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Speaker 1: This is Cheesy's Wealthcack, a series to help change your fortune.

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Speaker 1: What are some things you're doing on your.

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Speaker 2: One perfect day?

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Speaker 3: Definitely round of golf with the boys, Maybe a couple.

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Speaker 4: Of beers on the Nineteenth Green perfect.

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Speaker 3: Gay for my day back with my family.

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Speaker 5: We're at the beach and I'm swimming in the ocean,

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Speaker 5: and I look back and I see Mount Tardanaki out

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Speaker 5: in all its glory.

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Speaker 3: My perfect day is going out for a swroom. I'd

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Speaker 3: also go to Revisioned.

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Speaker 6: I'm a big thirty, so I'd love to hit out

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Speaker 6: for a really, really nice dinner somewhere where I can

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Speaker 6: dress up a little bit and dinner would probably last

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Speaker 6: for like three hours or so.

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Speaker 7: A perfect day for me would be waking out thirty

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Speaker 7: minutes before I have to go to my pilates class,

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Speaker 7: get a pork and mushroom for culture on the way

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Speaker 7: back from the class, then make myself an oat flat

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Speaker 7: why and then doom scroll on the couch.

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Speaker 8: All right, your one perfect day.

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Speaker 1: We're going to find out more about that shortly, but

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Speaker 1: in the meantime, Welcome to the Shares is Wealthcake.

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Speaker 8: It is a special series here for the next few weeks.

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Speaker 1: On shared lunch.

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Speaker 8: I'm Asher and with me is Laura.

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Speaker 9: Now me and Asha, we're a couple of creative types,

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Speaker 9: and although we do work in the world of finance,

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Speaker 9: we're not quite the experts.

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Speaker 1: We do know the right people though, I think that

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Speaker 1: helps right help get the answers that are above our

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Speaker 1: pay grades. So we've roped down a bunch of our

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Speaker 1: smarter colleagues, plus a few experts from across various industries

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Speaker 1: to help tackle.

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Speaker 8: Those big money challenges that you might have this year.

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Speaker 9: And the goal of this whole Wealth Kick idea is

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Speaker 9: to help you to figure out what you should be

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Speaker 9: doing right now heading into this new year to make

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Speaker 9: twenty twenty six your best financial year yet.

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Speaker 1: Over the next few weeks, we'll be having a look

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Speaker 1: at money goals, budgeting, key we saver, mortgages and more.

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Speaker 1: And yes, we will have a few activities, not too crazy,

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Speaker 1: things that you can do to freshen up your approach.

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Speaker 8: We'll also have a few stories for you as well.

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Speaker 8: It's in light summer reading, maybe listening.

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Speaker 1: But before we get into that, I do need to

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Speaker 1: say investing involves risk. You might lose the money you

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Speaker 1: start with. We recommend talking to a licensed financial advisor.

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Speaker 1: We also recommend reading product disclosure documents before decide to invest,

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Speaker 1: and everything you're about here is current at the time

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Speaker 1: of recording.

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Speaker 8: Well, I did mention a story.

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Speaker 1: Laura you did.

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Speaker 9: While on set in Mozambique, Tippy Hedron, the star of

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Speaker 9: films by Hitchcock and Chaplain, felt inspired to make a

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Speaker 9: movie to raise awareness about lion poaching. Her husband Noel Marshall,

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Speaker 9: wrote a script and they set a budget of three

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Speaker 9: million dollars, casting themselves around thirty lions and their own kits.

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Speaker 9: Over the next eleven years, Raw became one of the

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Speaker 9: bloodiest film sets in history. The budget ballooned by five

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Speaker 9: times and more than seventy people were mauled and battered

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Speaker 9: by the wild animals on set. John Marshall, Nol's son

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Speaker 9: needed fifty six stitches before filming even started, after twenty

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Speaker 9: five minutes with his head in a lion's mouth. Before long,

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Speaker 9: Tippy and Noel were housing and feeding seventy one lions,

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Speaker 9: twenty six tigers, a tigne, nine panthers, ten cougars, two jaguars,

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Speaker 9: four leopards and two elephant. Bones were smashed and the

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Speaker 9: cast got gangreen and blood poisoning from bite wounds. The

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Speaker 9: family sold their four houses and six hundred acres to

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Speaker 9: keep financing alive, and Nole's company went bankrupt. The movie

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Speaker 9: was never released in North America, its main market, scraping

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Speaker 9: just two million dollars in a limited nineteen eighty one release,

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Speaker 9: and Tippy A. Nole divorced. During filming, Noel said, you

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Speaker 9: get into anything slowly. Everything we own, everything we've achieved,

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Speaker 9: is tied up in this project. We're at a point

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Speaker 9: where we just have to do it.

