As interest rates rise, how to make sure your money survives and even thrives

<p>Each week, BusinessDesk and the NZ Herald's Cooking the Books podcast tackle a different money problem. Today, it's the opportunities for your money in a high interest rate environment. Hosted by Frances Cook.</p> <p>Talk about interest rates is everywhere right now, and for good reason.</p> <p>They're the secret sauce that changes everything in the money world, even if you don't see the direct impact at first. </p> <p>Most recently, the Reserve Bank has yanked rates up again by an unprecedented 0.75 per cent, the most they've ever increased interest rates in one go. </p> <p>In the last 18 months, the Official Cash Rate has increased from 0.25 per cent to 4.25 per cent. </p> <p>The Official Cash Rate is how the Government influences interest rates elsewhere, but what happens to those interest rates depends on if it's your mortgage, a credit card, or a savings account. </p> <p>It's all different. </p> <p>While we know this will cause financial pain, with any form of debt becoming more expensive, there are actually opportunities here, too. </p> <p>Savings, investments like bonds - those are all changing too. And if you're careful, you could end up making money. </p> <p>For the latest podcast I talked to Tim Fairbrother, certified financial planner from Rival Wealth.</p> <p>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 <a href="https://www.facebook.com/FrancesCookNZ/">Facebook here</a>, <a href="https://www.instagram.com/francescooknz/">Instagram here</a>, and <a href="https://twitter.com/FrancesCook">Twitter here</a>.</p> <p> </p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>