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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Are We Overdue for Another Recession?

Are We overdue for another recession?

Are we overdue for another recession? Who knows, and should you care? Now, I know I’m not qualified to write about, or speculate about when the next recession will hit, or what will be the likely cause of the next recession. I don’t think there are many people who are qualified to speculate- But I’ve done some reading. Just like at the beginning of 2018, there have been a number …

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The Cost Of Housing: to Rent, or to Buy- Regional Data

The cost of housing in New Zealand- Regional Data

One of the cornerstones of managing money is to focus on the big three. The three areas in your life that you spend the most money on. They are housing, transport, and food. If you optimise these three aspects you of your life, you can really speed up your journey towards financial independence. Note I deliberately didn’t say you need to save or cut spending on these three aspects- you …

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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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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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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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The Shockingly Simple Maths – Simulations

The Shockingly Simple Maths – Anecdotal Evidence

Last week I said that the what started my journey to financial freedom was reading the post the shockingly simple maths behind retiring early from Mr Money Mustache. When I read that somehow everything seemed to click for me. It all just boils down to your savings rate. However, lately, I have been reading some post stating that in reality, it’s not as simple as what Mr MMM lays out. …

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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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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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The Time I Nearly Impulse Purchased a TV

What I learnt when I nearly impulse purchased a tv. Finical mistakes Passive Income New Zealand

Earlier this year during Easter I found myself in an electronics store browsing the TV’s and appliances. I didn’t go to the store to buy anything in particular, rather it was just another Saturday morning. Walking back to the car after enjoying a Saturday brunch session at our local. Yes, even though I go on about how you should cook meals at home, I do go out for the occasional …

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