Work to Learn

Work to Learn

One of the best ways to create substantial wealth is to set up your own business. However, not everybody has the skills, confidence or entrepreneurial flair to build a business from the ground up, or even to buy an existing business and grow it. Being an employee puts a definite cap on how much wealth […]

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Get Rid of Money Worries

Get Rid of Money Worries

Managing finances can be very stressful, even if you are savvy with your money. A recent global survey by the Financial Planning Standards Board, an international body which oversees professional standards for financial planners, found that most people feel challenged by their finances. However, people who work with financial advisers feel better prepared to achieve […]

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Buying Happiness

Buying Happiness

In our consumerist society the basic tenet is the more we have to spend, the happier we will be. Research shows that, while there is a link between money and happiness, it is a weak one. However, it is possible to get more happiness for your money by making good decisions about what you do […]

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Investment Time Frame

Match Your Investment Strategy to Your Time Frame

We’ve had a good run in share markets since the Global Financial Crisis (GFC) of 2008. Initially this growth was underpinned by central banks engaging in quantitative easing – otherwise known as ‘printing money’. Central banks released funds into circulation through purchasing securities as a way of reducing the likelihood of economies going into recession […]

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The PYF Principle for Growing Wealth

There are two golden rules for creating wealth that stand out above all others. The first, and most important, is to Spend Less Than You Earn. The second is to Pay Yourself First (PYF). Under the PYF principle, you give yourself top priority when it comes to deciding how to spend your income. Pay Yourself […]

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The Importance of Cash

The Importance of Cash

The word ‘cash’ has a very different meaning now than it did a few decades ago but it is still a vital part of a financial plan. Cash provides liquidity; that is, money when you need it. Liquidity can take many different forms. It can be notes and coin, bank deposits, credit – such as […]

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Balance Your Life 5

Balance Your Life

Everybody creates a certain amount of income and during their lifetime by one means or another – through employment, investment or setting up a business. What you do with that income determines how financially successful you will be and ultimately impacts on your enjoyment of life. Managing money is a bit like juggling balls while […]

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Share Investing for Young People

Shares for Young Investors

Conventional wisdom says the first significant step towards creating wealth is to get on the property ladder. However, it’s hard for young people to start creating wealth when property prices are out of reach and lending restrictions are tight. Not only that, but young people prefer to be mobile and don’t necessarily want to be […]

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Get Rid of Debt

Get Rid of Debt

If you are serious about getting ahead financially, then getting rid of debt should be one of your top priorities. Short term debt is the worst kind as it generally has very high interest rates and high repayments. It comes about for three reasons – an unexpected expense, sudden loss of income or long term […]

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Two Questions Every Retiree Must Ask

With a bit of luck and hard work, you will arrive at retirement with a pot of money to supplement your income from NZ Superannuation and allow you to live comfortably. The problem is, so many uncertainties lie ahead. How long will you live? How much money will you need? What will your investment returns […]

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Investing Without Emotion

Investing Without Emotion

Emotions and investment are best kept apart. Put them together and you have the ingredients of a disappointing investment outcome, if not a failure. The best investment decision is one which is based on thorough financial analysis using well founded assumptions about the future. There are some investment decisions where emotions are more likely to […]

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Childrens Education

Saving for Your Children’s Education

It is natural for parents to want to give their children a good start in life, and often parents will have a financial goal of saving for their children’s education. There are two key questions to be asked: Is it a good idea to save for your children’s education? There are many ways you can […]

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