Cooking The Books

Cooking the Books: What's the best investment for your life stage?

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Sinopsis

Title: What's the best investment for your life stage?Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's the different ways to grow wealth in different stages of life. Hosted by Frances Cook.It might come as no surprise to you that many people believe investing is only for the rich. Heck, even I used to think that.The Financial Markets Authority has released research on attitudes to investing, and shock horror, older men with high incomes feel the most confident about investing into the financial market.Women, and younger people with low incomes, are the least confident.But investing doesn't have to be for the rich; in fact, it's the opposite. Usually, it's the way that people become rich in the first place.What's important is that you pick the right investment for your stage of life.While many people want to buy a house first up, it requires a huge deposit, and ties you down to one place.There are actually better options for those who are younge