Get Unstuck: Stop Stressing about Money and Get Ahead Faster

Cover
Title Page
Copyright Page
Contents
About the author
Acknowledgements
Preface
Introduction
	The importance of education
	The three money areas you HAVE to get right
	Ideas without action are meaningless
Section 1 Structure
	Chapter 1 Don’t think yourself poor
		We’re all time-poor
		Stick to the defaults
		We give in to temptation
			The power of barriers
		Decision fatigue (willpower depletion)
	Chapter 2 It pays to tame your brain
		Urgent vs important
			Urgent and important
			Urgent and not important
			Important and not urgent
			Not important and not urgent
			How to make this work for you
			Procrastination in practice
			Make the important things happen
		Settle for ‘good’ now rather than ‘the best’ in the distant future
		Overconfidence
		The illusion of knowledge
	Chapter 3 Why you don’t have a six-pack
		Find a single source of truth
		Keep it simple
		Apply your common sense
		Use a Financial Adviser or Coach
	Chapter 4 Why you suck at saving
		Myth #1 ‘Figuring this out is easy’
		Myth #2 ‘You have to count every dollar’
		Unfortunately, the odds are against you
			Brain Hack #1 — Create small barriers
			Brain Hack #2 — Your willpower is a limited resource
			Brain Hack #3 — Stick to ‘Defaults’
		Long story short — you need a system
		How to save MORE and spend BETTER
			Step 1. Sort your day-to-day spending
			Step 2. Choose year-on-year results
			Step 3. Automate your banking
			Step 4. Make your savings work
		The benefits of this savings system
Section 2 Strategy
	Chapter 5 You can’t have it all
		No such thing as a ‘good’ choice
	Chapter 6 Know your knowns and unknowns
		The biggest hidden risk most people overlook
	Chapter 7 Saving sucks
		Goals give you something to aim for
		Goal setting gives motivation
		What makes goals good
			Specific
			Achievable
			Actionable
			Accountable
		Once you have goals, you can build an action plan
		Practical steps for money goal setting
	Chapter 8 WTF is financial advice?
		So what’s stopping you?
		Going it alone is hard
		The benefits of professional advice
			A solid framework to make smart choices
			Balancing money and personal goals
			Saving you time
			Pushing you forward
			Giving you confidence
		Roadblocks to getting good financial advice
			Cost vs benefits of advice
			Being time-poor
			Being unclear on the results you’ll achieve
		How to choose a great adviser
			They have a robust planning process
			They work with people like you
			They help you understand the ‘why’
			They manage conflicts of interest
			They have a process with a result focus
Section 3 Solutions
	Chapter 9 Death and taxes
		Tax hacks to save you stacks
			You only get one tax scale
			Tax impacts all investments
		What you can do to (legally) cut your tax bill
			Know what you can claim
			Get a good tax adviser
			Tax-smart investing
			Borrow to invest
			Make extra superannuation contributions
			Start a business
			A note on tax structures
			Get tax-smart
		Sweet, sweet cash-ola
			Cash is king
			Cash also sucks
	Chapter 10 Don’t shoot the lights out
		Survivorship bias
		How much risk do you need?
		Investment timing: volatility
		Diversification
			What is a managed fund?
		Active vs passive investing
			Active investing
			Passive investing
			Indices
			Pros and cons of active vs passive investing (hint: both have risks)
	Chapter 11 The house always wins (or does it?)
		What makes property good
			Shares vs property
		What makes property bad
			Entry and exit costs are high
			Mortgage payments will put a dent in your spending
			You need to choose the right asset
			So what can you do?
		How to buy property like a pro
		How to create a cracking property strategy
			How to structure your purchase
			How much to spend and how much to borrow
			How to structure your mortgage
			Risk Management
			Understand your entry point
		Choosing the right property
			How supply and demand impact property values
			What returns do you need?
		The future of property
	Chapter 12 Don’t be old and poor
		Important things aren’t urgent unless they’re neglected
		What sort of future life do you want?
		Super fund tax
			Tax on investment income
			Tax on contributions to super
		How to live like a rockstar in the future
		How to choose a super fund
			The right type of fund
			Investments that align with your strategy
			Value-for-money fees
		Key super mistakes
			Automatic insurance cover
			Consolidating is important
			Don’t be over-conservative
		Types of super funds
			Industry super funds
			Retail super funds
			Corporate funds
			Self-managed superannuation funds (SMSF)
	Chapter 13 Reality, roadblocks and results
		Step 1 — Results
			What specific results do you want?
			Structure
			Strategy
			Solutions
		Step 2 — Reality
		Step 3 — Roadblocks
		Making it happen
			Set a timeline to take action
Take action with confidence
What’s the next step?
Bibliography
EULA