Blog: Financial Planning

Stay up to date with the latest news and happenings with the Lifetime blog. A library of thought-provoking articles to inform and enlighten on all things loans, insurance, investments and planning. 

What do travel and retirement planning have in common? At first glance not much, however, whilst visiting the UK recently I was reminded of this saying at the London Tube stations – “mind the gap”. Most visitors to London have heard the words “mind the gap” when travelling on the tube.

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One of the fundamentals of investing is the time value of money. If you make an investment with your capital, you need to be compensated for the use of your money. Generally speaking, the longer the investment term the higher the return.

OPINION: Whether it’s a bach at the beach, house in the suburbs or small apartment in the city, the prospect of owning an investment property has long been part of the Kiwi dream.

According to Statistics New Zealand, residential property now accounts for 32 per cent of all Kiwis’ investments (as at March 2017) – making it the highest share of investment New Zealand has seen in 45 years. This comes despite concerns about primary residential home ownership levels. 

by Lifetime in Financial Planning

Smart business owners are now leaning on specialist advisers to negotiate improved banking structures. But exactly what does this service entail? Lifetime’s Financial Advisers Neville Whitworth and Richard Craven share tips on how your business, in certain instances, could save tens of thousands of dollars a year.

by Lifetime in Financial Planning, KiwiSaver

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.

The right insurance can be the answer to navigating the uncertain seas ahead.  But what exactly should business owners do to get the most bang for their buck? 

In psychology (the science of mind and behaviour) and decision theory, loss aversion refers to people’s tendency to prefer avoiding losses rather than acquiring equivalent gains. Some studies have suggested that loss aversion is twice as powerful, psychologically, as gains.

OPINION: Have you ever stopped to consider just how much you will earn during your working life?  

If you have a few minutes it really is quite useful to do - even if you’re not a number cruncher. All you need is your current gross annual income and how long a period you plan to stay in the workforce.

Money often appears to be a taboo subject in relationships, it can be the catalyst for unhealthy discussions and frequently blamed for fractured partnerships. What if both parties could sit and make a Financial plan for their joint goals assisted with the help of a Financial Adviser?

Make it your year to get your finances in order and use your money goals to guide through the next twelve months. Lifetime financial adviser Allan McNaughton reveals the most beneficial resolutions to make.

The end of the year is the perfect time to take stock of your financial situation and plan for greater success in the year to come. Each year I set aside time to review my current financial portfolio and map out my next steps in becoming more financially fit. Whether you want to tackle your debt or start building a wealth portfolio, it’s never too late to start improving your financial bottom line.

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.

Looking at some recent research, I found a study that outlined that women in the EU receive 40% less in pension payments than men do. What alarmed me with this is that this is a much bigger gap than the often talked about gender pay gap, but it is the gender pay gap that is the main cause for the pension pay gap in Europe. 

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.

Lifetime Group is hardly recognisable from the organisation it was 12 months ago. With a completely refreshed management team, ambitious new strategic direction and an industry first training platform, Lifetime’s new world order is now well in play.