So Money - Episode 454

Douglas McCormick

Author of Family Inc.

Today’s guest is the author of the new book Family Inc.: Using Business Principles to Maximize Your Family’s Wealth. In the book, Douglas McCormick provides a roadmap to financial security for families with the premise that your family should be run like a BUSINESS. Doug has spent two decades managing money for institutional clients like insurance companies, pension funds, entrepreneurs and high net-worth families. He’s helped them grow their businesses to create sustainable long-term value. He’s also currently a Managing Partner at HCI Equity, which he also co-founded.

Douglas shares why he thinks every family needs a chief financial officer or CFO. And who is best to play this role? With news of UK’s vote for Brexit, what does he think that’ll mean for our investment portfolios? Plus, the gift he gives his kids every Christmas to help them learn about the financial world.

If you’d like to learn more about Douglas and review some of his customized calculators, income sheets and analytics check out Douglas is on Twitter @doug_mccormick.

One of my favorite quotes from the interview: “The surest way to financial independence is by investing in ourselves.” – Click To Tweet

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