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Home > NZ Guide to Financial Freedom > Is It Too Late For Property?
Podcast: NZ Guide to Financial Freedom
Episode:

Is It Too Late For Property?
Category: Business
Duration: 00:12:01
Publish Date: 2021-05-06 14:00:00
Description: Quick Fire Finance Of The Day: "I am 48 and having recently divorced, I’m starting over. My husband and I owned no property together, so there were no assets to divide. I’m now starting from basically nothing and contemplating how to build a financial future. To that end, I am on my way to saving $50,000 within the next two years. I am also in KiwiSaver and have minimal personal debt. Should I use my savings plus my KiwiSaver (which I believe I can do as I’m starting over on my own) as a deposit on a house? Or is it better to forget that idea (I live in Auckland) and keep the money in KiwiSaver, and use the savings to grow a bit of wealth some other way? I’m aware that if I use my KiwiSaver (currently sitting at about $50,000) it’ll go back to zero and I’ll have to build it up again, which might not be smart at my age. On the other hand I am in stable, well-paid employment and I plan to keep working as long as I can — at least another 20 years. The idea of owning my own small house or apartment has a lot of appeal, but would it be the most sensible use of my hard-earned savings?" If you're wanting your question answered on the podcast email me at ryan@oneplan.co.nz, send a voice message below or capitalise on our free online tools and advice: Book A Free Appointment With Us                      Get A Free Book and Subscription To Ryan's Weekly Newsletter                       Find Ryan On Social Media                       Have Your Podcast and Audiobook Edited by NZ Audio Editors. Come To Our Next Business Strategy, Innovation & Leadership Event
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