We all know that sinking feeling of knowing you’ve been ripped off. Unfortunately, in the financial world there are quite a few offerings, products, services, and outright rip offs that you should be aware of. Awareness can help you avoid that sinking feeling. While many of these financial offerings are …
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Ways to avoid an investment scam
Avoiding investment scams is becoming even more important, as recent Australian data shows investment scams have now overtaken romance and dating scams as the most lucrative method of fraud. Historically, investment scams have been common both overseas and in New Zealand. In fact, the 10-year anniversary of when the world’s …
Read More »Can you trust a retirement calculator?
Retirement calculators seem to be popping up everywhere, and people are betting their financial future on them every day. Unfortunately, the calculators are often giving fictitious outputs based on assumptions that have little to no chance of being accurate. Here are six reasons you can’t trust retirement calculators, and what …
Read More »How the rich spend their money – and what you can learn from them
Ever wondered how the rich spend their money? Here at Milestone Direct, our advisers see such a wide range of people that we understand the spending habits of a wide range of New Zealanders – including the rich. To help you replicate the habits of the rich, here are seven …
Read More »Five financial mistakes to avoid in your 60s
Regardless of your earlier financial choices, the financial decisions you make in your 60s will have a profound effect on the rest of your life. Our financial advisers, including me, are in a great position to see those who make some excellent decisions at this critical phase of life. Unfortunately, …
Read More »The four best investments for people about to retire
There are some fantastic investments available, which all form a key part of achieving the financial milestones in your life. Below is a list of the four best investments for those who are nearing retirement. Repay any high-interest debt. This sort of debt is the kind found on credit cards, …
Read More »5 reasons why you should spend your kid’s inheritance
Thought of spending your kids inheritance? This concept now even has a new term dubbed “SKI’ing” – spend your kids inheritance. Below are five reasons why this is a great idea. Life is way too short to delay having fun You’ve worked all your life despite the long hours, difficult …
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