This very informative article was provided by BMC (Business Management Consultancy) Paul Ayers. For further information or Business Consultancy go to www.thebmc.co.nz or email Paul@thebmc.co.nz (Please note; this article was written in January so some events may already have occured, however the article is still very relevant) 1. The global situation: 2. Here in New Zealand: [...]
How does money work?
February 2, 2012 By Leave a Comment
We have all heard that as New Zealander’s we need to learn to save more rather than spend. Impulse buying is quick and easy but finding that money to pay for essentials, once it has been spent is not always as easy. Years ago when my family was young, I discovered that we managed financially [...]
Trust Gifting Changes
December 2, 2011 By Leave a Comment
As you may or may not be aware, there have been some major changes made recently to the Gifting rules. As of 1st November 2011, the limit of $27,000 per person p.a. in gifts to a Trust without attracting gift duty was removed. However, the rules relating to means testing for rest homes have not [...]
Structure guide for property investors
November 6, 2011 By Leave a Comment
Written by Tony Thorne of Thorne Accounting prior to the changes to the LAQC company structure. (I highly recommend Tony who specializes in taxation for property investors) Still Very worthwhile reading to research the best investment structure for owning an investment property Now that loss attributing qualifying companies (LAQC) will no longer exist after [...]
Passive income – Fact or Fiction?
October 30, 2011 By Leave a Comment
People think that passive income is doing nothing all day and making money while they sleep. A myth that a lot of marketers of various types of product happily promote. There are many takers for these kind of products since most people are inherently lazy and don’t want to put effort into the life [...]
financial planning the Kiwi way
October 27, 2011 By Leave a Comment
From an email received from an unknown but obviously Kiwi writer who must have adapted it from an US written article Just imagine…If you had purchased $1,000 of shares in Air New Zealand one year ago, you would have $49.00 today. If you had purchased $1,000 of shares in the AA one year ago, [...]
10 Steps to getting out of the rat race forever
July 25, 2011 By Leave a Comment
Step 1: Assess where you are today It’s not possible to get where you want to be unless you know where you are today! Sit down with your paychecks and your bills and get an honest assessment of how much money is coming in and what’s going out on a monthly basis. Do you [...]
Short Term Finance
June 30, 2011 By Leave a Comment
Uncomplicate your life with a Freedom Loan Criteria Home owners only Max $20,000 although there are options to borrow more upon request Approval in 24 hours credit issues need not be an obstacle Lack of proof of income need not be an obstacle Finance Offer #1 Self Employed Need a helping hand to help with [...]
6 Keys to understanding Asset Protection
June 9, 2011 By Leave a Comment
Excerpt of article by James Burns, Esq. [trafficplayer_skin padding: 29px 0 0 70px; width: 574px; height: 372px; background: url(http://homelinkfinance.co.nz/wp-content/uploads/skin4_500x285.png) no-repeat top left; text-align: left;][trafficplayer_youtube_video width="500" height="285" src="http://www.youtube.com/embed/oKFvM18Y4ws?&autohide=0&autoplay=0&controls=0&hd=1&rel=0&showinfo=0" ][/trafficplayer_youtube_video][/trafficplayer_skin] 1. There is no magic pill or plan Asset protection simply means that you create barriers to your assets so onerous to the opposing party that you [...]
7 Simple steps to effectively reduce your mortgage
May 18, 2011 By Leave a Comment
1. Make larger regular repayments When possible rather than just paying the minimum amount. The average interest rate is around 7.4% If your current rate is much less than this, work out what the repayments would be at the higher rate. You’ll be surprised how much impact this will make on reducing your loan balance. [...]
