Douglas McCormick, author of FAMILY INC.: Using Business Principles to Maximize Your Family’s Wealth (Wiley; April 18, 2016), argues that most people grasp the basics – creating a monthly budget, paying off debt and meeting a savings goal – but they don’t have a holistic and long-term financial plan. So they think they’re doing the right things, but they don’t really know how financially secure their family is. FAMILY INC. applies the time-tested principles of corporate finance to the family’s finances, and teaches readers how to plan, monitor, and forecast their family’s financial future, just like a CFO does with a … Continue reading Financial Planning and Entrepreneurship: An Interview with Douglas P. McCormick, author of FAMILY INC.