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In this Money Moments episode of It’s No Secret, we chat with Dora Yip, CMO at PocketSmith, about the real life of a “household CFO.” Dora, who grew up in Singapore and now lives in Dunedin, shares how culture, values, and human behaviour shape our money experiences. In this episode we dive into:  The mental load of managing family finances and reframing budgeting as values-led decision-making.How a $1,200 bubble tea bill became a surprising lesson in intentional spending.Dora's toolkit for sanity: PocketSmith, Trello, Google Drive, and even AI for stress-testing financial ideas. Plus, hear her candid stories about becoming a reluctant landlord and bringing her teens into investing.About Dora: With 15+ years in diverse sectors, Dora translates complex finance into relatable stories. Outside work, she loves books, travel, and bubble tea. If you’re navigating family finances, this episode offers fresh perspectives on aligning money with values, reducing friction with your partner, and finding smarter ways to manage your household’s wealth. If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend. SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify Follow us for fun chat & financial tidbits on IG: @itsnosecretnz Got questions? Get in touch: www.itsnosecret.co.nz Disclaimer: Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing. Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

This week, we’re diving into the fascinating world of core-satellite investing, exploring how you can effectively implement this strategy using the Kernel platform.  Whether you're a seasoned investor or just starting out, understanding how to balance your core investments with targeted satellites can enhance your portfolio's performance.  Plus, we have some insightful blog posts linked in the description for those eager to learn more! Like sauce on a PIE: How Kernel Shares & ETFs complements Kernel Funds How Can Kernel Funds Fit Together? If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend. SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify Follow us for fun chat & financial tidbits on IG: @itsnosecretnz Got questions? Get in touch: www.itsnosecret.co.nz Disclaimer: Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing. Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

Today, we're diving into the often tricky world of gifting etiquette. As weddings, birthdays, and holidays approach, dilemmas come up often leave us scratching our heads.  Join us as we share our personal experiences and tackle some of the most awkward gifting scenarios.  Plus, we want to hear from you—what are your biggest gifting dilemmas? Share your thoughts in the comments! If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend. SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify Follow us for fun chat & financial tidbits on IG: @itsnosecretnz Got questions? Get in touch: www.itsnosecret.co.nz Disclaimer: Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing. Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

Today, we’re shifting the narrative from financial worries to celebrating the wins that often go unnoticed.  Inspired by a fantastic article from MoneyHub, we’ll explore ten key indicators that suggest you’re doing better financially than you might realize.  Tune in as we unpack these signs and encourage you to reflect on your own financial journey. We also want to hear from you—what are some other signs that indicate you’re on the right track? Moneyhub article: https://www.moneyhub.co.nz/indicators-doing-well-financially.html If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend. SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify Follow us for fun chat & financial tidbits on IG: @itsnosecretnz Got questions? Get in touch: www.itsnosecret.co.nz Disclaimer: Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing. Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

Today, we dive into a pressing issue that many Kiwis are grappling with: the reality of homeownership in New Zealand. If you purchased a house in the last three years, you might feel like you've taken a step back, especially with recent market fluctuations.  Join us as we talk about an anonymous story and chat through the realities of purchasing a home with the view of it being your one-way ticket to wealth.  Useful links Infometrics slides If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend. SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify Follow us for fun chat & financial tidbits on IG: @itsnosecretnz Got questions? Get in touch: www.itsnosecret.co.nz Disclaimer: Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing. Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

In this episode, we’re thrilled to share some exciting news from the Kernel team: the launch of Shares and ETFs!  This new offering gives Kiwis the chance to invest directly in select range of shares and ETFs, making it easier than ever to build your wealth.  Join us as we chat through what this could mean for you and how it can fit into your investment strategy. Specifically, we chat about: Why Kernel launched Shares & ETFs?An overview of how Shares & ETFs work on the PlatformHow much it costs to use Shares & ETFs & an overview of the pricing planHow Shares & ETFs can fit alongside your current investments using a Core-Satellite investing strategyIf you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend. SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify Follow us for fun chat & financial tidbits on IG: @itsnosecretnz Got questions? Get in touch: www.itsnosecret.co.nz Disclaimer: Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing. Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

In today’s episode, we dive into a pressing question: Is having a high-paying job truly worth it? While many might instinctively say yes, reality can often be more complex.  Join us as we explore the potential pitfalls and benefits of high salaries, revealing the truths that can help you navigate your own financial journey. Specifically, we chatted about: High-Paying Jobs in NZ: We explore the highest-paying roles according to Seek and how salary figures can differ based on various sources.Cons of High Salaries: Increased expectations and accountability, particularly for roles like CEO, can lead to longer working hours and a higher risk of burnout.Pros of High Salaries: Enhanced financial security allows for a better lifestyle, networking opportunities, and potential for earlier retirement if managed wisely.Real-Life Experiences: Insights from Reddit users who have taken pay cuts for better work-life balance, sharing their journeys and the positive impacts on their well-being.If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend. SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify Follow us for fun chat & financial tidbits on IG: @itsnosecretnz Got questions? Get in touch: www.itsnosecret.co.nz Disclaimer: Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing. Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

In this podcast episode, we're joined by Kernel Founder & CEO Dean Anderson to chat about the latest developments in the markets and how they’re impacting investors. Specifically, we discuss: The impact of US tariffs and rising market volatility, including what this means for global and local economies.New Zealand’s relatively stable position amidst global uncertainty and the signs of economic recovery.Key investment principles to navigate turbulent markets, such as diversification, aligning investments with your time horizon, and the benefits of dollar-cost averaging.Practical tips for KiwiSaver investors, including how to approach short-term and long-term goals during periods of volatility.See the graphs and numbers via our latest blog here: If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend. SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify Follow us for fun chat & financial tidbits on IG: @itsnosecretnz Got questions? Get in touch: www.itsnosecret.co.nz Disclaimer: Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing. Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

