Simple Money Saving Tips for Everyday Kiwis

Simple Money Saving Tips for Everyday Kiwis

Over the years I have learned about and use many money saving tips that are relevant to living in New Zealand. I want to share these with you! To help you on your journey to becoming financially independent. So here are some money saving tips that will get you off to the right start. Pay insurance annually Insurance is necessary. But remember that insurance if for big unexpected life events- …

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What’s the Difference between Income and Wealth

What's the Difference between Income and Wealth

In personal finance Income and Wealth are two very different things that are weakly correlated with each other. Having a high income does not mean that you are wealthy, and having a low income doesn’t mean you are penniless. In personal finance, wealth is your net worth. That is the value of all our assets minus your liabilities. Assets being things you own, such as your house and shares in …

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Passive Income NZ turns One!

passive income New Zealand turns one year old

Over a year ago, I posted the first post on Passive Income NZ. And to be honest it wasn’t a great post. I started this site to keep myself on track with my financial goals and to learn how to write better. My writing skill has improved greatly. And I am more motivated than ever to achieve my financial goals. And it’s not just my writing skills that have improved. …

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March 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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Compound Interest: Make it work for you!

compound interest. make it work for you new zealand! compound interest is amazing

When I started out learning about finance I was taught the concept of compound interest. I learnt how it works and how to calculate the compound return. Once I understood that I relinquished the concept to the back of my mind. That was nearly a decade ago. It is only now that I have grown wiser that the concept of compound interest really blows my mind. It’s didn’t seem to …

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