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Family Inc: Measures of Health of Family Wealth
By Investment Moats  •  July 28, 2019

Personal finance books would usually teach us how to tell whether we are in a good or poor financial position.

Today, we continue with our Family Inc Series with a look at what Doug McComick recommends as metrics to measure the health of our family wealth.

You could use these metrics for a snapshot of how your family is doing. You could incorporate them into your tracking as well.

I take particular interest in this chapter to see if there are metrics that we can incorporate into my firm’s financial planning practices. You gotta keep trying to do better.

It is important for you to have an idea about your income and net wealth. And having personal income and balance sheet statements are a way to know how well you do.

We take a look at what Doug thinks we should take note of.

The Income Statement

In a financial

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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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