After spending 6 months in Europe living cheaply. The smoking and drinking habits i developed are unsustainable even with a good paying job. Need to grow my own tobacco
That's the point. You were pointing out that the economy would eventually recover and this is correct. But "the feeling "that is out there is not just about the money situation. Nz teachers have been swapped for Indians etc in all the industries this has happened. So a big shift culturally is happening. And from the families that we know that have left this was a big part of leaving. Can't change it and need workers but it does seem like we've gone down the wrong track. If they bring more pensioners with them how can this help our deficit situation. We can't afford the aging population as it is now. Thanks
I lived through the 90s. It was hard for the poor but homeowners did really well after it ended because they bought houses for $100,000 with 20% interest but then it dropped off and they kept paying the same repayment at 4%
Merry Christmas. Like I said before new Zealand government hasn't got it's shit together. Here's a good example of their performance. 20 odd years ago Cambodia was a struggling economy and didn't have to pennies to rub together. Now they have a bigger GDP than us.
Nz government is quite new. Remember until the 70s everything was basically run by business interest boards and the government really just did what the wool board or the beef board told them to do. The modern neoliberal government has only been in nz since the 80s and it’s changed to MMP in that time. We are still stuck in the trial period for this form of government and it’s finding its feet. In maybe 100 years or so it might be a bit more sorted but at the moment the clowns are driving the meatwagon.
This is not the same though. It's too unbalanced, mainly in property, monopoly in corporate & the value given to corporate heads & shareholders are overvalued to workers. Essentially the passive earning economy has destroyed the workforce in the economy which is the populous. This all around the world will destroy the fiat currency out of uncontrollable greed of the few who run the most countries.
I remember the correction of the 80s and the contraction of the early 90s. We are in recession mainly because we have slowed our productive base through excessive emphasis on housing and over regulating the economy. The first part, the per capita part, was not engineered, was simply the result of the a fore mentioned and the economic damage from covid. Our economy didn't look after itself very well, things like 18,000 increase in government jobs more likely did, with the real productive economy being devastated. For us to turn this around there needs to be some change. Usually this involves a correction to get rid of the bad debt, and lower prices. Wait and see, there are indications that this may not be too far away. There is however a problem, usually prior to a correction governments have been operating in surplus and can take on debt to reignite the economy. But as we know the govt has a structural deficit, has not been in surplus fro some time, and further govt spending will likely result in inflation. So about the only way we can reignite the economy is to get efficient and this this cannot include being weighed down with the current $360 billion of private housing debt and the need to expand it by over 3% per year just to maintain property prices. Fundamentally we have put too much effort as a nation into housing and have created a massive un-payable, perhaps un-serviceable debt. This has been done by sacrificing something and that might be our economic viability as a nation and this might be the core reason that we are in recession.
Cause you straight forward, I would love to hear your vision of what someone at age x should have saved and if you like, expand on how it should be saved (Investments, Assets etc). The current figures seem off to me from the various sources.
@@keepthechangenz I'm 38, so guess that is 35-40. However, I would look into your demographics and see what the breakup of your audience is and match that to your content in this case.
Times will pass that is so true, thank goodness for the internet I can carry on with clients all over the world, but everyone is wanting value for money and this is good maybe old values will come back and building better relationships will take precedent .
I look at the NZ Goverment Debt, 2000 26 billion, 2008 down to 10 billion (good on you NZ) 2019 57 billion, 2024 175 billion, it Tripled, holy shit NZ and plus all of the council debt that no one talks about. I mention this and my friends don't know and don't care to talk about it. I love NZ and try to be positive but I have listen to some South Africans and they see it going the same way, some say we may end up like Fiji.
NZ govt debt is about 44% of GDP similar to the nineties, you are the only worrying about for a reason, it is not a big problem. Like having a mortgage. Have a look at total household debt of about $393 billion av. $220,000. More than double the govt. debt. It's high interest rates that are the problem.
