Cooking The Books

  • Autor: Vários
  • Narrador: Vários
  • Editor: Podcast
  • Duración: 161:19:44
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Sinopsis

Each week the New Zealand Herald and Newstalk ZB's Cooking the Books tackles a different money problem. Hosted by Frances Cook.

Episodios

  • What happens to your KiwiSaver if you die? Your KiwiSaver questions answered, part two

    28/08/2022 Duración: 39min

    Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's part two of listener questions about KiwiSaver. Hosted by Frances Cook. KiwiSaver has to be one of the areas where people send me the most questions, and for good reason.  It’s easy to build up a big chunk of cash in there, and there pressure is on to make sure that you’re handling it right.  So I put the call out for people to send me their burning KiwiSaver questions, and was flooded with your queries.  In part one, we talked about everything from whether KiwiSaver is worth it, how to pick the right fund, and why on earth your balance has been bouncing around so much lately.  Now, on to part two – how much should you put into KiwiSaver, what happens if you die or get divorced, and can the Government be trusted with your money?  For this podcast, I talked to Dr Claire Matthews, associate professor from Massey Business School. If you have a question about this podcast, or a question you'd like a

  • Your KiwiSaver questions answered, part one

    21/08/2022 Duración: 42min

    Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's listener questions about KiwiSaver. Hosted by Frances Cook. KiwiSaver is a funny old thing. You tick yes on a box when you sign up to a job, start chucking some money in with each pay, and after a few years you notice to your surprise that you've built up tens of thousands of dollars.  It builds up quickly, which is great for our financial future, but can also be worrying when we're not used to having a nest egg this big.  For many New Zealanders, they hope their KiwiSaver will be a ticket into their first home, or it's their first experience of investing.  The rules can be confusing though, and there are different ways of running your KiwiSaver to make sure that you're getting the most out of it.  So I put out the invite – what are the questions you want answered about your KiwiSaver? The responses flooded in, and frankly, there was too much for just one episode.  So here's part one of answerin

  • How to take advantage of The Great Resignation, and get a pay rise

    14/08/2022 Duración: 32min

    Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's how to get a raise. Hosted by Frances Cook. Your job is one of the first and biggest investments you make in your money future.  Before you can save, invest, buy a house, or whatever else, you need money coming in to dedicate to your goals.  Of course, the more money you have coming in, the more you can dedicate to your various goals and the faster you can achieve them.  So it's an interesting time for workers at the moment. The latest unemployment figures from StatsNZ show that we're sitting at a very low 3.3%. Many businesses are struggling to find enough people to get the work done, which means workers have the power for once.  They have the opportunity to ask for more money, or even look for a new job with better perks and conditions.  So if that's what you want, how do you get the ball rolling, and how much time do you have to get this done?  For the latest podcast I talked to Jason Ennor,

  • The pitfalls DIY investors need to avoid

    07/08/2022 Duración: 33min

    Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's strategies to help out DIY investors. Hosted by Frances Cook. One of the big trends of the last few years has been people trying out shares investing by themselves.  Let's declare upfront, overall I'm a big fan of this.  That people can now build their wealth and plan for the future by just logging into a website and putting in a few bucks is fantastic, and creates the opportunity for more people to have financial security.  But every silver lining does have a cloud, and there can be downsides to this trend too.  If you want to be a smart investor it helps to know the pitfalls ahead of time, so that you can avoid them.  For the latest podcast I talked to InvestNow founder and managing director, Anthony Edmonds. If you have a question about this podcast, or a question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here,  Instagram here, and Twitter here See om

  • How to stop buy now, pay later, unexpectedly trapping you in debt

    31/07/2022 Duración: 25min

    Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's how to stop debt becoming a problem. Hosted by Frances Cook. Debt is one of those things that quite quickly becomes overwhelming.  You start off with getting a few extra things on credit, but get behind on the payments. Soon the fees and interest are spiralling, and making you feel like you'll never get it paid off again.  In the last few years increasing numbers of people are getting caught out on buy now, pay later schemes like AfterPay, Zip and LayBuy.  Buy now, pay later is deceptively dangerous, because it's less regulated.  That's right, there are lots of rules on your credit card, where the company has to check you can afford the debt you're taking on, and not sting you with fees that are unreasonable.  But buy now, pay later has no such restriction. So increasing numbers of people are finding themselves in a hole, when $20 here and $20 there suddenly adds up to hundreds more than they ha

