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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 while paying off a car loan and that once that loan was paid off there was no money left over at the end of the pay packet.

When I realized that, I decided that since we, as a family, had managed to live without that amount (whatever the monthly payment was) during the loan period, that at the end of the loan the same amount could go into a bank account instead of paying a lender. I decided that money obviously stretches since you learn to live within a budget.

Even if you put 10% of your earnings into a savings account and don’t touch it, you’ll be amazed at the changes in your financial life. finance, loans, mortgages

Celebrate.

I read somewhere (at the time) that its our viewpoint about money that helps to attract it and that our subconscious ‘past programming’ is a large part of this “consciousness”. All we could afford was the $1 Georgie Pie for the 5 of us so we would go and “celebrate” our good fortune. Gradually opportunities came our way and life changed. finance, loans, mortgages

Love what you do.

If you spend your day being miserable at work then how can money flow to you. Find something you’re passionate about, even if it’s a hobby initially. It’s amazing how many people have made their hobbies into a financial business over time. finance, loans, mortgages

Stop listening to the news about a recession.

More millionaires were made in the last great depression than during the boom times. What is your ‘self talk’ saying? If you’re always looking for the positive in every situation then life can’t help but change for the good. You receive what you believe you deserve.

I used to think this was all nonsense and thought I would experiment by ‘asking’ for a parking space where ever I was going. My thought was that surely I ‘deserved’ to ask for something as minor as that. It didn’t take long and parking spaces just ‘appeared’ even when I didn’t ask but just expected it.

Good Debt Bad Debt

When you think of purchasing the next ‘must have’. As yourself, is this “whatever” going to appreciate or depreciate? A flash car might do wonders for the ego but is worth less than you paid for it as soon as you drive if off the car lot. Add to that the finance charges if you need to take out a loan and it becomes an expensive exercise. Alternatively, if you buy (for example) an investment property then, yes, you do end up with a loan (generally speaking) but you will also have tenants who pay the loan off for you. Over time the property will appreciate (believe it or not in the current market) and the debt will get paid down, giving you extra value in equity, more than what you would save.

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