Thank you for your yarns and your time Luke you have helped me a lot over the last 3 years I really appreciate th time and effort you put in. I listen to a lot of podcasts and it is so good having a NZ perspective in the mix. You have taught me to aspire to be like and learn from those wealthier than me (rather than hate on them which is what I was brought up to do).
Not bragging here but if anyone is interested in my situation: We just clocked the millionaire status this year (as a couple)! We essentially put my entire paycheck towards increasing our networth each month. When you clock 1M in assets it becomes even more addictive to invest as tiny jumps in the market are worth 10's of thousands of dollars on the balance sheet (yes only paper gains) and dips in the market are fire sales to by assets on the cheap!! I am a loose cannon with investing and my wife is crazy conservative and frugal and would actually rather save cash than invest so she keeps me in check. I do the month-end about 3 times a month 😂 and our wealth is Real Estate: 55% Kiwisaver: 12% Crypto: 13% Global Lowcost ETFs: 17.10%
I'm 17 from Christchurch, about to start my first business. I love how you can be serious yet not at the same time, which is what most other influencers lack. Thanks for the help.
I try to pay all bills on credit card if they don't incur an additional. Get rewards plus the money can stay in a savings account slightly longer and gain extra interest. Might not work for everyone , it works for me though credit card always paid before the due date
@@lukelukelulu fair enough. I gave up on that stuff ages ago the rewards and tiny interest weren’t enough for my goals. I started thinking could I make more than that myself? Was a good challenge!
@keepthechangenz They aren't enough for goals you're right. Making more money is the goal option. Looking at them as a free bonus for selecting a certain type of payment method. I've set it up to be automated. It's money I'm spending anyway not deploy money why not get a free bonus along the way for spending.
Thanks for this bro, im on the edge of my 20s about to do the Van life and park up for free and stack money. Im on bad money ( long term bad career choices but in tech ) . Turning it around and just like you said " Sure ill be paying for a 30K Van, BUT 1: Its a house of sorts , if its not driving all the time and i do the maint on it, the depreciation is lower. 2: I can pay it off outright in 1 year !!!! year following is just free money. Im burning everything to rent in Auckland and its killing my future . Next step is to save , start commercial diving school in aussie for $30K . Itys a big investment but they have day one grad hire and the salary is double what im getting now. * Plus being able to do a job i love it just icing on the cake I needed this video and the TH-cam algorithm helped me out !
😊 40% 😊 Deploy it! 😊 Automate 😊 Stay consistent 😊 Discipline 😊 Track all incoming & outgoing 😊 Reconcile all expenses 😊 Get into good habits 😊 Paying things in advance 😊 Preserve our thinking for 😊 positivity, 😊 For growth, for action etc 😊 Streamline & tidy up 😊 Live off 60% 😊 Allocate 40% 😊 Allocate 100% off bonus amts 😊 Giving back ❤ 😊 Bigger goals 😊 Goal helping 100,000 kiwis, 😊 get better with their finances 😊 Stay within your means 😊 Deploying cash straight away 😊 Taking care of your future 😊 Every month stack a balance, 😊 sheet 😊 Track your progress 😊 Follow spreadsheet in week 2 😊 of money mail 😊 All run profit & loss balance 😊 sheet, management reporting Finally someone l can understand, and he’s a kiwi! 🥝 Nice and simple, just subscribed I’ve learnt more in this short video, time to go to work! 🤣🤣
Love this video! 50-65% of my income goes to savings towards buying my first home. Think I’d look at the property with both capital growth & yield so that allows me to have more rental income… with that money I’d go do some investment… also will be looking at increasing my income streams… it’s gonna be so so exciting… do you use any excel spreadsheet/app to help you manage your expenses/ROIs
Over the years I’ve found I would put aside 50-70% (on good weeks) as soon as I get paid and treat like a tax where I “had to pay it” attitude into another account for investing properties share markets then they start compounding on themselves. It’s all about how bad you want something and living within your means not following the Jones’s. If you want it bad enough you get there or get close to it.
appreciate the content. lol i use to think do i ask “what do you for a living” to a wealthy person, but this felt like im listening to a regular guy on th street… in south auckland 😂😂🙏
I've moved to NZ for slightly more than twenty years and have been paying taxes since then. Compared to my home country NZ is too much. It gives me too much BURDENS
Thank you for your yarns and your time Luke you have helped me a lot over the last 3 years I really appreciate th time and effort you put in. I listen to a lot of podcasts and it is so good having a NZ perspective in the mix. You have taught me to aspire to be like and learn from those wealthier than me (rather than hate on them which is what I was brought up to do).
Not bragging here but if anyone is interested in my situation: We just clocked the millionaire status this year (as a couple)! We essentially put my entire paycheck towards increasing our networth each month. When you clock 1M in assets it becomes even more addictive to invest as tiny jumps in the market are worth 10's of thousands of dollars on the balance sheet (yes only paper gains) and dips in the market are fire sales to by assets on the cheap!! I am a loose cannon with investing and my wife is crazy conservative and frugal and would actually rather save cash than invest so she keeps me in check. I do the month-end about 3 times a month 😂 and our wealth is Real Estate: 55% Kiwisaver: 12% Crypto: 13% Global Lowcost ETFs: 17.10%
How good mate thanks for sharing the insight. Good mindset shift in that first comment too. Much appreciated.
