News
Insight 12: In Business for 2025? Get the advantage and be a Crocodile.
Think about your jaws. The top jaw is income, the bottom jaw is expenses. See if you can get your jaws wide open. Watch who you hang out with. Look for other crocodiles and hang out with them. You will feel better and achieve more. Hunt quietly with focus and concentration. Approach new targets that…
Insight 11: Clear the business fog with the strategy of a Champion
Being in business at the moment, isn’t for the faint of heart. For nearly 3 years, the Reserve Bank has worked away at creating a recession so they can get inflation under control. And its now clear that recessionary forces are in play and affecting all of us. So what do we do? Something that…
Insight 10: How to solve complex problems upside down to get ahead.
Berkshire Hathaway is a US based investment powerhouse that is most famously associated with Warren Buffett. Buffett has been one of Americas richest men for over 25 years. But what isn’t known is that Buffett attributes much of his success to his business partner, Charlie Munger. Charlie died in December last year aged 99 but…
Insight 9: Interest Rates – a plan for how to get back in control
For some borrowers, its interest rate war out there. So we felt it timely to provide our top 5 tips to help you get back in control. Number 1: Kill the piranha’s to get more cashflow. Piranhas are a small fish known for their aggressive nature. Individual bites don’t matter, but when Piranha’s hunt in…
Insight 8: A sheep helps us to power on and up
Its 1998 and I’m a young banker working in the King Country looking after farmers – prices are poor and it’s a farming recession. I call into see Mike who’s been reading the Economist magazine and provides me with his thoughts on state of the world. Mike had modest borrowing and his results were okay….
Insight 7: Important learnings from our greatest Olympian for the year ahead
Ian Fergusson is our greatest Olympian having won 6 gold medals. Many years ago, I heard an interview with him. It went like this… I was a young Kayaker, pushing hard and unexpectedly qualified in the final of a world champ race. All the guns were there including the top Kayakers from Europe. I started…
Insight 6: Good things to notice
Good things to notice; Dow Jones up 1 % overnight. US Fed – massive amounts of cash for NZ and 8 other countries. Interest rates heading low – will we get below 3%? Fonterra profit $501m for first 6 months – up from $72m & Forecast Dairy payout solid at $7.00 to $7.60. Importantly, China…
Insight 5: 8 financial steps to make you as strong as possible
If you are financially affected by Coronovirus, here are 8 immediate things you can do that will make you stronger; Perspective; Our economy is hitched to China. China’s first known death occurred on January 11th but they are now coming back on stream. It’s reasonable to assume that the virus will have a a V impact…
Insight #4: NZ’s Best businessman – some advice on what to do.
At Profinance, through what we do, we live and breath helping our customers to grow and be better. A few months ago, we found this video of NZ’s best businessman, Graeme Hart. Graeme’s answers the question – what are my wisdom’s that I would like you to know. https://www.youtube.com/watch?v=9y0DvkS3FVs I hope you find time to…
Insight #3: Our head, our heart and money – what you need to know credit cards
Have you noticed credit card advertisements on television? – sign up to the new deal, with 0% interest for a period of time and you’ll get into their rewards scheme. If you follow the marketing further, we’ll never get charged as long as we pay off our the balance each month. Why would banks and…
