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Family As A Business
- Viewing your family as a business reframes money as converting labor into financial capital and social benefits.
- That framework connects career, education, insurance, and investing into one coherent long-term plan.
Two Primary Family Assets
- Your two primary assets are your labor (future earnings) and capital (savings/investments).
- Social Security functions like a mandatory annuity and is another retirement asset to include.
Three CFO Objectives
- Secure short-term cash to fund today's consumption and avoid financial distress.
- Also plan long-term investing for retirement and start succession planning early.