Keep The Change

We spoke briefly about how January wasn’t very flash for investors. On the 31st of January I was brave enough to pull up my Financial Position. $37k of networth gone! Crypto, stocks, kiwisaver, sharesies, it had all sh!t the bed to put it politely. This is a time for logic, not emotion.Hey 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/ Hosted on Acast. See acast.com/privacy for more information.

On the weekend, I was giving someone a hand with their finances and we noticed something pretty alarming. The cost of petrol and parking for them was over 10% of their total salary. We know from recent data that transport was the second biggest contributor to inflation for 2021. Statistics New Zealand said during last year the average price of 91 octane petrol increased 30%, from $1.87 per litre to $2.45 during the year. So what can we do?Hey 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/ Hosted on Acast. See acast.com/privacy for more information.

What’s going on? A quick summary of some of the thoughts I had over the long weekend when thinking about prices going up, debt levels, the economy and what we can do to get back in control. Enjoy!Hey 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/ Hosted on Acast. See acast.com/privacy for more information.

If you haven’t bumped into my passion project ‘Boys Get Paid’, you might find this subject line very confusing. Two Saturdays ago we hosted an event for 850 people. We also run a ‘punters club’ where we pool everyone's money and bet it on behalf of everyone on the night. We had over 7,500 people deposit money from all over the country (and a few Aussies). This was the 5th year of doing this and we wanted to set a target for a pool of $500,000. I wanted to share a few things with you that I have learnt from this journey.Hey 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/ Hosted on Acast. See acast.com/privacy for more information.

From time to time, I will go through the assets that I own and I will question myself about whether they are performing. Buy and hold is a great simplistic strategy, but sometimes, things can change and sometimes our tactics need to change as the world does. We discuss getting clear on thinking about the purpose for purchasing any type of asset.Hey 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/ Hosted on Acast. See acast.com/privacy for more information.

Lately, we’ve been talking about prices going up and most people are probably just skimming past it thinking it doesn’t apply too much to them. I’ve put together a practical exercise you can do over the weekend. If you are brave enough, you need to look at EVERY cost in your life. This isn’t fun, but neither is not sleeping or worrying about money, so get this done.Hey 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/ Hosted on Acast. See acast.com/privacy for more information.

Have you heard this saying before: ‘Your network is your net worth’? From what I have seen (as much as we might not like it), these sayings are very true and we will all see this playout throughout our lives and probably even use these sayings. Sometimes these things can work for us and other times against us. Ultimately, you need to build connections over time so that you can get these things working for you.Hey 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/ Hosted on Acast. See acast.com/privacy for more information.

Tuning in with Adam from Compound Wealth to find out what we need to be thinking about when it comes to Kiwisaver in 2022. Adam will run us through some of his recent articles including a look at which provider had the best performance across different fund types:https://www.compoundwealth.co.nz/.../what-are-the-best...Adams team have a free Kiwisaver Fact Find that you can complete at any time to get a recommendation on what you should or shouldn't be doing:https://www.compoundwealth.co.nz/kiwisaver-fact-findFind Compound Wealth here: www.compoundwealth.co.nzHey 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 Keethechange.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/ Hosted on Acast. See acast.com/privacy for more information.

Last week we were talking about the vehicle we are in and whether that is going to make it when it comes to taking us to our desired destination of financial goals. I want to tell you a story about one of my best mates. He recently sent through a screenshot of shares that he owns and they had gone past one million dollars in total. This isn’t a sharesies account. In fact, it is one share and one share only. It is shares in the company he works for.Hey 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/ Hosted on Acast. See acast.com/privacy for more information.

A NY special podcast looking at where some of the things you believe about money came from. What major life events have shaped how you see the world and how you can work out whether those thoughts serve you well. A very raw podcast to get you thinking. Plus the thief outside as we start the podcast!Hey 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/ Hosted on Acast. See acast.com/privacy for more information.