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Reviewed by Darin Godby for Readers' Favorite
What a wonderfully written book by Michael W. Palumbos! His book "Your Family Legacy" gives the reader 32 ways to preserve your family's 'wealth' for generations. Palumbos remarks 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 for how to rebuild their financial status. He indicates that money, values and knowledge are great assets to pass on to subsequent generations.
Author Palumbos gives great insight into how a family can help themselves as well as others. While it stresses the importance of helping others, there is also the need for helping oneself first so that individual can in fact truly help others. The book is divided into four basic areas: 1) Family Wealth, 2) Family Business, 3) Family Values and 4) Family Legacy. The author clearly states why a business will not succeed if the focus is on the family’s needs rather than on the needs of the business. There is also the importance of ensuring that the values of the family are passed down even up to 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 readers with additional material to make wise decisions for their future.