Cash is a terrific parking spot, but a terrible investment.
Now the jolly fat man tells me that no-one reads books anymore. I don’t know how true that is, but I do know that they make excellent, thought-provoking and, best of all, cost-effective Christmas presents.
If you want to buy a home to live in, don’t stuff around with an investment property.
A few years ago, just after Peter got married, he decided that if he was ever going to get ahead, he needed to “have a crack” at being his own boss.
Today he works 18 hours a day, darting from one store to the other trying to keep things afloat. He’s tired, stressed and fearful about the future for his wife and newborn son.
Banks. They never forget, bless them. They’re more regular than the fat man when it comes to doling out the Christmas credit.
Why not set up a private ancillary fund (PAF), which is a charitable trust? It’s a great way to support causes your family believes in.