NZ Business Owners

The challenge we often face in planning for our retirement, is knowing the difference between good and bad advice. In this case, NZ's favourite financial journalist Mary Holm had a slip up that could have cost a person their financial livelihood and it went like this: Question:  "I have $200,000 to invest for my retirement. I am 70. Should I look at a fund or should I just buy a spread of sha...

Jason Greenwood (Founder - Greenwood Consulting) has contributed to the success of some of the biggest players in eCommerce and digital retail for 20+ years. Covid has thrown a huge spotlight on the digital capabilities and cracks in businesses, large and small. Many have realised they simply are not prepared for digital commerce as their primary go to market model. Greenwood consulting  helps wel...

 Quick Fire Finance of the day: "I am 68, semi-retired with an income of $40,000 from part-time work plus my NZ Super and $500 per week from an apartment I own mortgage-free. I have $250,000 in term deposits and would like to use this to bring in some sort of income for when my part-time job ends. Clearly term deposits are not going to do that for me. My options seem to be: · Invest the money...

 Quick Fire Finance of the day: "I am (finally) debt-free in my mid 50s and own my Auckland home, but I have very little saved for retirement. If I sold and moved pretty much anywhere else in New Zealand I could retire tomorrow. But I don’t want to move! Rather than close down my mortgage against my home I’ve kept it in place, with a revolving credit mortgage (approximately 20 per cent of the...

Every New Zealander has the opportunity to make an impact. To share a concept that influences the masses. Point and click. A skill born and nurtured from two concepts: math and art. The mathematics of what converts and the inspiration of a well executed creative. We all have the opportunity but very few have the ability. That's why we are very fortunate to have video guru John Maybu...

Quick Fire Finance of the day: "Having now reached 65 and receiving superannuation payments whilst still employed, I’m seeking confirmation that the government’s annual KiwiSaver contribution of $521 ceases from my 65th birthday. Is there any point in continuing my minimum payment of $1043 to get the tax credit? Is there pro-rated payment from July 1 till the time you celebrate your birthday? Woul...

You can bail me up about this because it's incredibly bias. What I say to counter that is many listeners don't even know what a financial planner is or if it's worthwhile even talking to one. So I thought I'd take this moment to explain the different types and what to look for. Also, if you want your  question answered on the podcast email me at ryan@oneplan.co.nz , send a voice message below...

I first came across Ed and the team at Opes when searching for ways to upskill in the property space because the first word anyone seems to learn in this country is p p p p rroooperty.  I needed a quick and engaging way to learn the ways of the P.  So I looked around but good lord there is a lot of boring shit and poorly constructed sales pitches. They were the exception. Andrew Nicol an...

Quick Fire Of The Day: "I understand that the $521 annual government contribution is worth it. But if that’s the maximum from the government for self-employed, how could they end up with $150,000 from their $100,000 of contributions? Wouldn’t it take almost 100 years contributing to get that $50,000 from the government at $521 a year. And who’s going to work for that long? Or am I missing somethin...

 Quick Fire Finance Of The Day: "Are withdrawals from your KiwiSaver taxable, and added to your NZ Super as income, increasing your tax rate?" Source: NZ Herald 12 September 2020 For those wanting their question answered on the podcast email me at ryan@oneplan.co.nz , send a voice message below or capitalise on our free online tools and advice: Find Out How We Can Help You Get A Free Book and...

Would you pursue something that had a mere 30% success rate? Better yet, would you try learn a completely new skill from scratch without a coach? If you answered yes to both then you’re potentially like me and have a chip on your shoulder so take the hard route just to prove a point. That would be a mistake. If there’s one thing I’ve learned in life, it’s that you don’t know what you don’t know, s...

Quick Fire Finance of The Day: "I invested $5,000 in a crowd-funded start-up company in 2016 with the knowledge that I could well lose the money but also with high hopes that it would pay off. The company has gone into liquidation with no acknowledgement or notice to investors (apart from the obligatory Gazette notice — who reads those on a daily basis?). I learned of the company failure via a NZ...

