NZDF Money mind

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wouldn't that be a surprise recording is
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now in progress so here we go all right
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now in case you didn't know everyone's
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on mute um i do have the power
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to um
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so the only way you need to do that i'll
00:16
get that happening is hit the little
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raised hand button
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and that'll tell me you want to have a
00:21
quick chat
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um and i'll unmute you and i will
00:24
definitely let you know that you're
00:25
unmuted um and then you can feel free to
00:28
talk and share whatever and everybody
00:30
here you as well
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or alternatively you've got the chat
00:33
open and just above where you type the
00:36
message you can change the drop-down box
00:38
so if you do want to send something
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through you want to share something
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but don't want to be um called out so to
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speak to me saying hey that's brilliant
00:47
mr smith um just make it to hosts and
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i'll know that you want to keep that
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anonymous but i'll still share it with
00:53
everybody um because it just makes it a
00:55
little bit more interactive you know
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we're sort of seven miles apart
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um otherwise hit everyone and yeah i'll
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definitely keep an eye on things
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and just to let you know
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i keep an eye out from the chat over
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here on my right eye and my left eye is
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split between um
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the participants the little hands uh and
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my other screen that's over here so i'm
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not actually looking at a dog or a cat
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off to my side uh and i'm actually
01:21
working so just no now um quick i always
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like to ask this audience i only had one
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volunteer last week so there's a
01:28
challenge uh i'm going to take you
01:30
through a cutter care but i always like
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to ask is there anybody out there that
01:34
would like to take us through it
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i just hit the raise hand and we'll do
01:39
it i won't spend too long on this
01:40
because i'll just take us through it if
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there's nobody
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it's all right you can hear me today ah
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on the weezer you're back this is
01:47
awesome all right
01:49
louisa you're unmuted
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i felt obliged to volunteer for you oh
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good one good one thank you so much well
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you take us through and i'll let
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everybody know what you want thank you
02:08
cool thanks
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for
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[Music]
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awesome laser thank you so much oh mark
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mark the big shout out for you i'll just
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put you on youtube um
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and uh just so everybody knows louise
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attended last week so she's just doing i
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think the session to catch up but um
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her um
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feedback has been invaluable uh on these
02:48
sessions so just to let you all know
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that so thank you so much for doing that
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and if
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anyone's game for it we have another
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opportunity to do the karakia um
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uh the karakia at our two o'clock
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session so uh feel free to practice if
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you like and we'll get into it then um
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so yes as i mentioned sorted website it
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is full of free
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impartial
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uh independent unbiased information
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and the whole concept really is it's
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provided by
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a hunger or a retirement commission uh
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so that's the government as such uh and
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to make it free permanently free and
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it's there to empower you and me
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to be able to use those tools use that
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information to actually make
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um
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informed decisions for your own
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financial uh journals um so
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it's a brilliant little resource and
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we'll highlight a couple of them today a
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couple of tools but during the rest of
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the days on uh we'll actually be looking
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at a few more tools as well how it all
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sort of rounds out your whole potential
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financial journey and also importantly
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let's call out the force financial hub
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um oh mark i don't know
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maybe throw up the web address for that
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one just for people's reference in case
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they didn't know um
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and forced financial hub is basically
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and i'll show i'll bring it up on screen
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a little later on into the session
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a repository of all the benefits you get
04:15
because don't get injured as a
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fantastically
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good employer
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oh thanks mark that's my flip address
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um google for financial hub yes um i'll
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look it up and paste it in there um
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but um yeah it's inside some massive
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employers so there's lots and lots of
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benefits out there banking insurances
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wells which believe uh we'll touch upon
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those as well and sort of highlight them
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on the website just so everybody knows
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um so cool so what are we covering today
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i like to say we always cover four
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things
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there is a couple of webinars that catch
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me out and there's one with five and one
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with three but not that you care uh
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money believes so you know how we've
