The Happy Saver Podcast - Personal Finance in New Zealand cover image

62. I retired at 39!

The Happy Saver Podcast - Personal Finance in New Zealand

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How a Dad Invested in a Student Loan

In 2006 the Labour government removed interest payments on student loan for all borrowers resident in New Zealand. Brendan stopped his extra payments and began only paying the percentage that they garnished from his wages each fortnight which he thinks was about 10% but today it's 12%. But instead of spending that now surplus student loan money he took the advice of friends who appeared to be well off and he visited the financial advisor. He ended up with two ING funds but this first fund got his surplus student Loan money but now adorned interest and apart from still having a big chunk of debt it felt logical to him to invest. "I always find this logic really interesting the thought that because it is interest free you shouldn

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