Property Investment Information

As you may have heard, the IRD have produced a discussion document looking to change the depreciation claims allowable to residential property investors. (Note that this adverse change is for residential property investors, not commercial investors, share investors or indeed any other investors or companies.)

The aim of the changes has clearly been signalled as a move to discourage investment in residential property towards the "productive" industries. (Since when has providing people with a home not been productive?) (more...)

Thomas Stanley and William Danko wrote the US bestseller "The Millionaire Next Door". It is an excellent book as it gives many insights into the misconceptions of who our rich are and the lifestyles they have. There is a test I will show you so you can establish if you are on the right track to become a millionaire.

Stanley and Danko are University Professors who conducted research on over one thousand millionaires and present their findings in the book. It's fascinating.

One of the key findings is that that nearly 70% of millionaires had set goals and had a plan for how they were going to achieve them. Of those that didn't plan, most had either retired (having achieved their main goals) or inherited their wealth. (more...)