Passive Income NZ’s blog posts about every everything personal finance. Including how and what to invest in, how to budget and track your spending, where to generate passive income, and general tips on how to save money.
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 …
Read MoreThe Intimidating Aspects of Money- Budgeting and Raises
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 …
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 …
Read MoreAMP NZ Share index fund vs SmartShares NZ Top 50: Fee Update
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. …
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 …
Read MoreMy Favourite Kiwi Money and Personal Finance Podcasts
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 …
Read MoreA lesson Learnt: Emergency Funds and Risk Tolerance
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 …
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 …
Read More10 Steps Needed to Achieve Financial independence in NZ
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 …
Read MoreNet Worth- How Do You Calculate It? And is it Worth Tracking?
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. …