In the world of investing, the debate between active and passive strategies has been significant among many investors. While active investing involves selecting individual stocks and timing the market, passive investing focuses on tracking market indices through funds.  This episode dives deep into the nuances of both approaches, exploring their historical performance, current trends, and what they mean for investors today. Specifically, we chatted about: The key differences between the active vs passive investment strategiesWhat the general consensus was when it came to passive investingHow the overall sentiment has changed throughout time, particularly overseas and perhaps in NZ.Why it's so difficult to beat the market and the percentage of NZ fund managers that actually can beat the index.Read the full blog here: https://kernelwealth.co.nz/blog/active-vs-passive-investing-are-you-settling-for-average  If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend. SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify Follow us for fun chat & financial tidbits on IG: @itsnosecretnz Got questions? Get in touch: www.itsnosecret.co.nz Disclaimer: Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing. Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

Tax is an unavoidable cost of investing, so ensuring you understand how it works can help you get the most out of your investments. In New Zealand, Portfolio Investment Entities (PIE) funds offer a tax-efficient way to invest, but navigating their tax rules can sometimes be challenging. Find out how they work in this podcast episode, alternatively read the full blog below.  https://kernelwealth.co.nz/blog/how-does-tax-work-when-investing-in-kernel-funds If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend. SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify Follow us for fun chat & financial tidbits on IG: @itsnosecretnz Got questions? Get in touch: www.itsnosecret.co.nz Disclaimer: Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing. Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

This week, we dive into investing during uncertain and volatile market conditions.  With recent economic shifts driven by new policies and tariffs, many investors are feeling the pressure to take some sort of action. Join us as we chat about timeless tips to remember during turbulent times. Specifically, we chat about: What's currently happening in the markets which are causing people to worryWhy uncertainty creates volatility, especially in the sharemarketsHow investing to fit your risk profile can lead to better outcomesWhat you can do to reframe market volatility as an opportunity And much more! If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend. SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify Follow us for fun chat & financial tidbits on IG: @itsnosecretnz Got questions? Get in touch: www.itsnosecret.co.nz Disclaimer: Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing. Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

In today's Money Moments episode, we're joined by our very own Joni from the Customer Success team. In this episode, Joni shares his experience with money, in particular: What his relationship with money was like growing up in Indonesia, US, and NZHow he paid off his student debt with the help of his friendsWhat his personal finance journey was like and how it has changed over timeThe impact of the COVID lockdown and on his personal financesHow he would spend his money differently had he known what he knows now And much more!  If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend. SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify Follow us for fun chat & financial tidbits on IG: @itsnosecretnz Got questions? Get in touch: www.itsnosecret.co.nz Disclaimer: Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing. Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

In this episode we're diving into a topic that hits home for many—practical money tips for those in their 20s and 30s. This stage of life is often packed with big decisions about finances, careers, and relationships, which can sometimes feel overwhelming. That’s why we’re here to simplify the process and share the insights we wish we had known earlier. Remember, everyone’s journey is different, and it’s okay to move at your own pace. Here’s what we cover in this episode: Why setting up an emergency fund is crucial and how to figure out how much you might need.The importance of stepping back to understand your cash flow and spending habits.How your relationships and personal values shape the way you interact with money.Tips for reframing your goals to create a clearer vision of what you want in life.Where KiwiSaver fits into the bigger picture of financial planning.Tune in now to learn more! If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend. SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify Follow us for fun chat & financial tidbits on IG: @itsnosecretnz Got questions? Get in touch: www.itsnosecret.co.nz Disclaimer: Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing. Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

In this episode, we are joined by Aaron, our Portfolio Analyst, to explain fund units and how they work.  We cover important topics like swing pricing and the effects of distributions, helping both new and experienced investors understand these concepts better. Tune in to learn how fund units work! Specifically, we chat about: What are units in a fund, and how are they different from company shares?How is the unit price set, and why is end-of-day valuation important?Why does the unit price on the Kernel platform sometimes look outdated?How do distributions affect unit prices, and what does that mean for you?Should you wait for a lower unit price, or is dollar cost averaging a better approach?How does order timing relate to unit pricing in different time zones?If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend. SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify Follow us for fun chat & financial tidbits on IG: @itsnosecretnz Got questions? Get in touch: www.itsnosecret.co.nz Disclaimer: Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing. Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

In today's episode, Cat sits down with Dean Anderson, Founder and CE of Kernel, to chat about what the lowering of the Official Cash Rate (OCR) can mean for you.  Disclaimer: This episode was recorded on 13 Feb and this episode is set to go live on the 19 February the day when the RBNZ is reviewing the OCR. Whether you're borrowing, saving, or investing, this conversation gives you an overview of what you may want to consider doing with your money in the lower interest rate environment. Specifically, we chat about: What is the RBNZ Suspected to Do Today with the OCR and Why?General Consensus on How the OCR Will Change Over TimeHow This Affects You: Borrowing, Saving, or InvestingAnd much more!  If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend. SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify Follow us for fun chat & financial tidbits on IG: @itsnosecretnz Got questions? Get in touch: www.itsnosecret.co.nz Disclaimer: Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing. Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz