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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My Favourite Kiwi Money and Personal Finance Podcasts

My favourite NZ personal finance and money podcasts

Everyone might find themselves with a lot of time on their hands currently. So why not spend some time learning. I love learning. I ‘m a life-long learner. Ever since I can remember, I loved learning about things and ideas. I continued to learn as I grew. I went to university and then post-graduate degree, followed on with a 4-year registrar position That’s an extra 9 years of study after …

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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 Value of Education- Net Worth and Income Statistics

The value of education networth and income statistics

Whether or not you should go to university is a big question to ask of someone when they are 17 or 18 years of age. And I don’t think anyone can answer this question for you. It’s a personal decision. The problem in recent years is that the price of university or higher education has been increasing year on year- faster than inflation. It’s becoming more and more expensive. Check …

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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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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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Managing a Debt Problem

How to manage a debt problem

Before you read on, I want to make you aware of a few key points; There are many free services in New Zealand and other countries to help you deal with debt- more about that later. Debt problems only get worse if you don’t address them. If you are hiding your debt from your family, you know it’s a problem. Never borrow more to get out of debt, unless you …

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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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