Financial Planning DIY Guide by Henderson, Sam -- Read -- Imperial Library of Trantor

Index

Cover Table of Contents Title Page Chapter 1: Getting started: financial planning essentials

The three fundamentals of financial success The first two steps Key points

Chapter 2: How to increase your income and make the most of your salary

A modest increase can make a BIG difference Five ways to increase your salary Five ways to make the most of your salary Key points

Chapter 3: How to reduce your tax

Investment structures What are the main features of each structure? Key points

Chapter 4: Five key asset classes and portfolio construction

Eight essential attributes of an investment Asset classes Risk assessment Key points

Why invest in property Can you afford property? Property investment costs What is the cash flow position of the property you are about to buy? Who pays for your investment property? (An essential rule of thumb) Property speculation and development Warnings and risks What else do you need to know before you buy? The real secret to property investment - return on equity Ten steps to successful property investment Key points

Chapter 6: How to make real money investing in shares

What are shares? Ways to own shares Risks with shares How to reduce risk Other ways to own shares and leverage into shares Key points

Chapter 7: Superannuation: real tax-effective investing

What is superannuation? Superannuation is confusing Types of superannuation funds Moving from one fund to another: super choice Getting money into superannuation Getting money out of superannuation Key points

Chapter 8: Self managed superannuation funds

Why would you want an SMSF? How popular are SMSFs? How to set up an SMSF The investment strategy Rules for investing in a self managed super fund Who can you turn to for advice? Key points

Chapter 9: Someone else's money and credit

SEM and why borrow to make money Why cash is not an investment Gearing into property Leveraging into shares Managing the risks associated with borrowing money Key points

Chapter 10: Risk management and insurance

How to reduce risk Insurance and risk management The terrible three Tax deductibility of insurance General insurance and health insurance Key points

Chapter 11: Centrelink and social security

The dependency ratio Types of social security assistance Key points

Chapter 12: All you need to know about aged care

Step 1: understanding care options Step 2: understanding upfront fees Step 3: understanding ongoing fees Step 4: selecting suitable accommodation Step 5: managing the Age Pension Key points

Chapter 13: Estate planning: how to protect your family's wealth

Wills Capital gains tax for estates Testamentary trusts Powers of attorney Guardianship - for the young and the elderly Divorce and family provisions Key points

Chapter 14: 12 strategies to instantly boost your wealth

Chapter 15: Your one-page financial plan

Seven steps to successful implementation of your financial plan Step 1: assemble your team Step 2: assemble the data you need Step 3: establish your goals and objectives Step 4: decide on your strategies Step 5: work out your tactics Step 6: implement your plan Step 7: review your progress Key points

Appendix A: Budget planner Appendix B: Your personal risk profile questionnaire Appendix C: Stamp duty rates Appendix D: Land tax rates Appendix E: Five-step aged care checklist worksheet