Has anyone been to the uk lately or even lived there in the past ? If so is it worth moving to NZ plus in the uk we have high debt high inflation and high interest rates so it’s getting worse by the week
Immigration doesn't help the situation the way we are in. It adds pressure on the country and employment sector by artificially limiting our buying power driving it down. (Less food in the shopping 🛒 trolley).
@@keepthechangenz Yes, partly because of the Nationals induced Recession. it's Inequality that is the problem not Immigration, the immigrants know the value of hard work and do well, causing resentment amongst the 'laid back' (see mentally lazy) Aussies, it's always been like this, but social media amps it up.
@keepthechangenz I'm already overseas. Back in Feb. I know I miss out on some of the best summer NZ has to offer but hopefully will still catch some of it when I get back. 🌤☀️☀️ Happy Holidays to you and family! 🎄 🎉🍻
This is a good explanation but you should really cover the change that happened over the 4 or 5 years that several hundred thousand immigrants came in and now they have flooded our labour market. Construction and health and logistics. This is the real reason people are leaving. We have got the shits with seeing this change. Thanks
We need less people so good luck to the people leaving. With fewer people, the limited resources are better shared. The question is what kind of people are left behind, the no hoper hands out ones, or the resilliant innovative types? We do need to start teaching young people how to think, instated of telling what to think.
What about our mining sector ? Why aren't we mining all our gold or at least Lydar the alps so we can show how much we have as a reserve. We could have roads like Switzerland.
@keepthechangenz i don't know a heap either, but I do try stay informed on mining companies as they are destined to play a big role in currency stabilization in the future. Look up "rua gold" they have the rights to mine that recently made public, 2b vein in the alps and they floated this company on a bunch of exchanges but none that Kiwis can access which seems dumb.
@keepthechangenz only solutions that this govt doesn't agree with. They should have listened to the economists when they were warned about the tax cuts. That money could of been used on our infrastructure roads hospitals ferries would have helped our country and economy more. Canceling some projects that already had investment spent on it also feels like a waste of money. Just my opinion. Nice channel btw keep up the good work mate
@@kiwikiwi223 fixating on other people (including the government) is a waste of time. Just focus on what you are in control of. Blaming/waiting/relying on others gets you nowhere.
I love how you reference people living six months here then six months in Bali and working in usd as examples of how people are managing. Probably not really relevant to every day kiwis
@@SteveWall-o6w they were just a couple of examples of stories people have shared with me. What solutions do you have for people? Check out my 2 ticks you webinar for a stack of mine 👌🏻
@ always with the solutions. I am working a sixty hour week in construction sales and also studying a Diploma in QS, so I’m pretty much maxed out. The solution is simple, go back to how how your parents and grandparents lived, not ordering kfc on uber eats every chance you get
After spending 6 months in Europe living cheaply. The smoking and drinking habits i developed are unsustainable even with a good paying job. Need to grow my own tobacco
Or change habits haha!
Smoke weed its cheaper than both them habits of yours
That's the point. You were pointing out that the economy would eventually recover and this is correct. But "the feeling "that is out there is not just about the money situation. Nz teachers have been swapped for Indians etc in all the industries this has happened. So a big shift culturally is happening. And from the families that we know that have left this was a big part of leaving. Can't change it and need workers but it does seem like we've gone down the wrong track. If they bring more pensioners with them how can this help our deficit situation. We can't afford the aging population as it is now. Thanks
Understanding Fiat currency IS the problem. Buy bitcoin is the solution
I lived through the 90s. It was hard for the poor but homeowners did really well after it ended because they bought houses for $100,000 with 20% interest but then it dropped off and they kept paying the same repayment at 4%
That value add you talk of is so crucial.
It’s a massive unlock 🔓
@@keepthechangenz agreed.
Hold fast! We'll all get out of this before you know it. Great conversation Luke! Happy Holidays!
Same to you!
Merry Christmas. Like I said before new Zealand government hasn't got it's shit together.
Here's a good example of their performance. 20 odd years ago Cambodia was a struggling economy and didn't have to pennies to rub together. Now they have a bigger GDP than us.
