carnevalemanfredonia.it
» » Kids, Wealth, and Consequences: Ensuring a Responsible Financial Future for the Next Generation

eBook Kids, Wealth, and Consequences: Ensuring a Responsible Financial Future for the Next Generation download

by James E. Hughes Jr.,Richard A. Morris

eBook Kids, Wealth, and Consequences: Ensuring a Responsible Financial Future for the Next Generation download ISBN: 1576603482
Author: James E. Hughes Jr.,Richard A. Morris
Publisher: Bloomberg Press; 1 edition (February 3, 2010)
Language: English
Pages: 288
ePub: 1164 kb
Fb2: 1172 kb
Rating: 4.1
Other formats: azw lit docx rtf
Category: Work and Money
Subcategory: Economics

Kids, Wealth, and Consequences shows high-net-worth parents how to provide their children with the . Kids Wealth and Consequences" is a book about investing and preparing your kids to handle money in the future.

Kids, Wealth, and Consequences shows high-net-worth parents how to provide their children with the monetary and psychological skills needed in today's complex world and to instill a strong work and philanthropic ethic. At the same time, parents will discover how their own choices and attitudes about money affect their children's ambition, motivation, and values. It is a book that focuses more on parents who have money already and how they are going to handle their kids financial future.

Kids, Wealth, and Consequences enlightens high-net-worth parents about the unique issues they need to explore. The book addresses the hard financial issues, such as investing and estate planning, as well as the soft emotional issues relating to values, family, and communication. Leaving children with a substantial amount of money can be a boon or a burden. High-net-worth parents need to give their children an education to navigate today’s complex world. The question becomes how to raise children with a sense of reality and balance, imparting a strong work ethic, and making them good stewards of their wealth.

Kids, Wealth, and Consequences: Ensuring a Responsible Financial Future .

Kids, Wealth, and Consequences: Ensuring a Responsible Financial Future for the Next Generation. Morris and Pearl detail strategies and techniques to help parents raise children who appreciate and know how to manage the wealth they inherit. Richard Morris spent many years working for his family's multimillion dollar business, and learned firsthand the challenges of business ownership and family wealth.

Kids, Wealth, and Consequences enlightens high-net-worth parents about . Foreword by James E. Hughes Jr. viii. Acknowledgments xi. Introduction 1. SECTION I: Financial Choices. 1 Calculating Your Family’s Future 16. 2 To Trust and How to Trust 38. 3 Portfolio Management 59. SECTION II: Intellectual Choices.

Kids, Wealth, and Consequences book. Kids, Wealth, and Consequences enlight Leaving children with a substantial amount of money can be a boon or a burden

Kids, Wealth, and Consequences book. Kids, Wealth, and Consequences enlight Leaving children with a substantial amount of money can be a boon or a burden. High-net-worth parents need to give their children an education to navigate today's complex world. Kids, Wealth, and Consequences enlightens high-net-worth parents about the unique issues they need to explore.

Книга Kids, Wealth, and Consequences Ensuring a Responsible Financial Future for the Next Generation James E Hughes, Jr. Leaving children with a substantial amount of money can be a boon or a burden High net worth parents need to give their children. Leaving children with a substantial amount of money can be a boon or a burden High net worth parents need to give their children an education to navigate today’s complex world The question becomes ho. .

Kids, Wealth, and Consequences : Ensuring a Responsible Financial Future for the Next Generation. by Richard A. Morris, James E. Hughes J. Jayne A. Pearl. Kids, Wealth, and Consequences enlightens high-net-worth parents about the unique issues they need to explore

Электронная книга "Kids, Wealth, and Consequences: Ensuring a Responsible Financial Future for the Next Generation", Richard A. Morris, Jayne A. Pearl

Электронная книга "Kids, Wealth, and Consequences: Ensuring a Responsible Financial Future for the Next Generation", Richard A. Эту книгу можно прочитать в Google Play Книгах на компьютере, а также на устройствах Android и iOS. Выделяйте текст, добавляйте закладки и делайте заметки, скачав книгу "Kids, Wealth, and Consequences: Ensuring a Responsible Financial Future for the Next Generation" для чтения в офлайн-режиме.

Kids, wealth, and consequences : ensuring a responsible nancial future for . Exhibit . Kids, Wealth, and Consequences Model.

Kids, wealth, and consequences : ensuring a responsible nancial future for the next generation /. Richard A. Morris and Jayne A. Pearl ; foreword by James E. 1st ed. p. cm. Includes bibliographical references and index. She wrote a highly acclaimed book, Kids and Money: Giving Them the Savvy to Succeed Financially (also published by Bloomberg Press), in 1999, and has been writing and speaking about financial parenting ever since.