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Speaker 8: I think the word for that story is wild.

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Speaker 9: I think that's very appropriate.

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Speaker 1: I actually have I have pulled up this trailer. I

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Speaker 1: just couldn't believe the stories, and I'm going to play

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Speaker 1: you just a little bit so you can get a

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Speaker 1: sense of the vibe of this movie.

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Speaker 8: It is real in the power rather lying when you was.

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Speaker 1: Like thunder Cat's got a little extract.

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Speaker 5: Getting done.

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Speaker 8: This just can't beat the voice of you. Got to

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Speaker 8: go see the trailer for this movie.

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Speaker 9: I think the crazy thing about this story is how

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Speaker 9: far the result was from the original intention. Like it

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Speaker 9: came out of a moment of like care and empathy, right,

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Speaker 9: like let's save the lions. Everyone can get behind that,

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Speaker 9: but by the end, you know, you've been responsible for

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Speaker 9: the serious injuries of your own family members and a

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Speaker 9: bunch of strangers, and just like a financial disaster, a

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Speaker 9: personal disaster, a disaster on every front.

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Speaker 1: Really, people were talking about money goals today. This is

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Speaker 1: an example of something that happens when you don't put

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Speaker 1: those guardrails in place, maybe with some good like financial

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Speaker 1: goal setting. When you're approaching this movie concept, you might

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Speaker 1: you know, be like, hey, I only need ten lions,

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Speaker 1: and maybe like, you know, scrap the tig on.

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Speaker 9: Yeah, ten lions is a much more reasonable number of lions.

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Speaker 9: I think it's it's maybe a little bit of that

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Speaker 9: sunk cost fallacy thing as well, where you're like, oh, well,

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Speaker 9: if I've started down this track and I've already invested

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Speaker 9: quite a lot in it, even though it's no longer

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Speaker 9: working towards my original goal, I have to keep going

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Speaker 9: in this direction. And I think that effective goal setting

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Speaker 9: means that actually you always kind of keep your eye

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Speaker 9: on that north star and you don't let yourself get

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Speaker 9: derailed to the point where you're bleeding from the head.

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Speaker 1: Well, this is probably a perfect time to bring in

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Speaker 1: the experts, not in terms of zoology, but in terms

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Speaker 1: of money and goal setting, and there were a few

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Speaker 1: people who jumped to mind.

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Speaker 9: We thought that if we're talking about making and reaching goals,

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Speaker 9: we might talk to the Chazy CEOs. They' o lion tamers.

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Speaker 9: But as you can imagine, they are super ambitious and

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Speaker 9: goal oriented people, they're also just pretty good chat So

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Speaker 9: on that note, he Sonya, one of the co CEOs

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Speaker 9: of Chazys, to.

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Speaker 10: Be honest, like, I've always failed at Newar's resolution, so

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Speaker 10: they're not that motivating to me. But I loved set goals,

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Speaker 10: but I can't how it's evolved over time. There are

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Speaker 10: different tools I use for different moments. One of them

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Speaker 10: I do is like a bit of a reflections one

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Speaker 10: where I could do it at any time, just go

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Speaker 10: write a list of like what's working and what's not,

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Speaker 10: and then just kind of let that mull for a

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Speaker 10: little bit, and then in a few weeks come back

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Speaker 10: and do a bit of a what's some actions. I'd

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Speaker 10: like to take off the back of those and start

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Speaker 10: to go, what's one thing you know, what's one thing

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Speaker 10: you do to try and move the needle on one

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Speaker 10: of these and I like that because it can happen

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Speaker 10: at any time, and it's a nice way to get

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Speaker 10: out of feeling overwhelmed, and it's a nice way to

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Speaker 10: just set a little bit bit of momentum at any time,

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Speaker 10: like going, well why now, and you go, actually, I'm

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Speaker 10: trying to move the needle on these things.

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Speaker 1: Okay, So that was Sonya there taking a sort of

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Speaker 1: a broad look at setting goals or New Year's resolutions.

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Speaker 1: But let's like zoom in a little bit and talk

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Speaker 1: more about money goals. Here's someone who we're going to

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Speaker 1: hear a little bit more from during the Wealthcare series.

