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How to Give Your Kids $1Million Each!: (And It Won't Cost You a Cent)

How to Give Your Kids $1Million Each!: (And It Won't Cost You a Cent)

Ashley Ormond

ISBN: 978-1-742-16881-4

Sep 2011

400 pages

Select type: E-Book

$22.99

Description

This book appeals to every parents desire to provide wealth and security for their children, taking a simple, fun, low-risk approach. Ashley Ormond outlines a very simple plan for parents not only to build wealth for their kids but also to help teach them about money - how it works, how to manage it and how to make it grow. In a nutshell the plan is: $1.00 per day + 1 hour per month = financial security for life. If parents start on the plan when the child is born, put a dollar a day into an investment fund, invest in growth assets and reinvest all the earnings, the fund will grow to $1,000,000 when the child is 50 years old. As soon as your kids are old enough, you are encouraged to get them involved in their very own savings plan. The book comes with a money box that your children can cut out and piece together and start filling up! Sydney author, Ashley Ormond, has spent 25 years in the finance industry - 15 years in major banks and 10 years as a private consultant. He is a semi-retired 40-something and as well as embarking on a career as an author he sits on various boards. Ashley draws on his personal experience in developing the plan for his own two kids and his many years in the finance industry giving people financial solutions that actually work.

Preface ix

Part I — On your marks

1 Giving your kids $1 million each 3

Part II — Get ready

2 Finding $1 per day 25

Part III — Get set

3 Getting started 55

4 Investment basics 95

Part IV — Go!

5 Company shares 147

6 Property investments 213

7 How the fund grows over time 239

8 Handing the plan over to the kids 253

9 Where to fi nd out more 277

Glossary of terms 285

Index 289