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22 episodes with tom hartmann
14 episodes with tom hartmann
6 episodes with tom hartmann
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5 episodes with tom hartmann
3 episodes with tom hartmann
2 episodes with tom hartmann
2 episodes with tom hartmann
14 episodes with tom hartmann
In this exciting episode, Tom Hartmann joins us to dive into the latest from the wing foiling and surf foiling world. We recap the recent GWA Wave World Cup in Cabo Verde, where stellar conditions at Ponta Preta showcased top-tier performances, including Nia Suardiaz's well-deserved women's wave title and Cash Berzolla's standout riding. Tom shares behind-the-scenes insights, from equipment challenges to the new rule allowing wing-powered airs that elevated the show. We reflect on Foiling Week in Pensacola, Florida—a vibrant, community-driven event connecting U.S. foilers across disciplines like wing foiling, pump foiling, and e-foiling. Tom highlights the social aspect's role in building the foil community, Pensacola's potential as a water sports hub, and Cocoa Beach's rise as a key spot, despite tricky swell at the Foil Surf Race League. Looking ahead, the future of surf foiling shines bright with plans for new events and formats. Plus, Tom shares a lively detour to Mardi Gras in New Orleans, soaking in its wild, cultural energy. Visit https://www.surffoilworldtour.com/ and https://www.wingfoilworldtour.com/ for more!
On our 10th episode of the GWA Show, tour manager Tom Hartmann joins us to talk about: - The Boot Expo and the first official indoor wing foiling comp in history - The Wind conditions at the Boot Expo with the wind machines - Athletes felt like stars in a stadium setting during the event - Pool depth and behind-the-scenes insights - The SFT (Surf Foil World Tour) events that are coming up for 2025 - Pump foiling attracts athletes from diverse sports backgrounds - Foiling sports are not weather-dependent, allowing for more events - Youth engagement in foiling sports is crucial for the future - And Much MoreVisit: https://www.surffoilworldtour.com & https://www.wingfoilworldtour.com Trip Alert !! --> Want to improve your wing foiling? Join us in Bonaire, May 4-10. Details: foillifepodcast.com/bonaire-may-2025Learn more about our team!Our Links: https://linktr.ee/foillifepodcastHelp Frank get to AWSI 2025: Support us!
On our 9th edition of the GWA Show, tour manager Tom Hartmann joins us to talk about:- Their last tour stop of the season in Jericoacoara Brazil- The event location, conditions and weather & competition results- Upcoming events in 2025 including - innovative formats and new locations.- The Boot - First GWA Indoor competition- And much more. Visit: https://www.wingfoilworldtour.com/events/gwa-wingfoil-world-cup-brazil-2024/ This episode is brought to you by SeaZen Wind, Wellness & Water. Visit: https://winglifepodcast.com/bonaire-may-2025 to get started. Music from #Uppbeat (free for Creators!):https://uppbeat.io/t/kevin-macleod/beach-partyLicense code: EPGKGAXD2P8WQYQG ★ Support this podcast ★
On the last episode of Sussed, Sorted, Shifting for 2024 we sit down with a familiar face, Tom Hartmann. Tom joins us to discuss how we can get ahead of the curve and start planning financially for 2025, so come the new year we are feeling confident, rather than stressed after the festive season! We talk about how we can set realistic financial goals, how to make money work for you and tips and tricks so you don't have to live pay check to pay check and can make the most of 2025! Head to sorted.org.nz for tools to help grow your relationship with money today! If you want help knowing your credit score is, click the link below! https://sorted.org.nz/guides/tackling-debt/credit-reports/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Rundown - Intro - 00:35 Thom Hartmann - 08:56 Troubadour Dave Gunders - 43:50 "Good To Believe" by Dave Gunders - 57:01 Outro - 01:01:59 Donald Trump made a fool of himself in Aurora, CO, just hours before Kol Nidre and Yom Kippur 5785. The host hits on the numerous lowlights. Trump is whipping up hate in Colorado, but he's looking like a sweaty loser. https://www.c-span.org/video/?c5136337/president-trump-announces-operation-aurora-illegal-immigration Trump promises death to anybody who gets in his way. He tries out capital punishment talk in Aurora, where the Colorado death penalty went to die when DA George Brauchler lost his DA Office's effort in the Aurora theater massacre. World-famous radio talk show host Tom Hartmann explains the attempted MAGA fascist takeover of America. The threat is spelled out in his fine new book, The Hidden History of the American Dream: The Demise of the Middle Class – And How to Rescue Our Future. https://www.thomhartmann.com/ Hartmann begins his book with this quote by FDR: “The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than the democratic state itself. That, in its essence, is fascism: ownership of government by an individual, by a group, or any controlling private power.” Hartmann is an expert on economics, history, politics, ADHD, and religion. Thom Hartmann's America's number one listened-to progressive talk show host, with 7 million weekly listeners. He's also an accomplished entrepreneur, clergyman, and world traveler. https://en.wikipedia.org/wiki/Thom_Hartmann We discussed his radio career, including his time on AM760 in Denver. Hartmann explains what happened to Air America and how corporate media (including Mitt Romney's Bain Capital) destroyed AM radio's being objective and entertaining. ClearChannel was never the same after that and became more and more right-wing. Hartmann recalls his interactions with Michael Medved and Salem Media. The AM radio takeover by billionaires paved the way for blue states to become GOP-red, being propagandized by Rush Limbaugh and other hate talkers demonizing the “Left.” October 7 massacre was memorialized and discussed with Troubadour Dave Gunders, who brought us his song, "Good To Believe," right on time for the deeply meaningful Jewish holiday of Yom Kippur. Hashem's healing power gets reviewed. https://www.youtube.com/watch?v=9FVnRA3VemQ
Kiwis struggling to stay afloat have turned to credit cards to bridge the cap amid an ongoing cost-of-living crisis. New credit card application enquiries have reached their highest level since 2021- and card arrears have jumped 4.4 percent in August. Sorted Personal Finance Lead Tom Hartmann says living costs have increased and bills have piled up - and people feel the need to borrow their way through it. "From power, from kids' sports fees - it could be many different situations. And this is just one way to get through it." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Kiwis struggling to stay afloat have turned to credit cards to bridge the cap amid an ongoing cost-of-living crisis. New credit card application enquiries have reached their highest level since 2021- and card arrears have jumped 4.4 percent in August. Sorted Personal Finance Lead Tom Hartmann says living costs have increased and bills have piled up - and people feel the need to borrow their way through it. "From power, from kids' sports fees - it could be many different situations. And this is just one way to get through it." LISTEN ABOVESee omnystudio.com/listener for privacy information.
In this special webinar episode, we sit down with Luke Kemeys from Keep The Change and Tom Hartmann, Sorted's Personal Finance Lead, to walk us through five essential steps to grow your wealth. From building a $1,000 emergency fund to clearing high-interest debt, we cover key strategies to help you take control of your finances and start investing for the future. This episode is proudly sponsored by Partners Life. For more money tips follow us on: Facebook Instagram LinkedIn TikTok YouTube The content in this podcast is the opinion of the hosts. It should not be treated as financial advice. It is important to take into consideration your own personal situation and goals before making any financial decisions.Re
We sit down with Tom Hartmann, Personal Finance Lead at Sorted, to delve into the pressing issue of financial struggle among New Zealanders. Despite advancements in financial literacy, a staggering 56% of Kiwis are grappling with their finances. This episode is proudly sponsored by Partners Life. For more money tips follow us on: Facebook Instagram LinkedIn TikTok YouTube The content in this podcast is the opinion of the hosts. It should not be treated as financial advice. It is important to take into consideration your own personal situation and goals before making any financial decisions.Re
What's total remuneration about? What's next for the Sharesies KiwiSaver Scheme? And much much more! Mary Holm, Tom Hartmann and Sharesies' own Matt Macpherson are back to answer listener questions. We tackle the concept of total remuneration when it comes to KiwiSaver contributions. Talk about what is coming to the Sharesies KiwiSaver Scheme this year. And finally we offer up ideas on what the government should look at for its KiwiSaver review this year. https://www.sharesies.nz/podcasts/the-payoff Sharesies Investment Management Limited is the issuer of the Sharesies KiwiSaver Scheme. The Product Disclosure Statement for the Sharesies KiwiSaver scheme has been lodged and may be viewed on the Disclose Register at www.sharesies.nz/kiwisaver/documents. The Payoff is not financial advice. We recommend talking to a licensed financial adviser. You should review relevant product disclosure documents before deciding to invest. Investing involves risk. You might lose the money you start with. Content is current at the time. The Payoff is for a New Zealand audience.
