It's not necessarily wasting your money to "pay off someone else's mortgage". Photo / NZME
Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's whether you can still get ahead financially as a renter. Hosted by Frances Cook.
It's no secret New Zealanders love property, whether it's buying it for their own home, or as an investment.
But is it the ticket to wealth?
You'll often hear that renting is dead money, and that you shouldn't waste your time paying off someone else's mortgage.
That's not necessarily true - and there's been some number crunching to prove it.
For the latest podcast, I talked to actuary Emma Vitz.
For the interview, listen to the podcast here.
• If you have a question about this podcast, or a question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here, Instagram here, and Twitter here.
• Listen to the full interview on the Cooking the Books podcast. You can subscribe on iHeartRadio, Apple Podcasts, or
'Debt becomes more like a rent payment that people get so used to paying.'