• April 2015

Wealth Management Rules: 12 Tips to Help You Harness Your Financial Know-How

Are you ready to harness your financial know-how?

That’s exactly what you’ll do in Wealth Management Rules, an eBook written by experienced financial planner Marguerita M. Cheng, CFP® and edited, designed, and published by the Inkandescent Publishing Company.

Divided into four sections, the 12 tips in the book are designed to help readers:

  • Know how they actually think about wealth (there may be some surprises)
  • Know how to better understand what messages they’ve been sent by parents, media, and society about wealth — some of which may be keeping them from actually being wealthy
  • Know how the wealth management world works
  • And, know how to balance love, money — and increasing wealth

“Anyone can accumulate wealth and peace of mind — all they need is the know-how,” insists Cheng, who has been a Certified Financial Planner professional for 11 years and was the 2012 chair of the Financial Planning Association of the National Capital Area (FPA NCA).

“My greatest joy and passion is touching the lives of others so that they may achieve their personal financial success,” says Cheng, who with Sameer S. Somal, CFP®, owns Blue Ocean Global Wealth — which provides corporations and institutions with portfolio construction, investment due diligence, and risk-management consulting services.

“This book is my way of giving back to my clients and other women, minorities, and multicultural families like my own,” she insists. “My goal is to help readers achieve this goal with these 12 tips, because everyone deserves to have peace of mind when it comes to their financial future.”

Cheng is convinced that the three traits needed to maximize wealth are preparation, patience, and persistence.

Here’s what you’ll learn in “Wealth Management Rules:”

Part I: Know how you think about wealth

What is your Wealth Management IQ? For many of us, it’s actually an EQ, for emotions almost always run high when it comes to planning for our financial future. For a quick primer, ask yourself: Does saving money excite you, or throw you into an icy panic? Knowing how you think and feel about money — saving it, spending it, and enjoying it — is an important first step in managing it. In this section, the tips will teach you how to:

  • Tip 1: Embrace your financial savvy
  • Tip 2: Get comfortable with risk
  • Tip 3: Lean in toward your financial future

Part II: Know how you were taught to think about wealth

Parents and society teach us things we don’t even realize about how we think about managing money. I wish everyone had the benefit of learning money-savvy insights from my father, who recently passed away. He emigrated from Taiwan in the 1960s with only $17 to his name and the clothes on his back. In this section, you benefit from his wisdom, and we take a look at how women, minorities, and other multicultural families actually have a leg up, as we remind you how to:

  • Tip 4: Embrace, or discard, what your parents taught you about money
  • Tip 5: Realize that women are better investors than men
  • Tip 6: Recognize that diversity is an advantage when it comes to managing wealth

Part III: Know how the wealth management world works

Now that you are better friends with your Wealth Management IQ, and have some insight into how you were trained to think about money, you are ready for the main course: managing it. In this section, you’ll learn how to:

  • Tip 7: Understand the wealth-management playing field
  • Tip 8: Find your ideal wealth manager, keeping in mind the 4 Es: Education, Expertise, Experience, and Empathy
  • Tip 9: Pick the appropriate wealth manager for your family and your business

Part IV: Know how to balance love and wealth

Affairs of the heart are one thing. When you bring money into the equation, the waters can get muddy. In this section, you’ll learn how to:

  • Tip 10: Manage the loves in your life while keeping an eye on your pocketbook
  • Tip 11: Get a fix on your spouse’s finances — before you say, “I do”
  • Tip 12: Plan for your child’s college education by the time they turn 1

Click here for more information about the Kindle eBook, available for $4.99: www.WealthManagementRules.com.

About Rita Cheng, CFP®

Rita Cheng is the co-founder of Blue Ocean Global Wealth, a firm she created with Sameer S. Somal, CFP® in 2013. Previously, Cheng was a financial adviser at Ameriprise Financial and an analyst at Towa Securities in Tokyo, Japan. She is a CFP® professional, a Chartered Retirement Planning Counselor, and a Certified Divorce Financial Analyst. She was the 2012 chair of the Financial Planning Association of the National Capital Area (FPA NCA).

As a CFP Board Ambassador, Cheng helps educate the public, policymakers, and the media about the benefits of competent, ethical financial planning. She also volunteers for CFP Board Disciplinary and Ethics Commission (DEC) hearings. She proudly serves on the FPA National Board of Directors and is a member of the Finance Committee. She has been quoted and featured in numerous national publications.

Cheng studied at Keio University in Japan and earned her BS in Finance and her BA in East Asian Language and Japanese Literature from the University of Maryland, College Park. She is a recipient of the Ameriprise Financial’s Presidential Award for Quality of Advice and the prestigious Japanese Monbukagakusho Scholarship.

For more information about her financial services firm, visit www.blueoceanglobalwealth.com.

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