Creating And Preserving Wealth

Advance Praise for Rich In America "I highly recommend Rich in America to investors of all economic levels. While certainly no company understands the wealthy better than U.S. Trust, Jeff Maurer has done a wonderful job of turning the wisdom he gathered during his distinguished career at this venerable institution into advice that will benefit anyone interested in making smarter financial decisions." -Charles Schwab Chairman, The Charles Schwab Corporation "Jeff Maurer is uniquely qualified to advise the affluent and those who would be. Rich in America is packed with insight and wisdom gleaned from his long and tremendously successful career at the very pinnacle of wealth management." -Timothy C. Forbes Chief Operating Officer, Forbes Inc. "For thirty-three years, Jeff Maurer helped build U.S. Trust Corporation into one of the nation's most prominent and respected wealth managers. In this book, Jeff combines his own experience with the knowledge gleaned from a decade of U.S. Trust research into who the affluent are, how they earned their money, and how they keep it. The U.S. Trust approach to building and maintaining wealth makes relevant reading for anyone eager to provide for their own and their family's financial well-being." -Alan J. Weber Chairman and Chief Executive Officer, U.S. Trust Corporation "Jeff Maurer has distilled more than three decades of investment advice to affluent clients into a concise, informative, and extraordinarily readable work. Readers who are trying to preserve accumulated assets, as well as those who are setting out to build substantial wealth, will profit from this wide-ranging book." -James Poterba Mitsui Professor of Economics, MIT

Creating and preserving wealth is remarkably simple - if you know how. In a world of often confusing jargon and seemingly complex structures, sensible and effective financial planning is available to everyone. And the secret? Anyone, anywhere can create wealth for themselves by following some straightforward principles.Setting out eight key principles, one of the UK's leading Firms of Wealth Managers, Penguin Wealth, provide a step by step methodology for dealing with your finances which work, showing how these principles tie together into one effective plan. A plan that spans all life stages.Although simple, the methodology may not be obvious and contains some surprising insights, including:> What the most important financial decision, you ever take, is likely to be> Why you should focus on your lifestyle and life requirements as much as on money> How to create and use a map to construct your financial plan> How some strange mathematical principles are significant to eventual outcomes> Why having a philosophy towards your goals is as so importantWealth creation is not for the lucky few, it is within the grasp of anyone serious about taking hold of their situation and applying the eight principles. And for anyone with wealth already accumulated, using the principles will protect and preserve wealth."The magical thing about wealth creation is that it is available to everyone. When you read how to do it, you realise it's not magic at all; simply a process of understanding how to go about it."Moira Edwards, Client of Penguin"The great lesson of the Penguin Book is that it outlines that creating wealth is so much more than just accumulating money. It is about lifestyle, family, peace of mind, happiness and contentment. Indeed, in many ways, having money is simply an extension of much deeper objectives. Anyone interested in their financial well-being should read this Book."Sue Edwards, Client of Penguin

Captures the insights of leading academics and practitioners based on decades of research around the globe on factors of success and failures of private wealth, over time. It presents a deep and broad approach to understanding why and how wealth is created, managed and preserved over generations.

Getting, using, and keeping wealth is not hard if you understand money and the subject of economics.Find out what most people have gotten wrong.Find out what so many people don't know.You will learn:* Why so many people have trouble with money.* How to improve an economy.* Ways to handle debt. * Ways to make money.* How to use money.* How to keep your money. * Ways to invest.* The Laws of Economics.* And a lot more.The purpose of this book is to help unscramble the subject of Economics..Economics has become this clouded subject which requires a Harvard degree and years of schooling to understand. This is ridiculous since we live in an economic world and economics is part of our day to day life.In this book we define ECONOMICS as: The branch of knowledge concerned with creating, using, and preserving wealth. As a subject it would include the data necessary for an individual or business to be able to create the money necessary to be alive or stay open, as well as the formulas to achieve and maintain wealth. As a field of study it would include the research of markets or regions as to what causes people to purchase desired goods and services, how they pay for them, and the different paths money travels on or ends up. Economics is separate from politics. Economics can have an impact on politics, just as politics can have an impact on economics. People can learn this subject and use the basic data of economics to handle their own lives and not be reliant on the politics or political philosophies of others.We will be looking at economics as it applies to you, instead of just how it applies to a nation or market. We will look at how you can understand and use the knowledge of creating, using, and preserving wealth for yourself, your family and your business or groups. This is a fresh look. Get the book and you will learn something new.

The investment industry has complicated the investing process; the bookshelves of your local library or bookstore hold hundreds of books on the topic, each with its own recipe for success. A fitting analogy is the weight loss industry. Countless books and programs are available, and yet, the simple truth of the matter is if you want to lose weight, simply eat less and exercise more, plain and simple. How does this translate to investing? Identify a company with sustainable and rising earnings that pays a growing dividend over time and you are on your way to financial success. What has been a tremendous source of frustration for me over the past three decades is watching so many people "playing the stock market". Sadly, it remains a national pastime. Despite experiencing major stock market bubbles followed by severe market corrections, investors continue to believe that a casino-style investing approach is the answer to their problems. In fact, the events of the last several years are a great endorsement for a set of principles which all investors must follow should they seek to achieve long term, financial success. My goal is to demonstrate that we need to go back to the basics and invest the same way we did before the Internet made stock speculation so simple. Compared to when I first entered the industry, the stock market has started to look more and more bazaar, with a casino-style mindset beginning to grip many investors and speculators. The burgeoning 24/7 business news covering every meaningless minutiae of the world of business and finance has not benefited investors by generating higher investment returns. Conversely, all this noise has led to inferior returns as super-charged emotions cause many to make hasty investing decisions with little regard to the sound fundamentals of investing. Frustrated investors have realized that the traditional rules of investing apply as much today as they have in the past. The key to creating and preserving wealth is to invest in fundamentally sound companies with a long, steady track record of increasing their earnings and dividends paid to shareholders over time. The Principles of Wealth Creation will illustrate the six fundamental principles all investors should abide by should their ultimate goal be to reap significant investment returns overtime.