It's not about the Money... But it is! with Sam Stubbs - Episode 25 of Better Business, Better Life!

Sam Stubbs is the founder of the nonprofit KiwiSaver fund Simplicity. A reformed investment banker and stockbroker his career also spans politics, philosophy and technology. His mission is to make the finance industry a force for good as a source of profit which he thinks can be achieved by companies embracing long-term thinking, sustainability and full diversity.

He set up Simplicity with the aim to disrupt the KiwiSaver model, in the midst of a midlife crisis. It was never about the money for him but the money he can create for other people!

What is Simplicity and what is its mission and vision?

‘We're a nonprofit fund manager. If you're overseas you might have heard of Vanguard… the vanguard of New Zealand… wouldn't be too far wrong. Our main aim is to give people dignity in retirement and how we do that is we give them choices. People who have choices in life have dignity.

We run as a nonprofit fund manager, which charges the lowest fees and making people richer. Simplicity is a charity, a social enterprise, a nonprofit, a whole lot of things! We give 15% of the fees we do earn to charity.

We've been running for almost five years now and we manage about $3 billion on behalf of over 60,000 members, in total we're giving away about $100,000 a month to charity, and making extremely good returns.’

In this podcast, Sam talks about the journey from Westie to Corporate & back to fighting for the people. 

Simplicity was an idea developed by four guys at a pub with a piece of paper. 

Sam shares how he got the right people into the business & some of the challenges along the way.

Why the title of the Podcast? Sam shares that he didn't start Kiwisver to make money - rather help other people have dignity in retirement, however, he also shares how cash flow really is king in building a business & how you should treat every last dollar as if it were your own.

For Sam's 3 tips, head to our website - https://www.debrachantry-taylor.com/podcast

Debra Chantry-Taylor

Professional EOS Implementer | Entrepreneurial Leadership & Business Coach | Business Owner

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