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Thursday, September 13, 2007
Carnation's heir shares principles of wealth
Stuart E. Lucas is an unusual financial adviser: a wealthy man who dispenses advice on building wealth. He is a fourth-generation heir to the Carnation fortune. Carnation, which made products such as evaporated milk and nondairy creamers, was a family-owned business before Nestle bought it in 1985. Moreover, Lucas is chairman of Wealth Strategist Network, an organization that helps wealthy families manage their fortunes. In the following excerpt from his book "Wealth: Grow It, Protect It, Spend It and Share It," published by Wharton School Publishing, he summarizes his guiding principles: Read more...posted by Charles Monat Associates at 6:03 PM
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