The Risk in Not Quitting: Opportunity and Sunk Costs

The risk in not quitting

So there’s one idea that I’ve recently brought into my life that has completely changed how I look at both long-term commitments as well as short-term failures. It’s reshaped how I think about success and how I make commitments going forward. It’s not being afraid to quit. Most people, like me, don’t follow through with their aspirations because we’re afraid. We’re afraid about what other people might think. So instead …

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Past Viral Outbreaks and the Share Markets Reaction

Past Viral Outbreaks And The Share Markets Reaction

Surprise market crash It’s a tough time to be an aggressive investor- that’s for sure. Covid-19 has turned the volatility level in the share markets up to 11 with share prices dropping almost universally. Many investors are running for the exits as countries suspend air travel and go into lockdown. I didn’t want to write about Covid-19 and the market crash. There is already so much much information out there …

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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 …

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Are we Evolutionary Hard wired to consume?

Are we evolutionary hardwired to consume?

When I look around at nature- it’s hard to miss the fact that everything is competing for resources. Take all plants, they are hardwired to compete for and consume resources. Plants and trees try to grow the fastest or grow the tallest to secure access to the main resource they need- light. That got me thinking- are we humans genetically or evolutionarily hard-wired to consume resources and compete with each …

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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 …

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The Cost Of Housing: to Rent, or to Buy- Regional Data

The cost of housing in New Zealand- Regional Data

One of the cornerstones of managing money is to focus on the big three. The three areas in your life that you spend the most money on. They are housing, transport, and food. If you optimise these three aspects you of your life, you can really speed up your journey towards financial independence. Note I deliberately didn’t say you need to save or cut spending on these three aspects- you …

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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 …

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The Tax Working Group and the Current New Zealand Tax System

The Tax Working Group and the Current New Zealand Tax System

The Tax working group came back with their report last month. And the national media went crazy. Everyone was speculating about what impact a capital gain tax would have on ordinary people. It all reads doom and gloom for some, while others are championing the ideas. The terms of reference of the tax working group were to determine if our tax system was efficient, fair and simple and if it …

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Why Do We Fantasize About The End of the World?

The end of the world is near. Are you prepared?

Every day, there seems to be another prediction on when and how the world will end. Maybe it will be destroyed by asteroids, or mankind will release numerous nuclear weapons and initiate the dreaded mutually assured destruction.  A zombie virus might break out, or global warming destroys the planets ability to sustain life.  The blood moon may signal the second coming of Christ.  Ronald Weinland from the Church of God …

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Why do we FIRE

What are the motivations for you to become financial independent and retire early?

Everyone has different motivations behind why they want to become financially independent and retire early. Working towards financial independence is an admiral goal. And one of the first steps is to really know why you are doing it. Knowing why you want to become financially independent will help motivate you. Help you stick the course. Help you realise there is another way to live your life. So why do you …

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