6 expensive headwinds of New Zealand 🇳🇿
1. New Zealand has an ageing population.
Cost = super + healthcare.
2. Health issues rising. I.e. Obesity and point 1.
Cost = system strain.
3. Infrastructure deficit.
Cost = rebuild or maintenance bill.
4. Brain/worker drain.
Cost = lost taxpayers to fund the above.
5. Capital stuck in property.
Cost = low productivity and low risk tolerance.
6. Education slipping.
Cost = weaker future economy.
Many have been watching these come at us for years, perhaps decades. But they aren’t going away anytime soon!
⚠️ As an individual you will need to plan accordingly.
- Build income outside PAYE only
- Own productive assets
- Own / Grow businesses
- Investing globally
- Increasing your earning capacity
- Look at medical insurances
- Discuss financial situations with parents (rest home costs can wipe out wealth fast)
- Have the “inheritance isn’t guaranteed” conversation
- Prepare for more tax and more inflation
What else
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