Managing a Debt Problem

How to manage a debt problem

Before you read on, I want to make you aware of a few key points; There are many free services in New Zealand and other countries to help you deal with debt- more about that later. Debt problems only get worse if you don’t address them. If you are hiding your debt from your family, you know it’s a problem. Never borrow more to get out of debt, unless you …

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The Cost of Your 2-ton, Dinosaur Exploding, Transportation Machine

The Cost of Your 2-ton, Dinosaur Exploding, Transportation Machine. Car ownership costs

The general advice to anyone starting to optimism their life is to cut out spending money on coffee and other daily expenses that are not providing true value to their life. I’ve said it multiple times. But in reality, you should start by optimizing the big expenses first. And the two biggest expenses in your life are housing and transportation- if you own a car. To that end, I am …

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Income and Wealth of the Average New Zealander: How do you compare?

Money

Every now and then I like to go to Statistics NZ to see what data has been released. Recently I found out that they had released some statistics about household net worth statistics, and income and housing costs for 2018. Here’s a summary of what I found; The median net worth of New Zealand households was $340,000 in 2018, up from $298,000 in 2015 The top 20% of households hold …

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January 2019 Journey to Financial Freedom update

Monthly Spending and Income Reports Passive Income New Zealand

Welcome to Passive Income NZ, my Journey to Financial Independence. Every month I share how I am tracking towards financial freedom by providing you with an update of where my portfolio is at and how far I am from financial freedom, and how my spending is tracking. My definition of financial freedom is not really the same as everyone definition. It’s not to just stop working, it is much more …

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