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grown up about money
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what we think about how we treat it uh
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financial past the future so sort of
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taking a step back and again it's it's
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part of that journey we've had
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with our whanau with our families with
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people that are close to us
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and you know learning from some of the
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mistakes that they perhaps made or
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actually sharing some of their wisdom as
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well
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our goals i understand i have it on very
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good authority that you all know about
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smart goals my favorite
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type of goal planning smart you're all
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probably muscle memories kicked in
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specific measurable achievable realistic
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time down you're all kicking around your
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head right now i know you are um and
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then last but not least the action bank
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um so you know putting things into
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motion because it's all very well
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listened to whether or not being
05:42
invigorated yes i want to do this
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or i want to do something about it
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but actually putting it on paper to get
05:49
get on the way
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so feel free to share anything you like
05:53
as we truck along we've got you for the
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next hour well 52 minutes i should say
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um
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and uh like i say my my right eye is
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keeping an eye on the chat so keep it
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coming
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oh i just saw the predictive typing
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ah that's awesome
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uh
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oh so that was um
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i think it was a shout out to louisa but
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it was just set to me so there we go
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that's what confused me about the
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particular title um now just a quick
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question for you all just to warm us up
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you've got a rule of thumb on screen
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because i'm bathed in a little bit of
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the fuchsia
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purple
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sometimes it's better to think about
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money for an hour
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than to spend a week working for it what
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do you think we mean by that
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let's test our typing skills
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wow the internet must be really slow
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because there's no typing coming through
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so
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let's just see i'll just chat
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rather than stare into the abyss of
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silence
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um
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oh thanks mark you kicked that one off
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don't waste your hard-earned wages
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exactly i mean you you give up a little
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bit of your life to get money in the
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bank to do things with um and that's
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that's a powerful way to think of it
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isn't it um smarter not harder yes love
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it oh god now you're all hitting me at
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once here we go always test me to make
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sure i can keep up with it um
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think about what you want to do yeah
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brilliant friend um planning how you're
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gonna use it yeah denature brilliant um
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joyce set it up right and it can learn
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more yeah exactly because there's one
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thing that we can never get more of
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and it's four letters and begins with t
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it's time everyone has the same amount
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of time perhaps some have more on this
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earth than others
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but the fact is we all have 24 hours in
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a day to do things and you know if you
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don't get that foundation right um and
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you lose a bit of time and i don't know
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maybe compounding some of the growth or
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investing
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uh then yes you have to spend more time
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trying to work it out so
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i think that's going somewhere with that
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um
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what i've got here plan your spending
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yep brilliant
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cameron basically planning here can make
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the most money yeah exactly efficient
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abuse isn't it um and even think about
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nzdf like whether your army air force
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navy
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you don't just go gung-ho into
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a hot spot in the world or whatever it
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might be your actual plan these things
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you meticulously
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look out for problems or
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issues and actually lay out a
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well-formulated plan so there's no
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difference to us when our finances
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finish our investments yes um short-term
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pleasure at expense of a longer bit of
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use of your money oh brilliant
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i won't call out that first because they
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just sent it to me but yes very valuable
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feedback thank you um and then last but
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not least matthew hitting us with put
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your money to work for you yeah exactly
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and there's a various um different ways
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of being able to do that too isn't it
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especially with nzdf if you've got
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kiwisaver and some of you may be in the
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old um