Tour manager, Tom Hartmann joins us to recap the GWA's 2nd tour stop of the 2024 season in Leucate, France. We talked about: An overview of Leucate, France as a travel destination The Tramontana winds that peaked at 60 + knotsTop new moves and the new young guns on the ladies and men's side The new format for the FreeFly Slalom and how it's going to change the name of the gameThe Nia and Chris show - How the winners of the event faired in the conditions And more. Visit: https://www.wingfoilworldtour.com/events/gwa-wingfoil-world-cup-france-2024/ This episode is brought to you by the Wing Foil Expedition in La Ventana, Baja California Sur. Are you looking for an all-inclusive wing foiling adventure this January with oceanfront accommodations? Visit https://winglifepodcast.com/wing-foil-trips to learn more. ★ Support this podcast ★
GWA tour manager Tom Hartmann joins us from his home in Mauritius to recap the first event of the 2024 GWA season at Punta Preta. We talked about: - Event highlights for both men and women- Cash's wing release in the final versus Malo- How wing foiling Punta Preta has progressed in 1 year with new gear selection- Top moves and Top wipeouts- Impressions from riders, organizers This episode is brought to you by the Wing Foil Expedition in La Ventana, Baja California Sur. Are you looking for an all-inclusive wing foiling adventure this January with oceanfront accommodations? Visit https://winglifepodcast.com/wing-foil-trips to learn more. ★ Support this podcast ★
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Tom joins us from his home in Mauritius to introduce the 2024 GWA Wing Foil World Tour season. We talk about: Some behind the scenes insights about all 10 upcoming world cup tour stops. An in depth look at Ponta Preta, Feb 16 - 25 in Cabo Verde. How to get into Wing Foil world Tour eventsVisit: https://www.wingfoilworldtour.com/Watch Episode on Youtube or visit the Episode PageLike what we do? ★ Support this podcast ★Learn more about us & follow us on Instagram This episode is brought to you by the Wing Foil Expedition in La Ventana, Baja California Sur. Are you looking for an all-inclusive wing foiling adventure this January with oceanfront accommodations? Visit https://winglifepodcast.com/wing-foil-trips to learn more. ★ Support this podcast ★
Tom, tour manager of the Wingfoil World Tour joins us to recap their 2023 season and intro 2024. Visit: On this episode we talk about: - Highlights from the 2023 season- How the Big Air discipline got started and the biggest jump recorded in Pozo- How the Surf discipline got started and where they see it going- New potential event sites for 2024- and more.Visit: https://www.wingfoilworldtour.com/ Watch Episode on Youtube or visit the Episode PageLike what we do? Donate & Subscribe to Support usJoin our Facebook Community: Wing Life - A Wing Foil Community & Canadian ClassifiedsLearn more about us & follow us on Instagram This episode is brought to you by the Wing Foil Expedition in La Ventana, Baja California Sur. Are you looking for an all-inclusive wing foiling adventure this January with oceanfront accommodations? Visit https://winglifepodcast.com/wing-foil-trips to learn more. ★ Support this podcast ★
A highlight clip from the December 2019 episode "how other NZers stay on budget over Christmas", with Tom Hartmann, from the Commission for Financial Capability. 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 here, Instagram here, and Twitter here.See omnystudio.com/listener for privacy information.
More than half of New Zealanders are struggling financially, according to new research by Te Ara Ahunga Ora, the Retirement Commission. It says 55 percent of kiwis are in a tight spot with money - up 17 percent compared to February 2021. The Retirement Commission's personal finance lead Tom Hartmann spoke to Corin Dann.
More than half of New Zealanders say they're starting to sink when it comes to money. Fresh data collected by the Retirement Commission, shows 55 percent are having a hard time with their finances, up 17 percent from 2021. However, Sorted Personal Finance Lead Tom Hartmann told Kate Hawkesby the research also shows more people are starting to focus on positive money management skills. He says more people are considering purchases before they buy, which will help get through this financial rough patch. LISTEN ABOVESee omnystudio.com/listener for privacy information.
More than half of New Zealanders say they're starting to sink when it comes to money. Fresh data collected by the Retirement Commission, shows 55 percent are having a hard time with their finances, up 17 percent from 2021. However, Sorted Personal Finance Lead Tom Hartmann told Kate Hawkesby the research also shows more people are starting to focus on positive money management skills. He says more people are considering purchases before they buy, which will help get through this financial rough patch. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Sorted's money month is this August, the theme: 'Pause, get sorted'. Tom Hartmann from Sorted.org.nz shared their 6 steps that have been helping Kiwis take control of their money, a great starting point for anyone taking a pause to reassess their situation. This clip is a quick bite from our previous epsiode: 'Time for a money reset?'. For more or watch on youtube—check out http://linktr.ee/sharedlunch Brought to you by Sharesies, with BusinessDesk. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. Shared Lunch is not financial advice. We recommend talking to a licensed financial adviser. You should review relevant product disclosure documents before deciding to invest. Investing involves risk. You might lose the money you start with. Content is current at the time.See omnystudio.com/listener for privacy information.
A highlight clip from the December 2017 episode "Where to start when you're drowning in debt" with the Commission for Financial Capability's personal finance editor Tom Hartmann. 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 here, Instagram here, and Twitter here.See omnystudio.com/listener for privacy information.
Tom Hartmann, director of the GWA Wingfoil World Tour, joins us on this episode to talk about the world tour, his journey into wind sports, the Global Wing Association and more. Enjoy!Email: tom@globalwingsportsassociation.org About us:Like what we do? Donate & Subscribe to Support usJoin our Facebook Community: Wing Life - A Wing Foil Community & Canadian ClassifiedsLearn more about us & follow us on Instagram This episode is brought to you by the Wing Foil Expedition in La Ventana, Baja California Sur. Are you looking for an all-inclusive wing foiling adventure this January with oceanfront accommodations? Visit https://winglifepodcast.com/wing-foil-trips to learn more. ★ Support this podcast ★
#THATSWHATUP Show! ON THE CAMPAIGN TRAIL w#Trista4SenateGov&Prez! #comedy #music #politics
Hi citizens for responsibility and ethics in Washington! I wanted to thank you and applaud you for your letter to Trump about his disqualification from public office due to the 14th amendment! I cannot thank you enough! You have done this country a great service, by nipping his presidential aspirations in the bud! LOL now what about the rest of these GOP traitors from January 6th? The justice department has said nothing about them, nor has the January 6th committee! But as you know, 147 members of the house and 8 senators signed to overturn the elections based on zero evidence! These people are still in office! They just ran for re-election many of them! Marjorie traitor green just somehow won re-election. Can't you sue them all, like what you did to the New Mexico commissioner? Can I interview you Mr bookbinder for my podcast? I am very very interested in this subject, and wish to know what #crew can do to help us find relief. I know Marjorie traitor green was already sued, and a judge allowed her to go ahead and run for re-election! Is there a double jeopardy issue at play with her case since she has already been sued once for that can she be sued again? I look forward to speaking with you! Thanks again for all you do :-) keep up the Great work! Can I volunteer somehow?#### hey Miami herald, didn't you see that the Washington Post reported that( DeSantis blocked Department of Justice civil rights division monitors into Miami-Dade and a few other places in florida! Doesn't that sound like DeSantis cheated?????? I thought it was pretty suspicious he got double digit advantage in the governor race, after that brutal PR stunt human trafficking new American immigrants!!!! Hey sheriff Salazar of El Paso, where is the human trafficking charge against Abbott and DeSantis??????? Republicans always seem to cheat at elections don't they???? And nobody ever hold some accountable! Why don't you remove him from office charge him with human trafficking and throw them in jail that would be awesome thank you for doing your goddamn job!!!!! Stop sticking us with these criminal politicians!!!!!!! Why don't you cover that Miami herald???? DeSantis refuse to allow election monitors trying to block them claiming that it was against State law! You know he just don't want anybody seeing what he's doing down there in Miami-Dade!!!! I'm absolutely sure of it, he is cheating and stole that election! Hold him accountable!!!!!! Do your job!!!! ###Fantastic lecture, it helps to connect the dots between civilizations and the sleeping prophet is not given enough credit, I think in revealing to us our ancient past! I have long been pressuring the egyptologist gatekeepers like Dr Hawi zawass, to let us have access to this Hall of records underneath this paw of the Sphinx!! I'm convinced they are bought up by probably fossil fuel industry, because the pyramids were an ancient generator, and they don't want us to know about ancient civilizations that had unlimited free energy, because as JP Morgan did to tesla, we can't put a meter on it! We can't profit off of it, so we will not allow the human race to take advantage of the free energy in this world! I think if enough of us pressured Egypt maybe they would finally open up the Hall of records! I tell them, it's our collective human history, not yours! Stop hoarding knowledge of the past! They are holding us all back. ####Nobody is covering this story, so I'm hoping that law and crime might do us all a favor and cover it! In the 2020 election, 300,000 mail ballots went into the post office, but disappeared. A judge ordered USPS do a sweep of 14 swing States and 17 postal stations for the ballots, but us postmaster dejoy did not comply! Trump of course filed 86 lawsuits claiming election fraud, without any evidence so they were all thrown out! But nobody covered What happened to the 300, 000 ballots! I hope you can please cover this story! It is very important, and it has been ignored for too long! Trump needs t
I denne episoden møter du familieterapeutene Øyvind Iversen og Tom Hartmann. I episoden snakker de om famling. Hva vil det si for dem og på hvilke måter bidrar det i både arbeid og i hverdagslivet. De snakker om hva som inspirerer til en dialogisk holdning og hvordan Tom ønsker å møte folk. I samtalen reflekteres det også omkring forskning og metoder, og hvordan dialog og famling kan bevares. Tom nevner blant annet «å ikke famle, kan gjøre en dialog veldig stiv». Velkommen inn i samtalen.
Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's how to stop debt becoming a problem. Hosted by Frances Cook. Debt is one of those things that quite quickly becomes overwhelming. You start off with getting a few extra things on credit, but get behind on the payments. Soon the fees and interest are spiralling, and making you feel like you'll never get it paid off again. In the last few years increasing numbers of people are getting caught out on buy now, pay later schemes like AfterPay, Zip and LayBuy. Buy now, pay later is deceptively dangerous, because it's less regulated. That's right, there are lots of rules on your credit card, where the company has to check you can afford the debt you're taking on, and not sting you with fees that are unreasonable. But buy now, pay later has no such restriction. So increasing numbers of people are finding themselves in a hole, when $20 here and $20 there suddenly adds up to hundreds more than they had realised. It hasn't stopped a boom in popularity for this form of debt though, with the numbers of people under 65 using buy now pay later going from 18% in February 2021, to 30% by March 2022, according to research by the Retirement Commission. Well, whatever type of debt you're dealing with, there are ways to bring it under control, and pay less overall. For the latest podcast I talked to Tom Hartmann from Sorted. 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 here, Instagram here, and Twitter here.See omnystudio.com/listener for privacy information.
https://www.surveymonkey.com/r/CZ3LM5N (Ask me anything, suggest a topic, or a guest!) Tom Hartmann, personal finance lead with the https://retirement.govt.nz/ (Retirement Commission). Check out https://sorted.org.nz/blog/make-your-money-go-further-with-these-7-tips (the article )mentioned in today's show! The best analogy I can think of to describe the relationship between managing personal finances well and investing, is found in Hybrid vehicles- A hybrid car uses an internal combustion engine, an electric motor, and a small battery pack. When the engines going, it sends power to the wheels and also charges the battery, which in turn powers the electric motor to provide an additional power boost, or short range electric only driving. When the car slows down, the forward momentum no longer required is converted into energy stored in the battery system – so the surplus energy harvested is re-used another time. Hybrid vehicles go further with the same amount of fuel than normal cars with a gas engine only, because they're efficient. Still want to hear more from Tom Hartmann? Check out the following: Intergenerational wealth: https://open.spotify.com/episode/4HY3mejouE0hPw8OJlRkjw?si=EP0s26kCSRGeKXc3E-C05g (https://open.spotify.com/episode/4HY3mejouE0hPw8OJlRkjw?si=EP0s26kCSRGeKXc3E-C05g) KiwiSaver: Navigating troubled waters: https://open.spotify.com/episode/4UaVYJwNNlWBv9y4JwIkt8?si=BssrSystSA2XRt1qFAB2cw (https://open.spotify.com/episode/4UaVYJwNNlWBv9y4JwIkt8?si=BssrSystSA2XRt1qFAB2cw) Financially Left Behind: https://open.spotify.com/episode/6TesUXz8CRtN3mKelGhjqB?si=nwcQlJzHQXi_oYqIL6_Z9Q (https://open.spotify.com/episode/6TesUXz8CRtN3mKelGhjqB?si=nwcQlJzHQXi_oYqIL6_Z9Q) Increasing Financial Capability: https://open.spotify.com/episode/53MTLzXzK0HC78zWTODcQ9?si=qYRV7cVXRJm47XXn8Z_3Fg (https://open.spotify.com/episode/53MTLzXzK0HC78zWTODcQ9?si=qYRV7cVXRJm47XXn8Z_3Fg) _______________________ Hey! Like what you've heard today? I'm on a mission to help improve levels of wealth for everyday Kiwi's. After all, it's good to build wealth...right? Here's some ways you can get alongside the NZ Everyday Investor - no pressure, but I'd appreciate any help you could offer: Use the following referral/affiliate links Hatch: https://app.hatchinvest.nz/share/uqhcj8y8. $10 for you, and $10 for me, if you sign up and deposit $100NZD. Sharesies: https://sharesies.com/r/RRPR6X. $10 for you, and $10 for me, if you sign up for the first time with them. Easy Crypto: easycrypto.com/nz?ref=19599. One of NZ's most trusted places to buy/sell your digital assets. Share this Spotify link with your friends: https://open.spotify.com/show/0MA6EGur387YT1ENKIffMx?si=b1C28fV7TmWib8qXnZLDoA _________________________________________________________ So what's next for you? Well, you may want to consider the following... 1 - Write a review on https://www.facebook.com/TheNZEverydayInvestor/ (Facebook), or your favorite podcast player 2 - https://www.surveymonkey.com/r/CZ3LM5N (Ask me anything, suggest a topic!) 3 - To catch the live episodes, please ensure https://ungaro.co.nz/nzeverydayinvestor/ (you have subscribed to us on Youtube): 4- https://ungaro.co.nz/nzeverydayinvestor/ (Sign up to our newsletter here) Please ensure that you act independently from any of the content provided in these episodes - it should not be considered personalised financial advice for you. This means, you should either do your own research, taking on board a broad range of opinions, or ideally, consult and engage a financial adviser to provide guidance around your specific goals and objectives. If you would like to enquire around working with Darcy (financial adviser), you can schedule in a free 15 min conversation just https://calendly.com/ungaro/15min (click on this link)
Each week the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's top tips to reduce your food bill. Hosted by Frances Cook. Food is one of those core expenses that soaks up a lot of our money, but that we can feel powerless over. Now you do have to pay something for food, obviously, but there are ways to reduce both your cost, and your effort. You don't want to be only eating beans and rice, and you certainly don't want to be spending hours in the kitchen just to save 10 cents. But you can make progress without doing either of those things. Tom Hartmann, personal finance expert from Sorted, came on the latest Cooking the Books podcast. We discussed how much wriggle room you have to bring down the food budget, how to stock up without sabotaging yourself, and how to use technology to your advantage. If you have a question you'd like answered in a future podcast, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/ Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook See omnystudio.com/listener for privacy information.
The Republicans know how to play the game and are doing a better job at it. What are the Dems going to do? Nick and Russ have a quick discussion on the issues at hand this week. So enjoy.
This week on Lunch Money, Erin Moriarty (Sharesies' Head Finance) hosts a Money Week Special with no less than three special guests. Joining Erin is Tom Hartmann the managing editor at sorted.org.nz, Sam Stubbs, the co-founder and managing director of Simplicity, a non profit fund manager and Kiwisaver provider and last but not least Sonya Williams, a Sharesies co-founder and CEO. In the discussion they talk about the impact of Covid-19 on how Kiwis view money and investing, financial wellbeing and they demystify key money topics. If you have any questions, email us at any time at help@sharesies.co.nz. If there are any companies, fund managers, or other special guests you'd like to see on Lunch Money going forward, flick us an email at events@sharesies.co.nz to let us know! For more market news, subscribe to our Lunch Money market updates—bite-sized emails on the New Zealand, Australian, and US share markets and the wider economy, written by Sharesies' Lead Dealer, Sophie Goodwin: https://www.sharesies.nz/lunch-money
Nick and Russ, test again going Live on TikTok. The topics of discussion are Texas, Trump, Olympics, Florida Condo Collapse, Don Jr. Ohio Rally, Trump's CFO Allen Weisselberg being arrested. Also Russ presents to Nick the name of Nick and Russ Don't Know Anything Listener's fan club.
