作者 Bonner, Bill
書名 Family Fortunes : How to Build Family Wealth and Hold on to It for 100 Years
出版項 Somerset : John Wiley & Sons, Incorporated, 2012
©2012
國際標準書號 9781118226841 (electronic bk.)
9781118171417
book jacket
版本 1st ed
說明 1 online resource (354 pages)
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
系列 Agora Ser. ; v.77
Agora Ser
附註 Intro -- Family Fortunes: How to Build Family Wealth and Hold Onto It for 100 Years -- Contents -- Preface -- Acknowledgments -- Introduction: Families That Won't Fail and Money That Won't Die -- Chapter 1: Who Ya Gonna Call? -- The Family vs. the State -- Going Bust -- Nobody Really Starts with Nothing -- A History of Family Wealth -- The Tax "Solution -- A Stab in the Back -- The Family Office -- The Family Balance Sheet -- Human Capital -- No Room for Retirement -- Financial Capital -- Enemy of the State? -- Chapter 2: The Family -- It Takes Teamwork -- Life on a Dual-Income Treadmill -- Everything Regresses to the Mean -- The Role of the Matriarch -- The Glue that Holds it all Together -- The Three "D"S -- Division -- Dissatisfaction -- Distance -- Seven Common Pitfalls for Wealthy Families and How to Avoid them -- The Matriarch of the Rothschilds -- Growing Human Capital -- Developing your Family Culture -- Family Values -- The Family Business -- Family Hobbies -- Education -- Marriage -- Philanthropy -- Politics -- Family History -- Family Motto and Crest -- Family Traditions and Rituals -- Family Relationships and Reputation -- Family Vacations -- Family Properties -- Family Investments -- Overcoming Setbacks -- Career and Educational Development Programs -- Delaying Gratification -- Mentoring and Internship Programs -- How to Bring "Outsiders" into the Family -- Is a "Prenup" Really Necessary? -- Should a Spouse Become Involved in Family Financial Affairs? -- Fighting Addictions and Troublesome Family Members -- Chapter 3: What About the Money? -- Most Charity is a Waste of Time and Money -- More Harm Than Good -- Vanity -- How Do You Accumulate a "Family Fortune"? -- Now Back to Our Story -- Are Stocks a Good Idea? -- So How Do You Get Real Family Money? -- Not So Fast -- F-U Money -- How Much Money Do You Need?
What Kind of Money is Family Money? -- Financial Escape Velocity -- Lock it Up! -- Chapter 4: Making your Fortune in Business -- The Best Way to Get a Fortune -- How to Build a Family Business -- One Step at a Time -- Learn at Others' Expense -- Don't be a Pioneer -- Don't be an Opportunist -- Don't Try to Do it on your Own -- Morale and Why it Shouldn't Matter -- What Kind of Business Should You be in? -- Work Hard . . . Get Lucky -- Compound Effort Over Time -- Where Do These Things Come From? -- Who Makes Money? -- Stay in School? -- Chapter 5: Making your Fortune in Investments -- The Key Variable -- Born Yesterday -- Born the Day Before Yesterday -- Desilusionado -- Stay Away From "Conservative" Investments -- Don't Chase Alpha -- 150 Times your Money in 40 Years -- The Beta Personality -- Alpha Matters, Too -- Capital Gains, not Income -- Let Mr. Market Tell his Story -- Don't Take a Big Loss -- The Resource Advantage -- America Depends on Cheap Oil -- No Longer a Free Society -- Spurts of Growth -- A Final Thought . . . -- Chapter 6: Our Beta Bets -- Bet on the Losers -- Why Emerging Markets Will Outperform Developed Ones -- Progress -- The Chinese Century? -- What About the Internet? -- The Lost Century -- Big Trend No. 2 -- Who Will have the Last Laugh? -- Chapter 7: Hard Structures -- A Will and an Estate Plan -- Back to the Beginning . . . -- An Intentionally Defective Trust -- Expatriate Yourself -- Using Tax Havens -- Taxes are Largely a Matter of Culture -- An Overseas Account -- Americans' Unique Tax Problem -- Five-Country Strategy -- Putting it all Together -- How it Works -- Chapter 8: Creating Prosperity for Generations -- Soft Structures -- Getting Involved -- The Heart of the Family Office System: The Family Council -- What the Family Council Does -- Who Should Sit on the Family Council? -- The Family Council's Role in Trusts
How Multigenerational Families Grow their Wealth -- Set your Priorities with a Family Mission Statement -- The Family Constitution -- Setting up the Family Bank -- Creating Permanent Leadership -- How to Handle the Transition -- Family Council Leadership -- Disputes: Why They're Normal and How to Settle them -- How to Deal with Problem Family Members -- Creating a "Family Republic -- Preserving your Financial Legacy: How to Establish your Investment Committee -- The Wealth Strategist in Each Generation Leads the Committee -- A Training Ground for the Next Generation: A Family Philanthropy -- Chapter 9: Families with Money -- A Brother's Betrayal and the Liquidation of the Waxman Family Business -- Brothers' Promise Turns into a Family Feud -- Pay Two Estate Tax Bills at Once? -- Princess TNT" Saves the Royal Estate -- The Public Spectacle -- Beware of Parasites -- The End of on American Dynasty -- A Great Family Business Lost -- Introducing the Hénokiens -- A Patriarch's Iron Grip Spells Trouble for a Family Business -- Chapter 10: The Family Stronghold -- Where to Go? -- A Place of your Own -- Notes -- About the Authors -- Index
Selected as one of Motley Fool's  "5 Great Books You Should Read" Advice on managing your wealth from bestselling author Bill Bonner From trusted New York Times bestselling author Bill Bonner comes a radical new way to look at family money and a practical, actionable guide to getting and maintaining multigenerational wealth. Family Fortunes: How to Build Family Wealth and Hold on to It for 100 Years is packed with useful information, interwoven with Bonner's stories about his own family's wealth philosophy and practices. A comprehensive guide that shows how families can successfully preserve their estates by ignoring most of what people think they know about "the rich" and, instead, training and motivating all family members to work together toward a very uncommon goal. This book is a must-read for all individual investors-even those who do not plan to leave money to their children-because it challenges many of the most ubiquitous principles and rules of investing. You might expect a book on family wealth to be extremely conservative in its outlook. Instead, the Bonners announce what is practically a revolutionary manifesto. They explain: Why family money should NOT be invested in "safe, conservative" investments Why charitable giving is usually a waste of money, or worse Why it is NOT a good idea to let children go their own way Why you can't trust wealth "professionals" and why you should never entrust your money to money managers Why giving your children as much education as possible is NOT a good idea Why Warren Buffett and the rest of the rich people asking for higher tax rates are wrong to take "the pledge" Why Wall Street is a graveyard for capital, why most celebrity CEOs are a threat to the businesses they run, why modern capitalism is a failure, and more You will come away with a very different idea as to what family wealth is all
about. It is not stodgy. Not boring. Not moss-backed and reactionary. On the contrary, it is the most dynamic, forward-looking capital in the world. The essential guide to passing wealth from one generation to the next, Family Fortunes is filled with concrete, practical advice you can put to use right away
Description based on publisher supplied metadata and other sources
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
鏈接 Print version: Bonner, Bill Family Fortunes : How to Build Family Wealth and Hold on to It for 100 Years Somerset : John Wiley & Sons, Incorporated,c2012 9781118171417
主題 Families.;Wealth.;Financial security
Electronic books
Alt Author Bonner, Will