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!

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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

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Got some picks to share? Let me know

Shona@velocityfinancial.co.nz

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