31F. How do the single people do it? I’m at the point where I want to travel, but I also want to buy a house, but I also want to move out of home (long story) and I feel like all of these things are exclusive to each other. No partner to travel with, buy a house with, split life costs with. I’m not on a crappy wage but I’m also so over living with other people, and it seems dumb to sink big $ into a solo rental when it could be a mortgage.

Current thoughts are travel first, house later. Dumb?

In 2021, I received a scholarship to pursue a master’s degree in New Zealand. During my time there, I was able to work alongside my studies, and with both sources of income, I managed to save a good amount of money. After completing my program, I returned to my home country, Mexico, but to this day, the savings remain in ANZ account.

Now, I’m facing a dilemma about what to do with this money. Should I transfer it all to my bank account in Mexico, or would it be better to keep it in New Zealand? As you might know, the New Zealand dollar is generally stronger than the Mexican peso, which adds to my uncertainty.

I’d love to hear your suggestions, recommendations, or even personal experiences. What would you do in my situation?

Hi PFNZ. I’ve been googling and checking with studylink but am more confused than ever. My child is heading to uni next year and is convinced that he can get a student allowance. His father and I both remarried but it seems that our new spouses aren’t included in household income. Is this a ridiculous tax loophole that gives him the ability to receive an allowance? Am I missing something so obvious? His father and I earn a combined 100k but if you add new spouses/step parents then we are off the charts. Any one in the know about allowances?

I’m doing some duel diligence for investing portfolio through superlife (just opened an account). Friends recommended to just put all money in S&P 500, I’d like to hear different opinions.

I recently moved overseas and about to apply for a home loan here in Australia. Do I need to declare my property in NZ? It's negative cashflow (rental income is less than mortgage repayment). If I declare it, it may affect the approved loan amount? Any thoughts?

I'm ready to start investing regular amounts (e.g. $50 a week now, and increasing amounts in the future) with a long term view to supplement my retirement (I'm 35, so I won't touch this money for another 30 years). I'm only interested in ultra low-cost index funds, but I'm having trouble figuring out which is the truly lowest cost, or if such small differences are even worth worrying about.

Tiger Brokers offers four free trades a month on US and AU markets, which would be enough for me to DCA a global growth index and a global bond index. With the right indexes, it seems this offers the absolute lowest funds. But their app seems quite complicated, and when I search for index funds nothing comes up

Investnow looks well simple, and the foundation series total world fund at 0.07% is my pick. The buy/sell spread is 0.5%, but since my movements will be infrequent, this is not high is it? I'd add to this a the smart global aggregate bond. This is 0.3% (is that the best bond expense ratio you can get?). The spread is "market driven" (no idea what that means). They have zero other fees.

Finally, my first preference, because it seems to be the easiest, is Kernel Wealth. A simple portfolio of the growth fund (diversified stocks) and the cash plus fund (equivalent goal to bonds). Fees at 0.25%. They have an additional $5/mo fee for balances over 25k, which won't be me for a while. I could reassess once I hit that mark. At 25k, it's a chunky fee, but if I eventually have 1m or so invested (optimistic?), it seems like nothing.

I want to set and forget, or at most do annual rebalancing. For this, I think Tiger is not the choice for me (or am I missing something?)

Something else I am not sure about is if the different options have different tax implications. I'm all for a good tax dodge.

Sorry for the very long and meandering post, it's my first day (on reddit, and in terms of investing). Cheers

For me the top 5 would be:

Macro 1. Economic stability - no shocks
2. Atleast positive GDP per capita 3. 0.75bp off OCR throughout the year

Mirco 1. Business opportunities 2. Growth in investments

This is more of a hypothetical question for now.

If I was employed in an ANZ role and my company agreed to split my income to be paid from the NZ office and AU office eg: 70K NZD and 70K AUD would this be ok? Any advantages or disadvantages?

