Table of Contents

Introduction v About the author ix Step 1 I wanna be RICH ! 1 Defining rich 3 2 Goal-setting 101 7 Step 2 Creating a budget 3 The starting line 19 4 The three-step no-fail budget 33 Step 3 Saving goals 5 What bank accounts do you need? 49 6 Saving your first $1000 61 7 Term deposits to $5000 67 8 Managed funds to $10 000 77 Step 4 Investing in the big guns: shares and property 9 Getting ready to invest in shares 91 10 Investing for the long term 95 11 Investing for the short term 111 12 Investing in property 135 13 Buying the property 153 Step 5 Keeping your money safe 14 Insurance 173 15 Wills and trusts 185 Conclusion 191 Index 195

About the Author

Tracey Edwards has a degree in arts/journalism from the University of Queensland. She is a full-time investor and has written for Family Circle and Bride To Be . This is her second book.