Family Inc

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Praise for FamilyInc. "Financial illiteracy is not only an individual problem, it is a threat to our national welfare and global competitiveness. In today's world, it's more important than ever for individuals and families to understand how to create financial independence and security. Family Inc. offers a new perspective on personal financial security, applying time-tested business principles to real-world family situations." --Carlos Gutierrez, 35th U.S. Secretary of Commerce, Former Chairman and CEO of the Kellogg Company "Personal finance books have always had a problem. The people who know what they are talking about can't write. And the people who can write are often charlatans. Not any longer. Family Inc. delivers something that families across the country desperately need: a clear, accessible guide to making financial decisions based on the best available data and research. No gimmicks, no get-rich schemes--just sensible and intellectually honest guidance for making good financial decisions at every stage of life." --Charles Wheelan, author of Naked Economics and Naked Statistics, Professor at Dartmouth University "By taking a different perspective--seeing a family's full financial situation the way an experienced private equity investor would--McCormick shows us how to appreciate the full range of our choices and opportunities as a family 'CFO.' Family Inc. is an easy read which offers a solid blueprint for making sound financial decisions." --Charles D. Ellis, Author of Winning the Loser's Game and The Elements of Investing "Family Inc. provides a fresh perspective for the important financial decisions that families face at each stage of their lives. I particularly like the chapters on career choices and on family budgeting. Readers will learn how to approach personal budgeting and investment decisions as dispassionately as any business would." --Richard C. Marston, Professor of Finance and Director of Private Wealth Management Program, Wharton School, and author of Portfolio Design and Investing for a Lifetime "McCormick makes a compelling case that at some level we are all entrepreneurs--selling our labor and skills like any business owner. Most importantly, Family Inc. provides actionable advice on how to maximize the value of your labor through education, career choice, and skill development while combining it with your capital to achieve financial independence." --Patricia Greene, Paul T. Babson Chair in Entrepreneurial Studies, Academic Director, Goldman Sachs 10, 000 Small Businesses and 10, 000 Women