Did you know that for a lot of Kiwis their KiwiSaver is likely to be the 2nd largest asset that they will own in their lifetime? With that in mind, you would think we'd be more inclined to engage more with it, right?

Turns out we’re not! ⁠ Research shows that 1/5 Kiwis don't even know who their KiwiSaver provider is. So today, we're going to motivate you to check in with your KiwiSaver to make sure you're maximising your balance ahead of retirement. Despite it being potentially a long time away.   

In this episode, we cover:

• Cat & Christine's personal experience with KiwiSaver; who their balance is with and why.
• How to check which KiwiSaver fund and provider you're invested in. 
• Whether there's an ideal no. of times you switch KiwiSaver providers and funds. 
• Switching between KiwiSaver providers and funds when the share markets are down. 
• The importance of knowing about your KiwiSaver contributions - how much you and your employer contribute.
• The impact of increasing your contributions now, on when you reach retirement. 
• How fees can negatively compound to eat into your KiwiSaver balance over time. 
• How to assess whether your KiwiSaver balance has performed well.

If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.

SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify

Follow us for fun chat & financial tidbits on IG: @itsnosecretnz
Got questions? Get in touch: www.itsnosecret.co.nz

Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.

Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

Every parent wants to set their children up for success and this usually includes a financially secure future. And one of the best ways of doing this is through investing for their children early and consistently. However, there are a few nuances that parents may not consider when it comes to investing that can actually hinder their returns over the long run.
 
With this in mind, today's podcast episode covers things that you may want to consider when you start investing in your kid's future.

Specifically, we cover:

• The different investment structures you can set up for your child. i.e. personal investment account or KiwiSaver.
• The pros and cons of each investment structure you opt to use.
• How tax is key and should be put into consideration when investing for your child.
• Which investment options you can consider, especially with a long time horizon.
• Ways to maximise the chances of success when setting up your child's investments.
• What Cat herself is personally doing for her baby.

Check out our website and show notes at www.itsnosecret.co.nz/38

If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.

SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify

Follow us for fun chat & financial tidbits on IG: @itsnosecretnz
Got questions? Get in touch: www.itsnosecret.co.nz

Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.

Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

Today on the podcast we're back for part two of our how to budget for a baby series. if you haven't listened to part one, stop right now and go back to our previous episode. It's one not to miss. This podcast will also probably make a bit more sense after listening to the first one too.

Please note: this episode was recorded a wee while back, however, the information is still relevant and applicable to you if you're having a baby.

Specifically, we cover:

• What kind of stuff do babies need and how much money can this cost
• The trade-up of getting childcare vs staying at home with the child
• A few stats from UNICEF and what it's like having a child in New Zealand
• The types of government support that can be potentially available for you
• Some tips and tricks to get yourself in the best financial position to have children

...And there's lots more goodness in there, so get listening now!

Check out our website and show notes at www.itsnosecret.co.nz/36

If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.

SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify

Follow us for fun chat & financial tidbits on IG: @itsnosecretnz
Got questions? Get in touch: www.itsnosecret.co.nz

Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.

Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

Just in case you missed it, Cat is having a baby! With this in mind, we're talking about all things kids and how you can financially plan ahead for the journey to parenthood.

So, strap in and grab your notebooks as we talk through the first part of how you can budget for a baby.

Please note: this episode was recorded a wee while back, however, the information is still relevant and applicable to you if you're having a baby.

Specifically, we cover:

• Common societal beliefs when it comes to starting a family.
• Everything Cat considered when she was planning for her baby.
• What it's like to be pregnant and maternity in general - does it cost a lot more to be pregnant? What about the costs to concieve? 
• Cat's process for budgeting ahead and what her budget looks like now with a baby.
• Weighing up getting childcare vs staying at home with your new child. 
• Tips and tricks to get yourself in the best financial position to have children.

...And there's lots more goodness in there, so get listening now!

Check out our website and show notes at www.itsnosecret.co.nz/36

If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.

SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify

Follow us for fun chat & financial tidbits on IG: @itsnosecretnz
Got questions? Get in touch: www.itsnosecret.co.nz

Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.

Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

Today on the podcast we're chatting with Josh Storey, farmer and Kernel investor. 

Starting his money journey young, selling chicken eggs from the farm, Josh is now investing his way towards farm ownership - no easy feat in our eyes. 

In this podcast, we dig into how Josh is working towards this big goal, and how his money journey to date has shaped the way he's approaching it. 

Specifically we chat about: 

• The financial goal of dairy farm ownership, and how you get there 
• Josh's experience investing in shares and index funds
• The financial side of a career in farming - starting salaries, career progression and more
• Combining finances and financial goals with your partner 
• Making money in farming and how to calculate your ROI on farming assets (i.e. cows)
• Large amounts of debt that comes with buying a farm, and how that can impact mental health 
• Managing the fluctuations of the dairy industry pricing 

Please note: this episode was recorded a wee while back, so bear that in mind when listening.

Keen to share your story on a Money Moments episode? Get in touch via:
https://itsnosecret.co.nz/

If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.

SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify

Follow us for fun chat & financial tidbits on IG: @itsnosecretnz
Got questions? Get in touch: www.itsnosecret.co.nz

Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.

Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

Passive income is often over-glamorised on social media as the thing that millennials and Gen Z’ers rely on to get them to their dream lifestyle or financial freedom.

But what does it actually mean to have a passive income? And how does one get to the point of living off it?

In today's episode Cat and Christine discuss exactly this. They chat about how there isn't a right or wrong way to create passive income and how it might fit into the way you approach your finances. 

