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The Iran War Is Already Costing You, Here's What To Do About It · Making Cents

• 0:00
  The
• 0:00
  Iran
• 0:00
  war
• 0:01
  has
• 0:01
  had
• 0:01
  a
• 0:01
  huge
• 0:02
  impact
• 0:02
  on
• 0:03
  your
• 0:03
  money
• 0:03
  and
• 0:03
  it's
• 0:04
  so
• 0:04
  far
• 0:05
  from
• 0:05
  over,
• 0:06
  even
• 0:07
  when
• 0:07
  there
• 0:07
  were
• 0:07
  these
• 0:07
  ceasefire
• 0:08
  talks
• 0:08
  in
• 0:08
  the
• 0:09
  air,
• 0:09
  and
• 0:10
  that
• 0:10
  already
• 0:10
  seems
• 0:11
  to
• 0:11
  be
• 0:11
  over.
• 0:12
  But
• 0:12
  even
• 0:12
  if
• 0:13
  it
• 0:13
  all
• 0:13
  ended
• 0:13
  today,
• 0:14
  I
• 0:14
  hate
• 0:15
  to
• 0:15
  tell
• 0:15
  you,
• 0:16
  the
• 0:16
  financial
• 0:16
  damage
• 0:17
  already
• 0:18
  in
• 0:18
  motion
• 0:18
  and
• 0:19
  it
• 0:19
  goes
• 0:20
  way
• 0:20
  beyond
• 0:21
  what
• 0:21
  you're
• 0:22
  seeing
• 0:22
  at
• 0:22
  the
• 0:23
  petrol
• 0:23
  pump.
• 0:24
  It's
• 0:24
  your
• 0:24
  groceries,
• 0:26
  your
• 0:26
  job,
• 0:27
  your
• 0:27
  mortgage,
• 0:28
  your
• 0:28
  investments,
• 0:29
  your
• 0:29
  kiwisaver.
• 0:30
  And
• 0:30
  today
• 0:30
  we're
• 0:31
  going
• 0:31
  to
• 0:31
  dive
• 0:31
  into
• 0:32
  all
• 0:32
  of
• 0:33
  them.
• 0:33
  Now,
• 0:33
  look,
• 0:34
  you
• 0:34
  can't
• 0:34
  control
• 0:35
  everything.
• 0:35
  You
• 0:36
  certainly
• 0:36
  can't
• 0:37
  control
• 0:37
  whether
• 0:37
  a
• 0:38
  ceasefire
• 0:38
  holds
• 0:39
  or
• 0:39
  what
• 0:40
  happens
• 0:40
  in
• 0:40
  the
• 0:40
  Strait
• 0:41
  of
• 0:41
  Hormuz
• 0:42
  or
• 0:42
  what
• 0:42
  the
• 0:42
  Reserve
• 0:43
  bank
• 0:43
  does
• 0:43
  next.
• 0:44
  But
• 0:44
  you
• 0:45
  absolutely
• 0:46
  can
• 0:46
  control
• 0:47
  some
• 0:48
  parts
• 0:48
  of
• 0:48
  this.
• 0:49
  And
• 0:49
  it
• 0:49
  is
• 0:49
  so
• 0:50
  worth
• 0:51
  taking
• 0:51
  control
• 0:52
  of
• 0:52
  the
• 0:52
  parts
• 0:53
  that
• 0:53
  you
• 0:53
  can.
• 0:54
  Because
• 0:54
  taking
• 0:55
  action,
• 0:55
  times
• 0:56
  like
• 0:56
  this,
• 0:56
  even
• 0:57
  small
• 0:57
  action,
• 0:58
  doesn't
• 0:59
  just
• 0:59
  ease
• 0:59
  the
• 0:59
  financial
• 1:00
  pressure.
• 1:00
  I
• 1:00
  mean,
• 1:01
  we
• 1:01
  want
• 1:01
  that
• 1:01
  too,
• 1:02
  and
• 1:02
  we
• 1:03
  will,
• 1:03
  because
• 1:04
  money
• 1:04
  is
• 1:04
  tight
• 1:04
  for
• 1:04
  everyone
• 1:05
  right
• 1:05
  now
• 1:05
  and
• 1:05
  it's
• 1:06
  about
• 1:06
  to
• 1:06
  get
• 1:07
  even
• 1:07
  tighter.
• 1:07
  But
• 1:08
  it's
• 1:08
  also
• 1:08
  about
• 1:08
  giving
• 1:09
  you
• 1:09
  back
• 1:09
  a
• 1:09
  sense
• 1:10
  of
• 1:10
  control.
• 1:11
  And
• 1:11
  that
• 1:11
  alone
• 1:12
  is
• 1:12
  also
• 1:13
  worth
• 1:13
  something
• 1:14
  when
• 1:15
  everything
• 1:15
  is
• 1:15
  feeling
• 1:16
  so
• 1:16
  uncertain.
• 1:17
  So
• 1:17
  we're
• 1:18
  going
• 1:18
  to
• 1:18
  take
• 1:18
  back
• 1:19
  our
• 1:19
  own
• 1:19
  agency
• 1:20
  and
• 1:20
  control
• 1:21
  to
• 1:22
  stop
• 1:22
  letting
• 1:23
  mad
• 1:23
  men
• 1:23
  make
• 1:24
  our
• 1:24
  lives
• 1:24
  harder
• 1:25
  than
• 1:25
  it
• 1:25
  needs
• 1:25
  to
• 1:25
  be.
• 1:26
  So
• 1:26
  welcome
• 1:26
  to
• 1:26
  Making
• 1:27
  Sense.
• 1:27
  It's
• 1:28
  the
• 1:28
  podcast
• 1:28
  people
• 1:29
  who
• 1:29
  want
• 1:29
  financial
• 1:29
  freedom
• 1:30
  without
• 1:30
  giving
• 1:30
  up
• 1:31
  their
• 1:31
  coffee.
• 1:31
  I'm
• 1:32
  Frances
• 1:32
  Cook,
• 1:32
  a
• 1:33
  financial
• 1:33
  journalist
• 1:33
  and
• 1:34
  fellow
• 1:34
  financial
• 1:34
  freedom
• 1:34
  seeker
• 1:35
  who
• 1:35
  makes
• 1:36
  money
• 1:36
  simple
• 1:36
  for
• 1:37
  you.
• 1:37
  Let's
• 1:38
  get
• 1:38
  into
• 1:38
  this.
• 1:38
  First
• 1:39
  of
• 1:39
  all,
• 1:39
  pain
• 1:40
  at
• 1:40
  the
• 1:41
  pump.
• 1:41
  So
• 1:42
  we're
• 1:42
  going
• 1:42
  to
• 1:42
  start
• 1:42
  with
• 1:43
  the
• 1:43
  most
• 1:43
  obvious,
• 1:43
  the
• 1:44
  immediate
• 1:44
  one,
• 1:45
  transport,
• 1:45
  and
• 1:46
  how
• 1:46
  that
• 1:46
  impacts
• 1:47
  everything,
• 1:48
  the
• 1:49
  one
• 1:49
  you
• 1:49
  feel
• 1:49
  every
• 1:50
  single
• 1:50
  time
• 1:50
  you
• 1:51
  pull
• 1:51
  up
• 1:51
  to
• 1:51
  a
• 1:51
  petrol
• 1:52
  station
• 1:53
  and
• 1:53
  that
• 1:53
  also
• 1:54
  ends
• 1:54
  up
• 1:54
  rolling
• 1:54
  into,
• 1:55
  well,
• 1:56
  everything
• 1:56
  else.
• 1:57
  Now,
• 1:57
  bear
• 1:57
  in
• 1:58
  mind,
• 1:59
  I
• 1:59
  am
• 1:59
  recording
• 1:59
  this
• 2:00
  about
• 2:00
  a
• 2:00
  week
• 2:00
  ahead
• 2:01
  of
• 2:01
  when
• 2:01
  it's
• 2:01
  going
• 2:02
  to
• 2:02
  be
• 2:02
  released.
• 2:02
  We
• 2:02
  need
• 2:03
  some
• 2:03
  time
• 2:03
  to
• 2:03
  edit
• 2:03
  it,
• 2:04
  but
• 2:04
  these
• 2:05
  figures
• 2:05
  should
• 2:06
  be
• 2:06
  generally
• 2:07
  right.
• 2:08
  I've
• 2:08
  tried
• 2:08
  to
• 2:08
  make
• 2:09
  sure
• 2:09
  that
• 2:09
  what
• 2:09
  we're
• 2:09
  talking
• 2:10
  about
• 2:11
  shouldn't
• 2:11
  change
• 2:12
  too
• 2:12
  much.
• 2:13
  Not
• 2:13
  to
• 2:13
  jinx
• 2:14
  it,
• 2:14
  considering
• 2:15
  how
• 2:16
  unpredictable
• 2:16
  this
• 2:17
  whole
• 2:17
  situation
• 2:17
  is,
• 2:17
  but
• 2:18
  this
• 2:18
  should
• 2:18
  be
• 2:18
  generally
• 2:18
  right.
• 2:19
  So
• 2:20
  petrol
• 2:20
  prices
• 2:21
  are
• 2:21
  up
• 2:21
  43%
• 2:23
  since
• 2:23
  this
• 2:23
  all
• 2:24
  started,
• 2:24
  on
• 2:24
  average,
• 2:25
  and
• 2:25
  that
• 2:25
  is
• 2:25
  a
• 2:26
  whopper
• 2:27
  in
• 2:27
  just
• 2:27
  a
• 2:27
  few
• 2:28
  weeks
• 2:28
  now.
• 2:28
  Diesel
• 2:29
  worse.
• 2:30
  Some
• 2:30
  operators
• 2:31
  are
• 2:31
  saying
• 2:31
  prices
• 2:32
  are
• 2:32
  up
• 2:32
  110%.
• 2:35
  We
• 2:35
  were
• 2:35
  driving
• 2:36
  back
• 2:36
  from
• 2:36
  a
• 2:37
  little
• 2:37
  easier
• 2:37
  Easter
• 2:37
  weekend
• 2:38
  away
• 2:38
  with
• 2:38
  the
• 2:39
  kids,
• 2:39
  and
• 2:39
  they
• 2:39
  were
• 2:39
  both
• 2:39
  asleep
• 2:40
  in
• 2:40
  the
• 2:40
  back
• 2:40
  seat.
• 2:40
  So
• 2:41
  we
• 2:41
  were
• 2:41
  trying
• 2:41
  really
• 2:41
  hard
• 2:41
  to
• 2:42
  be
• 2:42
  quiet,
• 2:42
  both
• 2:43
  my
• 2:43
  husband
• 2:43
  and
• 2:43
  I,
• 2:44
  every
• 2:44
  time
• 2:44
  we
• 2:44
  drove
• 2:45
  past
• 2:45
  a
• 2:45
  petrol
• 2:45
  station,
• 2:46
  just
• 2:46
  hissing
• 2:47
  at
• 2:47
  each
• 2:47
  other
• 2:47
  and
• 2:47
  nudging
• 2:48
  each
• 2:48
  other
• 2:48
  as
• 2:49
  we're
• 2:49
  driving
• 2:49
  and
• 2:49
  seeing
• 2:50
  these
• 2:50
  prices
• 2:50
  going
• 2:51
  over
• 2:52
  $3.70
• 2:53
  everywhere.
• 2:54
  And
• 2:54
  since
• 2:54
  then
• 2:54
  it's
• 2:55
  worse.
• 2:55
  The
• 2:55
  diesel
• 2:56
  price
• 2:56
  is
• 2:56
  actually
• 2:57
  a
• 2:57
  much
• 2:57
  bigger
• 2:58
  problem
• 2:58
  because
• 2:59
  diesel
• 3:00
  is
• 3:00
  how
• 3:01
  we
• 3:01
  move
• 3:01
  around
• 3:01
  freight
• 3:02
  and
• 3:02
  how
• 3:03
  farmers
• 3:03
  do
• 3:04
  things
• 3:04
  like
• 3:04
  power
• 3:05
  the
• 3:05
  tractors
• 3:06
  that
• 3:06
  harvest
• 3:06
  our
• 3:06
  food.
• 3:07
  And
• 3:07
  it's
• 3:08
  actually
• 3:08
  far
• 3:09
  more
• 3:09
  central
• 3:10
  to
• 3:10
  our
• 3:10
  economy
• 3:11
  than
• 3:11
  petrol.
• 3:12
  But
• 3:12
  we
• 3:13
  will
• 3:13
  come
• 3:13
  back
• 3:13
  to
• 3:13
  that.
• 3:14
  The
• 3:14
  issue
• 3:15
  is
• 3:15
  that
• 3:15
  whether
• 3:15
  or
• 3:16
  not
• 3:16
  a
• 3:16
  ceasefire
• 3:17
  holds
• 3:18
  or
• 3:18
  whether
• 3:19
  it
• 3:19
  gets
• 3:19
  worse
• 3:20
  and
• 3:20
  the
• 3:20
  US
• 3:21
  keeps
• 3:21
  blockading
• 3:22
  Iran,
• 3:23
  it
• 3:23
  doesn't
• 3:24
  really
• 3:24
  matter.
• 3:25
  I
• 3:25
  mean,
• 3:25
  look,
• 3:25
  it
• 3:26
  absolutely
• 3:26
  does
• 3:26
  matter
• 3:27
  in
• 3:27
  that
• 3:27
  I
• 3:28
  hope
• 3:28
  people
• 3:28
  can
• 3:28
  be
• 3:29
  safe
• 3:29
  and
• 3:30
  the
• 3:30
  bombing
• 3:30
  stops.
