Research has shown, time and time again, that Kiwis are more likely to get their Wills set up after a life changing event. From getting married to having your first child or buying a house, these are the occasions that often prompt us to think about the future. Think these are the only reasons to get a Will? Find out why you might just want to consider protecting your future now.More
As the housing market remains hot and the Reserve Bank dishes out stricter lending rules to New Zealand’s major banks, many first-time home buyers, often younger people, are finding it difficult to get their first mortgage. For many of you, this will be affecting your nearest and dearest, and it’s you, as family, they’re looking to for assistance. Lifetime’s Financial Adviser Robbie Crawford has a few tips (or mortgage hacks) for those hoping to give their loved ones a helping hand onto the property market.
With most banks requiring a 20 percent deposit to obtain a home loan, raising the initial capital can be the most difficult part for many first-time buyers, here’s how you can help.
I grew up in South Africa, a country in which once you leave home and get your first full-time job, your parents immediately ask: ‘Do you have your health insurance sorted?’
For me that question came at a time when all I wanted to do was buy a lounge suite with my first pay cheque. But, knowing that I had to prioritise my health, the furniture had to wait.
There is a public health sector in South Africa but it is chronically understaffed and underfunded, and the wait times are astronomical. This means we’ve learnt to adopt a culture where health insurance is just another one of those protections you need.
If I’m going to insure my belongings – my car, my contents, my house – then why wouldn’t I protect my biggest assets – my health and therefore my ability to earn an income?
When you analyse the habits of those considered financially successful, you start to see trends in their everyday behaviour, Julian Lingard says.
1. They keep learning
Once they’ve identified areas in which they want to gain wealth, they start educating themselves in those fields.
Invest in your self-knowledge by reading the relevant books, following the right bloggers and spokespeople, and keeping up to date with policy changes in the news. A lot of websites in New Zealand even send daily or weekly updates to your mailbox. There are tons of resources out there (although it’s important to first check their credibility) that will help educate your financial decisions.
Research has shown, time and time again, that Kiwis are more likely to get their Wills set up after a life changing event. From getting married to having your first child or buying a house, these are the occasions that often prompt us to think about the future. Think these are the only reasons to get a Will? Find out why you might just want to consider protecting your future now.