All the latest posts from your favourite Kiwi personal finance blogs in one place!
- You need to stop throwing money at a failing business
(5 minute read – failing business) Hi there accounting fans, We’ve all been there before haven’t we. We’ve worked too hard and put too much time into a venture that we just don’t want to let go. This could be a course in uni that you’ve lost interest in. It can also be a hobby … You need to stop throwing money at a failing business Read More » The post You need to stop throwing money at a failing business appeared first on Sam Harith - The Comic Accountant.
- 30 Things to Sell on Etsy To Make Money [2021 Guide]
Whether you want a lucrative side hustle or you’d like to make a full-time income while working from home, finding ... Read more30 Things to Sell on Etsy To Make Money [2021 Guide]
- Tactical sabbaticals
In this article, I reflect on my personal situation. However, I hope my candid thoughts prompt you to reflect on your own situation. For the next couple of months at least, I’m reducing the amount of time I spend blogging. I’ll probably keep posting, but not at the weekly cadence of the past four or five years. Consider The post Tactical sabbaticals appeared first on NZ Wealth & Risk.
- 59. The evolution of a workable financial plan.
I first heard from Andy when he was 29. He emailed with several questions and observations, and the bit that stuck with me most was that he was pretty keen to buy himself a car parking space as an investment. Indeed, he said, “I love the idea of owning a car park in the city”. He thought it was a pretty legitimate investment, plus he thought he might even use it himself one day - if he got a car, that is. I on the other hand thought, “what has the world come to that people can’t afford a house (which is what Andy wanted), and they have to convince themselves that owning a piece of dirt the size of a car is the next best thing”. So, Andy had my attention and for the last 18 months, we swapped a few emails back and forth. He writes for a living, so he writes a good email and through those, I got to see his thoughts evolve and the evolution of a workable financial plan. And to cut through the suspense, I’ll cut to the chase; it does not involve a car park.
- Never be broke with these simple student money hacks
(5 minute read – student money hacks) Hi there accounting fans! Check out these student money hacks! So you are a student. If you’re not, I’m sure you would have been at some point in life. This guide is written for students who are studying in University. This guide is also written from a pretty … Never be broke with these simple student money hacks Read More » The post Never be broke with these simple student money hacks appeared first on Sam Harith - The Comic Accountant.
- ASB, BNZ YouWealth, Kiwi Wealth review – Are managed funds with your bank worth it?
Most of you will be aware of the fact that our major banks - ANZ, ASB, BNZ, Kiwibank, and Westpac - all offer KiwiSaver schemes, managing tens of billions of dollars between them. The banks are a convenient choice given the familiarity and relationships we have with them. I also started my KiwiSaver journey with my old bank Westpac, given I had no clue about other providers back then. These banks also offer non-KiwiSaver funds, where you can invest your money without the restrictions of KiwiSaver. A step up over their term deposit offerings, the funds allow you to invest in a diverse basket of assets including bonds and shares, giving the potential to grow your money faster. So is it worth investing in these managed funds through your bank? Continue Reading...
- High guaranteed returns? 🤮
An investing rule of thumbWhen it comes to investing, I have a personal rule of thumb: If someone offers a high guaranteed return on an investment, I walk in the other direction. Bonds issued by Governments or reputable institutions are okay. But high returns, nearing 10% or more? I start to run. If I don't vomit first. Life The post High guaranteed returns? 🤮 appeared first on NZ Wealth & Risk.
- 58. Leaving the big city for the Good Life
This week I’m sharing the story of a central Hawke’s Bay couple Rach and Becs. They made the bold move to leave both of their families behind and move out of Auckland, headed for Hawke's Bay so they could get ahead both financially and for a better work-life balance. With careers in IT and Health Advisory, whanau and friends warned them of career setbacks but they have happily proved them wrong, both securing dream jobs and higher incomes. I heard from them when they wanted to share their absolute joy at the fact they had become mortgage-free, at the age of just 35.
- We’re taking a publishing break!
Publishing break! Publishing break for The Comic Accountant this week! No clickbait titles, no fancy SEO wording, no meticulously curated articles. I just need to take a quick creative break while we focus on finishing up tax returns and developing the new line of training/consulting offerings over at SH Advisory. So if you’re a regular … We’re taking a publishing break! Read More » The post We’re taking a publishing break! appeared first on Sam Harith - The Comic Accountant.
