11 money kupu (words) you should know in te reo Māori

Hei kīnaki mō Te Wiki o Te Reo Māori (12–18 o Hepetema), kua kohia ētahi kupu ahumoni mō tō kete. Anei ētahi kupu ka wānangahia e ngā rangatahi hei hāpai ake i tō rātou orangatanga ahumoni. Titiro mai.

Especially for this Te Wiki o Te Reo Māori (12–18 September), there are a few financial terms it can pay to know! Here are some that our rangatahi (young people) have been getting into to lift their financial wellbeing.

1. Rakahinonga (entrepreneurial)

He tangata ka whakatū i tētahi pakihi, i ētahi pakihi rānei, ka mau ki ngā raruraru pūtea i runga i te tūmanako ka whai hua.

A person who sets up a business or businesses, with the goal of making a profit while understanding the financial risks.

2. Mahi āpiti (side hustle)

He tūmomo mahinga hei tautoko i tō whakatipu pūtea, ehara i tō aronga matua, i tō mahi wā kikii rānei.

An alternative way to grow your income to compliment your main activity.

3. Tau moni taurewa (credit score)

He tau ka whiwhi koe i runga i te pai o tō utu i ō nama i mua, tō utu moni taurewa rānei. Ka teitei ake tō tau, ka pai ake ngā whakaritenga moni taurewa ka whiwhi koe.

A score for you based on how well you’ve paid bills or repaid loans in the past. If you’re a high scorer, you’ll get the best loan deals.

4. Uara more (net worth)

Ko ō rawa i muri i te tangohia o ō nama. Mā konei koe e mōhio ai mēnā kei te ahu whakamua koe ā-moni nei. 

What you own minus what you owe. It’s the way to really tell if you’re getting ahead moneywise.

5. Haumitanga (investment)

Koinā te tuku moni ki tētahi mea ko te tūmanako ka piki tōna uara i roto i te wā me te aha ka whiwhi moni atu anō. Ko ētahi tauira ko te hoko rawa whenua, to hoko hea i tētahi pakihi, te hoko kōura rānei.

Putting money into something so it will increase in value over time and in turn earn more money. Examples include buying property, buying shares in a business, or buying bonds.

6. Whakahokinga (returns)

Ko ngā moni hou ka hoki mai ki tō pūkoro i ō moni haumi.

What you get back in your pocket from investing.

7. Ngā mākete pea me ngā mākete pūru (bear market, bull market)

I te wā e auheke ana te mākete-hea, ā, e whakakauriki ana te taiōhanga, ka kīia he mākete 'pea' (e anga whakararo ngā koikara). I te mākete 'pūru', e aupki ana anō te mākete-hea, ā, e tipu ana hoki te taiōhanga (e anga whakarunga ngā hāona). E tūmanako ana te nuinga o ngā kaihaumi ki tētahi mākete pūru (he pikinga o te 20% neke atu rānei), engari me mataara tonu ki te mākete pea (he hekenga o te 20% neke atu rānei).

When the sharemarket is trending down and the economy shrinks, it’s called a ‘bear’ market (its claws point down). In a ‘bull’ market, the sharemarket is on the rise again and the economy is growing (its horns point up). Most investors hope for a bull market (a rise of 20% or more), but need to be ready for the bear (a 20% drop or more).

8. Taiwhanga whitirangi (blockchain)

He 'meka' haumaru o ngā 'poro' matihiko e tiria ana puta noa i tētahi whatunga rorohiko whānui. Ka puritia e ngā taiwhanga whitirangi he pūkete pono o ngā moni whitirangi me ngā NFT.

A secure ‘chain’ of digital ‘blocks’ shared across a wide network of computers. Blockchains keep a trusted record of cryptocurrency and NFTs.

9. Moni whitirangi (cryptocurrency)

He moni mariko e taea ana te whakawhiti pērā i te moni tūturu. Engari he nui te rerekē o te uara o te moni whitirangi!

Virtual money that can be exchanged just like real-world dollars. But crypto can swing wildly in how much it’s worth!  

10. Moni moka (bitcoin)

Te momo moni whitirangi tuatahi i puta ki te hoko rawa, ratonga rānei mai i ētahi atu ka whakaaetia tēnei momo moni mariko.

The first cryptocurrency. It can be used to buy goods and services from others who trade in this form of virtual money.

11. NFT (non-fungible token)

He uka matihiko ahurei e kore e taea te tārua. Ka rite te NFT ki ngā mea tūturu pēnei i te taputapu, te toi hoki.  Ina hoko koe i te NFT, nāu te mahinga toi rā.

Unique digital tokens that can’t be copied. NFTs can represent real-world stuff like property or art even. If you buy the NFT, the art is yours. (Hopefully!)