Join our Email List!
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
Read full story for latest details. [...]
For the third time in a month, Dish Network customers are missing out on popular programming due to [...]
The Republican National Committee has a message for theater owners: Put "The Interview" ba [...]
Read full story for latest details. [...]
Still haven't ordered those stocking stuffers? You've got to hurry, or your gift won' [...]
CNN Small Business News
Unilever sued Hampton Creek over its egg-free mayonnaise spread Just Mayo. But the company behind Be [...]
Read full story for latest details. [...]
Read full story for latest details. [...]
ICANN, the all-powerful but little-known organization that administers global website domain names, [...]
News startup The Skimm announced a new round of funding, 1 million active readers, and plans to expa [...]
Brazilian startup BovControl is turning cows into data with a mobile app. [...]
CNN Money News
Are you living your dream retirement? If so, we want to hear how you were able to get there -- wheth [...]
Still haven't ordered those stocking stuffers? You still have time, but not much. Here's t [...]
Payday lenders are spending millions of dollars in Washington in an attempt to get powerful politici [...]
Amid falling gas prices and investor nervousness, the average rate for a 30-year fixed-rate loan fel [...]
Read full story for latest details. [...]
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. [...]
Reuters Business News
WASHINGTON (Reuters) - U.S. President Barack Obama moved to prevent U.S. anger at North Korea from s [...]
VIENNA (Reuters) - Italian lender Monte dei Paschi di Siena expects to complete its planned capital [...]
WASHINGTON (Reuters) - Satellite TV provider DISH Network Corp and Comcast Corp's SportsNet hav [...]
SEOUL/WASHINGTON (Reuters) - North Korea said on Saturday U.S. accusations that it was involved in a [...]
CHICAGO/NEW YORK (Reuters) - Shoppers filled up malls and department stores on the last weekend befo [...]
BRUSSELS (Reuters) - The European Central Bank should start buying government bonds to tackle poor i [...]
SEATTLE (Reuters) - Workers at planemaker Boeing's Everett plant near Seattle are following ext [...]
Reuters Economy News
ABU DHABI (Reuters) - Saudi Arabia said on Sunday it would not cut output to prop up oil markets eve [...]
GENK, Belgium (Reuters) - In the heart of western Europe, the Belgian-Dutch-German rust belt has bee [...]
LONDON (Reuters) - When Metro Bank prepared to launch in 2010 as the first new bank to appear on Bri [...]
DUBAI (Reuters) - Iraq's oil minister said on Sunday he saw no need for an emergency meeting of [...]
BEIJING (Reuters) - China's trade minister proposed more use of China's currency in settli [...]
Reuters Business Video
President Barack Obama, in a CNN interview, says he does not consider the cyber attack on Sony which [...]
Stocks modestly extend gains post a massive two-day rally. Leah Duncan reports. [...]
Comments from Federal Reserve chair Janet Yellen spurred a Santa Claus rally this week, analysts see [...]
John Manley, chief equity strategist at Wells Fargo Advantage Funds sees the Dow hitting the 18,000 [...]
U.S. President Barack Obama says it was a “mistake” for Sony Pictures to cancel the release of its m [...]
President Obama says Americans can enter the new year with 'renewed confidence' in a stron [...]
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.
Family Office Newswire
The #1 Family Office Newswire That Empowers Family Dynasties. Over 6,500 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
UHNW Wealth Newswire
The #1 UHNW Wealth Newswire For Living Your Dreams. Over 3,500 Posts on important topics that show you the Secrets of Accumulating and Preserving Wealth!
Family Business Newswire
The #1 Family Business Newswire That Helps You Move From Success to Significance. Over 3,300 Posts On Key Factors To Build A Profitable and Sustainable Business!
The #1 Philanthropist Newswire For Leaving A Legacy From The Heart. Check out the latest trends in philanthropy today with over 1,100 posts. Also. learn why some of the greatest philanthropists in history believe in gratitude and giving!
