3. Is Financial Comparison my Friend or Foe?

Hello and welcome to another episode! Episode three of It's No Secret tackles the question...

IS FINANCIAL COMPARISON OUR FRIEND OR FOE?

Comparison, when it comes to money, can be such a slippery slope or it can be a blessing.

It's something we all do, just not out loud. I'd argue that you're probably lying to yourself if you think you don't compare or at least think about what other people are doing when it comes to money, investing or even their salaries.

In this episode we cover: 

• Should you compare your salary with your colleagues or friends and how do employers feel about this?
• How do we know what are good financial benchmarks to compare ourselves against?
• What to do if we want to engage a friend or family member in conversation around money
• The benefits of having a money mentor 
• Being prepared to hear some hard truths and what to do if it's all too much 

Plus as always, we end the episode with the key actions you can take right now, if financial comparison is something you would like a better handle on.

If you're keen to check out more, or see the resources discussed in this episode, head to https://itsnosecret.co.nz/3

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Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.

Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz