Activity in the property market continues to show positive signs of improvement, particularly in Auckland and Christchurch. However, mixed signals continue to permeate across the market with client debt serviceability and a net migration outflow keeping at bay the growth being driven from a supply-demand imbalance, net-on-net, look for small continued growth.
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A gambling bill which will change how the proceeds of gambling are managed and distributed is in the process of being debated. The Gambling (Gambling Harm Reduction) Amendment Bill will give councils the power to eliminate or reduce pokies at a venue if the public feels they are harmful, replace corporate societies that distribute proceeds with local committees and ensure that 80 per cent of gambling proceeds are returned to the local community.
Financial literacy for kids is something that Lucas Remmerswaal is very passionate about. A New Zealander, Lucas has written a series of books for children, based on the financial principles used by one of America’s most successful investors, Warren Buffett.
Creating a significant amount of wealth during your lifetime cannot be done by saving alone and usually requires the use of other people’s money. Borrowing money from others to invest in businesses and property is referred to as a leveraged investment strategy.
Financial advisers have traditionally received their income from upfront and ongoing trail commissions paid on insurance policies and investment products they have sold. These commissions, while paid by the product provider to the adviser, are funded from the profits made within the products. In effect, the owners of those products therefore pay, albeit indirectly.
People who consider themselves ordinary often wonder if it is possible to ever achieve the life of their dreams. Such people fail to understand two really important points. The first point, which almost goes without saying, is that ordinary people live ordinary lives, while extraordinary lives are lived by extraordinary people. The second point is that anybody, even ordinary people, can choose to be extraordinary.
It is said the biggest financial risk anyone takes in their lifetime is the risk of running out of money before they run out of life. Everybody reaches the starting line for retirement in different financial shape.
The last ten years or so has without doubt been a difficult time for investors. We’ve seen the bursting of the ‘dotcom bubble’ in early 2000, the Japanese financial crisis, the effects of terrorism on market confidence, the Global Financial Crisis, the collapse of finance companies and the property market, and more recently the downfall of European economies.
Do you shop online? The cost savings are there for a lot of items from books to clothing but our online purchases are hurting our local retailers. What can they do to change the game and remain in business. It’s not about penalising the shopper in my opinion its about the retailers being smarter.
Mind that Gap There are numerous examples of celebrity relationships with a large age gap between partners (Michael and Catherine, Woody and Soon-Yi, Calista and Harrison) and such relationships are increasingly common throughout society. The success of any relationship relies on good communication and negotiation of differences so the needs of both partners can be [...]