What a wonderfully written book by, author Michael W. Palumbos. His book, "Your Family Legacy" gives the reader "32 ways to preserve your family's 'wealth' for generations. Author Palumbos helps describe that having money isn't as important as knowing how to make it, therefore if one should lose their wealth they still know the formula on how to rebuild their financial status. He indicates that money, values and knowledge are great assets to pass on to other generations.
Author Palumbos gives great wisdom and insight in how a family can help themselves as well as others. While there is a view of helping others, there is also the need of helping oneself first so that individual can in fact truly help others. The book is broke down into four basic areas: 1) Family Wealth, 2) Family Business, 3) Family Values and 4) Family Legacy. The author very well states how a business will not succeed if the focus is on the family’s needs rather than the needs of the business. There is also the importance of making sure the values of the family are passed down as far as the seventh generation.
I found this to be a very inspiring and rewarding book. If you are looking for ways to make yourself and your family better and stronger then this is a book you won't want to miss. There is also a great list of resources at the end of the book to provide the reader with additional material to make wise decisions for their future.
5 of 5 stars
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