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 …

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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 …

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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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Passive Income NZ turns One!

passive income New Zealand turns one year old

Over a year ago, I posted the first post on Passive Income NZ. And to be honest it wasn’t a great post. I started this site to keep myself on track with my financial goals and to learn how to write better. My writing skill has improved greatly. And I am more motivated than ever to achieve my financial goals. And it’s not just my writing skills that have improved. …

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Compound Interest: Make it work for you!

compound interest. make it work for you new zealand! compound interest is amazing

When I started out learning about finance I was taught the concept of compound interest. I learnt how it works and how to calculate the compound return. Once I understood that I relinquished the concept to the back of my mind. That was nearly a decade ago. It is only now that I have grown wiser that the concept of compound interest really blows my mind. It’s didn’t seem to …

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Are you living, or Just Existing?

Are you living, or Just Existing. How many free years do you really have on this earth

Ever since I did the post about The Cost of Holding a Job, I’ve been thinking about life. When people say they have been thinking about their life they usually refer to what they want to do in life. They might want to spend life perusing a career, having a family, or travelling, or just doing leisure activities they enjoy. And I can understand why. I think about all these …

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6 Money Pits to Avoid in Your Thirties

Six money pits you should avoid in your thirties

I’m nearing in my thirties, and I know that generally, you’re thirties are the most expensive years of your life. So instead of spending on what is considered socially normal in the next decade, I’ve come up with a list of 6 money pits that I’m going to avoid like the plague. You see, once you hit your thirties you might find yourself with some extra cash. The days of …

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Will You Be Happier If You Work Till You Die?

Will You Be Happier If You Work Till You Die?

Lately, this Suze Orman character, someone I’ve never heard of, started telling people they will be happier if they work till they die.  Not exactly in those words, but close enough. She does not think the average person can achieve FIRE. And to be honest, the normal person can’t if they were to live like her. Take her opinion on how much you would need to retire “You need at …

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