💰💰 Buying homes, investing in stocks, building an empire. That's what this channel is all about! 💰💰
Are you looking to buy your first home, investing for the first time, saving towards a goal, or perhaps a combination of these? This channel is for you! My name is Brent and here on the channel I share videos in the personal finance and investing space. These two broad areas are significantly underrepresented in school curriculums, and through my videos I hope to bridge this gap for an audience of any age and geography. If you'd like to learn more about better handling your money, please make sure to subscribe and click the bell button to ensure you don't miss any of my future uploads.
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Now tell me why moving and working over there, isn't a good idea
So whats the best credit card
but you earning potential is on average $500 per week higher in Australia, compared to NZ.
TLS won’t grow unless they retain earnings to reinvest.
useful info, awesome
Glad you liked it
I was fortunate to start a professional job in 1991 that had a company super. Then not long after that, the SG was introduced. Having super, rolling it into one super fund, choosing a growth oriented investment option and salary sacrificing when I could over my working life so far, has put me well above those tables. And this is exactly what the SG is designed to do, as I will be one of the many who will be retiring in great numbers in the near future but will be able to do so without being a heavy burden on welfare and the tax system. I only wish I’d started *any kind* of consistent post tax investing program at the same time back then, as I probably would have had enough to have a self funded retirement by now! When I started work, I had limited financial literacy. This has to change - and channels like yours Brent, are helping to do this.
Thanks Brent
Thanks for watching!
buy and hold $GME
first. great video bro
Could you do a video about the top 5 savings bank accounts in NZ?
High salaries and prices are rip off so pointless
just came across your YT, great stuffs,mate. Really good research! ANZ 1 year rate lowest I seen is 6.72% now, it was 6.85%. Subscribed, look forward more upload
Thanks for watching! Rate cuts at ANZ as high as 0.3% tomorrow according to the news!
Thank you for the great video, Brent🙏🏻 Keen to see more macroeconomic topics😊
Love the topic, hope to make more in the future! Thanks for watching! 😁
ASB visa ligjht all the way
Not that it matters too much but I am fairly sure is it pronounced Nick Skah lee or scar lee not like a Scaley reptile
Hahaha thanks for letting me know! Will keep in mind for next time
Great video and so well explained! Looking forward to seeing more content on interest rates / mortgages👏
Great video! Thank you.
Glad you liked it!
how do they monitor traffic over in N.Z
I found the below on the data.govt.nz website Data: State Highway traffic volumes monthly reports 2008-15 Source: NZ Transport Agency Data: GDP quarterly reports Source: Statistics NZ When the New Zealand Transport Agency began releasing its national traffic volume data in 2012, the ANZ Bank took a close look. The bank focused on key traffic routes and applied statistical techniques to smooth out anomalies and address gaps in the data. It then looked at light traffic (cars and vans) and heavy traffic (the trucks that carry goods around the country) and mapped each to the quarterly GDP reports published by Statistics NZ. The ANZ found that heavy traffic volumes showed a strong contemporaneous relationship with GDP - that is, when heavy traffic volume grew in a three-month period, GDP also grew in those three months. This was not entirely unexpected for the bank, which says in its reports, 'Road user charges revenue data have long been used as an economic indicator. Trucks are moving produce, after all.' What did come as a surprise, however, was that current light traffic volumes serve as an indicator of what GDP will be doing in six months' time. 'It would appear that willingness to buy and drive a car is the ultimate measure of money-where-your-mouth is consumer confidence.'
Pretty good video. Just remember the difference between "less" and "fewer" :)
What can we as consumers do to help ease against these changing rates? Investing money abroad?
Decreasing rates are positive news for mortgage holders in NZ. If you have a good, stable job you'll be able to weather the economic rut, and benefit from the decreasing interest costs.
Awesome video bro make it easy as to understand 🙏🏽
Glad it was helpful!
Great video Brent, thanks :) Any chance on making a tier list video on bank accounts in addition to the great video on credit cards?
