Avoid the riches to rags scenario

All of us have heard stories of people who accumulated or inherited large sums of money, only to end up with little or nothing. For years or decades, a person works and sacrifices, building a business and inching higher. The ones who are careful and wise with their wealth can stay up there a long time and enjoy the experience. But the ones who can't temper their spending, manage their risk, or control their egos don't find satisfaction. They start sliding backward almost as soon as they arrive.

Becoming educated about the dangers and pitfalls of managing the wealth is the best way to arm against them. $30 Million and Broke aims to

•Explore the question of why it happens and offer some answers.

•Share a seasoned advisor's perspective on the issue of squandered wealth.

•Help you—especially if you've recently sold a business and come into newly liquid wealth—avoid going down this long, miserable road.

This invaluable book explains why and how the most accomplished entrepreneurs, business owners, celebrities, and those who inherit or win great fortunes often fall prey to their own flaws, foibles, and failures.