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 (www.raffleslegacylearning.com), 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: Introduction Wealth Wisdom for You: Your Wealth Check Your Wealth Objectives Your Wealth Wisdom Plan Cultural Aspects of Personal Finance Income and Expenditure: The Budget Process Income Expectations and Career Management Taxes Expenses Insurance Mortgages Transportation and Vehicle Purchase Credit Cards and Consumer Finance Educational Finance Charity and Philanthropy Savings and Investment Making it Work for You Savings and Investments: Overview and Asset Allocation Property Cash and Deposits Your Own Business Shares Bonds and Money Market Instruments Mutual Funds Pensions Foreign Currencies Gold and Commodities Arts and Antiques Private Equity Derivatives, Options and Hedges Planning for the Unexpected Making it Work for You Life Changes: Marriage And Divorce Children and Multi-generational Families Wealth and Health Retirement Estate Planning Conclusion 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. Mark Haynes Daniell is the Founder and Chairman of the Raffles Family Wealth Trust Pte Ltd, based in Singapore, a boutique advisory firm focused on Ultra-High Net Worth families and their businesses. He is also the founder of the newly launched e-learning site www.raffleslegacylearning.com, which provides a comprehensive suite of learning opportunities for ultra-high net worth families, their employees and their advisors. He is joined in this initiative by a team of acknowledged global experts in the areas essential to help legacy families to preserve their wealth and strengthen their families, with a particular focus on family leaders and members of the rising generation.Topics addressed in the courses and individual lessons on that site include: Family History, Purpose, Vision and Values; Family Governance, Leadership and Succession; Family Business Ownership and Strategy, Family Wealth Management; Family Wealth Structuring and Value Preservation; Philanthropy and Social Engagement; Family Dynamics: Culture, Relationships, Disputes and Individual Issues; NextGen Education, Generational Transitions and other topics relevant to the creation, preservation and transition of family wealth.The Raffles Family Wealth and Legacy Series of books accompany and enrich the online learning experience available in that site, and include the following titles available from the World Scientific Publishing Corporation: Wealth Wisdom for Everyone; Strategy for the Wealthy Family; Family Legacy and Leadership; Family Wealth Management; Family Wealth and Legacy Planning (tbc with Sandhya); World of Risk.Mr Daniell has also authored two books on business...
