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

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

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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

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

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.

Previous Episode

10. Part 2: How Do I Start Investing in the Share Markets?

Hi friends, today on the show we are tackling part two of the question...
HOW, WHY AND WHEN SHOULD I START INVESTING IN THE SHARE MARKETS?
If you haven't listened to part 1 of this episode, stop and go back to listen now. In this episode Cat and Christine continue the conversation around getting started with investing, including how they both got started and what they're investing in now. Let's dive in.
What's in the episode?

This is part two of the 101 of investing in the share markets. We explain the what, why, where and the how...as well making a commitment to de-jargon any finance lingo that we come across during the discussion.

Specifically, we cover:

How much money you need to get started investing in shares
How best to invest a lump sum
Whether you need to have an auto-investment plan
If paying yourself first is the key to financial success
How to assess the performance of your portfolio and benchmark your success
How Cat + Christine started investing and some of the mistakes they made along the way

So whether you consider yourself a total investing newbie or a shares old-timer, grab a coffee, hit the gym or start your commute and enjoy today's discussion.
If you're keen to check out more head to https://itsnosecret.co.nz/10

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

Next Episode

undefined - Bonus Episode: Money Moments with Armin Svoboda - Money Management, Investing in Shares, Cryptocurrency and Property & Money in a Relationship

Bonus Episode: Money Moments with Armin Svoboda - Money Management, Investing in Shares, Cryptocurrency and Property & Money in a Relationship

Hello and Happy Friyay! Here’s to a beautiful weekend full of lots of podcast listening. To kick the weekend off, we’re back with another Money Moments bonus episode; where we chat to real Kiwis about their experiences with money.

Today we're joined by Armin Svoboda, Head of Digital at Kernel, and previous semi-professional rower.

From a young age, Armin has had a keen interest in business and finance, which was is what led him to start investing in the share markets, start a side hustle and dabble in crypto.

In this episode, Armin shares:

How his father’s continuous prompting to read the business section of the news sparked his interest in finance and business
Why it’s so important to find a money partner in life
What it’s like to combine finances in a relationship, especially when you’re bringing debt to the table
How, as athletes, Armin and his fiancé managed to live off $20k per year
How they manage their money using the Barefoot Investor’s bucket system
Why he chooses to invest in crypto with his “play money”
The realities of owning a home in this current housing market, and why upsizing has led him to reflect on his initial property purchase

...and lots more good stuff.

We hope you enjoy this conversation as much as we did! It’s a goodie.

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