It's No Secret

Can your mindset make you richer? Today we explore how your thought patterns influence your financial life, inspired by fascinating research showing positive mindsets can add years to your life. We'll dive into how shifting from scarcity to abundance thinking could transform your financial future.Key Questions Discussed:What's the difference between scarcity and abundance mindsets?How do thought patterns affect financial decisions?What practical steps can you take to shift your mindset?Why is visualization important for financial goals?and much 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.Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

In this Q&A episode, we tackle a common concern about the Kernel Global 100 fund: concentration risk. With just 10 companies making up over 58% of the fund*, we'll explore whether this concentration is a feature or a bug of market-weighted indices.Specifically, we chat about:What is market-weighted indexing?How does equal-weighted indexing differ?What are the advantages and disadvantages of concentration?What risks should investors consider?Why do some companies dominate the index?When might concentration be beneficial?As at 30 October 2024.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.Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

The holiday season is here, and with it comes increased spending pressure. With recent Worldline data showing Kiwis spent $2.65 billion in just the first three weeks of December, we're diving into how to navigate this expensive period without breaking the bank.Key Questions Discussed:What's a reasonable budget for Christmas gifts?How can you plan for holiday expenses?What are smart alternatives to traditional gift-giving?How do you manage social expectations during the holidays?What free or low-cost summer activities can you enjoy?How do you track spending during the festive season?When should you start saving for the holidays?How do you say no to expensive holiday plans?Key References:Worldline Consumer Spending Data 2023NZ Herald Holiday Retail ReportRNZ Christmas Shopping AnalysisIf 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.Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

Is the grass really greener (and cheaper) in the countryside? Today we're exploring the financial reality of city versus country living in New Zealand. With Auckland's median house price at $970,000, we'll investigate whether moving to regions like Gore, where houses trade around $400,000, could be your ticket to mortgage-free living.Key Questions Discussed:What are the current house prices across NZ's main centres?Which NZ towns offer homes under $500,000?How do job opportunities compare between city and country?What are the hidden costs of regional living?How do income levels vary between urban and rural areas?What lifestyle factors should you consider before moving?Is mortgage-free living worth the lifestyle change?How accessible are essential services in regional areas?Key References:OneRoof Property Data 2024Stats NZ Census 2018Regional Council District ReportsCouple use their Auckland deposit to buy house in Gore mortgage-freeIf 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.Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz