How Much Money Do You Have Left?

How Much Money Do You Have Left? The Money Game

I want you to do a quick exercise. I want you to work out how much money you have earnt for your entire life. Adding your income for the last year, back to what you earned when you were 14 years old. Add it all together. (You can log onto IRD to get a summary of earnings for the last few years.) Now, don’t count your investment returns, just your …

Read MoreHow Much Money Do You Have Left?

Longheld Myths about the Share Market

Long Held beliefs about the sharemarket that are not true. Investing in New Zealand

Certain myths seem to persist over time. For instance- there’s the myth that there is a dark side to the moon. I blame Pink Floyd for this one! There is no dark side to the moon- it’s just the far side. Which has the same light and dark as the side we can see. The share market is like the dark side of the moon for many Kiwis. Mysterious and …

Read MoreLongheld Myths about the Share Market

Where Should You Invest Your Hard Earned Money?

Where Should You Invest Your Hard Earned Money? advice for New Zealanders, Kiwis, and people from NZ

One of the most asked questions, when it comes to investing, is generally along the vein of “I have X amount of dollars, where should I invest it”. And it’s a hard question to answer with just that much information. There are two other pieces of information that you need to know when deciding where to invest your money. One being, what is your investment time frame- how long are …

Read MoreWhere Should You Invest Your Hard Earned Money?

Get Your Personal Finances Sorted in Five Stages

Get your personal finance sorted in 5 stages

It takes time to get your personal finances sorted. And often you don’t know where to start. And the thing is that no one can really show you how you should sort your personal finance, after all, personal finance is exactly that- Personal. However, there are several key stages in personal finance that you do need to get sorted. These are the stages that I have gone through to get …

Read MoreGet Your Personal Finances Sorted in Five Stages

Creating an InvestNow Portfolio: Let’s get things Started

the ins and outs of creating an investnow porfolio

When it comes to DIY investing in New Zealand it’s hard to look past the InvestNow platform. And there’s a good reason for that. InvestNow has zero fees and you can start investing a minimum investment amount is $50, when part of a Regular Investment Plan, or $250 for one-off investments. InvestNow is a fund platform that offers you access to a variety of funds to invest in. They have 130 funds and offer …

Read MoreCreating an InvestNow Portfolio: Let’s get things Started

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 …

Read MoreFinancial Advisers: Do you need one and how can they help you?

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 …

Read MoreHow Long Does It Take To Switch Your kiwisaver

How To Save Money on Your Car Insurance in NZ

How to Save money on your car insurance

The team at Cove has offered to pay for the first month of your car insurance if you decide to switch to them using this link. They’ll cover the first month (Up to $100), and they’ll even offer to help cancel your current car insurance policy. Why switch to Cove? I’ll tell you below. I had to renew my car insurance recently and I’d wished I had shopped around more. Optimise …

Read MoreHow To Save Money on Your Car Insurance in NZ

What are you Actually Investing in? Vanguard, NZX50, and S&P500

what are you actually investing in NZX50 vanguard and us500

The talk around the personal finance water-cooler is that you should invest in low-cost index funds, such as the NZX50, S&P500, and the Vanguard fund offered by InvestNow. But how many people who are invested in these funds actually know what companies they are investing in? Either directly, or indirectly? In reality, when I invested in them really only knew a little about each. I knew that the NZX50 was …

Read MoreWhat are you Actually Investing in? Vanguard, NZX50, and S&P500

Investing Won’t Make You Rich

Investing won't make you rich- saving over time will make you wealthy

Today, I’m going to share a truth about investing that some people might not like. One that might not be as obvious to people in recent years. Especially with the rapid rise value in Bitcoin, and weed stocks, and the bull market in tech stocks. There have been a lot of stories around of investment doing very well in recent years. The so call bitcoin millionaires are one example. There …

Read MoreInvesting Won’t Make You Rich