MMS #42 | How to invest (better) like a woman. Happy IWD!

In celebration of International Women's Day on the 8th March, this episode of Money Made simple sees Jennie and Liv discussing women and money. Something we should know a bit about! We discuss the unique challenges as well as opportunities women face in terms of earning, saving, spending and investing money - both here in NZ and globally. This episode covers:

• An overview of the gender pay gap in NZ (and globally), including recent trends and how the pay gap impacts women differently
• Insights into the systemic issues and biases that contribute to financial disparities for women (including the research to back it up!)
• Career breaks and their long-term effects on women’s finances, particularly regarding KiwiSaver and other savings
• Strategies for building financial confidence, from he importance of workplace negotiation to tackling the confidence gap in job applications
• How to better manage and optimise your KiwiSaver balance as a woman (including during mat leave type scenarios)
• Tips for investing outside of KiwiSaver in the current environment
• Of course, our own lessons/learnings around investing as Kiwi women!
• Some kick-ass women focused resources to help our fellow female listeners level up their financial knowledge and power

Resources mentioned in this episode:

- Financial Services Council Research on the KiwiSaver gender gap

- SEEK's March 2023 Research on the gender confidence gap

- Money Talks for financial mentoring

- Mary Holm’s personal finance education site

- Making Cents, a personal finance podcast by Frances Cook

- One Up Project, our good friend Sarah Kelsey creating a community for self-improvement

- Money Made Simple book (and of course this same-named podcast!)

This episode not only sheds light on the financial inequities women face but also provides practical steps for overcoming these challenges. Whether you’re looking to negotiate a raise or better manage your investments, there’s something here to help you make informed, confident financial decisions. 

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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.