The Value of Debt
How to Manage Both Sides of a Balance Sheet to Maximize Wealth
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5.0 • 17 Ratings
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- $25.99
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- $25.99
Publisher Description
A New York Times bestseller and one of the Ten Best Business Books of 2013 by WealthManagement.com, this book brings a new vision of the value of debt in the management of individual and family wealth
In this groundbreaking book, author Tom Anderson argues that, despite the reflex aversion most people have to debt—an aversion that is vociferously preached by most personal finance authors—wealthy individuals and families, as well as their financial advisors, have everything to gain and nothing to lose by learning to think holistically about debt.
Anderson explains why, if strategically deployed, debt can be of enormous long-term benefit in the management of individual and family wealth. More importantly, he schools you in time-tested strategies for using debt to steadily build wealth, to generate tax-efficient retirement income, to provide a reliable source of funds in times of crisis and financial setback, and more.
Takes a "strategic debt" approach to personal wealth management, emphasizing the need to appreciate the value of "indebted strengths" and for acquiring the tools needed to take advantage of those strengths Addresses how to determine your optimal debt ratio, or your debt "sweet spot" A companion website contains a proprietary tool for calculating your own optimal debt ratio, which enables you to develop a personal wealth balance sheet
Offering a bold new vision of debt as a strategic asset in the management of individual and family wealth, The Value of Debt is an important resource for financial advisors, wealthy families, family offices, and professional investors.
Customer Reviews
Great Read!
Everyone should read this book!! A well-written and easy to read book that helps people understand how to think about debt. Lot's of people use and apply these principles but I have never seen a book actually outline in a people friendly format how to think about debt. Kudos to the author - great job.
Bravo Tom!
Tom Anderson expertly navigates the art and science of personal balance sheet management in this new investment classic. Tom takes a measured and well reasoned approach to managing debt, setting aside extreme views at either end of the debt debate and leaving the reader armed with actionable ideas to help maximize their wealth. The Value of Debt should be in every advisor's personal library, with copies at the ready to give to their affluent and high net worth clients.
Groundbreaking
This is a fantastic and informative read. The author constructs a conceptual framework around individuals' debt where most of us simply base our decisions on a knee-jerk aversion. He does this simply by reapplying common business practices to an individual's balance sheet. Thinking holistically about debt, striving to maintain an optimal debt ratio, capturing the spread; you'll quickly see that these practices should have been engrained into us even before achieving financial independence; you'll wish you would have known these concepts sooner, to have applied them for your benefit in many of your past financial decisions.