Books about Wealth Management

[elwood]

"Sudden Money" by Susan Bradley.

From the Amazon website...
"Turn Sudden Money into Lasting Wealth

Maximize your wealth and minimize your stress and confusion with this unique, indispensable guide to handling a sudden financial windfall. Written by nationally recognized financial planner Susan Bradley, Sudden Money provides a complete program for successfully managing newfound wealth. Discover ways to:

Stay calm and not make decisions based on your emotions
Seek experienced, professional advice
Avoid pressure from others
Create and execute the best financial plan for you

Whatever the sum involved, the impact of one’s emotional state on the way money is handled—or mishandled—cannot be underestimated. In addition to the legal intricacies of receiving sudden money, the element of surprise that catches people unprepared also often leaves them there. Here, at last, is a type of "owner’s manual" to sudden money that demystifies the process for recipients and their financial planners. Based on her work with countless clients, many of whose stories appear in this book, Bradley has developed a step-by-step program for moving safely through the three phases of building a solid financial foundation:

Preparation and Planning
Investing
Monitoring, Giving, and Sharing

Giving individual attention to each possible windfall event, Bradley addresses their distinct tax consequences, insurance and estate planning considerations, as well as the crucial emotional component. She also shares advice on how to put together the proper team of advisors, including an attorney and a therapist. When correctly handled, an unexpected windfall can provide expected benefits that will continue far beyond the lifetime of the initial recipient—–and turn sudden money into lasting wealth.

Most important, Sudden Money provides you with easy-to-implement, proven ways to ensure that your financial gains are more than fleeting good fortune. "

She even gives some hints on how to handle loan requests from friends, family and strangers.

tinyurl.com/azeum

[forevercmkx]

[forevercmkx]

Wealth: Grow It, Protect It, Spend It, Share It
By Stuart E. Lucas

www.informit.com/bookstore/product.asp?isbn=0132366797&rl=1

Peace,

Forevercmkx

[Deleted]

here is an interesting review i read on Sudden Money by Susan Bradley. i think the reviewer makes some great points. he mentions a book by dr. thomas stanley, who i have met and whose books i have read. dr. stanley has really studied wealth and the wealthy. anyway, without further ado...here is the review.....



"This is a grade school level book for a PHD topic, June 4, 2000
Reviewer: Don McNay "www.donmcnay.com" (Richmond, Ky USA)

The topic of Sudden Money is not one that has been studied the way that it should be. The best book ever written on the subject was Amy Domini's "The Challanges of Wealth" which was written in 1989. It did what what Sudden Money should. It really talks about what is important in any sudden money situation, the ability to control your emotions, know who to listen to avoid well meaning advice from family and "friends".
I am President of a company who assist injury victims with their finances and have 19 years of study on the Sudden Money topic. I was hoping Sudden Money would be something to give to staff and clients but it is not even close.

There are two easy to read books that everyone from the secretary to the President of our organizations must read before they join us, A Piece of the Action by Joseph Nocera and the Millionaire Next Door by Tom Stanley. Nocera gives a history of personal finance and Stanley gives perspective as to why some people are wealthy and others are not. Read those and don't waste your money on Sudden Money.

The Sudden Money book does a good job of promoting what Bradley is selling, her seminars. There is not nearly enough detail of the emotional side of dealing with a settlement which is a LOT more important than picking the right products or advisor.

When it comes to picking the right products, Bradley shows she does not even know about even some basic techniques. In the whopping eight pages she devotes to insurance settlements ($200 billion a year is paid out in these settlements so it affects more people than discussing lottery winners) she does not even mention structured settlements, the most popular financial tool used on cases of $1,000,000 or more!

It is a tax free spreadthrift concept that only injured people can receive. $5 billion a year goes into structured settlements and after 19 years experience and writing numerous academic articles on insurance settlements, I can say with certainity is the best way for injured people to avoid a lot of problems. Bradley apparently has never heard of the idea. Maybe someone should go to one of her seminars and tell her about what is REALLY going on in the financial planning world.

Bradley is media savvy and a great self promoter. I hope her book is not too successful as the last thiing a person with Sudden Money needs is poor advice.

Don McNay..."


for what it's worth...jocheryl