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Keep The Change
Waiting For NZ's Economy to Get Better Won't Work... with Mikey Smith
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New Zealand isn't the same country it was five years ago. But most Kiwis are still living like it is.
We've shifted from a factory economy to a skills-based economy, but everyone's still thinking like it's 1995. While you're waiting for your 2.6% pay rise, house prices are forecast to grow 6% annually. The math doesn't work.
Mikey and I break down what's really happening: why everything feels harder, why traditional employment isn't cutting it anymore, and why some people are thriving while others are struggling.
This isn't about doom and gloom. It's about seeing the new rules of the game.
The people doing well aren't waiting for the government to save them. They're not hoping their boss gives them a pay rise. They've figured out how to get paid for their skills, not their hours.
Treasury's own data shows wages growing at half the rate of asset prices. You can keep pretending this will magically fix itself, or you can adapt to the new reality.
The country has changed. The question is: will you?Get tickets to the 2nd annual in person 'keep the change unplugged' event: https://www.ticketmaster.co.nz/keep-the-change-tickets/artist/3925924
I believe 100,000 kiwi with better financial literacy will create a better New Zealand. The Generate KiwiSaver Scheme are helping me reach this goal. Cheers Generate. Head to https://generatekiwisaver.co.nz/change to find out more.
Amy from https://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.levridge
Website: https://www.levridge.co.nz
More episodes
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MM 329 - ‘I’ll Wait Until After The Election’ (What, To Build Wealth?)
31:58|I was reflecting on a top performing podcast from earlier this year focused around building wealth. If I had to boil down a 55-minute conversation with financial adviser James Blair into one sentence, it'd be: Your biggest financial risk isn't making a mistake. It's standing still. Doing SFA. And the election has me seeing clients tell me some of their customers are waiting to commit. Before this election gets even louder, pick 1 thing that will build wealth long term. If you haven't listened to the podcast with James, I'd highly recommend giving it a crack.YouTube: https://www.youtube.com/watch?v=DQ5VOpoa0OwSpotify: https://open.spotify.com/episode/603ptFB1Z1ZMWrCvEWu4Vi?si=om1DHS4IRuOO5hk6Z6ZpOgPssst...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/
The Secret To Getting Ahead In Life: 'The Boring Season'
01:05:48|Nearly three years ago Mikey & I did a podcast about 'the hunting season' a period of your life where you spend 18-36 months focused on getting after what you want. After that resonated with people, and we saw many KTC listeners go through that period, the natural question was; whats next?That brings us to today's episode, diving into the next season required for success, the boring season.If you haven't listened to the hunting season podcast, go back and have a listen here: https://open.spotify.com/episode/5qJ5YYe18oQ271qRTKueRI?si=121876623aea4cf3Find Mikey:https://guardiansmith.co.nz/https://instagram.com/officialmikeysmithAmy 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 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/