial goals … … no matter how hard you work, how diligent you are in managing your money, and how much you learn? Well, the world’s top neuroscientists and brain experts say … you’re right! Science has proven that every human being is conditioned to earn only a certain amount of income. Some people are conditioned to earn $30,000 or $50,000. Others are conditioned to earn $250,000 or even $500,000… But the bottom line is … you have a financial “glass ceiling“! Scientists now know that you will NEVER outperform your own internal hidden financial self-image. Your current financial results are nothing more than old neural patterns, beliefs, perceptions and habits that you’ve accumulated over your life. But brainscan studies have PROVEN something really exciting… You can re-wire and strengthen the key areas in your brain that control your conscious thoughts AND subconscious feelings and emotions that influence every financial and business decision you make. This requires applying the right brain-training methodologies and technologies in the right way … so you can to replace limiting beliefs, behaviors, and habits that are currently keeping you stuck.  

     
  •  
  • Cindy David – What Every Canadian Must Know About Life Insurance

     
 
 
 

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Lugen Family Office Proudly Supports AIP

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The International Association of Advisors in Philanthropy is the leading charitable giving organization in the world for inspiring collaboration among professionals.

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Celebrity Net Worth

Ant-Man held on to the #1 spot, but how did other movies stack up?Read more: Weekend Box Office Revi [...]

Christian Dior net worth: Christian Dior was a French fashion designer who had a net worth of $10 mi [...]

Donald Trump's arguing with reporters over his net worth is not a new phenomenon. Wait til you [...]

The annual list of the world's highest paid authors is fresh off the press. These 15 writers ha [...]

Jay Z has invested in so many successful business ventures in the past, but this one may revolutioni [...]

Against all odds, Under Armour has somehow become one of the most dominant sportswear companies on t [...]

I realize this is an uncomfortable/icky question, but what happens to Whitney Houston's money a [...]

Charlotte Letitia Crosby net worth: Charlotte Letitia Crosby is an English reality television person [...]

The creator of Amazon.com, Jeff Bezos, just had a very very very good week....Read more: Amazon Foun [...]

At just 27, Jon Carder sold his company for $10 million and retired. Three weeks later, he went back [...]

 

Reuters Wealth News

WASHINGTON (Reuters) - Some of the biggest U.S. corporate names on Monday offered their support - an [...]

(Reuters) - BlackRock Inc is on the prowl for energy and infrastructure projects in the United State [...]

BOSTON (Reuters) - Money managers, who have been cooling on gold for some time, last week held more [...]

ZURICH (Reuters) - Swiss bank UBS failed to impress investors with a jump in second-quarter profit a [...]

NEW YORK (Reuters) - When Stan Calow was growing up, frugality was a way of life: "You spend as [...]

LOS ANGELES (Reuters) - If you want your college student to learn money management skills, get him o [...]

(Reuters) - Amazon.com Inc's shares surged more than 20 percent in early trading on Friday, add [...]

NEW YORK (Reuters) - Charles Schwab Corp will more than double its salesforce, add branches and may [...]

NEW YORK (Reuters) - Charles Schwab Corp plans to build its retail branch network so it can sell fin [...]

BOSTON (Reuters) - Wells Fargo will provide retail investors a chance to access a natural resources [...]

 

MarketWatch Personal Finance

He doesn’t diversify, as most of his mutual fund holdings are from one company, writes Chuck Jaffe. [...]

How to turn your home into a cash machine using Airbnb while Pope Francis visits the U.S. [...]

The same forces that unleashed Chinese investors’ animal spirits have brought the bull to its knees, [...]

Ignore the noise and keep a close eye on both health care and biotech this week. [...]

In America’s most miserable cities, residents were less likely to be in good physical health and far [...]

When it comes to car insurance, Americans often can’t be bothered to shop around. [...]

You may want to rethink what you buy at these discount superstores. [...]

 
 
 
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