1 Million for Life : How to Make It, Manage It, Maximise It

Description

Want to build wealth that will last you a lifetime?Then 1 Million for Life is the book for you! In this step-by-step guide to financial freedom, investor and best-selling author Ashley Ormond outlines dozens of practical ways to increase your wealth by tens of thousands, or even hundreds of thousands, of dollars. It doesn't matter how much you earn -- it's what you do with the money you have that makes the difference. Inside you'll learn how to:save money and pay off debts quicklyuse low-cost, tax-effective ways to invest in sharesinvest in residential and commercial propertymaximise the perfor. Read more... Abstract: Want to build wealth that will last you a lifetime?Then 1 Million for Life is the book for you! In this step-by-step guide to financial freedom, investor and best-selling author Ashley Ormond outlines dozens of practical ways to increase your wealth by tens of thousands, or even hundreds of thousands, of dollars. It doesn't matter how much you earn -- it's what you do with the money you have that makes the difference. Inside you'll learn how to:save money and pay off debts quicklyuse low-cost, tax-effective ways to invest in sharesinvest in residential and commercial propertymaximise the perfor Content: Cover Contents Title Copyright Acknowledgements Preface Chapter 1: The Problem 1.1 Life's Great! 1.2 So what's the Problem? 1.3 Factors Affecting your Future Finances 1.4 The Alternatives 1.5 The Plan Chapter 2: Step 1 -- Money Sense 2.1 The Foundation 2.2 Spend Less than you Earn 2.3 Eliminate Personal Debt 2.4 Deal with Money in the Right Order 2.5 Small Amounts Add up to a Fortune Over Time 2.6 Types of Tax 2.7 What to Avoid 2.8 A New Way to Look at Spending 2.9 Investment Principles 2.10 Key Points Chapter 3: Step 2 -- Own Your House Outright. 3.1 Owning Versus Renting3.2 Own a House, not a Unit or Flat 3.3 Buying your First House 3.4 Own Your House Outright -- Pay off the Mortgage 3.5 Your House as Part of Your Wealth Plan 3.6 Key Points Chapter 4: Step 3 -- Superannuation (part I): How to Use Super 4.1 What is Superannuation? 4.2 Putting Money into Super 4.3 Getting Money Out of Super 4.4 Key Points Chapter 5: Superannuation (part II): Maximising Super Performance 5.1 Maximising Performance 5.2 Tax Advantages of Super for After-tax Contributions 5.3 Self Managed Super Funds 5.4 Lost Super 5.5 Disadvantages of Super. 5.6 Super as Part of Your Wealth Plan5.7 Key Points Chapter 6: Step 4 -- Invest Outside super (part I): Shares 6.1 Share Basics 6.2 Different Ways to Invest in Shares 6.3 Direct Shares 6.4 International Shares 6.5 Summary of Share Strategies 6.6 Borrowing to Invest 6.7 Further Reading 6.8 Key Points Chapter 7: Invest Outside Super (part II): Property 7.1 Residential Property 7.2 Non-residential Property 7.3 Further Reading 7.4 Key Points Chapter 8: Invest Outside Super (part III): Other Asset Classes 8.1 Income Products 8.2 Cash Accounts and Online Brokers for Your Investments. 8.3 Other Investments8.4 Derivatives and Trading 8.5 Further Reading 8.6 Key Points Chapter 9: Step 5 -- Protection in Case Things go Wrong 9.1 Don't Rely on Luck 9.2 Emergency Cash Fund 9.3 Insurances 9.4 Wills 9.5 Entities 9.6 Powers of Attorney 9.7 Key Points Chapter 10: Step 6 -- Do what you Love Doing 10.1 1 Million for Life! 10.2 Do you Really Love Your Job? 10.3 Have a Real Plan for the Rest of Your Life 10.4 Focus on Your Passion, not on the Money 10.5 Case Studies 10.6 What is Your Passion? 10.7 Making the Transition 10.8 Key Points. Chapter 11: Putting it All Together11.1. It's Your Choice 11.2 Seven Levels of Financial Freedom 11.3 Set and Forget 11.4 Who to Turn to for Guidance 11.5. Stay Positive and Take Action References Index.