Most people earn money by working – trading our hours for dollars. How about making our money work for us? This is what investing is about – putting our money into assets like shares, bonds, and bank deposits where it will grow and and make even more money for us over time.
What can we achieve when our money works for us? Perhaps we can live a better lifestyle, work less and spend more time with loved ones, or fund a comfortable (and potentially early) retirement. Or it could result in having the means to support your child’s future education needs, or the purchase of their first home.
Fortunately anyone can start investing, and thanks to the internet, can do so from anywhere in the world. You don’t need a lot of money to start either. Investing works better the longer you give your money to grow. So the best time to start is now.
How much money do I need to start investing? And what are the ways I can invest?
Where to Invest?
What’s the difference between all the investment platforms out there? And what fund should I invest in?
What’s the difference between various bank savings accounts, and what are the best accounts for managing your everyday finances?
Sort your KiwiSaver
KiwiSaver tips, and a comparison between the country’s cheapest KiwiSaver funds.
My favourite investing advice
- Take action. The best time to start investing is now. There is no such thing as not having enough money, or being too late to start.
- Stay the course when the financial markets are volatile. Don’t panic sell. Instead buy more shares while they’re on sale.
- Never invest in something you don’t understand.
- Don’t be greedy or treat investing as a get rich quick scheme. It’s a long-term game.
- Always have a positive attitude. Absolutely anyone can take action to improve their financial position.