If you happen to have cash in your wallet right now, take out a note and have a look at it. It’s just a piece of paper. It has a picture of someone famous on it, a few words and a number. That’s what money is.
In real terms, it is a medium of exchange created because bartering got a bit tricky, e.g. how do you value your cow when you want to swop it for a sack of grain. But, as you will see, not all dollars are equal!
Sounds all very rational doesn’t it and it kept the economists happy. But the economists forgot a very important point. We aren’t rational! So, when we see the piece of paper with pictures and numbers on it, we see a lot more than a symbol to buy stuff. We see all sorts of emotions and meanings and it’s different for men & women. Continue reading →
Have you ever done something and then afterwards scratched your head and thought, “what on earth was I thinking!?” Welcome to the world of being human. We are not rational and despite our best intentions, there are going to be times when we do odd things.
Firstly, let me say thank you for being part of our community. I know that we can help you achieve your goals, personally and financially and live a lifestyle you love.
You may have noticed that more and more women are going into business for themselves as consultants, coaches and small business owners. Which is fantastic to see! But there is a problem. Continue reading →
Funny how songs have a habit of popping into our heads. I was wondering why this song – You Don’t Bring Me Flowers popped into my head this morning as I was walking from the train to the office.
A lot of our week has been meeting with women in business. They’re busy building their businesses, looking after their children and their homes. Then at the end of the day, they are just too tired to relax and enjoy the time they have with their partners. Continue reading →
Saving money. We all know we should be doing it for retirement and have money tucked away for a rainy day. But it is harder said than done.
The reality is, if you don’t pay yourself first, you will end up paying yourself last and there won’t be anything left!
But saving money just isn’t as much fun as spending it. Saving money for retirement is just too far away when you are in your 20’s or 30’s, having the newest and latest piece of technology is much more exciting.
Wow, what an eye opener. I have just watched Nigel Latta: The new Have’s and Have Nots. What a powerful documentary about the changes in the New Zealand economy, the impact on families and the widening gap between the have’s and have nots.
I highly recommend that you watch the documentary, but if you can’t spare 44 minutes, then these are the key points that I picked up from it.
We have a new ‘class’ in New Zealand, The Working Poor. These are the families where both parents work full time, and still don’t have enough money to meet the day to day needs of their families.
If something goes wrong and they need to borrow money; say for car repairs or a family funeral that is out of town, they have no option but to borrow money. The banks won’t lend it to them, so they end up in the hands of the loan shops, who will happily lend them money at 10% interest. That didn’t sound too bad until it was clarified; that was 10% per week!! When you are desperate you tend to think in terms of immediate needs, and don’t calculate the longer term costs so the situation just keeps getting worse.
The statistics are scary. One in five families don’t have enough to live on. One in three families couldn’t survive more than two weeks if the main breadwinner lost their jobs. A staggering 55% would run out of money in four weeks. Continue reading →