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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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Monthly Money Review: February 2024
I know February is a short month but good god it went fast! The start of another month means (yes, we are one month closer to Christmas and also) it’s time for a monthly money review. Just a quick recap: I share these updates where I publish my financial numbers for the whole world wide web to see as one part of an accountability process to keep me working towards my money goals for 2024 (the other part of my accountability process being my monthly finance meetings with my brother… which I really should write a post about, they’re so good) Where January was something of a disgraceful month, February…
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Monthly Review: January 2024
Part of setting financial goals – or at least achieving them – is having accountability. A process by which you hold yourself accountable for doing what you say you are going to do. I have 2. Firstly my monthly money meeting with my brother. I put him on the path to FI when I bought him The Simple Path to Wealth by JL Collins (if you haven’t read it, it really is a life changer) for his birthday last year. Now that we’re on this financial journey together we meet on the first Wednesday of every month to go through our spreadsheets – and generally have a good gossip. It’s…
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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…