💰💰 Buying homes, investing in stocks, building an empire. That's what this channel is all about! 💰💰
Are you looking to buy your first home, investing for the first time, saving towards a goal, or perhaps a combination of these? This channel is for you! My name is Brent and here on the channel I share videos in the personal finance and investing space. These two broad areas are significantly underrepresented in school curriculums, and through my videos I hope to bridge this gap for an audience of any age and geography. If you'd like to learn more about better handling your money, please make sure to subscribe and click the bell button to ensure you don't miss any of my future uploads.
Hi Brent. I really like your videos but I really wish you’d slow down the pace in which to speak. It would be easier to understand the complexities of Hnry if you could take it down to a natural pace.
Awesome Brett, Always loved your video so much value and info packed I'm glad I was able to maximise and get the westpac hotpoints credit card for its benefits, so can use it where amex isnt accepted, and love my Airpoints platinum amex card, use it for travel, and get international travel insurance as long as i booked all flights before departing, and yes its fastest earning airpoints in NZ, however email last week says they are raising the the price for earning rate, - Mark
Hey Mark, thanks for your support of the channel since about the time it began! I was so disappointed to see the email from Amex, until now I've really sung their praises especially with the Priority Pass. The service has been great too, the fraud protection team are on top of any issues and customer support teams have always been available straight away for me. I'll definitely be reconsidering the card and whether my spending levels still substantiate it for my situation.
Ive always added a little to my super but the last couple years I really pushed it as I was planning to use the Super savers scheme to save for a deposit for a place, and was salary sacrificing 15% for about 10 months, then realised no matter what I did, I wouldn't be able to borrow enough that way for what I wanted, so replanned, bought a smaller cheaper place and lowered my salary sacrifice to 8%, and didn't touch my super, even after the purchase Ive kept my 8%. the reason I changed to a % base way was I'm not going to be able to afford to max out my contributions, but with commission structure always being paid different each weeks on the weeks I make bank, so dose my super, and the weeks that I don't, it doesn't break the bank resorting to using debt to get by. I've been pushing my super as I don't know if there will be a decent pension by the time I get to retirement, so I don't want to be caught out, and is just one of the parts of my retirement strategy.
Great insights on Aussie dividend stocks! Have you considered OncoSil for its innovative approach to cancer treatment? It could be a game-changer in your next analysis.
Gem visa is a beast of a card $65 annual fees 6 months interest free on purchase over $250 and up to 36 months intrest free at harvey normans. If you know what ur doing you cant beat it
Amex Airpoints Platinum are going from $59 up to $70 to 1 Airpoint dollar on October 😢 I'm going with Westpac Airpoints Platinum due to the higher Status Point return, lower foreign transaction fee, lower cash advance rate and higher acceptance as a Mastercard
Yeah it was certainly a surprise. To the best of my knowledge, there were no regulatory changes this month to cause both Amex and TSB to substantially decrease their reward earn rates
Any thoughts on the surcharges at shops for credit card / payWave? Seems like cash back is pointless on credit cards when shops now charge 1-3%. Might just use a debit card instead.
In such cases I use a debit card generally. If the credit card surcharge is 2%, it isn't worth it for a 1% reward so to speak. Fortunately the largest spending for me is on groceries, petrol and transport card credit, all of which don't incur a surcharge
I think the Amex gold $200 dining 'voucher' is only redeemable after spending a minimum of $100 at one of the participating restaurants. So you're looking at spending $200 additional to get that $200 dinning credit. Please correct me if I am wrong
Their website doesn't suggest this is the case. To get $100 credit, you need to spend $100+. They credit you the $100 after. "Spend $100 or more, in one transaction on your American Express® Gold Rewards Card at a participating Dining Collection restaurant and receive a $100 credit*. Valid up to 2 times a year, once per defined calendar period. That’s up to $200 back each year."
@@BrentColeman thanks for clarifying Brent. If I am understanding you correctly, as long as the single transaction is $100 or more, $100 will be credited on the same bill. I thought it was spend $100 or more and get the $100 credit on next visit. Time to put in my application then haha
For those airpoint cards, only some of them include status point. Also will be good to mention the limit of cash back and some of the air /rewards points has expiration date
This video was so helpful, thank you! I was still able to follow your instructions while changing the instalments to 26 (fortnightly). I really appreciated your explanation of each step too!
American express are changing their rewards rate from 1 airpoint for every 59 dollars spent to 1 airpoint for every 70 dollars spent starting from October this year.
The ANZ Platinum Card has the 50% extra status points. I travel a fair bit for work, having this card has given me GoldElite status year on year. I have an Amex Platinum I use almost everywhere as the earn rate is is great. For someone who travels a fair bit having both these cards really do pay dividends.
Thanks @wayneliem718 for letting me know. TSB are making some big changes to their cards from 8 July 2024. Interest rates are increasing and reward earn rates are decreasing. Check out the changes here: www.tsb.co.nz/cards/credit-mastercard-interest-and-reward-rates
Very helpful. I'm TSB platinum card holder and recently received their email stating "From 8 July 2024, we’ll be changing the cashback reward rate on our Platinum Mastercard from $1 for every $70 to $1 for every $100 spent." You might reconsider their rating.
My first ever credit card that I’ve got was the Amex airpoints platinum back in 2019. I find that the combo with that card + Dosh does the job for me. I used to use the SBS visa credit card too but Dosh is also free and have a better cashback rate/ better deals. The TSB plat was also a good consideration but I don’t think I would be spending over 6 grand to make that card justifiable. Amex for 95% of transactions. And Dosh where Amex isn’t accepted. Great vid Brent!
Heya! I don't recommend any as it entirely depends on your situation. Generally speaking, advisors recommend moving to safer funds when house shopping so the amount doesn't wildly fluctuate. But again, it comes down to your own situation and preferences.
@@BrentColeman i’ve been with ANZ growth fund Kiwi saver for the last 12 years and didn’t realise I was being charged an annual fee of 1.0% every single annual year. I’ve been doing my research and I can see that kernel seems low fees and good returns so I’m looking in this direction?
I’m a terrible spender and lately been using revolt digital wallet but a work mate sent me your video and after watching I’m doing my sign up now with your code . Thank you !!
I did something wrong. haha When I throw an extra $4000 at my loan, it takes away from my total principal payments. It should still equal my loan amount. Everything else seems perfect until I load in an extra principal only payment.
Heya! Mine is with ASB - I use the term interchangeably, but essentially achieve the same thing. I can redraw the funds as needed, and the interest shield is of course larger than the savings interest rates. I'm also on a first home buyer special rate (OCR+1% or something) so that's been handy.
