Welcome to That Home Loan Hub, your ultimate guide to mastering the world of home loans and property. I'm Zebunisso Alimova, here to simplify the complexities of real estate and provide you with expert insights and the latest trends.
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A 10-year-old walks into a school holiday podcast and accidentally delivers a masterclass in money basics. Aslan joins me for a funny, sharp chat that starts with what money can buy (yes, lollies make the list) and quickly turns into real financial literacy for kids and families: how to earn money young, why saving matters, and how to think about spending without blowing it all at once. If you’ve ever wondered how to teach kids about money without lectures, this is the kind of conversation that does the job naturally.
We get practical with pocket money, simple side hustles like cleaning and lawn mowing, and setting savings goals for big-ticket wants like an electric scooter or a PS5. Then we take an unexpected turn into investing, with shares in familiar companies as a way to make “stocks” feel normal rather than scary. We also talk about earning through coaching at taekwondo, and how skills can become income even before you’re a teenager.
From there, we zoom out to grown-up topics explained in kid terms: what a mortgage is, why banks charge interest rates, and why you often pay back more than you borrow. To wrap up, we compare free fun with paid fun during the school holidays, revisit a lemonade stand that nearly hit $100 in one day, and preview inflation with the clearest example possible: the same lolly packet costs more and sometimes comes with fewer lollies. If you care about personal finance, money habits, investing basics, mortgage basics, and inflation explained simply, you’ll get plenty to think about.
Subscribe for more real-world money chats, share this with a parent or whānau member, and leave a review if it helped. What’s one money lesson you wish you learned at 10?
house. A car, a house, and lollies. Yeah. That's a lot of stuff you can buy with money. Okay. And Aslan, for those that are listening, and if you are 10 years old, what do you think they should know about money?
SPEAKER_01
How to make it, uh to what to do with it, and to save up.
SPEAKER_00
Okay. So if you think that people should know how to make money, how should they make money if they're only 10 years old?
there's insurances and mortgages? Yeah. What's a what's a mortgage, hasn't it?
SPEAKER_01
Like a house or like if you want to like buy a house, you go to Sebony Salymov because she's the best.
SPEAKER_00
A little promotion. Okay, so I help people buy houses by giving them a mortgage. Yeah. But what is a mortgage? Can you explain to someone that's 10 years old like you what is a mortgage?
SPEAKER_01
A mortgage is like a house, or like if you want to buy a house, that's basically like a mortgage. Yeah, I think so. That's it.
SPEAKER_00
It's a loan.
SPEAKER_01
A loan, yeah, yeah, that's what I'm thinking of. Um so you can buy like a house and then you have to pay the bank if you don't have enough money, so you get a loan from the bank, and you have to pay back the loan even more. So if you get a million, if you let's say you get a million dollars for a m for a house, you have to pay no loan, let's say, for 1.2 million or 1.5 million over time.
SPEAKER_00
Why is that?
SPEAKER_01
Because that's how they make money.
SPEAKER_00
Mmm. That's because of the interest rate.
SPEAKER_01
Yeah, interest rate.
SPEAKER_00
Yeah. Do you know about interest rates?
SPEAKER_01
It's nothing that goes up and never goes down.
SPEAKER_00
Oh. Okay. Okay. And do you know anything about the compounding interest? No. Okay. Maybe next episode when you come back, we can talk about compounding interest. Yeah. Yep. And did you enjoy your school holidays so far?
SPEAKER_01
Yeah, it's been fun.
SPEAKER_00
It's been fun? Yeah. Okay. What did you do?
SPEAKER_01
We had a couple Easter hunts. We had chocolate eggs.
Lorraine and then I made some lemonade freshly squeezed, and then I sold it for a two dollars a cup, and then people bought it for me, and then I made lots of money and made almost a hundred dollars.
SPEAKER_00
In one day.
SPEAKER_01
Yeah.
SPEAKER_00
Yeah. What did you do with that money?
SPEAKER_01
I don't even know.
SPEAKER_00
Mmm.
SPEAKER_01
I gave some to Ami and Zara 10%, which is so I had $80 left. And then bought some ice cream and then I think I did some cheers.
SPEAKER_00
Mmm.
unknown
Yeah.
SPEAKER_00
Are you gonna do any business activities this school holidays?
SPEAKER_01
I hope so.
SPEAKER_00
Yeah. What else do you want to do?
SPEAKER_01
I don't know. Maybe sell some more lemonade, but no, it's cold, so winter.
SPEAKER_00
So maybe you should m sell people some hot tea with lemon and ginger and honey. Yeah. Yeah. Okay. Alright, Aslan, did you have fun today with me talking on podcast? Um yeah. Are you gonna come back?
SPEAKER_01
Yep.
SPEAKER_00
And next time when you come back, what do you want to talk about?
SPEAKER_01
Uh inflation.
SPEAKER_00
You wanna talk about inflation? Well, do you want to mention quickly what is inflation?
SPEAKER_01
It's when stuff go up. So let's say you bought a lolly
packet for five dollars, and then when and then if it's 150% inflation, it will be seven dollars and fifty cents.
SPEAKER_00
For the same packet of lollies. Yeah. But you know, sometimes they're even cheekier and they actually put less lollies. They make the packets even smaller. Yeah. That also could be part of the inflation. Yeah. Okay. Well, thank you for so much for coming. It was lovely having you as a guest and see you soon again.
SPEAKER_01
Yeah, and buy a house before inflation goes up again. Bye.
