The Government has announced that the banks will be offering a 6-month mortgage holiday to help homeowners deal with the financial implications of the COVID-19 crisis. For most households, mortgage repayments are one of the biggest regular expenses, so being able to avoid that payment is appealing and in some cases almost essential. The term 'Mortgage Holiday'
As you can appreciate, at this time we're currently experiencing a high volume of questions. They all have a similar sound to them so to save time, here's a list to cover off some of the FAQ's around Covid-19. If you're curiosity persists, please do get in touch. For an extra insight, I'm happy to
Do you run a small to medium-sized business and you've been in business for more than 6 months in NZ? Then read on... Adrienne Church, the General Manager of Prospa New Zealand discussed with me recently on the NZ Everyday Podcast, how 'cash-flow funding' works and how small to medium-sized enterprises grow using this tool.
Negative interest rates – Are all our Christmas’s arriving at once, or is this a sign of something more sinister to come? What’s a negative yield curve and why as a borrower, should I even care? Jeremy Couchman, senior economist at Kiwibank joins Darcy in a discussion around how things like interest rates, exchange rates, and
In the 1980's, the medical alert business was just getting started - 'Help, I've fallen and can't get up' - I loved saying this slightly irreverent quote every time I saw someone fumble or fall over as a child - I know, sorry! The official cash rate has fallen. Are we in trouble NZ? Will
“We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.” ― Winston S. Churchill Capital Gains Tax. What's the problem that it solves? But first, some facts: 1 – What is ‘Capital Gains Tax’. Simply put,
Who wants to listen to a cheesy show about making money and showing off about how much they know? Well if it’s going to be that kind of party I’ll go stick my face in some mashed potatoes - it’s high time that someone starts getting real about how they talk about financial literacy. The
You could be smoking crack or selling babies on eBay, but no this is way, waaaaaaaay worse - you're a property investor! All your non-property investor friends think you’ve run off and joined a cult, your uncle thinks you’re insane for borrowing that amount of money, and the only one excited is your mortgage adviser!!
Righto, let’s continue our tale of two coins - last time I covered the current monetary system. Our ‘fiat’ currency doesn’t represent what we think it does (we think it’s an asset but it’s merely a credit note). As uncomfortable as it makes people like me that do what I do, there’s new money on
Righto, let’s have a crack at a topic that people like me don’t like talking about. The main reason why is because it’s new, and anything new, especially when it has the potential to change the status quo, makes one feel uncomfortable. Do you kind of feel the same way? So yeah, this stuff scares