Fast Money E-Book

Vanessa Rowsthorn

• Herausgeber: John Wiley & Sons
• Kategorie: Fachliteratur
• Sprache: Englisch

Seitenzahl: 91

Veröffentlichungsjahr: 2013

Beschreibung

Do your finances control you? Frustrate you? Limit you? Well take control of your money today and get more of what you want from life. Expert author, moneygirl.com.au understands why money is different for women and guides you through the financial maze to set yourself up for investment success. Fast Money: Makeover Your Money for Women is a jargon-free, practical guide that will get you started on your journey to financial freedom, fast!

Leseprobe

Makeover Your Money For Women®

Table of Contents

Introduction

Chapter 1: Setting your goals

Your relationship with money: taking a look at yourself in the mirror

It’s time to air your dirty laundry

Money myths: 10 thoughts to banish forever

Setting goals: working out what you want to achieve

Setting your goals

Taking ownership: committing to making it happen

Chapter 2: Getting out of debt and to ground zero

Where are you starting from? Working out your net worth

Good debt versus bad debt: understanding the difference

HECS-HELP: to pay or not to pay?

Getting out of bad debt: budgeting and other tricks

Where do you start?

Consolidating credit card debt

How are you going to pay off your debt?

Sneaky savings

Creating a budget

The more you earn, the more you’re likely to spend

Seeking professional help to get out of debt

Credit: making it work for you from now on

Chapter 3: Moving forward — saving is a girl’s best friend

Meet your new best friends: compound interest and paying yourself first

Compound interest

Paying yourself first

Transaction accounts, savings accounts and term deposits

Step one to savings glory: save for emergencies

Where should you invest your emergency savings?

Step two: start saving towards your long-term and super-long-term goals

Where should you invest your long-term and super-long-term savings?

Step three: save for your short-term and medium-term goals

Where should you invest your short-term and medium-term savings?

Tax talk

Remember: always ask for help if you need it

Chapter 4: Becoming an investor

Building wealth over the long term: making your money work for you

Why can’t you just leave all your money in a bank account?

Investment strategies

Tax talk

The big picture: understanding risk and the economy

How the economy affects you

Key indicators: things to watch out for

Trends: it’s all just a little bit of history repeating

Types of investments: the lowdown on asset classes

Cash

Fixed interest

Property

Shares

Risk versus return

The golden rule: don’t put all your eggs in one basket

Allocating your assets

Remember, you’re not alone

Five top tips: how to invest for success

Further Reading

Introduction

So here’s where your money makeover starts.

Before you do anything else, you’ll need to get your current financial situation sorted out — you can’t become a successful investor until you have a true picture of where you stand financially and a good understanding of where you want to go.

We’ll cover everything you’ll need to know in order to put yourself in the best position possible to start investing. And while things like setting goals and putting together a savings plan can sound all too much like hard work, you should never underestimate how important they are in swinging financial fortune in your favour.