All by Ruth
This week I received an email from someone who has stumbled upon the big wide world of investing and at the age of 40 has suddenly had their mind blown with the possibilities. He specifically asked about index funds and I also knew I had met a kindred spirit when he said: “compound interest is a new favourite term”.
So far, in 2019, we have spent exactly $240 on eggs. We buy them from a woman who lives up the road who has chickens (obviously) and every Monday she drops them (or places them gently) in my mailbox, then I jump online and pay her $5 a dozen. That means we have eaten 48 dozen or 576 eggs this year to date. The moral of the story? PocketSmith can give you some detailed figures IF that is what you are looking for.
Sharesies has lowered the barriers to entry for those wanting to enter the share market and they set about serving a previously underserved demographic. Sharesies has helped people see that becoming a share investor is another viable way to grow your wealth in New Zealand. They are now giving you the chance to buy shares in individual companies and spend as little or as much as you like.
There are no two ways about it. Overseas travel ain’t cheap. It’s awesome. But it sure ain’t cheap. We said to ourselves that 2019 would be a ‘stay at home’ year because we have bills coming up, there is not enough in our travel fund and we can’t afford a trip this year. But how have we managed to do it, despite saying we couldn’t afford it this year?
I might as well cut to the chase. I loved this book! None of our lives are linear, we all have twists and turns along the way and everyone is on a different journey. For the author of this book, Scott Rieckens, one big fork in his road came when he stumbled upon the concept of FIRE while driving to work listening to a podcast.
Are you a net worth millionaire? Do you want to help me help other people reach this important financial goal? Before you become alarmed that The Happy Saver is trying to sell you something, fear not! I’m not! For quite some time I’ve been mulling over HOW I can add a section to my website where I let readers of my blog share how they have achieved their own financial success. I want to hear from all of the New Zealand millionaires, please.
Those of you who have read my blog for a long time have been on a journey with me as I teach my daughter, now 11 years old, about how money works. Like every parent, I’m just making it up as I go along and I’m slowly working on her education around how money and life interact. So far, I’m pleased with how things are going and the time has come for her very first bank account.
Since January 2016 I’ve been drip feeding money into the SmartShares NZ Top 50 fund (FNZ) on a monthly basis. I thought it might be interesting for you to actually see what someone else’s ACTUAL investment looks like because chances are that no one else is going to show you their account balance ;-)
