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

A lesson Learnt: Emergency Funds and Risk Tolerance

A Lesson Learnt in Emergency Fund -And Risk Tolerance

There are some things in life that you can only truly learn through experience. Right now, what the world is teaching us (at least in terms of personal finance, there are many other lessons being taught too) is just how important it is to figure out our risk tolerance- and the need to have an emergency fund. It’s not that you can’t learn about risk tolerance and the need for …

Read MoreA lesson Learnt: Emergency Funds and Risk Tolerance

10 Steps Needed to Achieve Financial independence in NZ

10 Steps Needed to Achieve Financial independence in NZ

If you’re like me then you have a dream to become financially independent- it’s an admirable goal. But why do so few people actually become financially independent in New Zealand? Financial independence doesn’t happen overnight- and that’s where the problem lies. It takes a detailed plan and years of willingness to commit to the plan before you will financially become financially independent in New Zealand and any other country around …

Read More10 Steps Needed to Achieve Financial independence in NZ

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

Juno vs. Simplicity vs. Superlife Kiwisaver Funds

Juno vs. Simplicity vs. Superlife Kiwisaver Funds

Getting your kiwisaver sorted is one of the most crucial aspects of your personal finance for Kiwis. I’ve previously written about different aspects of Kiwisaver- about some of the myths around kiwisaver, and the downsides of kiwisaver. But, I’ve never really looked into some kiwisaver providers. The default funds that you are automatically enrolled in once you sign up usually don’t align with your investment strategy, ethics, or risk tolerance. …

Read MoreJuno vs. Simplicity vs. Superlife Kiwisaver Funds

The Downsides of Kiwisaver- What You Need to Know

The down side to KiwiSaver What you need to know

April has been about all about the proposed capital gains tax. Everyone was talking about it and what it would mean. While there was a lot of focus on capital gains tax on housing, there was also a capital gains tax that could have been imposed on KiwiSaver and shares. I’m glad that capital gains tax on KiwiSaver is off the table now. But there have been other changes to …

Read MoreThe Downsides of Kiwisaver- What You Need to Know

What to do in a Falling Market?

What to do in a falling stock market

Recently, the stock market hasn’t been doing so well. Businesses around the world, like Apple and Kathmandu, are announcing disappointing sales. Just go look at your kiwisaver balance. You might find that it has decreased in value slightly. The question is, what should you do with your investments when the market is falling? Specifically, your investments in stocks. Several months ago, NZ business confidence was at a 9 year low. …

Read MoreWhat to do in a Falling Market?

November 2018 Spending and Investment Report

Monthly Spending and Income Reports Passive Income New Zealand

It’s December already. How it is December already? The year is speeding by and it’s nearly time to say goodbye to 2018 and hello to 2019. It’s also the start of summer, but for three days now all I have seen is rain. I don’t handle being cooped up in the house when it is raining on the weekend. I’m an outdoors kinda person. I wanted to tend to my …

Read MoreNovember 2018 Spending and Investment Report

KiwiSaver Myths, Busting the Big Misconceptions

Common Kiwisaver Myths that still exist.

The markets have been a bit shaky at the moment. And now everyone is talking about what’s happening with their KiwiSaver. Your KiwiSaver might have recently seen a decrease in value if you have some proportion of in investing in the stock market. Whenever I talk to people about KiwiSaver, talking to friends and family, colleagues, and even strangers waiting in lines at the bank, (Yes that did happen once) …

Read MoreKiwiSaver Myths, Busting the Big Misconceptions

What’s Wrong with KiwiSaver?

What is wrong with kiwisaver passive income new zealand

KiwiSaver has now been around for 11 years.  But there are still a few things that I would like to see changed.  I don’t dislike KiwiSaver, in fact, I think everyone needs to join KiwiSaver as part of their retirement plan. There are a few things that could be made more clear so that everyone can understand it better. Total remuneration, tax credits, contribution holidays, and default schemes, these are …

Read MoreWhat’s Wrong with KiwiSaver?