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Amy Poching

πŸ‘€ Speaker
478 total appearances
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Keep The Change
Financial Planner Reveals: How Everyday Kiwis Are Building Wealth

So using that same example,

Keep The Change
Financial Planner Reveals: How Everyday Kiwis Are Building Wealth

of 80K already in your KiwiSaver, 100K income investing over the next 20 years.

Keep The Change
Financial Planner Reveals: How Everyday Kiwis Are Building Wealth

That is a difference of you having $966,000 or $592,000.

Keep The Change
Financial Planner Reveals: How Everyday Kiwis Are Building Wealth

So like $374,000 difference.

Keep The Change
Financial Planner Reveals: How Everyday Kiwis Are Building Wealth

All from 3%, 3.3% are compounded.

Keep The Change
Financial Planner Reveals: How Everyday Kiwis Are Building Wealth

I'm choosing the right growth fund provider.

Keep The Change
Financial Planner Reveals: How Everyday Kiwis Are Building Wealth

Well, two things.

Keep The Change
Financial Planner Reveals: How Everyday Kiwis Are Building Wealth

Are you in the right fund type?

Keep The Change
Financial Planner Reveals: How Everyday Kiwis Are Building Wealth

Like, should you be in growth or aggressive or conservative, wherever?

Keep The Change
Financial Planner Reveals: How Everyday Kiwis Are Building Wealth

So choosing the right fund type for you and then also choosing a provider that is doing a good job, has a history of doing a good job.

Keep The Change
Financial Planner Reveals: How Everyday Kiwis Are Building Wealth

We expect to continue to do a good job.

Keep The Change
Financial Planner Reveals: How Everyday Kiwis Are Building Wealth

Yeah.

Keep The Change
Financial Planner Reveals: How Everyday Kiwis Are Building Wealth

Yeah.

Keep The Change
Financial Planner Reveals: How Everyday Kiwis Are Building Wealth

So small tweaks like this can have massive impact over the longer term.

Keep The Change
Financial Planner Reveals: How Everyday Kiwis Are Building Wealth

Yep.

Keep The Change
Financial Planner Reveals: How Everyday Kiwis Are Building Wealth

Yep.

Keep The Change
Financial Planner Reveals: How Everyday Kiwis Are Building Wealth

So we move from a growth to an aggressive KiwiSaver fund.

Keep The Change
Financial Planner Reveals: How Everyday Kiwis Are Building Wealth

Nice.

Keep The Change
Financial Planner Reveals: How Everyday Kiwis Are Building Wealth

And then they were paying down their mortgage quite rapidly.

Keep The Change
Financial Planner Reveals: How Everyday Kiwis Are Building Wealth

Yeah.