We are all familiar with the saying Keeping Up With The Joneses. BUT there’s been a BIG change. The Joneses got rich. And you know what they are doing with it? They started passing it on. The bank of Mum and Dad is now said to be the 5th biggest lender in New Zealand. And here you are. No Mr or Mrs Jones backing your big moves. But unfortunately, here you also are: comparing yourself to your mates who have had the benefit of the bank of Mum and Dad. Let's explore the danger of this comparison.

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_nz

https://www.keepthechange.co.nz/

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Stuck at the top of the teaching pay scale, stretched with a young family, and watching inflation outpace his income, Fraser Kilgour made a bold move. He left his secure government job to jump into the world of real estate.

Backed by nothing more than a strong work ethic, an amazing wife, a leveraged property portfolio, and a desire for more.

In this episode, Fraser shares:

What it’s like to walk away from a “safe” career

The mindset shift needed to pursue higher income

How he navigated the early challenges of real estate

The difference it’s made for his family and future

This is a story for anyone feeling stuck, underpaid, or wondering “Is this it?” Sometimes the risk isn’t in leaving, it’s in staying.

If you need to find Fraser, do that here: https://www.lugtons.co.nz/teammembers/fraser-kilgour/

Instagram: https://www.instagram.com/fraserkilgour_realestate

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.

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WTF are 'green shoots' that we keep hearing about? It seems like the latest catchy economic term. Green shoots are defined as ‘signs of recovery or growth’. I like the idea of better days coming. I love the idea of ensuring that better days are coming. I recently saw a line about how Kiwi are...‘’looking for green shoots to build confidence…’’. Well, I went looking for some, and I found some 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_nz

https://www.keepthechange.co.nz/

Hosted on Acast. See acast.com/privacy for more information.

We take a big-picture look at the New Zealand property market and where things might be heading in 2025. Are prices set to rise again or are people just hopeful?

We explore where property sits in the wider economic cycle, what trends are emerging, and how AI, robots and technology could reshape how we view the value of property in the future.

If you’re investing, waiting, or just curious, this one’s for you.

This podcast features Mikey Smith of https://guardiansmith.co.nz

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 a reality. Cheers Generate. Head to http://generatekiwisaver.co.nz/change to find out more.

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You've probably seen the headlines: "AI set to take hundreds of thousands of jobs!" I saw a tech CEO say 1 in 2 entry level jobs could disappear, and we could see 10% to 20% unemployment due to AI. I am certainly starting to hear more about this in my DMs too. While the disruption is real, and I accept that, so is our ability to prepare financially. I put my brain to it and came up with some practical steps to "AI-proof" your financial future:

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_nz

https://www.keepthechange.co.nz/

Hosted on Acast. See acast.com/privacy for more information.

We are about to find out because today on the podcast, we’ve got an incredible guest who turned a tiny idea into a huge business…all before turning 23!

When Iyia Liu was 21, she bought something cool online called a waist trainer it's and thought, “Hey, if I like this, maybe other girls will too!” So she used her savings (just $6,000) to buy a few and sell them online. At first, she just hoped to sell ten a week. But her idea exploded.

In just one year, Iyia sold over $3.5 million worth of waist trainers. All of this from her bedroom! She even paid celebrity, Kylie Jenner, to wear one in a photo. That one picture cost her $300,000…and it worked!

Since then, Iyia has started more businesses, hired staff, sold to people in over 90 countries, and even bought her dream car, a Mercedes G-Wagon.

But what makes her story so powerful isn’t just the money, it's the mindset. 

Iyia shows us that you don’t need to wait until you’re older, richer, or smarter. 

You just need to start even if it’s from your bedroom.

Let’s explore what she is working on now.

Find Iyia - Make It Happen: https://www.makeithappen.org.nz

Instagram: https://www.instagram.com/iyialiu/?hl=en

Generate are supporting my vision to improve the financial literacy of 100,000 kiwis by sponsoring Keep The Change. Cheers Generate. Head to generatekiwisaver.co.nz/change to find out more.

Hosted on Acast. See acast.com/privacy for more information.

The ‘paying their fair share’ slogan is a goodie as no one can define ‘fair share’. Anyway, interestingly, I overheard a story where a pensioner receiving superannuation had a flatmate in their sleep-out (not a boarder, but they’ll probably see it as a boarder (different tax rules) and they ask to be paid that rent in cash. Why would they do this? My mind went to probably avoiding declaring it and therefore paying tax on it. Many everyday Kiwi cheekily bend the rules too. Sometimes it’s intentional. But often, it’s just a lack of understanding. Let's explore.

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_nz

https://www.keepthechange.co.nz/

Hosted on Acast. See acast.com/privacy for more information.

This podcast was first released in December 2023 and has been an all-time favorite podcast from the audience. If you missed it, this could be worth tuning into.

Mikey comes in all guns blazing around why everybody needs to experience the hunting season, and no we ain't talking about knocking over a couple of deers or goats. In this podcast we will explore what a hinting season is and how 18-36 months of your time could change your life projection.

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_nz

https://www.keepthechange.co.nz/

Hosted on Acast. See acast.com/privacy for more information.

He’s back! We finally tracked him down and ask him what he is seeing out there. In this episode, Mikey Smith (mortgage advisor & CEO of Guardian Smith) joins us to unpack the current state of the New Zealand economy. 

We dive into the key changes from the recent Budget, what’s happening in the mortgage and housing market, and the bigger picture of where we’re at in the economic cycle. 

Are we past the worst of it? 

Could things start to pick up in late 2025? 

We bloody well hope so!

Get real insights from the ground and a clear-eyed take on what’s shaping the future for Kiwis.

Generate are supporting my vision to improve the financial literacy of 100,000 kiwis by sponsoring Keep The Change. Cheers Generate. Head to http://generatekiwisaver.co.nz/change to find out more.

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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.

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