  • How to spot greenwashing in your investments

    24/07/2022 Duración: 36min

    Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's how to avoid getting tricked by dodgy "ethical investing" claims. Hosted by Frances Cook. Kermit the frog taught us that it's not easy being green, and boy was he right.  The ethical investing sector is booming, and many investors say it's important to them that their money is going into companies doing the right thing.  A recent survey by Mindful Money found 73% of New Zealanders want their funds to be invested responsibly, and 56% say they would consider switching KiwiSaver funds to avoid irresponsible companies.  Unfortunately greenwashing is rife, with many companies and even investment funds trying to claim socially responsible credentials, without having put in the work.  It is an area that the money police are keeping an eye on, with the Financial Markets Authority and New Zealand Stock Exchange saying it's a key focus, while Australian watchdogs including the Securities and Investments C

  • Why talking about money is so hard

    17/07/2022 Duración: 39min

    Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's how to get on the same financial page with your partner. Hosted by Frances Cook. They say that sunlight is the best disinfectant, but one of the most shadowy areas of our lives is also one of the most important – money.  It's something that most of us don't like to talk about, even with those we live and share our lives with.  Perhaps that's not surprising, when it's a touchy subject for many of us, and that means the conversation can get heated.  But not talking about it only means any problems continue to grow, unaddressed.  Getting on the same page with your partner is really important, as two of you working towards the same goals can get you there a lot faster.  If you're not working together, it can be impossible to get anything done.  So happily researchers have been beavering away on this topic, and giving us a roadmap to have these conversations in a better way.  For the latest podcast,

  • Is the housing market really about to crash?

    10/07/2022 Duración: 25min

    Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's what's the truth behind the fear in the housing market. Hosted by Frances Cook. There's nothing like the housing market to make us a bit hysterical.  That's partly because it's such a mix of money and security.  People are keen to own their own home not only to get it paid off and have a more secure financial future, but also for the lifestyle and security that owning gives you.  Money and emotions. It's a potent mix.  Now that we're seeing headlines that house prices are going down, and could keep falling, it's enough to panic current home owners and excite hopeful first home buyers.  So what's the truth of the hype behind the headlines? For the latest podcast I talked to Brad Olsen, Principal Economist at Infometrics. If you have a question about this podcast, or a question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here , Instagram here, and Twitter he

  • Brodie Kane on becoming a self-employed online creator

    03/07/2022 Duración: 39min

    Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's how to make self-employed life work for you. Hosted by Frances Cook. It's a dream for many people – to start your own business, and be your own boss. In an ideal world it allows you to focus on the projects that you find most fulfilling, and say no to the work you've always suspected was a waste of your time anyway.  Starting your own business can also be a great way to boost your wealth, as if you do well, you keep all the rewards in your own pocket.  But the process of starting your own business means you take on all of the risks, as well as getting all of the possible rewards.  Many also get into self-employed life, and find out the reality of the work day is quite different from what they expected.  So, what are some tips from a person who's doing all of this, and is ready to share the good, bad, and ugly of it?  You've probably seen her on your TV or heard her on the radio before, and now s

  • Why is everything so expensive?

    26/06/2022 Duración: 37min

    Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's what's behind the soaring cost of living, and what you can do about it. Hosted by Frances Cook. If you're struggling to pay for, well, anything, you are far from alone right now.  You'll see inflation has been hitting the headlines a lot lately, which is just the term for how things cost more as time goes by.  The thing is, the cost of living has been increasing far more than usual lately. The latest figures from StatsNZ showed prices were up by an average of 6.9 per cent, which is the biggest jump in 32 years.  That's only a little bit less than the amount of time I've been alive.  These price increases are hitting all of our core costs, food, petrol, housing; you know, the stuff that's really hard to do without.  So whose fault is it, how do we fix it, and is there any way that we as individuals can reduce the pain at the cash register?  For the latest podcast I talked to Consumer NZ CEO Jon D

