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 …

Read MoreGet Your Personal Finances Sorted in Five Stages

AMP NZ Share index fund vs SmartShares NZ Top 50: Fee Update

AMP NZ Share Index Fund Vs SmartShares NZ Top 50

A little over two years ago AMP Capital NZ introduced three new low-cost index fund for Kiwi investors. They were the; NZ Shares Index Fund with a management fee at 0.33% and Buy/Sell spread of 0.10% All Country Global Shares Index Fund with management fee at 0.38% and a Buy/Sell spread 0.15% Hedged Global Fixed Interest Index Fund with a managed fee at 0.39% and a Buy/Sell spread 0.10% The …

Read MoreAMP NZ Share index fund vs SmartShares NZ Top 50: Fee Update

Can You Tell Me, Should I be Investing?

Can you tell me- should I be investing?

So-how about it, can you tell me, should I be investing? Yes- absolutely you should be investing… Good simple question… …actually it’s a terrible question. It’s really an oversimplify question. And one that everyone seems to have, and that the internet seems to be able to answer with a resounding yes. The question, Can You Tell Me, Should I be Investing, creates a false dichotomy. There is much more nuanced …

Read MoreCan You Tell Me, Should I be Investing?

My Favourite Kiwi Money and Personal Finance Podcasts

My favourite NZ personal finance and money podcasts

Everyone might find themselves with a lot of time on their hands currently. So why not spend some time learning. I love learning. I ‘m a life-long learner. Ever since I can remember, I loved learning about things and ideas. I continued to learn as I grew. I went to university and then post-graduate degree, followed on with a 4-year registrar position That’s an extra 9 years of study after …

Read MoreMy Favourite Kiwi Money and Personal Finance Podcasts

A lesson Learnt: Emergency Funds and Risk Tolerance

A Lesson Learnt in Emergency Fund -And Risk Tolerance

There are some things in life that you can only truly learn through experience. Right now, what the world is teaching us (at least in terms of personal finance, there are many other lessons being taught too) is just how important it is to figure out our risk tolerance- and the need to have an emergency fund. It’s not that you can’t learn about risk tolerance and the need for …

Read MoreA lesson Learnt: Emergency Funds and Risk Tolerance

Is Your Credit Score Important In New Zealand

Is you credit score important in New Zealand- and how do you get access to it?

The idea of the importance of your credit score has been growing in New Zealand. Credit scores are big in the US- and if you are in the US- your credit score seems to be important judging on the many posts about how to improve your credit score. But- is your credit score important in NZ? or is it just being pushed by the three big credit score agencies? Does …

Read MoreIs Your Credit Score Important In New Zealand

10 Steps Needed to Achieve Financial independence in NZ

10 Steps Needed to Achieve Financial independence in NZ

If you’re like me then you have a dream to become financially independent- it’s an admirable goal. But why do so few people actually become financially independent in New Zealand? Financial independence doesn’t happen overnight- and that’s where the problem lies. It takes a detailed plan and years of willingness to commit to the plan before you will financially become financially independent in New Zealand and any other country around …

Read More10 Steps Needed to Achieve Financial independence in NZ

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 …

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

End of Year wrap up and Personal Finance Checklist

End Of 2019 Wrap Up And Personal Finance Checklist

2019 is coming to an end. And what a year it has been. I managed to sort out my Kiwisaver by switching to a lower fee option- granted it’s not the lowest option out there, but I like the customisation that Superlife gives me. I did manage to take my time making this decision and ultimately I was overwhelmed by which choice is the best. Talk about information overload. In …

Read MoreEnd of Year wrap up and Personal Finance Checklist

Financial Advisers: Do you need one and how can they help you?

Financial advisors- do we need them? or do they cost too much in fees

Do you need a financial adviser? Do you need a financial adviser? or to put it another way- can you get more value from a financial adviser than they charge? Every day the FIRE community is promoting the lowest cost index fund investment for a number of reasons. One of which is that you will avoid paying extra in fees- does this mean that they also advocate avoiding not using …

Read MoreFinancial Advisers: Do you need one and how can they help you?