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Wealth
Book

Wealth

Grow It, Protect It, Spend It, and Share It

Wharton School Publishing, 2006 подробнее...


Editorial Rating

9

Qualities

  • Innovative
  • Applicable

Recommendation

This is one of the best books yet written on the subject of personal financial management. The author, Stuart E. Lucas, is heir to one of the biggest family fortunes in America. When he and his family took a close look at their finances, they discovered that mediocre management was eroding their wealth. They decided to take a new, very disciplined approach to money management. This book recounts their experiences and summarizes their guiding principles. Although few readers will have wealth on the scale of the author's family fortune, getAbstract believes that even those in modest circumstances, and certainly the well-to-do or up-and-coming, will benefit from Lucas' advice about spending, saving, investing, taxes and family values.

Take-Aways

  • Face the financial facts of life squarely.
  • Remember that wealth is a family affair.
  • Define your family's values and goals with respect to its wealth.

About the Author

Stuart E. Lucas is a fourth-generation heir to the Carnation fortune, chairman of a wealth management company, former senior managing director of private client services at a major bank and Vice Chairman of the National Public Radio Foundation.


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