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Speaker 1: This is Ruth Henderson, aka the Happy Saber.

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Speaker 4: I think with money, I'm not a big goal setter

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Speaker 4: with money goals. So in my bank accounts and with

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Speaker 4: my investments, my short term money go are in my

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Speaker 4: bank and my long term money goals are invested, and

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Speaker 4: so short term money goal on my bank might be

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Speaker 4: like we want to have a holiday each year, so

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Speaker 4: we work out what it costs and we work towards

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Speaker 4: putting that amount of money aside in the bank. I

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Speaker 4: think with money goals people think too short term, and

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Speaker 4: it's generally around stuff, so particularly that's how a lot

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Speaker 4: of children get taught. It's like you get your pocket money,

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Speaker 4: you save up for the thing, you buy the thing

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Speaker 4: that was a money goal you wanted the skateboard. You

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Speaker 4: work really hard, you got the money, you bought the skateboard,

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Speaker 4: and then adults bring that through into life and so

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Speaker 4: they never develop long term money goals. And that's where

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Speaker 4: kiwisaver is so good because it forces you to think

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Speaker 4: long terms, so money goals, like I always sit down,

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Speaker 4: I sit with my husband Johnny, thinking what is coming

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Speaker 4: up short term weeks, months, what is coming up years,

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Speaker 4: and then what is coming up and so positioning our

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Speaker 4: money to be in the right places to serve us

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Speaker 4: all of those things. And when I am thinking money

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Speaker 4: was decades, I kind of don't have a specific financial

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Speaker 4: goal of that. I just know that money's going to

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Speaker 4: be helpful in decades. So if I can invest now,

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Speaker 4: let it grow in decades. When I've thought of the goal,

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Speaker 4: the thing I want, all the money's most likely going

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Speaker 4: to be there to do that thing.

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Speaker 9: Yeah, that really strikes a chord with me. I also

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Speaker 9: find that it's very difficult to stay focused on something

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Speaker 9: that feels too far off. It starts to be a

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Speaker 9: little bit abstract and it's not that motivating.

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Speaker 1: Well, I think you're in a good company, to be honest,

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Speaker 1: because I think a lot of people find it very

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Speaker 1: hard to sort of see big picture and visualize long term,

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Speaker 1: especially when it comes to money.

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Speaker 8: But it does remind me of.

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Speaker 1: A chat that we had with Jess Brady, and Jess

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Speaker 1: Brady's a money educator and a form of financial advisor

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Speaker 1: at at Ozzie, and she touched on some very similar

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Speaker 1: themes in terms of money goals, time horizons, and thinking

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Speaker 1: big picture.

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Speaker 11: One of the issues that I feel all what I

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Speaker 11: see a lot for people is they find it really

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Speaker 11: hard to plan for the long term. They don't know

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Speaker 11: what they're doing next weekend, let alone what they want

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Speaker 11: to do in thirty years, and often that can mean

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Speaker 11: that they don't give enough thought to what future them needs.

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Speaker 11: It's why often people don't connect with superannuation, which is

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Speaker 11: going to probably be one of the biggest assets you

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Speaker 11: ever have. So if that's you just know that it's normal. However,

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Speaker 11: I like to get goal setting across three different time horizons.

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Speaker 11: I like to look at what do you want to

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Speaker 11: do in the next twelve months, what about five years time.

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Speaker 11: Five years is a nice chunk of time to be

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Speaker 11: able to move yourself forward career wized, life wise, etc.

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Speaker 11: And then I like to think ideal life. If you

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Speaker 11: could build the perfect ideal life based on what you

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Speaker 11: know right now, what would it look like? I think importantly,

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Speaker 11: if you're in a couple, creating space and time to

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Speaker 11: actually sit down and nut out what you want to

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Speaker 11: do is the most important and very very worth while step.

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Speaker 1: So if we were thinking about some of those takeaways

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Speaker 1: we've had from these conversations about money goals, what would

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Speaker 1: your takeaway?

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Speaker 9: Besier laur So Sonya referred to actually just writing something

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Speaker 9: down with pen and paper, and that's like a habit

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Speaker 9: that I've kind of lost. Everything's so digital now. My

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Speaker 9: tendency is always just to like use the notes app

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Speaker 9: on my phone. But I think, especially when it comes

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Speaker 9: to like trying to zoom out see things big picture,

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Speaker 9: actually just putting it into paper is like a very basic, simple,

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Speaker 9: powerful thing to do. There's something so much more intentional

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Speaker 9: about writing it down physically.