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nzdf super scheme uh then you also have
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the nzp flexi saver as well so you've
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got a few different avenues that you
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make use of your investment stuff
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and again if you haven't heard of the
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some of the names i've mentioned
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definitely have a look at the website
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which i'll show you but also send a
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query through that email address that
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benefits at
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nzdf.nil.com so cool let's have a quick
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video and it's a video of the staff at
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the retirement question a little bit old
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now but still
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it's nice to hear directly from the
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people
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that are at the retirement commission
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and funnily enough that just like you
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and i they don't follow finances day in
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day out they're obviously working here
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because they're passionate about
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financial well-being but you know they
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have the same issues as us so let's have
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a quick watch
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have the friends do what i want do what
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they want
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support those i love do fun stuff have
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options buy shoes buy things travel the
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world have opportunities
10:10
[Music]
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and they have a lot of freedom to do
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what they want
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they just give poor away
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i generally
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no i that's really it's really um okay
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interesting have made some good choices
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aren't always happy you can spend much
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more than i can do
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i'm very fortunate
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have lots of choices
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have a love hate relationship at times
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it's a complicated relationship it's so
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complicated relationships
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it's complicated
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because relationship when i have some
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work together in harmony
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our great buddies are getting there
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together
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it's important it's important it
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requires a lot of height work it's there
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to be spent it doesn't grow on trees
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can give you choices
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important to help you care for others
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keeping track of it keeping track of it
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and playing the goals keeping it keeping
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it saving money
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making enough
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not having enough
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making it work for me saving was that
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not on the whole time
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[Music]
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yes there you have it
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all um
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staff at retirement commission so yeah i
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mean you you may have
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what's uh bonded with some of that that
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chat that went on there in terms of um
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hey actually that's me you know
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complicated relationship working and
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harming uh so on screen unfortunately
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the polls i'll just check are not there
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to work because normally you'll be able
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to just vote um but yeah feel free to
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just check it on the chat your response
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to this one
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and if you want to keep it private just
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make it to the hosts and panelists and
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it'll only come to me and i'll try and
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tally up as quickly as i can in my head
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but money and me uh pretty much a to e
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uh have a love-hate relationship uh be
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it's complicated c work together in
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harmony
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d are getting there
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um or sorry our great buddies and then
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last but not least e i get in there
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together so when would you sort of sit
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do you think as a quick and prompted
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poll
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um
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and like i say chug it through on um
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okay we've got an e
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awesome oh lots of e's in a cool to b
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oh god i'm not going to keep up with
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this excuse me lots of e's these what's
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really interesting is as people vote to
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little a's and
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uh big a's capitals and such it's really
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good uh so we've got some a's and b's
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e's
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uh
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e and a bit of c
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very good that's cool thing about not
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having a proper run pole you can just
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pick out the ones you want
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um combination if it's complicated and
13:05
getting together yeah i think that's
13:07
accurate too for people that have sort
13:08
of picked one and another
13:10
there's different
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stages in life where we do feel in
13:14
control of money and others where
13:15
perhaps it's control of us
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definitely or we've got c's and then our
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last one round out with an a so
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uh quick tally up um i think d was
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pretty well represented at the beginning
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and then we had a mixture of a lot of
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a's b um and then also some c's indeed
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hey presto we've covered everything um
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but yeah i guess the gist of that is is
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that there is a
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um
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a well spread out um capture of
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different
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not interpretations but different ways
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or different feelings about money and
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such
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and i for one happily admit at the age
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of 48
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when i was 18 i was probably not an
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e-column definitely not great buddies
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with money i was living payday day young
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young guy
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living up blood
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um
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now i'm you know
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sorting out kids and things like that
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i'm just planning that one's almost 18
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now here at that other stage of life
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where you feel as if
14:18
that drain on your your pantry is gone
14:22
um
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i noticed that my daughter said the
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water bill is not as high as it used to
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be anyway but i'm finding that we're
14:28
having more a little bit more money
14:29
around being able to do some more things
14:32
save a bit more
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um so i'm feeling that that journey sort
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of gone to the other end of things
14:38
but yeah no thank you everyone for
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voting
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um right now you've got a question on
14:44
the screen what do you want for your
14:46
financial future so they're not
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specifically asking you about retirement
14:49
here but what do you want for your
14:52
financial future and you can think about
14:54
retirement if you want
14:55
um
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but yeah hit me hit me with some ideas
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because
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i will grab them and use them as my own
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no kidding um hit me with some ideas and
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i'll share them with everybody
15:05
um
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and i'll see if i can keep up here we go
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here we go cool
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uh
15:10
cheerio shree yes three years hopefully
15:13
i've said that right unburned with a
15:15
mortgage definitely right definitely
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right there such a massive
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um
15:21
tick on the box once you pay that thing
15:22
off and the ability to make different
15:24
choices amazing uh mark financial
15:27
freedom awesome love it joshua freedom
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freedom
15:31
that's my brave heart moment really bad
15:33
sorry hopefully someone laughed it's so
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quiet here nobody laughs
15:37
um
15:38
russell's security
15:40
um and russell to that point as well
15:42
security like what does that mean to you
15:45
as security like if you mean to
15:47
different things different people so
15:49
just be intrigued as to what security
15:50
means to you
15:51
measure understanding control yeah
15:54
being in charge of money isn't it um
15:56
sean wants me to say freedom again in my
15:58
very heart voice but no that won't
16:00
happen again uh i want enough to buy a
16:02
house yeah brilliant so that that that
16:05
step to that goal and then work on the
16:07
next goal brilliant love it
16:09
um
16:10
dc to be able to buy a household that
16:12
was followed straight up to brands and
16:14
buy a house so there you go
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um
16:17
make money work for me have a passive
16:19
income fire yes
16:21
now please mention
16:23
what fire means because we had this come
16:25
up last week and there were some people
16:27
going what are you talking about fire if
16:28
i had a d
16:30
um so if i r e
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let me just define what that means i can
16:34
share it with everybody um takani the
16:38
freedom to do what i want support my
16:39
family love it brilliant okay freedom
16:42
mortgage and security yes
16:45
uh feeling secure because i own a home
16:46
and can afford to live with choices even
16:48
modest ones yeah exactly because
16:50
everyone's the perception of having
16:52
choices is different
16:54
um just knowing that
16:56
you know if you can go and
16:59
get some weekly groceries
17:01
and that can
17:02
you know make me knowing that i've got
17:04
enough money here to go and just pick
17:05
what i want from the shelf
17:07
and bring it back home so it's good
17:09
so love it financial independence
17:12
along with security
17:14
enough for retirement yeah definitely
17:16
definitely um
17:19
oh look
17:20
someone just hit me with a laughing
17:21
emoji so i'm guessing i'm trying
17:23
backtracking you're laughing at my
17:24
braveheart reference awesome love it uh
17:27
to help out my kids for their future
17:29
yeah and it's that's becoming a lot more
17:31
common isn't it um
17:33
bank of mum and dad helping kids into
17:34
their first home or um you know just
17:37
flattening if they're moving to another
17:39
city
17:40
that sort of financial
17:44
reliance is still always there yeah
17:45
definitely uh joyce losing two jobs in
17:47
12 months not interview staff family
17:50
here is to be comfortable because yeah
17:52
yeah being not necessarily um
17:56
yeah well i think being prepared isn't
17:57
it being prepared for it in case it ever
18:00
happens
18:01
you know you've got some what we call
18:02
mental bandwidth to
18:04
deal with the issues at hand
18:06
uh and and make good financial decisions
18:09
for yourself and your family uh
18:11
brilliant love it
18:12
um asset development there we go
18:16
we've had an accountant here i think
18:18
getting uh so yes no asset development
18:20
so investing in things helping it grow
18:22
passive income early retirement love it
18:26
i'm sure the ngdf encourages early
18:28
retirement
18:29
um
18:30
ability to be able to afford to live in
18:31
the current climate yeah yeah uh i mean
18:35
you've been around
18:36
the block i mean it's amazing housing is
18:39
a prime example how things have shot up
18:41
but even now
18:43
um
18:44
cost of living is just getting a little
18:46
bit ridiculous in some expense uh
18:48
phoenicia to know that my partner and i
18:51
and our family won't need to worry too
18:52
much yeah exactly it's you know as
18:55
simple as that because
18:57
and if you map that out if you're both
18:59
on the same page around what that looks
19:00
like
19:01
uh then it's fantastic for the goal to
19:03
strive towards uh matthew retire early
19:06
from passive income
19:08
uh joshua having more than i need so i
19:10
can live comfortably and do what i want
19:12
yeah again it's that strong strong thing
19:14
about
19:15
choices coming through
19:17
mouths getting dry now trying to read
19:18
all these um
19:20
having enough to not have to worry about
19:21
retirement years
19:22
definitely um love this one can respond
19:25
to emergency needs without it being
19:26
destructive financial well-being yeah
19:30
um
19:31
oh yes here's another accountant one
19:33
ongoing cash flow with double
19:35
exclamation marks so
19:38
kidding amanda saved more than i spend
19:40
buy a house so we've got three on the
19:42
housing looking for the housing uh shane
19:45
freehold land to live off and make a
19:47
living off oh
19:48
that's a different one awesome love it
19:50
show um
19:52
oh surely same as russell
19:54
okay remember what russell was but um to
19:57
the to russell russell you've just been
19:59
given a hands up there um consistency
20:03
yes and to all the people that want us
20:05
know what fire stands for financial
20:07
freedom build a legacy for my son fire
20:09
equals
20:11
financially independent retiring early
20:13
um so there you have it the acronym of
20:15
fire
20:16
um
20:17
and have it again financial independence
20:20
retired yeah that's the two of you
20:21
already know this
20:23
uh marx hit us for the stats we have 300
20:26
people aged 70 plus in nz
20:29
so all that talk about retiring early
20:31
they obviously love what they do and
20:33
they're still there doing or flying a
20:35
trade
20:36
live comfortably and stress free from
20:37
money issues
20:38
cool and last but not least um
20:41
oh
20:42
there's a question what are alternative
20:44
options to real estate and are there any
20:46
means of learning what that is brilliant
20:48
well that's a great question you've only
20:50
seen it to me so i can't say who you are
20:52
