English | 2022 | ISBN: 9811259011 | 286 pages | True PDF EPUB | 13.43 MB
Wealth Wisdom for Everyone provides a practical and easy to read introduction to the management of family income, expenditure and investment. As a part of the Raffles Wealth and Legacy Series of books, and as a guidebook for an introductory course by the same name on the Raffles Legacy and Leadership e-learning site, Wealth Wisdom provides a simple and clear description of how to manage family finances — from budgeting to setting and tracking your own investment plans.
Simple, practical and clear, this book can serve to inform all members of the family, even those with no prior experience in family financial planning or investment, on what they need to know to get control over their own financial situation. Starting from the beginning, with a practical approach to assembling essential documents, and ending with a description of various investments a wealthy family may want to consider, the approach provided here can both lead to a greater degree of understanding and allow for better control of family wealth. The book, and accompanying course, provide you with the knowledge and practical tools you need to make sure that you control your wealth successfully over time.
As they say, if you don't control your wealth, it will control you!
Contents:
IntroductionWealth Wisdom for You:
- The Budget ProcessIncome Expectations and Career ManagementTaxesExpensesInsuranceMortgagesTransportation and Vehicle PurchaseCredit Cards and Consumer FinanceEducational FinanceCharity and PhilanthropySavings and InvestmentMaking it Work for You
Savings and Investments: - Overview and Asset AllocationPropertyCash and DepositsYour Own BusinessSharesBonds and Money Market InstrumentsMutual FundsPensionsForeign CurrenciesGold and CommoditiesArts and AntiquesPrivate EquityDerivatives, Options and HedgesPlanning for the UnexpectedMaking it Work for You
Life Changes: - Marriage And DivorceChildren and Multi-generational FamiliesWealth and HealthRetirementEstate PlanningConclusion
Readership: Essential Learning for all members of Ultra High Net Worth families and their advisors, and readers interested in learning to manage their personal finance.
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