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

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/

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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

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

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.

Previous Episode

35. What Does it Actually Mean to Create a Passive Income?

Passive income is often over-glamorised on social media as the thing that millennials and Gen Z’ers rely on to get them to their dream lifestyle or financial freedom.

But what does it actually mean to have a passive income? And how does one get to the point of living off it?

In today's episode Cat and Christine discuss exactly this. They chat about how there isn't a right or wrong way to create passive income and how it might fit into the way you approach your finances.

Specifically, they cover:

What a passive income is, and where the misconceptions lie
Why renting out your property ISN'T passive income
The realities of what it takes to create a passive income (i.e. a large principle sum to generate income off of)
Side hustles vs passive income - whether there's a difference
Dividends as a form of passive income
Investing in growth assets to get to generate a passive income later in life
Cat & Christine's personal experience with passive incomes (and why they won't be trying to generate one any time soon)

...And much more, there's lots more goodness in there, so get listening now.
Check out our website and show notes at www.itsnosecret.co.nz/35

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

36. Part 1: How to Budget For a Baby

Just in case you missed it, Cat is having a baby! With this in mind, we're talking about all things kids and how you can financially plan ahead for the journey to parenthood.
So, strap in and grab your notebooks as we talk through the first part of how you can budget for a baby.
Please note: this episode was recorded a wee while back, however, the information is still relevant and applicable to you if you're having a baby.
Specifically, we cover:

Common societal beliefs when it comes to starting a family.
Everything Cat considered when she was planning for her baby.
What it's like to be pregnant and maternity in general - does it cost a lot more to be pregnant? What about the costs to concieve?
Cat's process for budgeting ahead and what her budget looks like now with a baby.
Weighing up getting childcare vs staying at home with your new child.
Tips and tricks to get yourself in the best financial position to have children.

...And there's lots more goodness in there, so get listening now!
Check out our website and show notes at www.itsnosecret.co.nz/36

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