Get Your Personal Finances Sorted in Five Stages

Get your personal finance sorted in 5 stages

It takes time to get your personal finances sorted. And often you don’t know where to start. And the thing is that no one can really show you how you should sort your personal finance, after all, personal finance is exactly that- Personal. However, there are several key stages in personal finance that you do need to get sorted. These are the stages that I have gone through to get …

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Net Worth- How Do You Calculate It? And is it Worth Tracking?

Net Worth how do you calculate it and is it worth tracking

It’s common to hear about the net worth of billionaires and famous people. Forbes calculates a list of the richest people in the world every year. Take the top 5 in 2019’s list; Jeff Bezos– $113.0 billion Bill Gates– $107.1 billion Bernard Arnault– $106.6 billion Warren Buffet -$86.9 billion Mark Zuckerberg– $74.9 billion Those 5 people nearly have $500 billion between them. That’s about 5 times what the New Zealand …

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What is AfterPay? and should you use it?

afterpay- should you use it or avoid it- is it better than a credit card

If you’ve been shopping online recently you may have noticed something different when you go to pay. 6 new words below the buy now button. “or 4 easy payments with afterpay”. What do these six words mean, and should you use them? I’m not sure how long afterpay has been around. And I didn’t know much about it. To be honest- I have generally ignored them if I’d purchased something …

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How to Get Rich by Driving a Cheap Car

buying a cheap car can make you rich in New ZealandHow to Get Rich by Driving a Cheap Car

In the last few weeks, I’ve read a few posts about how much you should spend on a car. Specifically- the question goes like this- how much should I spend on a car given that my net-worth is x. Personally- I think this is an illogical question, more about that later Optimise your Car, Optimise your Life Lets go back to the basics on how to optimising your life. The …

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Debt Elimination Plan: Snowball or Avalanche

Make a debt elimination plan. do you use the snow ball method or avalanche method

If you don’t have debt, you need to recognize that you one of the fortunate few. Our whole society relies on fast credit and “buy now, pay later” loans to operate. It seems normal for everyone to be in some sort of debt. And once people stop taking on debt, often economies can be plunged into recession due to less spending. The New Zealand and Australian economies are currently at …

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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 Inner Workings of a Mortgage- What you weren’t Taught at School

What I was never taught in school about personal finance and mortgages

The schooling system in New Zealand is great, but the one thing it doesn’t tech (at least when I attended) is personal finance. When I finished I knew more about ancient Greece than I did about mortgages and how they work. Sure, I get why learning history is important, but wouldn’t it be better if the schooling system taught more about money and personal finance? Or just other useful day …

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6 Money Pits to Avoid in Your Thirties

Six money pits you should avoid in your thirties

I’m nearing in my thirties, and I know that generally, you’re thirties are the most expensive years of your life. So instead of spending on what is considered socially normal in the next decade, I’ve come up with a list of 6 money pits that I’m going to avoid like the plague. You see, once you hit your thirties you might find yourself with some extra cash. The days of …

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Get Rid of Your Debt ASAP!

Get Rid of Your Debt ASAP!

Let’s be blunt if you have debt you need to pay it off as fast as possible! A little debt, a lot of debt. It doesn’t matter, pay it off!. Maybe your debt’s even gotten to the stage that it has become crippling. There is a way out for everyone with debt. All you need to do is put together a debt elimination plan. And stick to it! The personal …

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Will You Be Happier If You Work Till You Die?

Will You Be Happier If You Work Till You Die?

Lately, this Suze Orman character, someone I’ve never heard of, started telling people they will be happier if they work till they die.  Not exactly in those words, but close enough. She does not think the average person can achieve FIRE. And to be honest, the normal person can’t if they were to live like her. Take her opinion on how much you would need to retire “You need at …

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