• 3:31
  Don't
• 3:31
  get
• 3:31
  me
• 3:31
  wrong,
• 3:32
  but
• 3:32
  I'm
• 3:32
  confident
• 3:33
  in
• 3:34
  talking
• 3:34
  to
• 3:34
  you
• 3:34
  about
• 3:34
  this
• 3:35
  now
• 3:35
  that
• 3:36
  the
• 3:36
  financial
• 3:37
  impacts
• 3:37
  of
• 3:37
  this,
• 3:38
  what
• 3:39
  happens
• 3:39
  in
• 3:39
  the
• 3:40
  next
• 3:40
  couple
• 3:40
  of
• 3:40
  weeks
• 3:41
  is
• 3:41
  almost
• 3:42
  irrelevant.
• 3:43
  There
• 3:43
  is
• 3:43
  already
• 3:44
  so
• 3:44
  much
• 3:45
  damage
• 3:46
  locked
• 3:47
  in
• 3:47
  and
• 3:48
  it's
• 3:48
  going
• 3:48
  to
• 3:48
  take
• 3:49
  best
• 3:49
  case
• 3:50
  scenario
• 3:51
  months
• 3:51
  to
• 3:51
  fix.
• 3:52
  There
• 3:53
  have
• 3:53
  been
• 3:53
  some
• 3:53
  predictions
• 3:54
  out
• 3:54
  just
• 3:54
  today
• 3:55
  that
• 3:55
  it
• 3:56
  could
• 3:56
  take
• 3:56
  two
• 3:56
  to
• 3:56
  five
• 3:57
  years
• 3:58
  to
• 3:58
  fix.
• 3:58
  Two
• 3:59
  to
• 3:59
  five
• 4:00
  years.
• 4:01
  I
• 4:01
  don't
• 4:01
  think
• 4:02
  we
• 4:02
  should
• 4:02
  be
• 4:02
  pinning
• 4:03
  our
• 4:03
  hopes
• 4:04
  on
• 4:04
  what
• 4:04
  is
• 4:05
  out
• 4:05
  of
• 4:05
  our
• 4:05
  control
• 4:05
  here.
• 4:06
  We
• 4:06
  can't
• 4:07
  control
• 4:08
  what
• 4:08
  happens
• 4:09
  in
• 4:09
  the
• 4:09
  politics
• 4:10
  side
• 4:10
  of
• 4:10
  things
• 4:10
  and
• 4:11
  it
• 4:11
  might
• 4:11
  not
• 4:12
  help
• 4:12
  us
• 4:12
  anyway.
• 4:14
  So
• 4:14
  France
• 4:15
  put
• 4:15
  out
• 4:15
  some
• 4:15
  numbers
• 4:16
  a
• 4:16
  couple
• 4:16
  of
• 4:16
  weeks
• 4:16
  ago
• 4:17
  that
• 4:18
  showed
• 4:18
  an
• 4:19
  estimate
• 4:19
  of
• 4:20
  30
• 4:20
  to
• 4:21
  40%
• 4:22
  of
• 4:22
  Gulf
• 4:23
  energy
• 4:23
  infrastructure
• 4:24
  has
• 4:24
  been
• 4:25
  destroyed
• 4:25
  by
• 4:25
  the
• 4:25
  bombing.
• 4:26
  And
• 4:26
  by
• 4:26
  that
• 4:26
  they
• 4:27
  mean
• 4:27
  things
• 4:28
  like
• 4:28
  oil
• 4:28
  refineries.
• 4:29
  That's
• 4:30
  what
• 4:30
  turns
• 4:30
  oil
• 4:31
  into
• 4:32
  usable
• 4:32
  petrol
• 4:33
  and
• 4:33
  diesel.
• 4:35
  That
• 4:35
  number
• 4:35
  is
• 4:36
  almost
• 4:37
  certainly
• 4:37
  worse
• 4:38
  by
• 4:38
  now.
• 4:38
  It's
• 4:39
  going
• 4:39
  to
• 4:39
  take
• 4:39
  a
• 4:39
  long
• 4:40
  time
• 4:40
  to
• 4:41
  repair
• 4:41
  all
• 4:41
  of
• 4:42
  that
• 4:42
  infrastructure.
• 4:43
  And
• 4:44
  oil
• 4:44
  prices
• 4:45
  have
• 4:45
  dropped
• 4:45
  a
• 4:45
  couple
• 4:45
  of
• 4:45
  times,
• 4:46
  like
• 4:46
  when
• 4:46
  the
• 4:46
  ceasefire
• 4:47
  was
• 4:47
  announced,
• 4:48
  but
• 4:49
  actually
• 4:49
  not
• 4:49
  all
• 4:49
  that
• 4:50
  much
• 4:50
  really.
• 4:50
  And
• 4:51
  certainly
• 4:51
  it's
• 4:51
  nowhere
• 4:52
  near
• 4:52
  the
• 4:53
  pre
• 4:53
  war
• 4:55
  price
• 4:55
  levels.
• 4:56
  And
• 4:56
  then
• 4:57
  peace
• 4:57
  talks
• 4:57
  failed
• 4:58
  and
• 4:58
  the
• 4:58
  US
• 4:58
  started
• 4:59
  blockading
• 4:59
  Iran
• 5:00
  and
• 5:00
  we're
• 5:01
  back.
• 5:02
  So
• 5:03
  the
• 5:03
  problem
• 5:03
  here
• 5:03
  is
• 5:03
  that
• 5:04
  there's
• 5:04
  a
• 5:04
  lag
• 5:04
  built
• 5:05
  into
• 5:05
  everything.
• 5:06
  The
• 5:06
  strait
• 5:07
  has
• 5:07
  to
• 5:07
  be
• 5:07
  verified,
• 5:08
  safe
• 5:09
  before
• 5:09
  ships
• 5:10
  will
• 5:10
  go
• 5:10
  through
• 5:10
  it.
• 5:11
  There
• 5:11
  are
• 5:12
  insurance
• 5:13
  rates
• 5:13
  that
• 5:13
  need
• 5:13
  to
• 5:14
  come
• 5:14
  down.
• 5:15
  Those
• 5:15
  ships
• 5:15
  need
• 5:16
  to
• 5:16
  then,
• 5:16
  even
• 5:17
  once
• 5:17
  all
• 5:17
  that's
• 5:17
  happened,
• 5:18
  load
• 5:18
  up
• 5:19
  with
• 5:20
  refined
• 5:20
  fuel,
• 5:22
  go
• 5:22
  to
• 5:22
  South
• 5:22
  Korea,
• 5:23
  go
• 5:23
  to
• 5:23
  Singapore
• 5:24
  and
• 5:24
  then
• 5:24
  sail
• 5:25
  across
• 5:25
  the
• 5:25
  ocean
• 5:26
  and
• 5:26
  arrive
• 5:26
  here.
• 5:27
  So
• 5:27
  we're
• 5:28
  at
• 5:28
  the
• 5:28
  bottom
• 5:28
  of
• 5:28
  the
• 5:28
  world.
