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Family Inc. : Using Business Principles to Maximize Your Family's Wealth (Hardcover) (Douglas P.
About this item
Family Inc. is written with the intellectual rigor of a corporate finance class but in the language of family discussion, with many examples from the author’s own family.Family Inc. is about making choices—in education, career, investments, and looking at how to make those investments durable over the long term.Family Inc. is intended for intelligent people who have the potential to become high income earners and want to develop a comprehensive, actionable, customized plan—a plan that acknowledges the relationships between job, net worth, age, consumption pattern and long-term financial objectives.
While it cannot guarantee financial security, Family Inc. will give you the tools to develop a comprehensive financial plan and fully appreciate the implications of your decisions. As a professional private equity investor, HCI Equity’s co-founder Doug McCormick has spent substantial time analyzing various businesses and evaluating the financial profile of good companies. He has become involved in all financial aspects of the businesses his company invests in¯strategic planning, financial analysis, budgeting, capital structure, capital raising, acquisitions and restructurings. During the past 15 years, McCormick has served all these businesses as an active board member or chairman of the board and in some cases as chief financial officer. Along the way, he realized along the way that many of the financial principles employed by successful companies are also relevant to personal financial planning and management. In detail, you will learn what it takes to be “CFO” of your own family’s future.Family Inc. provides:
• Key principles and recommendations for creating your own financial prosperity and security.
• How to manage a financial advisor, so he or she works for you—and so does your intellectual and real capital.
• How to understand how your family situation may dictate that you do things differently, so that personal finance acumen aligns with your family’s situation.
• How your principles as family CFO should sometimes differ from standard advice offered by financial advisors, and for good reason. Life is not a template, and plans must adapt to real-world situations.
• How to build your own comprehensive road map to financial security and independence, using some powerful financial tools personally created by McCormick to help you along the way.