Date/Time: Thursday 29 May, 6:00pm
Venue: To be decided
Fee: Nothing but your sense of humour!
Book: 'Kochie's Guide to Keeping It Real'
http://www.murdochbooks.com.au/kochie.htm
Frugal Tip: Brisbane Council Library has 18 copies of this book! Book online for 55 cents to have it delivered to your local library...
http://elibcat.library.brisbane.qld.gov.au/uhtbin/webcat/?cpMaskURL&mask=libcatalogue
Sunday, April 27, 2008
April Bookclub - Report
Cafe 21 at the Casino in town was the setting for our successful April bookclub. Some new people came along and much talking was done about credit cards, mortgages and shares over a two hour session!
"From $0 to Rich" was given the thumbs up and all agreed that author Tracey Edwards gave some very positive and helpful tips. I liked the idea of firstly saving toward a $1000 goal, and then turning that into a $5000 goal for mutual funds.
Some of the members agreed that mutual funds are the way to go if you are too "time-poor" to study the share market in detail. That said, taking time to learn the basics of shares is not a bad idea. The Australian Stock Exchange website (asx.com.au) has numerous 15 minute online classes that are good for those with short concentration spans (hello!).
Aside from buying property, listed property trusts (even carparks) also came up as an investment option.
We learnt that credit cards can also be used to accrue points - particularly during campaign offers for new cards. One trick is to use it once (even for buying a magazine) and then cancel it before the annual fee is due! One member pointed out that we should probably be more assertive about reducing or even getting rid of annual fees by ringing up our credit card companies and mentioning that we are considering taking our business elsewhere.
"From $0 to Rich" was given the thumbs up and all agreed that author Tracey Edwards gave some very positive and helpful tips. I liked the idea of firstly saving toward a $1000 goal, and then turning that into a $5000 goal for mutual funds.
Some of the members agreed that mutual funds are the way to go if you are too "time-poor" to study the share market in detail. That said, taking time to learn the basics of shares is not a bad idea. The Australian Stock Exchange website (asx.com.au) has numerous 15 minute online classes that are good for those with short concentration spans (hello!).
Aside from buying property, listed property trusts (even carparks) also came up as an investment option.
We learnt that credit cards can also be used to accrue points - particularly during campaign offers for new cards. One trick is to use it once (even for buying a magazine) and then cancel it before the annual fee is due! One member pointed out that we should probably be more assertive about reducing or even getting rid of annual fees by ringing up our credit card companies and mentioning that we are considering taking our business elsewhere.
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