Personal Finance with Kaiz Hudda: Recent Episodes
Kaiz Hudda
My name is Kaiz Hudda, a Software Engineer by profession. I invest in real estate, stocks, and crypto and am on a journey to escape the rat race and become financially free, EARLY.
The podcast will educate you on how to build an investor mindset, how to build your assets in Real Estate, Cryptocurrency, Stocks & build side hustles that will generate you money outside of your 9-5.
If you thought this podcast helped you with your personal finance please be sure to support this podcast, by heading over to https://www.patreon.com/personalfinancewithkaiz to gain exclusive content.
It's been 52 weeks, 52 episodes of the Personal Finance with Kaiz Hudda podcast. That's 1 whole year, where we have learned about personal finance and how to improve our finances and reach financial freedom early.
So I thought why not go down memory lane and recap some of the most downloaded episodes?
On this weeks episode we talk about how to get into your first home. I go through various tips and tricks that will help you be prepared and get you into a home faster.
In this week's episode, we go through alternative investment types that are not the stock market, real estate, or cryptocurrency.
These alternative investments tend to do better than investing in the traditional investments above.
The alternative investments we will talk about today are:
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Watches
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Cars
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Starting your own business
So what are you waiting for? Hit that play button and let's get this episode started.
In this week's episode, we delve deeper into understanding the benefits of paying off your mortgage early.
We go through the following benefits:
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Pay off Debts
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Saving and Investing
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Save on Interest Costs
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Reduce Stress
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Spending
As always, this is not personal financial advice, so don't sue me, bro.
This episode focuses on how to negotiate a higher salary with your current employer or when you move to another company. This episode was made for everyone who wants to save more, wants to invest more, but just doesn't have the cash flow to do so. The 6 ways to negotiate a higher salary are as follows: 1. Engage with Your Manager First 2. Create a Brag Book 3. Do Market Research 4. Use Leverage 5. Be Specific 6. Don't Be Afraid
In this week's episode, we go through how to manage your hard-earned money using the 50/30/20 rule. This is a budgeting-focused episode, with the main goal to chat with you about the 50/30/20 strategy which I think is one of the best ways to budget and the simplest way to do so.
Other than covering what the rule is all about, we will also go through the 3 main pillars or spending categories of this rule, which are as follows:
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Needs
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Wants
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Savings
Disclaimer: I am not a financial advisor, please seek financial advise before using any of these techniques to make sure its the best fit for you.
In today's episode, we are going through exactly what I am doing in this cryptocurrency bear market. We cover the following:
1. Dollar Cost Averaging (DCA)
2. Stake
3. Research
Note: I am not a financial advisor or an accountant for that matter. Please seek advice from a professional in the field.
In today's episode, we are going through some ways you can spend your tax refund.
We will cover the following ways:
1. Pay Down Debts
2. Add to your Emergency Fund
3. Spend on Experiences
4. Invest in Stocks/ETFs/Index Funds
5. Fund your Retirement
Note: I am not a financial advisor or an accountant for that matter. Please seek advice from a professional in the field.
In today's episode, we are going through some ways you can save on tax this end of the financial year when you lodge your tax return. We will cover ways of maximizing your tax for:
1. Salaried Employee
2. Small Businesses
3. Income Generating Assets like investment property, & shares
Note: I am not a financial advisor or an accountant for that matter. Please seek advice from a professional in the field.
In this week's episode, we go through the 4 reasons why I moved to Melbourne, Australia from Auckland, New Zealand. I wanted to make this episode to help you re-evaluate your current situation whether it is work, career, personal, or finance related. By evaluating your current situation there may be opportunities for you to get out of your comfort zone and push yourself to do something different in order to continue to grow.
The four reasons we cover off today are as follows:
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Living Costs
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Salary
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Buying a House
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Finding Myself
I hope you enjoy today's episode, as much as I enjoyed recording it!
Note: I am not a financial advisor, so please seek financial advice before making any sort of financial decision.
In this week's episode, we go through exactly what a recession is, what happens in a recession, and how you can prepare for a recession. Here are the 4 tips that we will go through:
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Emergency Fund
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Bad Debt
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Education
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Just Chill
Note: I am not a financial advisor and this is not financial advice
In today's episode, we will go through exactly why the central banks around the world have increased the official cash rate (OCR). We will go through what the official cash rate is, who are the central banks and what they do and what effect changes to the cash rate have on real estate, stocks, and savings accounts. Sign up to ubank, & we'll both score $20 when you sign up using my code, 69T5EYL, and make 3 purchases using your debit card or phone 🤑.
I am not a financial advisor and this is not financial advice, please seek a financial advisor's help, if you require any assistance. Keywords: RBA, RBNZ, FED, Interest Rates, Cash Rate
In today's episode, we go understand the tax system in Australia, New Zealand, and really any developed country in the world. We focus on the following:
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What is Income Tax
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Why Do We Pay Tax
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How Tax Brackets Work
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How to Calculate Tax For The Income You Earn
We break this down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out.
I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we discuss the following:
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What is a Property Manager
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What Do They Do / Their Responsibilities?
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Advantages / Disadvantages of Having a Property Manager
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Why You Need a Property Manager
We break this down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out.
I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we discuss 5 reasons why you should have an emergency fund. We talk about the following:
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Losing your Job
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Health Expenses
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Home Repairs
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Car Repairs
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Savings Goals
We break this down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out.
I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we talk about what interest-only loans are, how they might actually be helpful for investors, and what the downsides are of an interest-only loan.
We break this down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out.
I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In this episode, we break down 4 investing strategies that changed my life and how they could change your investment mindset. Also, I just want to mention that I am not a financial advisor and this is not financial advice. So please seek financial help from an advisor if you are unsure of anything.
In this episode, we break down exactly how to figure out which credit card to get if that is what you are looking to do.
We focus on 4 different scenarios that will help you understand how you can select the perfect card for you.
We will go through what credit card scores are all about, and the disadvantages of credit cards, to give you the most objective view possible.
Also, I just want to mention that I am not a financial advisor and this is not financial advice. So please seek financial help from an advisor if you are unsure of anything.
This episode will help spark a few ideas as to what passive income ideas you can get started with. We will breakdown 3 passive income ideas in great detail. Here are the 3 passive income ideas we will be talking about today:
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Share your Knowledge
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Cryptocurrency Staking
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Share Market Investing
This episode deep dives into 5 of my largest stock holdings. So in this episode I breakdown exactly which stocks I am holding and the reason as to why I am holding the company of the ETF. Check out the episode to find out the 5 stocks I invest in!
Please note, I am not a financial advisor, and this is not financial advice. This is just what I am doing from what I have learned. Please always do your own research before investing in any stocks or ETFs.
So you have $10,000 to invest, but don't have any idea where to invest it, other than keeping it in the bank? Let's look at 4 ways in which you can invest this money to really have a beneficial impact on your life.
The four ways we are going to talk about is as follows:
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Invest in an Emergency Fund
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Pay down Bad Debts
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Invest in Index Funds
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Invest in your Retirement Account
In today's episode, we go through 4 money traps to avoid in your 30s.
Here are the 4 money traps to avoid we talk about in this episode:
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Not Investing
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Having Credit Card Debt
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Buying an Expensive Home
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Buying a Car Thats to Expensive
We break this down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out.
I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we go through 5 ways you can build your deposit to buy your first home. This episode will help you find ways to build up your deposit so that you can get onto the property ladder quicker.
Here are the 5 ways to build a deposit that we are going to talk about in this episode:
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KiwiSaver / SUPER
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Government Schemes
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Bank of Mum and Dad
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Sale of Assets
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Savings
We break this down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out.
