An escape route for the professional poor
Monday 20 September 2004
Many successful career people say they can't save. With the right advice it's not difficult, writes Rob Stock.
By The Landlord
Miranda Likeman calls herself the "professional poor".
She's one of the thousands of Kiwis filling the cafes of our towns and cities, who look as if they are doing well, but they aren't.
They are asset poor and struggle with debt - despite drawing good wages - and they are crying out for financial plans to rein in their spending.
Despite being well educated, the professional poor lack the skills to turn around their financial positions.
Commenting is closed
It’s full steam ahead for the Stevenson Group’s $800 million, 361-hectare industrial and residential development in South Auckland – despite the uncertainties of the post-Covid-19 era.
The Reserve Bank says the commercial property sector is vulnerable to the Covid-19 crisis. But PMG Funds' chief executive believes that while there’ll be short-term pain, the biggest long-term impact will be structural change.
Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.