Archive | Finance

The Happiest Man in the World

He is said to be the happiest man in the world. His name is Matthieu Ricard and he is a molecular geneticist turned Buddhist monk who resides at the Shechen Tennyi Dargyeling Monastery in Nepal.

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Record Lows for Mortgage Interest Rates

It has been many years since we’ve seen mortgage interest rates so low. That’s great news for first home buyers and investors in particular. Banks appear to be in a bidding war to attract borrowers.

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The Pitfalls of Overseas Investments

It is not uncommon for New Zealanders to have overseas investments. Migration to New Zealand, working holidays overseas and inheritances can all lead to investment assets being held outside the country.

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Avoiding Disaster with House Insurance

Over the next year, a major change will occur for most people in how their homes are insured.

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How to be Financially Secure

Achieving financial security is an aim that most people aspire to. Worrying about money causes stress, loss of enjoyment of life, and is often linked to relationship problems.

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Frugality is not the Key to Riches

One of the greatest myths of wealth creation is that being as frugal as possible is the key to riches and a happy life. There are countless articles written about how to save money and become wealthy by recycling materials, making your own household cleaners, growing your own vegetables, upcycling furniture and so on.

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How to Lower the Cost of Your ACC Premiums

Self employed people are burdened with heavy expenses to comply with Government requirements and one of these is the cost of ACC cover. For tradespeople in particular, who have a high risk of injury, the cost can be significant.

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The Flight from Bonds

As every seasoned investor knows, the four major classes of investment assets are cash, fixed interest, property and shares. In a fully diversified investment portfolio, cash and property usually count for a much lesser proportion than fixed interest and shares.

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Have Your Say on Retirement Income Policy

Baby boomers should by now be well aware that as they move towards and through retirement, they will place huge pressure on NZ Superannuation.

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How Safe are Your Bank Deposits?

Events in Europe have caused many investors to question the safety of their bank deposits due to fears of a global collapse of banking systems.

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How to Plan your Investment Portfolio

Whether you have a small KiwiSaver balance or a huge fortune, it is important to plan your investment portfolio so as to get the right balance between risk and return.

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Retiring Early

It wasn’t so long ago that most people had an expectation of retiring completely from the work force the day they became eligible for NZ Superannuation.

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Mighty River Greed

The question on the tip of everyone’s tongue is, “Should I buy shares in Mighty River Power?” Like children at a lolly scramble, thousands of prospective investors have rushed to pre-register, for fear of missing out if they don’t act quickly.

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Janet Xuccoa Releases New Book to Help Kiwis with their Finances

Janet Xuccoa (partner of Gilligan Rowe + Associates) has just released a book titled “101 Money Secrets” aimed at people who want to improve their personal finances. Janet also wrote a book on trusts for New Zealand which is extremely good so I know this one will be packed full of good advice. Over the [...]

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The Importance of Cash Flow

Whether you are running a business or managing the household finances, cash flow is critical. The difference between cash coming in and cash going out in any given period of time is the net cash flow. If it is positive, your cash balances will increase and if it is negative, your cash balances will decrease.

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Start Saving with Two Simple Steps

Kiwis are being urged to “Think, Shrink, Grow’ by the Commission for Financial Literacy and Retirement Income in their campaign to improve our money habits.

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Managing your Student Loan

For first year tertiary students, one of the most daunting challenges is how to get financial assistance without being burdened with a lifetime of debt. A student loan is inevitable for most students. Student loans are available for compulsory course fees, course related costs and living costs, subject to eligibility criteria. There is no interest charged if you are based in New Zealand and if you make the required repayments on time once you are earning above the income threshold.

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Find your Personal Financial Flow

Getting yourself on the path to financial freedom is not just about getting your money sorted; it is about sorting your life as well.

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