Tag: Tips
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How to Master Decision-Making: Making Better Business & Life Decisions
Decision-making is one of those things that separates the high-flyers from the headless chickens. In business and in life, your ability to make the right calls quickly can mean the difference between thriving and just barely surviving. But let’s be real, most people are terrible at making decisions. Either they procrastinate until the choice is…
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The Power of Deep Work: Why Focused Work Beats Multitasking Every Time
In a world addicted to instant gratification, deep work is a competitive advantage. The ability to focus on a single task without distraction isn’t just a skill, it’s a superpower. Yet, many people still buy into the myth that multitasking makes them more efficient. The Truth About Multitasking Let’s be clear: multitasking isn’t real productivity.…
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Maximising Tax Deductions: Commonly Overlooked Deductions for Small Businesses in New Zealand
Many small business owners unknowingly miss out on tax deductions, leaving money on the table. Every dollar saved is a dollar reinvested. From home office expenses to depreciation and loan interest, knowing what you can claim can reduce taxable income and improve cash flow. This guide covers key deductions you might be overlooking, helping you…
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A Guide to Bad Debt Deductions for New Zealand Businesses
Unpaid invoices can significantly impact cash flow and profitability for businesses. Fortunately, New Zealand tax law allows businesses to write off bad debts and claim them as deductions, reducing taxable income. However, specific conditions must be met to ensure compliance with Inland Revenue (IR) requirements. This guide explains when a debt qualifies as “bad,” the…
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Smart Saving Strategies Amid Rising Living Costs
With the cost of living continuing to rise, many individuals and families are finding it increasingly challenging to manage their finances. Essentials such as food, housing, and utilities are becoming more expensive, putting pressure on household budgets. In such an environment, developing a strong financial strategy is essential to maintain financial security without sacrificing quality…
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The Psychology of Spending: Why We Buy Things We Don’t Need
Ever found yourself walking out of a store (or closing an online checkout) with items you never planned to buy? You’re not alone. Many of us succumb to spending triggers that lead to impulse purchases and unnecessary expenses. But why do we do it? Understanding the psychology behind spending can help us take control of…
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How to Build Strong Financial Habits in Your 20s and 30s
Establishing sound financial habits early in life is essential for long-term stability and wealth accumulation. By making strategic financial decisions in your 20s and 30s, you can set yourself up for financial success and security. Below are key financial principles and habits to adopt to build a solid foundation for the future. 1. Master Budgeting…
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The True Cost of Subscription Services: Are They Wasting Your Money?
Subscription services have become a significant part of modern life, offering convenience and access to everything from entertainment and fitness to software and meal deliveries. However, while they promise value and flexibility, they can also become financial burdens if not managed effectively. The key question is: Are your subscriptions enhancing your life, or are they…
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Should You Rent or Buy a Home?
One of the most significant financial decisions you’ll face in life is whether to rent or buy a home. Both options come with their own set of advantages and challenges, and the right choice depends on various factors, including your financial situation, lifestyle preferences, and long-term goals. While homeownership is often seen as a symbol…
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Understanding Fixed and Variable Costs: A Key to Better Financial Management
For any business, managing expenses effectively is essential to maintaining profitability and ensuring long-term sustainability. However, not all costs behave in the same way. Business owners must understand the difference between fixed costs and variable costs to make informed financial decisions, set competitive pricing, and control spending efficiently. What Are Fixed Costs? Fixed costs are…