I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In this week's episode, we go through stock market terminology that each of you should be aware of. These concepts will help you make better investing decisions and gain an overall better understanding of how the markets operate. We go through the following 3 corporate actions that publically traded companies can undertake: 1. Dividends 2. The Stock Split 3. The Reverse Split We break this down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out. I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we go through 4 reasons why you should NOT buy a home. This episode was created to help you have the full view of investing in property so that you can make an informed decision when embarking on this big financial decision.
We go through the following 4 reasons why you should not buy a home in detail:
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Homeownership Costs
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Tied Down to a Location
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No Emergency Fund
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Not Enough Deposit
We break this down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out.
I am not a financial advisor, please seek financial advice before making any sort of financial decision.
So with popular demand, here it is, four books that changed my life.
- Rich Dad Poor Dad by Robert Kiyosaki
2. The 7 Habits of Highly Effective People by Stephen Convey
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I WIll Teach You to Be Rich by Ramit Sethi
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The Power of Now by Eckhard Tolle
In today's episode, we go through 4 common mistakes to avoid, when getting started to invest in the stock market. We go through the following 4 investing mistakes in detail:
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Putting All Your Eggs In One Basket
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Being Impatient
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Trying To Time The Market
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Not Investing At All
We break this down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out.
I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we are breaking down key real estate concepts and jargon into a simple and easy-to-understand way so you can use this to help you navigate the real estate world & even start your real estate investment journey.
We break this down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out.
I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we go through 6 tips for saving money.The 6 things that we focus on in today's episode are:
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Tracking Your Expenses
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Cut Down Your Spending
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Automate Your Savings
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Set a Savings Goal
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Pay off Debt
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Review
We break this down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out.
I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we go through my investment plan for 2022. We breakdown exactly what I am investing in for 2022. I also go through some tips and suggestions for what you can potentially do for your own investment plan. The 6 things that we focus on in today's episode are: 1. Stock Market 2. Real Estate 3. Cryptocurrency 4. Cash 5. Secret #1 (Listen to reveal!) 6. Secret #2 (Listen to reveal!) We break this down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out. I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we go through 6 things you should know before you buy a house.
The 6 things that we focus on in today's episode are:
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Hidden Costs
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Buy a House You Can Afford
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Sort out the Neighbourhood, Traffic, & Noise
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First Homers Grant
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Get an Inspection Done
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Ask Questions
We break this down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out.
I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we go through 4 side hustles you can start today to start earning extra income other than your 9-5 job.
The 4 side hustles that we focus on today's episode are:
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Reselling
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Uber
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Monetize Your Skillset
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Social Media Manager
We break these habits down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out.
I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we will deconstruct what a mortgage broker does, why you need one, how they can help you get a home loan. We will also understand the benefits and downsides of using a mortgage broker. We will also cover who mortgage broker might be best suited for. Here is a brief overview of the benefits of mortgage brokers: Free of Charge The first advantage of going through a mortgage broker is that they don’t cost you a thing In most circumstances. they are pretty much working for you for free until you actually get a loan, till that point everything they do is free of charge. Available The second advantage of going through a mortgage broker is that they will actually pick up your calls quickly and guide you through the financial aspects of purchasing a home. You can literally ask them about anything related to this and they will be happy to answer. They have done this 100s of times before. Hand Holding Mortgage brokers are the middle man between you and the lender, they will do all the work on your behalf. They will explain all the things you can do to improve your finances before you apply for a loan, they will also help you identify any issues that could work against you and give you some solutions to remedy them or work around them. Here is an overview of some disadvantages of mortgage brokers: Commission A mortgage broker may not work with lenders that pay them a low commission. And that very lender may have a fantastic deal that is right for you, so you miss on that great deal! Longer to Process Sometimes it might take longer for your home loan application to be approved, just because you are going through a broker and not directly to the bank. As your application will need to be prioritized & as it is coming from a broker, the bank may not want to prioritize it as high compared to the home loan applications they are receiving directly. More documents may be needed Since you are working with a mortgage broker who is external to the bank, you will be required to submit extra documents to them, like proof of income, where if you applied directly with your bank for example they would have all this stuff on file ready to go. We follow this up with some questions to ask the Mortgage brokers to decide if they are the right fit for you. We break all this down and more in great detail & drop a few golden nuggets along the way, so be sure to check this episode out. I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we are talking about a property investment strategy called rentvesting. We will cover what rentvesting is, what the benefits are, followed by the downsides of rentvesting. We will also cover who rentvesting might be most suited for. Here is a brief overview of the benefits of rentvesting:
Live Where You Want - You have the flexibility to live where you want. You are not bound by the property that you purchased in a certain area. So you could live close to work, close to school, or to family. This is all while still investing property elsewhere, where it makes more sense to invest in.
