Cooking the Books

How one woman saved 50% of her income to fund a career change


Listen Later

Each week BusinessDesk and the NZ Herald’s Cooking the Books podcast tackles a different money problem. Today, it’s how one New Zealander used financial independence to fund a career change. Hosted by Frances Cook.

We often talk about financial independence in terms of its most famous acronym, FIRE, for Financial Independence, Retire Early. 

But many people chasing financial independence aren’t actually interested in retirement. They’re instead after the financial security that allows them to make whatever career choice is best for them. 

Hopes and dreams are all well and good, but unfortunately, it often takes money to fund them. 

Many of us would be interested in starting our own business or going after a career change, but the reality is, it’s hard to make that leap without some financial security behind you. 

Today’s guest knows all about that. 

She went from spending everything she earned, to saving 50% of her income, within a year. 

She then used that to reconsider her career options, start a side hustle, and then dove in to turn that side hustle into her own business. 

Here’s how she made it work. 

For the latest podcast, I talked to Christel Maurer, from The Money Journey.

If you have a question about this podcast, or a question you'd like answered in the next one, come and talk to me about it. I'm on Facebook hereInstagram here, and Twitter here.

 

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

Cooking the BooksBy NZ Herald

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

4 ratings


More shows like Cooking the Books

View all
The Mike Hosking Breakfast by Newstalk ZB

The Mike Hosking Breakfast

64 Listeners

The Happy Saver Podcast - Personal Finance in New Zealand by Ruth - Personal Finance Blogger

The Happy Saver Podcast - Personal Finance in New Zealand

23 Listeners

Viva Talks by NZME

Viva Talks

0 Listeners

Your Money With Mary Holm by RNZ

Your Money With Mary Holm

10 Listeners

Speaking Secrets by NZME

Speaking Secrets

0 Listeners

The Front Page by NZ Herald

The Front Page

19 Listeners

The Detail by RNZ

The Detail

54 Listeners

Fighting For Our Future by NZME

Fighting For Our Future

0 Listeners

The Property Academy Podcast by Opes Partners

The Property Academy Podcast

35 Listeners

Just Listen by NZME

Just Listen

0 Listeners

Between Two Beers Podcast by Steven Holloway & Seamus Marten

Between Two Beers Podcast

96 Listeners

The 50 Year Secret by NZME

The 50 Year Secret

18 Listeners

The Girls Uninterrupted by Stuff | Brodie Kane Media

The Girls Uninterrupted

15 Listeners

The Pivot Pod by NZME

The Pivot Pod

0 Listeners

Shared Lunch by Sharesies

Shared Lunch

12 Listeners

Girls That Invest by Girls That Invest

Girls That Invest

285 Listeners

Money Talks by NZME

Money Talks

5 Listeners

When the Facts Change by The Spinoff

When the Facts Change

16 Listeners

Billy T' Billy by NZME

Billy T' Billy

0 Listeners

The Curve by The Curve Platform

The Curve

16 Listeners

Keep The Change by nextAdvisory

Keep The Change

12 Listeners

Science Digest by NZME

Science Digest

0 Listeners

On the Tiles by NZME

On the Tiles

0 Listeners

The Dom Harvey Podcast by Dom Harvey

The Dom Harvey Podcast

82 Listeners

Detour: Antarctica by NZME

Detour: Antarctica

5 Listeners

One Day You'll Thank Me by NZ Herald

One Day You'll Thank Me

0 Listeners

It's a Date by NZME

It's a Date

0 Listeners

The Little Things by NZ Herald

The Little Things

8 Listeners

No Such Thing as Normal by NZME

No Such Thing as Normal

0 Listeners

The Māori in Me by NZ Herald

The Māori in Me

0 Listeners

Tova by Stuff Audio

Tova

0 Listeners

Markets with Madison by NZ Herald Business

Markets with Madison

1 Listeners

A Forgotten History by NZ Herald

A Forgotten History

3 Listeners

Accused: The Polkinghorne Trial by NZ Herald

Accused: The Polkinghorne Trial

2 Listeners