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?

The Myth of Bad Spending

the myth of bad spending- how spending money isn't good or bad

When we talk about spending money it’s usually in absolutes. There’s good spending and bad spending. Spending money that you have budgeted for on healthy food is good and spending money on daily coffee is bad. Impulsive purchasing of consumer items and clothing is going to kill you in your sleep. That’s bad spending. But is it really this simple when we talk about spending? or are we simply missing …

Read MoreThe Myth of Bad Spending

Are Bonus Bonds Any Better than Lotto?

Are bonus bonds better than lotto tickets

Are Bonus bonds better than buying Lotto tickets? Probably… In a previous post, I tried to visualise the odds of winning the Lotto’s Powerball– and how it doesn’t really make sense to buy lotto tickets at all. The odds are so small that almost anything is more likely to happen than you winning Lotto. And yet- I still purchase the odd Lotto ticket now and then- it’s interesting how illogical …

Read MoreAre Bonus Bonds Any Better than Lotto?

Lotto- The Odds Are Against You!

Odds of winning lotto powerball it's maths- why you shouldn't play lotto.

I buy lotto tickets- there, I said it. Not all the time, just occasionally. I usually buy them when the jackpot gets really high- like the recent $32 million Powerball- for some reason, I have convinced myself to only buy tickets once the Powerball jackpot goes beyond $20 million. Because you know- anything below 20 million just isn’t worth my time. But why? Only buying tickets when the Powerball is …

Read MoreLotto- The Odds Are Against You!

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 …

Read MoreThe Intimidating Aspects of Money- Budgeting and Raises

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

Should You Invest in an Electric Bike?

Should You Invest In An Electric Bike?

Electric bikes are all the rage today- In fact, anything electric. Scooters, bikes, cars- There is a lot of hype around all of them. But should you buy one? Electric bikes make riding a bike effortless, at any speed, almost up any hill. You don’t even need to be an athlete to get all the glorious benefits of cycling. And think about what would traffic be like if everyone had …

Read MoreShould You Invest in an Electric Bike?

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

Is the “No Spending Day Challenge” a thing?

Is The “No Spending Day Challenge” A Thing?

Recently I came across several posts and YouTube videos talking about the no spending challenge- and how you can use them to save money. They ranged from not spending money on certain days of the week or trying to not spend anything for 30 days. So what is the No Spend Challenge? The idea is that if you’ve been struggling to save money you could assign a few days a …

Read MoreIs the “No Spending Day Challenge” a thing?

How to Get Rich by Driving a Cheap Car

buying a cheap car can make you rich in New ZealandHow to Get Rich by Driving a Cheap Car

In the last few weeks, I’ve read a few posts about how much you should spend on a car. Specifically- the question goes like this- how much should I spend on a car given that my net-worth is x. Personally- I think this is an illogical question, more about that later Optimise your Car, Optimise your Life Lets go back to the basics on how to optimising your life. The …

Read MoreHow to Get Rich by Driving a Cheap Car