All in Mortgage

Mortgage be gone!

People tell me that they are investing quite large sums of money in order to get a return but at the same time they have a mortgage. My short and sweet response is typically that “in my humble opinion, you can’t make money while you owe money”. Once I’ve uttered my opinion the fireworks often start.

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?”

House Building 101

The slow moving trainwreck that is the NZ housing market continues on unabated. Those wanting a first home can’t buy one because those owning many homes keep buying them to rent them out to those wanting to buy a first home but can’t afford them…