-
- Aaron, case study in compound growth 152
- ABS (Australian Bureau of Statistics), Australian National Health Survey (2017–2018) on mental illness x–xi
- accountants, finding 132
- accounting studies, author's 16
- accounts, opening at two banks 65
- adult, cost of being 52
- affordability of property in COVID-19 pandemic 149–150
- annual bills, paying 58–59
- anxiety
- – about money 40
- – as biggest mental health challenge xi
- ANZ Bank, loan to study at Bond University from 18
- Apple, as example of compound growth 117
- Atomic Habits, James Clear 142
- Australian Financial Review, picking three numbers from 26
- Australian Institute of Health and Welfare, report on people not seeking help for mental illness (2014) xi
- author's father
- – business dealings of 44–46
- – indebtedness as employee 47–48
- author's first property 77, 99–103
- author's parents, values of land and property purchased by 87–88
- automatic funds transfers 65–68
- average vs median house prices 79
-
- bad debt vs good debt 52–53, 91–92
- bank accounts, opening at different banks 65
- bank fees 93
- bankers, finding 131
- bankruptcy
- – of author's father 48
- – of author's mother 46–47
- banks, lending limits of 163–164
- The Barefoot Investor, Scott Pape 53–54, 78–79
- Behind the Arches, John F. Love 85–86
- Ben, case study in cash flow 120
- Berkshire Hathaway, as example of compound growth 117
- betting, by author's father 44
- Big Kev 45
- The Biggest Bluff, Maria Konnikova xii
- Black Monday stock-market crash (1987) 144–145
- block of land, cost of 83–84
- body corporate fees 165
- Bond University, loan from ANZ Bank to study at 18
- brand new properties, buying 111
- Breaking the Habit of Being Yourself, Dr Joe Dispenza 39–40, 142
- budgets, reverse-engineering 57–61
-
- cardiovascular exercise, daily habit of 137–138
- cash flow
- – case study in 120
- – defining 105–107
- – managing 107–111
- – protecting 111
- – risk in 130
- CBA (Commonwealth Bank of Australia), report on Australian spending (2018) x, 53
- Clason, George, The Richest Man in Babylon (1926) 53–54, 57, 68, 140–141
- Clear, James, Atomic Habits 142
- ‘climbing a mountain’ analogy 129–130
- compound growth
- – case study in 152
- – importance of 73, 117
- compound growth (interest) 116–118
- – over time 124–126
- – and property 118–120
- contactless payments, traps with 59
- control of finances, getting vs keeping 66
- conveyancing costs 93
- corporate law, as career 15
- Covey, Stephen R., The 7 Habits of Highly Effective People 142
- COVID-19 pandemic 143–144
- credit card debt 17, 46
- crises
- – lessons from 150–151
- – prior to 2020 144–146
- cyclical nature of property markets 88
-
- deadlines, need for 39
- debt, servicing 163
- depreciating cost of new home 112
- depreciation, as tax deduction 112–113
- depression, link with indebtedness xi
- direct debits 64
- discretionary spending, curbing 60
- Dispenza, Dr Joe, Breaking the Habit of Being Yourself 39–40, 142
- dwelling prices vs house prices 79–80
-
- EBM (insurer) 162
- education debts, repaying 51–53
- 80 per cent borrowing, effect on equity of 124
- equity
- – case studies in power of 114, 127
- – effect of borrowing 80 per cent on 124
- – effect of borrowing 90 per cent on 122–123
- everday bank accounts 65
-
- Farmer, Ron and Suwanti, and Toogoolawa School 22, 36
- father's business dealings 44–46
- father's indebtedness, as employee 47–48
- FEAR acronym 100
- FEE-HELP debt 16, 51–53
- finance clause, in property contract 101
- financial independence, investing for 69–72
- financially successful people, meeting 27–28
- first home buyers, case study 103–104
- First Home Owners Grant (FHOG) 98
- first hour of the day, habit of 137
- first property, author's 77, 99–103
- first step, taking 152, 153
- Fitzgerald, John L.
