Ahh, the age ole question! Asking someone who can’t predict the future to predict the future. If you are asking people ‘is now a good time to invest?’ you’re probably setting yourself up for something we like to call Not Taking Action. Firstly, what does that question even mean? What are you actually trying to ask? Secondly, how would anyone know that answer? NO ONE knows what is around the corner. Let's explore how dangerous this question is. Hey thanks for listening! Please take some form of a...
Aug 13, 2024•44 min
This is a re-release of an earlier podcast that other listeners have found very useful. Mikey Breaks down how you can actually change your mindset as he is sick of hearing people saying "you just need to change your mindset". Here is his methodology of exactly what you need to do in order to change now. 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 rece...
Aug 11, 2024•50 min
It’s no wonder the banks make billions of dollars when they are a part of every transaction. That gives us a clue…maybe the secret to making more money is to get closer to the transaction? In this podcast we will look at ‘Money flow’ and how you can get around people that move money around ensuring that it flows. Your job is to get some of it to flow to you by getting closer to people who are transacting, doing deals, solving problems, adding value and who have money.. We are about to teach you ...
Aug 07, 2024•55 min
Last week we explored the excitement that interest rates may come back down. Let's explore the things we should be thinking about when it comes to lowering interest rates, debt and mortgages? Then some potential action Items we can all think about if we have various forms of debt. Note: these are designed to get you THINKING only and are not financial advice. 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...
Aug 05, 2024•29 min
This is a re-release of an earlier podcast that other listeners have found very useful. We talk with a Keep The Change reader about their forms of debt and how they got into them. We go through some practical ways we could get back in control of this and make some suggestions of how we could do this faster. Tune in as there will be thousands of people in a similar situation. Hey thanks for listening! Please take some form of action from this content, don’t just be a consumer, become a producer! ...
Aug 04, 2024•46 min
So you want to quit your 9 to 5 huh? Well what are the steps to take to quit your 9 to 5? How do you do this? Well we are going to show you how to go about this because we’ve both done it and learned from the process. This will become a pillar piece of content for people to get them moving on their self employment or business journey. Before taking the leap into the unknown, get yourself set up properly and make sure these steps are covered first. This is a part 2 from 2 podcasts, the other one ...
Jul 31, 2024•1 hr 9 min
The Reserve Bank of New Zealand look set to cut the Official Cash Rate and this has got people thinking about what it will mean for their mortgage. Mikey the mortgage messiah stops by to answer your prayers, sorry…questions. We talk break fees, re-fixes, going short, going long. It’s all happening in this podcast. Tune in to better educate yourself about what opportunities falling interest rates may mean for you. This is not financial advice and you should seek advice from a mortgage adviser or ...
Jul 30, 2024•1 hr 22 min
Well, we’ve finally got some good inflation news. Inflation was 3.3% annually for the June 2024 quarter. This is the lowest it has been since June 2021. But we aren’t quite there yet. Still slightly outside the 3% target band. However, there is at least some confidence that we are heading inside it. And for a lot of people that will mean sweet, sweet interest rate cuts. The elixir we are craving to turn the economic tap back on. I don’t think that slow rate cuts (should they be slow) will be eve...
Jul 29, 2024•34 min
This is a re-release of an earlier podcast that other listeners have found very useful. The man who broke the Internet with his savings methodology popped by to explain to us how he removed thousands of dollars of costs from his annual expenses by simply comparing the likes of his Internet, phone, power, insurance, etc and we dive into the psychology of money plus a lot more. Do not miss this one! Hey thanks for listening! Please take some form of action from this content, don’t just be a consum...
Jul 28, 2024•1 hr 17 min
I spent most of my 20’s p!ssing up and not preparing for my future years. It seems younger people are a bit more switched on these days (thank Gard!) so you’re probably not doing that. You will be better prepared than I was. Let’s look at what you need to be thinking about when it comes to milestones in your 30’s…Emergency funds? Buying a house? Investments? No consumer debt? Career plans? Relationships? Goals? Health and wellbeing plan? A will? There is a lot to think about. In this episode, I ...
