When I was working in Europe, I attended conferences in the finance industry. Sometimes they were essential for CPD (continuing professional development). A few turned out to be pivotal.

One that sticks in my mind was given by the owner of a top champagne brand from France. The success of their business had enabled them to build a large share portfolio. The income from that portfolio protected them from bad years.

 

Good planning can make work optional.
Source: AI image generated by Freepik AI

 

There was also a theme that stuck with me over many talks.

More and more people in the finance industry were retiring early. Ever-growing compliance was making business more difficult and sucking the joy out of it. Younger people weren’t coming through. Looming shortages were signalled.

When I returned to New Zealand, I found the same thing here. Advisors were retiring early, citing the ramped-up compliance burden.

Two observations:

  • First, over-regulation in the name of ‘keeping people safe’ has become a problem in many industries.
  • Second, those I knew in finance were able to retire early and comfortably because they had passive income. Sometimes they were earning more from their portfolios than their day job.

 

Passive income from dividends

 

There are different schools of thought when investing in shares:

  • Invest for growth. Focus on companies like…

 

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