• 5:30
  Even
• 5:30
  the
• 5:30
  best
• 5:30
  case
• 5:31
  scenario
• 5:31
  means
• 5:32
  that
• 5:32
  it's
• 5:32
  going
• 5:32
  to
• 5:32
  take
• 5:33
  a
• 5:33
  lot
• 5:33
  of
• 5:33
  time.
• 5:34
  So
• 5:34
  even
• 5:35
  as
• 5:35
  prices
• 5:35
  come
• 5:35
  down,
• 5:36
  it's
• 5:37
  not
• 5:37
  immediate.
• 5:38
  So
• 5:38
  many
• 5:38
  industry
• 5:39
  experts
• 5:40
  have
• 5:40
  been
• 5:40
  talking
• 5:40
  about
• 5:41
  this
• 5:41
  and
• 5:41
  they
• 5:42
  pretty
• 5:42
  much
• 5:42
  all
• 5:43
  agree
• 5:43
  any
• 5:44
  price
• 5:44
  relief
• 5:45
  would
• 5:45
  take
• 5:46
  months,
• 5:46
  even
• 5:46
  in
• 5:46
  the
• 5:47
  good
• 5:47
  scenarios.
• 5:48
  And
• 5:48
  that's
• 5:48
  only
• 5:49
  if
• 5:49
  the
• 5:50
  straight
• 5:50
  fully
• 5:51
  reopens
• 5:52
  and
• 5:52
  stays
• 5:54
  open.
• 5:54
  Again,
• 5:55
  not
• 5:55
  guaranteed.
• 5:56
  Sorry
• 5:56
  to
• 5:56
  run
• 5:57
  you
• 5:57
  through
• 5:57
  the
• 5:57
  doom
• 5:57
  scenario
• 5:57
  there,
• 5:58
  but
• 5:58
  it's
• 5:58
  really
• 5:58
  important
• 5:58
  to
• 5:59
  set
• 5:59
  that
• 5:59
  context
• 6:01
  for
• 6:02
  why
• 6:02
  we
• 6:02
  are
• 6:02
  not
• 6:03
  waiting
• 6:03
  and
• 6:04
  we're
• 6:04
  changing
• 6:04
  habits
• 6:05
  now.
• 6:06
  So
• 6:07
  many
• 6:07
  of
• 6:07
  us
• 6:07
  use
• 6:08
  a
• 6:08
  car
• 6:08
  to
• 6:08
  get
• 6:08
  around.
• 6:09
  There
• 6:09
  was
• 6:09
  an
• 6:10
  Ipsos
• 6:10
  survey
• 6:11
  that
• 6:11
  found
• 6:12
  66%
• 6:13
  of
• 6:13
  New
• 6:13
  Zealanders
• 6:14
  rely
• 6:14
  on
• 6:14
  a
• 6:14
  car
• 6:15
  as
• 6:15
  their
• 6:15
  main
• 6:15
  transport,
• 6:16
  which
• 6:16
  is
• 6:16
  actually
• 6:17
  a
• 6:17
  lot
• 6:17
  higher
• 6:18
  than
• 6:18
  the
• 6:19
  global
• 6:19
  average.
• 6:19
  Globally
• 6:21
  that
• 6:21
  number
• 6:21
  is
• 6:21
  only
• 6:21
  about
• 6:22
  39%.
• 6:23
  So
• 6:24
  we
• 6:24
  are
• 6:25
  really
• 6:25
  whacked
• 6:25
  by
• 6:26
  this
• 6:26
  even
• 6:26
  before
• 6:26
  those
• 6:27
  petrol
• 6:28
  prices
• 6:28
  flow
• 6:29
  through
• 6:29
  to
• 6:29
  everything
• 6:30
  else.
• 6:30
  So
• 6:31
  anyway,
• 6:31
  look,
• 6:31
  enough
• 6:31
  doom.
• 6:32
  What
• 6:32
  can
• 6:33
  we
• 6:33
  as
• 6:33
  individuals
• 6:34
  do?
• 6:35
  The
• 6:35
  small
• 6:36
  actions
• 6:37
  that
• 6:37
  can
• 6:37
  be
• 6:37
  easy
• 6:38
  to
• 6:38
  dismiss
• 6:39
  but
• 6:39
  actually
• 6:39
  do
• 6:40
  make
• 6:40
  a
• 6:40
  big
• 6:40
  difference
• 6:41
  here.
• 6:41
  Right,
• 6:42
  so
• 6:42
  we
• 6:42
  start
• 6:43
  with
• 6:43
  just
• 6:43
  using
• 6:44
  things
• 6:44
  like
• 6:44
  price
• 6:44
  comparison
• 6:45
  apps,
• 6:45
  things
• 6:46
  like
• 6:46
  Gatsby.
• 6:46
  When
• 6:47
  you're
• 6:47
  filling
• 6:47
  up
• 6:48
  every
• 6:48
  single
• 6:48
  time
• 6:49
  it's
• 6:49
  free,
• 6:50
  it
• 6:50
  takes
• 6:51
  10
• 6:51
  seconds.
• 6:52
  And
• 6:52
  fuel
• 6:52
  prices
• 6:53
  vary
• 6:53
  so
• 6:54
  much
• 6:54
  even
• 6:55
  across
• 6:55
  the
• 6:55
  same
• 6:55
  city.
• 6:56
  Don't
• 6:57
  pull
• 6:57
  into
• 6:57
  the
• 6:57
  first
• 6:57
  station
• 6:58
  you
• 6:58
  see
• 6:58
  out
• 6:59
  of
• 6:59
  habit.
• 7:00
  That
• 7:00
  habit
• 7:01
  is
• 7:01
  costing
• 7:01
  you
• 7:02
  big
• 7:02
  money
• 7:03
  these
• 7:03
  days.
• 7:04
  Also
• 7:04
  consider
• 7:05
  what
• 7:05
  day
• 7:05
  of
• 7:05
  the
• 7:05
  week
• 7:06
  you
• 7:06
  fill
• 7:06
  up.
• 7:07
  Some
• 7:07
  of
• 7:07
  the
• 7:08
  places
• 7:08
  are
• 7:09
  cheaper
• 7:10
  earlier
• 7:11
  in
• 7:11
  the
• 7:11
  week,
• 7:12
  like
• 7:12
  a
• 7:13
  Tuesday.
• 7:14
  It's
• 7:14
  weird
• 7:15
  but.
• 7:15
  But
• 7:16
  it
• 7:16
  is
• 7:16
  true.
• 7:17
  It
• 7:17
  depends
• 7:17
  on
• 7:17
  where
• 7:18
  you
• 7:18
  are
• 7:18
  in
• 7:18
  the
• 7:18
  country,
• 7:18
  but
• 7:19
  a
• 7:19
  lot
• 7:19
  of
• 7:19
  places
• 7:20
  do
• 7:20
  have
• 7:20
  cheaper
• 7:21
  prices
• 7:21
  earlier
• 7:21
  in
• 7:22
  the
• 7:22
  week.
