HOW TO MAKE MONEY IN NEW ZEALAND

Absolute_Mortgage

Absolute_Mortgage (Photo credit: kathleenleavitt)

BUYING YOUR OWN HOME.

What else is involved in buying a home?

Additional costs of buying a home may include:

  • Legal fees – approximately $1000
  • House and Content insurance – approximately $700 per annum.
  • Mortgage fee or lender’s mortgage insurance premium.
  • Builders report – approximately $400.

Ongoing costs of home ownership.

  • Rates – approximately $1000 per annum.
  • Maintenance – this includes plumbing, painting, etc.
  • First years power account.

Approach buying a house in the same way you would approach any property investment. Liquidity, timing and location are all important. Do your homework before you buy a house. View renting as an alternative to owning your home.

Understand the terms of a mortgage before you accept it. Make sure anything you think the property may come with is in writing or when you move in you may find you have to buy a refrigerator. Then remember to review your mortgage repayments as your cash position changes.

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HOW TO MAKE MONEY IN NEW ZEALAND

I Get Money

I Get Money (Photo credit: Wikipedia)

COMBING CAPITAL WITH SKILL.

Your task is to seek out and make contact with those who can utilise your capital and maximise your profits. There are many talented people around you looking for a “lucky break”. Success resulted because:

  • An opportunity was seen.
  • An individual with capital joined up with a person who had the experience and necessary skills to take advantage of the opportunities that were seen.
  • The structure of the arrangement were mutually beneficial.

HOW TO MAKE MONEY IN NEW ZEALAND

What's in the bag? Business of Software 2010

What’s in the bag? Business of Software 2010 (Photo credit: betsyweber)

MAI DESIGNS.

MAI DESIGNS.

DCIM100MEDIABUSINESS VENTURES.

A business is an entity which combines effort, skill and capital to produce a marketable product or service. There are three critical ingredients; skill, effort and capital. The success of a business ultimately depends upon:

  1. The nature of the industry.
  2. The abilities of those involved in the business.
  3. The amount of capital that the business has available to take advantage of the opportunities that exist.

STARTING YOUR OWN BUSINESS.

Running your own business will involve the selling and marketing of your product or service, raising finance, keeping accounting records and managing people. The successful establishment of your own business also requires careful planning.

MAI DESIGNS.

I have started my own business selling Women’s clothes with a Free piece of Jewellery. And make handmade Jewellery, I sale on Trade Me New Zealand and plan to also sale on other sites like E bay.

HOW TO MAKE MONEY IN NEW ZEALAND.

Andhaving a dance when a band is playing.

I enjoy going to other restaurants.

DCIM100MEDIA

YOU ARE NOT ALONE IN YOUR QUEST.

Most of us are not alone in our quest for financial freedom. We are social animals and our family and work peers have a major influence on our lives.

Each and every business consists of a collection of individuals working together towards the achievement of a common goal. To be successful, each member of the group must be aware of how their individual roles and contribute towards it’s achievement.

To succeed a group must have these qualities.

  • A clear goal.
  • Skills.
  • Dedication.

HOW TO MAKE MONEY IN NEW ZEALAND.

English: A business ideally is continually see...

English: A business ideally is continually seeking feedback from customers: are the products helpful? are their needs being met? Constructive criticism helps marketers adjust offerings to meet customer needs. Source of diagram: here (see public domain declaration at top). Questions: write me at my Wikipedia talk page (Photo credit: Wikipedia)

MARKETING YOURSELF.

The important thing here is not only must you be the best, but people must think that you are the best. Out go the Jeans and Sneakers and on goes the suit. Have your own mind and use it; become a player in the marketing game and not a pawn.

By understanding the marketing game, you will be less susceptible to the persuasions of others and you will be more conscious of the image that you want to project.

  • Market yourself as a company would market their product.
  • Marketing is all about projecting an image.
  • On good thing about web sites like Trade Me NZ is you get customer fed back and make a good trade.

HOW TO MAKE MONEY IN NEW ZEALAND

YOU AS YOUR OWN MANAGER!!!

YOUR ROLE AS A MANAGING DIRECTOR

TARGET

(Knowing what you want)

CONTROL                                    FINANCIAL FREEDOM                                  PLANS

(Checking to see you have done it)                                                     (Knowing what to do)

                                                      IMPLEMENTATION

                                                      (Doing it)

Now go and get the Bastard!!!

TARGET.

Start with a small target: $25,000

                                        $50,000

                                        $100,000

In bold letters write.

The KiwiSaver scheme logo.

The KiwiSaver scheme logo. (Photo credit: Wikipedia)

“I WILL DOUBLE MY WEALTH WITHIN THE NEXT YEAR”.

Be realistic. It will not be easy. You may have to give up your overseas trip, a new car, less time to socialise with friends.

PLANS.

  1. Research the various money-making opportunities.
  2. Concentrate on the one or two most attractive investment markets.
  3. Develop a battle plan or a formula for success.

CONTROL.

Start a saving growth chart. Having gone through this procedure a few times, you will become aware of the tremendous power you have within yourself. You will realise that you can achieve virtually anything you set your mind to. Thought this process it is absolutely vital that a positive attitude is maintained..

IMPLEMENTATION.

1st important realisation. the higher the rate of return on your investments the quicker you will achieve your target.

For an example: Kiwisaver can help you buy your first home.

Olivia and Eddie, are buying their first home – a $375,000 house. Eddie is self-employed and makes regular monthly payments to kiwisaver of $100. Olivia is employed and 4% from her before-tax pay of $40,000 goes into kiwisaver. Thier combined income is under $100,000. Both have been saving with kiwisaver for five years. As they’ve been kiwisaver members for more than three years.

  • Eddie can withdraw $7,420.
  • Olivia can withdraw $15,189.

In addition, they each applied for and received a kiwisaver first home subsidy of $5,000 – making $10,000 in total. In total Olivia and Eddie have $32,609 to put towards their first home.

2nd important realisation.

The more you save, the quicker financial independence will be achieved.

The first person saves half of their income and by living simply. The second person enjoys the luxuries of life and saves 10%.

The choice is clear. Save now and one day achieve financial success and independence, or be a slave. ( although to be fair, your slavery may be done with some style).

From these realisations you should now appreciate the importance of.

  1. Learning about investments alternatives.
  2. Saving as much as you can.
  • Fix an ultimate target in your mind.
  • Formulate written plans to achieve your target.
  • Develop the right attitude and the determination to follow the plans.
  • Review your progress.

HOW TO MAKE MONEY IN NEW ZEALAND.

Current members of the World Trade Organisation.

Current members of the World Trade Organisation. (Photo credit: Wikipedia)

IMPORTING AND EXPORTING.

International trade is one of the oldest occupations in the world. Exporting involves selling our products to overseas consumers. Importing is the reverse, buying goods from an overseas country.

As an importer and exporter you can work in two ways:

  1. As a dealer buying and selling goods, or
  2. As a commission agent bringing goods on behalf of others.

When starting out in this area, it is better to start as a commission agent because you need no capital, no warehouse and there are fewer hassles. Once you have gained experience and knowledge then the operation can be expanded as opportunities arise.