Jul 24, 2024•1 hr 3 min
Alli Kennedy is on a mission to help everyday Kiwis be educated on investing. She has created a board game for people to play to learn more about investing and needs your help to create the first 10,000 orders. In this podcast we discuss how Alli (22 years old) is having a crack at changing the wealth of the nation via her board game and seeking pre-orders plus companies to be involved to turn this idea into a reality. Sharenanigans, offering an introductory experience into the world of investin...
Jul 24, 2024•37 min
Recently I received an awesome message. A 12yo lad is out in his neighbourhood doing something we often talk about. Making an offer to transact. He offers to help and add value to his neighbourhood by solving problems. Wouldn’t it be nice to go back to that sort of mindset where you don’t fear as much as you do now, and you don’t care what people think about you? Let's explore how he is doing this and what we can learn and apply to our lives. Hey thanks for listening! Please take some form of ac...
Jul 22, 2024•27 min
This is a re-release of an earlier podcast that other listeners have found very useful. Wow! This could get interesting for you. An insight into some of the comments we often see on social media and whether all of them are true or conspiracies. We dig into the world economic forum and the great reset that we all keep hearing so much about. 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...
Jul 21, 2024•1 hr 20 min
We all dream about the freedom of working for ourselves. Being your own boss. So when do we pull the trigger and do it? Are you entrepreneurial deep down? Hate your current role? Know your goals are bigger than your current career path? This will get you thinking about WHEN it might be time to have a crack at something else. This will become a pillar piece of content for people to get them moving on their self employment or business journey. Make sure these steps are covered first. This is a par...
Jul 17, 2024•55 min
My good mate Simon pops to Auckland for the All Blacks so I make him sit down for a podcast warm up to tell us about the state of infrastructure in NZ and how we could actually improve it. Simon hires nearly 50 staff and was thrown in the deep end to run the family business some years ago. You’ll learn about his journey, what he thinks of the economy and what economy/tax changes he thinks we will see in the coming years. Enjoy! Hey thanks for listening! Please take some form of action from this ...
Jul 16, 2024•1 hr 32 min
Apparently so. That is according to some people who message me and leave me comments. I know and see how tricky it is out there, so I can see what these people are trying to say. Maybe I am too much of a realistic optimist, but I can see better financial times in the future. However, I do believe it will get worse before it gets better. (Again, realistic optimist). So should we accept our fate and give up? Let's explore! Hey thanks for listening! Please take some form of action from this content...
Jul 15, 2024•32 min
This is a re-release of an earlier podcast that other listeners have found very useful. When I put together the 30 in 30 podcast series, one of the most mentioned podcasts was around investing in yourself. Investing in businesses and deals seems complicated. It is something that not all of us are familiar with, but I like to remind people to keep it simple. Start by investing in yourself. Hey, thanks for listening! Please take some form of action from this content, don’t just be a consumer, beco...
Jul 14, 2024•30 min
Lately I’ve been getting a lot of questions from younger people who are looking to get into investing. This is exciting to see, but no matter their age, they probably shouldn’t be asking a random stranger on the internet what to do with their money. So I sat down with James Blair who is a Financial Advisor and the Wealth Director from Lighthouse Financial to discuss what we should be thinking about. James helps every day Kiwi with their longer term investing plans and we discuss how some of thes...
Jul 10, 2024•51 min
The 30th of June meant that it was time to do my month-end process. Mapping out what money I have coming in during July vs what’s going to be going out. Then I go through and tally up all asset values + debt values. This process keeps my mind on my money, and I am more in check with where everything is at. However, this time, I had a feeling that my net worth would have gone backwards and by the time I had finished my month-end process, I could confirm that my net worth decreased in the month of...
