Values over valuables Daring to live the life money can't buy

Harmon Kong

Book - 2024

"Many families today struggle in managing and transferring their wealth across generations. And Harmon Kong has seen it all -- families literally tearing themselves apart for a few bucks. But it doesn't have to be this way. With Values over Valuables, Harmon cautions that simply passing along your wealth, without any purpose or values guiding the decision, can lead to the total dissipation of family fortunes within a few generations. Instead, he advocates that families hold frank and honest conversations to align money decisions with the family's core values and mission. The key is to educate the next generation to be responsible stewards. Doing so can avoid conflict later on when the wealth is finally transferred. By changin...g the typical money conversation, families can leave a multigenerational legacy combining financial resources and ethical principles" -- Book jacket.

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  • Acknowledgments
  • Word from the Author
  • Introduction The Best Investment
  • Chapter 1. Doing Well by Doing Good
  • Chapter 2. How Much is Enough?
  • Chapter 3. The Price of Everything and the Value of Nothing
  • Chapter 4. Redefining Financial Freedom
  • Chapter 5. Significance Beyond Success
  • Chapter 6. Living is Giving
  • Chapter 7. Everyone is Included
  • Conclusion The Power of Teamwork
  • From the Author Thank You for Reading Values Over Valuables
  • Appendix A. Discovering My Values Worksheet
  • Appendix B. Sample Family Vision and Mission Statements
  • Appendix C. Family Goal Sheet
  • Appendix D. Kong Ohana House Rules
Review by Kirkus Book Review

Kong offers a semi-autobiographical guide to financial matters for families. The author is the cofounder and chief wealth manager at a firm called Apriem that serves clients who are "relatively affluent folks who are financially comfortable yet are looking to grow in other ways." These people do not need help making money; they need guidance in figuring out what to do with the money they have and ensuring the inheritance they leave is put to good use. (As Kong points out, it is not uncommon for a family to lose a fortune over just a few generations.) For context, the author digs into his personal background, mixing lessons learned from his childhood (particularly with regard to his Hawaiian ancestry) with practices he has used with his own family. (The author presents a set of Kong family values that include family, faith, service, generosity, and community.) The author emphasizes to his clients that, while not everything in the world is in their control, "they certainly can influence the destiny of their own families." Kong's combination of autobiography, straightforward advice, and even some Christian ethics (including a biblical passage on generosity) makes for a distinctive read in the crowded market of financial guidance books. In these pages, the author effectively highlights very specific situations; while the question of how one leaves money to children without them spending it irresponsibly is an out-of-reach predicament for many readers, it is nevertheless a real-world problem. And as inconceivable as it might be for some families to engage in practices like regular family meetings, it is an attainable goal. Such actionable advice, conveyed in simple, direct prose ("Have you ever met an unhappy generous person?"), is the book's strongest feature. A welcoming, practical approach to making the most of personal wealth. Copyright (c) Kirkus Reviews, used with permission.

Copyright (c) Kirkus Reviews, used with permission.