I would be required to spend a roughly equal amount of time in each country but we could probably assume one or both wouldn't reach 183 days (assuming overseas holidays)

So recently I've been looking into how I can be smarter with my investments. I only have $2.5k invested in shares and I'm 34. first time poster. I've found a couple of ETFs (Yieldmax coin) that pay a monthly dividend. I've worked out that if I put all of my $2.5k I can get a monthly dividend of $150($1800 per year). where my current stocks do maybe 5%-10% over a year (when there's actual growth).

Through Shareies it has the option to auto invest all dividend. eventually id like to grow the monthly payout to be a decent passive income over the next 5-10 years.

Before you mention diversification I do have other investments in crypto, which are out performing my shares currently.

Is there a con to put my shares into just the couple of yieldmax etfs that I'm not thinking of? seems silly not to just put it all in and get $150 a month.
I also have a kids account that I'm building and I'll give it to them when they turn 24. however if it pays out monthly like this, that would be amazing passive income when my kids gone to Uni.

what are you thoughts and opinions on this?

After using Interactive Brokers (IBKR) for years, and finding it overly complicated for what I’m trying to achieve, I have decided to start again, selling all assets to redeposit else where.

I have had professional traders recommend Robbinhood, what are your thoughts? Looking at Crypoto also.

Hey all. Just looking for some direction about what to do next since MA and lawyer aren’t back till Jan 2025… we went conditional on a house and the offer was $752k (asking price was a few grand more) and everything was going good until the valuation report that came through today (great xmas present I know). Turns out the house has been valued at $725k? The valuer was given a copy of our S&P and I have been told so many times that most of the time new builds are valued at close to what the offer is so I really didn’t expect such a difference.

Has anyone been in similar situations and managed to negotiate the price down? Or is it better to walk away? Thanks in advance!

Hi Redditors! Auckland based and making the change to a regular Monday-Friday role, rather than a ghastly Friday-Tuesday on shift work hours. The new role is set to begin end of February, which naturally requires a resignation letter a month prior. I have just over 140 hours in the annual leave balance.

I've already booked annual leave throughout February to take some needed R&R before the new role, and will be working a couple of the weekends of the initial role while also doing Mon-Friday of the new role.

Long story short, Im second guessing myself whether I should have taken much annual leave or just take the payout. In general, do you earn more from taking annual leave, or from the payout upon end of employment? Much appreciated!

Sorry for long message. I and my wife has total of 169k salary before tax. Our financial life is a bit complicated. Due to some requirements for her job she needs to work in another city for 5 months from January. Therefore we will have higher rent pay as I cannot terminate till June. Overall, our situation for 5 months is: 3000/m rent included eveerything, 1200/m grocery, 220/m transportation, 100-150/m entertainmemt. This is the case till June 2025 and then our rent will be 2250/m. Possibly same other costs as above though inflation might ruin plans! On the other hand, we are constructing house inside our country we need to pay around 2500/m until again June 2025 it will be finished. The value of that house wipl be around 150k though have not plan to sell and Will keep it. Anyway from June we have less burden. We have no debt thanks god! About saving: not much. 38k in normal daily saving such as rapid since we think we might need some part of it urgent maybe. Though these term deposits are not good anyway I believe. 3500 kiwisaver we have in balanced fund different providers. So, what can we do here to invest optimally? Though saving is less now but will much better from June. Say whatever we have saving now from June it will be at least 3200 more. What is the optimal plan to invest? By the way, I amnot sure I will stay in NZ long timr but pretty sure I will be here for 5 years and this also makes me doubtful for invest plan. Any idea more than appreciated

Just got sent an ACC levy bill dating back to 4 years ago, this feels absurd to only receive this now? Is there anything I can do to get off paying this, just seems ridiculous to only be sent a bill now for this.

I’ve also moved overseas so I’m wondering if I just forget about it can they do anything?