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Speaker 1: Then Ruth Akay at The Happy Saber mentioned breaking goals

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Speaker 1: up into short term or long term, and Jess Brady

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Speaker 1: mentioned building the perfect ideal life, which is great. But

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Speaker 1: to me that does sound a little bit overwhelming. That's

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Speaker 1: like that mounts an idea of like, oh my gosh,

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Speaker 1: how do was sort of you know, where do I

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Speaker 1: start when it comes to.

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Speaker 8: A perfect life.

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Speaker 1: So there's a little exercise that I found taking that

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Speaker 1: like a little bit more narrower and looking at the

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Speaker 1: perfect day and steed to I mean, if I was

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Speaker 1: talking to you, Laura, what would you include in your

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Speaker 1: perfect day?

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Speaker 9: Definitely like get out in nature, probably like have a

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Speaker 9: muga reader, have a bath, go see a great life band,

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Speaker 9: catch up with some cool people.

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Speaker 2: Yeah.

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Speaker 1: And for me, any day that is spent at least

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Speaker 1: partially on a boat, you go so wrong. There are

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Speaker 1: exceptions to that role depending on the weather, but generally,

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Speaker 1: at this time of year, if you're on a boat,

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Speaker 1: life is good.

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Speaker 9: So the idea is obviously trying to imagine, like your

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Speaker 9: perfect life or figure out exactly what you want in

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Speaker 9: twenty thirty forty years time. That might feel a little

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Speaker 9: bit overwhelming, a little bit unwieldy. So we're just trying

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Speaker 9: to shrink that down, zoom it in a little bit,

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Speaker 9: make it a little bit more manageable. And we're just

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Speaker 9: asking you to picture. If you could imagine like just

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Speaker 9: one perfect day in the life, what would that be.

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Speaker 9: Where would you wake up, where would you go? Who

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Speaker 9: would you spend it with? What activities are you doing?

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Speaker 9: Are you are you taking to me time? Are you

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Speaker 9: with family, with friends? Anything goes it's your perfect day.

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Speaker 8: I would also think a little bit about the work aspect.

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Speaker 9: As well, or is there something that you really want

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Speaker 9: to get done that you know would bring you like

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Speaker 9: so much satisfaction that you don't have the opportunity all

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Speaker 9: the time to do. Maybe that would be part of

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Speaker 9: your perfect day.

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Speaker 8: If you need any inspiration, where here's a couple from

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Speaker 8: around the office.

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Speaker 5: Oh, I've got probably going to the waterfront and having

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Speaker 5: a coffee with friends.

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Speaker 6: I would love to get up nothing earlier and go

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Speaker 6: for a really slow stroll to grab a coffee and

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Speaker 6: pastry with my partner before eventually hitting off to brunch

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Speaker 6: with all the girls because I would love to see

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Speaker 6: all of my friends.

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Speaker 5: We get the barbecue going, the nieces and nephews are

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Speaker 5: running around. I'm sitting there with a good book in hand,

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Speaker 5: a cross class of rose. A mum brings me some

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Speaker 5: sort of a good trips and kim yng and dip.

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Speaker 5: That would be my ideal day.

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Speaker 8: We're going to take a quick break now.

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Speaker 1: This is a segment we call a Cheeky Plug, something

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Speaker 1: that you can use within the shares Is app to

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Speaker 1: help your money.

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Speaker 9: Goals and with us today we are lucky enough to

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Speaker 9: have Sarah tell us who are you and what do

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Speaker 9: you do?

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Speaker 2: I am Sarah Phillips. I'm the life cycle specialist here

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Speaker 2: at Chezea's. I've been doing this for a few years now,

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Speaker 2: so I've been in and out of the Chezias app

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Speaker 2: a few times and I've set myself a few goals

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Speaker 2: along the way.

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Speaker 9: So yes, what we're talking about today is a bit

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Speaker 9: of goal setting and we're trying to harness this new Year,

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Speaker 9: New Me kind of spirit and we're hoping that you

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Speaker 9: could tell us a little bit about how people might

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Speaker 9: be able to set some goals in the Chezias app.

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Speaker 2: We have a thing for that. So for coustomers who

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Speaker 2: are using Chezias, we have a money goal section in

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Speaker 2: your Chesi's wallet. If you're like me and you have

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Speaker 2: a big, heroodacious goal like I don't know, going on

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Speaker 2: holiday in my case, paying off my car.

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Speaker 9: A little bit less fun.

