It's No Secret

Kernel

It’s No Secret is a podcast for Kiwis who want their money questions answered.

Are you wondering when the right time to get on the property ladder, whether you should invest with family or how to talk to your significant other about investing and budgeting?

If yes, you’re in the right place. Join the Kernel team, alongside some special guests, as they take you through the ins and outs of all things finance, money, property, investing and building wealth so you can move towards achieving financial freedom.

Each Wednesday, we’ll release one episode that answers a specific money question.

No long ramblings and no financial jargon. Investing hacks, budgeting tips, and financial freedom are included.

You’ll be left feeling inspired, relieved and ready to take the next step in your financial journey.

Happy listening!

Submit a money question or get in touch at our Instagram @itsnosecretnz

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Top 10 It's No Secret Episodes

Goodpods has curated a list of the 10 best It's No Secret episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to It's No Secret for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite It's No Secret episode by adding your comments to the episode page.

28. Why Does Your Mindset Around Money Matter So Much?

It's No Secret

11/08/21 • 30 min

Often we talk about wanting to achieve financial freedom, how to budget, invest and grow our money but this topic of changing our mindset around money can be forgotten. But, how we think about money determines the role it has in our lives. Our purpose and the "why" behind our money can directly influence the 'how'.

This is a topic that we're both particularly passionate about and have spoken a lot about on the podcast - most recently in our money moments episode with Briony McKenzie - so we thought we'd unpack it even further.
In this episode we cover:

What is a money mindset
Scarcity vs Abundance mindsets and how relate to your money
Christine & Cat’s money mindsets and how they play out in their relationships
How Cat’s value of fairness translated through to her decision to book a luxury hotel
Where we get our money beliefs from
How spending in line with your values links to an abundance mindset
Why Christine uses affirmations to try to shift her mindset to being from a place of abundance
Tips for changing your money mindset from scarcity to abundance
How holding people in the same light when it comes to their money mindset isn’t necessarily helpful

...And there's lots more goodness in there, so get listening now.
Check out our website and show notes at www.itsnosecret.co.nz/28

If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.
SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify
Follow us for fun chat & financial tidbits on IG: @itsnosecretnz
Got questions? Get in touch: www.itsnosecret.co.nz
Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.
Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

18. Why Is Sticking To A Budget So Darn Hard?

It's No Secret

08/30/21 • 37 min

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

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

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

What's in the episode?

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

Specifically, we cover:

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

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

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Money Moments: Chanel Clark - Building a Career, Starting a Business & Mental Health

It's No Secret

02/27/24 • 93 min

Today we’re back with another Money Moments episode, where we chat to real Kiwis about their experience with money.

In this episode, we’re joined by Chanel Clark, marketing extraordinaire and North Shore local. Chanel has recently transitioned from being a full-time employee to starting and running her own business AND is also looking to move overseas in the near future.
So we have lots to talk about in today’s ep, let’s get stuck in.
Specifically, we chat about:

What her relationship with money was like growing up
Why she ended up with a ~100k student loan
Her experience navigating her way through the marketing industry and rebounding from redundancies
How she tripled her salary by doubling down on her marketing skills and starting a business
What's next for her career and where she wants to go

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

59. How to Invest for Your Family

It's No Secret

06/20/23 • 71 min

Recently, Kernel hosted an event in collaboration with Lighthouse Financial, Haigh Lyon, and Edwards & Co. all about the exciting world of investing for your family. And one of the panellists in this event actually happens to be our very own co-host, Cat!
Tune into this special episode as Cat adds her unique insights on how parents can set their families up for success. We were also lucky to have James Blair, the Wealth Director at Lighthouse Financial, and Shaun McGivern, the Principal Lawyer at Haigh Lyon, sharing their expert insights too.

Specifically, we speak about:

Why investing in a will is incredibly important for your children and loved ones, especially if something unexpected happens
Ways for parents to encourage great money habits for their kids through using investing accounts and rewarding good money behaviours
The importance of transparency with finances when it comes to your kids during good times and bad
Why using simple money habits such as starting early and consistently can really go a long way when it comes to creating wealth for your family
A few ideas and scenarios that you can think about when it comes to protecting and managing your wealth

Learn more from our partners:

Lighthouse Financial: https://lighthousefinancial.co.nz/contact-us/
Haigh Lyon Lawyers: https://haighlyon.co.nz/contact
Edwards and Co: https://edwardsandco.nz/products/olive

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Summer Series: Why Is Money Such a Driving Factor in Our Careers?

It's No Secret

01/26/22 • 22 min

Hello and welcome back to It's No Secret! Today on the podcast we're bringing you the second of six bonus episodes, as part of our summer podcast series.
The summer series is dedicated to looking back at our most popular episodes of 2021 and sharing our favourite golden nuggets.
This week, we're chatting about Money and Career - how we intertwine our job titles and salary with our self worth, why our happiness tends to diminish the more money you make, tips for changing industries and navigating taking a step back financially and more.
As you'll hear in the episode, we're starting our Summer Series giveaway this week, with the first being a 1:1 career coaching session with Rosey Nathan, host of the Rosey on Recruitment Podcast and Senior Sourcing Specialist at Customise Talent Group. To enter, head to our Instagram, @itsnosecretnz.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Money Moments: Josh Storey, Farm Ownership, Farming Careers & Managing Employees

It's No Secret

07/11/22 • 42 min

Today on the podcast we're chatting with Josh Storey, farmer and Kernel investor.

