The term “wealth management” doesn’t only apply to wealthy people.
You don’t have to be wealthy to start managing wealth; you can start growing it now from right where you stand. Too many people don’t understand the roles and responsibilities of financial advisors or financial planners and therefore fail to take advantage of opportunities to grow their wealth.
Some financial advice books are too complicated, and others are a little too basic, but this book aims to give you the tools and education to think properly about your money, to identify who should be on your financial team, and to offer insights into what each of them should deliver.
Wealth management can be complicated, but it doesn’t have to be. Echo Huang is a rare find when it comes to wealth management. She advocates for more women to get into the wealth management industry as well as for people to start financial planning at much younger ages. In her book, you’ll discover: · How to simplify financial planning · How to create your financial independence day · 5 Steps to bullet proof your investment portfolio · How to create a money management dream team · Tax strategies, estate planning, long term care and charitable giving strategies that generate more wealth for you · What things to think about if you are an immigrant managing your portfolio in the U.S.
Own Your Future is the story of how a poor immigrant came to live the American dream and how you can too. It’s a story of dreams manifested as a result of the guidance offered by the author’s seven core principles: daring to dream, being adaptable, respecting education, setting goals, utilizing smart and deliberate planning to achieve success, seizing opportunities when they arise, and benefiting from the wisdom of others.
Based on the author’s twenty-five years of experience in the trenches, not just of investment management but also of private and public accounting, this book educates the reader about wealth management and offers useful tools that can be used to make our financial lives more organized.
Echo Huang pulls back the curtain on the wealth management profession as a whole and shows you how to make it work for you, as well as whom and what to trust, who should be on your team, and how they should be working together in a holistic way to help you reach your financial independence day.
Table of Contents:
FOREWORD INTRODUCTION Echoes of China Adapting in America Wealth Management Can Be Complicated (But Doesn’t Have to Be) Overcoming Behavioral Biases Financial Independence Day Five Steps to a Solid Investment Plan Your Dream Team Tax Strategies Estate Planning Long-Term Care Charitable Giving Final Thoughts ACKNOWLEDGMENTS ABOUT THE AUTHOR CONNECT WITH ECHO
About the Author :
ECHO HUANG, President and founder of Echo Wealth Management, left China at age twenty to cross the ocean with just $800 in her pocket and a yearning for adventure in her mind.
Her courage and positive attitude fueled her journey through the business world over the next twenty years. She gained experience working in financial planning at firms both large and small in Minnesota for about fifteen years before launching Echo Wealth Management in 2015. Her passion now is helping people build the financial confidence to pursue their passions and dreams.
Echo competes in pro-am ballroom dancing at the silver level, plays piano, practices yoga, and is a voracious reader. She also enjoys traveling around the world with her daughter, Nina. They live in Plymouth with their petite goldendoodle, Luna.
Review :
"Mixing a little memoir with a lot of self-help, Huang uses personal experience, financial education, and empowerment for those seeking long-term wealth. Own Your Future by Echo Huang is a brilliant guide to starting on the path to financial success."
―Readers' Favorite
“If wealth management has felt overwhelming to you, this book gives you the comprehensive approach and clear steps to start planning your own future now. Echo’s stories and vast experience in the trenches of wealth management show that what has seemed complicated doesn’t have to be, so you can reach your goals.”
—Camille Gibson, VP of marketing and business unit director, General Mills, Inc.
“Ms. Huang’s book, Own Your Future, expertly simplifies a broad range of financial planning topics. Anyone contemplating financial planning for the first time or in the process of actively planning will benefit from the straightforward concepts Ms. Huang highlights. Her views regarding building a financial team and being aware of behavioral bias are spot on. I would highly recommend this book.”
**—James N. Young, Retired financial executive and real estate investor**
“Between work, family, and community activities, life is pretty busy. In the craziness that fills each day, it is easy to overlook the important role that a comprehensive financial strategy plays in protecting everything that matters in life; but knowing where to start isn’t easy. In Own Your Future, Echo not only brings order to the chaos of financial planning, but she embodies the most important ingredient for success between a client and advisor: trust.”
—David Clark, CEO, Cereal Partners Worldwide
“Echo has a rare combination of technical expertise and empathy. This enables her to provide a unique perspective on wealth management that is both informative and motivating!” —Jerry Young, Retired controller, General Mills, Inc.
―Julia Young, Former finance manager, General Mills, Inc.
“After reading this book, I immediately gave it to my twenty-one-year-old daughter, who will be graduating from college this coming spring. Not only does this work provide an outstanding introduction to the strategies and tactics of personal finance, but it is also full of fascinating and personal stories of how a young woman realized her dreams by developing a series of personal principles. This is a book for anyone who can use both deep insight and many practical tools to develop a self-directed and independent future.”
—Barrie Froseth, PhD, Retired, General Mills, Inc.
“The courageous journey of a woman who ‘dared to dream’ and from humble beginnings has become a top-rated wealth management leader. Seizing every opportunity for development and finding her sweet spot led to her own financial independence. Own Your Future helps demystify the sometimes scary investment world with helpful guidance, easy to follow steps, and wise all-around financial counsel. A must-read if you want financial peace of mind and a ‘return on life.’”
—Tito Wouda, VP of finance, General Mills, Inc.
“Growing up in a small village in China, Echo Huang had dreams of traveling the world. Through her formal education and corporate experience, but more so through her drive and tenacity, Echo gained in-depth knowledge of wealth and tax planning techniques while also developing the principles that guide her decisions. Echo’s book, Own Your Future: One Woman’s Story of Immigration and Financial Freedom, is the perfect mix of storytelling, inspiration, practical advice, and can-do attitude that will propel its readers to write their own stories of financial strength.”
—Cory Kiner, CPA, E.T. Kelly & Associates, LLC
“Echo Huang is a consummate professional and world-class investment advisor. This comprehensive financial guidebook is the result of years and years of hands-on experience, observation, and learning. Her broad and deep knowledge of the complex intricacies of financial planning shines through, and it is abundantly evident that Echo is not only a CERTIFIED FINANCIAL PLANNER™ (CFP) Professional, but also a CPA and Chartered Financial Analyst (CFA) charterholder. Though her book demonstrates mastery of technical detail and financial savvy, what is perhaps most impressive is her passion and caring for guiding individuals through the complex maze that is financial planning. Furthermore, Echo walks the talk, as she is the living embodiment of the ‘American dream’—in her financial advisory practice and in her personal life.”
—Clayton W. Chan, Esq., Chan, PLLC, Law Offices, Estate Planning
