There are lots of kinds of debt - some good and some not so good. Good debt, like a mortgage, can help you grow your wealth over time, whereas bad debt like personal loans and credit cards can detract from it. But how much of a burden is debt on our mental, physical and financial wellbeing?

Did you know that 17% of Kiwis say their credit card bill is their leading cause of financial stress. Gah! In this episode we tackle head-on some of our most stressful debts - personal loans, credit cards, buy now pay later, student loans and home loans. Plus all the details on how to tackle these debts if they're causing you financial stress. Trust us, we've been there. 

In this episode, Christine and Cat chat about: 

• The current state of NZ's consumer debt and whether we should be worried about it
• Why Buy Now Pay Later schemes (we're looking at you, Afterpay) need to get in the bin
• When student loans are an interest-free cruise versus when they can affect our financial situation 
• How your student loan impacts your ability to buy a first home 
• Deciding whether to pay more off a home loan or invest/save the money instead 
• The magic of balance transfers to assist with credit card debt repayments 
• How to help with unnecessary spending and break the getting-into-debt cycle
• Credit card repayment strategies
• The trouble with car finance

...plus lots more! 

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

Hello and happy Tuesday! In today's episode we answer the question of whether women are as involved in our finances as we want to be/need to be/should be/or the media tells us to be?

This is a massive topic and one that we are both pretty passionate about...after all, we are women. There are so many facets to this topic, and before you roll your eyes thinking this is going to be a rant on fempower, hear us out.

We hear all this stuff about women needing to become more actively involved in participating in their finances, that we make better investors and we need to close the gender wealth gap.

So, are we? 

In the episode, we chat about: 

• What does being actively involved in your finances even mean, for any gender!
• How you can find clarity + confidence 
• How and why we need to get women involved in long term financial planning 
• What the stats around the world tell us about female participation of money management
• How to test how much your partner knows about money
• What action you can take to reduce your levels of stress around money
• How to take action, whilst not being overwhelmed by the depth of responsibility
• They key to setting up financial success with a partner and striving for shared money responsibilities
• What women in all phases of life can do about the  gender pay gap, wealth pay gap and ensuring we're setting ourselves up for success.

...plus lots more fun stuff, as always.

Check out all our resources mentioned and full show notes at:
wwww.itsnosecret.co.nz/22

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

Should we be investing in crypto?! Understanding the deep and confusing world of crypto was something that we were putting off learning. But we kept hearing about Bitcoin, Ethereum, NFTs and blockchain, so it's time to figure out once and for all, if cryptocurrency is an investment option we should be considering.

Now, we are most definitely not crypto experts, in fact we really don't know much about it...so we've asked Darcy Ungaro, Financial Adviser, Host of the NZ Everyday Investor podcast and crypto investor to join us and chat about all things crypto. 

In the episode, we chat about: 

• What are cryptocurrencies?
• Are all crypto created equal or are some better than others? 
• Is cryptocurrency a currency or an investment?
• How can I expect to make money investing in cryptocurrency?
• The importance of being diversified in your coins
• Why the same fundamental financial principles apply to investing in cryptocurrency as they do investing in the share markets
• How do I know if I'm ready to invest in cryptocurrency?
• Using crypto in a core-satellite portfolio strategy
• Where and how would we start investing in cryptocurrency

...plus lots more fun stuff, as always.

Check out all our resources mentioned and full show notes at:
wwww.itsnosecret.co.nz/21 

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

Welcome to another Money Moments episode of It's No Secret, where we chat to real Kiwis about their experiences with money. 

Today we're joined by Jack Niven, Account Manager at NZME, avid rugby player and coach, and of course all round awesome guy. 

In today’s episode, Cat and Christine chat to Jack about everything from buying a property at 20, to starting a business while studying as a mature student, to then selling that business and reinvesting that money into his property. 

Jack shares what success truly means to him (hint: it’s not all about money) as well as the 4 pillars he measures himself and his life against to ensure he’s always living into his version of success. 

In the episode, we chat about: 

• How Jack's mum shaped his perspective on and relationship with money, 
• Getting on the property ladder at the age of 20,
• Jack's experience of negotiating the sale of his business,
• Why successes isn't just about money, it's about being a good person, 
• Whether going back to entrepreneurial life is worth it, or corporate is too comfortable, 
• Navigating money in a relationship - the merging of finances and the cost of weddings, and;
• Combining different cultural and financial backgrounds. 

…and lots more good stuff. We hope you enjoy this conversation as much as we did!

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

Hello & Happy Tuesday everyone! In today's episode we're answering the question of... 

HOW DO I FIGURE OUT IF I'M IN THE RIGHT KIWISAVER FUND?

If you're not thinking about retirement now, then it's time to start. Whether you're in your 20s, 30s, 40s or beyond, working towards building up a financial cushion NOW that you can retire with LATER is incredibly important. Why? Because building wealth doesn't happen overnight and nobody wants to be in the position where they're a few years out from retirement panicking about whether they can afford to retire or not. 

KiwiSaver plays into this (after all, it's purpose is to help us retire post-buying a house), so it's a good idea to ensure you're in the right fund for your risk appetite and goals. 

In this episode, Christine and Cat chat about: 

• How NZ is faring when it comes to preparedness for retirement (spoiler: not great)
• How our lotus of control affects our preparedness for retirement and overall financial wellbeing
• 5 practical steps for figuringing out if you’re in the right KiwiSaver fund
• Why assessing a KiwiSaver provider based solely on fees is not an accurate reflection of the value they may provide
• Why being with the same KiwiSaver provider as your significant other doesn’t result in higher risk or less diversification

...plus lots more! Get listening now to find out what else we have in store for you.