I'm 17 from Christchurch, about to start my first business. I love how you can be serious yet not at the same time, which is what most other influencers lack. Thanks for the help.
@@overlordnz3013 good on you legend. Podcast has heaps of nuggets when getting started. Get stuck into it!
Simplicity, automation and paying yourself first is key for sure 👍
Good concepts for sure!
@@keepthechangenz and shout out to your sister 😂
@ she was very helpful through this period of my life haha
I try to pay all bills on credit card if they don't incur an additional. Get rewards plus the money can stay in a savings account slightly longer and gain extra interest. Might not work for everyone , it works for me though credit card always paid before the due date
@@lukelukelulu fair enough. I gave up on that stuff ages ago the rewards and tiny interest weren’t enough for my goals. I started thinking could I make more than that myself? Was a good challenge!
@keepthechangenz They aren't enough for goals you're right. Making more money is the goal option. Looking at them as a free bonus for selecting a certain type of payment method. I've set it up to be automated. It's money I'm spending anyway not deploy money why not get a free bonus along the way for spending.
@ sure thing 🫡
Thanks for this bro, im on the edge of my 20s about to do the Van life and park up for free and stack money. Im on bad money ( long term bad career choices but in tech ) . Turning it around and just like you said " Sure ill be paying for a 30K Van, BUT 1: Its a house of sorts , if its not driving all the time and i do the maint on it, the depreciation is lower. 2: I can pay it off outright in 1 year !!!! year following is just free money. Im burning everything to rent in Auckland and its killing my future . Next step is to save , start commercial diving school in aussie for $30K . Itys a big investment but they have day one grad hire and the salary is double what im getting now.
* Plus being able to do a job i love it just icing on the cake
I needed this video and the TH-cam algorithm helped me out !
@@adecadebehind5263 hope it helped. If you have high interest debt check out money sweet spot who do a debt reset. Look after yourself
You are finely honed machine bro. Crowded house got nothing on you. Stay sharp. Excellent content
Shit table cloth jacket, mean Yarn though 😂. Shot bro
@@locabinternational my fav 😂😂😂
Good chat 🚀🙏
I love your podcasts. Thank you. 😊
@@mrsm482 thanks a lot
Thank you sir.
Most welcome 🙏🏻
Were you ever taxed or were there a lot of fees for the movement/transactions of your money?
Heaps of tax always. My tax is now 10x when I was an employee. Yes there are fees with everything in life but it didn’t stop me!
😊 40%
😊 Deploy it!
😊 Automate
😊 Stay consistent
😊 Discipline
😊 Track all incoming & outgoing
😊 Reconcile all expenses
😊 Get into good habits
😊 Paying things in advance
😊 Preserve our thinking for
😊 positivity,
😊 For growth, for action etc
😊 Streamline & tidy up
😊 Live off 60%
😊 Allocate 40%
😊 Allocate 100% off bonus amts
😊 Giving back ❤
😊 Bigger goals
😊 Goal helping 100,000 kiwis,
😊 get better with their finances
😊 Stay within your means
😊 Deploying cash straight away
😊 Taking care of your future
😊 Every month stack a balance,
😊 sheet
😊 Track your progress
😊 Follow spreadsheet in week 2
😊 of money mail
😊 All run profit & loss balance
😊 sheet, management reporting
Finally someone l can understand, and he’s a kiwi! 🥝
Nice and simple, just subscribed
I’ve learnt more in this short video, time to go to work! 🤣🤣
What a summary haha! Nice work
Love this video! 50-65% of my income goes to savings towards buying my first home. Think I’d look at the property with both capital growth & yield so that allows me to have more rental income… with that money I’d go do some investment… also will be looking at increasing my income streams… it’s gonna be so so exciting… do you use any excel spreadsheet/app to help you manage your expenses/ROIs
@@nataliejin2119 I track my net worth monthly. Have done podcasts and other videos were the link is in the description if you want it.
Ngl g this hit thanks bro
Glad it helps legend 👌🏻
Over the years I’ve found I would put aside 50-70% (on good weeks) as soon as I get paid and treat like a tax where I “had to pay it” attitude into another account for investing properties share markets then they start compounding on themselves. It’s all about how bad you want something and living within your means not following the Jones’s. If you want it bad enough you get there or get close to it.
@@LHNA130 nice one. That’s a good effort
Hard to be running business. Slowly been building mine in Wellington for past 3 years
It takes a good amount of time to build up a business. Keep pushing!
What books do you reading?
ahh man house sitting!! im getting an idea, is it still a thing today?
appreciate the content. lol i use to think do i ask “what do you for a living” to a wealthy person, but this felt like im listening to a regular guy on th street… in south auckland 😂😂🙏
Yeah bro it’s still a thing! Check it out. It can be niggly bouncing around and all the admin that goes with it but worth exploring
Do you know how to pay a 30year mortgage in about 7 years interest free?
Feels like you're about to tell us?
Be Bold!
Flashy tangem Bro!!! BTC Freedom!!!
Never heard of that haha had to google
Love the personality, great content delivered in a fun and punchy way.
@@mangoman9290 a bit of fun! Thanks 🙏🏻
I've moved to NZ for slightly more than twenty years and have been paying taxes since then. Compared to my home country NZ is too much. It gives me too much BURDENS
Sorry to hear that!