Low Maintenance Costs - The owner of the property is liable for maintaining the place you are renting. So you will save a lot on not having to worry about that, as usually, you would be living in an area where property prices are higher.
Tax Benefits - You can claim a variety of different expenses when you have an investment property like interest expense, depreciation on building and fittings, costs of renting and maintaining the property, and much more. This can be used to help offset your income earnt, hence you will generally pay less tax.
Rental Income - The rent that you get from the tenants living in your investment property, can be used to pay down the mortgage and cover most if not all expenses depending on if you purchase a cash flow positive or negative property. If it is a positive cash flow property, you can use the surplus cash to pay some of the living expenses too.
Capital Gain - The investment property, in general, will appreciate in value every year. Which you can then leverage by using the surplus equity in the home to purchase another property or you could sell the property and pocket the difference between the sale price and the cost price.
Here are the downsides of rentvesting:
First Home Owner Grant - You won't be eligible to get a first home owner's grant which can be anywhere between $5-20k.
Cost of Home Ownership - You will have costs associated with your investment property, such as maintenance, property management fees, insurance, rates, water, etc.
Primary Residence is Less Secure - You are living in a property that is not yours. So if the owner decides to end your lease after the fixed term is up they can do that. If they decide to move into their home, they can do that as well. You also can't renovate the house and do any upgrades.
Stamp Duty & Deposit You have to pay stamp duty on an investment property which can be pretty hefty in Australia. While in New Zealand, if you want to purchase an investment property you have to pay a 40% deposit to do so compared to if you want to buy your first home to live in, which will only require a 20% deposit.
We break these benefits and downsides down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out. I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we are going to go through different costs associated with owning a home. These costs include:
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Insurance,
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Interest
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Property Rates
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Maintenance
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Water
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Electricity & Gas
If you are going to be renting your property out, there are two other costs associated with this as well which are:
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Vacancy
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Property Management Fees
We break these expenses down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out.
I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we will be doing things a little different. Just last week me and my good friend Shameer did a webinar session where we discussed everything Crypto, Metaverse and NFTs. So what we are going to do today is share that audio with you guys via this podcast. It is a super interesting webinar so make sure to listen all the way to the end to better understand the new digital world.
We break these terms down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out.
I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we uncover 6 life-changing habits that you can incorporate in your daily life to help you build a stronger foundation for yourself to make you happier, healthier, and more focused on achieving the goals that you set out for yourself.
The 6 habits that we focus on today's episode are:
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Creating Life Goals
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Create To-do Lists
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Give Yourself Deadlines
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Excercise Regularly
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Read Books
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Consistent Sleeping Pattern
We break these habits down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out.
I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we go through 6 key takeaways from the book, Rich Dad Poor Dad, by Robert Kiyosaki. This book will change the way you think about money and investing. This is the book that started me off on the journey to reaching financial freedom early. The key takeaways we focus on today's episode are: 1. Buy Assets Not Liabilities 2. Become Financially Intelligent 3. Take Risks 4. Its not about how much money you make, but what your net worth is 5. Learn Not Earn 6. Find Opportunities in Challenges We break these takeaways down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out. I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we go through 6 tips on how to build your wealth as a young person. The tips we focus on today's episode are:
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Read Books
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Get a Job
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Find a Mentor
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Track Your Expenses
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Start Investing
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Get a Credit Card
We break these tips down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out.
