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Bruce'sDebt Eats Equity
The heading of this article is not original to me; it came from Stuart Nattrass, probably during those conversations around the board table. As a long-term board member of South Canterbury Finance, he would know about debt on both the upside and the downside. The dynamics of debt Detail Purchase/hard money Plus 20% growth in […]
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Wealth, privilege and responsibility
Most do not have to consider the vexed issue of legacy and succession. Most don’t have to fret that when they die, their children will have choices that they are ill prepared for. Some fret that their children expect to inherit and thus live waiting for their parents to die. This is the point where […]
Tax Changes Continue to Catch-Out Non-Residents
For many years, the New Zealand property market has been an attractive investment opportunity for foreign buyers, predominantly due to the fact that NZ does not have a capital gains tax regime. Consequently, a residential rental property, could be acquired by the non-resident, rented for a number of years, and sold for a gain upon […]
Five learnings from five years at GS
1) Appearances and decorum are not what create lasting, valuable relationships Checking emails twice for perfect grammar, having client letters sit in in-trays for partner reviews, indirect client communication, ensuring shirt and ties/suits for every client meeting – this is what I was used to in a previous life before GS. At GS, interviewed by […]
Standing up for the little guy…
Imagine this… [box] You own a successful business in a great location, and you have plans for the future, and/or you are a landlord with a building and/or land that you bought for the longer term for you and your family. [/box] Then out of the blue, the Public Works Act (PWA) is forced […]
It’s about personal responsibility
We are born naked and without any possessions or identity. But from the moment we fill our lungs with our first breath and scream our arrival into this world we begin accumulating. We accumulate, clothes, a car seat, Plunket book, toys, birth certificate, basinet, pram, high chair, more toys, bank account, NHI number, photos, a […]