Though geared mainly toward financial planning professionals, this book should be of interest to anyone nearing or in retirement. Though a bit techinical at times, the reader will come away with an understanding of how portfolio management differs in retirement, why cash flow flooring is so important during retirement years, the calculation of flooring needs, and alternative solutions for flooring.
A book by a physician for physicians. It's obvious physicians are both smart and hard working, but when it comes to money many make some pretty horrible financial decisions. If you are a physician (or even if you're not), read this book before it's too late. Your finances and retirement years will be much better for it.
Barbarians at the Gate chronicles not only the rise and fall of RJR Nabisco, but also the evolution of corporate American culture from the Guilded Age through the end of the "greed is good" corporate raider era of the 1980s. It provides an entertaining and disturbing insight of how corporate culture morphed from one of executive trusteeship, to one of them placing their own interests well ahead of the owners and employees.
In this book Jonathan Clements, a long time personal finance writer at the WSJ, provides practical advice about how to think about and manage our finances in a way that puts money in its place to allow a more comfortable and fulfilling life. The book is built around 5 ideas: 1) Focus on what truly creates happiness 2) Plan on living a long life 3) To be human is to be hardwired for poor financial management 4) Think big picture by focusing on each paycheck 5) Some games are best won by not losing
Easy to read and fast-paced book that helps reframe spending, saving, money, investing, and happiness. "Things that have never happened before happen all the time." "Save for the sake of saving" because although you might not know how you will eventually spend it. Saving now allows future flexibility, which is perhaps the most freeing thing of all. Somewhat out-of-place is the last chapter which discusses how the U.S. consumer got to where we are now and it's a fascintaing thread of history.
This is a great book for anyone considering preserving real estate as a family legacy. At first glance, leaving a piece of property to heirs might seem straight-forward, but difficult issues often begin to arise not long after inheritance. This book details ways in which these issues can be planned for before they transpire, helping to not only keep property in the family for generations to come, but also to avoid rifts between family members themselves.
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