Regrets and what we can Learn From them

Regrets And What We Can Learn From Them

If 2020 has taught me anything, it’s that life is uncertain. And because of this new perspective, I’ve started to questions some of my personal finance and life principles. Am I sacrificing too much today to stay the course for a brighter future? Should I be spending more today? Should I get a rental property? Am I working too much? And why has 2020 made me so tired and unmotivated …

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How Much Time Do You Waste- and How Much is it Worth?

Wasting time- is it worth it in the long run

How much time do you “waste”? I’m not talking about time wasted at work skiving off, or taking an extra-long lunch break- I believe that to get ahead in your career you can’t waste time at work. You need to provide value at work to get ahead. So far this attitude has worked for me. I’m talking about wasting your own time. I waste a lot of my time. Especially …

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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 …

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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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