The Most Important Thing You Will Ever Learn: Part Two

the most important concept you will ever learn

Now earlier I wrote a post about the most important thing that you will ever learn. If you didn’t read it, I would recommend that you go back and read it. It will make this post make more sense. To really hit home the power of exponential growth let’s look at a simple example.  Think of a game of chess. The game of chess was said to have been invented …

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March 2018 Spending Report

Monthly spending and investment report showing you how my portfolio is going and how it can help you on your journey to financial freedom

My First Spending post! Yah!

I have been tracking my spending for a long time know, but I have never really analysed the data and made any goals to try and improve. Hopefully, these posts will allow me to do that.

So here is March’s spending.

The one thing that is good about the above graph is that nearly 50% of our expenses are the mortgage. Once we have paid that off, we can really ramp up investing and growing our passive income stream. The bad side is that the mortgage won’t be paid off for several years now. And it is time to start re-negotiating the rate.

The Pros

Investing was up

In March I opened a new account with InvestNow and deposited some money to buy some passive funds. This is because my previous managed funds with Rabobank were being migrated there anyway, as Rabobank has moved out of the fund business.

Groceries were down

Our grocery bill was down for the month of March!

Miscellaneous consumption

Miscellaneous consumption, or consumerism as I like to call it, was down for the month of March. That is great. I consciously  

The Cons

Car expenses

Car expenses always surprise me as to how large they are! A whopping 13% of my total expenses. I would be totally owned if Mr Money Mustache has a look into my expenses. Next month my car expenses should go down. There was a lot of driving going on in March and I had to do some yearly maintenance and replace a few failing parts.  

Bank fees

Bank fees are up. I don’t even know what they were until I realized that I had automatically categorized a few speeding tickets into bank fees. I don’t have a category for speeding tickets. It’s not a common occurrence for me to get them, so I will leave them there. There was a lot of driving in March. That could also explain why owning my sofa on wheels had a total expense of 13%.


The goal for April is to bring car spending down and to put that excess into investing.  In April we will also have to negotiate with the bank for a good rate. And if the rate they offer us isn’t what we expect we will go to another bank to see if they want our custom.  I use the mortgage rate page on to get a quick overview of what the current rates are. They have all the banks on there with the exception of ANZ. I think their data feed for ANZ is broken. Overall we are aiming for a low 4% for a 2 year fixed. Let’s hope we can get it

Overall, we were positive for the month!

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The True Cost of Your Consumption

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I like to think of money in terms of the amount of time it takes me to earn. When you need to make a consumption, and I mean need to. I tend not to go shopping for the hell of shopping. I can prove this as I commonly wear clothes that I have had for more than a decade. And only really replacing them when they physically wear out. Firstly, …

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A Story About the Progressive Tax System

Story about progressive tax system, is it fair, what are your thoughts?

Let me tell you a story. This is a story where you and your two mates. Let’s call them  Tom and Jerry. You all grew up in the same town in a similar family. You all have the same IQ, the same skills, and you all had the same opportunities. You are all married and have two children. You all work in the same industry, earning roughly the same amount …

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Grow your Passive income with a Side Hustle

There are many ways to generate Passive Income through a Side Hustle

First off, I just want to share with you a podcast that I have stumbled upon while travelling for work. I am a big podcast listener. I listen to many great shows such as Every little thing, .Future, Science vs, The Smart Passive Income podcast, and many more. My favourite by far has to be Freakonomics Radio. Go check them out if you don’t know about them. Anyway. I found …

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Hello Internet- How are you?

Welcome to Passive Income New Zealand- a journey to financial freedom and early retirement

Welcome to ….. A blog about my journey to Financial Independence and Early Retirement (FIRE)…and other things.

I’m not looking for likes or follows. I just want a place I can write down my thoughts and try to organise my life, to rant about things, and research new ideas about money. A way in which I can try to make my relationship with the internet a little less one-sided.

A place that will keep me honest about my goal of building passive income. It will remind me to stop spending on thriftless things, like big screen tv and playing house. (playing house is a term I use to describe people who desire to have the house in magazines, with all the expensive decor and artwork) Somewhere I can track my progress and hopefully grow my passive income.

So to start off…

I’m a millennial scientist, a self-directed investor, financial freedom enthusiast, and perpetual learner. I am on a disciplined journey to try to save as large a proportion of my income as I can, invest it wisely, and hopefully retire early.

It is here where I want to define what I mean by early. I don’t mean stop work altogether. I mean more about having the choice to stop if I so choose to. Say if my work is no longer bringing me the satisfaction or sense of achievement that I desire. I can simply stop doing it and look for another vocation without all the financial stress associated with being jobless.

After graduating from university, and buying a house, I’m wondering what is next. What do I want to do with my life?

Until this stage of my life, the aims have been relatively clear. Finish high school with good grades so you can get into a good university. Done. Finish university so you can get into a rewarding career. Done. Pay off the student debt. Done. Find a girl, buy a house, and settle down. Done.

Now what?

That is where this blog comes in. I’m going to be using it as a way of making sense of the world. To try to figure out what my goals in life are. To try to stop keeping up with the Jones and become financially free. And ultimately to have an engineered lifestyle, free of financial worries.