Follow the NZ Everyday Investor on Clubhouse by clicking on this link.Financially speaking , are kids an asset or a liability?If you're a parent, you're the primary teachers of money-management for your kids, and they’re watching everything you do – so what are we modelling to them and how do we talk about money in the household – are we doing it in ways that are encouraging them to focus on problem solving, or simply focusing on the problems alone? “We can’t afford it” versus “How can we afford it?” The first statement shuts down creativity and rules out possibilities. The second question forces us to focus on solutions.One of the biggest problems we’re all trying to solve by investing, is to ensure that we have enough for our retirement. Beyond that if we have children, how can we give them a fair chance at succeeding financially?As an example, we could look at house prices with despair thinking they’ll never get there, but we often forget the new world we’re heading into isn’t guaranteed to be all bad.How are the kids ever going to afford their own home? This frustrating question gets us to focus on something that’s not exactly helpful – a problem that we haven’t been able to solve yet. Increasingly, we’re even seeing this question get politicised – property investors are the problem, rather than housing supply – really?! Let’s say housing continues to march upwards though: Today, 20% of the purchase price would be $200k., assuming an average starter home may cost $1m in a main city area. At a 7% growth rate, over 20 years, 20% deposit would turn into $800k! (20% of $8m). This sounds ridiculous, but remember, this was the same issue 20 years ago when the average price was $250k (and a 20% deposit was only $50k). What’s changed in the last 20 years? Interest rates are a fraction of what they were, prices for some items have decreased, and incomes have increased [slightly]. What’s going to change in the next 20 years? 1- interest rates may not be able to increase significantly from here, 2- what we use as currency will change (non-fungible tokens, tokenised assets, other crypto-assets), and here’s the controversial conjecture, 3 - incomes may increase at a faster pace than what we've seen for a while. The point is, the future is going to be qualitatively different to the present, so speaking negativity around a ‘housing crisis’ is at the very least a waste of time, and worse, it’s a distraction from what we should really be focusing on – specifically, helping our kids discover a better way. Growing wealth can be hard, don’t get me wrong, but that doesn’t mean your kids can’t have a good crack at it. Teach them how to work [hard and smart], teach them how to manage money, then allow them to creatively solve problems – you may just succeed in in turning a potential liability in your future, to an asset.So today, the genesis of intergenerational wealth – teaching your kids about money. As with everything our kids will face going forward, they will likely start out in the physical, and eventually end up in the digital realm._______________________________________________________________The NZ Everyday Investor is brought to you in partnership with Hatch. Hatch, let's you become a shareholder in the world's biggest companies and funds. We're talking about Apple and Zoom, Vanguard and Blackrock.So, if you're listening in right now and have thought about investing in the US share markets, well, Hatch has given us a special offer just for you... they'll give you a $20 NZD top-up when you make an initial deposit into your Hatch account of $100NZD or more. Just go to https://hatch.as/NZEverydayInvestor to grab your top up. __________________________________________________________________The NZ Everyday Investor would also like to acknowledge the support of kōura.Most people fixate on just fees or historical returns when trying to choose a KiwiSaver fund. But professionals know there’s the third, arguably more essential component to consider - asset allocation. kōura's digital advice tools will build you a KiwiSaver portfolio that has the perfect asset allocation just for you. Of course you could also just choose your own KiwiSaver portfolio with them too. Give them a try and see what your ideal KiwiSaver asset allocation looks like for you.__________________________________________________________________Like what you’ve heard?You can really help with the success of the NZ Everyday Investor by doing the following:1- Follow the NZ Everyday Investor on Clubhouse by clicking on this link.2- Write a review on Facebook, or your favourite podcast player3- Help support the mission of our show on Patreon by contributing here4- To catch the live episodes, please ensure you have subscribed to us on Youtube: 5- Sign up to our newsletter here6-Tell your friends!NZ Everyday Investor is on a mission to increase financial literacy and make investing more accessible for the everyday person!Please ensure that you act independently from any of the content provided in these episodes - it should not be considered personalised financial advice for you. This means, you should either do your own research taking on board a broad range of opinions, or ideally, consult and engage a financial adviser to provide guidance around your specific goals and objectives.If you would like to enquire around working with Darcy (financial adviser), you can schedule in a free 15 min conversation just click on this link_____________________________________________________________________________
Each week the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's how to take control of your credit score. Hosted by Frances Cook. Credit scores are important, but it can be hard to figure out how important they are in our part of the world. A lot of personal finance advice comes from the United States, where their credit system is entirely different. Trying to copy that here could see you spending a lot on credit card fees, with no reward. So for the latest Cooking the Books podcast I talked to Tom Hartmann from Sorted, about how to understand our system. We discussed what a credit score is used for, how you can check yours and whether you really need a credit card in order to have a good score.If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/ Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook
Join us is our show milestone for EPISODE 50...Nick and Russ discuss either the greatest victory or worst defeat...or even both in political history. They may be joined by special guests. Come celebrate or cry with us.With a special intro that looks back and a few of the past 49 episodes, along with special guests Sarah Von Bahrenborg of Blackbird: An Advocacy Podcast, Tom Hartmann of PodJerky, Jonathan Gno White of The GNO Show, John Christopher Svedese of Podcast to Vodcast, Stephen Joseph Reedberry Retired Army Col, and music sentation Debra Devi, enjoy a great group discussion on the past election day and things to look forward to.
Tom Hartmann is the GKA tour manager. Support the show: https://ko-fi.com/kitesurf365 Follow me: http://www.kitesurf365.com https://www.instagram.com/kitesurf365/ In association with: TheKiteMag, bringing you the very best in kiteboarding. Become a subscriber today and get 15% off by using the code “KITESURF365” at checkout. https://www.thekitemag.com/
Episode 13: Ever wonder what happens to people when they face a life-threatening decision? Is all sunshine and rainbows once they decide to make a change? What obstacles did they face? Well, Tom Hartmann explains how a trip to the ICU shocked him into a new life he wasn't ready for. This interview will have you worried, crying, smiling, and cheering. Not only do we hear about Tom's story, but he let's us into his family world of battles that took place over the past 18 months. Find out how it all ends now.Listen to Tom on PodJerky: https://linktr.ee/PodJerky Follow us for behind-the-scenes updates & keep the conversation going: Twitter / Instagram / FacebookClick Here to sign up for our email list for hot deals and exclusive info!Inspired to start your own podcast? Click Here to get "How to Start a Podcast on a Budget with NO EXPERIENCE!"Bring your podcast to BuzzSprout using our link >>Here
Tom Hartmann, Niklas Wiem und Thiago Lessow von den Junior Devils in ihrer ersten HuddleTime. Sie erzählen über ihre Vergangenheit insbesondere warum sie American Football spielen und warum sie zu den Hamburg Blue Devils gekommen sind. Die drei O-LIner sprechen aber auch über ihre Zukunft in der Herrenmannschaft und ihre Ziele durchaus mit den Devils in der GFL spielen zu wollen.
In a funny turn of events I was set up to be interviewed on Tom's show PodJerky podcast but we wound up interviewing each other and decided to release as a conversation for both our shows. excellent man with a great vision for the future of his programs. you will enjoy this conversation, I did. Publicist: SJ Promotions Contact: Steven Joiner Cell: (816) 605-4561 Email: Stevesjnetwork@gmail.com ------------------------------------------------------------------------------------------------------------------- Contact us: Email: realmofthemistentertainment@gmail.com Phone: (267) 490-3166 YouTube Edits: Chris Stolle using Hitfilm Software All content copyrighted under Realm of the Mist Entertainment, All Rights Reserved. Help is there: National Suicide Pervention Hotline: 1-800-273-8255 ------------------------------------------------------------------------------------------------------------------- Please Support Us: https://anchor.fm/rotm-ent/support Support us here: https://www.subscribestar.com/realm-of-the-mist-entertainment And on Patreon: https://www.patreon.com/Realmofthemist Music: https://www.bensound.com ------------------------------------------------------------------------------------------------------------------- IHeartRadio: https://www.iheart.com/podcast/269-new-realm-of-the-mist-ente-65034600/ Pandora: http://pandora.app.link/Z4uEsRezm3 https://www.iheart.com/podcast/269-new-realm-of-the-mist-ente-65034600/ Anchor.fm: https://anchor.fm/rotm-ent Google Podcast: https://www.google.com/podcasts?feed=aHR0cHM6Ly9hbmNob3IuZm0vcy85Njg3NjY4L3BvZGNhc3QvcnNz Spotify: https://open.spotify.com/show/1tcvwQIHT0xD60glRXdfUa Breaker: https://www.breaker.audio/realm-of-the-mist-entertainment Pocketcast: https://pca.st/6WaV Radiopublic: https://radiopublic.com/realm-of-the-mist-entertainment-WDJbVl Realm of the Mist Youtube: https://www.youtube.com/realmofthemistentvape Just Another Stream Gaming YouTube Channel: https://www.youtube.com/channel/UC0yrlmq0iU9pmo46yBpA73A Realm of the Mist Webite: https://realmofthemist.com/ROTM Follow Realm of the mist on Twitter: @RealmMistent --- Support this podcast: https://anchor.fm/rotm-ent/support
This week on Smart Money we were joined by Tom Hartmann from Sorted.org.nz LISTEN ABOVE
This week on Smart Money we were joined by Tom Hartmann from Sorted.org.nz LISTEN ABOVE
Each week the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's top tips to reduce your food bill. Hosted by Frances Cook.Food is one of those core expenses that soaks up a lot of our money, but that we can feel powerless over. Now you do have to pay something for food, obviously, but there are ways to reduce both your cost, and your effort. You don’t want to be only eating beans and rice, and you certainly don’t want to be spending hours in the kitchen just to save 10 cents. But you can make progress without doing either of those things.Tom Hartmann, personal finance expert from Sorted, came on the latest Cooking the Books podcast. We discussed how much wriggle room you have to bring down the food budget, how to stock up without sabotaging yourself, and how to use technology to your advantage.If you have a question you'd like answered in a future podcast, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/ Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook
Each week the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's top tips to reduce your food bill. Hosted by Frances Cook.Food is one of those core expenses that soaks up a lot of our money, but that we can feel powerless over. Now you do have to pay something for food, obviously, but there are ways to reduce both your cost, and your effort. You don’t want to be only eating beans and rice, and you certainly don’t want to be spending hours in the kitchen just to save 10 cents. But you can make progress without doing either of those things.Tom Hartmann, personal finance expert from Sorted, came on the latest Cooking the Books podcast. We discussed how much wriggle room you have to bring down the food budget, how to stock up without sabotaging yourself, and how to use technology to your advantage.If you have a question you'd like answered in a future podcast, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/ Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook
In this episode of Nick and Russ: Don't Know Anything! We have special guest all the way from Canada, Tom Hartmann, from the podcast PodJerky. We discuss things specific to Canada, like Ketchup Chip, Winter, and Robin Thicke. We also dive into Universal Healthcare, Racism, and COVID. Join us, as we get to know our neighbor from the north.#realnickandruss#podjerky#tomhartmannPodJerky InfoWebsitehttps://podjerky.wixsite.com/podjerkyPodcast Linkhttps://podjerky.podbean.com/Facebook Linkhttps://www.facebook.com/pod.jerky.1Twitter, Instagram@podjerky
If you enjoyed our the Tom Hartmann & Canada episode, here is a little more for your pleasure. We call this After The Show. Enjoy.#realnickandruss#podjerky#tomhartmannPodJerky InfoWebsitehttps://podjerky.wixsite.com/podjerkyPodcast Linkhttps://podjerky.podbean.com/Facebook Linkhttps://www.facebook.com/pod.jerky.1Twitter, Instagram@podjerky
This week on Smart Money we were joined by resident blogger at sorted.org.nz Tom Hartmann.LISTEN ABOVE
This week on Smart Money we were joined by resident blogger at sorted.org.nz Tom Hartmann.LISTEN ABOVE
If we knew, that just like with the great depression, there was to be far more pain to come in equity markets, then I'm pretty sure you'd hear a lot of the experts saying you should get out right? Perhaps, perhaps not - the point though at the time of recording, is that it seems like the market has corrected, and it's more or less back on track. Is it plain sailing from here or is it going to get far, far worse.In today's episode, were going to talk about what we all 'should' do when we see market volatility. I wanted to share some 5 quick facts about KiwiSaver in addition to today's recording: 1- Just because KiwiSaver came out of a government initiative, doesn’t mean the government will guarantee the performance of your fund, or it’s safety. The strength of your funds performance comes down to who’s managing it not the government. Could the government confiscate your money? Nope – not under current legislation, and if that happened, I’d suggest they’d be coming for your property too at that stage – heck, we’d all have much bigger concerns then2 - It’s really hard to get your money out of KiwiSaver if you’re going through a tough time I’ve observed. I mention that as I know some of you may be struggling right now. I’ve put out a whole episode on ‘financial prepping’ on episode 91 - that you may want to listen to if that’s you. If you’ve lost your job, you’ve already taken a mortgage holiday, you’ve used up your savings and you’re living day to day with no prospects, then yes, they may approve a hardship withdrawal application (not your KiwiSaver provider but the funds supervisor), but don’t count on it as your first line of defence.3 - The KiwiSaver fund managers ‘style’, is really important – I’m talking about passive vs active management style – something we’ve covered a few times with Sam Stubbs, from Simplicity, and Mike Taylor, from PIE funds and JunoIf you’re with an active fund manager, some questions to ask of them would be this: How are the funds invested? How many changes are made to your investment mix between cash/fixed interest, property and shares? How does that fund manager actually arrive at the decisions that it makes? How have they reacted to the market movements we’ve seen in the last 12 months– have they simply tracked an index, or have they successfully allocated to cash at key times, then reinvested later on? I think during these times of volatility it really puts the acid test on these active managers – not only should they be outperforming the index when times are good, but presumably they’ll be limiting losses on the way down – so if you’ve been in the camp of individuals who have changed fund types in the last few months. An active manager should give you an extra level of confidence that you don’t have to do this – in theory they’re doing some of it for you.4 - Your fund manager cannot steal your money! This is mostly understood by you I suspect, but if you’re like me, you may like a bit more details on how they can’t steal your funds. So enter the custodian, let’s say it’s the Public Trust as an example. They ultimately holds your funds. The fund manager makes the decisions on where the funds get invested, but ultimately the money is held on your behalf by a custodian. So let’s say you have an absolute shocker and you choose a fund manager who goes bust – don’t worry, because your money isn’t actually sitting with them – it’s held on your behalf with the custodian, and it would simply be transferred over to another fund manager of your choice. 5 - It’s important you consider not just your fund type (ie conservative balanced or growth), but its essential to consider carefully the fund manager. Are you with a scheme which is simply an additional revenue source for a larger organisation, or are they devoted exclusively to funds management? Are the individuals who make the financial decisions on your behalf putting any of their reputation or even their business on the line – are they employees who don’t have skin in the game apart from their career progression? Are the funds invested across just Australasia or across the world? Are they socially responsible? Since KiwiSaver was set up and default providers were appointed, there’s far more choice now today around who you can appoint as your fund manager – like any choice you have though, it’s redundant unless you’re willing to exercise it every so often. I’ve had a few KiwiSaver providers on the podcast already: Koura Wealth, Booster, Juno, Craigs, and Simplicity – I don’t want to suggest these are the best, and in fact, part of the reason I’ve had them on was simply to learn more about them anyway. You should do the same (not host a podcast necessarily), but try to understand the wee nuances of what makes them special – in the process you’ll likely get far more engaged with investing so hey, it’s not a waste of time. Also, definitely chat to an authorised financial adviser too if you want some guidance around how KiwiSaver can form part of your overall financial plan_____________________________________Like what you’ve heard?You can really help with the success of the NZ Everyday Investor by doing the following:1- Tell your friends!2- Write a review on Facebook, or your favourite podcast player3- Help support the mission of our show on Patreon by contributing here4- To catch the live episodes, please ensure you have subscribed to us on Youtube: 5- Sign up to our newsletter hereNZ Everyday Investor is on a mission to increase financial literacy and make investing more accessible for the everyday person!Please ensure that you act independently from any of the content provided in these episodes - it should not be considered personalised financial advice for you. This means, you should either do your own research taking on board a broad range of opinions, or ideally, consult and engage an authorised financial adviser to provide guidance around your specific goals and objectives.__________________________________________________________________Where to find Darcy Ungaro:Ungaro &Co (authorised) financial advisersWant to chat, then you can schedule in a free 15 min conversation just click on this linkYou really should subscribe to our newsletter to ensure you are receiving the latest updates if you're a fan of the show.FacebookInstagram
Each week the NZ Herald and Newstalk ZB's Cooking the Books podcast tackles a different money problem. Today, it's a bonus episode on how to stay calm, and access independent financial advice. Hosted by Frances Cook.Keep calm and carry on is all very well until you hit the sort of crisis we’re in right now. It’s a perfectly normal response to panic when you see your retirement savings losing thousands of dollars, or when you realise you could lose your job. Full disclosure I’ve also watched my KiwiSaver plunge over the last few weeks. On paper I’ve lost thousands, and I didn’t have all that much to begin with. But you can protect yourself from the panic with a few strategies, then make better decisions with a clear head.For the latest podcast, I talked to Tom Hartmann from Sorted. We discussed why knowledge is power, what to make of your KiwiSaver jumping around, and good places to get calm, independent advice. If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/ Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook
Each week the NZ Herald and Newstalk ZB's Cooking the Books podcast tackles a different money problem. Today, it's a bonus episode on how to stay calm, and access independent financial advice. Hosted by Frances Cook.Keep calm and carry on is all very well until you hit the sort of crisis we’re in right now. It’s a perfectly normal response to panic when you see your retirement savings losing thousands of dollars, or when you realise you could lose your job. Full disclosure I’ve also watched my KiwiSaver plunge over the last few weeks. On paper I’ve lost thousands, and I didn’t have all that much to begin with. But you can protect yourself from the panic with a few strategies, then make better decisions with a clear head.For the latest podcast, I talked to Tom Hartmann from Sorted. We discussed why knowledge is power, what to make of your KiwiSaver jumping around, and good places to get calm, independent advice. If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/ Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook
LISTEN ABOVE
LISTEN ABOVE
LISTEN ABOVE
LISTEN ABOVE
Often the 'middle' get over-looked when thinking about who needs financial advice. Sure, many 'middle class' people are in good shape relative to those drowning in short term debt and spiraling out of control - but often this group of people have aspirations to do more, but struggle to get their act together. There could be many reasons for this, but perhaps they simply have not gone through financial puberty yet.Having a good income does not equate to having wealth - in fact, it's odd but often those with good income 'leak', and fall behind right when it's critical to leap ahead.Tom Hartmann joins me again in the studio to pick up the conversation we started last week.If you find yourself financially left behind, have a think about one thing that you could do to turn your ship around. Often a series of not-so-awesome decisions put you into your current position. What could get you out of it could simply be a series of better decisions - there is hope. Perhaps for you simply doing a budget is all you need to do. If so, check out this budgeting tool from Sorted.Perhaps you've left investing a little too late and assumed that it was something that only really wealthy or smart people do. The wealthy bit will take some time to grow, but perhaps you do need to increase your smarts a little (if you're reading this I think you're doing well already though!).The great news is no matter where you are, you can make some good decisions today...you can learn something more today...and maybe even start to take action today too. Hope you've enjoyed this episode.What do you think of these shorter episodes? Let me know. If you like them longer, don't worry, next week will be longer I promise!Like what you’ve heard?You can really help with the success of the NZ Everyday Investor by doing the following:1- Tell your friends!2- Write a review on Facebook, or your favourite podcast player3- Help support the mission of our show on Patreon by contributing here4- Search for The Everyday Investor on YouTube5- Sign up to our newsletter hereNZ Everyday Investor is on a mission to increase financial literacy and make investing more accessible for the everyday person!__________________________________________________________________Where to find Darcy Ungaro:Ungaro &Co (registered) financial advisersFacebook: https://www.facebook.com/UFinServ/?ref=bookmarksInstagram: https://www.instagram.com/ungaro.co.nz/
It's easy to assume those who are wealthy are 'lucky'. Lucky enough to have great parents, go to a good school, get a good education then a good job. In reality, true financial capability comes from keeping your eye on the prize - forgetting the past and driving clear on into the future.Tom Hartmann, managing editor at the CFFC (Cat Frog Frog Cat, or more accurately, the Commission For Financial Capability), is joining me to discuss.Currently, retired people cost NZ $38m per day - that figure will double before we know it. NZ is not a huge country, but we have a rat moving down the throat of a snake when it comes to the seismic demographic change to come. We have, or will have, a superannuation crisis. You can disagree over this, but for many, government super is a not a huge amount to get = $21,380 pa - that's only 43% of the average income in NZ. Already, we are seeing retired people live in poverty, and this is going to get worse. This 'not enough' amount we'll get in retirement could already be unsustainable for our government in the future too. What do we do when the cost of providing this exceeds the benefit it was designed to provide?The CFFC is actively involved in helping Kiwi's build financial capability, and their work via the Sorted website testifies to this. It started out as a free and unbiased resource but now, it's evolving into something that is a force for change. Initiatives like 'Sorted in Schools' and 'Sorted at Work' are two examples of how they are pivoting with targeted initiatives designed to create change pro-actively - this is awesome to see.So, the problem? As a country, and as individuals, we all have to deal with a retirement crisis that will arrive at some point in the not too distant future. Let's talk about it for what it is - a huge problem.The current solution? Education is one of the solutions and the more that's out there the better. Much of the free content out there however, and no one is innocent here including myself, often acts like more of a 'sales funnel'. Great information, but designed to sell a providers solution or even a certain set of ideologies. The only true un-biased content is often built for the general audience only and may not in fact, be fit for purpose for the reader. Financial advisers are a great resource, but often it's only accessible to a very small portion of society.The best solution? I don't think I've seen it yet to be honest, but the CFFC and Sorted as a resource in particular, is moving in the right direction. No matter where you are at your wealth-building journey, there's a huge amount of content you should check out there.The best solution to address our retirement crisis is not currently apparent to me though. Information is not enough, unless it leads to a change in behavior. I suspect that not until we see a closer working relationship between private sector initiatives with public sector governance, will we see a solution that's effective for the majority of Kiwi's - the important thing here is that we're moving in the right direction though.Tom is with me for two episodes so hang in there, because next week we're covering even more ground.Like what you’ve heard?You can really help with the success of the NZ Everyday Investor by doing the following:1- Tell your friends!2- Write a review on Facebook, or your favourite podcast player3- Help support the mission of our show on Patreon by contributing here4- Search for The Everyday Investor on YouTube5- Sign up to our newsletter hereNZ Everyday Investor is on a mission to increase financial literacy and make investing more accessible for the everyday person!__________________________________________________________________Where to find Darcy Ungaro:Ungaro &Co (registered) financial advisersFacebook: https://www.facebook.com/UFinServ/?ref=bookmarksInstagram: https://www.instagram.com/ungaro.co.nz/
Each week the NZ Herald and Newstalk ZB's Cooking the Books podcast tackles a different money problem. Today, it's why more New Zealanders are picking family time over presents. Hosted by Frances Cook.It's the most wonderful time of the year, or maybe the most stressful. Christmas is traditionally a time of big spending, but new research shows New Zealanders are getting sick of that. The Commission for Financial Capability has released research that shows what most of us really look forward to at this time of year. For 62 per cent of us, it's time with family. That's closely followed by enjoying the summer weather at 37 per cent, and time off work at 33 per cent. What we're enjoying least is the commercialism of the season, which annoys 36 per cent of us. It's closely followed by 35 per cent of us saying it's too expensive, and 34 per cent dreading the shopping. The worst part is that all of this stress may be for nothing, as one in four of us got at least one unwanted gift last year. For those of us who did, 42 per cent of us have it still sitting in a cupboard, unused. Honestly, this just seems like a lot of silly social pressure to do something that less and less of us are interested in, when we could be enjoying the much more fun parts of Christmas. So, how can we do it better? For the latest Cooking the Books I talked to Tom Hartmann, from the Commission for Financial Capability. We discussed why people are moving away from an overload of presents, what to do about Christmas debt, and how to keep the magic of Christmas while staying on a budget.If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/' Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook
Each week the NZ Herald and Newstalk ZB's Cooking the Books podcast tackles a different money problem. Today, it's why more New Zealanders are picking family time over presents. Hosted by Frances Cook.It's the most wonderful time of the year, or maybe the most stressful. Christmas is traditionally a time of big spending, but new research shows New Zealanders are getting sick of that. The Commission for Financial Capability has released research that shows what most of us really look forward to at this time of year. For 62 per cent of us, it's time with family. That's closely followed by enjoying the summer weather at 37 per cent, and time off work at 33 per cent. What we're enjoying least is the commercialism of the season, which annoys 36 per cent of us. It's closely followed by 35 per cent of us saying it's too expensive, and 34 per cent dreading the shopping. The worst part is that all of this stress may be for nothing, as one in four of us got at least one unwanted gift last year. For those of us who did, 42 per cent of us have it still sitting in a cupboard, unused. Honestly, this just seems like a lot of silly social pressure to do something that less and less of us are interested in, when we could be enjoying the much more fun parts of Christmas. So, how can we do it better? For the latest Cooking the Books I talked to Tom Hartmann, from the Commission for Financial Capability. We discussed why people are moving away from an overload of presents, what to do about Christmas debt, and how to keep the magic of Christmas while staying on a budget.If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/' Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook
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LISTEN ABOVE
The Problem:Without dealing with the 'crap' properly, all the admin and complexity associated with being self-employed, independent earners can often be excluded from actually building wealth.Just like the invention of the toilet propelled the human race towards bigger and better things, independent earners also need help to deal with their crap if they're going to have a chance to build wealth like their employed counterparts.Hatch and Hnry joined forces recently, along with Tom Hartmann from the Commission For Financial Capability to bring today's episode into your ears. I was involved in hosting a panel discussion exploring some of the problems and some of the solutions now available to those problems:KiwiSaver: An example.If you were an employee aged 30 yrs old on $75k pa, with a $30k balance today, invested in a high growth fund you may end up with $1m at retirement. Almost enough for a Lamborghini right?If you were self-employed as above, but contributing 3% on your own with no employer contributions, you'd be about $240k worse off at retirement.The current system, which is doing great don't get me wrong, was designed for employees - and with the growing number of contractors working in NZ, there's a growing problem begging for a better solution.The Solution?The above is actually the best-case scenario as it assumes the self-employed person has KiwiSaver but, in reality, many self-employed people are stuck in a cycle of doing boring admin and can't consistently allocate enough to invest regularly. There stuck dealing with crap, which could one day rob them of their Lambo (or worldwide cruise?) Hnry can assist by allocating a % of each payment towards investments (like KiwiSaver or Hatch). What a great example of NZ innovation coming to the rescue!_________________________________________________________________Like what you've heard?You can really help with the success of the NZ Everyday Investor by doing the following:1- Tell your friends!2- Write a review on Facebook, or your favourite podcast player3- Help support the mission of our show on Patreon by contributing here4- Search for The Everyday Investor on YouTube5- Sign up to our newsletter hereNZ Everyday Investor is on a mission to increase financial literacy and make investing more accessible for the everyday person! __________________________________________________________________Where to find Darcy Ungaro:Ungaro &Co (registered) financial advisers https://www.ungaro.co.nzFacebook: https://www.facebook.com/UFinServ/?ref=bookmarksInstagram: https://www.instagram.com/ungaro.co.nz/
Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's how just talking about money could change things. Hosted by Frances Cook.If you would rather talk about literally anything other than money, you're not alone. It turns out, New Zealanders would rather talk about alcohol, politics, or drugs, than what they're doing with their KiwiSaver or if they have a savings account. Now this might be understandable with co-workers or people we're only loosely friends with. But shockingly, many of us aren't even talking to our significant other about what we're doing with money. According to a survey from the Commission for Financial Capability, 58 per cent of us don't talk to our partner about how much we earn. We're even quieter when it comes to retirement planning. Even for those aged 55 to 64, only 52 per cent of us have talked to our partner about what the plan is for our golden years. There can be good reasons for keeping quiet, but these numbers are seriously high. It links in with another stat – 69 per cent of New Zealanders are worried about money. And honestly, anything we're not talking about is something we're anxious about. Just talking about it can be the key to getting it under control. For the latest Cooking the Books podcast I talked to Tom Hartmann from the Commission for Financial Capability. We discussed why so many of us are stressed about money, and why talking about it can help. If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/ Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook
Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's how just talking about money could change things. Hosted by Frances Cook.If you would rather talk about literally anything other than money, you're not alone. It turns out, New Zealanders would rather talk about alcohol, politics, or drugs, than what they're doing with their KiwiSaver or if they have a savings account. Now this might be understandable with co-workers or people we're only loosely friends with. But shockingly, many of us aren't even talking to our significant other about what we're doing with money. According to a survey from the Commission for Financial Capability, 58 per cent of us don't talk to our partner about how much we earn. We're even quieter when it comes to retirement planning. Even for those aged 55 to 64, only 52 per cent of us have talked to our partner about what the plan is for our golden years. There can be good reasons for keeping quiet, but these numbers are seriously high. It links in with another stat – 69 per cent of New Zealanders are worried about money. And honestly, anything we're not talking about is something we're anxious about. Just talking about it can be the key to getting it under control. For the latest Cooking the Books podcast I talked to Tom Hartmann from the Commission for Financial Capability. We discussed why so many of us are stressed about money, and why talking about it can help. If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/ Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook
This week on Smart Money we were joined by resident blogger at sorted.org.nz Tom Hartmann. LISTEN TO THE FULL DISCUSSION WITH THE WEEKEND COLLECTIVE ABOVE
This week on Smart Money we were joined by resident blogger at sorted.org.nz Tom Hartmann. LISTEN TO THE FULL DISCUSSION WITH THE WEEKEND COLLECTIVE ABOVE
This week on Smart Money we were joined by resident blogger at sorted.org.nz Tom Hartmann. LISTEN TO THE FULL DISCUSSION WITH THE WEEKEND COLLECTIVE ABOVE
