Wealth Wisdom for Everyone provides a practical and easy to read introduction to the management of family income, expenditure and investment. As a part of the Raffles Wealth and Legacy Series of books, and as a guidebook for an introductory course by the same name on the Raffles Legacy and Leadership e-learning site, Wealth Wisdom provides a simple and clear description of how to manage family finances — from budgeting to setting and tracking your own investment plans.

Simple, practical and clear, this book can serve to inform all members of the family, even those with no prior experience in family financial planning or investment, on what they need to know to get control over their own financial situation. Starting from the beginning, with a practical approach to assembling essential documents, and ending with a description of various investments a wealthy family may want to consider, the approach provided here can both lead to a greater degree of understanding and allow for better control of family wealth. The book, and accompanying course, provide you with the knowledge and practical tools you need to make sure that you control your wealth successfully over time.

As they say, if you don't control your wealth, it will control you!

Contents:

• Introduction
• Wealth Wisdom for You:
  • Your Wealth Check
  • Your Wealth Objectives
  • Your Wealth Wisdom Plan
  • Cultural Aspects of Personal Finance
• Income and Expenditure:
  • The Budget Process
  • Income Expectations and Career Management
  • Taxes
  • Expenses
  • Insurance
  • Mortgages
  • Transportation and Vehicle Purchase
  • Credit Cards and Consumer Finance
  • Educational Finance
  • Charity and Philanthropy
  • Savings and Investment
  • Making it Work for You
• Savings and Investments:
  • Overview and Asset Allocation
  • Property
  • Cash and Deposits
  • Your Own Business
  • Shares
  • Bonds and Money Market Instruments
  • Mutual Funds
  • Pensions
  • Foreign Currencies
  • Gold and Commodities
  • Arts and Antiques
  • Private Equity
  • Derivatives, Options and Hedges
  • Planning for the Unexpected
  • Making it Work for You
• Life Changes:
  • Marriage And Divorce
  • Children and Multi-generational Families
  • Wealth and Health
  • Retirement
  • Estate Planning
  • Conclusion

Readership: Essential Learning for all members of Ultra High Net Worth families and their advisors, and readers interested in learning to manage their personal finance.

All of us can benefit enormously from improving our financial literacy. Wealth Wisdom can provide a big step toward achieving control over our financial lives.' - Sarah MavrinacProfessor of Accounting and ControlINSEADSenior Program Manager and Executive Director for FinEdX

'Building and protecting wealth requires thought, planning and careful investment over time ... Wealth Wisdom provides a simple and clear approach to all aspects of a financial plan to make the job of wealth creation and protection more understandable and easy to implement.' - Roger Yeh-PangCo-founder and CEOAsuransi Raksa Pratikara

Key Features:

• This book covers all the essentials: from income and expenditure such as household costs, mortgage and educational finance, to savings and investments such as deposits, property and alternative assets, and many more
• An accompanying TV series on Mediacorp's Channel NewsAsia explains each and every key element included in the book. In each episode, a guest speaker from the industry or academia provides expert advice