- 100+ Money Affirmations That Work Fast
By repeating positive phrases on a regular basis, you can create powerful new neural pathways that will allow you to ... Read more100+ Money Affirmations That Work Fast
- 6 ways to build a long-term investment portfolio in New Zealand
The options for New Zealanders to invest their money for the long-term has grown substantially in recent years. More choice is great, but potentially adds to the confusion around what to invest in and how to build a well-rounded and well-diversified long-term investment portfolio. The intention of these portfolios is to buy and hold and/or make regular contributions to each payday, to steadily build your wealth over a minimum of 10 years (rather than a get rich quick scheme) - so having a strategy for your portfolio is important. In this article I'll be sharing six approaches you could use to build such an investment portfolio in New Zealand. None of these strategies are better than one another, but as you'll see, the options can range from being simpler than you think, to being as complex as you want it to be! Continue Reading...
- Relaxation vs Responsibility
- Core values of The Comic Accountant
(2 minute read – core values) Hi there accounting fans! Let’s talk about core values. Core values are the underlying heart of any organisation. It informs every decision that we make as an organisation. Over here at The Comic Accountant, we have three core values that we hold very deeply: Core Value #1: Honesty This … Core values of The Comic Accountant Read More » The post Core values of The Comic Accountant appeared first on Sam Harith - The Comic Accountant.
- DEVIL’S AVOCADO: Reflections on providing advice [this blog in books #6]
Most of the books above are fictional – in the sense that they don’t technically exist (outside of my mind or this blog). Today, I want to share Devil's avocado: On giving advice. When people ask me what I do, I'm often reluctant to say that I'm a "financial planner". I'm just as likely to say I'm The post DEVIL’S AVOCADO: Reflections on providing advice [this blog in books #6] appeared first on NZ Wealth & Risk.
- 27 Best Paid Focus Groups Online in 2021 [Earn $100+/hr]
Inside: Interested in taking part in online focus groups? We have the low-down on how paid focus groups work and ... Read more27 Best Paid Focus Groups Online in 2021 [Earn $100+/hr]
- 71 Free Gift Ideas They’ll Totally Love
Inside: 71 fabulous and totally free gift ideas your recipient will love! The holiday season can be hard on your ... Read more71 Free Gift Ideas They’ll Totally Love
- 57. You can plan not to be broke
Over the years Janet, who is 59, has worked out that other people can be unreliable, so she is better to plan for her own success, instead of relying on others. She is a huge forward thinker and she spends time gently tweaking all aspects of her financial life to gently steer her waka where she wants it to go. She does not earn a lot, just $798 a week, but as she said to me “I guess it’s what you do with it that matters right”? She knows her exact costs and she pays cash for them, then from her take-home pay at any one time she is saving up for a number of things that she has coming up, PLUS she is supporting her daughter through university. You can plan not to be broke and she is pretty keen to share what she has learnt so those walking along beside her can also achieve the financial peace that she has.
- 3 simple worst case scenario plans to keep your business going!
(3 minute read) Worst case scenario plans! Scary! We’re back with the final part of our business continuity plans! Let’s take a look at worst case scenario plans. Otherwise known as ‘scenario planning’. In previous parts, we looked at identifying key processes and then finding out what our essential equipments are. In scenario planning, we … 3 simple worst case scenario plans to keep your business going! Read More » The post 3 simple worst case scenario plans to keep your business going! appeared first on Sam Harith - The Comic Accountant.
- What’s the best short-term investment?
Many of us have money put aside for the short-term. This could be money that you're saving to buy a house, for a wedding, to pay for education, or simply kept as part of an emergency fund. So what's the best place to invest the money that you'll need in a few months or the next couple of years? Continue Reading...
- This is why you need a business continuity plan – part 2!
(2 Minute read) Hi there accounting fans! Welcome to part 2 of the business continuity plan guide! In the previous article, we looked at why you should set up a business continuity plan (BCP). We also discussed how to identify your key products/services and how to do some simple mitigation strategies to ensure that your … This is why you need a business continuity plan – part 2! Read More » The post This is why you need a business continuity plan – part 2! appeared first on Sam Harith - The Comic Accountant.
