Get PDF The Value of Debt: How to Manage Both Sides of a Balance Sheet to Maximize Wealth

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Editorial Reviews. Review. #2 on Ten Best Books of - Wealthmanagement. com. New York The Value of Debt: How to Manage Both Sides of a Balance Sheet to Maximize Wealth - Kindle edition by Thomas J. Anderson. Download it.
Table of contents

If we want to be consistent with our approach here, we have to recognize how we want to spend money as a liability. Here, too, you can see how setting it up on a balance sheet allows you to better examine the nature of the liability.


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We must keep in mind that the value of our assets as well as our liabilities will go up and down over time as interest rates, inflation, economic prospects and personal circumstances change. Ask yourself: Is your balance sheet well-funded enough for your future obligations, such as the lifestyle you want to maintain during retirement? Or is all your net worth tied up in a house or another illiquid vehicle that is difficult to break up into small parts and sell off? It very well may be that your expected lifestyle costs will outstrip your assets.

You are living close to the edge, and you have no cushion.

The Value of Debt

If you already have a personal balance sheet, I recommend updating it once a year or after major life changes. Then and only then will the adviser and investor be able to engage in the primary task of wealth management: to manage risk.

Fler böcker av Anderson Thomas J Anderson

For me, wealth management is about risk management. The ideal goal is to structure assets so that they fluctuate in the same way as liabilities so that the difference between the two is less volatile.

Crisis in the heartland: consequences of the New Wall Street System

Anderson then supplies you with a set of advanced techniques for leveraging your indebted strengths, including:. In The Value of Debt , Anderson proves that all else being equal, a lower volatility portfolio with some debt is better than a high-volatility portfolio with no debt. He also takes a balanced approach and has an in-depth discussion of the risks inherent in this strategy.

This includes an overview of the different economic environments we could face and base case scenarios that all investors should be aware of. In addition, on The Value of Debt companion website you'll find a proprietary tool for calculating your own optimal debt ratio. With inputs for assets and liabilities, it enables you to develop your personal wealth balance sheet and to compare it to examples provided by the author.

Offering a bold new vision of debt as a strategic asset in the management of individual and family wealth, The Value of Debt is an important resource for financial advisors, wealthy families, family offices, and professional investors. With The Value of Debt, Tom Anderson takes an important, balanced, and clear step toward filling this void.

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Wealth Management. I read The Value of Debt with fascination. Tom's ideas are simple but well grounded in theory.

The Value of Debt How to Manage Both Sides of a Balance Sheet to Maximize Wealth

The book will benefit many, in particular, making debt a darling rather than a dirty word. Tom Anderson provides an accessible and persuasive discussion of why and how debt should be an important tool in personal financial management. The sophisticated financial reader will gain many useful ideas, and enjoy the rigorous discussion of the tradeoffs and applications of Anderson's ideas.

This book represents a significant step forward for financial advisors. Highly recommended. It will challenge your preconceived notions and encourage you to approach your financial life in a more cohesive way. Capturing the spread is what business is all about and creating value vs. The Value of Debt challenges the conventional wisdom that all debt is bad. Anderson explains why, if strategically deployed, debt can be of enormous long-term benefit in the management of individual and family wealth. Read more Read less. Amazon Global Store US International products have separate terms, are sold from abroad and may differ from local products, including fit, age ratings, and language of product, labeling or instructions.

Corporate finance

Manufacturer warranty may not apply Learn more about Amazon Global Store. From the Inside Flap Virtually every CFO of a large company recognizes that both assets and debts can be sources of financial strength. From the Back Cover Praise for The Value of Debt "While most financial firms today are able to deliver integrated solutions, truly integrated financial advice remains a scarce commodity.

Wealth Management "There are thousands of books and articles that discuss balance sheet structure and design for corporations but virtually no one is applying an academic framework to shape the dialogue for individuals. Louis "This book applies fundamental concepts from corporate finance to personal finance. No customer reviews. Share your thoughts with other customers. More importantly, he schools you in time-tested strategies for using debt to steadily build wealth, to generate tax-efficient retirement income, to provide a reliable source of funds in times of crisis and financial setback, and more.

Money Without Boundaries Anderson Thomas J Anderson Discover how blockchain will facilitate a new currency that will transcend space and time Largely inspired by The Denationalization of Money by Fredrich Hayek, Money Without Boundaries ideological foundation is also inspired by economists and thou Bloggat om Value of Debt.