All the latest posts from your favourite Kiwi personal finance blogs in one place!
- 28 Best Money Making Apps in Australia [2021 Edition]
I frequently get emails from people wondering how to make money with your phone, so I put together this list ... Read more28 Best Money Making Apps in Australia [2021 Edition]
- 7 Benefits of Working from Home for Parents
I’ve worked from home for 13 years but it was becoming a parent that really cemented my passion for working ... Read more7 Benefits of Working from Home for Parents
- Build your own KiwiSaver – InvestNow vs SuperLife vs Craigs
Most KiwiSaver providers take a "three sizes fit all" approach in the funds they offer, with investors having to choose from either a "Conservative", "Balanced", or "Growth" fund to invest their retirement (or first home) money in. However, there are a small number of providers who offer increased flexibility by enabling their members to choose specific assets to invest their KiwiSaver money into. In this article I'll be reviewing three KiwiSaver providers - InvestNow, SuperLife, and Craigs Investment Partners - who all enable investors to "build their own" KiwiSaver portfolio out of a wide selection of investment options. What are the options, the fees, and who are these providers suitable for? Continue Reading...
- What is happening with interest deductibility on rental properties in NZ?
A few months ago, the NZ government announced they would be removing interest deductibility from rental income on residential properties here in NZ. This is part of the greater move to bring house prices in NZ under control. This move has caused quite a stir in the property owning community – but we’re not here … What is happening with interest deductibility on rental properties in NZ? Read More » The post What is happening with interest deductibility on rental properties in NZ? appeared first on Sam Harith - The Comic Accountant.
- *Funny Title*
- 3 times insurance totally saved me in the last year
I’ve had a lot of reasons to be thankful for insurance over the past year. When insurance companies come through on claims, it’s so worth it. Getting a new (used) car through insurance Even though it’s a slight downgrade – a slightly older model, where the lights and wipers don’t automatically turn on/off when ... The post 3 times insurance totally saved me in the last year first appeared on NZ Muse.
- Get Paid to Sign Up: 11 Sites That Pay You To Join
Would you be surprised to learn that your time and opinion is so valuable to companies that they’ll pay you ... Read moreGet Paid to Sign Up: 11 Sites That Pay You To Join
- Hawaii on a Budget: 9 Tips to Save Money in Hawaii
There’s something special about Hawaii. Ever since I first visited the Hawaiian Islands in 2011, they’ve been on my must-return ... Read moreHawaii on a Budget: 9 Tips to Save Money in Hawaii
- What’s the difference between Easy Crypto, Binance, Exodus, and more?
Easy Crypto, Binance, Crypto.com, Kiwi-Coin, Exodus, Trust Wallet, Ledger, and Trezor. Whether you've been investing in cryptocurrencies for a while, or you're new, you've probably heard of these popular crypto services. They are all good services, but having so many options can make it difficult and confusing for investors to decide which one to use. But if you dig deeper, they are actually all quite different things, offering unique services and working in different ways. In this article I'll be giving an overview of what each of these services do and offer, as well as giving a brief mention of fees, technical differences, and who they're suitable for. While there's many more cryptocurrency services out there than the ones mentioned here, this article should provide a good starting point in getting your head around some of New Zealand's most popular services. Continue Reading...
- Volatility is inevitable
Every time I work with a client, I make a bald statement of fact: If you invest in growth-oriented investments, there WILL be times when the value of those investments will drop. Sometimes these drops will be significant. If you can’t accept this, then you shouldn’t invest in growth-oriented investments such as shares. The problem, The post Volatility is inevitable appeared first on NZ Wealth & Risk.
- May 2021: Journey to Financial Freedom update
Welcome to Passive Income NZ, my Journey to Financial Independence. Every month I share how I am tracking towards financial freedom by providing you with an update of where my portfolio is at and how far I am from financial freedom, and how my spending is tracking. My definition of financial freedom is not really the same as everyone definition. It’s not to stop working; ... Read More
- Minimalism good or bad - How it impacted our lives
Can you believe we're into the sixth month of the year? Neither can I. The year feels like it is zooming past and before we blink, stores will be rolling out the Christmas decorations. I thought I might try to give you some insight on Minimalism and how
- 7 Sites Like Swagbucks for Making Extra Cash
We’ve all dreamed about bulking up our bank accounts from the comfort of our own home. It may sound too ... Read more7 Sites Like Swagbucks for Making Extra Cash
- Bitcoin is Bananas
- Active investment is great! Just pick the right domain
Investing actively is great! By this, I’m talking about putting your time, energy, talents, knowledge, and expertise into how you invest. On the other hand, investing passively is great, too. It really depends on context. In case you’re new to this blog, you’ll be aware that I’m a big advocate for investing via widely-diversified, low-fee, The post Active investment is great! Just pick the right domain appeared first on NZ Wealth & Risk.
- How to Become a Professional Organizer in 2021
Hi, my name is Jen Obermeier, I’m a professional organizer turned career coach showing others how to become a professional ... Read moreHow to Become a Professional Organizer in 2021
- To the first of many
- Time craters (or: Why I’m saying “no” more often)
I’m sharing a lot about my own situation for illustrative purposes. Read this article and think about how the key messages relate to your own circumstances. Lately, I’ve been far too busy. This is despite my best efforts to plan and be on the front-foot regarding my commitments and obligations. For the last couple The post Time craters (or: Why I’m saying “no” more often) appeared first on NZ Wealth & Risk.
- The Difference Between Cheap and Frugal
I think there is a real difference between being cheap and being frugal. The difference might be small, but it’s there. I don’t mind being called frugal- but I wouldn’t say I like being called cheap. And believe me- I have been called cheap many times. “You can afford it, don’t be so cheap- live a little- just put it on finance” is what people ... Read More
- The way you imagined it may not be the way it actually happens
I recently had a client – let’s call her Ana – bail on a project. This was a real blow. It was an expansion on something we’d done together previously – I was so excited! I even posted publicly about it once we agreed to proceed (and maybe that was the problem…) I was ... The post The way you imagined it may not be the way it actually happens first appeared on NZ Muse.
- Debit Card Keeps Getting Declined? Here’s 12 Reasons Why.
If you’re like most people, then your debit card is quickly becoming your preferred form of payment. A debit card ... Read moreDebit Card Keeps Getting Declined? Here’s 12 Reasons Why.
- You don’t need a “come to Jesus” moment
When I was an earnest young Catholic, I was fascinated with Saul turning into Paul on the road to Damascus. A zealous persecutor of Christians doing a total U-turn and becoming fervent evangelist – now that’s a memorable story. This sort of “come to Jesus” moment fascinates me. There’s something special and archetypal about this The post You don’t need a “come to Jesus” moment appeared first on NZ Wealth & Risk.
- 54. Where are they now? A revisit with Lucas, Callum and Bradie.
For the last episode in this series, I have once again reconnected with a few people that I’ve interviewed before. I like to check in on people and get a feel for the progress and changes they have made and I know you do too. A lot of people ask me, ‘what happened to so and so’? So, I’ve got three revisits for you this time: There is Lucas who was feeling the burden of a $1,200,000 mortgage in Auckland. Callum, the now 26-year-old from Christchurch who has just jumped boots and all into housing and gone from zero houses to five in just three short years. And Bradie and her husband Paul who climbed their way out of a tonne of mortgage debt and are now investing hard out for their futures.
- 18 Recession Proof Jobs That’ll Give You Job Security
In this blog post, we will discuss recession-proof jobs that are great for people who are looking for long-term secure ... Read more18 Recession Proof Jobs That’ll Give You Job Security
- Investing tips for beginners. How you can get started today!
I thought in today's post I would bring things back to a practical level. Now that I have #madeit (Just kidding) I want to show people how they can start their own investing journeys with minimal effort. See investing as a beginner shouldn't have to be
- How to make better decisions
Earlier this year, my wife and I had to make the difficult decision to put down one of our cats. His name was Ta’ke (Tucky). We loved him. He came into our life at a special time of our life. Ta’ke and his sister, Puku, were our “practice babies” before we actually had children. He lived The post How to make better decisions appeared first on NZ Wealth & Risk.
- 53. On a flight path to financial independence.
When Julian and Sophie met in 1999 they each had a car, a very small amount in savings and no debt. Just 21 ‘short’ years later they have an approximate net worth of $1,500,000. So, how did they do it? Their current wealth is the combination of good budgeting, steady investing into retirement accounts, timely house purchases and aggressive debt repayments meaning they are now in a position for Julian to reduce to part-time work so he can spend more time with their two young children.
