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The latest personal finance and investment news and views from Liz Koh

Liz koh

Rent or Buy?

Rent or Buy? Property prices have fallen significantly over the last two years making houses much more affordable than they have been for some time. Despite this, buyers are still in short supply. The most logical reason for this is that buyers expect prices to either continue dropping or to at least stay flat for some time. This creates a dilemma for first home buyers and people moving towns; is it better to rent or buy ...


Spring Clean Your Investments

Retirement Savings Spring is in the air and it is a good time to take a fresh look at your retirement savings plans. There have been many changes in retirement savings in recent times that mean you should review any schemes you signed up for prior to the introduction of KiwiSaver in October, 2007. At that time, a new type of savings and investment product was introduced, called a Portfolio Investment Entity (or PIE). The...


Make Money While You Sleep

Make Money If financial freedom is something that you strive for, then no doubt you’ve pondered on how to get there by creating multiple streams of income. Many people dream of being able to sleep soundly at night, knowing that money is rolling effortlessly into their bank accounts, enabling them to retire earlier, work less, or achieve their other goals faster. For some, the dream is a reality; for most it is a wish th...


How to Rebuild your Wealth After a Recession

Rebuild your Wealth Coming out of a recession is like emerging from winter into spring. There are opportunities for new growth if you get rid of the dead wood and prepare for the new season. If you have lost your job or lost income there are four steps you should take to rebuild your wealth. Focus on Survival The first priority is to make sure you are living within your budget. A lower income means your expenses need to ...


Don’t Just Retire: Reformat!

Dont' Retire: Reformat! The word ‘retirement’ conjures up a range of confusing or even contradictory feelings for people these days. Once upon a time, retirement was a defined day, usually marked by a birthday, after which any form of paid employment ceased immediately. A combination of factors, including the end of compulsory retirement and increased longevity, mean that people are now working well past the age of el...


Guide to Retirement Villages

Retirement Villages Retirement villages are a great option for people who want a degree of independence in retirement but with the added benefits that come from communal living. There can be significant differences between retirement villages in terms of facilities and costs and it pays to do your homework before signing an agreement so as to avoid making costly mistakes. There are four basic legal titles commonly used fo...


Make your Mortgage Manageable

Avoid a Mortgagee Sale!  Mortgagee sales are on the increase as a result of the recession and the property market downturn. If you are struggling with your mortgage payments how can you avoid having to sell your house? Here are a few tips that could help.  One of the first things you should do is talk to your lending institution or a mortgage broker. Your lender should be willing to work with you to find solutions to yo...


Money Conflicts

Money Conflicts According to the experts, arguments about money are one of the main causes of conflict in relationships and are also one of the key reasons why relationships end. Differences between couples over how money is spent, saved or earned arise largely from different attitudes towards money and risk, and different money values. Very often these attitudes and values stem from childhood, but not in a predictable wa...


UK Pension Transfers

UK Pension Transfers Immigrants from the UK and New Zealand residents who have worked in the UK usually find themselves leaving behind their locked-in pension funds when they arrive in New Zealand. This can present a number of difficulties. Once you become eligible for payments from your fund, you will need to pay tax on those payments as well as bank transfer fees. You will also be exposed to exchange rate changes so tha...


The Eight Worst Credit Card Mistakes

Credit Card Mistakes Credit cards are one of the most useful yet also one of the most dangerous modern financial inventions. Use them wisely and you can make money from them. Use them unwisely and you can lose everything you have. The worst mistakes you can make with your credit card are:   Paying only the minimum balance. You will lose the interest free period on new purchases and it will take a long time to repay y...


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