Heya! Thanks for watching! I will certainly add it to the list! In the meanwhile, interest.co.nz is a great tool for comparing savings accounts and they update it daily www.interest.co.nz/saving/call-account
Great video! No fluff just right into it. Keep up the great work! did my homework on which stocks and ETFs I like for the long run, made a plan for dollar cost averaging for a year and I'm sticking to it, trying not to panic...
Good stuff! All the best
Nah, i don't believe paid surveys to be a waste of time as you can put it into bitcoin, which is expected to rise more. Some people out here doing nothing and paid surveys are definitely something to do with your time. Instead of just doing nothing. Over the last 5-6 months, i got about $270 from paid surveys. Still some good money to put in Bitcoin or a stock. Over the last few weeks i have been unlucky but it's definitely going to ramp up with surveys soon. Ones i recommend. Octopus Survey: You don't always get surveys but the payment for their time of the surveys are good to me. Sometimes $4 for 15mins but only if you qualify. Opinionworld: The same as Octopus but has more surveys. Toluna: Alot of their surveys are $1 a survey and well worth the time. Pure Profile: Good pay for the time duration of the surveys Cointiply: You can find some decent paying surveys and pays out in bitcoin. Quickthoughts: They're usually around $1 every survey but pays in JBHIFI giftcards. Ipsos Isay: Sometimes $1-$2 for every survey you do. Google Rewards: Short surveys for decent money. Zap: Will pay you 3 cents a day just for calling in to their app. Mobopinions: Hardly no surveys but good award for your time. Hey Piggy: High paying surveys Multipoll: They've always got surveys to look on. An unwritten rule in surveys is not doing the same survey again and again. It's mucking the researchers around and could have consequences on us.
Thanks for sharing! Great tips for anyone looking to get into surveys for some side cash
@BrentColeman No problem. Just know some people out here doing nothing can try them. I have gotten off them a little but am trying to find ways to keep going. I got Brain fog. Your channel is doing good. Hope to get at least 50 subs one day to live stream. 😂. Have you checked in to market research and website testing? Market Research seems well worth the time.
Is it smart to go growth fund if wanting to buy a first home in the next 2years
If you're a couple years from buying, definitely connect with a mortgage broker. They can help you out with the planning. I was in a growth fund, however those were different economic times and I took the risk of ending up with a lot less when I came to buying a home. Hope this helps!
This is gold thanks Mr Brent. Keep up the good work you are doing.
Glad you enjoyed it!
The New Zealand stock market is a complete wash, I wouldn't touch it with a 10 ft pole. I have some money invested through USF but that's as far as I'll go, only because they are cheaper than buying S&P shares through the American stock exchange.
I just invested into Freightways and got $2.63 extra just in the last couple of days of my investment. Tax was $1.10. So that's 1.53 +. I can't even imagine putting in 7200 at the time and getting 8000 just in those couple of days
Being AI didn't do too badly though right!
@@BrentColeman actually thinking about withdrawing all of my money. Stock market is still going through a correction that never seems to have an end. Strong companies pre-market today are plummeting across the board. I think we're in for another big dip.
Hi, new investor and love watching your videos. You didn't mention any franking credits for IHD. Is it franked? Thank you
Subpar is correct!
Make sure to check out Stockopedia and get up to 20% off their annual plans at why.stockopedia.com/brentcoleman
All-in to HIGH RISK till you get 63😊. 🤑🤑🤑
Great video. One of the most entertaining things I've seen in a long time.
Glad you enjoyed it!
subbed, nice content mate
Much appreciated! Glad you enjoyed it!
Great idea Wonky! Thinking outside the box. ❤
Hi Brent. I really like your videos but I really wish you’d slow down the pace in which to speak. It would be easier to understand the complexities of Hnry if you could take it down to a natural pace.