Quick Fire Of The Day: "My husband and I would like some direction on what to look for when investing $12,000 in the NZ share market. Our objective is to sit on the shares and hopefully maximise returns by the time we retire in 15 years, either through share price growth or dividends. The problem is most advice on “growth” shares has a one to three-year horizon, not our longer term — which I under...

There’s an emerging concept you need to know and it’s this idea of becoming a ‘thought leader.’  We all know a person we respect and admire for their knowledge in a chosen discipline. The challenging hurdle we must overcome is what aspect of our experience and understanding could we be a leader in? Are we allowed to see ourselves as a thought leader? How much experience do you need before peo...

Quick Fire Finance Of The Day: "When our elder son was born in 1988 we were living in the UK and started a £30 per month investment into a unit trust. It was a moderate-risk UK smaller companies fund. It has been a good but not top flight performer. We maintained contributions until early 2015, so have invested under £10,000. The current value, despite Covid is £60,700. I don’t have the Excel skil...

Quick Fire Finance Of The Day: "Is the following a scam? Since getting it and filling out a form, they have been phoning me day and night. Please reply in your column or by e-mail, I’m not answering my phone for that reason. ”AMAZON SHARES INVESTMENT “Register now for free and discover how to profit with Amazon’s shares. Free 1-on-1 Training on How to Start Investing in AMAZON shares!.FIND OUT HOW...

Leadership isn’t a title that can be given it’s a perception that must be earned. A narrative all too common in any organisation where the wrong person is given the right job. A metaphoric dead branch that on the surface is contributing to the efficiency of the office but internally is slowly rotting the culture from the inside out. An issue only rectified by hiring the right person for the right...

Quick Fire Finance Of The Day: "I am 72 years of age and have a KiwiSaver account that I took out about four years ago and contributed to for a few years and then ignored. It’s been inactive ever since. I think it I opted for the aggressive growth fund if there’s such a thing? I have nearly $1 million sitting in a bank at some ridiculous interest rate — maybe 1 per cent or something. Basically I a...

Quick Fire Question of the day: will a trust protect me against the government? Once again for those wanting their question answered on the podcast email me at ryan@oneplan.co.nz , send a voice message below or capitalise on our free online tools and advice: Find Out How We Can Help You Get A Free Book and Subscription To Ryan's Weekly Newsletter Find Ryan On Social Media Have Your Podcast and Aud...

We all know that glum person at work who shuts down any good idea and gossips behind your back or that overbearing boss with unrealistic expectations and no sense of what it takes to get the job done. Whoever or whatever archetype of person you meet has the ability to make or break the culture of any business. So, if you're wanting a mental mind map and formula for connecting w...

Quick Fire Question Of The Day:  "I’ve been thinking about dollar cost averaging in relation to mortgage rates. I wonder if one split their mortgage into say four chunks, each coming up for renegotiation every six months, would they then be guaranteed to beat the averages?" Source: NZ Herald 29th of August 2020 Once again for those wanting their question answered on the podcast email me at ry...

Quick Fire Question Of The Day: "I have approximately $1.5 million in the bank. I have had nothing but trouble and worry with money throughout my life. I invested in mortgages with lawyers, who stole one million dollars from me. I had money invested in Equiticorp in debentures, and I lost that money because Hawkins went bankrupt. I was then ripped off by another lawyer, who I loaned money to. I ev...

Business can be a very lonely endeavour where the difference between success and failure is a willingness to be better than what you were yesterday. To work on your business not just in it. To work smarter not just harder. This is why I asked Murray Phillips the Director of Insight CA to come back and share a more in-depth explanation of what’s needed to run an effective company.  Once again...

Quick Fire Question Of The Day: "I am 40 this year, a single mum with young kids and have been bad with money until three years ago. Since then, I have invested in KiwiSaver and in two ETFs (exchange traded funds), one international and the other local. With a frugal lifestyle for the last three years and these investments I have managed to save about 5 per cent for a $750,000 house. I am based in...

Quick fire question of the day: "My husband and I are in our late 60s and we have the bulk of our savings, over $500,000 each, in a moderate KiwiSaver account with the same bank. Is it crazy for us to use the same provider, putting all our eggs in one basket? What do you think?" Question Source: NZ Herald 29 August 2020. Once again for those wanting their question answered on the podcast email me...