What you do with your money — how you spend, save and invest it — depends on where that money came from.
If you make passive income your mission and your target, you may be surprised how quickly it builds.
While a dividend stream generates passive income to pay for day-to-day life, what I really like is the potential back-burner to grow your wealth while that happens.
If you want to make money — whatever route you choose — the road to profit is paved with both opportunity and crisis. No risk, no reward.
Cut the interest rates all you like. But you may as well send a meat lover to a vegan buffet. Plenty to nibble on. Nothing to fill or satisfy.
Over the longer run, tariffs can help rebalance trade and allow other developing countries a go. And allow some local manufacturers to once again start building things at home.
Your stock holdings collapse. The currency tanks. Your gold is unreachable in vaults. What happens next?
Property prices are high. Share prices are high. The bank pays little. So where do I turn for a reasonable investment?
Over the next few weeks, Money Morning New Zealand is expanding our focus. Not just money. But the wider question of wealth. How to manage it. Grow it. Protect it.
Napier Port is going through an IPO for 45% of the company. And unless you live in the Hawke’s Bay, it’s looking very difficult to get any meaningful share allocation.
One of the first tests I run is the ability for the company to maintain revenue. And continue paying dividends during an economic meltdown.