but
20:53
if you stick around for the rest of the
20:54
week we will be touching on other
20:56
investment
20:58
i guess vehicles or classes as well
21:01
so that hopefully that will get built up
21:03
over the next few days
21:05
um so thank you everyone those are
21:07
brilliant
21:09
now for those of us that may have
21:10
struggled to figure out what we may want
21:13
in our future
21:14
we can always flip it on its head as
21:16
well um so what don't you want for your
21:19
financial future and the number one
21:22
that usually comes through is debt
21:24
nobody wants to have debt as they go
21:26
into retirement those sorts of things so
21:28
yeah i'll be intrigued what don't we
21:30
want for our financial pictures i won't
21:33
spend too long on this one but i'll call
21:35
them out as they come through
21:37
and i'll have a quick drink of water at
21:38
the same
21:42
time yep large mortgage definitely
21:46
it's almost like the internet just
21:48
letting odd ones come through
21:53
oh there we go mark um thank you so the
21:56
person that asked about other investment
21:57
options
21:59
milestone direct are the financial
22:01
advisors that are part of were not part
22:03
of ncdf but are attached to the entity
22:05
providing
22:07
financial advisory services
22:10
and there's a specific deal set up there
22:12
um so mike just said uh investments have
22:15
some good podcasts on milestone direct
22:17
limited site um so again that's uh
22:19
that's there for you to be able to watch
22:21
uh continual debt yeah sort of even that
22:24
spiral debt when retiring and not be
22:26
able to help my daughter out struggle in
22:28
retirement
22:29
delivering from paycheck to paycheck
22:31
financial
22:32
tree
22:33
and burdens
22:34
financial tree
22:37
uh maybe to find that one i'll just
22:39
explain that one to everybody as well to
22:40
myself
22:42
um inability to provide a safe life
22:44
family whanau yep
22:46
retiring
22:47
and being reliant on the potential yeah
22:48
it's nice to have your own
22:50
side hustle as well so to speak yeah
22:52
definitely uh not following the parents
22:54
footsteps we're hopefully indeed because
22:56
we don't worry
22:57
yeah that's we're coming up for that um
23:01
our stress okay was a type it feels a
23:04
typo financial stress not treaty
23:08
um
23:09
well if you're going to type wrong
23:10
that's a classic one isn't that um the
23:13
last one i'll leave me oh no people are
23:14
still coming through not being able to
23:16
buy the things i need to want and
23:17
support my parents and their retirement
23:20
which is brilliant so you know
23:23
these are the um
23:24
i'm guessing my last comment here about
23:26
support my parents in your retirement
23:27
that's something you do want to do for
23:29
your financial future not
23:31
ah
23:32
okay not you don't want to have to
23:34
support them in their retirement is that
23:35
what you mean
23:36
yes
23:38
just want to clarify that
23:39
um
23:40
cool yeah so
23:42
this video here is a staff member at the
23:45
commission and
23:46
she shares a personal story about
23:49
uh i guess some of the
23:51
money things or one of them one thing
23:53
she saw with her dad
23:55
um but then also she shared some of a
23:57
couple of lessons that she learned as
23:59
well so just
24:00
have a quick watch and we had
24:06
oh there we go there's a comment made
24:08
just before you watch um don't worry too
24:09
much about the kids i'm sure you didn't
24:11
expect it apparently kids waste half of
24:13
it and laces research so i'm
24:16
not sure that might be controversial
24:17
that one anyway
24:21
[Music]
24:25
my father was absolutely a spender
24:27
spending money on things you absolutely
24:29
don't need the most ridiculous things
24:31
like i can remember my father coming
24:33
home and he'd bought a little fridge for
24:36
in the car
24:37
no one needs a little fridge in the car
24:40
seriously so he could grab whilst he was
24:43
driving he had a very average car it
24:45
wasn't a really fancy car so he could
24:47
drive a cold drink
24:49
from his tiny little fridge in the car
24:52
which was massively expensive
24:55
how long that stays with you
24:58
i think
24:59
you have a plan when you get a credit
25:01
card or even a personal loan and you
25:04
think oh if i put this amount of money
25:06
aside every month and i can pay it off
25:08
in that time just doesn't happen
25:10
because life happens and you need that
25:12
money for other things
25:15
and so
25:16
that two-year plan turns into a
25:19
five-year plan or even later and that
25:21
you really have to at least that's what
25:22
i found in my own life i've had to go
25:25
out and even earn extra money for the
25:27
purpose of paying off that debt which is
25:29
stress inducing
25:31
and
25:32
i think i
25:34
i would have liked or more knowledge
25:36
around
25:38
when things financially don't happen the
25:40
way you would like them to happen how
25:42
much stress that not only puts on
25:44
yourself but people around you
25:46
i think i would have liked to have known
25:48
that more more awareness around that
25:51
[Music]
25:55
so you can guess what the next slide
25:57
will be um who's influenced you the most
25:59
about money um so obviously we've had
26:01
the story about a dad with a little
26:03
bridge for the car
26:04
um i never knew you'd use a little
26:06
bridge for the castle
26:08
yeah off the slide there i'm sort of
26:10
thinking well it's not too bad if you're
26:12
in a hot sort of summary sort of town
26:14
but anyway um i get a point you know
26:16
frivolous sort of spending on things
26:18
that you think
26:19
really is that is that for your um
26:22
priorities right so to speak uh but yeah
26:24
who's influenced you the most um
26:26
and i think for my um
26:29
oh here we go parents seeing how their
26:30
lives are going and when yeah yeah
26:32
because it's it's a great measurement
26:34
isn't it
26:35
you grow up around them obviously and
26:38
you get to see
26:39
you know if you're in your own home or
26:40
you're moving or you know whatever it
26:42
might be i have to say from my my dad's
26:45
point of view my um
26:48
mum passed away when i was about 10 but
26:50
my dad brought me up basically after
26:52
that and you know it wasn't the best
26:54
life he always strived with a great
26:57
effort around making sure it never went
26:58
without but um
27:00
never owned a home always rented
27:03
and we were moving quite a bit as well
27:04
so those sorts of things have influenced
27:06
me now
27:07
as an adult and as a as a parent uh as a
27:10
husband as well that i'm a little bit
27:12
more stable
27:15
shut up there's everything's coming
27:16
through here um
27:18
four people are following youtube for
27:20
investment strategies yes it's becoming
27:22
more commonplace be very careful of that
27:25
though because
27:26
um financial advisors have to live
27:28
within
27:29
regulations and you know if they say
27:32
something and people follow it and it
27:34
goes completely
27:36
done
27:36
um then there is recompense available
27:40
whereas if you follow somebody on
27:41
youtube or to talk or on the ground
27:45
um then yeah you may not have that
27:48
recourse to be able to um get that
27:50
advice covered off or even some reddit
27:52
threads but um i get you mean i don't
27:54
get what you mean
27:55
um
27:58
similar to what trey has said uh yeah
28:00
fair enough um
28:02
parents single income sensible has been
28:04
a great savings but not enough fund
28:06
reward things when they put
28:07
um yeah yeah it's um it's that
28:10
priorities isn't it i guess yeah
28:13
um
28:14
grandma passed south was really a big
28:15
spender back in the day and just
28:16
regretting what it did influence me to
28:18
change yeah that sort of self-reflection
28:21
that's fantastic uh parents yeah
28:24
uh ian's hit us with parents warren
28:27
buffett uh-huh there you go if you're
28:29
ever intrigued as to who warren buffett
28:31
is just google his name lots and lots of
28:34
well references to warren come up and
28:35
lots of wannabe references came up to
28:38
warren as well so um i'll read it
28:41
thanks again um
28:43
um my parents initially then my work
28:44
colleagues and watching others now my
28:46
wife ah brilliant right
28:49
um
28:50
surely dad always said don't spend what
28:52
you don't have but it's also always very
28:54
generous with his time helping others
28:56
yeah that's cool like that aren't they
28:59
always there and for some reason like
29:01
stuff i don't know how that happens
29:03
uh though i have to make my diy
29:05
knowledge is slightly building so i've
29:06
given another 10 to 10 20 years
29:09
mum was great with her money as a single
29:11
parent but now she is financially happy
29:13
awesome love it
29:14
dad
29:15
always has something to say but i'm only
29:17
just realizing the importance of it yes
29:19
i know
29:20
us dads when we do that
29:22
and our kids are like
29:28
uh showing appearance as well seeing how
29:30
different they are and how either
29:31
strategy is paid off or not
29:33
to that point we'll um touch on a great
29:36
tool
29:37
uh called the money personality because
29:40
especially for those of us that are in
29:41
relationships and have another
29:43
significant other on our financial
29:44
journey
29:46
it may go some ways to explain why they
29:48
go off and do something completely
29:50
different to what you've agreed on so
29:52
look out for that one in this session
29:54
um
29:57
appearance and law passing away
29:58
realizing they have no money in there to
30:00
pay for funeral yeah god that's that's
30:03
harsh enough
30:04
um made us realize how important
30:06
movement savings are
30:08
