Bestseller Get Rich Slow
"Get Rich Slow: How to grow your wealth the safe & savvy way" is Mary's 237-page book published by Penguin.
The book was published before KiwiSaver started, but it is about timeless investment principles that will probably always apply.
Most of us lack the nerve to be entrepreneurs, but award-winning finance writer Mary Holm shows how you can get richer - slowly but surely - and still sleep soundly.
All get rich quick ideas involve risk, and often also time, effort and the other key ingredient - luck. For those of us who are happy to settle for less risk, and less work, Get Rich Slow provides an accessible, step-by-step look at how to safely grow wealthier.
You may be grappling with an important financial decision, such as:
- Should I buy a house or continue to rent?
- When should I start to invest, and in what?
- How do I prepare for my retirement?
- Should I buy an investment property or invest in shares?
Some of Mary’s answers may surprise you with another way to look at the issues involved in these decisions.
Get Rich Slow also includes insightful chapters on teaching children the value of money, how our gender affects our investing, good borrowing versus bad borrowing, debt management and many more personal finance issues.
Have a look through the contents below or read before you buy. Enjoy the first and last chapters of Mary Holm's Get Rich Slow in pdf format by clicking here.
Buy Mary Holm's book, Get Rich Slow
Your local bookseller may no longer stock Get Rich Slow, but they can order it for you from Penguin.
Book Reviews
Bestseller: "Get Rich Slow" was New Zealand's top selling finance book in its first weeks on the market. Booksellers New Zealand, www.booksellers.co.nz
"For clarity and a common sense approach, backed by solid research, Holm continues to set a benchmark for financial journalists." Invest Today magazine
"Award-winning newspaper columnist Mary Holm offers no-nonsense advice that certainly won't turn you into a millionaire overnight, but nor will its advice keep you awake worrying whether your money is at risk." North and South
"At last, a book for people who want to safeguard their savings and sleep at night, while still growing their wealth....Mary Holm's obvious experience and knowledge of the pitfalls and poor statistics of get-rich-quick schemes makes comforting reading as she gently explains safe and simply ways to save." Daily Post, Rotorua
"This book gives excellent balanced advice ... The book is well set out, easy to read, and has letters 'From the Mailbox' which give interesting examples of situations to illustrate various points... Altogether, this book is good value for anyone who has decided to save and invest for their future, but doesn't know where to start." Rating 5 stars out of 5. Kathryn Dalglish, on Good Returns website
"This is a book you'll go back to time and again." Hauraki Herald
Contents
PART I: TIME TO GET REAL
Chapter 1 GETTING RICH QUICK?
The impossible dream?
Lotteries, horses & casinos
PART II: LET’S START WITH THE BASICS
Chapter 2 SPENDING WISELY
Great debate: credit cards v. eftpos
Online: card info
Chapter 3 SAVING EASILY
Pay yourself first
Online: calculators
What a difference
Seize the chance
What about inflation?
Mortgage moves
Where to put the savings?
Rainy day dollars
PART III: BORROWING IS NOT NECESSARILY BAD
Chapter 4 BAD BORROWING
Burrowing into borrowing
An expert opinion?
Breaking out of the holiday trap
Chapter 5 GOOD BORROWING – FOR YOUR HOME, RENTAL PROPERTY AND MORE
Getting into gear
What about home ownership?
Interesting deductions
The cheapest loans
From the Mailbox – A good question
Tax breaks not so great
Chapter 6 CHOOSING A MORTGAGE
Great debate: revolving credit v. traditional mortgages
Great debate: fixed v. floating mortgages
Slash those payments?
Chapter 7 REPAYING DEBT
The best ‘investment’?
Great debate: investing v. repaying a mortgage
Just how good is repaying your mortgage?
From the Mailbox – Keep it simple
Chapter 8 OWNING YOUR HOME – A GOOD INVESTMENT?
Great debate: renting v. home ownership
Six tips for tenants
From the Mailbox – What’s so great about owning
your home?
