Issue #1 – 24th May 2019

1) Understands money (to get enough of it)

2) Innovative (developed problem solving skillset)

3) Control over their time and their life

Welcome To The Integrated Individual

This is our new fortnightly newsletter which for WISEplanning clients will alternate with the Market and Economic Updates each week from now on. Each newsletter you can expect to find a similar format discussing topics on Financial Planning, Mindset Alignment, and Investing.

Feel free to send us your feedback – we would love to hear what you think!

Is it the Money?

The ongoing relentless pursuit of ‘money’ (assets – money in the bank, property, direct shares, your own business, Kiwisaver, etc) from the outside can look somewhat self-serving, simple-minded to some and downright wrong to others. “I was brought up in a house where money was considered a form of moral poverty” – this was a comment from a client of mine in Wellington 20 years ago. One of my team recently suggested I was very focused and driven by money. I quickly corrected her by clarifying that indeed, money is just the score card. It is really what money can do for me and my family that matters. The money, for me anyway, is just a means to an end.

Financial Planning

Positioning for Success

Plan?… what plan? – we do not have one. Over 35 years, this is the most common response (about 95% of the time), when I have asked that question of prospective clients. This does not mean that they are not doing anything but typically, Kiwis have a superscheme at work, Kiwisaver, invest in residential property or might be in business.  This approach can work but generally does not. We know this because 95% of Kiwis do not have enough money at ‘retirement’ (whatever that means). Most never achieve real financial independence. THE PLAN, is a real good place to start.

 

Mindset Alignment

Align your behaviour with your goals

Mindset is really about your behaviour. In short, it is about lining up your behaviour with your big picture goals. Off the cuff, without thinking too hard about it, how well would you say your behaviour is matched to your big picture long term goals? Those few (5% of New Zealand’s population) that have total financial independence or are on track to achieve it are not necessarily more educated or even more intelligent than others. Their behaviour is the difference. It is well aligned to their big picture goals and is supported by a proper strategy or framework, which in turn is driven by a step by step financial plan. 

 

Investing

Price is what you pay; value is what you get

Protect capital and do not lose money – rule number one. Many mistakenly believe that “where” they invest is the key to protecting their money and making it grow. Many Kiwis favour term deposits in the bank. Then, increasingly Kiwisaver is becoming more popular. Of course, property gets a mention because some have been very successful with residential property investing in New Zealand. The secret, if you like, to successful investing is a proper methodology – “how”. At WISEplanning we have adopted the value investing approach which has proved reliable and successful.  We have developed this approach to the point where we can apply it across direct shares, residential property and your own privately held business. THAT… is a winning strategy that you can rely on.

 

“Action is the Foundation of PROGRESS – key to success”

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Attention: Any form of reproduction, or further dissemination of this content is strictly prohibited. The views and opinions expressed are those of the author, and are not necessarily those of WISEplanning, and are not intended to be a personalised service for an individual retail client. The views and opinions are general in nature, and may not be relevant to an individual’s circumstances. Before making any investment, insurance or other financial decisions, you should consult a professional financial adviser for personalised advice.

Any calculated projections or any predictions given by me to you are not guaranteed and are merely an expression of opinion and are intended for illustration purposes only.
Product performance can vary over time. The payment of a particular rate of return and the repayment of your capital is not guaranteed by myself, the company or any of its officers,  Historical information and performance may not necessarily be a good guide to future performance.

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