How can you build the kind of wealth that will allow you and your children to become the next generation of "Old Money"? In Family Fortunes: How to Build Family Wealth and Hold on to It for 100 Years, father-and-son team Bill and Will Bonner present a radical new way to look at family money along with the practical advice you need to buildand maintainmultigenerational wealth.
To construct a legacy that will last, you need to forget everything you think you know about what it means to be rich (even if you already are). Big houses? Flashy cars? Not so fast. Keeping money in the family involves putting in more hard work, not having more fun. It's a constant challenge, but the benefits can be huge.
Rejecting much of the common wisdom associated with building family wealthfrom the mistaken belief that withholding money from your kids will somehow toughen them up to why putting your faith in professional money managers is never a good ideaFamily Fortunes presents a game-changing new look at family, money, and how the two can come together in exciting, potentially life-altering ways. To reap the enormous potential rewards of multigenerational wealth, families need to work together, and think about the long term when it comes to investing and other moneymaking opportunities.
Comprehensive and accessible, Family Fortunes shows you how to establish a lasting estate by training and motivating your relations to work toward the preservation and growth of both assets and a family business. Filled with invaluable advice for making money and keeping it in the family interwoven with anecdotes about the authors' own family's wealth philosophy and practices, the book illustrates why family money is the most dynamic, forward-looking capital in the world, and how your family can cash in on it for generations to come.
"We welcome Bill and Will Bonner's radical new way of addressing the complexities of intergenerational wealth. The traditional approach has a track record of losing family well-being as well as family wealth. It is time for fresh ideas and systems."
Susan Bradley, CFP®, Founder of Sudden Money® Institute
The how-to guide to building a family legacy that will last for generationsfrom bestselling author Bill Bonner
From New York Times bestselling author Bill Bonner, and Will Bonner, comes Family Fortunes: How to Build Family Wealth and Hold on to It for 100 Years, a radical new way of looking at family money and a practical guide to building and maintaining multigenerational wealth.
Revelatory and contrarian, the book rejects almost everything you think you know about building a family legacy, from why giving your children as much education as possible is not a good idea to why charitable donations are generally a waste of money. Filled with real-life stories from families with money, as well as recollections from the Bonners' own experiences, this is the only book you need to keep your money in the family.
Gives insight into adult family planning for the future, easy to read. Have read in conjunction with others that help. Read morePublished 2 months ago by T. Hunt
This book confirmed for me that my family has many of the same qualities and values of the Bonner Family. Read morePublished 4 months ago by Phillydad87
This is one, if not the best books written on this subject. While some readers may not appreciate what the author offers, there are many lessons that apply to families across the... Read morePublished 9 months ago by Arthur C Salzer
Family Fortunes: How to Build Family Wealth and Hold on to It for 100 Years (Agora Series)
Bonner created devilishly delightful read that only the most paranoid blue... Read more
This is a great book by one who truly understands how to hold on to family estates....All should read it.Published 11 months ago by Texas Belle
This is an excellant read for anyone looking to leave any type of estate behind for a second and third generation to appreciatePublished 11 months ago by tim robinson
This book is helping me plan my own family business. It is also helping me get to understand what to expect from my family members from our business success! Very good book!Published 11 months ago by Edward Bayless
Even though it is adressed to people of true wealth, it is a must read for every family man who is an investor or an interpreneur or bothPublished 12 months ago by dimitrios papafotis
I never even thought about leaving money for grandchildren and their children...having a thriving family business where you can support all your family and they have a hand in... Read morePublished 12 months ago by Quyen T. Doan