Specifically, they cover:

• What a passive income is, and where the misconceptions lie 
• Why renting out your property ISN'T passive income 
• The realities of what it takes to create a passive income (i.e. a large principle sum to generate income off of) 
• Side hustles vs passive income - whether there's a difference
• Dividends as a form of passive income 
• Investing in growth assets to get to generate a passive income later in life
• Cat & Christine's personal experience with passive incomes (and why they won't be trying to generate one any time soon)

...And much more, there's lots more goodness in there, so get listening now.

Check out our website and show notes at www.itsnosecret.co.nz/35

If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.

SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify

Follow us for fun chat & financial tidbits on IG: @itsnosecretnz
Got questions? Get in touch: www.itsnosecret.co.nz

Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.

Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

Today on the podcast Cat and Christine are joined by the lovely Clarissa, Head of Content & Marketing at the Financial Services Council (FSC).

They chat with Clarissa (AKA Riss) about her personal journey with money but also shed light on a very important campaign that the FSC has just kicked off focused on improving the financial wellbeing of women.

This is a topic that Cat and Christine are very passionate about, so they are very excited to dive in.

Specifically, they chat about:

• Clarissa's relationship with money.
• What lessons Clarissa learnt as she was growing up, and what she would tell her younger self about money.
• How a loss of a loved one can impact a person and family financially. 
• What it was like for Clarissa when she moved from Australia to New Zealand and switched careers.
• How Clarissa negotiated her salary throughout positions to get to where she is now.
• How COVID impacted Clarissa's work hours and how she got around that.
• Clarissa's current financial situation and how she is saving/investing her money. 
• What the FSC  is and why their campaign is focusing on women and financial wellness in NZ. 
• And much much more!

If you want to learn more about the FSC Campaign head to the resources below:

• Financial Services Council Rallies organisations to grow women's financial literacy.
• It Starts with Action 
• Women and Financial Wellbeing in NZ

Keen to share your story on a Money Moments episode? Get in touch via:
https://itsnosecret.co.nz/

If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.

SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify

Follow us for fun chat & financial tidbits on IG: @itsnosecretnz
Got questions? Get in touch: www.itsnosecret.co.nz

Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.

Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

2022 has been a crazy year, high interest rates and inflation has caused the markets to take a tumble. And with so much fear and uncertainty in the air, everyday investors are left wondering what to expect for the rest of the year. With all of this in mind,  we wanted to touch on all of these things and share reminders of what you could be doing during times like these.  

Specifically, we cover:

• We remind you that, if your goals and situation have not changed, making changes now may prove to be detrimental.
• How you can help future-proof your investments with sustainable investing and innovation.
• Rising interest rates- property, keeping money in the bank. What this can mean for you as an investor.
• The challenge of paying off your mortgage when interest rates increase.
• How you can help adapt to rising inflation rates or the cost of living. 
• How this turbulent time can actually be a great learning experience, especially for newer investors. 

...And there's lots more goodness in there, so get listening now.

Please note, that this podcast was recorded in May. Some facts and figures will be a little bit outdated. e.g. Interest rates referenced and Kernel's Savings account interest rates.

Check out our website and show notes at www.itsnosecret.co.nz/34

If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.

SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify

Follow us for fun chat & financial tidbits on IG: @itsnosecretnz
Got questions? Get in touch: www.itsnosecret.co.nz

Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.

Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

Today on the podcast, Cat and Christine share an update on how their finances are tracking as we continue into 2022. It's been a hot minute since they last let you into what they're changing, or not changing when it comes to money and investments. So here they go! 

Specifically, they chat about: 

• Christine pays off her student loan! WOOP. This means more money in each paycheque, so what's she doing with it? 
• Working lumpy sums into a budget 
• Why Christine completely restructured her bank accounts
• Changing KiwiSaver and why Cat decided to switch hers to Kernel 
• Cat got a pay rise, yay! What's she spending the extra income on...and how she's battling lifestyle creep. 
• Cat goes on parental leave soon, how Kernel is supporting her with this 
• Both Cat & Christine invested in private equity - find out how they found the money to do it. Hint: there's some borrowing from family members included. 
• How Cat is feeling about and managing going down to one income when le baby comes! 
• Cat receives an inheritance, find out what she's doing with it. 

We hope you enjoy hearing our updates as much as we did sharing them!

Keen to share your story on a Money Moments episode? Get in touch via:
https://itsnosecret.co.nz/

If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.

SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify

Follow us for fun chat & financial tidbits on IG: @itsnosecretnz
Got questions? Get in touch: www.itsnosecret.co.nz

Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.

Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

After two years of border restrictions, it's safe to say that a lot of Kiwis are itching to leave the country. In fact, the government is estimating that 50,000 New Zealanders are going to leave over the next year to work overseas.

If you are 1 of the 50,000 Kiwis thinking of heading off,  here are some things that you should consider. So, grab your pen and paper, and make sure to take a note of these before you go!

In this episode, we cover:

• Cat and Christine's personal experience of moving across borders, From Aus to NZ, and NZ to Europe
• The extra costs that you need to consider like moving furniture, visas, insurance etc.
• How your income may be affected as you move to different countries due to the different job markets
•  How you will have to pay interest on your student loan if you are overseas
• Will you be keeping any money in your home country, such as your investments and KiwiSaver
• Why it is important that you have a clear goal in moving to a different country

...And there are lots more nuances in there that you may not even consider so get listening now. 

If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.

SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify

Follow us for fun chat & financial tidbits on IG: @itsnosecretnz
Got questions? Get in touch: www.itsnosecret.co.nz

Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.

Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz