Excerpt from Get Rich Slow. This is the final week in which we are running excerpts from Mary Holm’s bestselling book, “Get Rich Slow: How to grow your wealth the safe and savvy way.” Mary’s regular Q&A column will resume next week.
Q&As: Some options for a whinging woman who can’t afford a home; Is wealthy couple wise to do it themselves when it comes to their investments?; Reader who dislikes “that word” boycotts Toyota; Getting mean over medians and averages.
What we don’t know CAN hurt us. One of the first things journalists are taught is to make the first sentence of an article a “grabber”, something that will perhaps surprise readers and make them read on. So this column is officially starting now: Every New Zealander over 65 gets NZ Super, no matter how rich they are.
Q&As: A landlord’s nightmare; Credit cards v eftpos; Optimism, pessismism and oil prices.
Q&As: Eftpos v credit cards. And bank fees; The investment outlook is gloomy, so save!; Wealth doesn’t make you happy.
Q&As: Is compounding interest over-rated?; Credit cards v eftpos; How long is long-term? Returns on different assets.
Q&As: Man who has made $3 million from shares; How much risk for a 53-year-old?; How good is advice from banks?
Q&As: Shares v term deposits — it depends how much time you have; Short-of-cash millionaires should try to renegotiate their mortgage; When is a 2% penalty not 2%?
Q&As: Should man, 53, go with bank and seminar rental recommendation?; Young couple ponder buying share of family farm; Should Mary answer all readers’ letters?
Q&As: Who gets the money when mortgage rates increase?; 2 Q&As on whether the tax rate on second jobs is fair.