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.
CNN Financial News
The Ford GT supercar will be the most expensive car in the automaker's history, costing about $ [...]
Justin Brosseau's friends called him an idiot in high school. [...]
Kanye West, the multi-millionaire rap star designer of $350 haute couture shoes, has a lot to say ab [...]
It looks like a Transformer, has 1,500 horsepower and can go from zero to 248 miles per hour in less [...]
Read full story for latest details. [...]
Kavita Krishnaswamy hasn't left her house in six years, but that hasn't stopped her from w [...]
Google is previewing a vastly improved contacts feature that will eventually become part of Gmail. [...]
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CNN Small Business News
Startup HEAL promises a doctor at your doorstep in under 60 minutes, for a flat fee of just $99. [...]
Some Americans are ditching their boring day jobs to start their own craft breweries. It's not [...]
Self-described 'Last of the Mohicans' is still fixing typewriters after 55 years. [...]
FameBit is helping brands place their products in YouTube videos. [...]
Melissa Cookston is a BBQ Pit Master Champion who runs three restaurants. Here's how she did it [...]
Blackbox, a two-week Palo Alto accelerator, gives foreign entrepreneurs a soft landing to enter the [...]
Silicon Valley entrepreneur Tristan Walker is in pursuit of a more colorful tech scene. [...]
CNN Money News
Find yourself suddenly holding one big lump sum of cash? Here's what you need to know to make s [...]
CNNMoney's exclusive investigation looks at the debt collectors hired by government agencies to [...]
Justin Brosseau started investing when at age 15. Friends laughed. Boy has that changed. [...]
A handful of former students, banded together as the "Corinthian 15," are claiming to be [...]
African-American actor Hill Harper is telling kids if you want to get rich, start saving now and aim [...]
Charlie Slater has spent the last 21 years working in U.S. embassies worldwide. His latest post is V [...]
Donald Sterling sues the NBA for damages and demands to be reinstated as owner. [...]
Authorities are looking into the potenial insider trading. [...]
Now European citizens can request to have search results removed. [...]
Facebook founder and his wife donate $120 million to Bay Area schools, claim to have learned from pr [...]
In light of Ballmer placing the highest bid on an NBA team in history on Thursday, here are some of [...]
From the obvious upgrades to the bold and daring. [...]
Scoops on movers and shakers, from Marissa Mayer to Mark Zuckerberg to Rupert Murdoch, are the most [...]
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Revised offer worth around $53 billion comes days after drugmaker's last bid. [...]
Automatically enrolling workers into a savings plan and reminding them how much they can lose may ju [...]
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Reuters Business News
WASHINGTON/NEW YORK (Reuters) - The Federal Reserve struggled with the message being sent by its inv [...]
LAKE FOREST, Ill. (Reuters) - The Federal Reserve should wait until next year before raising interes [...]
BRUSSELS (Reuters) - It is too early to discuss a third bailout package for Greece, European Commiss [...]
NEW YORK (Reuters) - U.S. stocks were lower on Wednesday, with indexes on track for a second straigh [...]
LONDON (Reuters) - Brent crude oil extended losses to fall below $60 a barrel on Wednesday after a m [...]
(Reuters) - Activist investor Starboard Value LP asked office supplies retailer Staples Inc to [...]
NEW YORK (Reuters) - Growth in the U.S. services sector accelerated modestly in February, lifted by [...]
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
Private payroll numbers from ADP came in below the 220,000 forecast. Report's economist says pa [...]
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Post Tagged with: "Finance"
Succession Planning for a Family Business
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 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’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 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 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! 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 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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Learn from Billionaires How To Handle Your Family Wealth.
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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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