All in Personal Finance

100. A Solo Journey to Financial Independence

100. A Solo Journey to Financial Independence

Ruth
Money Journey, Personal Finance, Podcast, PocketSmith

MONEY JOURNEY

In mid-October 2024, I brewed a coffee, sat down, and gave Poto a call. She’s been a long-time listener of the podcast, drawing on insights from past guests to help guide her decisions over the years. She had been heading down a few avenues that didn’t sit quite right with her and backing out to take another path, but steadily, she tracked towards the FI (Financial Independence) community and a more simple path to wealth. With dedication and mahi, she’s reached a point of financial independence—and today, she’s here to share her story.

99. Work, Life, Balance: With Plenty of Free Time!

99. Work, Life, Balance: With Plenty of Free Time!

Ruth
Money Journey, Personal Finance, Podcast, PocketSmith

MONEY JOURNEY

Rob, a 33-year-old plumber from Western Australia, took a little persuading to come on my podcast, but I persisted because I knew enough about him to know that his personal finance story is one that many of us will be able to relate to and draw ideas from. Rob is essentially financially independent, working just a quarter of the year, and he recently hosted Tribe FI, a personal finance retreat. In this episode, I delve into Rob’s journey to financial independence and what inspired him to create a space for like-minded people to connect.

98. Life and times of a property investor, turned global traveller.

98. Life and times of a property investor, turned global traveller.

Ruth
Money Journey, Personal Finance, Podcast, PocketSmith

MONEY JOURNEY

In today's episode, I will be sharing Jack's financial journey. Jack found The Happy Saver when he was searching for podcasts on money. As an investor in rental property, he was looking to learn about shares. As you’ll find out shortly, he leads an interesting life. When we chatted for this podcast, he was sitting in San Fransisco, having just had many months overseas and was getting ready to board a three-week cruise to bring him back home to Aotearoa. 

97. Revisit with Chris and Rosemary: These two are not mucking around!

97. Revisit with Chris and Rosemary: These two are not mucking around!

Ruth
Money Journey, Personal Finance, Podcast, PocketSmith

MONEY JOURNEY

Today’s episode is an update on North Island couple Chris and Rosemary. Their first episode came out in March 2021 — it was episode number 49. Since then, we’ve kept in touch, and today’s episode is an update on where this couple are now, in terms of both money and life. It’s safe to say they have absolutely transformed their situation. They’ve both utterly transformed their financial lives, embarking on a new journey toward financial independence. Today’s update won’t disappoint — these two are not mucking around.

96. Reality Check

96. Reality Check

Ruth
Money Journey, Personal Finance, Podcast, PocketSmith

MONEY JOURNEY

Today's episode began with an email from a Kiwi couple in their mid-40s. Tokyo reached out just before Christmas 2023, sharing how a sinking fund she started nearly a year ago was making her happy amidst a tough financial year. They were considering a $15,000 mortgage top-up to cover a tough financial year. But Tokyo wanted to know if there was a better way. Of course, there is another option. I hit reply to her email and proceeded to throw the cat amongst the pigeons.

94. Continuous Improvement

94. Continuous Improvement

Ruth
Money Journey, Personal Finance, Podcast, PocketSmith

MONEY JOURNEY

Ruby first emailed me with a couple of questions in October 2022. She’d recently signed up with Sharesies and wondered where to start, and she had a question about her KiwiSaver. While at home with two young tamariki, she realised she could voluntarily contribute to her account even when not in paid work. Taking a moment to think about investing made her start digging around for more information about her money, leading her to seek more information. Now 34, with her husband Tim, 38, they live in rural Canterbury with their two preschool children. I think their journey is typical of a lot of Kiwis, and what I particularly like is that they continue to adjust their financial course as new information comes to light.

Part 6: INVESTING

Part 6: INVESTING

Ruth
Personal Finance, Podcast, PocketSmith, FI SERIES, Financial Independence

FI SERIES

Investing can be incredibly complex, but I found a way to simplify it. I used to feel overwhelmed by the options available, but now I don't. I’m hoping to help you feel the same way. The Happy Saver was born out of my search for information about what I could invest our money in. It took me years to arrive at our current strategy. I don’t want you to take so long to settle on your own strategy. We had some margin in our budget, and I was looking for something to make us money. Ultimately, I finally found good information, which I want to share today.

Part 5: DEBT FREE

Part 5: DEBT FREE

Ruth
Personal Finance, Podcast, PocketSmith, FI SERIES, Financial Independence

FI SERIES

Get out of debt, and stay out of debt. I think of debt as a phase of life that I moved through. That period has passed, and I’ve moved on. Jonny and I have been entirely debt-free since our early 30s, and I encourage you to head down the debt-free path as well. Debt has always had an ‘ick’ factor for me, a feeling I am grateful for. There has never been a day that we regretted becoming permanently debt-free. We never have to seek the bank's opinion about our financial decisions again.

Part 4: KIWISAVER

Part 4: KIWISAVER

Ruth
Personal Finance, Podcast, PocketSmith, FI SERIES, Financial Independence

FI SERIES

Joining KiwiSaver is a no-brainer, and it still surprises me when I meet people who are not in it. I’m always looking ahead and doing my best to determine what I might need money for and how much I might need. I keep my ear to the ground about how affordable retirement is for New Zealanders. I talk to people over 65 and ask them what advice they would give me about financially preparing for retirement. Then I ask myself if, on my current trajectory, I’m heading in the right direction.

Part 3: EMERGENCY FUND

Part 3: EMERGENCY FUND

Ruth
Personal Finance, Podcast, PocketSmith, FI SERIES, Financial Independence

FI SERIES

The best thing I ever did was set some cash into a bank account, which we could instantly access in a financial emergency. It is an amount of money set aside in a specific bank account to be used for bailing myself out if something happens that I didn’t otherwise plan for, but I need money to pay for. Try as I might, I can’t think of everything. Your emergency fund covers the things you forgot despite your best intentions.

Part 2: BUDGET

Part 2: BUDGET

Ruth
Personal Finance, Podcast, PocketSmith, FI SERIES, Financial Independence

FI SERIES

In the first episode in this series of six, I quickly showed you how to calculate your net worth. Today, I want to explain why you need to keep an eye on how and where you earn and spend your money, i.e., budgeting. When you learn to budget, your net worth will begin to increase. Budgeting is simply making a plan for your pūtea (money). If you want to grow your wealth, you must do what wealthy people do. And they know how much they earn and spend. So, I’m sorry, there are no shortcuts here. Most will come to enjoy it as I do, simply because it gives me a feeling of control over my life and removes any anxiety around my pūtea. But for some of you, it will always be a chore. So be it! Do it anyway.

Part 1: NET WORTH

Part 1: NET WORTH

Ruth
Personal Finance, Podcast, PocketSmith, FI SERIES, Financial Independence

FI SERIES

Welcome to the first episode in a short six-part Financial Independence Series. Part 1 focuses on ‘Net Worth’. How much wealth do you have right now? If you added it all up and subtracted what you owe, what are you worth? This can be daunting if you’ve never thought about it. However, the objective is not to objectify wealth; it’s to create a level of wealth that makes you feel comfortable and in control of your present and future.

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