The Power of a Plan: How a Personal CFO Can Help Business Owners & Professionals Prosper

The Power of a Plan: How a Personal CFO Can Help Business Owners & Professionals Prosper

by David E. Stone


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Residents of Oklahoma plan for tornadoes. Just living there carries a risk of their home being swept away by a violent cyclone—so they prepare for the worst.
As a business owner or soon-to-be retiree, you also must plan for the worst.
Markets will fluctuate and investments will falter, but with a plan, you can endure the trying times.
David Stone has been helping individuals and business owners plan their financial matters since 1992, and in The Power of a Plan, he shares strategies you can use to improve your financial situation now and plan for the future.
Inside, you’ll learn how to:
• manage and understand your cash flow
• handle your insurance needs
• manage the risk of your investments
• oversee real estate investments
• prepare for retirement
• implement tax-planning strategies
• leave an inheritance to future generations
• identify business succession opportunities
You may not be in danger of tornadoes, but everyone is susceptible to financial ruin—with a plan, you can be more prepared to beat the odds.

Product Details

ISBN-13: 9781599327211
Publisher: Advantage Media Group
Publication date: 10/12/2016
Pages: 188
Product dimensions: 6.00(w) x 9.00(h) x 0.40(d)

About the Author

DAVID STONE is Founder of Stone Consulting Group. Since 1992, David has provided business and financial planning services to professionals and business owners. He obtained his bachelor’s in business management from Brigham Young
University and his MBA from California State University. David is also a former member of the extension faculty at the University of California, Davis. David is a
CERTIFIED FINANCIAL PLANNER™ Professional, Chartered Financial Consultant,
Chartered Life Underwriter, and Chartered Retirement Planning Counselor.

Table of Contents

Foreword xi

Acknowledgments xv

Introduction: Honest Abe and the Power of a Plan 1

Chapter 1 The Personal CFO: What You Should Expect from a Certified Financial Planner™ 7

Chapter 2 The Basics of Cash Management 23

Chapter 3 Managing Risk and Insurance Strategies 33

Chapter 4 Are You Sailing or Rowing or Both? 49

Chapter 5 Real Estate and Reluctant Landlords 71

Chapter 6 A New Way of Making Retirement More Rewarding 83

Chapter 7 Tax Strategies for the Long-Form Crowd 97

Chapter 8 Plans You'll Never See the End Of 107

Chapter 9 Generational Wealth Planning 115

Chapter 10 Let's Talk Business 125

Conclusion: Worry Less, Dream More 147

Appendix A What Is an "Accredited Investor"? 151

Appendix B The Serve First Philosophy 155

Appendix C The Creed 157

Appendix D Resources 159

Appendix E Wait-And-See Buy-Sell Agreement 163

About the Author 167

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