Noel Whittaker - The Beginner’s Guide to Wealth - 4ed Edition

Other bestsellers by Noel Whittaker:

Making Money Made Simple

More Money with Noel Whittaker

Living Well in Retirement

GOLDEN RULES OF WEALTH

CONTROLLING YOUR CREDIT CARDS

SUPERANNUATION MADE SIMPLE

SHARES MADE SIMPLE

LOANS MADE SIMPLE

DRIVING SMALL BUSINESS

BORROWING TO INVEST

MONEY TIPS

SUPERANNUATION MADE EASY

WINNING PROPERTY TAX STRATEGIES

AGED CARE. WHO CARES?

25 Years of Whitt & Wisdom

Retirement Living Handbook

Downsizing Made Simple

Other bestsellers by James Whittaker:

Think and Grow Rich: The Legacy

THE BEGINNERS GUIDE TO WEALTH

First published in Australia in 2010.
This edition published in 2020 by Noel Whittaker Holdings Pty Ltd.

Copyright Noel Whittaker Holdings Pty Ltd

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of the publisher.

ISBN 978-0-6488614-5-4 (epub - ebook)

Cover design by Sharon Felschow

Cartoons by Paul Lennon

Typeset in Australia by dta studio, Brendale, Queensland, 4500

10 9 8 7 6 5 4 3 2 1

I nternational bestselling author, finance and investment expert, radio broadcaster, newspaper columnist and public speaker, Noel Whittaker is one of the worlds foremost authorities on personal finance.

Noel reaches over seven million readers each week through his columns in major Australian newspapers in Sydney, Melbourne, Perth and Brisbane. He is a contributor to magazines and websites, and appears on radio and television.

Noel is one of Australias most successful authors, with 22 bestselling books achieving worldwide sales of more than two million copies.

His book, Making Money Made Simple , set Australian sales records across the country and was named in The 100 Most Influential Books of the Twentieth Century.

For 30 years, Noel was a Director of Whittaker Macnaught, one of Australias leading financial advisory companies, with more than two billion dollars under management. He relinquished all interests in that business in 2007.

In 2003, he was awarded the Australian Centenary Medal in recognition of his services to the financial services industry and in 2011 he was made a Member of the Order of Australia for service to the community in raising awareness of personal finance.

Noel is now an Adjunct Professor and Executive-in-Residence with the Queensland University of Technology and is a member of the Australian Securities and Investment Commission (ASIC) consumer liaison committee.

He is in high demand as a motivational speaker and has addressed packed audiences in Australia and throughout the world. Noel has used his experiences to form much of the content of this book, working with his son James to provide a unique perspective on the challenges and opportunities facing young Australians.

James Whittaker enjoyed a successful 10-year career in financial planning, before starting his own entrepreneurial journey. Today, James has launched companies and products across a range of industries including health, marketing, film, activewear, and publishing.

He is in demand internationally as a keynote speaker and is a frequent guest in media, having appeared on 300+ radio, podcast, and television shows, and in globally recognised publications such as Entrepreneur, Money, and Success Magazine .

James is a two-time bestselling author, with his second book Think and Grow Rich: The Legacy released in 2018 as the official companion to the multi-million-dollar film based on Napoleon Hills timeless classic. James is also a proud co-executive producer of the film. His third book Andrew Carnegies Mental Dynamite was released in 2020.

In addition, James is host of Win the Day with James Whittaker , a podcast designed to help people take ownership of their financial, physical, and mental health. He is also the co-founder / CEO of We Are Podcast, a global events and consulting business that helps professionals and entrepreneurs find their voice, build their tribe, and make an impact.

Through his tailored keynotes, bestselling books, and leadership programs, James has helped hundreds of individuals and companies reach new heights of accountability, happiness, and success. Aside from his own experience, James shares lessons garnered from his interviews with more than 100 of the worlds most accomplished business leaders, cultural icons, and athletes, to reveal what is possible for those who dream big, follow the right plan, and win the day.

Above all, he hopes to instil the important fundamental truth that each day, if we do not make the decision to win, we have automatically made the decision to lose.

S ince its release in 1987 Making Money Made Simple has become recognised as the standard work for people who wish to learn the principles of saving and investing money. Seldom a day passes that I dont receive at least one letter or email telling me how that book has changed somebodys life.

I became used to comments of Why dont they teach this in schools? or I wish I had read this when I was young but gradually I began to realise that young people had a special need a book written especially for them to show them where to start. After all, you have to learn to make money before you can manage it.

The resolve to write such a book strengthened when I was at a 21st birthday party for the daughter of a friend. During the evening I started chatting with a group of bright young people the kind of men and women you would expect to be our future leaders. To my amazement they feared the future, were scared at the prospect of trying to find a job and were concerned about their ability to handle the challenges that life will undoubtedly present to them. I left thinking If these people feel like this, what must the others be going through?

Soon afterwards, in unrelated incidents, two couples who were clients of our company suffered the trauma of having a teenage child commit suicide. There was no warning or obvious reason, in either case.

A teenage suicide is a tragic waste of an important life and these incidents reinforced my belief that many of our young people are experiencing feelings of confusion and inadequacy as they try to cope with the challenges of a new era dominated by technology and a drive for efficiency at all costs. While these feelings are understandable, it is true that every generation has had its difficulties and the techniques for personal growth and achievement that have worked before will continue to work now.

The aim of this book is to show you how to approach the challenges that lie ahead and to guide you into a success pattern instead of a failure pattern. The road to success can be tough, but those who are prepared will find there are boundless opportunities waiting to be taken. As the great inventor Thomas Edison said, If we did all the things we are capable of doing we would literally astound ourselves. The recipe for wealth is quite simple: you just need to be earning more than you are spending so you have money left over to invest. Once you can do that, its only a matter of investing the surplus wisely. This book will show you how to improve your skills to increase your income and then explain simple strategies to make your money work for you.

I am delighted that my son James has co-authored this book with me. He brings a young persons insight to the book that I could not achieve on my own.

Our wish for you is that you will approach the future with confidence instead of fear and that you will astound yourself at what you find you can do. The future of our world depends on it.