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Family Inc. : Using Business Principles to Maximize Your Family's Wealth (Hardcover) (Douglas P.

Family Inc. : Using Business Principles to Maximize Your Family's Wealth (Hardcover) (Douglas P. - image 1 of 1

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.

Number of Pages: 251
Genre: Business + Money Management
Sub-Genre: Personal Finance / Investing
Series Title: Wiley Finance
Format: Hardcover
Publisher: John Wiley & Sons Inc
Author: Douglas P. Mccormick
Language: English
Street Date: April 11, 2016
TCIN: 51134184
UPC: 9781119219736
Item Number (DPCI): 248-16-1798
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$20.36
MSRPwas $29.95

Most recent reviews

Highly recommended

(would recommend)
5 out of 5 stars
Truss 1 year ago
If you are looking for another fluffy "just manifest it" personal finance book this one is not for you. If you want rational, granular, and actionable advice buy this book today. The author has a West Point and Harvard Business School background and it comes through in the writing - He is counting o...see moreof the reviewer's review
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An excellent, no nonsense, and straightforward approach to building wealth.

(would recommend)
5 out of 5 stars
Craig Cummings 1 year ago
I feel like I finally found a financial advice book that really resonates with me. Doug's approach to building wealth forced me to take a more holistic view of, in his words, my two most critical "businesses"--my temporary labor business (how much money I can earn in my lifetime through my own labor...see moreof the reviewer's review
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A Must Read for Financial Success

(would recommend)
5 out of 5 stars
MMSyr 1 year ago
I've just finished reading Family Inc., and as the parent of three young adults, this book has just become a must read for my family! My children are just beginning to consume the most valuable asset they will possess in their lifetimes, as explained by Mr. McCormick, their individual labor asset. F...see moreof the reviewer's review
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A simple intuitive guide to managing your family's finances!

(would recommend)
5 out of 5 stars
michaelthorson 1 year ago
This book is a must read... for everyone from high school drop-outs to highly successful business people! McCormick explains the fundamentals required to navigate the ever-increasing complexity of today's financial world and build a successful family financial future in simple, understandable terms....see moreof the reviewer's review
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Family Inc. is an important read in todays complex world of home finance.

(would recommend)
5 out of 5 stars
Randall 1 year ago
Doug has it right! Lots to think about. I wish he would have written it 30 years ago.
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Personal Finance Game Changer

(would recommend)
5 out of 5 stars
JDoranCPA 1 year ago
As a CPA, I have a keen interest in personal finance and have read many of the “best-sellers” over the years. This one stands out from all the rest by using proven principles that work in business to guide personal and family wealth creation. From start to finish, this book is well organized to deli...see moreof the reviewer's review
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