Smart Money Strategy: Your Ultimate Guide to Financial Planning

COVER
TITLE PAGE
COPYRIGHT
DEDICATION
ACKNOWLEDGEMENTS
ABOUT THE AUTHOR
HOW TO USE THIS BOOK
INTRODUCTION
    Personal financial advice and general advice
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?’
        Figuring out your ‘why’
        Challenging your ‘why’
        Adding a time frame
    CHAPTER 3: Setting Strong Foundations
        Foundation 1: Respect your earnings
        Foundation 2: Pay attention to your spending
        Foundation 3: The cost of money is interest
        Foundation 4: Be realistic
        Foundation 5: Reward yourself
PART II: STRATEGY STACKING
    CHAPTER 4: Understanding the Strategy Stacking Philosophy
        Understand your ‘why’
        Remember the five foundations
        Start with the Basic Stack: Budgeting, where earnings meet spending
        Use a Risk Assessment Strategy
        Stack your strategies appropriately
        Assess, execute, review, refine and repeat
    CHAPTER 5: Strategy Stacking around Significant Life Events
        Redundancy
        Marriage and divorce
        An unexpected windfall
        Trauma and disability
        Stacking for the next generation
    CHAPTER 6: Getting Started: Assessing Your Starting Position
        Know your money truths before you begin
        The Strategy Stacker's Starting Position
        Working out your starting position
    CHAPTER 7: Making a Plan: The Strategy Stacking Calendar
    CHAPTER 8: Strategy Stacking Scenarios
        Strategy stack: ‘I want to save more and buy a house one day’
        Strategy stack: ‘We want to reduce the mortgage and raise our family’
        Strategy stack: ‘We want to retire comfortable and debt-free’
        Strategy stack: ‘We want to retire, but how do we actually do it?’
        A final note on these scenarios
PART III: THE STRATEGIES
    CHAPTER 9: The Framing Strategies
        The Budget Management Strategy
        The Cash Flow Management Strategy
        The Debt Reduction Strategy
        The Risk Assessment Strategy
    CHAPTER 10: The Investment Strategies
        The Diversification Strategy
        The Dollar Cost Averaging Strategy
        The Investment Structure Strategy
        The Asset Allocation Strategy
        The Asset Selection Strategy
        The Investment Selection Strategy
        The Franking Credit Strategy
        The Fee Reduction Strategy
        The Appropriate Tax Strategy
        The Gearing Strategy
    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
        The Retirement Readiness Strategy
        The Transition to Retirement Strategy
        The Retirement Income Vehicles Strategy
        The Retirement Investment Strategies
        The Appropriate Retirement Fees Strategy
        The Appropriate Tax in Retirement Strategy
    CHAPTER 13: The Wealth Protection Strategies
        The Income Protection Strategy
        The Trauma Protection Strategy
        The Total and Permanent Disability Protection Strategy
        The Life Protection Strategy
        The Key Person Protection Strategy
    CHAPTER 14: The Estate Planning Strategies
        The Last Will and Testament Strategy
        The Testamentary Trust Strategy
        The Power of Attorney Strategy
        The Superannuation Nomination Strategy and the Reversionary Pension Strategy
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
        The financial planning process in six steps
        The financial plan: What should it cover?
ENDINGS AND NEW BEGINNINGS
INDEX
END USER LICENSE AGREEMENT