Money Made Simple
Welcome to Money Made Simple, a family of NZ-based financial literacy podcasts from Simplicity which keep it simple and get straight to the point. We want ALL Kiwis to have dignity, and a dignified life is one with choices. What can help with more choices? More money. So we're here to make Kiwis richer and smarter with money.
MONEY MADE SIMPLE WITH JENNIE AND LIV:
Join co-hosts Liv Lewis-Long and Jennie O'Donovan on a fortnightly basis to help you understand the basics around money, finances, investing, KiwiSaver, and planning for a better future. We aim to provide information in a bite-sized, easy-to-listen way that simplifies the jargon. 'Cos who's got time for that! We want you to feel empowered and confident when thinking about money and investing - whether that be via KiwiSaver, investment funds, the share market, property, or your general finances.
THE ECONOMY MADE SIMPLE WITH SHAMUBEEL EAQUB:
Join Shamubeel Eaqub, Simplicity's Chief Economist, on a monthly basis to help you understand what's happening in the economy, job market, politics and financial markets. Tune in to get economic updates, interviews with NZ's key movers and shakers, and deep dives into topics you might want to understand better.
You can join the Simplicity community via the following channels:
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LinkedIn: https://www.linkedin.com/company/simplicity-kiwi/
Or check out our website: https://simplicity.kiwi
Cheers for tuning in - we appreciate each and every one of you %)
Money Made Simple
MMS #76 | Can I trust TikTok for financial advice?
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There’s no shortage of money info out there. Everyone seems to have something to say about budgeting, investing, mortgages, KiwiSaver and more.
But how do you know what’s helpful, what’s marketing, what’s just someone’s opinion, and when you might actually need personalised financial advice?
In this episode of Money Made Simple, Liv and Jennie unpack the surprisingly important question of who to trust when it comes to money. They look at the difference between general financial information, education, marketing, opinions and personalised advice - and why understanding the difference can help you make better financial decisions.
This episode covers:
- The difference between general education, marketing, opinions and personalised financial advice
- Why social media can be a great place to learn about money, but not always the best place to rely on for making big financial decisions
- The rise of “finfluencers” - and what to watch out for when it comes to social money content
- When it may be worth paying for financial advice rather than relying on general financial information
- How to find a financial adviser, including where to start and why it’s worth checking their credentials
- Why fee-based, independent advice can be very different from the “free” advice that dominates the NZ finance industry
- The red flags to watch for when it comes to financial information and advice (warning - it's getting easier and easier to get taken for a ride!)
Resources mentioned in this episode:
- Sorted – independent money guide with comparison tools and calculators: https://sorted.org.nz/
- Financial Advice New Zealand (FANZ) – adviser directory: https://financialadvice.nz/FANZ/FANZ/Consumers/Find-an-Adviser.aspx
- Financial Service Providers Register (FSPR) – check if an advisor is licensed: https://fsp-register.companiesoffice.govt.nz/
- MoneyHub – list of independent, fee-based financial advisers: https://www.moneyhub.co.nz/advisers-list.html
- The Barefoot Investor (Scott Pape): https://www.barefootinvestor.com/
This episode is a reminder that good money decisions don’t usually come from one hot tip, one viral video, or one confident opinion. They come from taking your time, asking questions, understanding who or what is influencing you, and knowing when a decision matters enough to get proper advice.
Simplicity does not hold a financial advice provider licence, so this podcast provides educational information only.
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Disclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.