4. Investing with Family: Should You Do It For Love or Money?

Today on the podcast we are tackling the question of Investing with Family: should you do it for love or money?

Investing with family members can come in many forms; from the Kiwi dream of owning property, running your own business, investing on behalf of a family member or providing financial assistance for cultural reasons. And whilst there can be many pros to helping others, particularly those closest to us, there can also be downsides.

We know that interpersonal relationships can be affected by our money interactions and when it comes to family,  the stakes are inevitably higher.

In this episode we cover: 

• What is the difference between investing with and financially helping family - and what should you consider in each scenario
• How do you approach a conversation around money with a family member 
• How will financially assisting or investing with family affect your relationship and what can you do to protect this
• Financial resilience - what is it and why is it important when thinking about helping others
• When it's okay to put yourself first financially 
• Helping family financially for cultural reasons and how to make this work
• They keys to a successful investing partnership with family members

Plus as always, we end the episode with the key actions you can take right now, if money is something affecting your family relationships.

If you're keen to check out more, or see the resources discussed in this episode, head to https://itsnosecret.co.nz/4

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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