March 2019 Journey to Financial Freedom update

Monthly Spending and Income Reports Passive Income New Zealand

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 just stop …

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The Tax Working Group and the Current New Zealand Tax System

The Tax Working Group and the Current New Zealand Tax System

The Tax working group came back with their report last month. And the national media went crazy. Everyone was speculating about what impact a capital gain tax would have on ordinary people. It all reads doom and gloom for some, while others are championing the ideas. The terms of reference of the tax working group were to determine if our tax system was efficient, fair …

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February 2019 Journey to Financial Freedom update

Monthly Spending and Income Reports Passive Income New Zealand

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 just stop …

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End of year wrap up

End of year wrap up 2018 for NZ personal finance blog Passive Income NZ

We’re racing towards the end of 2018. So I thought I would sit down and do an end of year look into our finances. I’ve never done that before. Normally, I stick to doing monthly financial reports. But since I have been serious this year and started to record my progress in blog form I thought I would take a yearly look. I’ve nearly been …

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Why Do We Fantasize About The End of the World?

The end of the world is near. Are you prepared?

Every day, there seems to be another prediction on when and how the world will end. Maybe it will be destroyed by asteroids, or mankind will release numerous nuclear weapons and initiate the dreaded mutually assured destruction.  A zombie virus might break out, or global warming destroys the planets ability to sustain life.  The blood moon may signal the second coming of Christ.  Ronald Weinland …

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Why do we FIRE

What are the motivations for you to become financial independent and retire early?

Everyone has different motivations behind why they want to become financially independent and retire early. Working towards financial independence is an admiral goal. And one of the first steps is to really know why you are doing it. Knowing why you want to become financially independent will help motivate you. Help you stick the course. Help you realise there is another way to live your …

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Are We Drowning in Mortgage and Consumer Debt?

Are we drowning in mortgage and consumer debt Passive Income NZ

Household debt-to-income ratio The world revolves around money. And New Zealand, people can’t get enough of the cheap cash on offer from banks. I mean cheap compared to historic interest rates, borrowing is inherently more expensive than paying with cash outright. The level of debt carried by New Zealand households has surpassed the levels of the global financial disaster of 2008. And it keeps growing. …

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The amount of consumer debt advertising in NZ is Shocking

Is there too much consumer debt? is there too much consumer debt advertising

Last night I watched an American Movie to unwind after reading about some of New Zealand’s financial horrors. Mainly, the level of consumer debt in this country.  New Zealand is now surpassing the level of consumer debt at the time of the global financial crisis. Consumer debt now sits at 168% of household debt to income. The problem with watching movies on free to air …

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Learn How To Investing In The Share Market With Index funds

Investing

It’s a common thought that investing in the share market is reserved for rich people, who spend their weekend on yachts and drive nice cars. Many people think it is out of reach, and often too daunting to us regular car driving people. But, there is a way to invest in the share market available to most people, and it’s not as daunting as you …

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Why I Chose to Sell my House Privately

Selling your house privately and save thousands

The real estate agent told me they gave me a good deal—a commission rate of “only”  3.95%. Oh, and then they mentioned I would have to pay for a photographer for professional photos. Ok, I thought, why is that not included in the commission. They said if I wanted to list on Trademe, I would have to pay for the listing fee on top. Still …

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