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WealthWhy don’t we talk about wealth?
Is it because we are paranoid, insecure, embarrassed, or awkward? Or is it that we don’t want to be judged or thought of as offensive or ostentatious? Perhaps our family values and traditions have made wealth a subject to be discussed behind closed doors. Or maybe we just like a little privacy regarding our personal […]
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I had a dream, and you will have it too.
When a G1 (first generation) wealth creator has a business or an activity that they are proud of, and have a dream for its future, the most common mistake they make is to assume that everyone else will have that dream too. In particular their children. Some of the worst tragedies that I have witnessed […]
Business at first sight
Business marriage guidance, or how to deal with ‘business at first sight’. It has become a guilty pleasure, I have been watching ‘Married At First Sight (NZ)’, and a truly awful Australian show called ‘Seven Year Switch’. During a commercial break, it dawned on me that when people get into business together, they often do […]
The Trusts Act – not a negative.
The Trusts Act 2019 received royal consent in July 2019 and will come into effect after 30th January 2021. The Act codifies existing practice surrounding trusts. The key changes are: Extension of a trust’s life from 80 years to 125 years. Defined trustee duties to mandatory duties and default duties. Default duties can be contracted […]
Growing business value for retirement
So you’re running a business, and you’re thinking about retirement. Nobody will be able to run your business the way you do, but just shutting your doors probably means you will be throwing money away… What’s the game plan? Are you going to hand over the reins to an employee, or family member? Or are […]
Living with stress.
Avoiding stress completely is impossible, especially now that I’ve arrived in my 30’s, I find my stresses tend to last longer and become more difficult to eliminate. The responsibility of taking care of a younger one, the need to care for older ones, the requirement of continuous study to stay in the game affected by […]