Politics 🗳️ NZ Politics
- Thread starter wizard of Tauranga
- Start date
NZWarriors.com
Seymour trying to get a contract at Warriors with the hyphenated name
More importantly September quarter was 1.3% above that period a year ago. But that’s not a heap, definitely nothing remotely close to a V shape recovery towards rock star status. But at least it’s moving in the right direction.
NZWarriors.com
Is this Batchelor guy serious?
"He repeatedly stated that he believed Māori had fundamental character flaws. “It’s the lack of character inside Māori that I believe is the issue,” he said. “If Māori don’t address the issue of character, then the culture and the language might as well die a natural death.”
He told the court that he believed Māori were not indigenous to New Zealand and that a race of fair-skinned, ginger-haired people had settled the land before Māori arrived."
"He repeatedly stated that he believed Māori had fundamental character flaws. “It’s the lack of character inside Māori that I believe is the issue,” he said. “If Māori don’t address the issue of character, then the culture and the language might as well die a natural death.”
He told the court that he believed Māori were not indigenous to New Zealand and that a race of fair-skinned, ginger-haired people had settled the land before Māori arrived."
Billionaire NZME director Jim Grenon funding defamation lawsuit against TVNZ, court told
Jim Grenon suggested to controversial evangelist Julian Batchelor that he should sue TVNZ, according to evidence given in court.
thespinoff.co.nz
Is this Batchelor guy serious?
"He repeatedly stated that he believed Māori had fundamental character flaws. “It’s the lack of character inside Māori that I believe is the issue,” he said. “If Māori don’t address the issue of character, then the culture and the language might as well die a natural death.”
He told the court that he believed Māori were not indigenous to New Zealand and that a race of fair-skinned, ginger-haired people had settled the land before Māori arrived."
Billionaire NZME director Jim Grenon funding defamation lawsuit against TVNZ, court told
Jim Grenon suggested to controversial evangelist Julian Batchelor that he should sue TVNZ, according to evidence given in court.thespinoff.co.nz
A descendent of NZ
Miki Hukenoa?
NZWarriors.com
Most of the major banks have started to lift their long term interest rates now...
- Thread starter
- #21,788
Short term. I predict the long term rates will ease again next year.Most of the major banks have started to lift their long term interest rates now...
Banking capital requirement changes, etc.
All depends on what happens to the wholesale rates the banks are paying.
NZWarriors.com
- Thread starter
- #21,790
Just keep fixing shorter term - lock in long term if there’s an economic shock.
Interesting court case at the moment over a disputed will.
A mother had a will where she was going to leave everything as a 50/50 split between her two children.
Then her son wanted to buy a property so the mother gave him $400 K and altered her will to show that he would get $400 K less in inheritance if she passed away. Both her children were aware of this change to the will.
Her son stopped making repayments on the property and the bank sold it as a mortgagee auction. His mother, feeling sorry for him, re-wrote her will again, this time reverting back to the 50/50 split.
The mother has since died and the daughter is disputing the will on the basis that her brother had already "received" $400 K in inheritance and that, because she didn't know the mother had re-written the will, wonders if it was down under duress as the son knew of the final will but not her.
Interesting to see how this goes as usually the judge would take a lot of convincing to set aside a current will in favour of a previous one, but I suspect, in this case, the judge may side with the daughter.
A mother had a will where she was going to leave everything as a 50/50 split between her two children.
Then her son wanted to buy a property so the mother gave him $400 K and altered her will to show that he would get $400 K less in inheritance if she passed away. Both her children were aware of this change to the will.
Her son stopped making repayments on the property and the bank sold it as a mortgagee auction. His mother, feeling sorry for him, re-wrote her will again, this time reverting back to the 50/50 split.
The mother has since died and the daughter is disputing the will on the basis that her brother had already "received" $400 K in inheritance and that, because she didn't know the mother had re-written the will, wonders if it was down under duress as the son knew of the final will but not her.
Interesting to see how this goes as usually the judge would take a lot of convincing to set aside a current will in favour of a previous one, but I suspect, in this case, the judge may side with the daughter.
I hope he does to be honest. The entitlement of some is staggering regarding inheritance, I said to both my parents, you spend your money, you earned it. You make your own way in life in my view
NZWarriors.com
There was an interesting way I heard how to make intergenerational wealth.... when a child is born, put $22,000 into a managed fund for that child. Because of compounding interest, without adding any more money into it, when that child retires at 65, if the fund averaged 6% returns after tax and fees for the 65 years, there would be of $1 million in that account.
Now, inflation would reduce the value of that money but, if it had an 8.5% average return after tax and fees (my KS growth fund has average just under 8% since I started it), would give an inflation adjusted amount equal to $1 mill in today's money (if inflation averaged 2.5%).
Not a bad return on $22,000!!!
Or, another way to make money. If you brought an $800 K terrace house in South Auckland and kept it for the entire 30-year mortgage time, at an average increase in value of just 4% PA, that house will be worth over $2.5 million... and you would need to pay the TPM wealth tax. At 6% increase PA, and the house would have a value of just under $5 million.
Don't think 6% increase is right? Since 2000, the median house value in NZ has risen from $170,000 to $800,000.... an average increase of 6.3% PA.
Don't think 6% increase is right? Since 2000, the median house value in NZ has risen from $170,000 to $800,000.... an average increase of 6.3% PA.
- Thread starter
- #21,795
I agree and have said the same to my parents.
But devils advocate, if the ‘system’ moves wealth away from the younger generation and to the older generation, isn’t inheritance just redistributing your share back to you?
I think inter-generational wealth could be a key to fixing poverty, rather than relying on the govt.
NZWarriors.com
70 per cent of a family’s wealth is squandered by the second generation. By the third generation it’s 90 per cent, according to a widely quoted longitudinal study of 3,250 families conducted over 25 years by US wealth consultancy The Williams Group in 2002.
Succession: beating the third generation “curse”. | ANZ
You can spend your life creating generational wealth only to see it squandered, leaving younger family members to start out with nothing. How do you avoid this fate?
www.anz.com.au
- Thread starter
- #21,797
Pass your work ethic and knowledge as well as your wealth and stay in the 30%!70 per cent of a family’s wealth is squandered by the second generation. By the third generation it’s 90 per cent, according to a widely quoted longitudinal study of 3,250 families conducted over 25 years by US wealth consultancy The Williams Group in 2002.
Succession: beating the third generation “curse”. | ANZ
You can spend your life creating generational wealth only to see it squandered, leaving younger family members to start out with nothing. How do you avoid this fate?
No trust fund spoilt brats!
