As the new year approaches, you may be thinking about setting some resolutions. But what if this year, you revamped your approach to goal setting? What if, instead of aiming for the sort of targets you imagine other people might think are worthy, you prioritised what you want most – and what might have the […]
Category Archives: Financial Wellbeing
Reserve Bank’s cutting cycle begin
The Reserve Bank cut the official cash rate a full year earlier than it had previously forecast, taking the rate down to 5.25 percent in its August update. It said inflation was returning to the 1 percent to 3 percent target band, and the monetary policy committee had noted that weakening in the New Zealand […]
Investment fundamentals for financial success
Whether you’re just beginning your investment journey or seeking to refine your strategy, grasping the fundamentals of investing can help pave the way for a successful financial future. Let’s delve into some of the core investment fundamentals that can guide you towards achieving your long-term financial goals. Clear objectives Before diving into investing, it’s essential […]
Financial independence: Achieving personal and professional goals
Financial independence is a key life goal for many of us. What exactly the term means can vary a bit, depending on your own interpretation. But generally, it relates to having enough assets and other financial resources that you no longer need to rely on working for your income. Sound like a dream? It doesn’t […]
Why you may need a personal financial plan
Money – it’s a tool that allows us to live comfortably, pursue our dreams, and secure our future. However, managing it can feel overwhelming. That’s where a personal financial plan comes into play. Think of it as a roadmap, directing you on how to handle your finances to achieve your financial goals. Here are some […]
Investment strategies for different life stages
When was the last time you checked in on your investment strategy? If it’s been a while, now might be a good opportunity to put a little time aside to make sure your settings are still appropriate. What works for an investor will change over the course of their life, and it’s important not to […]
Economists bring forward cash rate cut forecasts
The Reserve Bank has stuck to its line in recent months that the official cash rate (OCR) is on hold at 5.5%, and will probably be there for quite some time. Its own forecasts predict that the rate won’t start to move until next year. But an increasing number of economists say that the central […]
Achieving financial success in 2024
As we step into a new year, many of us set ambitious resolutions, and some of these goals might be the desire to achieve financial success. Whether it’s paying off debt, building an emergency fund, or diversifying your investments – reaching financial goals often requires planning and a strategic approach. So, let’s explore some practical […]
How to build financial resilience on a budget
Are you living on a budget? Creating financial resilience may seem like a daunting task. When you’re so focused on covering your daily expenses, it can be easy to put your financial future on the backburner. But here’s the thing: building a strong financial foundation isn’t exclusive to those with substantial incomes. It’s about making […]
What to do when a loved one is caught in an investment scam
In light of the surge in investment scams, the Financial Markets Authority (FMA) recently asked clinical psychologist Nigel Latta to share some tips on how to help those who may have fallen victim to these scams. It’s important to note that scams are becoming more and more sophisticated, and even the most astute and savvy […]