The Business of Family by Linda Davis Taylor, explores “How To Stay Rich for Generations.”
This book came on my radar, when the friendly people at FSB Associates recommended it to me. They sent me a copy to read and review. And I’m happy they did.
Now before I tell you what The Business of Family is all about, let’s talk about the author for a second…
Linda Davis Taylor, is CEO of America’s oldest investment advisory firm, Clifford Swan Investment Counsel. She’s the fourth generation of family running her firm, so I think she’s well-positioned to give advice about how to keep money in the family for the very-long term. Now let me tell you what this finance book is all about.
Summarizing The Business of Family:
The Business of Family takes an insightful look at an important but little-mentioned topic. The long-term financial success, as well as the overall success of your family is critical to those interested in amassing a fortune. After all, what’s the point of working so hard if your money dies with you?
The Business of Family looks at the issues of family, legacy and finance from a new angle. By evaluating industry research, profiling well-known successful family businesses and applying a little book of common sense, this book promotes a thought-provoking approach to managing your family. Emphasis on managing.
I was pleasantly surprised at how the author advocates using business best-practice to improve the life of your loved ones. When you read The Business of Family you’ll learn the importance of applying focus and discipline to your home life, just as you would a financial investment. Your business mindset can actually improve your family time. But you’ll have to read this book for yourself to find out how.
The bottom line is, when you reflect on the lessons in this book, they all make sense. As with anything, the challenge will be in applying these lessons consistently. So if you can pull it off, a new level of fulfillment might await you.
One Word of Warning About The Business of Family:
The Business of Family takes a neat twist on something that most financial professionals probably don’t often think about. For that reason, I wanted to give you one quick word of warning about this book.
You see, while the benefits of implementing this book’s ideas are sure to outweigh the effort over the long term, the book could be perceived as a little shocking to certain of you in the financial industry. Here’s why…
The truth is, a lot of bankers, brokers and traders work hard, and might not to get spend as much time with their family as they like. So admitting to and addressing the challenge head-on might be tough to come to grips with. Ironically, those are some of the people that could probably benefit most from this book, lest they hustle so hard for naught.
The Business of Family – The Final Word:
The Business of Family addresses an important topic that doesn’t get enough attention in today’s mainstream financial media. We all work so hard, but we don’t always consider how we can apply our business success to our family. And as shown in this book, when done right, it can work wonders. For that reason I recommend you take a look at The Business of Family on Amazon