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Speaker 2: It's a really good way of just setting yourself a

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Speaker 2: little reminder and giving yourself a little bit of accountability.

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Speaker 2: So what you're doing is in your wallet. You can

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Speaker 2: go in, you can choose your money goal, and you

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Speaker 2: can say what it's for. You might say it's for

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Speaker 2: my holiday, it's for paying off my car, it's for

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Speaker 2: creating an investing habit. And then you've basically got three

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Speaker 2: things that you then need to do. You need to

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Speaker 2: think about when do I need to do.

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Speaker 11: This by what's the value?

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Speaker 2: So is it one thousand dollars that you're saving for

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Speaker 2: a holiday or it was about for three hundred dollars

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Speaker 2: I need to pay off my car? And how often

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Speaker 2: you're going to contribute. So for me, that looked like

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Speaker 2: every fortnight when I got paid, I was going to

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Speaker 2: commit to contributing to that fifteen hundred dollars goal before

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Speaker 2: the end of the year when my car payment is due.

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Speaker 2: So for other people, that looks like going in choosing

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Speaker 2: the option that they want, setting up the time horizon,

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Speaker 2: so when it's due and when you're committing to it.

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Speaker 2: It's how often you want to contribute to that and

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Speaker 2: it's what you want to contribute at the end.

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Speaker 9: Cool. That sounds like it'd be really easy to hold

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Speaker 9: yourself accountable totally.

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Speaker 2: And it's there just to help you stay motivated and

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Speaker 2: know that you're working towards something and just have that

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Speaker 2: little reminder so that it's not just like mother paydo

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Speaker 2: goes past excellent.

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Speaker 9: So that's go into the chooses app hea to your wallet,

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Speaker 9: find muddy goals, set yourself a goal done done.

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Speaker 1: That is us for today on The Cheesys Wealthcack. We'll

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Speaker 1: be back in our next episode to talk about how

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Speaker 1: we look at our finances. We've talked about the goal

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Speaker 1: setting today, but how do we look at our finances.

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Speaker 1: We've got a few more details on that, and we'll

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Speaker 1: also be letting you know about a little competition.

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Speaker 8: That we have as well that you can get involved with.

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Speaker 8: But more on that in the next episode of the

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Speaker 8: Wealth Kack. Before we go though, is it okay do

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Speaker 8: one more thing?

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Speaker 10: Laura?

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Speaker 9: Yeah?

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Speaker 1: And you know this can sometimes be a little bit

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Speaker 1: frene when you're talking to your own kids and you

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Speaker 1: think that sounds super cute. But I did think I

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Speaker 1: asked my kids, this is what is your perfect day?

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Speaker 1: And I was flabbergasted by how much thought went into

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Speaker 1: this from my daughter Emmy, who was eleven years old.

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Speaker 3: Get up at six o'clock and watch YouTube till ten

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Speaker 3: thirt dy and while I'm watching YouTube, well, at seven o'clock,

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Speaker 3: you buy a p butler to go serve me chocolate

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Speaker 3: pancakes with lots of chocolate decorations on top. Ten thirty

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Speaker 3: to twelve thirty, we are at the cat Cafe and

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Speaker 3: the cats really love us. Twelve thirty, we go get

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Speaker 3: the best lunch ever, and we're allowed to get whatever

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Speaker 3: we like. I'm going to say about one o'clock, we're

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Speaker 3: going to buy a bunny and we're going to look

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Speaker 3: after it and play with it and stuff. At three o'clock,

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Speaker 3: we're going to be inviting everyone for our movie marathon

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Speaker 3: at five o'clock. So we're getting ready for the movie

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Speaker 3: marathon from three to five, and then at five o'clock

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Speaker 3: everyone's going to turn up and we're going to have

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Speaker 3: lots of sweet treats and we're going to have the

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Speaker 3: world's best movie marathon with ten movies, and it's going

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Speaker 3: to end at.

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Speaker 8: So she literally made that up on the floor.

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Speaker 9: The level of detail specificity. And also I love how

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Speaker 9: like ambitious she is. Kids have got it down, they

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Speaker 9: know how to have a good time.

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Speaker 1: I was just the moral of the story. I think

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Speaker 1: from that one is do we think big enough?

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Speaker 2: Yeah?

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Speaker 9: Yeah, the adult answers are way too Monday.

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Speaker 1: All right, Well, I guess we'd better go now, let's

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Speaker 1: wrap this episode. Thank you Laura, thank you.

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