Keep The Change

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...

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 a...

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! Pleas...

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 wor...

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...

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 s...

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 consum...

Bring on 2022! I’m not talking about the car you’ve been thrasing for years Luke. I am talking about the vehicle that is taking you to your eventual income and wealth. If you look at your income earner (your job, business, investments etc) as a vehicle, you can ask yourself whether this vehicle will take you to your ultimate desired destination? Hey thanks for listening! Please take some form of a...

Hey 👋🏻 these are some practical things you can use to help you achieve your goals in 2022. I’ve tested these myself and can vouch for them. I hope they help you smash 2022, Luke! 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...

This summer, when you see kids out on the street selling lemonade, fruits etc., then stop and reward them for their work. You never know who you will inspire. I learnt a lot about business selling feiojas at my gate when flatting at university. Merry Christmas from Keep The Change! Hey thanks for listening! Please take some form of action from this content, don’t just be a consumer, become a produ...

As we raise incomes in NZ, something else is happening...we are getting people closer and closer to a 30% tax bracket which kicks in from $48,000 of income. We will need to educate people that this isn’t 30% tax on ALL of their income but only the income above $48,000 (see tax rates below). Hey thanks for listening! Please take some form of action from this content, don’t just be a consumer, becom...

Let's explore how we can make more money in 2022. How can we get back in control of our income when costs are creeping up on us? Check out the more money template https://docs.google.com/document/d/1HP2cjvCzaf8s2YMhbfBAAZNtzs-ULww52c3P4oX3k_8/edit 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...

The pay decrease - the increase in interest paid to the bank leading to less money left in the household for spending. Kiwis are obsessed with ‘locking in’ the best interest rate and playing the ‘will they go up or down’ game. In 2022 this means billions & billions (fair bit more than lotto) of dollars of debt will roll off their current locked in interest rates. Hey thanks for listening! Plea...

Economists at three of the four largest banks see house prices dropping in 2022. The average value of NZ homes increased by $17,227 in November. The average value is now $987,401, according to the CoreLogic House Price Index. Over the year to the end of November, the average value of New Zealand homes is up $218,388. Hey thanks for listening! Please take some form of action from this content, don’...

Reminder: Have you been doing your month end process? Todays bonus episode is around month end and what you should be doing to set yourself up for success. This is extremely important as we embark on the silly season as we know this can be a stressful time of year for kiwis. You can access access our "Financial Position" template through the link below: https://drive.google.com/drive/u/1/folders/1...

Ahh the ole term deposit. What are they? A term deposit is a type of deposit account usually held at a bank, where the money is locked up for a set period of time and returns a set interest rate. Today we are going to look at whether you can get your money out early? Hey thanks for listening! Please take some form of action from this content, don’t just be a consumer, become a producer! Make sure...

We listen in to an interview with the finance minister Grant Robertson and try and decipher what he is talking about when it comes to inflation and our robust economy. Is there anything for us to worry about when its an issue being faced worldwide and is there anything you and I can do to protect ourselves? Hey thanks for listening! Please take some form of action from this content, don’t just be...

Well Aucklanders, how happy are you? You can finally get out of jail and get around the country. For some of you outside of Auckland, you are probably keen to tune straight out. JAFAS and all that. We are talking about how important it is for the country to be moving freely and what this leads to. Hey thanks for listening! Please take some form of action from this content, don’t just be a consumer...

This week we are going to carry on the theme of debt and have a look at using a credit card balance transfer. If used properly a balance transfer can be an effective way of quickly paying down debt, but first, you will want to ensure you understand how it works, as the interest rate that kicks in can be brutal! Hey thanks for listening! Please take some form of action from this content, don’t just...

We've briefly spoke about how an interest-free student loan could be a good thing right now. Especially with inflation here. Many people with a student loan (or any form of interest-free debt) are sitting there thinking what is the point of paying this off in a hurry if it’s not really costing me anything in terms of interest? A good question, although there may be ways in which it will affect you...

Last year, we talked about how you and I were going to get taxed in the form of inflation and it is here, BIG TIME! Statistics NZ tells us that annual inflation jumped to 4.9% in the September quarter. This is the highest level of inflation we have seen in over 10 years. Inflation is worth understanding and thinking about for all of us because we can take actions to combat it. Hey thanks for liste...

Today is exactly one year on since I made my first bitcoin purchase. The $3,300 is now worth $15,100. Pretty decent return, huh? An $11,800 unrealised gain. I haven’t sold it, so as you know, this is an ‘unrealised gain’. It would only become a realised gain if I were to sell & bank the profits (which I would pay tax on). It’s a great feeling. You probably think that it’s a great feeling due t...

Bonus Episode! If you've been tapped in you would know inflation is likely to go up 5%. Luke jumps on a call with Mikey to break down what inflation is, what the increase means with real-life examples, and how to combat it. discuss Bitcoin Highs + Inflation + Auckland. Hey thanks for listening! Please take some form of action from this content, don’t just be a consumer, become a producer! Make sur...

Did you know: As at November 2019, there was an estimated $199 million of unclaimed money in the Crown’s accounts. Unclaimed money is money left untouched by its owner in organisations like banks, insurance companies, power companies or an old employer. It is usually amounts over $100. Hey thanks for listening! Please take some form of action from this content, don’t just be a consumer, become a p...

Start by writing down all of your debt and eyeball it. Actually, come to terms with the debt that you have (this is why I suggest completing your financial position monthly). Rank your debt in order of importance. The most important may not be the largest. It is most probably the debt with the highest interest rate. Hey thanks for listening! Please take some form of action from this content, don’t...