454: Douglas McCormick, Author of Family Inc.
So Money with Farnoosh Torabi
Farnoosh Torabi
4.7 • 2K Ratings
🗓️ 10 August 2016
⏱️ 26 minutes
🧾️ Download transcript
Summary
Douglas McCormick is the author of the new book Family Inc.: Using Business Principles to Maximize Your Family's Wealth. In the book, he 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. For more information visit www.somoneypodcast.com.
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Transcript
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| 0:00.0 | So Money episode 454, Douglas McCormick, author of Family Inc. |
| 0:05.0 | You're listening to So Money, with award-winning Money Guru Farnu |
| 0:10.0 | Farnu Shkharabi. Each day, get a 30 minute dose of financial inspiration from the world's top business minds, authors, influencers, and from Farnuus yourself. |
| 0:20.0 | Looking for ways to save on gas or double your double coupons? |
| 0:24.0 | Sorry, you're in the wrong place. |
| 0:27.0 | Seeking profound ways to live a richer, happier life. |
| 0:30.0 | Welcome to So Money. |
| 0:32.0 | Need a website, why not do it? Welcome to So Money. |
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| 0:40.0 | Used by more than 84 million people worldwide. Wix.com makes it easy to get your |
| 0:45.8 | website live today. You need to get the word out about your business. It all |
| 0:50.0 | starts with a stunning website with hundreds of designer made |
| 0:53.6 | customizable templates to choose from the drag and drop editor there's no coding |
| 0:58.4 | needed you don't need to be a programmer or designer to create something beautiful. |
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| 1:05.6 | Empowers business owners to create their own professional websites every day. |
| 1:10.3 | When you're running your own business, you're bound to be busy, too busy worrying about your budget, |
| 1:15.4 | too busy scheduling appointments, too busy to build a website for your business. |
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| 1:30.1 | The result is stunning. |
| 1:35.0 | You're listening to So Money, everyone. Welcome back. |
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