  • Why Mahé Drysdale changed everything to become a financial adviser

    19/06/2022 Duración: 42min

    Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's Mahé Drysdale on his experience making a big career change, and his top financial tips. Hosted by Frances Cook. I’m sure we’ve all considered it at least once – completely changing careers, to something fresh, new and exciting. A change is as good as a holiday they say, but it’s also a great way to boost your earning power, learn new skills, and maybe just work in a field where you enjoy yourself more. The reality of it is daunting though. If you have to retrain, that’s time and money that you’re committing. There’s also the fear that you put the effort in to making the change, and then find you don’t actually like the new job at all. So my ears perked up when I heard that Mahe Drysdale had made a big career change. Yes, that Mahe Drysdale – the former Olympic champion rower, who has represented New Zealan

  • Busting the investing myths that hold you back

    12/06/2022 Duración: 31min

    Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's getting rid of the money mindsets that can hold you back. Hosted by Frances Cook. A big part of the investing game is mental.  I'm a believer that the actual nuts and bolts of investing aren't all that hard.  You can choose to make it complicated if that's what floats your boat, but the simple ways work just as well, and arguably the simpler the better for many of us.  But if you feel like investing isn't for people like you, or you're just not good at money, it can stop you from ever starting, and finding out just how simple it can be.  That's why it's such a worry that many women rate their financial confidence and wellbeing lower than men do, with research from the Financial Services Council showing that over 80% of women rate their financial wellbeing moderate, low or very low. This is despite many women already being involved with budgeting, saving, and investing, sugges

  • Is the KiwiSaver carnage as bad as it looks?

    05/06/2022 Duración: 37min

    Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's the sea of red in your KiwiSaver, and how to work out if yours is as bad as it looks. Hosted by Frances Cook. If you’ve looked at your KiwiSaver, or any investments lately, you’ve probably winced and wondered if you’re doing something wrong.  For about 13 years now we’ve been in a bull market, which means values have been going up, and we’ve all got pretty used to the money game being a fairly easy one.  That’s all starting to change, and there’s increasing talk of bear markets and recession. That means that as KiwiSaver statements land in your mailbox or inbox around this time of year, it might make for unpleasant reading.  That’s if you read it at all – the latest stats are that 22% of us read it thoroughly, 54% of us skim it, and the rest of us really just don’t bother.  But there’s a wealth of info in there

  • Would you put crypto in your KiwiSaver?

    29/05/2022 Duración: 40min

    Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's what's happening now that the dust is settling from the crypto crash, and how the mainstream investing world is reacting to it. Hosted by Frances Cook. The crypto world is just starting to catch its breath after what was one of the nastiest crashes in its history. A supposedly safe stablecoin, Luna, cratered, and may never recover. The ripples of fear went far and wide, and the entire crypto market fell about 30%. In a single day, the market lost US $200billion, or in New Zealand dollars, $320 billion in value. So is this proof that it’s all a bubble, like the infamous tulips example? A ponzi scheme? Or, as crypto enthusiasts like to say, are we all victims of FUD – fear, uncertainty, and doubt? Will this bounce back, and then us non-believers will be the idiots who miss out on all the money that could be made? Frankly I suspect the answer is somewhere in the middle, but what would I

  • The ultimate guide to the financial help available for first home buyers

    22/05/2022 Duración: 38min

    Each week the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's the ultimate guide to what first home buyers need to know to improve their chance at getting on the property ladder. Hosted by Frances Cook. If you're a first home buyer, you need all the help you can get, and the good news is that you've just got access to a little bit more of it. The Government has announced it's making changes to the First Home Loan scheme, which means far more people could qualify to only put down a 5% deposit on a house.  Considering that scraping together a deposit is often the hard part, that's a pretty big deal.  They're also changing how you qualify for First Home Grants, meaning more people could qualify for a boost to their deposit of up to $10,000.  This will be welcome news for many people. Sure, it's always been hard to buy a house, but it's particularly hard now.  The latest figures from CoreLogic show that the share of houses being bought by first home buyers

