Should You Pay Down the Mortgage Early or Invest Instead?

Pay-the-mortgage-or-invest

Whether you should pay down your mortgage faster, or invest instead, is one of the longest-running debates in personal finance. What should you do with any extra money that you might have- pay off your mortgage, or invest? There are certainly advantages and disadvantages to both sides. Sure, you can be completely analytical and run the numbers to get an estimate of which is better for you in the long …

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Are Bonus Bonds Any Better than Lotto?

Are bonus bonds better than lotto tickets

Are Bonus bonds better than buying Lotto tickets? Probably… In a previous post, I tried to visualise the odds of winning the Lotto’s Powerball– and how it doesn’t really make sense to buy lotto tickets at all. The odds are so small that almost anything is more likely to happen than you winning Lotto. And yet- I still purchase the odd Lotto ticket now and then- it’s interesting how illogical …

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Lotto- The Odds Are Against You!

Odds of winning lotto powerball it's maths- why you shouldn't play lotto.

I buy lotto tickets- there, I said it. Not all the time, just occasionally. I usually buy them when the jackpot gets really high- like the recent $32 million Powerball- for some reason, I have convinced myself to only buy tickets once the Powerball jackpot goes beyond $20 million. Because you know- anything below 20 million just isn’t worth my time. But why? Only buying tickets when the Powerball is …

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Filing My Foreign Investment Fund Tax Return

Filing My Foreign Investment Fund Tax Return

31 March 2020 marked the end of the financial year for the year 2020 – which also means that in the next few months you will need to file taxes! Luckily, we have an easy tax system in New Zealand. For many people you who are on salaried wages, your tax is automatically done for you through PAYE (pay as you earn). Your employer would have already paid your taxes on …

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Where Should You Invest Your Hard Earned Money?

Where Should You Invest Your Hard Earned Money? advice for New Zealanders, Kiwis, and people from NZ

One of the most asked questions, when it comes to investing, is generally along the vein of “I have X amount of dollars, where should I invest it”. And it’s a hard question to answer with just that much information. There are two other pieces of information that you need to know when deciding where to invest your money. One being, what is your investment time frame- how long are …

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The Intimidating Aspects of Money- Budgeting and Raises

The intimidating aspects of money- budgeting and raises

Generally us humans don’t like intimidating things, and we don’t like things that give us a different answer than we are looking for. It’s typical for us to ignore these things completely. It’s kind of like that for money. If you really look at your finances for the first time it might be intimidating. You might find that you really can’t afford that new car you want, or you might …

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May 2020: Journey to Financial Freedom update

Journey To Financial  Freedom Update

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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