This question was sent in by Declan a while back, but it is one that crops up in my inbox relatively consistently as well, so I thought back to what I did and what I would do if faced with the situation he is proposing again.
All in Investment
What about the bit in the middle: Medium Term Investing
The very first thing I would do is set up an automatic transfer to syphon off a set amount of money each week into a sub account with your bank and give it a flash name like “IKMSMOI” (investments keep my sticky mitts off it).
Book Giveaway: Martin Hawes
I had a catch up with Martin Hawes recently and I could not have been more delighted. Having the opportunity to talk about money related topics is my kind of way to spend a Friday morning…
Investing In Something Other Than A House
Today I thought I would tackle one of YOUR questions head on. It’s housing related, a topic that is constantly being talked about in New Zealand and one that I generally try to avoid. So here goes…
SHARESIES
Sharesies have just celebrated their first birthday and up until this point I have resisted having a play around with their product. But I figure that they are still here after a year, the social media fan party has faded away and yet they still keep coming up in conversation.
Book Review: The Barefoot Investor
I have recommended this book to a lot of people and everyone I recommend this book to loves it! And more importantly they act upon the advice inside the book. You need to add this book to your reading list.
Over invested in my property?
I am constantly debating the question of “should we sell our perfectly suitable house that we really enjoy living in?” The reason for doing this would be to free up cash that I could invest that would then generate an income. I keep referring back to the numbers and talking it through with Jonny. I thought you might be interested in the numbers too.
Book Review: The Simple Path to Wealth
Being better with your dosh is all about education. You can sit down with your bank and they will educate you, that’s a surety, but is it the type of education you should be seeking out? So, this week I wanted to share with you a book I’ve been reading from a writer I have followed for a while.
How does a teenager create a strong financial future?
Olivia spent the school holidays working hard and she has found herself with that wonderful problem, too much cash sitting in the bank. In this blog post, I detail a strategy to show her how to make her hard earned money work for her and create a strong financial future for herself.