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 …

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The Intimidating Aspects of Money- Budgeting and Raises

The intimidating aspects of money- budgeting and raises

Generally us humans don’t like intimidating things, and we don’t like things that give us a different answer than we are looking for. It’s typical for us to ignore these things completely. It’s kind of like that for money. If you really look at your finances for the first time it might be intimidating. You might find that you really can’t afford that new car you want, or you might …

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Anyspace: Make Some Extra Money Renting out Your Extra Space

Passive Income by renting out your extra space

Technology Driven Side Hustles- Anyspace The gig economy and app sharing services have made it much easier to earn extra money than ever before. You can now run a side hustle to earn extra money using just the phone in your pocket. You can make some extra money by renting out your spare room through Airbnb. You can make some extra money by becoming a driver for Uber, or the …

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What’s the Difference between Income and Wealth

What's the Difference between Income and Wealth

In personal finance Income and Wealth are two very different things that are weakly correlated with each other. Having a high income does not mean that you are wealthy, and having a low income doesn’t mean you are penniless. In personal finance, wealth is your net worth. That is the value of all our assets minus your liabilities. Assets being things you own, such as your house and shares in …

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Income and Wealth of the Average New Zealander: How do you compare?

Money

Every now and then I like to go to Statistics NZ to see what data has been released. Recently I found out that they had released some statistics about household net worth statistics, and income and housing costs for 2018. Here’s a summary of what I found; The median net worth of New Zealand households was $340,000 in 2018, up from $298,000 in 2015 The top 20% of households hold …

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9 Mistakes to avoid when getting a mortgage

9 Mistakes when getting a mortgage passive income new zealand

There are certain things that you only learn about mortgage once you had one for a while, after all, Insights are only gain after experiences. Here is a list of 9 potential mistakes you can avoid when getting your first mortgage, or if you are in the process of re-financing.  1. Shop around So you’ve been loyal to your bank for as long as you’ve had money. It makes sense …

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Are my Food expenses Normal?

Are my food expenses normal compared to the average couple in new zealand passive income

Recently, I have been thinking a lot about food expenses and how we can minimise them. I’m not talking about going to the extreme of just eating rice or pasta. Rather, minimising expenses while still eating a nutritiously complete diet with a few bits of fancy pants here and there. Everyone knows I love cheese! I wrote a post about a month ago about minimising Your largest Expense- Food (British …

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Peer to Peer Lending in NZ- What’s it all about?

Peer to Peer Lending- What's it all about Passive Income New Zealand

Peer-to-peer lending has been around in the USA since 2006. The year Lending Club started up. It took several more years before P2P came to NZ in 2014. We’re always a little bit behind the rest of the world. This means that P2P lending is a relatively new concept, only just 4 years old. As such, many people are still somewhat suspicious or dubious about it. And this suspiciousness can …

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We Paid $52K in Debt Last Year

We paid $52k of debt last year, and you can to by using one rule, pay yourself first. www.passiveincomenz.com

In the last financial year, we paid down $46,800 of debt. Plus, my partner paid off her entire student loan- seven years after graduating. That is another $4,800.   I’m proud of that number! I’m not here to brag about it, just to share how we did it.   First, of, we have been fortunate in that we don’t have any other debts.   $52k of debt in one year? …

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