Jul 08, 2024•25 min
This is a re-release of an earlier podcast that other listeners have found very useful. Do you know that if you sell a business you shouldn't get taxed on this? We explain why and how you can think about this in terms of your side hustle. 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 ...
Jul 07, 2024•21 min
Mikey comes out swinging with a warning to the government and future governments, as well as councils that they need to be careful with all of these tax and rate increases (including inflation) because people are feeling it and we could lose them to other countries OR they may change their behaviour. We explore how this happens and go through some examples. We even TRY and find the odd solution. This is a grunty one! I have a goal to help 100,000 Kiwis improve their financial literacy. Generate ...
Jul 03, 2024•1 hr 4 min
I haven’t bought a L0tto ticket for some time. But I will admit, I had to be a part of that recent mega jackpot. I was hoping to win to figure out what it would be like to make $50milli in 2 mins. Then, how to handle it. It’s no secret that many people blitz through L0tto winnings and unexpected inheritances because they haven’t learned to be the person that knows how to handle that level of money. There is a good lesson for us here. What is it? And did L0tto just have thier biggest year in hist...
Jul 01, 2024•43 min
This is a re-release of an earlier podcast that other listeners have found very useful. Why are people so obsessed with thinking they will have a better life when the system changes? Start by changing yourself instead. 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 Keethechange.co.nz to receive our weekly lesson on money and financial literacy. Stay close to us on social media...
Jun 30, 2024•40 min
Listening is a skill and it’s becoming harder to do. We look at why that might be and how we can practise listening more than just hearing what we want to hear. It is easy to surround ourselves with what we want to hear but what if that isn’t helping us? We go through some examples where actually listening has been life changing. I have a goal to help 100,000 Kiwis improve their financial literacy. Generate KiwiSaver Scheme has sponsored Keep The Change to help me reach more people and make this...
Jun 26, 2024•54 min
The unemployment rate is currently 4.3% at the end of March 2024. It is projected to rise to over 5%. This means tens of thousands of Kiwi who could still lose their jobs. You don’t want this to be you and I don’t either. But chances are it will happen to someone we know in our wider circles. I have already seen it happen in mine and this week I noticed more KTC followers mentioning redundancy. But here are some more specific things you may want to think about. Hey thanks for listening! Please t...
Jun 24, 2024•37 min
This is a re-release of an earlier podcast that other listeners have found very useful. Dividends. Imputation credits. Withholding Tax. You name it, we break it down so that you can understand. A simple explanation of how dividends work and why you need to be aware it is income that will end up in your tax return. 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...
Jun 23, 2024•12 min
Looking to buy your first home and have absolutely no idea where to start? Got a deposit but it’s not quite enough? Do your parents have equity in their property that you could use? Looking to get your first investment property? Slice have made it easy to navigate what can be a complex area which sees property, KiwiSaver, real estate, law and finance overlap. Slice have education and tools available no matter what stage of the journey you’re at. Founder Amy Stevens joins us to discuss what they’...
Jun 19, 2024•1 hr 6 min
Each quarter the IRD release information about how many people owe them money and how much. If you've been listening to KTC for some time you'll know what I often refer to this as the data worth looking at because no one writes or talks about this. But it shows us how businesses are going out there in the economy. One of the interesting statistics is that 551,000 people owe the IRD. The number of customers with debt increased from 436 thousand in March 2023 to 551 thousand in March 2024. So, how...
Jun 17, 2024•34 min
This is a re-release of an earlier podcast that other listeners have found very useful. In this podcast we teach you everything you didn't get taught in school about why business is the most favoured way when it comes to tax rules. We explain why employees get the worst deal and explore some of the other types of investment like property. 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 ...
Jun 16, 2024•36 min
The much anticipated tax changes have been announced. How exciting, for the first time in my career, everyone is talking tax. We are going to explore the new tax brackets, why they've been adjusted and when they might next be adjusted. This will give you a VERY solid understanding of tax brackets and rules in NZ. 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....
Jun 13, 2024•1 hr 6 min
