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| Thread ID: 88745 | 2008-04-08 01:28:00 | How much are you saving per week | sniperbabe (13589) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 656933 | 2008-04-08 04:40:00 | A thing that worries me with kiwisaver or with the whole of investments is that the consumer institute has said that the returns has been mediocre. Unless you know how to buy/sell fixed term might be the way .. I did get it but I signed up without a multinational company. I put the min amount into it .. the incentives was a bit nice .. |
Nomad (952) | ||
| 656934 | 2008-04-08 06:35:00 | $25 a week lol. Student allowance + part-time doesn't exactly give me much. |
trinsic (6945) | ||
| 656935 | 2008-04-08 06:46:00 | A few years ago our financial advisor gave us a book for Xmas called "The Millionaire Next Door" . It was about millionaires in the US . Most of them are frugal people that the book called PAWs - prodigious accumulators of wealth . They do this by thrift, not luck, and they do it quietly without fuss . And which nationality was best represented by PAWs, do you think? Bloody Scotties Deep pockets, short arms, in my experience . No wonder!! |
TideMan (4279) | ||
| 656936 | 2008-04-08 06:56:00 | A few years ago our financial advisor gave us a book for Xmas called "The Millionaire Next Door". It was about millionaires in the US. Most of them are frugal people that the book called PAWs - prodigious accumulators of wealth. They do this by thrift, not luck, and they do it quietly without fuss. And which nationality was best represented by PAWs, do you think? Bloody Scotties Deep pockets, short arms, in my experience. No wonder!! There are also the entrepreneurs who either come out with great ideas like Stephen Tindall, Rod Drury to name a couple or ones who spot someone else's invention and jump on board with some seed capital to get it going. Companies that were started from a persons idea/s ( in no particular order) Bebo Youtube Microsoft Jade (NZ Software) Xero (NZ online accounting) Apple Yahoo Weta = obvious Trademe = obvious |
vitalstatistix (9182) | ||
| 656937 | 2008-04-08 07:20:00 | A few years ago our financial advisor gave us a book for Xmas called "The Millionaire Next Door" . It was about millionaires in the US . Most of them are frugal people that the book called PAWs - prodigious accumulators of wealth . They do this by thrift, not luck, and they do it quietly without fuss . And which nationality was best represented by PAWs, do you think? Bloody Scotties Deep pockets, short arms, in my experience . No wonder!! There are a lot of NZers like that too . Unfortionately many of them have put their hard savings into these Finance / Property companies . I think it comes down to how you were brought up and culture . |
robbyp (2751) | ||
| 656938 | 2008-04-08 07:24:00 | Companies that were started from a persons idea/s ( in no particular order) Bebo Youtube Microsoft Jade (NZ Software) Xero (NZ online accounting) Apple Yahoo Weta = obvious Trademe = obvious The problem is that it is a bit of a gamble, unless you have a crystal ball, or do a huge amount of research. Warren Buffetts way, is to research research research, and he also doesn't invest in something he doesn't understand. |
robbyp (2751) | ||
| 656939 | 2008-04-08 07:45:00 | The problem is that it is a bit of a gamble, unless you have a crystal ball, or do a huge amount of research. Warren Buffetts way, is to research research research, and he also doesn't invest in something he doesn't understand. The bulk of the companies I listed weren't started after the founders did a lot of "research" they were started out as a back yard garden shed operations when the founders either had an idea/vision/concept or needed to provide a solution for a problem like Weta special effects or Sam Morgan wanting to sell stuff second hand. They were mostly based on simple ideas to solve simple problems that most of us weren't aware they existed or needed to be done. Warren Buffet's Berkshire Hathaway Investment fund is also different in that it doesn't actually produce a quantifiable product (aside from a financial return) |
vitalstatistix (9182) | ||
| 656940 | 2008-04-08 07:50:00 | I'm still studying and working part time. Thankful of my parents for not charging me to live with them (I'll probably be with them till I finished Uni when I've got my Master at age ~23) I save a whole bunch. Pay for petrol/car insurance/internet and thats it besides fees/stationary etc. which I normally pay out at the start of the year. I keep my transactions account separate to my savings account in which I put all the money into that I don't need to spend within the next month. The interest gains help alot. Don't buy anything unnecessary and keep money in the bank. Because of that increasing balance, the amount I earn from interest is also increasing and this is very encouraging as a youngster! If I were living on my own, the situation would be different, but then again, I would apply for a student allowance in that case to help out. I know I want to have a house one day and starting savings from early on will be a great help for me for when I'm older. | Deathwish (143) | ||
| 656941 | 2008-04-08 07:56:00 | I think when I was at uni I was at the same halls of residence (uni hostel) and had some same lectures as Sam's sister ;) | Nomad (952) | ||
| 656942 | 2008-04-08 11:21:00 | The bulk of the companies I listed weren't started after the founders did a lot of "research" they were started out as a back yard garden shed operations when the founders either had an idea/vision/concept or needed to provide a solution for a problem like Weta special effects or Sam Morgan wanting to sell stuff second hand. They were mostly based on simple ideas to solve simple problems that most of us weren't aware they existed or needed to be done. Warren Buffet's Berkshire Hathaway Investment fund is also different in that it doesn't actually produce a quantifiable product (aside from a financial return) Producing a trademe result from an idea, however relies on a lot of luck, and is probably a 1 in a million odds, you would get that sort of result from a businesses. There are heaps of 'backyard' ideas out there that haven't been successful, even though they could have been, if luck had gone their way, and the market was right. Sam Morgan used to spam newgroups when he first started trademe, so it's success could have been partly due to spamming. Also is Xero actually a successful businesss. I don't know anyone who uses it, and it does do a lot of radio advertising. I note that as at 30 September 2007 it only had 204 paying customers, each paying $54 per month, so i wouldn't call that a success yet. |
robbyp (2751) | ||
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