thanks for sharing that yes
30:10
um
30:12
joyce's parents to be the opposite to
30:14
them yes and then so much more in the
30:15
last years for my partner who was much
30:17
more clued up teaching me so much like
30:19
why not to have bank savings in this day
30:22
and to make it work smarter yeah it's
30:24
brilliant isn't it getting um just
30:26
being a sponges taking in
30:29
different things
30:30
um
30:33
my girlfriend who tells me i'm spending
30:35
then buy sticks of clothes uh yes that
30:37
funny personality because i can see
30:38
you're going to be doing that um
30:40
thanks
30:42
and you open that up to everyone so i
30:43
can share that um and last but not least
30:46
mentors and also books by warren buffett
30:48
robert kiyosaki yes definitely and for
30:51
those of us that may have heard it as
30:52
well the barefoot investor by scott pate
30:55
uh every session i run i always mention
30:58
it it amazes me that people have heard
30:59
of their book have the book read it
31:01
before and thought it was a gift
31:03
um oh there we go joyce said i love that
31:05
book so there you go um now
31:08
are there any lessons that we want to
31:10
share so you see a warm jump to typing
31:12
now
31:14
um
31:16
on the facebook group so scott's got a
31:18
facebook group as well awesome
31:20
uh budget here we go trace hit us with
31:22
budget for your wants accept that you
31:24
may spend on things you don't need stick
31:26
to the budget
31:27
and our session this afternoon is on
31:29
spending
31:30
you're not going to spend an hour
31:31
putting a budget together but we're
31:32
going to touch on a budget or a money
31:34
plan
31:35
um so
31:36
yeah look out for that one
31:38
cool thanks trace
31:40
anybody else
31:41
i love it just two words automatic
31:43
payments
31:45
what you need it's all you need to know
31:47
um but seriously it's
31:49
making it automatic takes it away from
31:51
your brain
31:52
love it
31:53
um
31:54
i couldn't say no because you only sent
31:55
it to me but there was a great great two
31:57
words love it amanda budget think about
32:00
purchases carefully what will happen if
32:02
i don't buy this hey that's pretty cool
32:04
yeah like that
32:07
just do the sort of the flip side up
32:09
and do i really need that new tv what
32:11
would happen if i don't buy it i'll be
32:13
stuck with my
32:14
my 14 inch
32:16
tv
32:17
that's that's cool
32:20
kidding but great point man i love it um
32:22
chain don't impulse buy wait a couple of
32:24
days
32:25
until we're scrolling here
32:26
and then if you still want to buy then
32:28
do yeah have a cooling off period yep
32:31
uh my some muscle motion hopefully i've
32:34
said that correctly a different age
32:36
between your wants and needs yes that's
32:38
brilliant especially going into spending
32:40
this afternoon wants me uh russell start
32:42
early uh
32:44
a little bit of hurt now pays off down
32:46
the track yes we like to call it a
32:48
little and long
32:50
and um it's just amazing if you can
32:53
leave it in there building what time can
32:56
do
32:57
that compound growth or compound
32:58
interest
33:00
is an amazing
33:02
factor uh shows uh consider subscription
33:04
versus outright purchases in the long
33:06
term yeah definitely right especially
33:08
with the
33:09
you can't buy them outright for spotify
33:11
and things but think of those things
33:12
adding up my god they're getting quite
33:14
expensive um
33:17
joshua's touched on too power of
33:18
compound interest investing earlier is
33:20
better
33:22
those who have little idea with regards
33:23
to how i want to invest will normally
33:25
put you off it completely by saying it's
33:27
too risky yes
33:29
yes the neighbor over the fence goes oh
33:31
i wouldn't do that
33:33
um yeah do do what's right for you your
33:36
family your whanau and your goals and
33:39
what you're trying to achieve not what
33:40
somebody tells you vanessa can also
33:42
account for oh my god it's the best
33:44
investment to get until you have to do
33:46
it now
33:46
um yeah don't get caught up in a the
33:49
people that try and pull you down and
33:51
then also don't get caught up in some of
33:53
the hype stuff as well because it can be
33:55
easy to be sort of on that bandwagon and
33:57
get pulled out
33:58
um
33:59
what we've got here zero based budgets
34:01
knowing where every cent of your income
34:02
goes also debt snowballing helps
34:04
decrease debt at a fast pace
34:06
love it um and our debt session on
34:10
wednesday
34:12
we do actually touch on two debt
34:14
strategies one of them is get
34:15
snowballing so if you don't know what
34:16
that is come along
34:18
and um
34:20
we will happily talk about that uh force
34:23
financial hub has prepared a list of
34:24
resources books articles webinars
34:26
podcasts
34:27
uh anyone who wants an email benefits
34:30
engineer dot mil dot easy see this is it
34:32
mark just the expert just quietly in the
34:34
background
34:35
circulating away
34:37
last but not least from joyce always
34:38
looking for ways to keep adapting that
34:40
budget and fine-tuned it over and over
34:43
and
34:44
be if i adapt it
34:47
do you apply
34:49
and compound interest yes as well and
34:51
make sure check and often with your
34:52
money and keep learning from reputable
34:54
sources yes
34:56
exactly right love it
34:58
um
34:59
[Laughter]
35:01
thanks joyce i didn't even pick up on
35:02
that barefoot investor means bf5
35:05
um and last but not least before we show
35:08
you the first tool be resilient if your
35:10
financial plan gets derailed by
35:12
relationship ending or reduction in
35:13
income unemployment or illness you can
35:16
recover start again
35:18
um and it's not the end of the world
35:20
it's just yeah building that financial
35:22
resilience for that mental bandwidth
35:24
to be able to quickly deal with things
35:26
at the time and then have the time to
35:29
sort of you know
35:30
recharge
35:32
your financial journey so to speak um
35:34
awesome love it all right
35:36
give them lots of sharing so i
35:37
appreciate that so
35:39
uh on your screen now you will have the
35:42
sorted.org website and i'm just taking
35:44
you there
35:46
i'm just going to pop the
35:48
address so if you do want to keep the
35:50
address feel free to copy and paste that
35:52
bookmark
35:54
um
35:55
so you can see here
35:58
which is obviously a very pertinent
36:00
saying at the moment we're all in this
36:02
together
36:04
but this is the main landing page
36:07
now if you've never said has anyone
36:09
actually been to the website before just
36:11
ask that question
36:12
um
36:16
awesome what did you think just um hit
36:18
me back and joyce have been back with
36:20
what you thought
36:22
but if you have never been to it or if
36:24
you have been to it
36:25
i really really encourage you to sign up
36:27
it's completely free to join
36:29
it will always be free everything on the
36:30
website is free
36:32
and also really importantly that it's
36:34
confidential so you get your own login
36:36
password nobody else can access it that
36:38
includes people at the commission and
36:41
you know us facilitators as well we
36:43
can't just go in and go oh this is a
36:44
great candidate to talk about that is
36:46
completely secure just for you um
36:50
and
36:51
when you sign up
36:53
you basically
36:54
can save stuff and that's the beauty of
36:56
it and like this afternoon we're going
36:58
to look at spending so you can see
37:00
there's a budgeting tool in here
37:03
and if you're going to spend the time
37:04
to work through it and put the numbers
37:06
in and it could take i don't know 15
37:08
minutes half an hour an hour to do it
37:10
the last thing you want to do is have to
37:12
continually bring into it so you have
37:14
that ability when you sign up to save
37:16
stuff
37:17
which is cool
37:18
and just a couple of feedbacks um
37:22
everyone's probably read it but love
37:23
reading the blogs and using the tools
37:25
the blogs are really good actually um
37:28
and the guides as well it just gives you
37:29
a little bit more information
37:32
uh recommended to our kids when they
37:33
started working they love it that's
37:35
great shirley um
37:38
oh choices but feedback um mortgage
37:40
calculator won't work out how i want to
37:42
see what little bits your parents can
37:44
chop up overall but otherwise love using
37:46
the resources yeah i noticed that as
37:48
well it's a bit of a pain
37:51
so when we talk about debt on wednesday
37:53
i just bring up a couple of um
37:55
bank websites that have a reasonably
37:56
good calculator that can show you the
37:58
thing and i'll run through one of them
38:00
anyway
38:01
so the one we're looking at is where are
38:03
we uh
38:04
money personality
38:07
excuse me
38:10
so
38:12
let it load right
38:14
so this is the questionnaire that
38:16
remember how i said your two of you are
38:18
on this financial path and you're going
38:20
this way or you both agreed to go this
38:22
way but your partner goes off and does
38:24
this
38:25
goes off in a complete tangent uh well
38:28
the money personality is about figuring
38:30
out
38:31
who they are as a person and how they
38:33
treat money how they view it
38:35
what's important to them and also
38:37
some potential blind spots
38:39
so has anyone actually done this quiz
38:43
um there are 25 questions right i know
38:46
that's a lot so i
38:49
half jokingly say
38:50
you and your partner or significant
38:52
other
38:53
um on your financial journey spend a
38:55
friday or saturday night with a glass
38:58
wine or beer or on a juice of water
39:00
whatever in your hand some crackers and
39:02
just do it individually
39:04
