Here is a thought to ponder.
“It’s not what you eat but what you digest that makes you healthy. It’s not what you earn but what you invest that makes you wealthy. And it’s not what you learn but what you remember that makes you wise”
Wealth Creation Blog 
Heres a Thought to Ponder
Five dumb money tactics
There’s always a lot of advice around about what you should do with your money. But how about a list of what you should never do with it.
This week financial empowerment coach, Linda Fitzhardinge, shares her “Top five dumb things people do with their money” list. She says these mistakes are common, but irrational. Have you ever made one of these dumb decisions?
Fitzhardinge works with a group called Women Building Wealth, which addresses the financial, spiritual and physical health of women.
“It’s holistic. If you get the wealth side right you then have time to do the health and the spiritual,” he says.
She has been running a series of seminars called A Man is not a Financial Plan which includes this list of five things you should never do with your money. Here’s her advice: Read more…
Bollard lifts OCR to 2.75%, shrugs off gloom in Europe as exports improve
Reserve Bank of New Zealand Governor Alan Bollard raised the official cash rate by 25 basis points to 2.75% today, the first increase in three years, saying the economy is into its second year of a “broad-based” recovery and has largely avoided fallout from the Euro-zone’s debt crisis. Read more…
Wallet tips to save you money!
We all have a wallet, it is the portable command center of our money. Every transaction we make, there is a good chance our wallet plays a prominent part, and more often than not, it involves money leaving you. So that got me thinking, if my wallet is such an essential part of my personal finance, is there any way I can turn it around and use the wallet to my advantage and help me save money? So over the last week, I came up with a few modifications.
Organise your Cash Read more…
Fix or float? Are you dazed and confused about your mortgage?
Should you fix or float? And over what term? These are just some of the questions you’ll be asking yourself if you’re taking out a mortgage or refinancing an existing one.
Deciding whether to fix or float your mortgage interest rate can be a tough decision to make, especially given our recent economic climate.
Wading through articles on the internet and in newspapers can often leave you baffled, so we thought it would be useful to share our thoughts on the various mortgage rate options available at the moment. Read more…
The 2010 budget was not all bad!
The budget was not all bad. It will present investors with new opportunities in the market and also encourage investors to consider this more as a “Financial Business”
Please see the below report written by Steve Tucker Director of Valu it Read more…
Home loan Management Tips
1. Make extra repayments
Both consistent and ad hoc additional repayments such as bonuses and tax returns work to reduce the principal on your loan faster. The earlier in the loan term you begin making additional repayments, the greater the benefit on terms of time and money saved.
2. Make your first repayment on settlement date
Your first home loan repayment will generally be required one month after settlement. Making your first repayment on your settlement date reduces the principal before the first lump of interest accrues on the amount you have borrowed.
3. Look for a cheaper rate with good flexibility
Look for a loan with a low rate that has the flexibility you require to make additional repayments.
4. Pay loan fees and charges up front
Pay establishment fees, legal fees an lender mortgage insurance (if applicable) up front rather then capitalising then into your loan.
5. Cut back expenditure
Reduce expenditure on vices and redirect the money into your home loan instead. Smoking, an after-work beer, morning coffee and that afternoon chocolate fix all add up over the course of the week. Add to that buying at least on lunch breakfast or dinner and you could be putting more then $50 extra a week into your loan.
6. Make use of internet banking
Convenience and cheapness make this an ideal tool to arrange your finances in a way that is most beneficial to you. Schedule payments to go when you will derive the most benefit in terms of your home loans.
7. Make Fortnightly Payments
ONLY if your loan is a principle and interest loan making fortnightly payments can make you considerable interest savings
8. Review your loan regularly
Reviewing your loan regularly will help you to assess its effectiveness. Make sure you take steps to correct any waste if necessary. Remember also the loan structure that was right for you when you bought your home may not be the best for your now. Review your biggest debt annually
For a free review to make sure you are on the right loan structure for you call Beryl on 04 970 1045
Wealth Creation
Protect your lifestyle by having multiple streams of income flowing to you. Some of these may be totally passive and others may be very well time leveraged.
This is an important strategy to put into place to protect your self from any recession or any change in personal circumstances or to simply enhance your quality of life and give you more choices.
Having cashflow strategies can also support and balance your current capital growth strategies you may have.
In order to build your wealth, is it important to have a higher paying job? or multiple income streams?
Think Bigger will from time to time have opportunities presented. We encourage you to become aware of the many opportunities available and work out what fits for you
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