• 7:22
  So
• 7:23
  hey,
• 7:23
  pay
• 7:24
  attention
• 7:24
  to
• 7:24
  that
• 7:25
  and
• 7:25
  if
• 7:25
  you
• 7:25
  do
• 7:25
  notice
• 7:26
  a
• 7:26
  difference
• 7:27
  then
• 7:27
  great.
• 7:28
  Next,
• 7:29
  smooth
• 7:29
  out
• 7:29
  your
• 7:29
  driving.
• 7:30
  This
• 7:30
  sounds
• 7:31
  small,
• 7:31
  but
• 7:32
  it
• 7:32
  really
• 7:32
  isn't,
• 7:32
  believe
• 7:33
  me.
• 7:33
  My
• 7:33
  mother
• 7:34
  in
• 7:34
  law
• 7:34
  has
• 7:35
  done
• 7:35
  this
• 7:35
  and
• 7:36
  she
• 7:36
  now
• 7:36
  cannot
• 7:37
  stop
• 7:37
  telling
• 7:38
  everyone
• 7:38
  she
• 7:39
  meets
• 7:39
  about
• 7:39
  what
• 7:39
  a
• 7:40
  huge
• 7:40
  difference
• 7:40
  it
• 7:40
  makes
• 7:41
  to
• 7:41
  her
• 7:41
  fuel
• 7:41
  bill.
• 7:42
  And
• 7:43
  you
• 7:43
  know
• 7:43
  what?
• 7:43
  It's
• 7:44
  it's
• 7:44
  true.
• 7:45
  Because
• 7:46
  aggressive
• 7:47
  acceleration
• 7:48
  increases
• 7:49
  your
• 7:49
  fuel
• 7:49
  use,
• 7:50
  they've
• 7:50
  tracked
• 7:50
  this
• 7:51
  by
• 7:51
  20
• 7:52
  to
• 7:52
  40%.
• 7:54
  So
• 7:55
  drive
• 7:55
  steady
• 7:56
  as
• 7:56
  much
• 7:56
  as
• 7:57
  you
• 7:57
  can,
• 7:58
  ease
• 7:58
  onto
• 7:58
  the
• 7:58
  accelerator,
• 7:59
  keep
• 8:00
  your
• 8:00
  speed
• 8:01
  steady
• 8:01
  and
• 8:02
  then
• 8:03
  get
• 8:03
  those
• 8:03
  savings.
• 8:04
  Small
• 8:04
  change
• 8:05
  for
• 8:05
  a
• 8:05
  very
• 8:05
  real
• 8:06
  saving.
• 8:06
  Next
• 8:06
  one,
• 8:07
  check
• 8:07
  your
• 8:07
  tire
• 8:08
  pressure.
• 8:08
  This.
• 8:09
  This
• 8:09
  takes
• 8:09
  two
• 8:10
  minutes
• 8:10
  at
• 8:10
  any
• 8:10
  petrol
• 8:11
  station.
• 8:11
  It's
• 8:12
  totally
• 8:12
  free.
• 8:13
  And
• 8:13
  underinflated
• 8:14
  tires
• 8:15
  can
• 8:15
  increase
• 8:15
  your
• 8:16
  fuel
• 8:16
  usage
• 8:16
  up
• 8:16
  to
• 8:17
  3%.
• 8:18
  So
• 8:18
  again,
• 8:19
  free
• 8:20
  money.
• 8:20
  Go
• 8:21
  get
• 8:21
  it.
• 8:21
  Combined
• 8:22
  trips.
• 8:23
  This
• 8:23
  makes
• 8:24
  sense.
• 8:24
  If
• 8:25
  you
• 8:25
  can
• 8:25
  have
• 8:25
  one
• 8:26
  trip
• 8:26
  cover
• 8:27
  two
• 8:27
  things,
• 8:28
  then
• 8:28
  great.
• 8:29
  Obviously
• 8:29
  you're
• 8:30
  saving.
• 8:30
  But
• 8:31
  also
• 8:31
  a
• 8:32
  cold
• 8:32
  engine
• 8:33
  uses
• 8:34
  more
• 8:34
  fuel
• 8:34
  for
• 8:35
  the
• 8:35
  first
• 8:35
  few
• 8:35
  kilometers.
• 8:36
  Fun
• 8:36
  fact.
• 8:37
  So
• 8:38
  if
• 8:38
  you're
• 8:39
  combining
• 8:40
  separate
• 8:40
  errands,
• 8:41
  then
• 8:42
  you
• 8:42
  are
• 8:42
  saving
• 8:43
  yourself
• 8:43
  those
• 8:43
  extra
• 8:44
  cold
• 8:45
  starts
• 8:46
  instead
• 8:46
  of
• 8:47
  three
• 8:47
  different
• 8:47
  cold
• 8:48
  starts.
• 8:48
  Maybe
• 8:48
  you've
• 8:48
  just
• 8:48
  got
• 8:49
  one
• 8:49
  loop.
• 8:49
  Same
• 8:49
  errands,
• 8:50
  less
• 8:50
  fuel.
• 8:51
  Also
• 8:51
  a
• 8:51
  really
• 8:52
  good
• 8:52
  time
• 8:52
  to
• 8:52
  have
• 8:52
  the
• 8:52
  work
• 8:53
  from
• 8:53
  home
• 8:53
  conversation.
• 8:54
  I
• 8:55
  know
• 8:56
  some
• 8:56
  employers
• 8:57
  have
• 8:58
  become
• 8:59
  touchy
• 9:00
  about
• 9:01
  this
• 9:01
  one.
• 9:01
  They've
• 9:01
  got
• 9:01
  a
• 9:02
  bit
• 9:02
  of
• 9:02
  a
• 9:02
  bee
• 9:02
  in
• 9:02
  their
• 9:03
  bonnets
• 9:03
  about
• 9:03
  it
• 9:03
  and
• 9:04
  obviously
• 9:05
  keep
• 9:05
  these
• 9:05
  conversations
• 9:05
  friendly
• 9:06
  and
• 9:06
  productive,
• 9:07
  but
• 9:07
  you
• 9:07
  still
• 9:07
  need
• 9:08
  to
• 9:08
  have
• 9:08
  the
• 9:08
  conversation,
• 9:09
  even
• 9:10
  just
• 9:10
  one
• 9:11
  or
• 9:11
  two
• 9:11
  days
• 9:12
  a
• 9:12
  week.
• 9:13
  That
• 9:13
  could
• 9:13
  change
• 9:14
  your
• 9:14
  numbers
• 9:15
  in
• 9:15
  a
• 9:15
  big
• 9:15
  way.
• 9:16
  If
• 9:16
  you're
• 9:16
  doing
• 9:17
  a
• 9:17
  30
• 9:17
  minute
• 9:18
  commute
• 9:18
  every
• 9:19
  day,
• 9:20
  five
• 9:20
  days
• 9:20
  a
• 9:21
  week,
• 9:21
  changing
• 9:22
  that
• 9:22
  to
• 9:22
  be
• 9:22
  just
• 9:23
  three
• 9:23
  days
• 9:23
  a
• 9:24
  week,
• 9:24
  and
• 9:24
  then
• 9:24
  you're
• 9:24
  saving
• 9:25
  40%
• 9:26
  of
• 9:26
  your
• 9:26
  commuting
• 9:27
  fuel
• 9:27
  costs.
• 9:28
  I
• 9:28
  mean,
• 9:28
  that's
• 9:29
  massive.
• 9:30
  If
• 9:30
  you
• 9:30
  could
• 9:31
  save
• 9:32
  50
• 9:32
  bucks
• 9:32
  just
• 9:33
  by
• 9:33
  having
• 9:33
  a
• 9:33
  conversation,
• 9:34
  wouldn't
• 9:34
  it
• 9:34
  be
• 9:34
  worth
• 9:35
  it?
• 9:35
  I
• 9:35
  also
• 9:36
  have
• 9:36
  a
• 9:36
  little
• 9:37
  public
• 9:37
  transport
• 9:37
  hack
• 9:38
  for
• 9:38
  you.
• 9:38
  This
• 9:38
  one
• 9:38
  is
• 9:39
  wild.
• 9:39
  I
• 9:39
  hadn't
• 9:40
  heard
• 9:40
  it
• 9:40
  before
• 9:40
  it
• 9:41
  came
• 9:41
  up
• 9:41
  in
• 9:41
  the
• 9:42
  webinar
• 9:42
  that
• 9:43
  we
• 9:43
  had
• 9:43
  a
• 9:43
  couple
• 9:44
  weeks
• 9:44
  ago.
• 9:45
  Iran
• 9:45
  oil
• 9:46
  and
• 9:46
  your
• 9:46
  money.
• 9:47
  So
• 9:47
  that
• 9:47
  is
• 9:48
  up
• 9:48
  now
• 9:48
  on
• 9:49
  both
• 9:49
  the
• 9:49
  YouTube
• 9:50
  and
• 9:50
  the
• 9:50
  podcast
• 9:50
  channels.
• 9:51
  If
• 9:51
  you
• 9:51
  missed
• 9:51
  it,
• 9:51
  it's
• 9:52
  got
• 9:52
  so
• 9:53
  much
• 9:53
  in
• 9:53
  it.
• 9:53
  Dean
• 9:54
  Anderson
• 9:54
  from
• 9:55
  Kernel
• 9:55
  put
• 9:55
  me
• 9:55
  onto
• 9:56
  this
• 9:56
  one
• 9:57
  and
• 9:57
  it's
• 9:57
  called
• 9:58
  Extraordinary.
• 9:59
  You
• 9:59
  can
• 10:00
  find
• 10:00
  it
• 10:00
  at
• 10:01
  extraordinarypay.com
• 10:03
  IRD
• 10:03
  approved
• 10:04
  way
• 10:05
  for
• 10:05
  you
• 10:05
  to
• 10:06
  pay
• 10:06
  for
• 10:06
  public
• 10:07
  transport
• 10:08
  from
• 10:08
  your
• 10:08
  gross
• 10:10
  salary.
• 10:11
  As
• 10:11
  in
• 10:12
  you
• 10:12
  basically
• 10:12
  get
• 10:13
  a
• 10:13
  tax
• 10:13
  cut
• 10:14
  from
• 10:14
  using
• 10:15
  public
• 10:15
  transport.
• 10:16
  I
• 10:17
  don't
• 10:17
  know,
• 10:18
  I
• 10:18
  kind
• 10:18
  of
• 10:18
  love
• 10:19
  this
• 10:19
  and
• 10:19
  I
• 10:19
  feel
• 10:19
  like
• 10:19
  it's
• 10:20
  a
• 10:20
  really
• 10:20
  easy
• 10:20
  win.
• 10:21
  Your
• 10:21
  employer
• 10:21
  does
• 10:21
  have
• 10:22
  to
• 10:22
  help
• 10:22
  you
• 10:22
  set
• 10:22
  it
• 10:22
  up,
• 10:23
  but
• 10:23
  it
• 10:23
  doesn't
• 10:24
  cost
• 10:24
  them
• 10:24
  anything.
• 10:25
  What
• 10:25
  an
• 10:26
  easy
• 10:26
  win
• 10:27
  for
• 10:27
  them
• 10:27
  to
• 10:28
  give
• 10:28
  you.
• 10:29
  Someone
• 10:29
  on
• 10:29
  the
• 10:30
  medium
• 10:30
  income
• 10:31
  rough
• 10:31
  figures.
• 10:32
  It
• 10:32
  could
• 10:32
  save
• 10:32
  you
• 10:32
  maybe
• 10:33
  500
• 10:33
  to
• 10:34
  $700
• 10:35
  a
• 10:35
  year.
• 10:36
  So
• 10:36
  run,
• 10:37
  don't
• 10:37
  walk
• 10:37
  to
• 10:38
  talk
• 10:38
  to
• 10:38
  your
• 10:38
  HR
• 10:38
  office
• 10:39
  about
• 10:39
  this.
• 10:40
  Right,
• 10:40
  part
• 10:41
  two,
• 10:41
  the
• 10:41
  price
• 10:42
  of
• 10:42
  your
• 10:42
  plate.
• 10:43
  Moving
• 10:43
  onwards
• 10:44
  to
• 10:44
  food.
• 10:45
  This
• 10:45
  one
• 10:45
  is
• 10:46
  pretty
• 10:46
  interesting
• 10:47
  because
• 10:48
  there
• 10:48
  are
• 10:49
  two
• 10:49
  different
• 10:49
  food
• 10:50
  stories
• 10:51
  playing
• 10:51
  out
• 10:51
  right
• 10:51
  now.
• 10:52
  Most
• 10:53
  people
• 10:53
  have
• 10:53
  only
• 10:54
  heard
• 10:55
  one
• 10:55
  of
• 10:55
  them.
• 10:56
  So
• 10:56
  first
• 10:57
  stop
• 10:58
  a
• 10:58
  horrifying
• 10:58
  number
• 10:59
  to
• 10:59
  get
• 10:59
  you
• 11:00
  going.
• 11:01
  93%
• 11:03
  of
• 11:03
  all
• 11:03
  products
• 11:04
  in
• 11:04
  New
• 11:04
  Zealand
• 11:05
  are
• 11:05
  delivered
• 11:06
  by
• 11:06
  truck.
• 11:07
  That's
• 11:07
  research
• 11:08
  from
• 11:08
  the
• 11:08
  University
• 11:09
  of
• 11:09
  Auckland.
• 11:09
  So
• 11:10
  basically
• 11:11
  every
• 11:12
  single
• 11:12
  thing
• 11:13
  on
• 11:13
  supermarket
• 11:14
  shelves
• 11:15
  get
• 11:15
  there
• 11:16
  on
• 11:16
  the
• 11:16
  back
• 11:17
  of
• 11:17
  a
• 11:17
  diesel
• 11:18
  powered
• 11:18
  vehicle.
