Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's how to tackle investing at different life stages. Hosted by Frances Cook.

Time is one of the biggest ingredients for investing success. I would even argue, it can be more important than money.

If you take $20 and invest it in your twenties, it will do far more for you than $40 invested in your fifties.

But time is powerful because it’s precious, and limited.

And sometimes, you figure out where you need to be heading a little later in life.

So if that’s you, and you’re getting more annoyed about people banging on about compound interest, and how the risky, high return investments are best when you’re young, then I hear you.

Personally, I think it’s never too late. But time does change the rules, and you should know where to start.

For the latest Cooking the Books podcast I talked to Sharesies co-founder Sonya Williams.

We discussed how to approach different investing time horizons, what makes people more confident to invest, and how to balance out any risk.

For the interview, listen to the podcast.

If you have a question about this podcast, or an idea for the next one, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/, Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook