Dave Ramsey’s Investing Advice

Dave Ramsey's Investing Advice

I’ve always liked Dave Ramsey’s advice. The 7 baby steps have definitely helped many millions of people. They are simple, understandable, and achievable. If you haven’t come across Dave Ramsey’s 7 baby steps, here they are; Save $1,000 for you starter emergency fund Pay off all debt (except the house) using the debt snowball Save 3-6 months of expenses in a fully-funded emergency fund Invest 15% of your household income …

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Are we Evolutionary Hard wired to consume?

Are we evolutionary hardwired to consume?

When I look around at nature- it’s hard to miss the fact that everything is competing for resources. Take all plants, they are hardwired to compete for and consume resources. Plants and trees try to grow the fastest or grow the tallest to secure access to the main resource they need- light. That got me thinking- are we humans genetically or evolutionarily hard-wired to consume resources and compete with each …

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Do Fees Really Matter When it comes to Investing?

Do Fees Really Matter When it comes to Investing?

Sometimes I keep beating the same drum. Do fees matter when it comes to your investments? I’ve previously talked about how funds with higher fees eat into your returns over time- but today- let’s look at whether or not higher fee funds produce better returns. Higher fee Higher Return It’s easy to think if your new to investing that higher fees will give you higher returns. I thought exactly that …

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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 …

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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 the Most out of your Travel Money

How to save money on currency exchange while traveling

Do you like to travel? We tend to travel abroad every few years to experience new cultures and visit amazing natural wonders. And I normally travel to Australia to attend conferences or training courses every year. I know, travel is counterproductive towards our goal of becoming financially independent. You might say that travel is our spending vice. Even though spending money on travel will increase the time it will take …

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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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How Long Does It Take To Switch Your kiwisaver

How Long Does It Take To Switch Your KiwiSaver

Now some of you might already know that I decided, back in August, that it was time to move my KiwiSaver fund away from the big bank and high fees and switch to a low fee provider. I decided this after looking into a few low fee KiwiSaver providers and decided Superlife was for me. I like to be hands-on with my investments, Superlife allows me to do that. I …

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Tracking Your Share Investments with Sharesight

Tracking Your Share Investments with Sharesight

I’ve recently discovered Sharesight– although it has been around for over ten years now. So what is Sharesight? It’s a New Zealand company which gives investors an insight into how their share investment portfolio is performing in real-time. I’ve always thought that there should be a better way of tracking my share performance every month. An alternative to googling “Genisis Energy Share price” every month. And now I’ve found it. …

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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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