and spend i don't know 15 20 minutes and
39:06
answer the questions as honestly as
39:08
possible because you'll notice they are
39:10
very psychometric based
39:13
and look question one um besides incest
39:16
things like food shelter uh clothing do
39:18
you spend most of your cash on a going
39:21
out with friends looking for
39:23
themed
39:24
books movies and or other special
39:26
pursuits so just find the answer that's
39:28
closest to you
39:30
none of the
39:31
actual answers are going to be quite
39:34
yeah that's mean to a team
39:36
but find the closest one
39:37
and once you work through those 25
39:39
you're going to come up as one of these
39:41
particular personalities
39:43
um and i'll just click on authentic
39:46
tremor
39:48
and then the beauty of this
39:50
is and feel free to do this tonight
39:54
or the next couple days and just share
39:55
it with me how you scored out and i'll
39:57
be most interested in is
40:00
how accurate it is
40:01
um and do you think it's a fair sort of
40:04
description of who you are uh but you
40:07
can see here for a money uh authentic
40:09
dreamer
40:10
you could be indecisive in your life can
40:12
be filled with to do's so you're really
40:14
good at planning uh because you can see
40:16
so many options from so many angles
40:18
spend more time in action in reflection
40:20
so it's picking up one of those blind
40:22
spots
40:23
um be realistic think about the details
40:25
and clinic project make lists of your
40:27
priorities ask others for help instead
40:29
of always relying on your own resources
40:32
get advice for more objective close
40:34
friends
40:35
plot the strategy put together realistic
40:37
claims of attack it's almost like
40:39
written for the mcdf there's no
40:41
trickiest um use your creative
40:43
imagination to brainstorm financial
40:44
investment ideas
40:46
um so
40:47
you know that's a description for
40:49
authentic dreamer and you can see
40:50
there's a whole bunch of these
40:53
so some of them are going to ring pretty
40:54
true
40:55
and others you might think that's
40:57
completely wrong with that but i do do
40:59
this so um just have a look at it and
41:01
then once you've done it compare it
41:04
to each other um and what you'll find is
41:07
between you and your significant other
41:09
so to speak um you'll be able to spot
41:12
deafblind spots they'll be able to spot
41:14
yours and hopefully it'll be a
41:16
happier sort of financial
41:18
so to speak um any questions on that
41:22
the great tool and um if you get the
41:24
time to do it definitely do it
41:30
your questions that's good all right um
41:33
so
41:34
here's the df four people there
41:37
smart goals what are they again
41:40
shout out to the first book oh
41:42
let's go back
41:43
um shout out to the
41:45
first person to define what smart means
41:50
i'll give you accolades
41:52
virtual chocolate fish
41:54
it's going to be the quickest tightest
41:55
in town
42:00
oh
42:03
all right um
42:05
well there must be a real like
42:08
blockage in the internet pipeline
42:10
because nobody's told me what a
42:11
smartphone is ah joyce awesome
42:14
joyce you are what part of the country
42:16
in because i can honestly say
42:19
it's radiating from your knowledge right
42:20
now thank you joyce
42:22
smart specific measurable
42:24
achievable realistic uh timely all time
42:27
down
42:28
so brilliant that's good
42:30
ah that's i know i can you can see me
42:32
glowing
42:33
love it choice awesome
42:35
um
42:36
so yeah making making it a goal so i
42:39
would have another good authority that
42:40
smart gold panic that's very integral to
42:43
nzd at life
42:45
so we won't dwell on that too much but a
42:47
couple of tips around it and the biggest
42:50
one you can see on screen at the moment
42:51
is a quick sort of defining of a trip to
42:54
fiji the biggest impact you can have on
42:57
making a goal
42:59
um i don't know
43:01
something you want to strive for or
43:04
want to achieve would be getting it as
43:06
specific as possible
43:08
because what you'll find is if you make
43:10
it specific you'll actually answer the
43:12
measurable question and the time down
43:14
question and then it's just quite easy
43:16
to figure out is it realistic or
43:18
achievable because you've also done a
43:20
budget over the site so you can figure
43:22
out for a financial goal
43:24
yep i can connect 200 bucks a month for
43:26
that because i know my budget i've got
43:28
280 bucks spare a month to do what i
43:30
want to do
43:32
um so in regards to making it specific
43:35
we put on here i want to say to get to
43:36
fiji next winter
43:38
has anyone used a vision board here's
43:41
one of my tips
43:43
i know it's going to sound fluffy
43:46
but a vision board has anyone used one
43:50
um just so we wait for that to come
43:52
through so
43:53
making the trip to fiji it sounds really
43:55
good
43:57
yeah yeah good point choice uh yes it's
44:00
going to feed you even realistic right
44:02
now exactly i know we should change this
44:04
but we could say next winter on there so
44:06
that's next year
44:07
we're coming into this well we're in
44:08
spring coming into summer so maybe next
44:10
winter we might be okay
44:12
um so making it more specific i want to
44:15
say if you get fiji not really it's okay
44:18
what about
44:19
where do you want to stay in fiji are
44:20
you going to stay at the outrigger or
44:23
you're going to stay at
44:24
the sheraton or where are you going to
44:26
stay
44:27
so name the place
44:29
so i want to say to get to fiji and stay
44:33
at sheraton for how long how long do you
44:35
want to stay there for a week so a week
44:38
um
44:39
oh awesome thank you i'm going to touch
44:41
on that but i love it
44:43
oh and another person who just sent it
44:45
to me has used it as well so i'll feed
44:47
back those two as well
44:49
so where do you want to stay how long
44:50
you're going to stay and then if it's
44:52
you and your whanau involved in planning
44:55
for this so you know if you've got three
44:58
little kids that are going to come along
44:59
too and they're all excited
45:02
go to the website uh you can even
45:04
someone suggested go on to google street
45:06
view if that's possible for a particular
45:09
country going to
45:10
and have a look around
45:12
on street view and and see where
45:14
you are what the facilities are around
45:17
where you're staying
45:18
what the road's like and all these sorts
45:20
of things
45:21
i had one of my clients a long time ago
45:23
she was planning a trip for her and her
45:25
daughter to
45:27
roam
45:28
and she actually managed to plan the
45:29
trip
45:30
using google street view and figuring
45:32
out oh here's accommodation and this is
45:34
right opposite where we want to go
45:36
let's
45:37
there's the name of it on the sign board
45:39
or is that clear and then use that to
45:41
book it in and that's how they plan
45:43
their trip so that was another way of
45:44
doing it um so making it real uh or
45:48
using a vision board is a great way so
45:50
we have fade vision boards and bright
45:52
goals down makes them more real
45:53
definitely definitely the vision board
45:56
is just like if i'm staying at the
45:57
sheridan for a week print out sheridan
46:00
print out a picture of the pool print
46:02
out the trees or the beach that it's on
46:04
or whatever it might be some of the some
46:06
of the things you can do some of the
46:07
activities print it out chuck them on
46:09
the fridge
46:10
and it's always going to be there or if
46:12
you want to move into more modern times
46:14
put it on your laptop screen put it on
46:16
your phone screen anything that keeps it
46:18
in front of you keeps you focused
46:21
because this this gray matter up here
46:23
has a habit of just going way off in a
46:25
tangent sometimes
46:27
so anything you can do to improve that
46:29
absolutely brilliant um and then someone
46:33
right here use dream board on an annual
46:35
basis with kids on holidays brilliant so
46:37
vision board or dream board exactly the
46:39
same thing
46:40
it's about trying to get things as real
46:43
as possible get as exciting as possible
46:46
um so you can see
46:48
with regards to our fiji trip i want to
46:50
say to get to pg and stay at the sheriff
46:53
for a week it's going to cost me 4 000
46:55
and i'd love to do it in june next
46:57
winter
47:00
that makes it hey you know how to
47:02
measure it because it's four thousand by
47:04
june uh you know the time bound the time
47:07
frame because of twelve months so four
47:09
thousand dollars over 490 pages 26 weeks
47:12
170 fortnight now if we've worked at our
47:14
budget or our money plan we can figure
47:16
out is that affordable if it is
47:18
brilliant if it isn't
47:20
then what we can do is there's two
47:23
things you can play around with is how
47:24
much you're going to spend
47:26
but also the time
47:28
maybe a trip to fiji next winter is a
47:30
bit out
47:32
but maybe the winter after some two
47:33
years time you can save up the money
47:36
and know that in two years time
47:39
i can get a trip to fiji with my family
47:42
and that's really awesome
47:43
and one other little tip as well if that
47:46
goal is a way off
47:48
try and break it down into small
47:51
small bites of the elephant so to speak
47:52
so if it's retirement at the time it
47:54
should go and you want to get to a magic
47:56
million dollars in the bank whatever it
47:57
is
47:58
um what's that going to look like after
48:00
every 12 months and then at the end of
48:03
12 months are you on track to get in
48:05
there and if you are give yourself a
48:06
small reward you know keep yourself
48:08
focused
48:09
um any other comments mate anybody feel
