{"id":59108,"date":"2016-09-06T12:42:55","date_gmt":"2016-09-06T17:42:55","guid":{"rendered":"http:\/\/www.artofmanliness.com\/?p=59108"},"modified":"2026-10-20T11:49:52","modified_gmt":"2026-10-20T16:49:52","slug":"podcast-232-become-the-chief-financial-officer-of-family-inc","status":"publish","type":"post","link":"https:\/\/www.artofmanliness.com\/finance\/money\/podcast-232-become-the-chief-financial-officer-of-family-inc\/","title":{"rendered":"Podcast #232: Become the Chief Financial Officer of Family Inc."},"content":{"rendered":"

When it comes to personal finance, most of the advice out there is geared towards goal setting, like save \u201cX\u201d amount for retirement or reduce discretionary spending by a certain percentage each month. Goal setting is helpful, but it often comes up short in giving you a big picture view of your financial situation so you can take appropriate, tactical steps to improve your wealth. <\/span><\/p>\n

My guest today on the show argues that in order to get this big picture view of your finances, you need to start looking at your family as a business and yourself as the Chief Financial Officer of Family Inc. His name is Doug McCormick and he\u2019s a professional investor and the author of Family Inc.: Using Business Principles to Maximize Your Family\u2019s Wealth<\/a>. <\/i><\/span><\/p>\n

Today on the show, Doug and I discuss the two types of assets you\u2019re managing as the CFO of your family, and the business principles you can apply in your family “enterprise” to help them grow. We also discuss the metrics that corporate CFOs use to determine the health of a company and how you can use the same ones to measure the health of your family\u2019s finances. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

When it comes to personal finance, most of the advice out there is geared towards goal setting, like save \u201cX\u201d amount for retirement or reduce discretionary spending by a certain percentage each month. Goal setting is helpful, but it often comes up short in giving you a big picture view of your financial situation so […]<\/p>\n","protected":false},"author":3,"featured_media":195765,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42377,42395,156],"tags":[],"class_list":["post-59108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-money","category-podcast"],"featured_image_urls":{"large":"https:\/\/www.artofmanliness.com\/wp-content\/uploads\/2016\/09\/232-538x280.png","medium_large":"https:\/\/www.artofmanliness.com\/wp-content\/uploads\/2016\/09\/232-768x432.png","aom":"https:\/\/www.artofmanliness.com\/wp-content\/uploads\/2016\/09\/232-372x230.png","reactor-320":"https:\/\/www.artofmanliness.com\/wp-content\/uploads\/2016\/09\/232-320x180.png","reactor-640":"https:\/\/www.artofmanliness.com\/wp-content\/uploads\/2016\/09\/232-640x360.png"},"yoast_head":"\nBecome the CFO of Your Family | The Art of Manliness<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.artofmanliness.com\/finance\/money\/podcast-232-become-the-chief-financial-officer-of-family-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Podcast #232: Become the Chief Financial Officer of Family Inc. | The Art of Manliness\" \/>\n<meta property=\"og:description\" content=\"When it comes to personal finance, most of the advice out there is geared towards goal setting, like save \u201cX\u201d amount for retirement or reduce discretionary spending by a certain percentage each month. Goal setting is helpful, but it often comes up short in giving you a big picture view of your financial situation so […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.artofmanliness.com\/finance\/money\/podcast-232-become-the-chief-financial-officer-of-family-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"The Art of Manliness\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/artofmanliness\" \/>\n<meta property=\"article:published_time\" content=\"2016-09-06T17:42:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-20T16:49:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.artofmanliness.com\/wp-content\/uploads\/2016\/09\/232.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Brett\" \/>\n<meta name=\"twitter:card\" 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