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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

Why failure is so important to career successFailure is not a dirty word. Yet for too many professionals, it's seen as something that should [...]

Sabado Gigante, iconic Univision program is endingRead full story for latest details. [...]

First White House Tech Meetup: You are creating opportunityRead full story for latest details. [...]

No more credit checks for NYC job seekersRead full story for latest details. [...]

Hey millennials: Coachella is getting seriously expensiveMillennials are flocking to the world-famous music festival in the desert. But the hottest ticket in [...]

George Lucas wants to build affordable housing in wealthy suburbRead full story for latest details. [...]

Comcast and Time Warner Cable merger in doubt, report claimsA Bloomberg report on Friday cast new doubts on Comcast's long-gestating bid to buy Time Warner [...]

MasterCard officially enters the order-ahead app gameSeamless, Yelp and OpenTable: Welcome MasterCard to your party. [...]

America's highest paid CEO earns $285 millionApparently GoPro's "extreme" culture even applies to how much money it pays its found [...]

S'Mores Frappuccino coming to StarbucksRead full story for latest details. [...]

Mattel wants your toy ideas!Got a great toy idea? Mattel wants to hear from you. [...]

PepsiCo's 'Pure Leaf' brews growth for its tea businessRead full story for latest details. [...]

 

CNN Small Business News

Mattel wants your toy ideas!The home of some of the most iconic toys has teamed up with a crowdsourcing platform for inventors t [...]

McDonald's franchise owners are not loving itA survey of McDonald's franchise owners shows they are not happy with the company's turnar [...]

I told a dude how much I made. It changed my lifeRead full story for latest details. [...]

Hey, stoners! Boost your high with ... falafel?Read full story for latest details. [...]

Beer that's been to space and backNinkasi Brewing Company sent six vials of yeast into space. The result? Ground Control, an imperial [...]

This beehive raised $5.6 million -- and that might not be a good thingFlow Hive, a new contraption that makes it easier to keep bees, is wildly popular -- but that access [...]

Drop entrepreneurs, not bombsJason Saltzman went to Kuwait as part of the State Department's effort to evangelize the power [...]

Radiator 'cozies' cut energy use by 40%Startups are some of the few organizations capable of very rapid, efficient growth and have the pote [...]

How this investor is bridging the 'bravado gap'Prominent angel investor Joanne Wilson, known as Gotham Gal, is teaming up with DreamIt Venture [...]

This refrigerator runs on water and sunlightTo help combat food spoilage in rural communities, the team behind Evaptainers developed a portable [...]

These startups thrive on being 'unreasonable'The Unreasonable Institute wants one thing: Entrepreneurs unafraid to think outside the box to tackl [...]

Energy drink scores $100K from AOL co-founderHealth drink Mati Energy beats out all tech rivals at Google Demo Day, scoring $100K investment from [...]

 

CNN Money News

No more credit checks for NYC job seekersEmployers in New York City can no longer use credit checks to screen potential hires. [...]

Hey millennials: Coachella is getting seriously expensiveMillennials are flocking to the world-famous music festival in the desert. But the hottest ticket in [...]

Her mission: To wipe out student debt for fallen soldiers' kidsAshlynne Haycock, an orphan of military parents, has helped more than 600 families pay for college a [...]

Earning $75,000, but living paycheck to paycheckA survey found that households are spending too much on dining out and entertainment, which is keepi [...]

College enrollment rate surges for black high school gradsRead full story for latest details. [...]

Dirty tax secrets: The little lies we tell on our taxesBoosting a number here, reducing a number there. Whether inadvertently or intentionally, a lot of us [...]

40 years of the American homeHow the typical home has evolved - price, size, interiors. [...]

Behind on retirement savings? Here are 3 ways to catch upRead full story for latest details. [...]

Where the gender pay gap is the widestNationwide, women make 78 cents to ever dollar a man earns. Here's a breakdown of the gender pa [...]

Put your tax refund to work: How to invest $1,000The typical U.S. tax refund is $2,800. Image what could happen if you invested just a portion of tha [...]

Women nearly twice as likely to retire in povertyRead full story for latest details. [...]

 

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

WASHINGTON (Reuters) - The International Monetary Fund's member nations on Saturday warned of r [...]

BERLIN (Reuters) - Thousands of people marched in Berlin, Munich and other German cities on Saturday [...]

