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How I Got Control Back Of My Personal Finances

Lets face it – right now its really hard to take control of our personal finances. Ask yourself this simple question… If you lost your job today how long could you survive on your savings? 1 week? 2 weeks? A month?

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Lets face it – right now its really hard to take control of our personal finances.

What with the global financial crisis causing job losses and banks not lending – money is tight – real tight.

The cost of food and other basic essentials seems to be increasing every day and the risk of losing our job is a constant worry.

Ask yourself this simple question… If you lost your job today how long could you survive on your savings? 1 week? 2 weeks? A month?

This post is about how I got my personal finances out of the RED and into the BLACK

With my own need to get smarter with my personal finances I brought a copy of Liz Koh’s latest eBook titled “The Easiest System Ever for Managing your Money”.

The eBook is packed full of really helpful advice that I can honestly say has helped me take control of my cash flow and managing my finances.

Heck! I have even been able to save a little each month!

Why you need this eBook!

I have known Liz Koh for a number of years now as a friend and client and have heard nothing but praise for her ability to help people manage their finances better. Liz is also a key contributor to our site Business Blogs and her articles on money management feature in many newspapers and magazines.

Liz Koh’s “The Easiest System Ever for Managing your Money” eBook provides a set of commonsense rules to follow that will ultimately help you manage your finances better.

Isn’t that what we all dream of? To feel like we are in control of our money – not the other way round?

Here are some of the key topics I found within the eBook:

  • Why you should never create a budget.
  • Grandma and Grandpa’s Golden Rules for Managing Money.
  • How to create short/medium and long-term savings plans.
  • Easy to use money plans that help you manage your debt repayments and help you save money.
  • How to create fully automated systems to manage your money, debt repayments so you have more time to enjoy life with less effort and worry.

My Personal Commitment to You

I am so confident that you will benefit from “The Easiest System Ever for Managing your Money” eBook’s teachings that I will personally refund you the full purchase price of the eBook for the first 30 days after purchase if you truly believe you have received no benefit from the information within the eBook.

That’s right – I am truly confident that this eBook will make a positive impact on your personal finances!

Why am I doing this?

I have always been concerned by the lack of basic financial education provided within schools. Why don’t they teach our children how to manage credit card debt?

My wife and I started PropertyTalk.com to allow people to connect and talk about property investment so they can learn off each other and make better investment decisions. We also started BusinessBlogs.co.nz to help small businesses connect with their clients and prospects.

So it was an easy step to recommend this eBook to you and to provide my personal guarantee.

BONUS eBook!

Without any real need to do this Liz has also chucked into the deal her “8 Steps To Financial Freedom” eBook which I have to say is the ultimate “cherry on the top”!

The bonus eBook contains 35 pages of pure gold to help you retire with the money you need to have a fun and stress-free retirement.

The eBook contains 8 key steps that you need to take in order to secure your dreams of a happy and stress-free retirement such as:

  • How much money do you really need to retire with
  • What superannuation schemes to join
  • What debt to pay off and when before your retirement
  • Tips for setting up a savings and investment portfolio
  • How to protect your wealth

Just Buy It!

If you have read this far I urge you think seriously about the value Liz is providing you.

The cost of the eBook is normally $37.00 USD but for the next few days Liz is offering the “The Easiest System Ever for Managing your Money” eBook and the bonus 35 page “8 Steps To Financial Freedom” eBook for only $17.00 USD!

This eBook is for anyone – anywhere in the world who wants to get control back of their personal finances.

What have you got to lose?

For the price of a night out at the movies you can invest in your future and take control of your personal finances.

And remember I will personally refund you the full $17.00 USD within the first 30 days if you don’t get any value from the eBooks.

So what is it to be?

A night out at the movies or investing for a better future for you and your family?

Click here to invest in you and your families future.

To Your Success!

Marc Krisjanous

Accounting & Finance

Low Interest Rates Winners and Losers

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Lower mortgage interest rates is a big deal for most homeowners and buyers.

Existing homeowners can hunt around for a better deal with the same or another lender and in the process save hundreds, if not thousands of dollars on interest payments. Even if a borrower is locked into a fixed rate deal on a fixed term, it often pays to break it and reap the rewards of paying a lot less interest.

For first time home buyers, lower interest rates can be the difference between renting and owning a home. Existing homeowners trading up or down, see lower interest rates as a great time to sell and buy too, Therefore there is always a frenzy of activity in the mortgages sector when there is movement in interest rates and there will be winners and and there will be losers.

Winners and Losers

Lower interest rates sends a signal to vendors with homes to sell, that there are more buyers in the market. This can get unsold properties sold which is a win win for vendor and buyer.

