How to become wealthy? First, learn how to make money, then learn how to keep a lid on your expenses, and then invest the rest, the best you can. Can it really be this simple? Yes Spend less than you earn This principle, originating from the book "The Richest Man in Babylon," is the first
With the recent [first step] in an approval of the Ethereum Exchange Traded Fund (ETF), the crypto community is again abuzz with speculation (although it is rather subdued this time around). The big question on everyone's mind: will it be as successful as the Bitcoin ETF? Bitcoin, often seen as digital gold, is primarily meant
Being a Purpose-Based Investor: A Strategy for Modern Times Often, what's on my mind or heart connects to my purpose of building wealth. Today, I want to discuss why you should consider a purpose-based investment strategy rather than just a goals-based one. Given the world's current changes, this approach offers both risks and opportunities. Getting
Warning: Most of this post contains an investment strategy with a high probability of failure. Considering the spectrum between 'safe' and 'volatile' in terms of expected outcomes, this one's off the charts. It's not investment advice, or even a good idea. Investments, whether in property, shares, or crypto, follow cycles, and occasionally, someone claims to
When it comes to retirement, or 'transitionment' if you prefer, KiwiSaver can be a core ingredient, but many of us treat it as the bit on the side. It's important to consider the most common pitfalls that can undermine your efforts and leave you short at your retirement . In a new world now more
18th century French economist, Richard Cantillon observed that those closest to the money printer, benefited the most financially. Governments, banks, businesses, and asset owners like you and me, can take advantage of the Cantillon Effect too. How? We invest. Investing works, because the money’s broken. It doesn't sound 'right', and how can money be broken
Imagine the young child saying goodbye to their parent at the start of the day. From a childish perspective, it doesn't matter where mummy and daddy go - as long as they come back. Have you ever wondered about the incredible journey our dollars go on after we decide to make an investment? Perhaps it
When should you pay off the mortgage, and when should you invest? Over the last few years, this question rolls around frequently on social media. One view suggests that mortgages should be eliminated ASAP. The benefits include not worrying about interest rates, and the ability to invest larger amounts of money into assets
Cycles, superstition, and strategy. Money and life often play tricks on each other. Sometimes, some things, can happen around the same times as other things. Occasionally, superstition seems legitimate. For example, can the weather affect the share market? And do English superstitions, work the same down under? Like, what about this one? 'Sell in May,
The Reserve Bank of New Zealand (RBNZ) has seemingly been on a quest to 'bring down' the property market over recent years, in conjunction with our previous government. The Credit Contracts and Consumer Finance Act (CCCFA), higher taxes for property investors, increased interest rates, and stricter deposit requirements via Loan-to-Value Ratio (LVR) restrictions have all
