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: Man who has made $3 million from shares; How much risk for a 53-year-old?; How good is advice from banks?
Borrowing tricky between family or friends. A quote recently caught my eye. “The easiest way to teach children the value of money is to borrow some from them,” it said. But that applies not only to children. Adults, it seems, take much more notice when someone has borrowed from them than when someone has lent to them.
Kids, cash and cards: Help your children learn about money. Also in this issue: From the Mailbox — Saving for the children’s future.
Q&As: 2 on how families should be taxed; Should middle-income families get child care support?
Q&As: 5 on how different types if families should be taxed; Many readers sent submissions to the government on proposed changes on taxation of international shares; Am I a National Party supporter?
Q&As: Should single people get tax breaks too?; Several Q&As on proposed tax changes on international shares; How you can sell your home via a website; What are our tax rates?
Q&As: Where should a 13-year-old put his regular savings?; Extra repayments on a fixed mortgage.
Q&As: Tips for a 12-year-old on how to save; A revolving credit mortgage might be just the thing; One way to spot a leaky home.
Investor beware!: How to spot a rip-off or scam. Also in this issue: From the Mailbox — Plans for single mother of 41.