I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we outline how to buy your first HOME. This is a step-by-step guide where we break down each step needed to secure your first home, from understanding how much deposit you need to hacks to increasing the amount you can borrow from the banks and everything in between. This is the most comprehensive step-by-step guide out there. So please make sure to check this episode out!
I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we discuss what SUPER and KiwiSaver funds are and how it works. We will also understand why these systems have been put in place and how to leverage it to make more money by retirement age. I will also give you some tips at the end to boost your retirement savings instantly. It is a jam-packed episode with a lot of golden nuggets along the way. So please make sure to check this episode out! I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we discuss how much money you need at every age in order to be sorted for retirement. We will look at the net worth of an average person at ages 20, 30, 40, 50, and 60. We will also look at ways to improve and surpass these figures to be in a better position to retire much earlier than 65. It is a jam-packed episode with a lot of golden nuggets along the way. So please make sure to check this episode out!
I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we are talking about the world of insurance! We will focus on demystifying insurance, by understanding what insurance is, the different types of insurances available to you like health insurance, income protection insurance, and life insurance, what sort of insurance you could get first, and where to actually buy the insurance and get the best bang for your buck. It is a jam-packed episode with a lot of golden nuggets along the way. So please make sure to check this episode out!
I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we are talking about how to pay down your debt faster! We will focus on simple strategies you can use to lower your debt faster so you can become debt-free & start your journey to become financially independent. We also cover key concepts like good debt vs bad debt & some shocking statistics about personal debt, It is a jam-packed episode with a lot of golden nuggets along the way. So please make sure to check this episode out! I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we are talking about the world of cryptocurrency! The most controversial topic I can think of. We go through what is cryptocurrency, why it is so popular, why I personally invest in it. We also go through how to buy cryptocurrency! So stay tuned till the end for that. It is a jam-packed episode with a lot of golden nuggets along the way. So please make sure to check this episode out! I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we run through 3 reasons why you should invest in property. We start off by understanding what it means to invest in property and what are some of the goals of property investment. Then we look at who should invest in property & finally finish off by delving deeper into the 3 reasons to invest in property. It is a jam-packed episode with a lot of golden nuggets along the way. So please make sure to check this episode out! I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In today's episode, we run through how much money you actually need to have invested to retire early! We start off by understanding what it means to retire early and define what financial freedom is. After this, we run through how to calculate the amount of money you need to retire early and run through examples to make it super clear for all of you. This jam-packed episode is full of golden nuggets to help you reach financial freedom quicker. I am not a financial advisor, please seek financial advice before making any sort of financial decision.
Today's episode is a controversial one. We go through why you need a credit card and how it can help you make money! We delve deeper as to why most people should have a credit card and how you can improve your credit score in order to get the best deals from the banks and lenders alike. We also go through the disadvantages of having a credit card and how to manage the risk associated with having one. This jam-packed episode is full of golden nuggets to help you reach financial freedom quicker.
I am not a financial advisor, please seek financial advice before making any sort of financial decision.
In this episode, we go through how to build a bulletproof budget. We go through the importance of having a budget and the best way to implement a budget. We also delved deeper into understanding how to automate your finances so that it isn't a chore. This episode is full of tips and tricks to improve your budgeting game.
In this episode, we go learn all about Index Funds. We go through what an index fund is, why should you choose to invest in an index fund, how can you actually start investing in an index fund today. I also reveal my index fund portfolio so be sure to stick around till the very end. This episode is full of useful information that will help you on your journey to financial freedom!
In this episode, we go through 4 things about money I learnt the hard way. We go through why it is so important to INVEST as early as possible, get into the habit of saving some of your income and start talking about your finances to whoever is ready to listen! This is a jam-packed episode is full of golden nuggets to help you reach financial freedom quicker.
In this episode, we go through what an emergency fund is, how much to save in one, where should I keep my fund & hacks to quickly boost your savings. We also go through a step-by-step guide on how to start an emergency fund from scratch the right way.