They say a fool and his money are soon parted, and, for the 1 percent, this is especially true. The more wealth one has, the more risks to their financial security. But with the right knowledge, planning, and guidance, the affluent can not only preserve their assets but enjoy them as well. Private wealth manager Frazer Rice has seen every challenge and success that the well-off can face. In Wealth, Actually, he shares his holistic, adaptable approach to wealth management. Through a combination of philosophical discussion, practical advice, humor, and anecdotes, he shows how prosperous individuals can determine what they want their wealth to do; communicate with loved ones about their fortune; avoid overspending; handle wealth threats; evaluate, grow, and protect investments; and choose the best advisors. Money shouldn’t be the dream—but, when it’s managed right, it can be the perfect tool to make dreams come true.
This is my first book. After nearly 16 years at Wilmington Trust, I put down on paper the concepts that I thought were important for people to think about in handling their money. I hope you find it as entertaining and useful as I did in writing it.
The wealthy people also need advisor in order to become unwealthy. There are lot of things that could go wrong ‐ illness, too much spending (yeah, there are different levels of wealth), divorce etc. Sudden stroke of wealth could also have psychological on you or your children ‐ rare people could cope with sudden inherentance or lottery win.
Well, in all these cases you need wealth advisor.
Although I am not yet in this category it is useful to hear some common sense advice in order to keep your wealth for rainy days.
So this is my assessment of the book Wealth actually by Frazer Rice according to my 8 criteria: 1. Related to practice - 4 stars 2. It prevails important - 3 stars 3. I agree with the read - 5 stars 4. not difficult to read (as for non English native) - 4 stars 5. Too long (more than 500 pages) - short and concise (150-200 pages) - 5 stars 6. Boring - every sentence is interesting - 3 stars 7. Learning opportunity - 4 stars 8. Dry and uninspired style of writing - Smooth style with humouristic and fun parts - 4 stars