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 …

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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 …

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Net Worth- How Do You Calculate It? And is it Worth Tracking?

Net Worth how do you calculate it and is it worth tracking

It’s common to hear about the net worth of billionaires and famous people. Forbes calculates a list of the richest people in the world every year. Take the top 5 in 2019’s list; Jeff Bezos– $113.0 billion Bill Gates– $107.1 billion Bernard Arnault– $106.6 billion Warren Buffet -$86.9 billion Mark Zuckerberg– $74.9 billion Those 5 people nearly have $500 billion between them. That’s about 5 times what the New Zealand …

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How to Get the Most out of your Travel Money

How to save money on currency exchange while traveling

Do you like to travel? We tend to travel abroad every few years to experience new cultures and visit amazing natural wonders. And I normally travel to Australia to attend conferences or training courses every year. I know, travel is counterproductive towards our goal of becoming financially independent. You might say that travel is our spending vice. Even though spending money on travel will increase the time it will take …

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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 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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Simple Money Saving Tips for Everyday Kiwis

Simple Money Saving Tips for Everyday Kiwis

Over the years I have learned about and use many money saving tips that are relevant to living in New Zealand. I want to share these with you! To help you on your journey to becoming financially independent. So here are some money saving tips that will get you off to the right start. Pay insurance annually Insurance is necessary. But remember that insurance if for big unexpected life events- …

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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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The Cost of Your 2-ton, Dinosaur Exploding, Transportation Machine

The Cost of Your 2-ton, Dinosaur Exploding, Transportation Machine. Car ownership costs

The general advice to anyone starting to optimism their life is to cut out spending money on coffee and other daily expenses that are not providing true value to their life. I’ve said it multiple times. But in reality, you should start by optimizing the big expenses first. And the two biggest expenses in your life are housing and transportation- if you own a car. To that end, I am …

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