• 11:20
  And
• 11:21
  we
• 11:21
  talked
• 11:21
  about
• 11:21
  this
• 11:21
  earlier,
• 11:22
  right?
• 11:22
  Diesel,
• 11:23
  just
• 11:23
  about
• 11:23
  doubling
• 11:24
  in
• 11:24
  price.
• 11:25
  That
• 11:26
  cost
• 11:26
  goes
• 11:27
  somewhere.
• 11:27
  Where
• 11:27
  does
• 11:27
  it
• 11:28
  go?
• 11:28
  It
• 11:29
  goes
• 11:29
  onto
• 11:29
  the
• 11:29
  shelf
• 11:29
  price
• 11:30
  of
• 11:30
  the
• 11:31
  things
• 11:31
  that
• 11:31
  they
• 11:31
  were
• 11:31
  moving.
• 11:32
  And
• 11:32
  food
• 11:33
  inflation
• 11:34
  was
• 11:35
  already
• 11:35
  looking
• 11:35
  pretty
• 11:35
  gnarly
• 11:36
  before
• 11:36
  all
• 11:37
  of
• 11:37
  this
• 11:37
  hit
• 11:37
  stats.
• 11:38
  NZ
• 11:38
  had
• 11:39
  a
• 11:40
  basic
• 11:40
  inflation
• 11:41
  number
• 11:41
  of
• 11:41
  4.5%
• 11:43
  in
• 11:43
  February
• 11:44
  before
• 11:45
  all
• 11:45
  of
• 11:45
  this
• 11:45
  hit.
• 11:47
  And
• 11:47
  it
• 11:47
  was
• 11:47
  particularly
• 11:48
  hitting
• 11:48
  meat,
• 11:49
  poultry,
• 11:49
  fish,
• 11:50
  eggs,
• 11:50
  eggs,
• 11:50
  dairy.
• 11:51
  So
• 11:52
  all
• 11:52
  of
• 11:52
  those
• 11:52
  were
• 11:52
  up
• 11:53
  way
• 11:53
  more
• 11:53
  than
• 11:54
  that
• 11:54
  standard
• 11:55
  inflation
• 11:55
  number.
• 11:55
  The
• 11:55
  meat
• 11:56
  was
• 11:56
  7.5%,
• 11:58
  the
• 11:58
  dairy
• 11:59
  and
• 11:59
  eggs
• 11:59
  was
• 12:00
  9.9%
• 12:01
  inflation.
• 12:02
  So
• 12:03
  awesome.
• 12:04
  Good
• 12:04
  luck
• 12:04
  with
• 12:04
  your
• 12:04
  healthy
• 12:05
  eating
• 12:05
  team.
• 12:06
  But
• 12:06
  the
• 12:07
  Reserve
• 12:07
  bank
• 12:08
  has
• 12:08
  just
• 12:08
  in
• 12:08
  the
• 12:08
  last
• 12:08
  couple
• 12:09
  of
• 12:09
  weeks
• 12:09
  also
• 12:09
  put
• 12:10
  out
• 12:10
  their
• 12:11
  assessment
• 12:12
  of
• 12:12
  the
• 12:12
  economy
• 12:13
  where
• 12:13
  they
• 12:14
  say
• 12:14
  what's
• 12:14
  going
• 12:15
  on?
• 12:15
  And
• 12:15
  they
• 12:16
  have
• 12:16
  also
• 12:16
  said
• 12:16
  they
• 12:17
  think
• 12:17
  inflation
• 12:17
  is
• 12:18
  going
• 12:18
  to
• 12:18
  go
• 12:18
  up
• 12:19
  more.
• 12:20
  Once
• 12:20
  again
• 12:20
  pointed
• 12:21
  out
• 12:22
  food
• 12:22
  and
• 12:23
  transport
• 12:24
  as
• 12:24
  being
• 12:25
  the
• 12:25
  key
• 12:25
  areas
• 12:26
  that
• 12:26
  are
• 12:26
  going
• 12:26
  to
• 12:26
  be
• 12:26
  the
• 12:26
  worst
• 12:27
  hit
• 12:27
  things
• 12:27
  to
• 12:27
  watch
• 12:28
  for
• 12:28
  at
• 12:28
  the
• 12:28
  supermarket.
• 12:29
  Fresh
• 12:30
  produce
• 12:30
  and
• 12:31
  meat,
• 12:31
  because
• 12:32
  those
• 12:32
  prices
• 12:32
  move
• 12:33
  quite
• 12:33
  quickly.
• 12:35
  Imported
• 12:35
  food
• 12:36
  as
• 12:36
  well,
• 12:36
  because
• 12:37
  obviously
• 12:38
  they've
• 12:38
  got
• 12:38
  to
• 12:39
  go
• 12:39
  through
• 12:39
  even
• 12:39
  more
• 12:40
  transport
• 12:40
  costs
• 12:41
  that
• 12:41
  are
• 12:41
  going
• 12:41
  to
• 12:41
  get
• 12:41
  baked
• 12:42
  in
• 12:42
  anything
• 12:43
  in
• 12:43
  plastic
• 12:44
  packaging
• 12:45
  because
• 12:45
  plastics
• 12:46
  are
• 12:46
  oil
• 12:47
  based.
• 12:47
  And
• 12:48
  so
• 12:48
  of
• 12:48
  course
• 12:48
  that's
• 12:48
  another
• 12:49
  layer
• 12:49
  of
• 12:49
  those
• 12:50
  direct
• 12:51
  oil
• 12:51
  costs
• 12:52
  that
• 12:52
  are
• 12:53
  going
• 12:53
  straight
• 12:53
  onto
• 12:53
  your
• 12:53
  food
• 12:54
  prices
• 12:54
  there.
• 12:55
  Now,
• 12:56
  I
• 12:56
  mentioned
• 12:57
  that
• 12:57
  there
• 12:57
  was
• 12:57
  two
• 12:58
  stories
• 12:59
  on
• 12:59
  the
• 12:59
  food
• 12:59
  front
• 13:00
  and
• 13:01
  this
• 13:01
  has
• 13:01
  been
• 13:02
  the
• 13:02
  one
• 13:02
  that
• 13:03
  most
• 13:03
  people
• 13:04
  are
• 13:04
  kind
• 13:04
  of
• 13:05
  across
• 13:05
  by
• 13:06
  now.
• 13:07
  But
• 13:07
  what
• 13:07
  about
• 13:08
  the
• 13:08
  one
• 13:08
  that
• 13:08
  I
• 13:08
  think
• 13:09
  most
• 13:09
  people
• 13:10
  aren't
• 13:10
  talking
• 13:11
  about?
