Tag Archives: money

The gap between the rich and the poor is getting bigger. This has vast implications for the whole of the population. Oxfam reported that the richest 1 per cent of Kiwis have 28 per cent — $42 billion — of the wealth created in a single year. Meanwhile, the poorest …

People of all ages across New Zealand can unwittingly become money mules for international fraudsters, and many of those targeted are elders. Now the office of the Retirement Commissioner has partnered with the Police to produce a booklet to help people protect themselves from becoming unwitting accomplices in moving money …

Supermarkets are useful one-stop shops for a variety of goods. However, in case you weren’t already aware, the multi-billion-dollar NZ supermarket industry is dominated by two players, so we don’t have much choice when it comes to our weekly shop. The big two are: Woolworths New Zealand (owner of Countdown …

Myths about money are everywhere. Unfortunately, much of what you know about money is probably wrong and holding you back from success in your financial life. We all must be aware of how our thoughts impact our behaviour with money. As we all know, how you think and feel often …

Early retirement is a major lifestyle goal of many people. However, early retirement isn’t always all it’s made out to be, so it pays to be aware of potential issues and how to avoid them. Here are the top four pitfalls of an early retirement: Spending too much during the …

New Zealand Superannuation (‘NZ Super’ or ‘pension’) is the government pension paid to Kiwis over the age of 65. Any eligible New Zealander receives NZ Super regardless of how much they earn through paid work, savings and investments, what other assets they own or what taxes they have paid. Who can get NZ …

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 …

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, …

With banks operating stricter rules on lending, and property prices rising, many adult children have been leaning on the bank of mum and dad to give them a leg up on to the property market. So many, in fact, that the bank of mum and dad has been given an …

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, …