  • What the Budget means for your back pocket

    19/05/2022 Duración: 18min

    Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's the Government's announcements on tackling cost of living, and whether it will make a difference for you. Hosted by Frances Cook. Budget day is a big deal for, well, basically all of us.  The Government opens up its cheque book and decides who is getting what, with big ripple effects throughout the country and economy.  This year, they’ve clearly decided to take a shot at the cost of living.  There’s a one-off payment of $350 for people earning under $70,000 a year, there are changes aimed at the price of fuel and public transport, the supermarkets are in for change, and even housing gets a tweak.  But is it enough? Let’s dive into the details, for this special bonus episode. For the latest podcast I talked to Pattrick Smellie, Managing Editor of BusinessDesk. For the episode, listen to the podcast.  If you have a question about this podcast, or questio

  • How to shield your investments from a chaotic year ahead

    15/05/2022 Duración: 28min

    Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's how to figure out an investing strategy that works in uncertain times. Hosted by Frances Cook. It's easy to feel like a good investor when the conditions are good.  And they've been very good for a long time now.  Sharemarkets have been going up, property prices have been rising, debt was cheap and cheaper by the day as interest rates kept going down.  It depends a bit on whose definition you use, but we've arguably been in a bull market for 13 years now, which is the longest in history.  However, all good things must come to an end, and it looks like we've now got some choppy waters and a bit of a storm on the horizon.  The war in Ukraine, supply chain problems, ongoing covid disruptions, rising interest rates, and the increased cost of living are all things that could cause problems this year, and that will probably show up in your KiwiSaver and other investments. 

  • Can rising wages be a bad thing?

    08/05/2022 Duración: 22min

    Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's why you might not feel richer despite rising wages, and how to change that. Hosted by Frances Cook. Wages have just gone up by the highest percentage since March 2009. That's according to the latest figures from Stats NZ, which show that wages went up 3 per cent for the quarter ending March 2022. For the year to March, wages shot up 4.8 per cent.  So far so good right? I like people getting a pay rise, I think we all should. So why aren't I happier?  Well, because in real terms we've all still gone backwards.  Inflation over that year was up 6.9 per cent. Which means that if you're the average person, your pay packet went up 4.8 per cent, but the cost of all of your basic necessities went up 6.9 per cent, so you've got less in your wallet than before.  And if you're one of the unlucky ones who hasn't secured a pay rise yet, well, you're really feeling the pinch.  The pro

  • How to be smarter when donating to charity

    01/05/2022 Duración: 15min

    <strong>Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, the smartest ways to donate to charity. Hosted by Frances Cook.</strong> You'll often hear the phrase that money can't buy happiness. Which I agree with to a certain degree. Working yourself into the ground in order to have a pile of money that you use to simply buy more stuff, is something that won't bring most people happiness. But there are certain things that researchers have shown do bring happiness. Being able to cover the basic costs of your life, for one, can reduce a lot of stress. Giving to charity or being able to help those around you is another way to spend your money that's been proven to genuinely make people happier. But just because you want to give to others doesn't mean you splash your money around willy nilly and hope for the best. If you're handing over money to a good cause, you want to make sure it actually gets to that good cause. You also probably want to

  • Mortgage wars: How to beat the banks at their own game

    24/04/2022 Duración: 33min

    Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's how to beat the banks at their own game. Hosted by Frances Cook. We’re back! Welcome to an all new season of the podcast. I may have left to have a baby, but I couldn’t stay away for too long, and boy some interesting stuff happened while I was gone. Not least of which are the changes to mortgage rules. You may have heard rumours that you can now be turned down for a mortgage simply for buying Uber Eats, or too many takeaway coffees, even if you can afford them. The rumours are true. Well, kind of. It’s all because of a change to lending rules, called the triple CCCFA, or the Credit Contract and Consumer Finance Act if we’re being formal. This law was brought in to stamp out loan sharks, and predatory debt schemes like what’s used by clothing trucks that patrol poorer neighbourhoods. Now that’s a good thing, but the unintended consequences, well, they haven&rs

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