Boom or Bust? Your January 2025 Money List
What's hot and what's not for your wallet this month?
Here are our top picks for the January 2025 Boom or Bust list!
Booming.
- Paying lower interest rates in 2025. YAY.
- Having mortgage interest deductibility restored on investment property. Also, YAY.
- Getting ahead of the 2025 property upswing by doing financial prep NOW.
- Investing in Wall Street thanks to big booms in AI and big tech*
- Making ethical New Year resolutions, that includes buying less “stuff”
- Starting up a business in Wellington. (You read it correctly.)
- Getting a salary bump or a job - if you are in a certain sector..
- Getting a home loan may be easier under the proposed CCCFA reforms
- Renting getting easier in 2025
- NOT having a post-holiday financial hangover (anyone managed this year?)
Busted.
- Having a financial hangover post-holiday season (we've all been there, right).
- Paying more for a flat white and chocolate in 2025 (insert sad face)
- Earning a minimum wage that is still not enough
- Still slogging it out for a job in the public sector
- Waiting for bank processing is still an ongoing thing
- Seeing your house value declining (for now)
- Getting caught up in an employment scam
And finally, who knows......
- What effects the Trump presidency will have!
* Investing in certain Wall Street stocks is a generalised observation based on talk in the media. Our advisers don't work with clients to invest directly into shares, and we are not suggesting here that you do so independently either, without getting professional advice first.
Got some picks to share? Let me know
Shona@velocityfinancial.co.nz
This article was written by Shona and peer reviewed by our financial advisory team.
Disclaimer: I am not a financial adviser and what I have shared is generalised information that has been peer-reviewed by my team.
As always, make a time with our financial advisers for expert advice about your own specific situation.
About Shona: HI, I’m Shona, the communications and marketing support person for Velocity Financial. Designing effective communications in a complex industry such as Finance is a worthy challenge. Finding ways to bridge gaps between complex financial information, and the everyday needs of people trying to navigate that world through informed choices, is something that I relish. I love deciphering and disseminating the expert knowledge and ideas of our clever team, into simple messages that speak directly to our clients, who are hungry for more knowledge and better understanding (like me!). In my outside life, I am a keen photographer and, like others in the team, I have a passion for the outdoors, hiking and mountain biking. I also train in martial arts and have been known to wield a sword on occasion.
Disclaimer: I am not a financial adviser and what I have shared is general advice that has been peer-reviewed by my team. As always, make a time with our financial advisers for expert advice about your own situation.
Always get professional advice
The information shared in this post is meant to be general guide to support you on your journey. When making important decisions about your finances, we encourage you to seek independent financial advice first, tailored to your unique situation. As well as talking with a financial adviser, make sure you talk to your lawyer and accountant too – together they'll help you find the best solution for your specific situation. Our knowledgeable financial advisers are here to help. Check out our website for the details about our financial advisory services in our disclosures https://www.velocityfinancial.co.nz/disclosure-statement.