Issue #15 – 28th August 2020

1) Understands money (to get enough of it)

2) Innovative (developed problem solving skillset)

3) Control over their time and their life


Do you look after yourself, as well as you look after your employer, or your business?

When you think about the effort that goes into your job or your business, how does that compare with the time and effort that you commit to your own personal economic development?


Take the test: Pick one …

  • My effort between my work and my personal economic development is consistent and equal.
  • My effort between my work and my personal economic development is inconsistent and not equal. I work much harder at work / in my business than I do on my personal economic development and my life.
  • My effort between my work and my personal economic development is way off kilter and needs serious realignment now.


Click here if you would like some help with joining the dots to get started.


Financial Planning

Positioning for Success

The above diagram details the difference between a transactional approach to financial planning and a more strategic approach. 

Many people just want a one sentence answer, that tells them to save more money in their Kiwisaver or to buy another rental, and everything is going to be okay!  That is a great example of a transactional approach to personal economic development. 

Last month, we outlined the structure that our clients use to achieve financial independence.  This is important because most people are hoping to retire one day on what, for most, will be not enough money anyway – a bad idea.

Financial independence requires a smarter approach but the good news is we know how to do it. 

Click here to review last month’s training on where to start with your personal economic development.


Mindset Alignment

Align your behaviour with your goals

Mindset alignment is about aligning your behaviour with your big picture goals. 

When your behaviour and your approach to personal economic development does not match your big picture goals, then your chances of success are limited.  Retirement will likely mean not enough money.

The bad news then is that if you are stuck in that transactional mindset, when it comes to your personal economic development, achieving your lifetime goals will be challenging at best. 

Worst case scenario is that you will miss the mark substantially.  That is what most people do, by the way.  Is that what you really want? 

The good news is that it does not have to be that way.  For example, when you develop a simple strategy based on:

  1. what you really want big picture,
  2. what really matters to you and
  3. either learn, get training or get advice, but understand money so that you can get enough of it, you then have a framework for success.

The short of it is, if you need some help, then get help. If you are not sure where to start, refer to the section above, click the link and start there. 

The bottom line is that if you are heading for anything less than financial independence, why stay on that path? 

Do you even know that you will achieve financial success long-term?  If not, do you think it is wise to find out, sooner rather than later? 

One thing you can guarantee is that if you are not on track and you keep doing things the same way that you have always done them, guess what the outcome will be?



Price is what you pay; value is what you get

Over the last few months, we talked about how to invest successfully. 

When you engage with The SUSTAINABLE Wealth Model, you have the opportunity to make the most money with minimal risk.

You also have the benefit of an investing eco-system with complimentary assets.  Sure, Kiwisaver gives you a hands off approach and is easy; however, what is the cost of that long-term?   What is the opportunity cost? 

How much money do you not make when you unwittingly rely on a managed fund that is designed to minimise volatility and limit the amount of growth in the long run?


Property Update – the new rules!

As you know, residential property has been a favoured investment for many people in a number of countries around the world over the last 30 to 40 years.  It is considered by many to be the ‘holy grail of investing’ because of ever-reducing interest rates, easy money conditions and other demand factors pushing the price of property up. 

Things have changed. 

Money is not so easy to get from banks, although interest rates continue to decline but increased regulation is now underway too. 

You will be aware of the recent changes in legislation that affect all residential property investors. 

Perhaps the one change that I did not favour was the requirement for tenant and landlord to agree to a fixed term; otherwise, it switches over to the periodic tenancy arrangement. 

This takes a degree of control away from the property owner and therefore from an investment point of view, increases risk for no gain in return. 

Not the end of the world but from my perspective, the one standout negative. 

The rest of those changes, I thought, were okay and nothing that clients at WISEplanning would not take in their stride.

Click here to read more detail about the new rules …


Forget normal, we are going to be extraordinary!”

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