rowansilas96
New Member
Evening everyone! I’m posting anonymously because it’s simpler that way.
I’m based in New Zealand, in my early 30s, no kids, no partner, and I don’t really own any assets.
After covering my living costs, I’m saving $1,400 each fortnight—that means I live on just $700 a fortnight. (Since I work on a farm, my rent gets taken out before my pay even arrives!)
Right now, my focus is buying a car, then building up an emergency fund of $8,000–$10,000.
I just moved back to NZ from Australia with only a couple thousand, so I’m treating this first year as a setup phase. I’m not expecting huge leaps forward yet.
So, first question: If I save around $90k by mid-2029, would that be enough for a house deposit? (I’m thinking an investment property—might as well stick with farming, find a cheap house with no commute, and let a tenant help cover the mortgage.)
What ideas do you have to help me save more, or make that money grow without taking up a ton of my time? Besides occasional buy-and-sell deals, I’m not sure. I’ev started checking out Sharesies, but it’s a bit confusing at first.
I’m also thinking about side gigs that could bring in extra cash for fun or savings, but I don’t want to burn out or lose my focus. I’m an outdoorsy, rural guy, so things like food delivery aren’t really practical here. I could spare 20–30 hours every few weeks for something else, but I already work 10–12 hour days, so I’m careful not to overdo it.
Thanks for sticking with my long post—any solid suggestions or advice would be awesome!
I’m based in New Zealand, in my early 30s, no kids, no partner, and I don’t really own any assets.
After covering my living costs, I’m saving $1,400 each fortnight—that means I live on just $700 a fortnight. (Since I work on a farm, my rent gets taken out before my pay even arrives!)
Right now, my focus is buying a car, then building up an emergency fund of $8,000–$10,000.
I just moved back to NZ from Australia with only a couple thousand, so I’m treating this first year as a setup phase. I’m not expecting huge leaps forward yet.
So, first question: If I save around $90k by mid-2029, would that be enough for a house deposit? (I’m thinking an investment property—might as well stick with farming, find a cheap house with no commute, and let a tenant help cover the mortgage.)
What ideas do you have to help me save more, or make that money grow without taking up a ton of my time? Besides occasional buy-and-sell deals, I’m not sure. I’ev started checking out Sharesies, but it’s a bit confusing at first.
I’m also thinking about side gigs that could bring in extra cash for fun or savings, but I don’t want to burn out or lose my focus. I’m an outdoorsy, rural guy, so things like food delivery aren’t really practical here. I could spare 20–30 hours every few weeks for something else, but I already work 10–12 hour days, so I’m careful not to overdo it.
Thanks for sticking with my long post—any solid suggestions or advice would be awesome!