This week on Smart Money we were joined by Tom Hartmann from sorted.org.nz. We dive into the issue of health insurance. With the DHB's totally booked up and constant pressure on the public sector is it time we started seriously looking at Health Insurance as an option?LISTEN TO THE FULL DISCUSSION WITH THE WEEKEND COLLECTIVE ABOVE
This week on Smart Money we were joined by Tom Hartmann from sorted.org.nz. We dive into the issue of health insurance. With the DHB's totally booked up and constant pressure on the public sector is it time we started seriously looking at Health Insurance as an option?LISTEN TO THE FULL DISCUSSION WITH THE WEEKEND COLLECTIVE ABOVE
This week on Smart Money we were joined by Tom Hartmann from sorted.org.nz. We dive into the issue of health insurance. With the DHB's totally booked up and constant pressure on the public sector is it time we started seriously looking at Health Insurance as an option?LISTEN TO THE FULL DISCUSSION WITH THE WEEKEND COLLECTIVE ABOVE
July 26, 2019 - Tom Hartmann, Hartmann's Greenhouse
This week on Smart Money we were joined by financial expert Tom Hartmann from Sorted.org.nzWe look into the world of KiwiSaver and nut out why so many Kiwi's are in the wrong scheme? Also, should you be able to cheque out your sick leave? We put the question to our expert. LISTEN TO THE FULL DISCUSSION WITH THE WEEKEND COLLECTIVE ABOVE
This week on Smart Money we were joined by financial expert Tom Hartmann from Sorted.org.nzWe look into the world of KiwiSaver and nut out why so many Kiwi's are in the wrong scheme? Also, should you be able to cheque out your sick leave? We put the question to our expert. LISTEN TO THE FULL DISCUSSION WITH THE WEEKEND COLLECTIVE ABOVE
This week on Smart Money we were joined by financial expert Tom Hartmann from Sorted.org.nzWe look into the world of KiwiSaver and nut out why so many Kiwi's are in the wrong scheme? Also, should you be able to cheque out your sick leave? We put the question to our expert. LISTEN TO THE FULL DISCUSSION WITH THE WEEKEND COLLECTIVE ABOVE
May 10, 2019 - Tom Hartmann, Hartmann's Town and Country Green House
Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's how to handle the changes to KiwiSaver, and what else might be waiting in the wings. Hosted by Frances Cook.It’s the time of year when law changes come into force, so you might have seen articles about the minimum wage changing, or tax rates. All of that is very important, but what’s gone under the radar is some changes to your KiwiSaver, that are actually big news. You now have more control over how much you put in, the rules for those over 60 have totally changed, and if you want to stop paying into KiwiSaver, you’ll have to jump through more hoops. These are pretty significant changes, but making the most of them so you get the most money in your back pocket, will depend on your personal situation. There’s also the possibility of more changes in the future. For the latest Cooking the Books podcast I talked to Sorted's Tom Hartmann about how each of us can take advantage of the new situation, and what changes are likely to come in the future. For the interview, listen to the podcast.If you have a question about this podcast, or an idea for the next one, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/ Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook
Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's how the digital age is changing how we handle our money. Hosted by Frances Cook.The best thing about the digital era is how much information is at our fingertips.The worst thing about the digital era is there’s so much information, it can be hard to know where to start, and even harder to wade through it all.Well the personal finance world is starting to tackle this issue through digital innovations, and even augmented reality, machine learning, and artificial intelligence.Whether it’s answering your questions as if you were talking to a person, or helping you sift through the hundreds of options for your retirement fund, lines of code are having a massive impact on the ways we invest and learn about money.To fit in a lot on a big topic, today's Cooking the Books podcast interviews two people on the different approaches that can be taken. First up is Sorted's Tom Hartmann on the new Smart Investor tool, and how digital innovation helps us sort through piles of information in an easy way, and get updates in real time. Next is Shareclarity's Daniel Kieser, on their innovation to help investors get information wherever they want it, through augmented reality. For the interviews, listen to the podcast. If you have a question about this podcast, or an idea for the next one, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/, Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook
Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's why you shouldn't be sucked in by budgeting's image problem. Hosted by Frances Cook.Budgeting has an image problem. Also, the sky is blue, the grass is green, and cats rule the internet. We all know budgeting sounds a bit boring, and for many people, it’s easy to ignore for that reason. But while people tend to get excited about buying a house, or investing in shares, creating a budget you can stick to is much more important. Anyone can run out of money if they don’t know how to run a budget. Why else do you think rappers or actors can end up in court, flat broke. You can spend any amount of money if you treat it as an endless resource. But budgeting doesn’t have to be boring, and it doesn’t have to mean endless spreadsheets. In fact, it can even include flamethrowers. For the latest podcast I talked to Tom Hartmann, personal finance blogger for the Commission for Financial Capability.We discussed the importance of including treats in a budget, how to budget in a way that works for your personality, and the tricks that help keep you on track.If you have a question about this podcast, or an idea for the next one, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/ Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook
Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's why you shouldn't be sucked in by budgeting's image problem. Hosted by Frances Cook.Budgeting has an image problem. Also, the sky is blue, the grass is green, and cats rule the internet. We all know budgeting sounds a bit boring, and for many people, it’s easy to ignore for that reason. But while people tend to get excited about buying a house, or investing in shares, creating a budget you can stick to is much more important. Anyone can run out of money if they don’t know how to run a budget. Why else do you think rappers or actors can end up in court, flat broke. You can spend any amount of money if you treat it as an endless resource. But budgeting doesn’t have to be boring, and it doesn’t have to mean endless spreadsheets. In fact, it can even include flamethrowers. For the latest podcast I talked to Tom Hartmann, personal finance blogger for the Commission for Financial Capability.We discussed the importance of including treats in a budget, how to budget in a way that works for your personality, and the tricks that help keep you on track.If you have a question about this podcast, or an idea for the next one, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/ Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook
An article has come out firing that in order have a comfortable retirement you will need 10x your average income... We put the question to Resident blogger from Sorted.org.nz Tom Hartmann LISTEN TO THE FULL DISCUSSION WITH THE WEEKEND COLLECTIVE ABOVE
This week we were joined by resident blogger Tom Hartmann at sorted.org.nz It's what every online shopper has been dreading, the added GST onto their purchases - We debate whether or not this is just revenue gathering from the Government or a great move for local retailers? LISTEN TO THE FULL DISCUSSION WITH THE WEEKEND COLLECTIVE ABOVE
This week we were joined by resident blogger and financial expert Tom Hartmann from sorted.org.nz to talk all things finance - This week were stirred the pot with whether or not you should be planning ahead by getting a will? Is it worth it and what does it actually cover? LISTEN TO THE FULL DISCUSSION WITH THE WEEKEND COLLECTIVE ABOVE
This week we were joined by resident blogger and financial expert Tom Hartmann from sorted.org.nz to talk all things financeLISTEN TO THE FULL DISCUSSION WITH THE WEEKEND COLLECTIVE ABOVE
Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's both the financial and practical aspects to buying the best car for you. Hosted by Frances Cook.Buying a car has so many different parts to it, you can easily forgive people getting confused.First, you need to decide what kind of car you want. Little for commuting around a big city, bigger for ferrying kids around, maybe even bigger again so that you can fit tools in the back for your work.Then you need to make sure you're not buying a lemon. Most of us aren't mechanics, but we still have to figure out a way to check a slick salesman isn't pulling one over us.All of this before you even get to ways to pay for it.Let's be realistic, sometimes you genuinely need a car, and you don't have the cash to hand yet.Some of the options to fund it can leave you in a hole for years to come, so you have to proceed with care.The topic is so broad I couldn't even find one expert to cover all the different angles; so for the first time ever, we have two.On this week's Cooking the Books I first talked to AA Motoring Advisor Cade Wilson about rules of thumb for finding a good car, how to check safety ratings, and spotting a lying salesman.I then spoke to Tom Hartmann from the Commission for Financial Capability, about how much you should spend on a car, whether you should use debt and the best and worst finance options.For the interviews, listen to the podcast.If you have a question about this podcast or an idea for the next one, come and talk to me about it.I'm on Facebook https://www.facebook.com/FrancesCookJournalist/Instagram https://www.instagram.com/francescooknz/ Twitter https://twitter.com/FrancesCook
Each week the New Zealand Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's where to start if you're in debt. Hosted by Frances Cook.This episode is one of the most popular from 2017, and originally played on September 23. If you're in debt up to your neck, it's tempting to close your eyes and pretend it isn't happening. But just because that's a totally natural response, doesn't mean you can give in to it. The longer you ignore debt the worse it will get, and eventually, the people who loaned you the money aren't going to let you ignore it anymore. It's a horrible situation to be in, and yet, I understand how people get there. There's an entire industry dedicated to getting you to spend money you don't have. In the last six months we've even seen a new industry crop up, with four companies now offering buy now pay later, for when you're shopping online. The idea is that you see something you like, buy it, and then pay for it over several weeks. The thing is, if you can't afford that now, you may not be able to afford that when the payments come around either. And if you can't pay, you get stung with late payment charges of around $10. That might not sound like a big fee, but people use these part pay services for little purchases. So if you've spent $50, and get a fee of $10, that's 20%. That's an absolute rip off. But they're not the worst. Short term lenders, like pay day lenders, often charge more than 50 percent a year. Some will charge one percent per day. That's predatory. There's been a spike in complaints about short term lenders, particularly whether it's good enough that people are getting loans through online or text message applications. So now the Commerce Commission is investigating. All well and good, but what about if you've already got yourself into a sticky situation? Where do you start, and how do you stop yourself panicking? I gave the Commission for Financial Capability's personal finance editor Tom Hartmann a call. We talked about how to recognise when your debt is going bad, the different types of lenders, and the best strategy for getting out of debt. For the interview, listen to the podcast. If you have a question about this episode, or something you'd like me to cover in the future, come and talk to me about it. I'm on Facebook herehttps://www.facebook.com/FrancesCookJournalist/, and Twitter here https://twitter.com/FrancesCook. If you want to make sure you never miss an episode, subscribe to the podcast on the Apple podcasts app, or I Heart Radio.