Leaving children with a substantial amount of money can be a boonor a burden. High-net-worth parents need to give their children aneducation to navigate today’s complex world. The questionbecomes how to raise children with a sense of reality and balance,imparting a strong work ethic, and making them good stewards oftheir wealth. Kids, Wealth, and Consequences enlightens high-net-worthparents about the unique issues they need to explore. The bookaddresses the ”hard” financial issues, such asinvesting and estate planning, as well as the “soft”emotional issues relating to values, family, and communication.Morris and Pearl detail strategies and techniques to help parentsraise children who appreciate and know how to manage the wealththey inherit.Richard Morris spent many years working for his family'smultimillion dollar business, and learned firsthand the challengesof business ownership and family wealth.Jayne Pearl is an experienced journalist who writes about families,family businesses, and money.
Comments: (7)
Stan
I feel this book should be an essential part of anyone's family wealth library. It gives so many well thought out suggestions such as the importance of focusing on your yearly spend rate when considering your ability to successfully pass to your heirs intergenerational wealth. Another important concept was to encourage every succeeding generation to act as if they were a first generation individual not only successfully being a steward of their inherited wealth but also by becoming a successful person themselves and creating there own individual legacy. This was for me a first rate, extremely educational read.
Arihelm
Where was this book when I was doing my trust to begin with? Wish I had known about it. So much in here to consider and is very well written, easy to understand, excellent explanations. I read almost anything financial I can get my hands on and there is a lot of new to me info in here. No one in my life could have told me many of the things I needed answers to with regard to when I talk to my children about what, how to be able to tell if I will have enough to pass on to them. For all of the in depth financial planning with experts, evaluation and reading I've done since receiving my own inheritance, not one person has hammered out exactly the % of interest I would need to gain to cover taxes, inflation, and planners fees while being able to live off of the interest. I was a 1.5% off. A small fluctuation in % makes a huge difference. Thank you to the authors for giving me information I couldn't find elsewhere. Love the online calculator too.
Celak
This is a must read for parents who want to get it right when it comes to helping our children make wise choices about all aspects of spending, investing and managing money responsibly.

It's a solid, quick read, but if you're pressed for time, check out the 7 appendices (the last 27 pages of the book). They offer a great summary and tools that illustrate the most important principles of the book, and they provide a roadmap that families can follow to avoid the pitfalls and properly apply the power of wealth.

John Popoli
President & CEO
Lake Forest Graduate School of Management
Kalv
Required reading for any family
Uscavel
"Kids Wealth and Consequences" is a book about investing and preparing your kids to handle money in the future. It is a book that focuses more on parents who have money already and how they are going to handle their kids financial future. Now even though I am middle-class and my husband, with no huge nestegg to leave our kids, I still was able to benefit from this book. If you are planning on leaving your kids money, are considered wealthy, or you came from money, then this book will probably really benefit you.

The book covers how to talk to your kids about money you have and how to involve them so they become financially-responsible adults. Even if you don't have a lot of money, it is still important to involve your kids in how to spend wisely, be charitable, and prepare for the unexpected. The book has tons of great charts and a checklist to think about at each chapter beginning. The end of each chapter asks the reader to think about the questions in the checklist again to make sure you got everything from the chapter. I really liked all the real stories from investment planners and other experts. The book in general just puts things into perspective and gives great conversation topics and strategies to think about.
Yozshugore
By combining general principles, real-life anecdotes, specific examples, checklists, self-surveys, and bullet point summaries, the authors created a very useful new edition to the expanding number of books and articles on issues facing the very wealthy and their children. The easy-to-read book combines insights from many experts, practitioners, and the wealthy themselves, captured in an orderly framework. Even with its seeming simplicity many of the ideas, concepts, and suggestions, will be revelatory for many dealing with inter-generational issues of wealth creation, preservation, and transfer. It combines solid investment advice with useful and practical ways to help children of economic privilege find ways to engage with their wealth productively and to lead fulfilling lives that are not all about the money. Early on is the sobering calculus of how difficult it is to pass purchasing power on through the generations, while later chapters provide guidance to avoid the psychological pitfalls of too much wealth too soon. For those not among the super-affluent the book will still be of interest for its sage investment advice and the reminder that money doesn't buy happiness.
Mot
I am an investment advisor and wealth manager and found this book to be quite relevant in teaching and guiding financial values and lessons to kids of wealthy families. I plan to send it to several clients for their own use. There are many books on the subject of transferring wealth to others, but Morris and Pearl are especially good at drilling down in all the appropriate topics. The inclusion of real life examples are insightful and bring to light potential solutions and ideas of how to deal with the various issues. It's probably the first book to discuss the affects of the 2008 financial crisis on high net worth individuals, and the message to pass on to their children.

The `teachable moments' and `unintended consequences' boxes used throughout the book were a great way to get across key issues. This book will definitely be a resource/reference in the future because of the practical suggestions throughout. I would recommend this book to advisors who have wealthy clients and to wealthy individuals who want some assistance in talking to their children about transferring wealth. And as a parent I was delighted to read that the authors focus on the three basic tenets of parenthood: clarity, consistency and communication throughout the book. It's all about teaching the kids responsibility on various levels.