- HOW TO BE INTERESTING [this blog in books #5]
Most of the books above are fictional – in the sense that they don’t technically exist (outside of my mind or this blog). Today, I want to share How to Be Interesting. I won't confess to being the most interesting person in the world. TBH I'm not usually the most interesting person in the room (depending on The post HOW TO BE INTERESTING [this blog in books #5] appeared first on NZ Wealth & Risk.
- Is comparing yourself to others bad?
I wanted to change the scene of this months post a bit. This blog as I mentioned in my first post is as much a record of our financial independence journey as it is a way to inform people of different ideas, primarily centred around money. As well as getting
- 56. House Rich, Cash Poor
Today I’m introducing you to Fatima. By working hard and being at the right place at the right time, she had managed to buy several properties but there was a tipping point one day when despite the net worth she had built up, she found herself seriously short on cash and having to borrow money from whanau. Fatima is not one to muck around, so after listening to these very podcasts, she decided to implement some change and reintroduce some balance into her life.
- What are you feeding your mind? Hacking your brain like it’s the Facebook algorithm
Humans. We’re complex and unpredictable. Yet deep down we all just want a few basic things – to feel seen, heard, understood. Our minds are so incredibly powerful and yet, the base operating system is … well, pretty basic. It’s at once humbling and amusing to realise this. Your brain basically has a nifty ... The post What are you feeding your mind? Hacking your brain like it’s the Facebook algorithm first appeared on NZ Muse.
- Shares 101 – How to buy shares, which companies to pick, and more
Have you signed up to Sharesies or Hatch but are not sure what you're doing? Or maybe all your friends and family are into investing in shares and you don't know what the fuss about? Or perhaps you simply want to get started in investing in shares and not sure how? If so, that's all good - we're all beginners at some point in our lives. And hopefully this articles serves to help you out. This beginner's guide to shares comprehensively covers all the basics you need to know including what shares are, how you buy them, the fees you need to look out for, how to pick which companies to invest in, and the risks of investing. So grab a nice beverage, find a comfortable spot, and prepare to absorb some really good info! Continue Reading...
- This is why you need a business continuity plan!
(3 Minute read) You need a business continuity plan! Yup, you heard me, get yourself a business continuity plan! In this pandemic ridden world full of uncertainties, small business owners need to have a plan B when plan A fails. This three part guide will look at how to quickly setup a business continuity plan … This is why you need a business continuity plan! Read More » The post This is why you need a business continuity plan! appeared first on Sam Harith - The Comic Accountant.
- Is Sharesies in trouble
Greetings friends and readers,Thanks for being part of our world and being subscribed to the newsletter. We’ve unfortunately been dropped into another lockdown. Luckily we’re a bit better prepared this time. Getting into a good routine is the key I’ve found.Book Club
- Money is the means to an end. It should never be the end.
(3 minute read) Hiya accounting fans! Money is a means to an end. I think most of us can agree with that. But in doing so, we must remember, Money is NOT the end. When I was younger, I used to think success meant having a flash car, a big house, lots of cash to … Money is the means to an end. It should never be the end. Read More » The post Money is the means to an end. It should never be the end. appeared first on Sam Harith - The Comic Accountant.
- HOW TO DECIDE [this blog in books #4]
Most of the books above are fictional – in the sense that they don’t technically exist (outside of my mind or this blog). Today, I want to share How to Decide. Malcolm Gladwell once mentioned that he likes stories that are ostensibly about X, but are really about Y. I've come to realise that although I spend The post HOW TO DECIDE [this blog in books #4] appeared first on NZ Wealth & Risk.
- 10% return too good to be true? Investing with Du Val and Williams Corp
If you use Facebook or Instagram you might have seen some ads promoting a 10% return for investing with property developers like Du Val Group and Williams Corporation. This rate of return is significantly higher than what you can earn by sticking your money in a bank savings account or term deposit, and is even comparable with the long-term average return you can get from shares. So is it worth investing with these housing developers? And what's the catch with such a high return - is it a scam? Read on to find out. Continue Reading...