Each week the New Zealand Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's where to start if you're in debt. Hosted by Frances Cook.This episode is one of the most popular from 2017, and originally played on September 23. If you're in debt up to your neck, it's tempting to close your eyes and pretend it isn't happening. But just because that's a totally natural response, doesn't mean you can give in to it. The longer you ignore debt the worse it will get, and eventually, the people who loaned you the money aren't going to let you ignore it anymore. It's a horrible situation to be in, and yet, I understand how people get there. There's an entire industry dedicated to getting you to spend money you don't have. In the last six months we've even seen a new industry crop up, with four companies now offering buy now pay later, for when you're shopping online. The idea is that you see something you like, buy it, and then pay for it over several weeks. The thing is, if you can't afford that now, you may not be able to afford that when the payments come around either. And if you can't pay, you get stung with late payment charges of around $10. That might not sound like a big fee, but people use these part pay services for little purchases. So if you've spent $50, and get a fee of $10, that's 20%. That's an absolute rip off. But they're not the worst. Short term lenders, like pay day lenders, often charge more than 50 percent a year. Some will charge one percent per day. That's predatory. There's been a spike in complaints about short term lenders, particularly whether it's good enough that people are getting loans through online or text message applications. So now the Commerce Commission is investigating. All well and good, but what about if you've already got yourself into a sticky situation? Where do you start, and how do you stop yourself panicking? I gave the Commission for Financial Capability's personal finance editor Tom Hartmann a call. We talked about how to recognise when your debt is going bad, the different types of lenders, and the best strategy for getting out of debt. For the interview, listen to the podcast. If you have a question about this episode, or something you'd like me to cover in the future, come and talk to me about it. I'm on Facebook herehttps://www.facebook.com/FrancesCookJournalist/, and Twitter here https://twitter.com/FrancesCook. If you want to make sure you never miss an episode, subscribe to the podcast on the Apple podcasts app, or I Heart Radio.
Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's why KiwiSaver default schemes are a horrible idea, and what to do about it. Hosted by Frances Cook.If your KiwiSaver is in a default scheme, you're throwing money away. You're going without, saving some money each pay day, and yet you could still be in hard times when you finally retire.Imagine that. You willingly stash money away each pay day, thinking you're doing the right thing, and then when retirement comes you still have to scrimp and save.When for the sake of a few clicks at your computer, you could have made the exact same savings, and had a cushy retirement.I'm not exaggerating, and that's why it’s extremely worrying that 445,000 people are in default KiwiSaver accounts. We're coming up to ten years of KiwiSaver existing, and yet, hundreds of thousands of New Zealanders haven't even looked at where their money is going.It's a false security to think you’re saving diligently, without realizing you're in the wrong account and so barely getting anything out of it.If you signed up to KiwiSaver, never picked an account, and left it at that, then you’re in a default account. But the default schemes were never intended to be permanent.They're conservative, meaning your money is safe as houses, but you will also likely get very little return.Imagine someone in their twenties, saving into a conservative account for their entire working life. They're not just throwing away thousands, they’re throwing away hundreds of thousands of dollars. For something that takes only a few clicks of a mouse to fix.It's time people realised how big a mistake this is, and how easy it is to fix it.So I gave Tom Hartmann, resident blogger for sorted.org.nz, a call.To give an example he ran the numbers on me, a 28-year-old earning a fairly average salary.If I made the minimum payments, a best case scenario for a conservative fund was around $285,000 when I retired. But in a growth fund that leapt $200,000, to a total of $485,000 when I retired.Those are no small potatoes.Hartmann agreed with me that picking the right KiwiSaver fund could be the difference between scrimping in your retirement, and enjoying it.That’s where Sorted comes in. The reason I tracked down Hartmann for this episode was because of my own experience with trying to figure this all out.Not so long ago I had a nagging voice in the back of my mind, reminding me I was young and should be out of a default scheme and into a growth KiwiSaver account. But because I never knew where to start, it got put off for around three years.When I finally Googled it, Sorted’s Fund Finder fundfinder.sorted.org.nz popped up. It asked me a couple of questions, ranked my options, and I knew where I wanted to go after about 15 minutes.It was embarrassingly easy.Hartmann said my experience was exactly what they were aiming for. They'd cut the Fund Finder back to the simplest necessities, to make it easier for people to use."It helps you choose from the entire market that’s out there, about 222 funds that are on there."But sorting through 222 funds is not any kind of fun, so the machine helps you narrow it down quite quickly."There are three quick questions on what kind of fund would be appropriate for your situation. Then you can sort by important things such as fee levels, the services that come with the KiwiSaver fund, and have a look at how the fund has been doing up until now."The most important thing is that you make an active decision about your KiwiSaver fund. If you're about to buy a house, or are retiring soon, then a conservative fund might actually be a good idea.But if you've got decades to retirement, or even several years, you should check whether a growth fund is a better idea for you."It can be a little bit of a rollercoaster ride, but if you have decades to go before retirement, you have the time to ride out those...
Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's why KiwiSaver default schemes are a horrible idea, and what to do about it. Hosted by Frances Cook.If your KiwiSaver is in a default scheme, you're throwing money away. You're going without, saving some money each pay day, and yet you could still be in hard times when you finally retire.Imagine that. You willingly stash money away each pay day, thinking you're doing the right thing, and then when retirement comes you still have to scrimp and save.When for the sake of a few clicks at your computer, you could have made the exact same savings, and had a cushy retirement.I'm not exaggerating, and that's why it’s extremely worrying that 445,000 people are in default KiwiSaver accounts. We're coming up to ten years of KiwiSaver existing, and yet, hundreds of thousands of New Zealanders haven't even looked at where their money is going.It's a false security to think you’re saving diligently, without realizing you're in the wrong account and so barely getting anything out of it.If you signed up to KiwiSaver, never picked an account, and left it at that, then you’re in a default account. But the default schemes were never intended to be permanent.They're conservative, meaning your money is safe as houses, but you will also likely get very little return.Imagine someone in their twenties, saving into a conservative account for their entire working life. They're not just throwing away thousands, they’re throwing away hundreds of thousands of dollars. For something that takes only a few clicks of a mouse to fix.It's time people realised how big a mistake this is, and how easy it is to fix it.So I gave Tom Hartmann, resident blogger for sorted.org.nz, a call.To give an example he ran the numbers on me, a 28-year-old earning a fairly average salary.If I made the minimum payments, a best case scenario for a conservative fund was around $285,000 when I retired. But in a growth fund that leapt $200,000, to a total of $485,000 when I retired.Those are no small potatoes.Hartmann agreed with me that picking the right KiwiSaver fund could be the difference between scrimping in your retirement, and enjoying it.That’s where Sorted comes in. The reason I tracked down Hartmann for this episode was because of my own experience with trying to figure this all out.Not so long ago I had a nagging voice in the back of my mind, reminding me I was young and should be out of a default scheme and into a growth KiwiSaver account. But because I never knew where to start, it got put off for around three years.When I finally Googled it, Sorted’s Fund Finder fundfinder.sorted.org.nz popped up. It asked me a couple of questions, ranked my options, and I knew where I wanted to go after about 15 minutes.It was embarrassingly easy.Hartmann said my experience was exactly what they were aiming for. They'd cut the Fund Finder back to the simplest necessities, to make it easier for people to use."It helps you choose from the entire market that’s out there, about 222 funds that are on there."But sorting through 222 funds is not any kind of fun, so the machine helps you narrow it down quite quickly."There are three quick questions on what kind of fund would be appropriate for your situation. Then you can sort by important things such as fee levels, the services that come with the KiwiSaver fund, and have a look at how the fund has been doing up until now."The most important thing is that you make an active decision about your KiwiSaver fund. If you're about to buy a house, or are retiring soon, then a conservative fund might actually be a good idea.But if you've got decades to retirement, or even several years, you should check whether a growth fund is a better idea for you."It can be a little bit of a rollercoaster ride, but if you have decades to go before retirement, you have the time to ride out those...
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