Merry Christmas! That sounds crazy. I don't know much about Cambodia but I will have to watch a doco!
Nz government is quite new. Remember until the 70s everything was basically run by business interest boards and the government really just did what the wool board or the beef board told them to do. The modern neoliberal government has only been in nz since the 80s and it’s changed to MMP in that time. We are still stuck in the trial period for this form of government and it’s finding its feet. In maybe 100 years or so it might be a bit more sorted but at the moment the clowns are driving the meatwagon.
This is not the same though. It's too unbalanced, mainly in property, monopoly in corporate & the value given to corporate heads & shareholders are overvalued to workers. Essentially the passive earning economy has destroyed the workforce in the economy which is the populous. This all around the world will destroy the fiat currency out of uncontrollable greed of the few who run the most countries.
@@JessKrimmy sounds messy! Where to from here? Surely they don’t unwind that easily?
I remember the correction of the 80s and the contraction of the early 90s. We are in recession mainly because we have slowed our productive base through excessive emphasis on housing and over regulating the economy. The first part, the per capita part, was not engineered, was simply the result of the a fore mentioned and the economic damage from covid. Our economy didn't look after itself very well, things like 18,000 increase in government jobs more likely did, with the real productive economy being devastated.
For us to turn this around there needs to be some change. Usually this involves a correction to get rid of the bad debt, and lower prices. Wait and see, there are indications that this may not be too far away. There is however a problem, usually prior to a correction governments have been operating in surplus and can take on debt to reignite the economy. But as we know the govt has a structural deficit, has not been in surplus fro some time, and further govt spending will likely result in inflation.
So about the only way we can reignite the economy is to get efficient and this this cannot include being weighed down with the current $360 billion of private housing debt and the need to expand it by over 3% per year just to maintain property prices. Fundamentally we have put too much effort as a nation into housing and have created a massive un-payable, perhaps un-serviceable debt. This has been done by sacrificing something and that might be our economic viability as a nation and this might be the core reason that we are in recession.
Insightful stuff! How do you prepare for what is coming next?
I would love to see NZ as the old Switzerland of the Pacific
Cause you straight forward, I would love to hear your vision of what someone at age x should have saved and if you like, expand on how it should be saved (Investments, Assets etc). The current figures seem off to me from the various sources.
What age is that for context?
@@keepthechangenz I'm 38, so guess that is 35-40. However, I would look into your demographics and see what the breakup of your audience is and match that to your content in this case.
Like the moneyguys formula?
Times will pass that is so true, thank goodness for the internet I can carry on with clients all over the world, but everyone is wanting value for money and this is good maybe old values will come back and building better relationships will take precedent .
Let’s hope they do. But yes providing value always wins and for some time we haven’t had to learn that concept. Merry Christmas 🎅🏼
@@keepthechangenz Merry Christmas and here's to a great 2025
Inflation of prices is a symptom of Inflation of currency units.
Read Lyn Alden Broken Money.
I look at the NZ Goverment Debt, 2000 26 billion, 2008 down to 10 billion (good on you NZ) 2019 57 billion, 2024 175 billion, it Tripled, holy shit NZ and plus all of the council debt that no one talks about. I mention this and my friends don't know and don't care to talk about it. I love NZ and try to be positive but I have listen to some South Africans and they see it going the same way, some say we may end up like Fiji.
NZ govt debt is about 44% of GDP similar to the nineties, you are the only worrying about for a reason, it is not a big problem. Like having a mortgage. Have a look at total household debt of about $393 billion av. $220,000. More than double the govt. debt. It's high interest rates that are the problem.
Has anyone been to the uk lately or even lived there in the past ? If so is it worth moving to NZ plus in the uk we have high debt high inflation and high interest rates so it’s getting worse by the week
Immigration doesn't help the situation the way we are in. It adds pressure on the country and employment sector by artificially limiting our buying power driving it down. (Less food in the shopping 🛒 trolley).
