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Keep The Change
NZ Has Changed FOREVER & Some Can't See It
5 years ago I went live on Instagram warning people about what 'free' money could mean. 5 Years on I go live to share what I think we've seen happen.
New Zealand's economy has fundamentally changed and won't revert to how things were. In this video, we explore how to adjust to these economic shifts, emphasizing the importance of controlling your own income. We discuss the current economic climate, the impact of inflation and rising property prices, and practical strategies to increase your earning potential. Discover why "skills pay the bills," and learn actionable tips for navigating uncertainty, leveraging opportunities, and staying ahead despite economic challenges.
1. Economic Landscape Has Changed:
NZ economy won't return to pre-pandemic norms.
Current environment remains challenging, despite expectations of improvement by 2025.
Interest rates peaked and are slowly declining, but economic recovery is gradual.
2. Economic Lessons from the Pandemic:
Pandemic showed economy's resilience due to digital solutions (Shopify, online stores, remote working).
Revealed that the economy shifted significantly towards digital and skills-based sectors.
3. Inflation and Housing:
Wage growth projected at 2.6%, while housing prices expected to grow at 6% annually.
Imbalance between wage growth and property inflation highlights a fundamental economic issue.
People are leaving for better economic opportunities overseas (e.g., Australia).
4. Importance of Controlling Your Income:
Relying solely on wages won't keep pace with inflation or asset growth.
Increasing your income through skills is essential ("skills pay the bills").
Government budget and policy won't significantly boost wages or ease pressures soon.
5. Examples of Increasing Income:
Examples include car cleaning, photography services, and value-added services for older, wealthier demographics who value convenience.
Side hustles, skills-based work, and entrepreneurship can significantly boost income.
The key is identifying what people value and are willing to pay for.
6. Leveraging the Flow of Money:
Position yourself near economic activities (e.g., sports events, community activities) to capture money flows.
Identify niches and areas where spending is consistent, even in economic downturns.
7. Personal Wellbeing:
Prioritise mental and physical health for sustained success and resilience.
Maintain self-care routines to navigate economic and personal challenges.
8. AI and Technological Disruption:
AI and technology will disrupt traditional jobs; prepare by diversifying skills and income sources.
Government hasn't effectively addressed AI's economic impact; individuals must adapt proactively.
9. Practical Resources:
Keep the Change podcast episodes and webinars offer practical advice (e.g., increasing income by \$10k, managing finances).
Encouragement to use available free resources to educate yourself.
More episodes
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MM 328 - Buying Your First Home? Ask Yourself These Questions
35:09|First home buyers are grabbing record market share in NZ, making up nearly 30% of all property purchases. I remember going through the process and learning A LOT! It’s exciting, but it's also one of the easiest times to make a bad financial decision. I recently sat down with the CEO of Guardian Smith, Mikey Smith to talk about what their mortgage advisory firm is seeing in the market.Pssst...fuel your day with better nutrition (20% off first order): Radix.co.nz/KTCHey thanks for listening! Please take some form of action from this content, don’t just be a consumer, become a producer! Make sure you’re subscribed to Money Mail via Keepthechange.co.nz to receive our weekly lesson on money and financial literacy. Stay close to us on social media and share this with someone that you think this content will help. Together we can collectively improve the financial literacy of New Zealand - let’s get on with it. Find us here:@keepthechange_nzhttps://www.keepthechange.co.nz/
Is Solar The Best Investment In New Zealand Right Now?
01:12:17|Solar power is all the talk right now, especially after supply chains started creating pressure on petrol prices earlier this year. But is it all hype? Or is there genuinely an incredible opportunity for us to harness the sun and go electric here in New Zealand? Today Im speaking with Mike Casey, founder of Electric Cherries, a cherry orchard in Cromwell powered entirely by electricity and solar. We discuss the truth about solar, how it can be finances, what kiwis need to know about it and what the future holds. When it comes to investing, everyone is focused on the stock market, crypto or the housing ponzi, but could this be an opportunity sitting right in front of us? Find Mike:https://www.instagram.com/electricorchardist/Amy from http://Levridge.co.nz has come on as a sponsor of Keep The Change to help people with their financial planning. Stuck? Find Amy : amy@levridge.co.nz Instagram: https://www.instagram.com/amy.levridgeWebsite: https://www.levridge.co.nzGenerate are supporting my vision to improve the financial literacy of 100,000 kiwis by sponsoring Keep The Change. Cheers Generate. Head to https://www.generatewealth.co.nz/change/ to find out more.
MM 327 - Why Are Employees & Employers BOTH Frustrated?
41:16|"I can't find a job." "I can't find good staff." I spend a lot of time talking to New Zealanders and I can hear both of these statements in the same week. It doesn’t make sense? If unemployment has climbed to 5.6%, (the highest in 11 years), shouldn't employers have plenty of people to choose from?Pssst...fuel your day with better nutrition (20% off first order): Radix.co.nz/KTCHey thanks for listening! Please take some form of action from this content, don’t just be a consumer, become a producer! Make sure you’re subscribed to Money Mail via Keepthechange.co.nz to receive our weekly lesson on money and financial literacy. Stay close to us on social media and share this with someone that you think this content will help. Together we can collectively improve the financial literacy of New Zealand - let’s get on with it. Find us here:@keepthechange_nzhttps://www.keepthechange.co.nz/
Building New Zealand's Biggest Vintage Rugby Business
01:23:20|Today Luke sits down with Duncan Wood, founder of Boomfa Vintage, to unpack how a side hustle selling secondhand rugby jerseys on Instagram turned into a full-time business. Duncan shares the mindset shift it took to quit a stable corporate sales job, the fear of breaking the GST threshold that held him back for years, and how posting daily content eventually landed him on the field at an NRL Grand Final. It's a raw look at the risk, patience, and consistency behind building a real business out of a genuine passion.Find Duncan:Website: https://boomfavintage.com/ Instagram: https://instagram.com/boomfa_vintage/ YouTube: https://youtube.com/@duncanwoodNZAmy from http://Levridge.co.nz has come on as a sponsor of Keep The Change to help people with their financial planning. Stuck? Find Amy : amy@levridge.co.nz Instagram: https://www.instagram.com/amy.levridgeWebsite: https://www.levridge.co.nzGenerate are supporting my vision to improve the financial literacy of 100,000 kiwis by sponsoring Keep The Change. Cheers Generate. Head to https://www.generatewealth.co.nz/change/ to find out more.
