If the house is in your name, is it yours? If you keep separate accounts, are your finances really separate? And what happens when an inheritance goes towards the mortgage?

On The Prosperity Project, lawyer and founder of Succession NZ Holly Egerton unpacks common misconceptions about relationship property in New Zealand, including homes, businesses, trusts and debt.

Drawing on a decade in the field and her own lengthy separation, she explains why verbal promises can leave people exposed, what contracting out agreements can cover, and why a 50/50 split may leave partners in very different financial positions.

If the house is in your name, is it yours? If you keep separate accounts, are your finances really separate? And what happens when an inheritance goes towards the mortgage?
On The Prosperity Project, lawyer and founder of Succession NZ Holly Egerton unpacks common misconceptions about relationship property in New Zealand, including homes, businesses, trusts and debt.
Drawing on a decade in the field and her own lengthy separation, she explains why verbal promises can leave people exposed, what contracting out agreements can cover, and why a 50/50 split may leave partners in very different financial positions.

The Prosperity Project is a weekly personal finance podcast from the NZ Herald. Join host Nadine Higgins every Monday as she talks to experts from New Zealand and around the world about the biggest money issues to help you become more prosperous.  

Follow The Prosperity Project on iHeartRadio or wherever you get your podcasts. To get in touch with the podcast, email nadine.higgins@nzme.co.nz 

The Prosperity Project is a weekly personal finance podcast from the NZ Herald. Join host Nadine Higgins every Monday as she talks to experts from New Zealand and around the world about the biggest money issues to help you become more prosperous.&nbsp;&nbsp;
Follow The Prosperity Project on iHeartRadio or wherever you get your podcasts. To get in touch with the podcast, email <a href="mailto:nadine.higgins@nzme.co.nz">nadine.higgins@nzme.co.nz</a>&nbsp;

The Prosperity Project

The breakup myths that could cost you half your home

Buying an established business can give you customers, systems and revenue from day one. But how do you know whether the asking price reflects what you’ll actually earn?

On The Prosperity Project, Nadine talks to The Comic Accountant Sam Harith about the checks to make before buying a business. They discuss financial statements, debt, cash flow, the difference between buying assets and shares, and the risks of taking over a franchise or a business whose customers are loyal to its current owner.

They also ask the question every prospective buyer should consider: are you buying a business, or buying yourself a job?

Buying an established business can give you customers, systems and revenue from day one. But how do you know whether the asking price reflects what you&rsquo;ll actually earn?
On The Prosperity Project, Nadine talks to The Comic Accountant Sam Harith about the checks to make before buying a business. They discuss financial statements, debt, cash flow, the difference between buying assets and shares, and the risks of taking over a franchise or a business whose customers are loyal to its current owner.
They also ask the question every prospective buyer should consider: are you buying a business, or buying yourself a job?

Before you buy a business, check what you’re really getting

What if, instead of trying to stick to a budget yourself, you handed over your pay and let someone else manage it?

Australian budgeting service MyBudget has launched in New Zealand, offering to receive clients’ income into a trust account, pay their bills, put money aside for future expenses and savings, and transfer back an agreed amount for everyday spending.

It’s an unusual model — and not a cheap one.

On The Prosperity Project, Nadine Higgins asks whether outsourcing your finances can genuinely help people get out of debt and build savings, or whether paying someone thousands of dollars a year to manage your own money is a step too far.

What if, instead of trying to stick to a budget yourself, you handed over your pay and let someone else manage it?
Australian budgeting service MyBudget has launched in New Zealand, offering to receive clients&rsquo; income into a trust account, pay their bills, put money aside for future expenses and savings, and transfer back an agreed amount for everyday spending.
It&rsquo;s an unusual model &mdash; and not a cheap one.
On The Prosperity Project, Nadine Higgins asks whether outsourcing your finances can genuinely help people get out of debt and build savings, or whether paying someone thousands of dollars a year to manage your own money is a step too far.

The budgeting service that takes control of your pay

If you suddenly became unable to make your own decisions, would your spouse or family automatically be able to step in?

Not necessarily.

An enduring power of attorney allows someone you trust to manage your finances or make decisions about your personal care and welfare if you can’t. Without one, your family could face an expensive and stressful court process at an already difficult time.

In this episode of The Prosperity Project, we look at how enduring powers of attorney work, who you should appoint, the risks of getting it wrong, and why it’s worth putting one in place long before you think you’ll need it.

If you suddenly became unable to make your own decisions, would your spouse or family automatically be able to step in?
Not necessarily.
An enduring power of attorney allows someone you trust to manage your finances or make decisions about your personal care and welfare if you can&rsquo;t. Without one, your family could face an expensive and stressful court process at an already difficult time.
In this episode of The Prosperity Project, we look at how enduring powers of attorney work, who you should appoint, the risks of getting it wrong, and why it&rsquo;s worth putting one in place long before you think you&rsquo;ll need it.

The breakup myths that could cost you half your home

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