MOSCOW/BERLIN (Reuters) - Russia denied on Saturday a German media report suggesting that it could s [...]

WASHINGTON (Reuters) - Ukrainian authorities met with investors in Washington on Friday as part of a [...]

SHANGHAI/DETROIT (Reuters) - Ford Motor Co's global premiere of its redesigned Taurus sedan in [...]

FRANKFURT (Reuters) - Deutsche Bank will sell Postbank but keep a pared back own-brand retail busine [...]

BEIJING (Reuters) - Big may be beautiful, but Toyota Motor Corp's global design chief is bettin [...]

 

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 [...]

 
 

Post Tagged with: "Finance"

 
  • Succession Planning for a Family Business

    Succession Planning for a Family Business

    Succession Planning for a Family Business      

     
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  • 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.  

     
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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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  • 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.  

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

     
 
 
 

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Lugen Family Office is the Most Trusted Online Curator on Wealth Management, Financial Literacy, Family Business, Philanthropy, and the UHNW.

Check out over 22,000 Complimentary Posts from Enzo Calamo

 

Family Office Newswire

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The #1 Family Office Newswire That Empowers Family Dynasties. Over 8,500 Complimentary Posts and growing rapidly with relevant topics!

Learn from Billionaires How To Handle Your Family Wealth.

ENZO CALAMO IS A GOLD AWARD CURATOR ON BUSINESS FOR SCOOP.IT!

"You're a giant among curators and your work is world-class awesome. Thanks for being an incredible role model to the curator community!" Scoop.it

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UHNW Wealth Newswire

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The #1 UHNW Wealth Newswire For Living Your Dreams. Over 5,400 Complimentary Posts on important topics that show you the Secrets of Accumulating and Preserving Wealth!

ENZO CALAMO IS A SILVER AWARD CURATOR ON FINANCE FOR SCOOP.IT!

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The #1 Family Business Newswire That Helps You Move From Success to Significance. Over 3,900 Complimentary Posts On Key Factors To Build A Profitable and Sustainable Business!

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Philanthropy Newswire

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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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UHNW Real Estate Newswire

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The #1 UHNW Real Estate Newswire for Luxury Homes and Commercial Real Estate. Check out the latest trends in real estate today with over 3,100 Complimentary posts.

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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.

Enzo Calamo,
AIP Ambassador, Past President

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Reuters Wealth News

(Reuters) - Carlyle Group LP has decided to liquidate the two mutual funds it launched last year, re [...]

SAO PAULO (Reuters) - Grupo BTG Pactual SA's push to grow outside Brazil is an attempt to seize [...]

(Reuters) - TPG Capital LP has named Todd Sisitsky its new North American private equity head, peopl [...]

NEW YORK (Reuters) - U.S. banks are reporting that companies are tapping more of their credit lines [...]

(Reuters) - The U.S. Federal Reserve may allow big banks to use some municipal bonds to meet new liq [...]

CHICAGO Reuters) - Some U.S. workers who have paid into the Social Security system are in for a rude [...]

NEW YORK (Reuters) - Investors poured $6 billion into U.S.-based non-domestic stock funds in the wee [...]

NEW YORK (Reuters) - Stan Gregor, a private banker hired almost two years ago to create a wealth man [...]

(Reuters) - A Boston investment management firm must pay $48.5 million in damages to a couple who we [...]

NEW YORK (Reuters) - Wells Fargo Bank breached a nationwide 2010 legal settlement involving adjustab [...]

 

MarketWatch Personal Finance

Cardholders will now be able to suspend their accounts, temporarily, and on demand. [...]

Why some families are spending money to save money on college. [...]

Financial aid consultants offer some tricks for navigating the system and point out the biggest sour [...]

Financial advisers looking to get their hands on young people’s money should ditch their desks for m [...]

Adjuncts struggle to make ends meet, even as students spend more on school. [...]

Does more money lead to better employee performance? [...]

My wife and I lent friends $15,000 about 10 years ago, but they’ve only paid back $3,500 of it. [...]

If you’re a woman in Silicon Valley, there is no code to break the glass ceiling. [...]

 

Reuters Business Video

Investors shunned risk amid new trading regulations in China, renewed worries about Greece running o [...]

New data shows prices at the consumer level are going up, including gas prices. The gain of 3.9 perc [...]

News that consumer prices moved higher for the second month in a row, in part because of higher gas [...]

 
 
 
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