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Was My House My Worst Investment??
I recently read this article “Why Your House is a Terrible Investment” by JL Collins and it really (and I mean reeeeeally) got me thinking I know it is an unpopular question here in Aotearoa, where everyone believes real estate is the ONLY way to build wealth (to be fair, this isn’t just a Kiwi mindset! It seems to be a ubiquitous belief throughout the western world.) But not one to shy away from my money mistakes I thought it was one worth asking. Even with high interest rates and ridiculously high (still) house prices us kiwis are relentlessly desperate to get on the property ladder. No matter how much…
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I Grew My Kiwisaver by 24% (over $27k) in 2023
Let me start by saying this isn’t financial advice. It’s simply a statement of what I did to grow my Kiwisaver by $27,000 (from $113,183 to $140,391) in 2023. And why despite this I am actually looking to move Kiwisaver providers in 2024. 24% Growth in 1 year – an increase of $27,000 Of course a 24% increase sounds impressive, but the truth is that Kiwisaver has been the easiest way to grow my wealth I’ve ever found – joining was simple and now a % of my wages is automatically deducted from every pay before it even makes it to my bank account. So I don’t have to do…
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From $0 to $4600 in Investments in a Year!
Sharesies kindly informed me today that I have officially been investing for a whole year! That’s a whole year of consistently investing every payday. It’s fair to say 2023 was a big year for me – cutting my expenses by $23,881 and starting to invest. And my 1 year anniversary is as good a time as any to take a moment to look back on my investing journey so far. What has gone well. What hasn’t. What would I do differently. And what I am going to keep doing (at least for the foreseeable future) Starting from the top…. What has gone well I should say Nvidia as my…