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 strengthsAddresses 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.
A Tremendous Work This is a book everyone interested in successfully managing their finances should read. The Value of Debt breaks uncharted territory, exploring how to use your personal balance sheet to enhance your net worth. As a finance professional myself, this provides a well-researched guide to navigating the formerly opaque world of personal debt. Thomas Anderson has shed light on how personal debt can be used to create value. Using concrete, step by step examples, this book shows why debt is not a…
Where was this book during Grad School? I have an MBA from Northwestern (Kellogg) and have taken pretty much every class on corporate finance. So, I was well versed at managing the debt side of the balance sheet…BUT have never seen these concepts applied to the personal side of finance. What an eye opening approach! This is one of those ideas that is so simple, that I am surprised that no-one thought of this before. I predict that in a few years, people are going to wonder how they managed without some of these techniques…