Step 3 Set term life insurance if you have a family to support. Shop around to get the best deal.
Step 4 Join KiwiSaver and put in at least $1043 per year to ensure you get the maximum tax credit from the government of $521. That's $521 of free money from the government every year until you turn 65 (or they change the rules).
Step 5 Put aside emergency savings to allow you to live for up to six months should you lose your job or face any other event which forces you to face a sudden loss of income.
Step 6 Buy a house if you want to live in a house and can afford it.
Step 7 If any of this confuses you, or you have something special going on (retirement, tax issues) get professional financial advice from a reputable adviser.