Search

Home > NZ Guide to Financial Freedom > Quick Fire Finance - To Property Or Not To Property? / Greg Moyle
Podcast: NZ Guide to Financial Freedom
Episode:

Quick Fire Finance - To Property Or Not To Property? / Greg Moyle
Category: Business
Duration: 00:06:40
Publish Date: 2020-10-22 13:00:00
Description:

Quick Fire Question Of The Day:

"I am 40 this year, a single mum with young kids and have been bad with money until three years ago.

Since then, I have invested in KiwiSaver and in two ETFs (exchange traded funds), one international and the other local. With a frugal lifestyle for the last three years and these investments I have managed to save about 5 per cent for a $750,000 house.

I am based in Auckland and unlikely to move as my current employment pays me well. I rent a small place to save, but as my kids grow up I am thinking of a bigger place.

With my current age, I feel less confident in securing a house while saving for my retirement and my children’s future. Should I still try to save for a house, or should I just find a bigger place to rent and save for retirement and my kids’ education?"

Source: NZ Herald 29 August 2020 

Once again for those wanting their 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:
Total Play: 0