Check out all our resources mentioned and full show notes at:
wwww.itsnosecret.co.nz/20 

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

Hello our lovely listeners! Welcome back to another bonus episode of It's No Secret, this time a Money Moments check in with Christine and Cat. 

We received such great feedback from you about our first Money Moments episode that we thought we would make it a regular thing. So here you are! 

Today on the podcast we reflect on the last 3 months of our financial lives, plus set some small achievable goals for the next couple of months. 

In this episode, we chat about: 

• Why Christine has put the property search on hold in the short term
• Cat's next investment property move (spoiler: it involves her fave, renovating)
• How Cat plans to use buying an investment property to help her upsize her home in 5 or so years (so they can stay in the same suburb!)
• Christine selling her shares, finally! 
• And with that, why we find it so much harder to sell shares than buy them
• How changing KiwiSaver providers can feel so easy relative to selling shares 
• Streamlining our financial lives to lighten the mental load
• The power of accountability with taking action with money and investing

...and lots more juicy chat, as always. 

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

Hello there money-chatting friends! In today's episode, we're answering the question of...
 
HOW DO WE JUSTIFY THE COST OF INVESTING IN OURSELVES?

Should you always put yourself first when it comes to your finances? Society tells us to invest in tangible assets and be selfless, that generosity for others is a quality to be admired. But what about generosity for ourselves? You can have all the money in the world but if you don't have your physical or mental health, will you be able to enjoy it?

What's in the episode?

In this episode, Cat and Christine dive into the psychology behind investing in ourselves and why it's so important. 

Specifically, we cover:

• What does investing in yourself actually mean?
• How are Cat and Christine currently investing in themselves and what was the story they were telling themselves before committing to this.
• We unpick just why it is so hard to spend money on ourselves
• How cognitive dissonance plays into this decision making 
• Why it's easier to buy things for others
• We understate our own value; recognising that you are a $1M asset
• How to overcome the tendency to be cheap and take the leap to spend on meaningful things for yourself
• Actionable steps in order to afford investing in yourself – whatever that looks like.

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

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

Check out all our resources mentioned and full show notes at:
https://itsnosecret.co.nz/19

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

Welcome to another Money Moments episode of It's No Secret, where we chat to real Kiwis about their experiences with money. Today we're joined by Danni Duncan.

Danni is a content creator and social media influencer living in the sunny Hawkes Bay with her husband Alex and fur baby Stanley. Originally from Christchurch, Danni trained and worked as a Speech Language Therapist before transitioning her social media hobby into a full time gig.

We’ve followed Danni on the gram for quite some time, falling in love with her passion for fair fashion, radical transparency on mental health and emotional abuse awareness. She’s also a huge proponent around knowing your worth and encouraging all content creators be paid fairly for their work - which is a message we at INS can really get around.

In this episode, we chat about: 

• How Danni had her first job at age 11 and learned to save from her parents, 
• Her experience being in an emotionally abusive and financially controlling marriage,
• Some of the warning signs of financial control in a relationship,
• Knowing whether your relationship with money is normal,
• How after leaving her first husband she had to change all her financial habits,
• Becoming an independent earner and chasing her career goal to be a full time content creator, 
• Investing in her mental health,
• Creating a healthy working partnership in her second marriage and the importance of having shared goals,
• Knowing your worth as a self employed creative, and;
• Why pay transparency is powerful is the influencer industry.

…and lots more good stuff. We hope you enjoy this conversation as much as we did!

Connect with Danni on Instagram.

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

Hello there friends! In today's episode, we're answering the question of...
 
WHY IS STICKING TO A BUDGET SO DARN HARD?

We've probably all tried to create a budget, then tracked it for a month, fallen off the band wagon...after trying this very cycle again in a few months. But why??

Society tells us that we need to have a budget and if you don't have one...get one asap. OR if you don't stick to it then you're a failure, or in capable of managing your money well. 

What's in the episode?

In this episode, Cat and Christine dive into the pros and cons of budgeting and money psychology. Should we just ditch the word "budget" entirely and re-frame this money behaviour as planned spending? We think so. 

Specifically, we cover:

• How our brain reacts to the word budget 
• Whether 'slimming down the fun' is ever possible 
• Changing our mindset to being goal oriented rather than going without
• How often you should review your spending
• Getting out of a binge-spending cycle
• Managing budget and spending guilt
• The 50/30/20 budgeting rule
• Paying yourself first - what it is and how to do it
• Creating positive behaviours when it comes to budgeting
• Managing a budget with a partner
• How to practically set up your bank accounts

 ...And honestly, there's so much more goodness in there, 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

Hi money-chatting friends! Happy Friyay - congrats, you made it! 

To finish off the week, and kick the weekend off with a bang, we’re bringing you another bonus Money Moments episode. 

Money Moments is where we chat to real Kiwis about their experiences with money - the ups, the downs and everything in between.

Today we're joined by Rosey Nathan, Partner at Customise Talent Group, Chief Commercial Officer at Her Career and a fellow podcast host at the Rosey on Recruitment podcast.

Not only is Rosey a ray of sunshine with an infectious laugh, but she is also an ambitious business woman who has built a successful career in sales, and now recruitment.

In this episode, we chat about: 

• Her career journey to date, and her drive to provide for her family 
• Her recent transition out of sales and into recruitment, including going from a full-time salary to being paid on a commission only basis
• How a large windfall changed the course of her financial life 
• How money drove her decision to change roles multiple times in a short period of time
• The link between confidence and salary negotiation, particularly for women 
• Tips for negotiating your salary or a contract 
• How a recruiter can support you in your career (and salary) development

…and lots more good stuff. We hope you enjoy this conversation as much as we did! 

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