Latest / Making Cents / You're On Your Own, Kid. Here's What That Means For Your Money

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You're On Your Own, Kid. Here's What That Means For Your Money · Making Cents

• 0:02
  Hey,
• 0:02
  team,
• 0:03
  it's
• 0:03
  Frances.
• 0:04
  Well,
• 0:04
  the
• 0:04
  government's
• 0:05
  opened
• 0:05
  up
• 0:05
  their
• 0:06
  books
• 0:06
  for
• 0:06
  the
• 0:06
  year
• 0:06
  and
• 0:07
  told
• 0:07
  us
• 0:07
  what
• 0:07
  they
• 0:07
  will
• 0:08
  and
• 0:08
  won't
• 0:08
  be
• 0:08
  spending
• 0:09
  on.
• 0:09
  And
• 0:10
  frankly,
• 0:10
  it's
• 0:10
  a
• 0:10
  lot
• 0:10
  of
• 0:11
  won't
• 0:12
  be
• 0:12
  spending
• 0:12
  on.
• 0:13
  The
• 0:13
  vibe
• 0:13
  is
• 0:14
  very
• 0:14
  much.
• 0:14
  Yep,
• 0:15
  it's
• 0:15
  tough
• 0:16
  out
• 0:16
  there
• 0:16
  and
• 0:17
  you're
• 0:17
  on
• 0:17
  your
• 0:17
  own,
• 0:17
  kid.
• 0:19
  So
• 0:19
  where
• 0:20
  does
• 0:20
  that
• 0:20
  leave
• 0:21
  the
• 0:21
  rest
• 0:21
  of
• 0:21
  us
• 0:22
  and
• 0:22
  what
• 0:22
  can
• 0:22
  we
• 0:22
  actually
• 0:23
  do
• 0:23
  to
• 0:24
  maybe
• 0:24
  do
• 0:25
  a
• 0:25
  little
• 0:25
  bit
• 0:25
  better
• 0:25
  in
• 0:26
  what's
• 0:26
  from.
• 0:26
  Frankly,
• 0:26
  a
• 0:27
  pretty
• 0:27
  tough
• 0:27
  time
• 0:27
  out
• 0:27
  there.
• 0:28
  I
• 0:28
  went
• 0:29
  on
• 0:29
  TVNZ
• 0:29
  breakfast
• 0:30
  to
• 0:30
  talk
• 0:30
  about
• 0:31
  where
• 0:31
  this
• 0:31
  leaves
• 0:32
  the
• 0:32
  rest
• 0:32
  of
• 0:32
  us
• 0:32
  and
• 0:32
  what
• 0:32
  we
• 0:33
  can
• 0:33
  do
• 0:33
  to
• 0:33
  give
• 0:34
  ourselves
• 0:34
  a
• 0:34
  little
• 0:34
  bit
• 0:34
  of
• 0:35
  caramel
• 0:35
  waters
• 0:35
  to
• 0:35
  steer
• 0:36
  the
• 0:36
  ship
• 0:36
  through.
• 0:37
  They
• 0:37
  very
• 0:37
  kindly
• 0:38
  said
• 0:38
  I
• 0:38
  could
• 0:38
  share
• 0:38
  that
• 0:39
  with
• 0:39
  you
• 0:39
  here.
• 0:39
  So
• 0:40
  here
• 0:40
  you
• 0:40
  go.
• 0:40
  Hope
• 0:41
  it
• 0:41
  helps.
• 0:47
  People
• 0:47
  are
• 0:48
  used
• 0:48
  to
• 0:48
  hearing
• 0:48
  the
• 0:49
  phrase
• 0:49
  say
• 0:49
  for
• 0:49
  a
• 0:50
  rainy
• 0:50
  day,
• 0:50
  which
• 0:50
  can
• 0:50
  be
• 0:51
  hard
• 0:51
  when
• 0:51
  it
• 0:51
  feels
• 0:52
  like
• 0:52
  you're
• 0:52
  standing
• 0:53
  in
• 0:53
  the
• 0:53
  rain
• 0:53
  constantly.
• 0:54
  So
• 0:55
  how
• 0:55
  can
• 0:55
  you
• 0:55
  actually
• 0:55
  prepare
• 0:56
  for
• 0:56
  hard
• 0:56
  times
• 0:56
  and
• 0:57
  still
• 0:57
  try
• 0:57
  to
• 0:57
  get
• 0:58
  ahead?
• 0:58
  To
• 0:58
  help
• 0:59
  us
• 0:59
  navigate,
• 0:59
  we
• 0:59
  are
• 0:59
  joined
• 1:00
  by
• 1:00
  independent
• 1:00
  financial
• 1:01
  journalist
• 1:01
  Frances
• 1:02
  Cook
• 1:02
  Morena.
• 1:03
  Frances,
• 1:03
  thanks
• 1:03
  for
• 1:03
  coming
• 1:04
  on
• 1:04
  the
• 1:04
  program.
• 1:05
  We
• 1:05
  keep
• 1:05
  hearing
• 1:06
  that
• 1:06
  recovery,
• 1:06
  I
• 1:06
  feel
• 1:07
  like
• 1:07
  since
• 1:07
  before
• 1:07
  COVID
• 1:08
  we
• 1:08
  were
• 1:08
  hearing
• 1:09
  that
• 1:09
  recovery
• 1:09
  is
• 1:09
  just
• 1:10
  around
• 1:10
  the
• 1:10
  corner.
• 1:10
  Why
• 1:11
  do
• 1:11
  we
• 1:11
  keep
• 1:11
  repeating
• 1:11
  this
• 1:12
  when
• 1:12
  the
• 1:12
  reality
• 1:13
  doesn't
• 1:14
  square?
• 1:14
  I
• 1:14
  know
• 1:15
  we
• 1:15
  had
• 1:15
  the
• 1:15
  survive
• 1:16
  to
• 1:16
  25.
• 1:16
  We
• 1:16
  all
• 1:17
  repeated
• 1:17
  that
• 1:17
  ad
• 1:17
  nauseam
• 1:18
  we
• 1:18
  had.
• 1:18
  Then
• 1:18
  we
• 1:19
  came
• 1:19
  up
• 1:19
  with
• 1:19
  a
• 1:19
  new
• 1:19
  little
• 1:20
  fix
• 1:20
  to
• 1:20
  26.
• 1:21
  I
• 1:21
  don't
• 1:21
  know
• 1:21
  if
• 1:21
  we've
• 1:21
  got
• 1:21
  one
• 1:22
  for
• 1:22
  seven
• 1:22
  yet.
• 1:22
  That's
• 1:23
  kind
• 1:23
  of
• 1:23
  what
• 1:23
  I'm
• 1:24
  with.
• 1:24
  That's
• 1:24
  what
• 1:25
  I'm
• 1:25
  at
• 1:25
  at
• 1:25
  the
• 1:25
  moment.
• 1:26
  Heaven
• 1:26
  after
• 1:26
  27.
• 1:27
  Yeah,
• 1:27
  that's
• 1:28
  good.
• 1:28
  Great.
• 1:28
  I'll
• 1:28
  lock
• 1:29
  that.
• 1:30
  And
• 1:30
  I
• 1:30
  just
• 1:30
  feel
• 1:31
  like
• 1:31
  we've
• 1:31
  all
• 1:31
  been
• 1:31
  trudging
• 1:32
  through
• 1:32
  being
• 1:32
  told
• 1:32
  it's
• 1:33
  coming
• 1:33
  round
• 1:33
  the
• 1:33
  corner.
• 1:34
  And
• 1:35
  I
• 1:35
  know
• 1:35
  they
• 1:35
  said
• 1:35
  there
• 1:36
  was
• 1:36
  gonna
• 1:36
  be
• 1:36
  no
• 1:36
  lolly
• 1:36
  scramble
• 1:37
  in
• 1:37
  this
• 1:37
  latest
• 1:37
  budget,
• 1:38
  but
• 1:38
  they
• 1:38
  really
• 1:38
  were
• 1:39
  not
• 1:39
  kidding.
• 1:39
  I
• 1:40
  feel
• 1:40
  like
• 1:40
  the
• 1:40
  latest
• 1:40
  budget
• 1:41
  has
• 1:41
  been
• 1:41
  a
• 1:41
  very
• 1:41
  clear
• 1:42
  sign
• 1:42
  of
• 1:43
  you're
• 1:43
  on
• 1:43
  your
• 1:43
  own,
• 1:44
  kid,
• 1:44
  and
• 1:44
  you're
• 1:44
  gonna
• 1:44
  have
• 1:44
  to
• 1:45
  figure
• 1:45
  it
• 1:45
  out,
• 1:45
  which
• 1:46
  is
• 1:46
  a
• 1:46
  little
• 1:46
  bit
• 1:46
  doomy.
• 1:47
  But
• 1:47
  it's
• 1:47
  also
• 1:48
  when
• 1:48
  you
• 1:48
  hit
• 1:48
  that,
• 1:49
  it's
• 1:49
  a
• 1:49
  real
• 1:50
  warning
• 1:50
  to
• 1:51
  us
• 1:51
  all.
• 1:51
  Pull
• 1:51
  our
• 1:51
  socks
• 1:51
  up
• 1:52
  and
• 1:52
  make
• 1:52
  sure
• 1:52
  we've
• 1:52
  got
• 1:52
  it
• 1:53
  sorted.
• 1:53
  Cause
• 1:53
  it's
• 1:53
  all
• 1:53
  still
• 1:54
  raining
• 1:54
  out
• 1:54
  there.
• 1:55
  That's
• 1:55
  right.
• 1:55
  And
• 1:55
  do
• 1:55
  you
• 1:56
  think
• 1:56
  the
• 1:56
  government
• 1:56
  has
• 1:57
  softened
• 1:57
  its
• 1:57
  language
• 1:58
  a
• 1:58
  bit
• 1:58
  in
• 1:58
  terms
• 1:58
  of
• 1:58
  like,
• 1:59
  don't
• 1:59
  worry,
• 1:59
  it's
• 1:59
  gonna
• 1:59
  get
• 1:59
  better.
• 2:00
  It
• 2:00
  has
• 2:00
  actually
• 2:01
  kind
• 2:01
  of.
• 2:03
  Well,
• 2:03
  yeah,
• 2:03
  I
• 2:03
  thought
• 2:04
  it
• 2:04
  was
• 2:04
  very
• 2:04
  interesting
• 2:04
  some
• 2:05
  of
• 2:05
  the
• 2:05
  things
• 2:05
  that
• 2:05
  came
• 2:06
  out
• 2:06
  in
• 2:06
  the
• 2:06
  budget
• 2:07
  right
• 2:07
  so
• 2:07
  there
• 2:08
  was
• 2:08
  a
• 2:09
  little
• 2:09
  bit
• 2:09
  of
• 2:09
  grim
• 2:09
  news
• 2:09
  in
• 2:10
  there
• 2:10
  again
• 2:10
  when
• 2:10
  they
• 2:11
  were
• 2:11
  pointing
• 2:11
  out
• 2:11
  that
• 2:12
  inflation
• 2:12
  is
• 2:13
  going
• 2:13
  to
• 2:13
  keep
• 2:13
  going
• 2:13
  up,
• 2:14
  that
• 2:14
  the
• 2:14
  fuel
• 2:15
  price
• 2:15
  is
• 2:15
  going
• 2:15
  to
• 2:15
  stick
• 2:15
  around.
• 2:16
  They've
• 2:16
  been
• 2:16
  using
• 2:17
  very
• 2:17
  soft
• 2:17
  language
• 2:18
  on
• 2:18
  the
• 2:18
  fuel
• 2:18
  crisis.
• 2:19
  But
• 2:19
  having
• 2:19
  this
• 2:19
  contingency
• 2:20
  fund
• 2:21
  suddenly
• 2:21
  pop
• 2:21
  up
• 2:22
  to
• 2:22
  keep
• 2:22
  things
• 2:22
  going,
• 2:23
  that's
• 2:23
  such
• 2:23
  a
• 2:23
  clear
• 2:23
  sign.
• 2:25
  And
• 2:25
  you
• 2:25
  know,
• 2:25
  looking
• 2:26
  at
• 2:26
  things
• 2:26
  like
• 2:26
  the
• 2:26
  house
• 2:26
  prices,
• 2:27
  that
• 2:27
  means
• 2:27
  interest
• 2:28
  rates
• 2:28
  are
• 2:28
  going
• 2:28
  to
• 2:28
  go
• 2:29
  up.
• 2:29
  So.
• 2:29
  So
• 2:29
  I
• 2:30
  do
• 2:30
  think
• 2:30
  there's
• 2:30
  some
• 2:30
  very
• 2:31
  clear
• 2:31
  warning
• 2:31
  signs
• 2:32
  of
• 2:32
  at
• 2:33
  least
• 2:33
  not
• 2:33
  before
• 2:33
  the
• 2:33
  end
• 2:34
  of
• 2:34
  this
• 2:34
  year.
• 2:34
  Unfortunately,
• 2:35
  I
• 2:35
  don't
• 2:35
  think
• 2:35
  people
• 2:36
  should
• 2:36
  expect
• 2:36
  things
• 2:36
  to
• 2:36
  get
• 2:36
  better.
• 2:37
  Cause
• 2:37
  there's
• 2:37
  a
• 2:37
  real
• 2:37
  risk
• 2:38
  as
• 2:38
  well,
• 2:38
  isn't
• 2:39
  there?
• 2:39
  If
• 2:39
  you
• 2:39
  are
• 2:40
  a
• 2:40
  Kiwi
• 2:40
  out
• 2:40
  there
• 2:41
  doing
• 2:41
  it
• 2:41
  tough.
• 2:41
  And
• 2:42
  we
• 2:42
  keep
• 2:42
  hearing
• 2:42
  from
• 2:42
  the
• 2:42
  government,
• 2:43
  we
• 2:43
  know
• 2:43
  people
• 2:43
  are
• 2:43
  doing
• 2:43
  it
• 2:44
  tough,
• 2:44
  but
• 2:44
  then
• 2:44
  you
• 2:45
  also
• 2:45
  hear
• 2:45
  it's
• 2:46
  okay,
• 2:46
  it's
• 2:46
  gonna
• 2:47
  get
• 2:47
  better,
• 2:47
  it's
• 2:48
  all
• 2:48
  just
• 2:48
  around
• 2:48
  the
• 2:48
  corner.
• 2:49
  There
• 2:49
  was
• 2:50
  a
• 2:50
  bit
• 2:50
  of
• 2:50
  a
• 2:50
  disconnect,
• 2:50
  I
• 2:51
  think,
• 2:51
  earlier
• 2:51
  in
• 2:51
  this
• 2:51
  term,
• 2:52
  wasn't
• 2:52
  there,
• 2:52
  between
• 2:52
  the
• 2:53
  government
• 2:53
  saying
• 2:53
  it's
• 2:53
  all
• 2:54
  gonna
• 2:54
  be
• 2:54
  fine
• 2:54
  and
• 2:54
  people
• 2:55
  being
• 2:55
  like,
• 2:56
  I
• 2:56
  can't
• 2:56
  afford
• 2:56
  mints.
• 2:57
  Yes,
• 2:58
  yes,
• 2:58
  exactly.
• 2:58
  And
• 2:59
  I
• 2:59
  think
• 2:59
  there's
• 2:59
  also.
• 3:00
  There
• 3:00
  can
• 3:00
  be
• 3:00
  a
• 3:00
  bit
• 3:00
  of
• 3:00
  a
• 3:00
  danger.
• 3:01
  If
• 3:01
  we
• 3:01
  put
• 3:01
  our
• 3:01
  heads
• 3:02
  in
• 3:02
  the
• 3:02
  sand
• 3:02
  of
• 3:02
  just
• 3:03
  don't
• 3:03
  acknowledge
• 3:03
  it,
• 3:04
  then
• 3:04
  people
• 3:05
  don't
• 3:05
  take
• 3:05
  some
• 3:06
  of
• 3:06
  the
• 3:06
  preparation.
• 3:07
  That
• 3:07
  can
• 3:08
  help
• 3:08
  a
• 3:08
  little
• 3:08
  bit.
• 3:09
  And
• 3:09
  there's
• 3:09
  only
• 3:09
  a
• 3:09
  certain
• 3:09
  amount
• 3:10
  you
• 3:10
  can
• 3:10
  do.
• 3:10
  Right.
• 3:11
  It's
• 3:12
  hard
• 3:12
  when
• 3:12
  times
• 3:13
  are
• 3:13
  quite
• 3:13
  tough
• 3:13
  and
• 3:13
  have
• 3:14
  been
• 3:14
  tough
• 3:14
  for
• 3:14
  a
• 3:14
  while,
• 3:14
  there's
• 3:15
  not
• 3:15
  much
• 3:15
  left.
• 3:15
  But
• 3:16
  I
• 3:16
  think
• 3:16
  it's
• 3:16
  one
• 3:16
  of
• 3:16
  those
• 3:17
  things
• 3:17
  where
• 3:17
  unfortunately
• 3:18
  it's
• 3:18
  a
• 3:18
  bit
• 3:18
  like
• 3:18
  when
• 3:19
  you're
• 3:19
  dealing
• 3:19
  with
• 3:20
  stress
• 3:20
  or
• 3:20
  when
• 3:20
  you're
• 3:21
  having
• 3:21
  a
• 3:21
  health
• 3:21
  problem
• 3:21
  and
• 3:22
  they
• 3:22
  say,
• 3:22
  go
• 3:22
  for
• 3:23
  a
• 3:23
  walk
• 3:23
  and
• 3:23
  drink
• 3:23
  more
• 3:24
  water
• 3:24
  and
• 3:24
  get
• 3:24
  more
• 3:24
  sleep.
• 3:25
  And
• 3:25
  you
• 3:25
  say
• 3:26
  those
• 3:26
  are
• 3:26
  too
• 3:26
  simple
• 3:27
  to
• 3:27
  work.
• 3:27
  And
• 3:27
  then
• 3:27
  you.
• 3:28
  And
• 3:28
  it
• 3:28
  does
• 3:28
  help
• 3:28
  at
• 3:28
  least
• 3:28
  a
• 3:29
  little
• 3:29
  bit.
• 3:29
  So
• 3:30
  I
• 3:30
  think
• 3:30
  it's
• 3:30
  about
• 3:31
  bringing
• 3:31
  it
• 3:31
  back
• 3:31
  in
• 3:32
  on
• 3:32
  those
• 3:32
  financial
• 3:32
  foundations
• 3:33
  and
• 3:33
  saying,
• 3:33
  okay,
• 3:34
  what
• 3:34
  can
• 3:34
  I
• 3:34
  control?
• 3:35
  What
• 3:36
  can
• 3:36
  I
• 3:36
  do
• 3:36
  at
• 3:36
  this
• 3:36
  point?
• 3:36
  And
• 3:37
  even
• 3:37
  if
• 3:37
  it's
• 3:37
  small,
• 3:38
  some
• 3:38
  of
• 3:38
  those
• 3:38
  little
• 3:39
  changes
• 3:39
  can
• 3:39
  help
• 3:40
  at
• 3:40
  this
• 3:40
  point.
• 3:41
  Even
• 3:41
  for
• 3:41
  just
• 3:41
  getting
• 3:42
  that
• 3:42
  sense
• 3:42
  of
• 3:42
  control
• 3:43
  back.
• 3:43
  Yes.
• 3:44
  So
• 3:44
  what
• 3:44
  are
• 3:44
  some
• 3:44
  of
• 3:44
  those
• 3:45
  little
• 3:45
  changes
• 3:46
  that
• 3:46
  we
• 3:46
  can
• 3:46
  be
• 3:46
  doing
• 3:47
  to
• 3:47
  make
• 3:48
  a
• 3:48
  meaningful
• 3:48
  difference?
• 3:49
  Well,
• 3:49
  I
• 3:49
  think
• 3:49
  certainly
• 3:50
  at
• 3:50
  this
• 3:50
  point
• 3:50
  when
• 3:51
  they
• 3:51
  flagged
• 3:51
  that
• 3:51
  unemployment
• 3:52
  is
• 3:52
  likely
• 3:52
  to
• 3:53
  peak
• 3:53
  at
• 3:53
  the
• 3:53
  end
• 3:53
  of
• 3:54
  this
• 3:54
  year.
• 3:55
  And
• 3:55
  that's
• 3:55
  a
• 3:55
  little
• 3:56
  bit
• 3:56
  of
• 3:56
  a
• 3:56
  best
• 3:56
  case
• 3:56
  scenario.
• 3:58
  First
• 3:58
  of
• 3:58
  all,
• 3:58
  one
• 3:58
  of
• 3:59
  your
• 3:59
  biggest
• 3:59
  investments.
• 3:59
  Investments
• 4:00
  is
• 4:00
  your
• 4:00
  job.
• 4:00
  And
• 4:00
  people
• 4:01
  always
• 4:01
  ask
• 4:01
  me,
• 4:01
  what's
• 4:01
  the
• 4:02
  first
• 4:02
  investment?
• 4:02
  And
• 4:02
  they're
• 4:03
  expecting
• 4:03
  things
• 4:03
  like
• 4:03
  shares.
• 4:04
  It's
• 4:04
  actually
• 4:04
  usually
• 4:04
  your
• 4:04
  earning
• 4:05
  power.
• 4:06
  So
• 4:06
  if
• 4:06
  you've
• 4:06
  still
• 4:07
  got
• 4:07
  a
• 4:07
  job
• 4:07
  at
• 4:07
  the
• 4:07
  moment,
• 4:08
  then
• 4:08
  really
• 4:08
  looking
• 4:09
  after
• 4:09
  that,
• 4:09
  making
• 4:10
  sure
• 4:10
  you
• 4:10
  make
• 4:10
  yourself
• 4:11
  useful
• 4:11
  at
• 4:11
  work,
• 4:12
  maybe
• 4:12
  looking
• 4:12
  for
• 4:12
  some
• 4:12
  free
• 4:13
  courses
• 4:13
  to
• 4:13
  upskill.
• 4:14
  That
• 4:14
  can
• 4:14
  be
• 4:14
  a
• 4:15
  really
• 4:15
  good
• 4:15
  investment
• 4:15
  at
• 4:16
  a
• 4:16
  time
• 4:16
  like
• 4:16
  this
• 4:16
  to
• 4:17
  really
• 4:17
  keep
• 4:17
  that
• 4:17
  earning
• 4:18
  power
• 4:18
  as
• 4:18
  safe
• 4:19
  as
• 4:19
  you
• 4:19
  can.
• 4:20
  And
• 4:20
  then
• 4:20
  I
• 4:20
  think
• 4:20
  it's
• 4:21
  things
• 4:21
  like,
• 4:21
  you
• 4:21
  know,
• 4:21
  they've
• 4:22
  pointed
• 4:22
  out
• 4:23
  house
• 4:23
  prices
• 4:24
  are
• 4:24
  probably
• 4:24
  going
• 4:24
  to
• 4:24
  stay
• 4:25
  pretty
• 4:25
  flat.
• 4:26
  Inflation
• 4:27
  going
• 4:27
  up,
• 4:27
  that
• 4:28
  means
• 4:28
  interest
• 4:28
  rates
• 4:29
  going
• 4:29
  up.
• 4:29
  So
• 4:30
  get
• 4:30
  rid
• 4:30
  of
• 4:30
  any
• 4:30
  debt
• 4:31
  that
• 4:31
  you
• 4:31
  can
• 4:31
  right
• 4:32
  now
• 4:32
  before
• 4:32
  it
• 4:33
  gets
• 4:33
  more
• 4:33
  expensive,
• 4:34
  because
• 4:34
  it
• 4:35
  quite
• 4:35
  likely
• 4:35
  will.
• 4:36
  And
• 4:37
  don't
• 4:37
  be
• 4:37
  expecting
• 4:38
  things
• 4:38
  like
• 4:38
  house
• 4:38
  prices
• 4:39
  to
• 4:39
  boom
• 4:39
  up
• 4:39
  and
• 4:40
  give
• 4:40
  you
• 4:40
  a
• 4:40
  bit
• 4:40
  of
• 4:40
  that
• 4:40
  sugar
• 4:41
  rush
• 4:41
  financially.
• 4:42
  Yeah,
• 4:42
  or
• 4:42
  even
• 4:42
  it's
• 4:43
  like
• 4:43
  a
• 4:43
  psychological
• 4:44
  sugar
• 4:44
  rush,
• 4:45
  isn't
• 4:45
  it?
• 4:45
  If
• 4:45
  you
• 4:45
  see
• 4:45
  your
• 4:45
  house
• 4:46
  going
• 4:46
  up
• 4:46
  in
• 4:46
  value
• 4:47
  on
• 4:47
  paper,
• 4:47
  it
• 4:47
  makes
• 4:47
  you
• 4:47
  more
• 4:48
  inclined
• 4:48
  to
• 4:49
  go
• 4:49
  out
• 4:49
  there
• 4:49
  and
• 4:49
  spend.
• 4:50
  Do
• 4:50
  you
• 4:50
  think
• 4:50
  that
• 4:50
  we're
• 4:50
  seeing
• 4:51
  a
• 4:51
  bit
• 4:51
  more
• 4:52
  hope
• 4:52
  fatigue
• 4:53
  or
• 4:53
  economic
• 4:54
  anxiety
• 4:54
  in
• 4:54
  the
• 4:55
  way
• 4:55
  that
• 4:55
  people
• 4:55
  are
• 4:56
  spending
• 4:56
  and
• 4:57
  the
• 4:57
  way
• 4:57
  that
• 4:57
  they
• 4:57
  are
• 4:57
  choosing
• 4:58
  to
• 4:58
  use
• 4:58
  any
• 4:58
  discretionary
• 4:59
  cash
• 4:59
  that
• 4:59
  they
• 5:00
  may
• 5:00
  or
• 5:00
  may
• 5:00
  not
• 5:01
  have?
• 5:01
  Yeah.
• 5:01
  And
• 5:01
  I
• 5:02
  think
• 5:02
  hope
• 5:02
  fatigue
• 5:02
  is
• 5:03
  also
• 5:03
  a
• 5:03
  real
• 5:03
  danger
• 5:03
  at
• 5:04
  this
• 5:04
  point
• 5:04
  because
• 5:04
  when
• 5:04
  you
• 5:05
  hit
• 5:05
  that
• 5:05
  point
• 5:06
  where
• 5:06
  you've
• 5:06
  been
• 5:07
  going
• 5:07
  for
• 5:07
  a
• 5:07
  long
• 5:07
  time,
• 5:08
  as
• 5:08
  we
• 5:08
  said,
• 5:08
  you
• 5:09
  know,
• 5:09
  you've
• 5:09
  been
• 5:09
  trudging
• 5:10
  through
• 5:10
  and
• 5:10
  being
• 5:10
  told
• 5:10
  just
• 5:11
  around
• 5:11
  the
• 5:11
  corner
• 5:11
  and
• 5:12
  it's
• 5:12
  like
• 5:12
  chasing
• 5:13
  the
• 5:13
  rainbow,
• 5:13
  it
• 5:13
  just
• 5:13
  keeps
• 5:14
  getting
• 5:14
  further
• 5:14
  away.
• 5:15
  So
• 5:16
  there
• 5:16
  is
• 5:16
  that
• 5:16
  real
• 5:16
  danger
• 5:17
  of
• 5:17
  you
• 5:17
  just
• 5:18
  say
• 5:18
  stuff
• 5:18
  it
• 5:19
  and
• 5:19
  you
• 5:19
  stop
• 5:20
  trying
• 5:20
  or
• 5:20
  you
• 5:21
  make
• 5:21
  rushed
• 5:22
  decisions
• 5:23
  to
• 5:23
  try
• 5:23
  and
• 5:23
  feel
• 5:24
  in
• 5:24
  control.
• 5:25
  That
• 5:25
  can
• 5:25
  be
• 5:26
  almost
• 5:26
  as
• 5:26
  bad
• 5:26
  as
• 5:26
  the
• 5:27
  rest
• 5:27
  of
• 5:27
  what's
• 5:27
  happening
• 5:27
  around
• 5:28
  you.
• 5:28
  So
• 5:28
  I
• 5:29
  think
• 5:29
  it
• 5:29
  is
• 5:29
  really
• 5:29
  about
• 5:30
  making
• 5:30
  sure
• 5:30
  before
• 5:31
  you
• 5:31
  make
• 5:31
  any
• 5:31
  financial
• 5:31
  decisions
• 5:32
  at
• 5:32
  a
• 5:32
  time
• 5:32
  like
• 5:33
  this.
• 5:33
  Money
• 5:33
  and
• 5:34
  emotion
• 5:34
  are
• 5:34
  like
• 5:34
  oil
• 5:35
  and
• 5:35
  water.
• 5:35
  They
• 5:35
  should
• 5:35
  not
• 5:36
  mix.
• 5:37
  Anytime
• 5:37
  you're
• 5:37
  feeling
• 5:38
  extra
• 5:38
  excited
• 5:39
  or
• 5:39
  sad
• 5:40
  or
• 5:40
  angry,
• 5:41
  that's
• 5:41
  a
• 5:41
  warning
• 5:41
  sign
• 5:42
  not
• 5:42
  to
• 5:42
  make
• 5:43
  financial
• 5:43
  decisions
• 5:44
  based
• 5:44
  on
• 5:44
  that.
• 5:45
  So
• 5:45
  maybe
• 5:45
  put
• 5:45
  in
• 5:46
  a
• 5:46
  two
• 5:46
  week
• 5:46
  pause
• 5:47
  before
• 5:47
  you
• 5:47
  make
• 5:48
  any
• 5:48
  big
• 5:48
  decisions
• 5:48
  like
• 5:49
  with
• 5:49
  your
• 5:49
  Kiwisaver.