48:12
free to
48:13
do that um
48:15
what you've got on here
48:19
is an example of
48:21
putting things into a bit of an action
48:23
plan and you'll notice on the left hand
48:25
we've got short medium long
48:27
and after today's session i'll be like
48:29
right i'm going to mail these things uh
48:31
so this person will pay up their credit
48:32
card medium term
48:34
um save for a holiday and a longer term
48:37
save for the time so you know three kick
48:40
notes for three quick goals uh short
48:43
medium long and then also the actual
48:45
actions support that goal because it's
48:47
all very well put in gold place but what
48:49
are the things you need to do to make it
48:51
happen um so set up an automatic payment
48:54
for more than a minute paying off the
48:55
credit card so that will pay it off
48:56
quicker
48:58
setting up a holiday savings account so
48:59
keeping it separate from any other
49:01
things so you can see this little pot of
49:02
money just hopefully growing over time
49:05
and then last but not least saving up
49:07
the retirement if you're doing it 65
49:09
plus um bumping up into your savings but
49:12
we're going to talk about investments
49:13
later on this week
49:15
and a lot of people
49:16
do want to have alternatives to keeping
49:18
safe as well definitely use it where you
49:20
can
49:21
but then they want the flexibility of
49:23
retiring earlier if they want to on
49:25
their terms rather than waiting for the
49:26
kids
49:28
so i'm going to take you off to the
49:31
website again so under tools
49:34
just quickly show you this what are we
49:36
doing
49:37
nine minutes left that's pretty awesome
49:39
good for timing
49:40
um is the goal planner so under the tool
49:43
uh the sorted website funnel that
49:45
there's a goal planner um so
49:48
i'm just going to click on start your
49:49
plan
49:51
and you'll see here pick a goal add a
49:53
new one drag and drop
49:54
um drag a goal to edit to set its amount
49:57
um or delete to remove from your plan so
50:00
if i want to say holiday fund
50:04
you just i just drag click and drag the
50:06
bubble to edit and i'm going to save
50:08
four thousand dollars
50:13
so hey presto it's now got four thousand
50:15
dollars you can add
50:19
um
50:26
oh
50:27
that doesn't let you put too many levels
50:29
in um
50:32
150 bucks
50:33
probably not going to work because i put
50:34
a full stop i shouldn't do that
50:36
um so what you can see is once i've
50:38
entered that i'll make that a short term
50:40
goal
50:42
holiday fund medium
50:43
and retirement long term
50:46
and then now who anyone on this call
50:49
drink a v drink v
50:53
there's a really random question but
50:54
does anyone drink tea
50:57
but you were the year
51:00
coffee count yeah
51:01
same thing uh the only reason why i say
51:04
that oh yes there we go joshua's hit me
51:06
with yes another person give me a big
51:08
thumbs up um the reason i asked is you
51:11
wanna once you put these goals in here
51:13
you wanna hit the button make it happen
51:17
that's my v reference anyway moving on
51:20
um so the next thing that comes up um
51:27
um
51:28
is a basic breakdown so you've got short
51:30
medium and long-term goals and you'll
51:32
see here my chocolate money 150 bucks my
51:35
holiday fund 4 000 bucks and my
51:38
retirement fund
51:39
and the really cool thing is you can
51:41
print this out
51:42
just hit print page
51:44
if you've logged on you can save it
51:46
which is really cool
51:48
but two things is it gives you the tools
51:50
that you might want to try to try and
51:52
get that action plan
51:54
in place
51:55
and then also your guides to read so
51:58
you know it's not just about using the
52:00
tools and figuring out like oh that's
52:01
what i need to do it's also giving a
52:03
little bit of information almost like
52:04
let alone um financial advisor in the
52:07
background just sort of
52:08
guiding you forward so to speak um so
52:11
really simple easy tool to use
52:14
and
52:15
an easy way to
52:17
just sort of map out your goals
52:19
and print something out that you can put
52:21
on your bridge
52:23
so yeah hopefully we use that one as
52:25
well not both them purple again another
52:28
great tip for you all is to include your
52:30
partner um so you know if it's going to
52:34
be a family holiday uh at this stage of
52:36
things to waiheke island because it's
52:38
about as international as we can get in
52:40
auckland
52:41
um or even then that's probably not
52:43
allowed before
52:46
talk to them about your goals what you
52:48
want to achieve involve them um because
52:50
they can also be your cheerleader
52:53
or your advocate and then also they can
52:55
they can just help you keep focused for
52:57
those times when things get a little bit
52:58
tougher and they can just keep you on
53:00
track
53:01
um also you know if you're involved in
53:03
ie they're coming along on this trip
53:05
with you or buying the house whatever it
53:07
might be
53:08
um
53:09
it's exciting you've got somebody else
53:10
to talk there's a kindred spirit so to
53:12
speak so yeah all right what have we got
53:16
five minutes to go so
53:17
any potential barriers to
53:26
goals do you reckon
53:33
i'm
53:34
living in auckland uh vixx yes covert
53:37
cash flow having a big social life
53:40
yep yep uh bills bills bill bills girls
53:44
kind of break into a beyonce song then
53:46
it's shocking um
53:48
insurance uh unplanned emergencies yes
53:50
definitely ongoing bills life things
53:53
just pop up yes yeah life was happening
53:55
doing that doesn't it our time
53:57
commitment the mind yeah
54:00
definitely
54:01
hence my love for automatic payments and
54:03
keeping things automatic
54:05
just take that decision away from you
54:07
every fortnight unexpected costs loss of
54:09
income pay constraints over the next few
54:11
years yeah um a lot of employers out
54:14
there are sort of
54:15
trying to construct that to manage that
54:17
uncertainty so that can in turn create
54:20
uncertainty for our households a change
54:22
in circumstances limiting beliefs
54:24
unexpected expenses rules and regs over
54:27
home loans yeah well that's something
54:28
completely out of our control isn't it
54:31
but still can have a massive impact
54:33
um yes joyce the three year pay rate
54:35
here
54:37
so lots and lots of things that can
54:39
affect
54:40
our um
54:42
journey to achieving our goals but also
54:44
remembering as well that there's things
54:46
that we can influence um so you know
54:48
unexpected expenses so this afternoon
54:51
session we're talking about spending um
54:53
so we talk a little bit about you know
54:54
having an emergency from those sorts of
54:56
things
54:57
um
54:58
so things that we can control then
54:59
there's also stuff that we can't control
55:01
so
55:02
how the housing market behaves we can't
55:04
control what regulations come in to
55:06
limit
55:07
the i don't know the price increases we
55:09
can't control that so it's really
55:11
important to
55:14
keep focus keep on that journey and you
55:17
know if it requires an adjustment can
55:19
you adjust if you can adjust do it
55:21
quickly
55:22
and um you know strive for that new goal
55:24
as such
55:25
so i'm just going to show you quickly a
55:28
savings calculator i don't know
55:30
three tools in one day that's a lot
55:33
where are we savings calculator there we
55:34
go little piggyback
55:36
um so this is just a quick and easy way
55:39
to get through it as such but really
55:41
really easy to use
55:43
and it gives you either i want to say a
55:45
regular amount so if you've worked out
55:47
you've got an extra 100 bucks fortnight
55:49
you don't know what to do with
55:50
and you know if you want to save that up
55:53
then you can work out and hear what that
55:55
can build up to 100 bucks every payday
55:57
for the next five years
55:58
um or you click on for a goal you can
56:02
actually break down okay if i'm buying
56:04
looking at buying a house and i need a
56:06
hundred thousand dollar
56:08
deposit uh potential stocks in there
56:10
again
56:11
um and i want to buy the house and i
56:14
don't know let's say
56:20
the 1st of february 2024
56:24
and i'm saying 15 000 already
56:28
you can see very quickly it tells you
56:30
okay in two years time i know it's a bit
56:31
short um you need to save 659 per week
56:35
um it won't tell you any of the
56:37
compounding growth because the time's
56:38
too short i've only kept the interest
56:39
rate at 2
56:41
but it's just a quick and easy
56:42
calculator that you can use to
56:45
help
56:46
sort of put the meat on the bone so to
56:48
speak if you're looking at doing some
56:50
goal planning
56:51
all right so
56:52
in summary with a minute sphere love it
56:56
knowing who we are as people knowing our
56:58
money minds so to speak so doing that
56:59
money personality because we've got a
57:01
long way to thinking
57:04
that's why um setting some goals so if
57:07
you've never done it before just just
57:08
set a small goal you know between now
57:11
and payday um
57:13
i know just a financial goal if you've
57:15
never done one before it can be a little
57:16
bit like
57:17
a start so just start on something small
57:19
and then start filling it out to bigger
57:21
bigger goals and then last but not least
57:23
really just get started get out there do
57:26
it
57:27
make things happen so to speak
57:29
um
57:30
so yeah so thank you for listening this
57:32
is our first uh session so if you order
57:34
to you all thank you um i'm just gonna
57:37
switch off the recording now and mark's
57:39
going to have a quick word as well
57:41
and then feel free to
57:43
chuck any questions through
57:46
and
57:47
stop recording