Minimising Your largest Expense- Food

Minimisng-your-largest-expense-passive income nz

OK, so you’re doing something wrong if food is your largest expense. It does usually come in at a respectable second. Well at least in our household. And for good reason- we all need food to survive. As the saying goes you only get out what you put in. So you should spend money on good food. And good food is delicious. So how can you minimize this expense? I’m …

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Peer to Peer Lending in NZ- What’s it all about?

Peer to Peer Lending- What's it all about Passive Income New Zealand

Peer-to-peer lending has been around in the USA since 2006. The year Lending Club started up. It took several more years before P2P came to NZ in 2014. We’re always a little bit behind the rest of the world. This means that P2P lending is a relatively new concept, only just 4 years old. As such, many people are still somewhat suspicious or dubious about it. And this suspiciousness can …

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The Most Efficient Use Of Your Money

What is the most efficient use of your money? to invest or to pay down the mortgage

If you have a mortgage it is probably the biggest debt you will ever have.  In the hundreds of thousands of dollars. The amount of money you owe may even scare you. So like me, you are probably paying it off as fast as you can.  And it seems logical. Is it better to pay off the Mortgage as fast as you can? Is this the most efficient use of …

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How Sound is Your Financial Lifestyle?

How sound is your financial lifestyle and financial health?

Before you can start to build up a passive income you need to check that your financial life is in order. If you haven’t got your finances in order- you will be fighting yourself to try and save and invest. It’s not the easiest thing to do! Too often, I hear friends come telling me about different investment options and ideas which seem too good to be true. They have …

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What If You Were The Worst Investor Ever

If you where the worst investor of all time would you still make money- and if you used the cost average technique would you make more money

I like index funds. And the more I analyse historical data, the more I like them.   Currently, I have poured over the data from the NZX-50 from the last 69 years. That includes that data for when it was the NZX-40.   This got me thinking, what if you were the worst investor ever?   So let’s have a look. Let’s imagine that you were the worst investor ever. …

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Astonishingly Easy Approach to Achieve 100% ROI

What if I told you there was an easy way of achieving a 100% return on investment

If you are a kiwi you have the option of making a 115.5% annual return on investment. That is more than the highest ever annual return of the NZX 50. So how can you get that return- more on that later. First, let’s talk about the retirement age. Retirement age Here in NZ, the government says the retirement age is 65. It does not mean that you can retire at …

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Does Investing Make You Anxious

What is the true risk of investing in an index fund? Specifically, investing in the NZX-50?

I think index funds are the number one investment vehicle you can use to gain your financial independence. They provide you with diversification and low fees. They are passive and the whole process can be automated. That is why I recommend you to also invest in Index Funds.  But aren’t they risky? You probably have the same idea as everyone else who is starting out investing. “Can lose all your …

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We Paid $52K in Debt Last Year

We paid $52k of debt last year, and you can to by using one rule, pay yourself first.

In the last financial year, we paid down $46,800 of debt. Plus, my partner paid off her entire student loan- seven years after graduating. That is another $4,800.   I’m proud of that number! I’m not here to brag about it, just to share how we did it.   First, of, we have been fortunate in that we don’t have any other debts.   $52k of debt in one year? …

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9 Money Rules that Guarantee Success

9 simple money rules that will lead you to success

Finance is something that everyone grapples with every day. Yet, like religion and sex, we don’t openly talk about it. Everyone has strong feelings about all three of these topics. But no one wants to discuss it. At least not openly to colleagues or stranger you meet on the street.  Heck, some people don’t even discuss it with their partners. Many people have no idea about personal finance.  We often don’t get any formal …

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Is Your Loyalty Worth $5000?

How I managed to save 5k by changing banks

Loyalty is a virtue! It might seem like it belongs in history. In times of knights in shining armour and “loyal subjects” bowing to kings and queens. But in reality, loyalty will help you.   People grow strong relationships on the back of loyalty. Loyal people recognize the importance of the connections they have fostered. Be it loyalty between friends, your neighbourhood, or even loyalty to your country.   I’m …

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