It's No Secret

Today we're tackling a crucial but often overlooked topic: how to calculate your life insurance needs. With recent FSC research showing only 20% of New Zealanders have income protection insurance, we'll break down the essentials of personal insurance and help you figure out exactly how much coverage you need.Key Questions Discussed:What are the different types of life insurance available?How do you calculate your ideal coverage amount?What's the difference between stepped and level premiums?Do couples need individual or joint policies?What are common insurance policy exclusions?and much more!Key References:Financial Services Council (FSC) 2023 ResearchMoneyHub Insurance CalculatorIf you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - SpotifyFollow us for fun chat & financial tidbits on IG: @itsnosecretnzGot questions? Get in touch: www.itsnosecret.co.nz Disclaimer:Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing.

In this Money Moments episode we're joined by Jason Leong, CEO and Co-Founder of PocketSmith. From humble beginnings to leading a global fintech company serving customers in 190 countries, Jason shares his money journey and the story behind PocketSmith's growth.Specifically, we chat about:What shaped Jason's relationship with money and financial habits?Why PocketSmith chose sustainable growth over rapid scalingHow PocketSmith manages a remote team across New Zealand and embraces individuality within a teamWhat challenges come with serving customers across different financial systems?How open banking will change personal finance in NZ Plus plenty more! If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - SpotifyFollow us for fun chat & financial tidbits on IG: @itsnosecretnzGot questions? Get in touch: www.itsnosecret.co.nz Disclaimer:Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing.

How much money do you really need to retire? In this eye-opening episode, we break down the real numbers behind retirement planning in New Zealand. With recent Retirement Commission research showing that 65% of people over 55 have no concrete retirement plan, we'll help you understand what you need and how to get there.Key Questions Discussed:What's the difference between a 'no frills' and 'choices' retirement?How much does NZ Super actually provide?What are the current retirement savings targets for different lifestyles?How do you calculate your personal retirement number?What role does KiwiSaver play in retirement planning?How do living costs affect retirement savings goals?What common retirement planning mistakes should you avoid?Is it ever too early to start planning for retirement?Key References:Massey University 2023 Retirement ReportTe Ara Ahunga Ora Retirement Commission Research 2022Stats NZ Income Data (June 2024 quarter)NZ Super Rates 2024Sorted.org.nz Retirement CalculatorIf you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - SpotifyFollow us for fun chat & financial tidbits on IG: @itsnosecretnzGot questions? Get in touch: www.itsnosecret.co.nz Disclaimer:Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing.

Today, we're discussing how to break up financially—not just with a significant other.Breakups are challenging, and they aren't limited to romantic relationships. Whether you're parting ways with a service provider like a personal trainer or financial adviser, or even becoming financially independent from your parents, there are strategies to help ease the transition and handle the situation effectively.Key Questions Discussed:How do you professionally end financial relationships with service providers?What steps should you take before making a financial break?What are your legal rights regarding relationship property in NZ?How can you prepare financially for a relationship separation?What common mistakes should you avoid during financial separations?How can you maintain financial independence in relationships?ResourcesLearn more about Relationship Property hereIndependent UK ArticleTe Ara Ahunga Ora Retirement CommissionIf you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - SpotifyFollow us for fun chat & financial tidbits on IG: @itsnosecretnzGot questions? Get in touch: www.itsnosecret.co.nz Disclaimer:Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing.