Welcome to today’s daily kōrero!
Anyone can make the thread, first in first served. If you are here on a day and there’s no daily thread, feel free to create it!
Anyway, it’s just a chance to talk about your day, what you have planned, what you have done, etc.
So, how’s it going?
You must log in or register to comment.
Just cut my hair today. Also recorded a small series chronicling my vegetable garden and homesteading progress…
https://www.youtube.com/watch?v=FZe4GCHnM9w
The goal will be to become fully self sufficient in food production, and save as much money as possible. Discuss cost of living, how to grocery shop, etc. I do not intend to make money off of YouTube
Nice kale patch.
We grow quite a lot of it also
I’ve never grown kale. In fact I’m not even sure I’ve eaten it. How do you prepare it?
Thought for the day
How do you handle retirement planning?
I’m in my early 40’s; I’m putting extra money (beyond kiwisaver) into stocks/bonds. It is quite interesting and I get to choose the level of risk I’m comfortable with. My partner and I were discussing what we are going to do once the mortgage is paid off; my view is to stay away from property investment / air bnb, this is not due to the moral issues around housing as an investment, it is purely about trading our time for money.
I have super in three different countries from 20 years of living abroad, so working on consolidating that. Beyond that, putting in some extra to KiwiSaver here and simultaneously working to build a self sufficient lifestyle to keep costs down - and us fit with any kind of luck! Very aware that that only works so long as we’re fit and well, so much of what we’re putting is designed to be as hands off as possible.
So, plan A is working and living off our land as long as we’re able, plan B is then hitting the Super, with Plan C being selling the land and downsizing.
My retirement plan would just get me referrals to Lifeline tbh.
But back when I was healthy I was quite interested in financial planning and asset allocation and all that, and I have a small kiwisaver. My philosophy was that boring one involving passive index funds, real estate trusts etc.
But I also used to own legal minimum holdings of one or two shares for fun, just so I could know how it all worked and analyse financial statements and stuff.
Ooh, this is a good question. Keen to see other replies.
For me at this stage, it’s just Kiwisaver and my savings account. I’m thinking of buying some shares as well, but not too sure I want to bank on it as a source of retirement funds. In saying that, I’ve been looking at Sharesies and it’s easy enough to chuck some spare cash at it that I don’t care too much about. Like, I’ve been having thoughts such as “instead of caving in and buying this pizza, I could buy some shares instead”. Just a bit concerned that if I start doing that, I might turn it into a habit. Maybe I need some proper financial advice on how much money I should set apart from my income for this, and draw a firm line somewhere.
I use sharesies, after other platforms in the past. It is great, super easy and gives access in a very simple way to Australia and US markets. You start with a strategy, but if you change investment strategy the barrier to change is low.
Be prepared to watch the markets go up and down; because they do…a lot…think in terms of years not days/weeks and generally things work well.
Even putting pizza money a week into saving/investments adds up.
