Episode Details

6 expensive headwinds of New Zealand 🇳🇿

1. New Zealand has an ageing population.

Cost = super + healthcare.

2. Health issues rising. I.e. Obesity and point 1.

Cost = system strain.

3. Infrastructure deficit.

Cost = rebuild or maintenance bill.

4. Brain/worker drain.

Cost = lost taxpayers to fund the above.

5. Capital stuck in property.

Cost = low productivity and low risk tolerance.

6. Education slipping.

Cost = weaker future economy.

Many have been watching these come at us for years, perhaps decades. But they aren’t going away anytime soon!

⚠️ As an individual you will need to plan accordingly.

- Build income outside PAYE only

- Own productive assets

- Own / Grow businesses

- Investing globally

- Increasing your earning capacity

- Look at medical insurances

- Discuss financial situations with parents (rest home costs can wipe out wealth fast)

- Have the “inheritance isn’t guaranteed” conversation

- Prepare for more tax and more inflation

What else

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