• 5:50
  Get
• 5:51
  in
• 5:51
  touch
• 5:51
  with
• 5:51
  your
• 5:51
  KiwiSaver
• 5:52
  provider
• 5:52
  if
• 5:53
  it
• 5:53
  gets
• 5:53
  a
• 5:53
  bit
• 5:54
  rough
• 5:54
  out
• 5:54
  there
• 5:54
  and
• 5:55
  you're
• 5:55
  worried
• 5:55
  we
• 5:56
  pay
• 5:56
  fees
• 5:56
  for
• 5:57
  our
• 5:57
  Kiwisaver.
• 5:58
  That
• 5:58
  is,
• 5:58
  you
• 5:59
  know,
• 5:59
  part
• 5:59
  of
• 5:59
  the
• 5:59
  deal
• 5:59
  is
• 6:00
  that
• 6:00
  they
• 6:00
  are
• 6:00
  meant
• 6:00
  to
• 6:00
  help
• 6:00
  you
• 6:01
  if
• 6:01
  things
• 6:01
  get
• 6:01
  rough.
• 6:02
  So
• 6:02
  if
• 6:02
  kiwisaver
• 6:03
  goes
• 6:03
  a
• 6:03
  little
• 6:03
  nutty
• 6:04
  out
• 6:04
  there
• 6:04
  this
• 6:04
  year,
• 6:05
  it
• 6:05
  well
• 6:05
  could
• 6:06
  get
• 6:07
  in
• 6:07
  touch
• 6:07
  with
• 6:07
  your
• 6:07
  provider,
• 6:08
  ask
• 6:08
  them
• 6:09
  what's
• 6:09
  going
• 6:09
  on,
• 6:09
  ask
• 6:10
  them
• 6:10
  what
• 6:10
  you
• 6:10
  can
• 6:10
  do
• 6:11
  because
• 6:12
  you
• 6:12
  not
• 6:12
  only
• 6:13
  are
• 6:13
  entitled
• 6:14
  to
• 6:14
  that
• 6:14
  you've
• 6:14
  kind
• 6:14
  of
• 6:15
  prepaid,
• 6:16
  so
• 6:16
  get
• 6:16
  in
• 6:16
  touch.
• 6:17
  Use
• 6:17
  that
• 6:17
  nice
• 6:18
  one.
• 6:18
  Frances,
• 6:18
  thank
• 6:18
  you
• 6:19
  so
• 6:19
  much
• 6:19
  always
• 6:19
  for
• 6:19
  your
• 6:20
  time
• 6:20
  and
• 6:20
  insights
• 6:21
  and
• 6:21
  advice.
• 6:22
  That's
• 6:23
  a
• 6:23
  really
• 6:23
  good
• 6:23
  one
• 6:23
  because
• 6:23
  it's
• 6:24
  not
• 6:24
  just
• 6:24
  about
• 6:24
  signing
• 6:25
  you
• 6:25
  up
• 6:25
  for
• 6:25
  the
• 6:25
  KiwiSaver,
• 6:26
  it's
• 6:26
  about
• 6:26
  actually
• 6:26
  supporting
• 6:27
  you
• 6:27
  along
• 6:28
  the
• 6:28
  way
• 6:28
  and
• 6:28
  through
• 6:28
  some
• 6:28
  of
• 6:28
  these
• 6:29
  tough
• 6:29
  times.
• 6:29
  Frances
• 6:29
  Cook,
• 6:30
  Independent
• 6:30
  financial
• 6:31
  journalist
• 6:31
  Kia
• 6:31
  Ora.
• 6:32
  This
• 6:32
  podcast
• 6:33
  can
• 6:33
  only
• 6:33
  give
• 6:33
  you
• 6:34
  general
• 6:34
  information
• 6:35
  about
• 6:35
  how
• 6:35
  things
• 6:35
  work
• 6:36
  in
• 6:36
  most
• 6:36
  situations.
• 6:37
  It's
• 6:38
  not
• 6:38
  individual
• 6:39
  financial
• 6:39
  advice.
• 6:40
  If
• 6:40
  you're
• 6:40
  after
• 6:41
  that,
• 6:41
  a
• 6:41
  financial
• 6:41
  advisor
• 6:42
  is
• 6:42
  always
• 6:43
  the
• 6:43
  best
• 6:43
  bet.