I think immigration has slowed down in 2024 and also a lot of people have left NZ :(
@@keepthechangenz Yes, partly because of the Nationals induced Recession. it's Inequality that is the problem not Immigration, the immigrants know the value of hard work and do well, causing resentment amongst the 'laid back' (see mentally lazy) Aussies, it's always been like this, but social media amps it up.
Empathic economics?!? Wow - thankyou!
@@nigelbanksart it is a massive unlock! 🔓
Are you not going overseas this holiday?
Not for Christmas no. Are you?
@keepthechangenz I'm already overseas. Back in Feb. I know I miss out on some of the best summer NZ has to offer but hopefully will still catch some of it when I get back. 🌤☀️☀️ Happy Holidays to you and family! 🎄 🎉🍻
This is a good explanation but you should really cover the change that happened over the 4 or 5 years that several hundred thousand immigrants came in and now they have flooded our labour market. Construction and health and logistics. This is the real reason people are leaving. We have got the shits with seeing this change. Thanks
Several hundred thousands? Are you sure? What about departures and therefore net?
We need less people so good luck to the people leaving. With fewer people, the limited resources are better shared. The question is what kind of people are left behind, the no hoper hands out ones, or the resilliant innovative types? We do need to start teaching young people how to think, instated of telling what to think.
Teaching how to think is a tricky one! Any suggestions for people (people probably have to want to first right?)
great vid.
Cheers 🎉
What about our mining sector ? Why aren't we mining all our gold or at least Lydar the alps so we can show how much we have as a reserve. We could have roads like Switzerland.
I don’t know a lot about our mining sector. Doesn’t seem to compete with the size and power of Aussies?!
@keepthechangenz i don't know a heap either, but I do try stay informed on mining companies as they are destined to play a big role in currency stabilization in the future. Look up "rua gold" they have the rights to mine that recently made public, 2b vein in the alps and they floated this company on a bunch of exchanges but none that Kiwis can access which seems dumb.
I love how people are complaining for what they have voted for.
Each government leads to the next government...
@keepthechangenz Don't say that to America
Austerity hasn’t worked elsewhere,so why should it work here?
Who knows but I ain't sitting around to find out. Getting after it.
Ok
How about that Khafre at Matamata? That's one way to pay off your mortgage.
Nice background view btw
@@blablabla-c5o yeah nice AI generated. Jokes 😂😂 beautiful NZ baby!
Great talk, thanks
Glad you enjoyed it!
This govts made the downturn worse than it had to be
Ok not much I can do about that sorry. Any solutions?
@keepthechangenz only solutions that this govt doesn't agree with. They should have listened to the economists when they were warned about the tax cuts. That money could of been used on our infrastructure roads hospitals ferries would have helped our country and economy more. Canceling some projects that already had investment spent on it also feels like a waste of money. Just my opinion. Nice channel btw keep up the good work mate
@@kiwikiwi223 what’s that saying about relying on politicians 🫣😂 thanks. Merry Christmas 🎅🏼
@@kiwikiwi223 fixating on other people (including the government) is a waste of time. Just focus on what you are in control of. Blaming/waiting/relying on others gets you nowhere.
@@hellowill 100%
I love how you reference people living six months here then six months in Bali and working in usd as examples of how people are managing. Probably not really relevant to every day kiwis
@@SteveWall-o6w they were just a couple of examples of stories people have shared with me. What solutions do you have for people? Check out my 2 ticks you webinar for a stack of mine 👌🏻
@ always with the solutions. I am working a sixty hour week in construction sales and also studying a Diploma in QS, so I’m pretty much maxed out. The solution is simple, go back to how how your parents and grandparents lived, not ordering kfc on uber eats every chance you get
@@SteveWall-o6w full noise. Sticking to the job route?
@@keepthechangenz yes, I might be a minority on this channel as working class
@@SteveWall-o6w no there are plenty of employee's too but don't close your eyes to opportunities outside of employment. Merry Christmas!
Nz.
Only topic of any conversation.
Property.
Yawn.
Kiwi love property for sure! Plenty more to life than a box of sticks!
Ick
I believe we are in the age of greed and its about to hit its apex
Really? So not more greed after that? What happens next?