Starting his money journey young, selling chicken eggs from the farm, Josh is now investing his way towards farm ownership - no easy feat in our eyes.
In this podcast, we dig into how Josh is working towards this big goal, and how his money journey to date has shaped the way he's approaching it.
Specifically we chat about:

The financial goal of dairy farm ownership, and how you get there
Josh's experience investing in shares and index funds
The financial side of a career in farming - starting salaries, career progression and more
Combining finances and financial goals with your partner
Making money in farming and how to calculate your ROI on farming assets (i.e. cows)
Large amounts of debt that comes with buying a farm, and how that can impact mental health
Managing the fluctuations of the dairy industry pricing

Please note: this episode was recorded a wee while back, so bear that in mind when listening.
Keen to share your story on a Money Moments episode? Get in touch via:
https://itsnosecret.co.nz/

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

31: Part 2: Is Insurance a Waste of Time and Money?

It's No Secret

12/06/21 • 38 min

Today on the podcast we're back for part two of our insurance series. If you haven't listened to part one, stop right now and go back to our previous episode. It's one not to miss. This podcast will also make a lot more sense after listening to the first one too!
Insurance is one of those things that deep down, you know it's important to have but perhaps don't realise the value of it until it's too late. These days, it feels like there is an insurance policy for everything - income protection, life, health, contents, car, house, travel...the list goes on.

So how do we decide which ones are most important to pay for? Should we have them all? Which ones do we actually need? Is it a waste of time and money? Let's dig in.
In this episode we chat about:

Where to start with insurance, and how to figure out which insurances you need
Why trauma cover is the most expensive type of insurance
The 101 of trauma cover, income protection and health insurance
Questions to ask yourself to figure out whether you need life insurance
Who life insurance is for, and why you would take a policy out
Figuring out the sum to insure for with life insurance
Total impermanent disability (TPD) and how this works with income protection insurance
How to calculate how much of a lump sum to insure for with TPD insurance
How income protection works when mental illness comes in
The benefits of insurance advisers, and how fees come into play
Whether it's necessary to get a will pre-marriage

Join the conversation @itsnosecretnz
Check out our website and show notes at www.itsnosecret.co.nz/31

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

11. How Much Financial Planning Is...Too Much?

It's No Secret

05/03/21 • 23 min

Hello! In today's episode we are answering the question of...
HOW MUCH FINANCIAL PLANNING IS TOO MUCH FINANCIAL PLANNING?

We all have different levels of financial planning we like to do. Some like to get knee deep in the excel spreadsheets and others avoid it like the plague. So which one are you? And is there a balance we can strike between having clarity over our finances by planning, and over-planning then scaring ourselves out of ever looking at a spreadsheet again?

Let's discuss.

In this episode we cover:

How having clarity over our finances can benefit us in many aspects of our lives
Whether your money habits change the wealthier you become
What financial planning actually IS and whether it's something you can effectively do alone
The value of a good spreadsheet to crunch some numbers, and the downstairs of getting too involved
The difference between day to day money management and financial planning
Ideas to improve your financial planning skills
What a financial planner actually does, how you can find one, when you should consider using a financial adviser and how much you can expect to pay them

If you're keen to check out more head to https://itsnosecret.co.nz/11

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

98. How to Financially Thrive Throughout the Holidays

It's No Secret

12/03/24 • 38 min

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 2023
NZ Herald Holiday Retail Report
RNZ Christmas Shopping Analysis

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

78. Public Schools VS Private Schools

It's No Secret

06/11/24 • 36 min

Today we’ll be chatting about whether private schools are “worth” the investment.

We'll look at both the cost of sending your children to private school vs public, and weigh up some potential pros and cons of doing so.

Disclaimer: the school you send your child to is very personal to your family, the child and your financial situation. This is not for us to tell you what to do, nor is this to enforce our views, but more to shed light on factors that might sway you from a financial standpoint.
Specifically, we chat about:

What is the most expensive private school in NZ
How free is it *really* to go to a public school
The average costs of each option and how much you may end up spending through years 9-13
Outside factors to consider such as connections, class sizes and quality of learning

And much more!
Resources:

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

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FAQ

How many episodes does It's No Secret have?

It's No Secret currently has 170 episodes available.

What topics does It's No Secret cover?

The podcast is about Budgeting, Personal Growth, Property, Investing, Money, Personal Development, Career Development, Podcasts, Financial Freedom, Self-Improvement, Education and Business.

What is the most popular episode on It's No Secret?

The episode title '72. Friends & Money: Does Money Affect Friendships?' is the most popular.

What is the average episode length on It's No Secret?

The average episode length on It's No Secret is 37 minutes.

How often are episodes of It's No Secret released?

Episodes of It's No Secret are typically released every 7 days.

When was the first episode of It's No Secret?

The first episode of It's No Secret was released on Mar 1, 2021.

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It's No Secret

Kernel

Top 10 It's No Secret Episodes

FAQ

How many episodes does It's No Secret have?

What topics does It's No Secret cover?

What is the most popular episode on It's No Secret?

What is the average episode length on It's No Secret?

How often are episodes of It's No Secret released?

When was the first episode of It's No Secret?

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