- Ibotta Referral Code June 2021: Get a $20 Ibotta Welcome Bonus
If you’re searching for an Ibotta referral code, you’ve probably heard about how awesome Ibotta is and you’re keen for ... Read moreIbotta Referral Code June 2021: Get a $20 Ibotta Welcome Bonus
- How Much Does RV Travel Cost? One Family’s Full-Time RV Budget
One of my life-long dreams is to travel across the USA in an RV. Needless to say, I’m super excited ... Read moreHow Much Does RV Travel Cost? One Family’s Full-Time RV Budget
- Parenting is like writing (painful, prolonged, precious)
<Unsplash> Turns out, parenting is a lot like writing. It’s a process. A painful, sucky, tedious process. It’s showing up, over and over again. Winning some moments. Failing in others. Sometimes you’ll hate it, in the day-to-day grind. In the midst of the dreary, repetitive, mind-numbing lows. Feel compelled to start screaming and never stop. It’s ... The post Parenting is like writing (painful, prolonged, precious) first appeared on NZ Muse.
- What is the bright-line test?
Some time last month, the government has come up with a raft of policy changes designed to cool our overheating property market. One of the tools they have proposed is to double the term required for the bright-line test from 5 years to 10 years. Bright line test? What’s that?? I hear you say! So … What is the bright-line test? Read More » The post What is the bright-line test? appeared first on Sam Harith - The Comic Accountant.
- Prices don’t matter! 4 things to know about share prices (part 1)
Shares represent a unit of ownership in a company, and thanks to sharemarkets like the NZX, everyday people can buy and sell shares in publicly listed companies. One of the first things you'll probably notice about these companies trading on the market is their price. So how is this price determined, and what makes the price go up and down? This is part 1 of a beginners guide to share prices, which will answer these questions and more! Continue Reading...
- 52. I don’t want a student debt hangover!
In today’s podcast, 26-year-old Bella shares the realities of student loan debt in New Zealand and how you can meander your way into debt, but it’s far harder to meander your way out again. She explains how the pressure of taking on student loans from the age of just 18 can quickly add up to $85,000 of student loan debt and how people are so wrong when they say that interest-free student loan debt just does not matter. Because it does. It matters a whole lot.
- Sharesies’ new fee structure – How will the changes affect you?
Sharesies are making big changes to their fee structure starting from 29 April 2021, saying goodbye to their subscription fees, while welcoming transaction fees on NZX listed ETFs. This article breaks down these changes and looks at how they might impact you. Continue Reading...
- Don’t be a bad ass(umer)
There’s a saying that if you assume something, you run the risk of making an “ass” of “u” and “me”. Ie: ASS = U + ME The reality, however, is that we all make assumptions, all the time. On this basis, we’re all ASSes. The question is: are you a bad ASS? When we plan for the long-term future, we assume The post Don’t be a bad ass(umer) appeared first on NZ Wealth & Risk.
- 51. Family first, live within your means, always have an emergency fund.
Aria and her husband Dave didn’t grow up with much so once they got together they knew they didn’t want to live paycheque to paycheque like many of their friends and whanau. In their mid-forties they have now reached a point where they can work part-time and afford to be generous with both their time and their money to help out others, all the while taking care of their immediate family. When asked what financial independence means to them they said it means “we don’t have to worry about money” and that is a sentiment that they want for everyone. Such a great couple with so much to share.
- How to sell Bitcoin in New Zealand
Cryptocurrency has become an increasingly prevalent asset class, and while it has become easier for New Zealanders to buy Bitcoin since I wrote the article How to buy Bitcoin in New Zealand, the same can't be said for selling Bitcoin. There are relatively few services which allow you to exchange Bitcoin or other cryptocurrencies to New Zealand Dollars. This article covers two ways you can sell your Bitcoin - selling through an exchange/broker, or spending it. Even if you're not planning to sell your crypto anytime soon, or if you haven't invested yet, this article is still for you - as it's important to consider how you might exit an investment well before you're intending to do so. Continue Reading...
- The housing package
The Government announced its new housing package on 23 March. In doing so, they used some political capital. The following meme is apt:Any significant change that might impact residential housing prices was going to trigger a fight. The changes announced? Definitely. Below are some of my comments about the package, not to mention the commentary surrounding it, The post The housing package appeared first on NZ Wealth & Risk.
- 50. An investor with military precision!
I first heard from Hamish when he sent me an email in late 2020 telling me that back in 2018, at the age of just 24 he had saved up and bought a $379,00 house in Palmerston North with a big deposit of $125,000. Apparently, that’s meant to be impossible in this day and age? Hence, no surprises I was pretty keen to hear more from Hamish about the how and the why of this. The short answer from him was he achieved it by planning and deliberate effort. He said that too many people fail to plan for something that they want - but they still expect it to happen. Not so with him.
- How we invested 6 figures in 2 years
That might go down in history as my most clickbait title ever. Well, it is not. We sold our home recently and were lucky enough to have made a little money after putting in quite a bit of work. So this post will detail exactly the timelines involved, and how