IB BOOKS
Issue No. 37 - October/November 2007
This Month\‘s Book Reviews
by Pamela Brombal
$1 Million for Life – How to make it, manage it, and maximise it
ASHLEY ORMOND
Category: Personal Finance & Investment • Pages: 410 • Price: $34.95
DESCRIPTION
Australia is a nation of spenders and borrowers, with Australian households spending more than $10 billion more than we earn each year. If we spend more than we earn, it is only common sense that the extra money comes from borrowing and eating into our savings. Australians are carrying higher levels of debt, incurring personal bankruptcy and relying on welfare more than ever before.
These days it has become far too easy to spend and to borrow money. We are constantly being bombarded with offers of pre-approved credit cards, personal loans, lines of credit and mortgages. At the same time, however, investing money wisely is a difficult process. It is hard to find simple, low-cost, tax effective investments that can be used to build wealth.
$1 Million for Life teaches readers how to build, manage and maximise a $1 million fund that is within reach of everyday Australians. The step-by-step guide shows how the author, Ashley Ormond, achieved financial freedom and how you can do the same.
This is not a get-rich-quick book – instead it outlines a plan based on sound investment principles, including spending less than you earn, compounding and clearing your debts, and will enable you to save for your future plans.
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