Book description
Be your own financial planner and create a winning strategy to achieve your money goals
Do you want to learn and apply the strategies that experts use to grow and protect wealth? In Smart Money Strategy, popular financial planner Luke Smith comprehensively reveals the principles, methods and tactics that real financial planners use with their clients. Every person’s—and every family’s—financial journey is different. There’s no silver bullet or one-size-fits-all approach. But there are financial strategies that can be applied, no matter what stage you’re at in life, to get your money working harder for you with less stress.
Smart Money Strategy will help you to define your priorities and create a personalised, actionable plan to achieve your goals. You’ll learn effective strategies to manage your income, reduce your debts, and maximise your investment, superannuation and retirement outcomes. Even better, you’ll learn how different strategies can be stacked together for maximum benefit. In other words, you’ll learn how you can stack the financial odds in your favour!
You’ll discover:
- The basics: 5 truths about money and the 5 foundations you need to get started
- The actual strategies used by financial planners when it comes to cash flow, risk assessment, investing, protecting wealth, retirement, and estate planning
- How smart planning can minimise fees and taxes on your investments
- How to combine your money strategies and put together your own detailed financial plan
From adopting a money mindset to protecting your assets, with Smart Money Strategy you’ll uncover the secrets to achieving your financial goals. Whether you want a hands-on DIY approach, or you’re looking for the essentials you need to talk more confidently with your own financial planner, this book will help you create a tailored plan for growing your wealth.
Table of contents
- COVER
- TITLE PAGE
- COPYRIGHT
- DEDICATION
- ACKNOWLEDGEMENTS
- ABOUT THE AUTHOR
- HOW TO USE THIS BOOK
- INTRODUCTION
-
PART I: THE FOUNDATIONS
-
CHAPTER 1: Five Truths about Money
- Truth 1: Your education doesn't prepare you for your adult financial life
- Truth 2: Your parents probably didn't prepare you for your adult financial life
- Truth 3: Most people plan for a tax deduction, not a lifestyle
- Truth 4: Nothing's going to change if you don't change
- Truth 5: To change, you need to equip yourself — and that's where this book comes in
- CHAPTER 2: Your Adult Financial Life Starts and Ends with ‘Why?’
- CHAPTER 3: Setting Strong Foundations
-
CHAPTER 1: Five Truths about Money
- PART II: STRATEGY STACKING
-
PART III: THE STRATEGIES
- CHAPTER 9: The Framing Strategies
- CHAPTER 10: The Investment Strategies
-
CHAPTER 11: The Superannuation Strategies
- The Super Vehicle Strategy
- The Consolidation Strategy
- The Contribution Strategies
- The Contribution Catch-up Strategy
- The Super Splitting Strategy
- The Spouse Contribution Strategy
- The Government Co-contribution Strategy
- The Re-contribution Strategy
- The Appropriate Super Fees Strategy
- The Appropriate Tax in Super Strategy
- The Downsizing Contribution Strategy
- The Super Investment Strategies
- CHAPTER 12: The Retirement Strategies
- CHAPTER 13: The Wealth Protection Strategies
- CHAPTER 14: The Estate Planning Strategies
-
PART IV: PUTTING YOUR FINANCIAL PLAN INTO ACTION
-
CHAPTER 15: Why Seek Personal Financial Advice?
- You don't know what you don't know
- Things change — you'll never keep up with the latest options
- Asking family and friends for financial advice is a risky idea
- Trying to go it alone is just too difficult
- Advice is not just for the ultra-rich
- You've got goals you want to achieve
- You don't want financial stress
- You're looking for a better way to manage your money
- You're facing a redundancy
- You want certainty when you retire
- You've had an unexpected windfall
- You've gone as far as you can by yourself
- It's all too complicated!
- You think you're paying too much tax
- You want to stack strategies in your favour for a better life
- CHAPTER 16: What to Expect from the Financial Planning Process
-
CHAPTER 15: Why Seek Personal Financial Advice?
- ENDINGS AND NEW BEGINNINGS
- INDEX
- END USER LICENSE AGREEMENT
Product information
- Title: Smart Money Strategy
- Author(s):
- Release date: March 2023
- Publisher(s): Wiley
- ISBN: 9781394176946
You might also like
book
Wealth Management
This book empowers individuals with practical knowledge to manage their financial wealth from their first job …
book
Explaining Money & Banking
Turn Crisis Into Cash Money matters got a lot scarier in 2020 and there is no …
book
Overcoming Debt, Achieving Financial Freedom
Transform your financial situation with easy-to-follow advice from a first-generation professional In Overcoming Debt, Achieving Financial …
book
The Little Book of Investing Like the Pros
As you have probably noticed, there are quite a few investing books out there. Many of …