I had a conversation this week with my sister, who had a dilemma. Her 15 year old son, my nephew, has been pushing for the latest iPhone. Its an essential tool of the trade when you are a teenager and he is in desperate need of an update apparently.
All in Money Education
Becoming an Investor*
All your working life you are trying to increase your net worth so that when you finally stop working you start to slowly spend it to live on. If upon retirement each year you take 4% out of your pot of savings it will take about 30 years to boil the pot dry. So what can you live on a year? Do you need to invest $100K, $200 or $500K?
KiwiSaver ≠ First Home Buyer Deposit
Is it just me or are people confusing saving for a house with saving for retirement? I keep hearing about first home buyers all the time and how difficult it is to get into the market. But the question I keep asking myself is “why do people use their KiwiSaver as their primary mode of saving for a deposit?”
Money Memory - Dumb Mistake
Significant moments help to shape the people we are today and that got me wondering why I’m a saver and not a spender. This is one of my significant money memories that influenced me for ever after and hopefully helps me to do things right, more than I do things wrong.
Kids vs Money
There is the general feeling that kids don’t learn about money at school, right? But, that is not the end of the world because we understand that as their parents, aunts, uncles, grandparents and friends we have the knowledge to teach them, yes?
You Can Avoid Student Debt
Does this sound too extreme to you? A nine year old with an investment portfolio so she can plan for something that may happen in her 20’s.
Teach Kids About Money
Lessons in money started early for my Little Saver. A significant event happened when she was six. She bought her first pair of earrings.