- 55. Steep Grade Charge Down - Leaving Debt in the Rearview Mirror Forever
I’m starting out this series of six new episodes with a woman that I know pretty well, the reason being that she is one of my sisters! It took a little convincing to get her to appear on my podcast and I’ve changed her name for a bit of anonymity, but the reason I wanted to share her story is that it is an excellent example of steady and consistent attention to detail over a long period of time. As you will soon hear Rachel (48) has had a few downs and ups but it was careful planning and setting of goals that has helped her stick to her teaching career, weather the Christchurch earthquakes and the subsequent insurance battle and, with her now teenage daughter, thrive after a divorce. I was particularly keen to catch her at an important milestone and we spoke on the eve of her last ever mortgage payment.
- Best Cash Envelope Wallet: 20 Stylish Options for Cash Envelope Budgeting
Adopting the cash envelope system can really help you to manage your money in a super simple yet very effective ... Read moreBest Cash Envelope Wallet: 20 Stylish Options for Cash Envelope Budgeting
- Pay yourself with these 3 simple steps
(5 minute read) Hi there accounting fans! Let’s learn how to pay yourself as a business owner! I’ve written about paying yourself in a previous article, but this guide will provide detailed steps on how to do just that! So you’ve just started a business! Congratulations! Welcome to the world of entrepreneurship and/or self employment! … Pay yourself with these 3 simple steps Read More » The post Pay yourself with these 3 simple steps appeared first on Sam Harith - The Comic Accountant.
- WHAT NEXT? Time travel for fun and profit [this blog in books #3]
I recently wrote about taking articles from this blog and collating them into a series of books. Ostensibly, the books above are short works of non-fiction. With the exception of Luck, however, they’re fictional – in the sense that they don’t technically exist (outside of my mind or this blog). Today, I want to share What next? – The post WHAT NEXT? Time travel for fun and profit [this blog in books #3] appeared first on NZ Wealth & Risk.
- NZ COVID support: A quick and simple guide
(3 minute read) Hi there accounting fans! The NZ Government has announced that NZ COVID support will be available soon. This guide will focus on two of the most applicable types of support that is available to businesses owners in Aotearoa NZ: The Wage Subsidy (open on 9am, 20 August 2021) The Resurgence Support Payment … NZ COVID support: A quick and simple guide Read More » The post NZ COVID support: A quick and simple guide appeared first on Sam Harith - The Comic Accountant.
- Smartshares US 500 (USF) vs Vanguard S&P 500 (VOO) – Which ETF is better?
Exchange Traded Funds (ETFs) that invest in the S&P 500 index are a convenient and popular way for Kiwis to get exposure to international shares. The S&P 500 index comprises 500 of the largest companies listed in the United States, including some of the world's most influential and recognisable organisations such as Apple, Microsoft, Tesla, Visa, and Johnson & Johnson. There are two pathways that New Zealanders typically take to invest in S&P 500 ETFs. One route is through the locally domiciled Smartshares US 500 ETF (USF), which you can buy through Smartshares directly, InvestNow, Sharesies, or via a NZX broker. The other path is to go offshore and buy the NYSE listed Vanguard S&P 500 ETF (VOO) through platforms like Sharesies or Hatch. Both Smartshares and Vanguard ETFs aim to track the same index, so which one is better? Continue Reading...
- Working Two Jobs No Days Off – Is it Worth it?
It’s not uncommon for people to work two jobs with no days off today in order to make ends meet. ... Read moreWorking Two Jobs No Days Off – Is it Worth it?
- Is inflation scary?
- WHY? What does “wealth” mean to you? [this blog in books #2]
I recently wrote about taking articles from this blog and collating them into a series of books. Ostensibly, the books above are short works of non-fiction. With the exception of Luck, however, they’re fictional – in the sense that they don’t technically exist (outside of my mind or this blog). Today, I want to share Why? – What The post WHY? What does “wealth” mean to you? [this blog in books #2] appeared first on NZ Wealth & Risk.
- Buying shares in the USA – Sharesies vs Hatch vs Stake
Sharesies, Hatch, and Stake are relative newcomers to the New Zealand investment industry, providing cheap and convenient access for Kiwis to invest in shares listed in the United States of America - a market much greater in size, and with a lot more choice compared with our domestic market, including some of the largest and most famous companies in the world. If you're looking for a platform to buy and sell US shares, then this article is for you! Read on to see a comparison between Sharesies, Hatch, and Stake including how they work, the fees they charge, and other things you may want to consider. Continue Reading...