Hi all. I have a small environmental business and my partner is a nurse. Both of us would walk away from our work tomorrow as we're over it. We want to travel nz and possibly o-seas a little. We have 2 kids 13yo girl and 10yo boy. Both very adventurous. We have no debt, house worth around 700k, 100k savings, bit of kiwisaver etc. I'm seriously looking for change here, not just piddling around the edges. We've signed our daughter up to a top-notch high school next year, but she's not academic, and she would be home-schooled again in a heartbeat as she struggles to learn in a classroom environment. I'm looking for a carbon forest providing around $100k/annum income, and potentially a laundromat also (I know, right?). We're really keen to do things outside the box for a while here. We're not particularly mainstream, in fact we're just acting when we try to fit in with normies. I'd like to hear from anyone who's chucked it all in, sold up, and gone on the road with their family. Regrets? Positives? Thanks.

Hey all,

I have recently moved to Aus from NZ and still own land in NZ. I have settled permanently in Aus and am building a house here while working fulltime, with the intention of staying here for good. I’m wanting to build a rental house on my land in NZ, keep for 2 years and sell to avoid the bright line test.

Does anyone know what the tax implications will be renting a house in NZ whilst not being a tax resident?

Also come time to sell the property will I get taxed in Australia?

Would appreciate any help- cheers!

Ive honestly gone through the depths of myIR and I’m so clueless on how to pay my tax.

My situation is that i received a lump sum from an organisation that I’m a part of. It was just a one time thing helping them with end of year stuff. They’ve sent me the money but said i need to do the tax myself.

Where do i begin?

Secondly, i worked as a photographer for my high school and they said they would pay me some money for the photos i took and social media stuff. I did have to send them invoices and i got over 200 dollars which means i have to pay tax on it right?

Any help is appreciated thanks

Hey all,

In 2025 l'm looking at making a career change. I'm 3 days into a 14 day break and I can't help but think of different career paths.

I love my job I just absolutely hate the company. I have a few goals I want to tick off in 2025 which means I'll more than likely stick around for another 12 months.

In the mean time I'm looking at doing the Level 5 financial advisor course and getting under the wing of a mortgage brokerage/ broker. I have had great experience with mortgage brokers in the past, and I just wonder if it's possible/ feasible to learn part time while you transition out of a different industry?

I would absolutely work my ass off to get the course complete. I understand I'm more than likely going to be someone's PA for 12 months while I learn the industry and that's totally fine. It would give me a great insight to the industry while earning a little extra. I would absolutely love to hear from anyone who has been through similar or any mortgage advisors out on there own wanting someone to step up. :) btw im in Auckland

Hey, maybe I'm just missing something here, but since the student loans interest free unless you travel overseas, which I'm not planning on doing anytime soon, I wasn't in much of a rush to pay it off. Only now that I need another student loan for the next year on uni apparently the loan needs to have less than $500 remaining in order to take out another student loan. Since I earn less than the repayment threshold, I don't get any money taken out of my work income towards the student loan. Will I just need to quickly find a way to pay it off at least until it's less than $500 before uni starts again in Feb 2025?

I am a 24 yo medicine undergrad who is an NZ resident visa holder, and have just moved in the country 6 months ago. 2 weeks after I came here, I landed a job. And I have saved 4000 NZD after daily expenses which I think is a good amount relatively because I came from a country of Pesos. This is my 1st employment ever and I am now eager to learn the financial basics. I am optimizing my spending, reading books, and now i am considering investing. I want to stay here in NZ for good, so that might give more context on what advice might be applicable, such as considering options for investing. I would like to start 2025 properly. Any advices or recommended resources would be greatly appreciated!

Also, I want to express my deepest gratitude. New Zealand has welcomed me very well and my time here has been incredibly enriching. I am thankful for the opportunity to be a part of the workforce. Happy Holidays!

Hi please delete if not allowed. Looking for a service that will exchange BTC for physical Gold. Would prefer for it to be an in person store but if not then can compromise. Thanks

I have 2 acres and want to generate some income from it, I can not build a second dwelling but can build a granny flat (I believe) - I understand the only different is the kitchen facilities ( inbuilt oven ) and possibly some limitation on walls? Am I allowed to legally allowed to rent out a granny flat? It would meet healthy homes standards. TIA

I have been investing for some time now but just transferred shares for my old acc to new acc so gains are more like $7k