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Amy Poching

πŸ‘€ Speaker
478 total appearances
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Podcast Appearances

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

So, you know, we talked around that.

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

So they need to be aware of that as well.

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

But they want to get into this home in Christchurch.

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

That's kind of what they need to do.

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

And put the money towards the home.

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

Then they can gear off their home to buy another lower valued new investment property where they only need 20%.

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

Gotcha.

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

And funnily enough, once we worked out the cash flow between those two scenarios, the cash flow is about the same.

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

But in one scenario, they've got property worth 900K accumulating growth.

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

And in the other scenario, they've now got like 1.4 million of property value accumulating growth with the same cashflow.

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

So yeah.

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

That's very cool.

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

It's like, if you do this, this is what that looks like.

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

And, you know, often people will say to me before I start working with them, like, can you give me an example of what, you know, a financial plan looks like?

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

And it's like...

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

No, because really everyone is so different.

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

You know, there's a lot of similarities, of course, but really everyone's situation is different.

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

They're at different stages and they've got different priorities.

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

Want different things from life, different incomes.