WealthDesign

Getting support to become healthier is getting easier. One of our insurance companies has come up with some awesome ideas to get you going. Quality insurance cover along with some awesome encouragement – it’s got to be a winner!

Airpoints on your premiums
Discounts on sports shoes
Even a FREE Apple i-watch 7

Yes – the grudge purchase that is insurance, just got a little less grudgey! 

Self care in 2022 – we’ll show you how.

To find out more, give us a call – 06 3555 844

John Barber
WealthDesign – a life well planned

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Do you ever check your credit score? Did you know you could check your credit score?

Like many of us, I’ve never really given this much thought but I was reminded today that I should check.

Behind credit (borrowing money from the banks or finance companies) there is an industry of recording our private information. Information we don’t even know exists, let alone check.

Things like late payments to your credit card or utility bills are monitored. Even when you change telecommunication suppliers, your credit rating will be checked.

After hearing this, I went on to creditsimple.co.nz and checked mine. My credit score was ‘pretty healthy.’ Hmmmm … I wasn’t that happy about this, given my lifestyle and occupation! So I checked further, only to find a late payment to KiwiBank, due to their administration error, which had given me a black mark beside my credit rating. On creditsimple.co.nz you can comment on this, and your comment will stay on file. As you can guess, this is exactly what I did!

Without looking this up I’d have never known that a small administration error would show up somewhere in cyber space on my credit score.

So take five minutes and check that your credit rating is in line with what you think it should be.

creditsimple.co.nz
checkyourcredit.co.nz
centrix.co.nz
mycreditfile.co.nz

John Barber
WealthDesign – a life well planned 

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After last night’s workshop in Wellington, focusing on millennials and their finances, John has put together a to-do list. It’s aimed at getting you on the right track, if you’re a millennial or not.

1. Do a goal setting exercise – where do you want to be in five years’ time?
2. Get a Will and an Enduring Power of Attorney (EPA).
3. Set up an insurance portfolio.
4. Start a savings programme.
5. Make sure your KiwiSaver is working as hard as you are.
6. Get ongoing advice.

John Barber
WealthDesign – a life well planned

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The shape of our families in 2017 looks somewhat different than the family shape in 1977. Today many families are blended families and often with more than just one set of children.  Blended families can make financial planning just a little complex!  Often there are issues around how assets are split if one or both partners die untimely. 

We are now seeing KiwiSaver scheme balances getting up to the stage that they need to be considered within the estate planning process too.

There are legal issues and often people don’t want to open the door and play the ‘what if game’, but from my experience, planning for the worst and expecting the best is always best done before a crisis.

Once you can articulate what you want to happen, planning requires an input from lawyers. One of the largest issues we see is that people get the first two parts right, but never finish the paperwork. The outcome can be a basket full of pain, despair and wasted money.

As financial planners, we have experience in organising this process, and understand where insurance can play an important part.

Expect the best and plan for the worst – give us a call today – we make the complicated simple. It’s just what we do.

John Barber
WealthDesign – a life well planned

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