More buyers in the market, however can also push the sales price up, as vendors aim to get the best price and there can be only one buyer, the one who is willing and able to pay the most.

In this situation it’s more of a win for the vendor. The eventual purchaser is likely to have paid more than they were comfortable with and thus borrowed more to get the property. Plus there were many buyers locked out by the higher price.

First Home Buyer Tip

The tip for first home buyers is to always be ready to take action as soon as the timing is right.

For first home buyers, it’s always a good time keep a financial advisor or broker up to speed on your personal financial position. This way when the timing is right, like a downward move in interest rates, you can just ask the question:

“What can I afford to borrow, now the interest rates are lower?”

There is no such thing as one size fits all when it comes to borrowing money. Your position will determine how high risk you are to a lender.

A trusted advisor in the know, can act fast on your behalf when lending conditions favour you. Lenders who see you a good ‘investment’ will be keen to move quickly too, to secure your business and thus beat their competition, i.e. other lenders.

Recent news of an OCR rate drop by the RBNZ, spread like wildfire around the country and the early worm is sure to get the best deals.

Homeowners with advisors already up to speed on their current position, will be busy acting on their behalf, to find the best deal saving their clients hundreds if not thousands in interest repayments over the term of their loan.

Property price increases have cooled in Auckland, increasing by just 1.7 percent compared to the previous year. Listings too have been lower, however that’s all about to change. More buyers, trigger more listings and with more buying power, higher property prices.

Timing is everything, so whatever your circumstance, talk to your mortgage advisor and act on the deal that’s right for you.

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Accounting & Finance

Property Listings Drought Adds Fuel To Fire

A property listings drought is adding further fuel to our over-heated property market. Property prices are increasing everywhere except Taranaki according to Trade Me Sales Price Index and that’s got the RBNZ considering further action to curb demand.

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A property listings drought is adding further fuel to our over-heated property market.  Property prices are increasing everywhere except Taranaki according to Trade Me Sales Price Index and that’s got the RBNZ considering further action to curb demand.

The RBNZ’s LVR restriction on Auckland property investors has done little to dampen their appetite and many have also moved their focus to other areas where property prices have been on the increase since October 2015.

The listings drought suggests most home owners are electing to improve their properties using the equity in their homes over moving house.  Some Aucklanders have chosen to leave the city for change of lifestyle and Tauranga has been one of the main benefactors as well as the region of Hawkes Bay.

Curbing demand is how the RBNZ want to deal with the property market and they’re considering a variety of measures.  Bernard Hickey in a news item on NZHerald believes we’ll know more on the RBNZ’s next move  in the second half of 2016.  Bernard mentions two dates in particular: 19 August is the deadline for Auckland  Council to accept all or some or reject all the Unitary Plan.  The Government is hinting at wading in if the Unitary Plan does not meet their goals of an Auckland growing up and out to meet new housing supply targets.

The other date to watch out for is 30 November.  On this day the RBNZ presents it’s Financial Stability Report.  One of the measures under consideration by the RBNZ is the fixing of the income to loan ratio.

From the news item on NZHerald

“The Reserve Bank helpfully included a chart in this week’s report that showed around 35 per cent of owner-occupiers and 60 per cent of investors had borrowed more than 5 times their income.”

New rules are coming and if what’s happened to date is anything to go by the RBNZ is not shy at taking action so keep these dates in your diary.  No doubt investors are now very aware of their income to lending ratio and will be taken the necessary steps to survive the next round of RBNZ restrictions.


This blog article was written for PropertyBlogs by Mobilize Mail.

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Accounting & Finance

How Low Can Mortgage Rates Go?

News of lower wholesale interest rates suggests we may be in for another round of super low home loan interest rates as early as next week. A news item on interest.co.nz provides examples of the correlation between swap rates and the mortgage rates with one example being SBS Bank’s one year rate as it was back in November 2015.

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News of lower wholesale interest rates suggests we may be in for another round of super low home loan interest rates as early as next week.   A news item on interest.co.nz provides examples of the correlation between swap rates and the mortgage rates with one example being SBS Bank’s one year rate as it was back in November 2015.  At the time their rate was big news as it was the lowest at 3.99% while the one year swap rate was at 2.72%.

Fast forward to February 2016 and SBS Bank’s one year rate is at 4.35% while the one year swap rate is currently lower than it was back in November, its currently 2.58%.  A downwards move is predicted and SBS Bank could move back to where it was in November 2015 at 3.99% or go even lower.

It really just takes one lender to make a move and the other lenders are sure to follow.  Borrowers in the know are regularly speaking to their mortgage broker to keep up to speed on the best deals and terms on offer.

So how low can mortgage rates go?  Possibly lower than they were in 2015.


This blog article was written for PropertyBlogs by Mobilize Mail.

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