- – 7 Steps to Wealth xii, 23, 82
- – author's uncle 19–22
- – working with 25–30
- funds, automatic transfers of 65–66
- future bank account 65
-
- gambling, by author's father 44
- Global Financial Crisis (GFC) (2009) 145–146, 147
- good debt
- – using 92–93
- – vs bad debt 52–53, 91–92
- government grants 97–99
- gratitude and humility, habit of 138–139
- growth, interrelationship with cash flow 105–107
-
- habits 135–142
- Hershon, Michael (mentor to John Fitzgerald) 35–36
- holding costs, of property 106, 164–165
- HomeBuilder grant 98–99
- house, buying first 77
- house prices
- – average vs median 79
- – not correlated with unemployment rates 146
- – vs dwelling prices 79–80
- housing affordability, in COVID-19 pandemic 149–150
- Housing Expenditure Measure 163
- housing supply, in COVID-19 pandemic 149
- humility, practising 36
- humility and gratitude, habit of 138–139
-
- ICE (in case of emergency) bank account 65
- income insurance 158
- income vs rent ratio 159
- inflation, effect on interest rates and rents 159–160
- inflation rate 81
- insurance costs 165
- insuring income 158
- interest rates
- – in COVID-19 pandemic 150
- – increase with inflation 159–160
- investing
- – for financial independence 69–72
- – savings 54–55
- – as team sport 133
- – three principles of 73
- investment property, case study on buying 61–62
-
- Jake and Lucy, case study in power of equity 114
- JLF Corporation Pty Ltd, launch of 21, 23
- job stability, risks in 157–158
- Jobs, Steve 39
-
- Kiyosaki, Robert, Rich Dad, Poor Dad (1997) 52
- Konnikova, Maria, The Biggest Bluff xii
-
- land
- – buying 85
- – cost of block of 83–84
- landlord protection insurance policies 162
- later life, buying investment properties in 133
- leading, habit of 140–141
- legal aid lawyer, Leon as 33
- legal studies at Bond University 15
- lender's mortgage insurance (LMI) 61, 94–97
- Leon (friend of John Fitzgerald) 33
- leverage 91, 95
- like-minded people, spending time with 140
- liquidity in COVID-19 pandemic 147–148
- loans, principal and interest 160
- location of properties, effect on price of 81–82
- logistics, in COVID-19 pandemic 146–147
- Love, John F., Behind the Arches 85–86
- LVR (loan-to-value ratio) 94
-
- maintenance costs 165
- median house prices in capital cities over 40 years 80, 84–85
- median vs average house prices 79
- Melbourne property returns over 114 years 79
- mentors, finding 74, 131
- mind mapping 40–41
- mindset, importance of 28–29
- MLC National Australia Bank, 2016 data on living payday to payday x, 53
- money, anxiety about 40
- mortgage brokers, finding 131
- mortgage insurance, lender's 61, 94–97
-
- national debt 152
- ‘need’ versus ‘want’ 35, 55–56
- negative gearing 112–114, 164
- new properties, buying 111
- 90 per cent borrowing, effect on equity of 122–123
-
- offset accounts 163–164
- older people, case study in investment by 133
- one-off bills 58–59
- other people's money
- – cost of using 92–93
- – using 91–92
-
- pain killers, father's addiction to 48–49
- Pape, Scott, The Barefoot Investor 53–54, 78–79
- parents, values of land and property purchased by 87–88
- paying yourself first 54
- pets, and tenants/renters 159
- Phil and Tenielle, case study on increasing savings 103–104
- population growth
- – in Australia 83
- – in COVID-19 pandemic 149
- positive habits, building 142
- principal and interest loans 160
- principal place of residence (PPR) 98
- principles of investing 73
- properties, buying new 111
- property
- – affordability in COVID-19 pandemic 149–150
- – and compound growth 118–120
- – damage to 162
- – holding costs of 106, 164–165
- – tenants leaving suddenly 162
- property investing, case study 152
- property management fees 165
- property managers
- – duties 162
- – finding 131–132
- property markets
- – in COVID-19 pandemic 148–149
- – cyclical nature of 88
- property values, past as guide to future 160–161
- Property Weekly Update magazine 21
- purchase costs 92–93
- purpose, having a 39
-
- Rachel, case study in using equity 127
- rates, council and other 165
- reading, habit of 140–141
- real estate, as property 78
- ‘recession we had to have’ (1990) 145
- rent vs income ratio 159
- rental guarantees 159
- rental income protection insurance policies 162
- rental increases 110
- rental property buying, case study 114
- rental returns, factoring in 82
- renters, finding 158–159
- rents, increase with inflation 159–160
- return on investment (ROI) 95–97
- – house and land 109–111
- – land only 107–108
- Rich Dad, Poor Dad, Robert Kiyosaki (1997) 52
- The Richest Man in Babylon, George S. Clason (1926) 53–54, 57, 70, 140–141
- risk, managing 28
- ‘Rule of 72’ 81
- Ryan and Nadine, case study in property investment later in life 133
-
- Salt, Bernard, on population growth (2020) 83
- Sarah, case study in starting early 61–62
- savings
- – case study on increasing 103–105
- – investing 54–55
- self, paying first 54
- September 11 terrorist attacks (2001) 145
- The 7 Habits of Highly Effective People, Stephen R. Covey 142
- 7 Steps to Wealth, John L. Fitzgerald xii, 23, 82
- share market, in COVID-19 pandemic 148
- size of properties, effect on price of 81–82
- sleep, habit of 138
- sleeping pills, father's addiction to 48–49
- Sportsco franchise 11, 44
- stamp duty 93
- starting early, case study in 61–62
- stress, personal finance as biggest cause of x
- subscription businesses, and direct debit 64
-
- tap and go payments, traps with 59, 63
- tax refunds, case studies in 120, 127
- tenants, finding 158–159
- Terri Scheer (insurer) 162
- time, compound growth over 124–126
- time frame
- – for financial independence 71
- – need for 39
- timing, in COVID-19 pandemic 147
- Toogoolawa School 22, 36, 139
- townhouses, as property 79–80
- truth in numbers 78–84
- turning off, habit of 141
-
- Uncle John see Fitzgerald, John L.
- unemployment rates, not correlated with house prices 146
- units, as property 79–80
- University of Southampton, study linking depression with debt (2013) xi
-
- visualising, habit of 139–140
-
- waking up early, habit of 136
- ‘want’ versus ‘need’ 35, 55–56
- ‘What do you want?’ question 31–33, 35
- ‘why’
- – author's definition of 36–40
- – defining your xiii, 38
- – John Fitzgerald's 34–36
- work experience 22
- working smart, not hard 69–74
- working smart 109
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