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.
Tag Archives | finance nz
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.
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;
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).
Nowadays, it seems the lavish wedding is back in vogue and young couples find themselves with the challenge of putting on a wedding that matches or outshines the expectations of their peers but without going broke.
I entered into business later in the career path after a successful run in education…many ask and are surprised to find out there isn’t that much difference between helping a teenager to succeed …
In my role as a venture catalyst in the private investment market, I often get asked how to go about a raise and what value propositions angel investors are looking for in new companies?
We all dreamed of it on those days when the boss never seemed to stop nit picking, when we had to travel on weekends, when we were bored, over-worked, sick but company culture or your boss (see above) insisted you came in.
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.
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.
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.
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
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.
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.
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.
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
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.
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.