Lugen Family Office Proudly Supports AIP
The International Association of Advisors in Philanthropy is the leading charitable giving organization in the world for inspiring collaboration among professionals.
AIP Ambassador, Past President
Recent Blog Posts
- CEO Carlos Ghosn of Renault-Nissan Alliance on Innovation December 21, 2014
- Ron Johnson: Trust in Your Imagination and Instinct December 21, 2014
- Make Body Language Your Superpower December 21, 2014
- Greg McKeown: Essentialism – The Disciplined Pursuit of Less December 21, 2014
- Oprah Winfrey on Career, Life and Leadership December 21, 2014
Celebrity Net Worth
Consequence net worth: Consequence is an American hip hop recording artist who has a net worth of $2 [...]
Torrey DeVitto net worth: Torrey DeVitto is an American actress, model, and musician who has a net w [...]
Vail Bloom net worth: Vail Bloom is an American actress who has a net worth of XYZ. Vail Bloom was b [...]
Robin Vernon net worth: Robin Vernon is an American actress, reality television personality, and car [...]
Jhonni Blaze net worth: Jhonni Blaze is an American model, stripper, and reality television personal [...]
Laverne Cox net worth: Laverne Cox is an American actress, reality television personality, and telev [...]
Reuters Wealth News
FRANKFURT (Reuters) - The world's biggest bond investor Pacific Investment Management Co (Pimco [...]
(Reuters) - A former securities arbitration official's wrongful termination suit against the Fi [...]
(Reuters) - The biggest investor in Meredith Whitney's hedge fund has demanded his money back a [...]
BOSTON (Reuters) - Baltimore asset manager Legg Mason Inc's board has approved additional futur [...]
NEW YORK (Reuters) - There are plenty of delicate subjects during the holiday season, but one of the [...]
NEW YORK (Reuters) - AdvisorHUB, a year-old gossip and news website for the brokerage industry, has [...]
MarketWatch Personal Finance
When is price-checking often a waste of time, and when will it yield you real savings? [...]
Businesses that are growing thanks to Weed Inc. [...]
The Holy Grail may finally be in sight for America’s cigar smokers. [...]
Gift-worthy bottles of liquor and wine deserving of a spot under your Christmas tree. [...]
Could a Cuban beach vacation be the next big thing for American travelers? [...]
Connoisseurs of brown spirits are paying heed to Japan. [...]
Heating oil is losing market share to natural gas, electricity and other sources. [...]
MarketWatch Top Stories
Stocks will likely climb higher in the traditionally low-volume, Christmas-foreshortened trading wee [...]
A police officer was shot and killed in Tarpon Springs, a city near Tampa, Fla., early Sunday. The s [...]
Gulf oil officials defend OPEC’s decision last month to keep its production ceiling intact, blaming [...]
Would you pay $676 for your family to see the Knicks? We didn’t think so, writes Jason Notte. [...]
Dish Network has dropped Fox News Channel and Fox Business Network after failing to agree on the ter [...]
Does your vision of retirement involve sunset walks on a long stretch of deserted beach or exploring [...]
WASHINGTON (MarketWatch) - No National Football League team will relocate to Los Angeles in 2015, ac [...]
WASHINGTON (MarketWatch) - The Environmental Protection Agency on Friday issued new federal rules fo [...]
NEW YORK (MarketWatch) -- The number of investors betting that the U.S. dollar will strengthen again [...]
SAN FRANCISCO (MarketWatch) -- News Corp said Friday it had acquired BigDecisions.com in India for u [...]
NEW YORK (MarketWatch) -- Walgreen Co. said on Friday that it plans to withdraw its stock from listi [...]
WASHINGTON (MarketWatch) -- A Russian investment fund called the Marshall Capital Fund was among a g [...]
NEW YORK (MarketWatch) -- Staples Inc. provided on Friday an update to the findings of its investiga [...]