MM 326 - The Next 'Crisis' Is Coming...Do You Know What It Is?
33:02|Over the past few weeks, things have started to feel...normal again. (I have probably jinxed us now!). Even a mate said to me ‘Yeah it’s nice to have a break from the crises but we are surely due for another one 😂’. The next crisis isn't something you'll see coming months in advance. It will probably arrive in a completely different form to the last one. Let's get ready...Pssst...fuel your day with better nutrition (20% off first order): Radix.co.nz/KTCHey thanks for listening! Please take some form of action from this content, don’t just be a consumer, become a producer! Make sure you’re subscribed to Money Mail via Keepthechange.co.nz to receive our weekly lesson on money and financial literacy. Stay close to us on social media and share this with someone that you think this content will help. Together we can collectively improve the financial literacy of New Zealand - let’s get on with it. Find us here:@keepthechange_nzhttps://www.keepthechange.co.nz/
A KTC Listeners Journey With Money - Huia Pocklington
54:15|Huia grew up in a single-mum household on Waiheke Island where money was never talked about, then found herself as an adult who was, in her own words, "absolutely the wrong person to have a credit card." She opens up about her tertiary overdraft that took years to clear, the guilt she still feels using money for anything beyond basic needs, and how marrying into a family who talked openly about wealth completely changed her relationship with money. This isn't an expert interview, it's a real, honest conversation with a KTC listener about the messy, ongoing journey of figuring money out.Amy from http://Levridge.co.nz has come on as a sponsor of Keep The Change to help people with their financial planning. Stuck? Find Amy : amy@levridge.co.nz Instagram: https://www.instagram.com/amy.levridgeWebsite: https://www.levridge.co.nzGenerate are supporting my vision to improve the financial literacy of 100,000 kiwis by sponsoring Keep The Change. Cheers Generate. Head to https://www.generatewealth.co.nz/change/ to find out more.
MM 325 - Dear Young Peopel: Getting Rich Takes Time
40:33|There seems to be a theme in my DM's from people in their 20s. Probably nothing new to be fair! When I was in my twenties, I wanted things to happen faster too. I've now interviewed hundreds of successful people across New Zealand. The pattern is often pretty boring. Almost every one of them eventually picked one thing and stayed with it for years. So, with that said, some advice: take it or leave it. Pssst...fuel your day with better nutrition (20% off first order): Radix.co.nz/KTCHey thanks for listening! Please take some form of action from this content, don’t just be a consumer, become a producer! Make sure you’re subscribed to Money Mail via Keepthechange.co.nz to receive our weekly lesson on money and financial literacy. Stay close to us on social media and share this with someone that you think this content will help. Together we can collectively improve the financial literacy of New Zealand - let’s get on with it. Find us here:@keepthechange_nzhttps://www.keepthechange.co.nz/
Making $400k at 24 and Millions in his 30’s. What’s It Like?
01:09:58|Whilst Simon was in his early 20's he was making more than the prime minister of New Zealand, despite dropping out of University. He then left his job at 25, built his own business and went on to sell it for many millions of dollars. He's sold 4 businesses by the age of 38 and made the Deloitte fast 50 3 times... In this episode, he breaks down how you can actually build wealth in New Zealand.Find Rolland:https://www.linkedin.com/in/simon-rolland-6751bb8b/https://www.zurix.co.nz/Amy from http://Levridge.co.nz has come on as a sponsor of Keep The Change to help people with their financial planning. Stuck? Find Amy : amy@levridge.co.nz Instagram: https://www.instagram.com/amy.levridgeWebsite: https://www.levridge.co.nzGenerate are supporting my vision to improve the financial literacy of 100,000 kiwis by sponsoring Keep The Change. Cheers Generate. Head to https://www.generatewealth.co.nz/change/ to find out more.
MM 324 - 2x 17yo. Making $1,000 In A Day. How?
36:09|Recently, a 17-year-old asking if he could pay me for an hour of business advice. What in the helly! I jumped on the call. 2 of them turned up. For me, I wanted to understand what a teenager was doing that made him think investing in advice was worthwhile. For the big reveal, turns out he and a mate spend their weekends knocking on doors, offering one simple service.Pssst...fuel your day with better nutrition (20% off first order): Radix.co.nz/KTCHey thanks for listening! Please take some form of action from this content, don’t just be a consumer, become a producer! Make sure you’re subscribed to Money Mail via Keepthechange.co.nz to receive our weekly lesson on money and financial literacy. Stay close to us on social media and share this with someone that you think this content will help. Together we can collectively improve the financial literacy of New Zealand - let’s get on with it. Find us here:@keepthechange_nzhttps://www.keepthechange.co.nz/