ask Farnoosh

Ask Farnoosh

Ask Farnoosh about money, work, life, or a recent guest below and she'll do her best to answer your question during an upcoming Friday episode on So Money. Record a message below or type in your question.
  • Please answer the following question to submit:
  • This field is for validation purposes and should be left unchanged.

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

You might also like…

you might like....


CBS This Morning: Why are consumers hoarding their cash?

With rising employment, more Americans are earning a steady paycheck, but much of that money is going both unspent and not invested — leaving banks brimming with cash. I stopped by “CBS This Morning: Saturday” to discuss the trend and some ways people can invest that extra money.

Continue Reading