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: Lessons from the Bible: Is borrowing bad?; Is luck or attitude the secret to wealth?; Sharebrokers shouldn’t always be expected to give ongoing advice.
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.
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: When to declare share trading profits; What to do if travel agent charges more for using a credit card; Different Visa rules in Australia, and how Visa operates.
Q&As: When does tax on capital gains apply to share investors?; When can share investors deduct newspapers and investment reports?; Are shops allowed to charge more if you use a Visa card?; The role of luck in house price rises.
Q&As: Paying extra for using a credit card; Distortions when considering how good an investment your home is; First home buyers should probably wait.
Time is Money: A basic principle that helps you understand investing. Also in this issue: Great Debate — Revolving credit v traditional mortgages.