Tag Archives | finance nz

Focus on the Horizon

When I was young, I used to go fishing with my father in his boat. Not being much of a sailor, I often succumbed to the motion of the waves when there was a big swell. All I wanted to do then was to get my feet back on firm ground. I still remember the advice my father gave me to help me last the distance back to land.

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8 Steps to Financial Freedom (Part 2)

Last week we looked at the first four steps you need to take if you want financial freedom; something that most Kiwis aspire to. They were: (1) Spend less than you earn; (2) Join a subsidised superannuation scheme;

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Ten Questions to Find Your Passions

One of the keys to success in life is the ability to find your passions. It is almost impossible to achieve financial success without clearly identifying your goals in life, and your goals are determined by your passions. The simplest method I have found for finding your passions is one developed by Janet and Chris Attwood (The PassionTest: The Effortless Path to Discovering Your Life Purpose).

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Explaining Investor Behaviour

The recent receivership of Ross Asset Management has been yet another lesson in investment behaviour. Only further investigation will determine whether anything untoward has occurred, however whatever the outcome of that investigation, investors in the fund will now be nervously waiting and considering the wisdom of their decisions.

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Out of a Job

As the global recession worsens, businesses will shed staff or close down altogether and unemployment is expected to double. It’s not going to be a happy year. Not only will there be fewer jobs available, but there may also be more people seeking work.

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Why you should have both eyes on your cashflow

Good cashflow is critical to the success of any business. Although it’s affected by many issues the key seems to be the downturn in sales a lot of businesses are experiencing. It doesn’t take much of a dip in cashflow to cause problems. Sometimes, dependent on how “highly geared” you are, a drop of even 10% can mean serious trouble.

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Dealing with Life’s Changes

Every so often, we may experience a sudden change in our life, either planned or unplanned. Eva Bennett has just published a handy guide, written very clearly and succinctly, to help you deal with the three biggest changes: relationships, redundancy and retirement

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Women and Money

It is a fact of life that women face a higher level of financial risk during their lifetime than men. There are differences between men and women with regard to lifespan, lifestyles, income and attitudes which can have a negative effect on a woman’s financial position.

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Get Rid of Dumb Debt

The most common financial mistake people make is to borrow money at a high rate of interest in order to buy something they don’t really need or without considering whether they could borrow at a lower cost.

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Give and Be Happy

Stephen Tindall is one of the wealthiest men in New Zealand and also one of the most generous. The Tindall Foundation gives away millions of dollars every year. Stephen says the satisfaction he gets from the Tindall Foundation is greater than what he received from turning The Warehouse into one of New Zealand’s most successful companies.

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A Winning Team

Whether you are a fan of ruby, football, netball or baseball, it’s a great feeling to see your home team take out the championship. Reaching high levels of success in sport can only be achieved with a total focus on teamwork

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Time for Prudent Investment

Investment markets have taken a pounding in recent weeks as investors grow increasingly nervous about developments in the USA and Europe. Economic growth has slowed sharply in these regions and the slow-down is more widespread than previously forecast.

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Spending your Nest Egg

There comes a time in life when you have to flick the spend/save switch from saving to spending. If you have been careful with your money during your working life, it can be hard to spend and watch your savings dwindle. Spend too much and you might run out of money; spend too little and it will be your children who get the benefit of your life savings.

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