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What separates "The Money Bible" from other books about wealth creation is the "Whole of Life" approach taken in regard to achieving success.
For example, what is the point of achieving financial security if at the end of it all your personal relationships have fallen apart, or your health has deteriorated to an extent that you are unable to enjoy the wealth that you have worked so hard to create.
The book covers the educational shortfall that we believe exists within our educational system. It is written in simple language, is easy to understand, and takes the reader through a step by step planning process so that their financial and life goals can be clearly identified and a plan to achieve the desired outcomes is developed, implemented and constantly monitored.
-Determining Your Vision
-Developing a Mission Statement
-Deciding Your Strategies
-Planning Your SMART Goals
-Implementing Your Plan
-Reviewing and Evaluating Your Progress
-Budgeting for Income
-Budgeting for Expenditure
-Preparing a Profit and Loss Statement
-Preparing a Balance Sheet
-Developing Good Work Habits
-Believing in Yourself
-The Secret of Self Confidence
-Believing Positive
-How to Develop and Improve Your Positive Mental Attitude
-The Individual
-The Partnership
-The Company (Private)
-The Company (Public)
-The Family Trust (Discretionary)
-The Unit Trust
-The Superannuation Fund
-Investing During Periods of Low and High Inflation
-Planning for Success
-The Inflationary Time Clock
-The 12 Golden Rules of Investing
-The 12 Vows of Success
-Borrowing Against Life Assurance Policies
-Investing in Real Estate
-Investing in Cash
-Investing in Stock and Shares
-Investing in Paintings, Coins, Stamps & Other Collectables
-Borrowing for Negative Gearing
-Borrowing to Purchase a Private Residence
-Beware of Credit Cards
-Mortgage Offset Accounts
-Income Splitting
-Using Credit Cards Effectively
-Asset Splitting
-Borrowing for Investments
-Borrowing for Motor Vehicles
-Aged Pension Eligibility
-Income Test
-Asset Test
-Deeming Requirements
-Aged Pension Amounts
-Pensioner Concession Card
-Structuring your Affairs to Receive a Pension
-Superannuation
-Salary Packaging
-Eligible Termination Payments
-Reasonable Benefits Limit
-Deferred Annuity
-Allocated Pension
-Annuity Pension
-Redundancy Payments
A suggested model for future taxation in Australia
The book was first published in 1998 (prior to the introduction of GST), and therefore the working examples outlined throughout the book are based on the income tax scales that applied at that particular time. These will be updated when a revised edition of the book is printed.
The feedback received from the thousands who have read the book so far have been outstanding, with many readers passing on the book to their children and friends to read.
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