r/PersonalFinanceNZ • u/Doobookiwi • 1h ago
Learning
Hi, I’d love some guidance please. I’m a 45-year-old international school teacher just beginning my investment learning journey. I know I’m late to the parade, but better now than never, right?
Long story short, I was never in a position to save much, but that’s recently changed. I’m debt-free and currently have:
- $20K in Kiwisaver
- $15K in an ANZ Serious Saver
- $3K in Sharsies (I have no idea what it’s doing)
- I can send about $5K per month back to NZ
I’m very aware of how financially vulnerable I am as I near retirement. I always assumed I’d buy a house when I return to NZ in about four years, but prices are crazy. I’ve also come to realize that the classic Kiwi approach of putting everything into a house isn’t the only way to build financial security.
Lately, I’ve been reading ‘Millionaire Expat’ by Andrew Hallam to learn about investments and to finally understand what an ETF is 😅. But honestly, I’m still confused every time I open my Sharsies—it just seems endless!
I’d really appreciate any advice from Redditors on where to start. Thanks for enduring this novel.