Awesome Brett, Always loved your video so much value and info packed I'm glad I was able to maximise and get the westpac hotpoints credit card for its benefits, so can use it where amex isnt accepted, and love my Airpoints platinum amex card, use it for travel, and get international travel insurance as long as i booked all flights before departing, and yes its fastest earning airpoints in NZ, however email last week says they are raising the the price for earning rate, - Mark
Hey Mark, thanks for your support of the channel since about the time it began! I was so disappointed to see the email from Amex, until now I've really sung their praises especially with the Priority Pass. The service has been great too, the fraud protection team are on top of any issues and customer support teams have always been available straight away for me. I'll definitely be reconsidering the card and whether my spending levels still substantiate it for my situation.
Amex just average now with the new lower earn rate. Will consider cancelling
It's a shame, and they announced it right after I made this video 🫠
Another great insightful video thanks mate
Glad you enjoyed it
Ive always added a little to my super but the last couple years I really pushed it as I was planning to use the Super savers scheme to save for a deposit for a place, and was salary sacrificing 15% for about 10 months, then realised no matter what I did, I wouldn't be able to borrow enough that way for what I wanted, so replanned, bought a smaller cheaper place and lowered my salary sacrifice to 8%, and didn't touch my super, even after the purchase Ive kept my 8%. the reason I changed to a % base way was I'm not going to be able to afford to max out my contributions, but with commission structure always being paid different each weeks on the weeks I make bank, so dose my super, and the weeks that I don't, it doesn't break the bank resorting to using debt to get by. I've been pushing my super as I don't know if there will be a decent pension by the time I get to retirement, so I don't want to be caught out, and is just one of the parts of my retirement strategy.
I really like the westpac world credit card, but I'm spending around 40k-60k per annem through it. The priority pass is great.
Perfect timing Brent. I’m about to sign up for ASB’s credit card. Now I have to reconsider my decision. Thank you.
Glad it was useful!
Great insights on Aussie dividend stocks! Have you considered OncoSil for its innovative approach to cancer treatment? It could be a game-changer in your next analysis.
I think you asked before - I wouldn't go near it. Penny stock that's likely to be delisted
Gem visa is a beast of a card $65 annual fees 6 months interest free on purchase over $250 and up to 36 months intrest free at harvey normans. If you know what ur doing you cant beat it
Amex Airpoints Platinum are going from $59 up to $70 to 1 Airpoint dollar on October 😢 I'm going with Westpac Airpoints Platinum due to the higher Status Point return, lower foreign transaction fee, lower cash advance rate and higher acceptance as a Mastercard
Yeah it was certainly a surprise. To the best of my knowledge, there were no regulatory changes this month to cause both Amex and TSB to substantially decrease their reward earn rates
Any thoughts on the surcharges at shops for credit card / payWave? Seems like cash back is pointless on credit cards when shops now charge 1-3%. Might just use a debit card instead.
In such cases I use a debit card generally. If the credit card surcharge is 2%, it isn't worth it for a 1% reward so to speak. Fortunately the largest spending for me is on groceries, petrol and transport card credit, all of which don't incur a surcharge
I think the Amex gold $200 dining 'voucher' is only redeemable after spending a minimum of $100 at one of the participating restaurants. So you're looking at spending $200 additional to get that $200 dinning credit. Please correct me if I am wrong
Their website doesn't suggest this is the case. To get $100 credit, you need to spend $100+. They credit you the $100 after. "Spend $100 or more, in one transaction on your American Express® Gold Rewards Card at a participating Dining Collection restaurant and receive a $100 credit*. Valid up to 2 times a year, once per defined calendar period. That’s up to $200 back each year."
@@BrentColeman thanks for clarifying Brent. If I am understanding you correctly, as long as the single transaction is $100 or more, $100 will be credited on the same bill. I thought it was spend $100 or more and get the $100 credit on next visit. Time to put in my application then haha
For those airpoint cards, only some of them include status point. Also will be good to mention the limit of cash back and some of the air /rewards points has expiration date
Fantastic review! I have the ASB Platimum visa and love using the true rewards points.