The Value of Debt
The Value of Debt
How to Manage Both Sides of a Balance Sheet to Maximize Wealth
Wiley, Hardcover, 9781118758618, 272pp.
Publication Date: September 2013
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 strengths Addresses 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.
Melody K. Milbrandt is an associate professor and coordinator of art education at Georgia State University in Atlanta. She taught art in public schools (K-12) for eighteen years before moving to higher education in 1996. Throughout her teaching career she has been active in state and national art education association, providing approximately, fifty workshops and presentations at professional meetings. These presentations have addressed her long-standing interests in creativity, cognitive abilities, and social issues in the art classroom. Her dissertation, "An Authentic Instructional Model for Fifth Grade Art using Postmodern Content", was awarded a J. Paul Getty Fellowship in 1995. Since then she has written a number of articles, reviews, and book chapters on a variety of topics related to contemporary issues in art education. Her current teaching and research interests include the role of art criticism and aesthetics in a multicultural setting. Dr. Milbrandt is a past president of the Kansas Art Education Association and was honored as Elementary Art Educator of the Year in Both Kansas and Georgia. She is active in the Georgia Art Education Association and received the Southeastern Region Higher Education Award for 2004. She and her husband, Dr. Lanny Milbrandt, have four adult children and five grandchildren. Her studio interest is mixed-media painting.