Using that equity
PART IV: YOUR FIRST BIG INVESTMENT DECISION
Chapter 9 YOUR NEEDS; YOUR PERSONALITY
First things first
Balancing act
PART V: SUCCESSFUL INVESTING STRATEGIES
Chapter 10 DIVERSIFY
Scattering the seeds
Where our fairy tale falls down
A dollar each way
One-share wonders
He asked for it
From the Mailbox – Spread out
Chapter 11 GO OFFSHORE
Taking on the world
Great debate: New Zealand v. international shares
Why not offshore?
Great debate: Australian v. international shares
Chapter 12 DON’T BAIL OUT
Hang in there
When you should sell
When you should buy
PART VI: WATCHING THE CLOCK
Chapter 13 WHEN TO INVEST?
The third big question: when?
A tick a tick a tick a tick a timing …
Chapter 14 DON’T CHASE LAST YEAR’S WINNERS
Ignore the rear-view mirror
Why don’t winners stay winners?
If only we knew
Chapter 15 TIME IS MONEY
Ben knew a thing or two
A magic number
PART VII: IT’S ALL IN THE WAY YOU LOOK AT LIFE
Chapter 16 HOW OUR EMOTIONS AFFECT OUR INVESTING
How does it feel?
The roll of coins
Your response to risk
From the Mailbox – You can overdo caution
Chapter 17 HOW OUR GENDER AFFECTS OUR INVESTING
‘His & Hers’ investment styles
Money talk
Great debate: trading v. buy and hold
The ultimate buyer and holder
PART VIII: WEIGHING UP THE OPTIONS
Chapter 18 MAKING INVESTMENT CHOICES
From the Mailbox – Which term deposit?
Great debate: term deposits v. corporate bonds
Ladder to success
The ups and downs of bonds
Great debate: rental property v. shares
Great debate: shares v. share funds
PART IX: KEEPING BAD STUFF AT BAY
Chapter 19 COVERING RISK – WHAT TO INSURE
AND WHAT NOT TO
Life, limbs and livelihood
Watch for inflation
Four insurance tips
Term is tops
Great debate: low v. high insurance excesses
A clever idea
Chapter 20 WATCHING YOUR BACK – THEY’RE OUT TO GET YOU
Investor beware
Online: scam info
Everywhere!
PART X: LIFE STAGES
Chapter 21 TEACHING THE CHILDREN WELL
Kids, cash and cards
Be fair
Online: stuff for kids
When can children do what?
Chapter 22 PLANNING FOR THE BIG R – HOW TO CRUISE INTO RETIREMENT
Moving the goalposts
Three questions about the tables
From the Mailbox – Live it up now
What is an annuity?
Online: information on state sector scheme
From the Mailbox – Time to reduce risk
When to transfer?
PART XI: PUTTING IT ALL TOGETHER
Chapter 23 YOUR ACTION PLAN
 Reviews of Mary's previous book, "Investing Made Simple", also published by Penguin:
"This is a very sane, useful book, full of common-sense advice
expressed in plain English…. Recommended." Heidi Thomson, Dominion
"Anyone who's had to field a call from the plethora of those hawking
financial services of every spectrum will welcome her plain English
explanations of the investment world." Gilbert Wong, NZ Herald
"Holm is not afraid of a good argument and does not shirk from expressing
strong opinions... Like all good journalists, Holm values her independence...
For clarity and a common-sense approach, backed up by solid research, Holm
continues to set a benchmark for her fellow financial journalists."
Anthony Davies, Financial Alert
"A journalist and former business editor with an MBA in finance, she
somehow makes investing seem simple in her easily understood interpretation
of the investment market…. She doesn't expect readers to have an in-depth
knowledge of the market or to know financial jargon or concepts…." Recommended."
Margaret Agnew, The Press
"She is well qualified to comment…. Overall, the book is common sense and one
I wished I had read as a young man… I highly recommend this small book to any
age group." Graeme Cass, Hawkes Bay Today.
You may be able to buy a second-hand copy of Mary's previous book, Investing Made Simple, here.
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