• 13:12
  Enough
• 13:12
  is
• 13:13
  what's
• 13:13
  coming
• 13:14
  and
• 13:15
  it's
• 13:15
  the
• 13:15
  long
• 13:16
  term
• 13:16
  impact
• 13:16
  of
• 13:17
  these
• 13:17
  food
• 13:17
  prices
• 13:18
  because
• 13:18
  there
• 13:19
  is
• 13:19
  an
• 13:20
  underlying
• 13:20
  issue
• 13:21
  that
• 13:22
  is
• 13:22
  really
• 13:22
  worrying
• 13:23
  and
• 13:23
  it's
• 13:24
  fertilizer.
• 13:25
  Bear
• 13:26
  with
• 13:26
  me,
• 13:26
  this
• 13:27
  directly
• 13:27
  hits
• 13:28
  the
• 13:28
  price
• 13:28
  of
• 13:29
  everything
• 13:30
  you
• 13:30
  eat.
• 13:31
  About
• 13:32
  30%
• 13:33
  of
• 13:33
  all
• 13:34
  globally
• 13:35
  traded
• 13:35
  fertilizer
• 13:36
  goes
• 13:37
  through
• 13:37
  the
• 13:37
  Strait
• 13:38
  of
• 13:38
  Hormuz.
• 13:39
  And
• 13:40
  it's
• 13:40
  particularly
• 13:41
  bad
• 13:41
  for
• 13:42
  the
• 13:42
  fertilizer
• 13:42
  that
• 13:43
  we
• 13:43
  use
• 13:43
  for
• 13:44
  some
• 13:44
  pretty
• 13:45
  key
• 13:45
  areas.
• 13:46
  Wheat,
• 13:47
  corn,
• 13:48
  most
• 13:48
  veggies,
• 13:49
  a
• 13:50
  lot
• 13:50
  of
• 13:50
  that
• 13:50
  particular
• 13:50
  fertilizer
• 13:51
  goes
• 13:51
  through
• 13:52
  there.
• 13:52
  Here's
• 13:53
  why
• 13:53
  this
• 13:53
  matters.
• 13:54
  When
• 13:55
  fertilizer
• 13:55
  gets
• 13:56
  expensive,
• 13:56
  farmers
• 13:57
  use
• 13:58
  less
• 13:58
  of
• 13:58
  it.
• 13:58
  And
• 13:59
  when
• 13:59
  farmers
• 14:00
  use
• 14:00
  less
• 14:01
  fertilizer,
• 14:02
  crop
• 14:02
  yields
• 14:03
  drop.
• 14:04
  So
• 14:05
  in
• 14:05
  a
• 14:05
  few
• 14:05
  months,
• 14:06
  it
• 14:06
  is
• 14:07
  quite
• 14:07
  possible
• 14:09
  that
• 14:09
  we
• 14:09
  start
• 14:09
  seeing
• 14:10
  the
• 14:10
  impacts
• 14:10
  of
• 14:10
  this
• 14:11
  and
• 14:11
  decisions
• 14:12
  are
• 14:12
  being
• 14:12
  made
• 14:12
  about
• 14:13
  this
• 14:14
  right
• 14:15
  now.
• 14:15
  The
• 14:16
  price
• 14:16
  pressure
• 14:17
  that
• 14:17
  you're
• 14:18
  feeling
• 14:18
  now
• 14:19
  from
• 14:19
  transport
• 14:20
  and
• 14:21
  costs
• 14:22
  that
• 14:22
  are
• 14:22
  going
• 14:22
  straight
• 14:23
  onto
• 14:23
  food,
• 14:23
  that's
• 14:24
  the
• 14:24
  first
• 14:24
  wave.
• 14:25
  The
• 14:26
  fertilizer
• 14:27
  story
• 14:27
  is
• 14:28
  the
• 14:28
  second
• 14:28
  wave.
• 14:29
  And
• 14:29
  it
• 14:29
  is
• 14:30
  coming
• 14:31
  regardless
• 14:32
  of
• 14:33
  what
• 14:33
  happens
• 14:34
  next,
• 14:34
  diplomatically,
• 14:36
  because
• 14:36
  these
• 14:36
  decisions
• 14:37
  are
• 14:37
  having
• 14:37
  to
• 14:37
  be
• 14:37
  made
• 14:38
  with
• 14:38
  imperfect
• 14:39
  information
• 14:41
  now.
• 14:42
  So
• 14:42
  when
• 14:43
  farmers
• 14:43
  are
• 14:43
  squeezed,
• 14:44
  they
• 14:44
  plant
• 14:44
  less,
• 14:45
  they
• 14:46
  fertilize
• 14:46
  less,
• 14:47
  they
• 14:48
  produce
• 14:48
  less,
• 14:49
  which
• 14:49
  means
• 14:50
  domestic
• 14:51
  food
• 14:51
  prices,
• 14:52
  even
• 14:52
  for
• 14:52
  the
• 14:53
  things
• 14:53
  we
• 14:53
  produce
• 14:53
  ourselves,
• 14:54
  even
• 14:54
  for
• 14:55
  the
• 14:55
  things
• 14:56
  that
• 14:56
  aren't
• 14:56
  coming
• 14:56
  here
• 14:57
  on
• 14:57
  ships,
• 14:58
  it's
• 14:59
  all
• 14:59
  going
• 14:59
  to
• 15:00
  probably
• 15:00
  go
• 15:01
  up
• 15:01
  in
• 15:01
  price.
• 15:02
  And
• 15:02
  I
• 15:02
  follow
• 15:03
  a
• 15:03
  lot
• 15:03
  of
• 15:03
  experts
• 15:03
  on
• 15:04
  this.
• 15:04
  And
• 15:04
  there
• 15:04
  are
• 15:04
  quiet
• 15:05
  alarm
• 15:06
  bells
• 15:06
  going
• 15:06
  off
• 15:07
  in
• 15:07
  these
• 15:07
  expert
• 15:08
  circles
• 15:08
  about
• 15:09
  food
• 15:09
  prices
• 15:10
  increasing
• 15:11
  and
• 15:11
  what
• 15:11
  the
• 15:12
  next
• 15:12
  few
• 15:12
  months
• 15:13
  might
• 15:13
  look
• 15:14
  like
• 15:14
  and
• 15:15
  possibly
• 15:16
  even
• 15:16
  food
• 15:17
  shortages
• 15:18
  in
• 15:18
  some
• 15:19
  areas.
• 15:19
  But
• 15:20
  hopefully
• 15:21
  not.
• 15:21
  Look,
• 15:21
  we,
• 15:21
  we
• 15:22
  don't
• 15:22
  want
• 15:23
  that
• 15:23
  to
• 15:24
  come
• 15:24
  to
• 15:24
  pass.
• 15:25
  It's
• 15:25
  not
• 15:25
  necessarily
• 15:26
  going
• 15:26
  to
• 15:26
  come
• 15:26
  to
• 15:27
  pass.
• 15:27
  It
• 15:28
  is
• 15:28
  just
• 15:28
  something
• 15:28
  that
• 15:29
  is
• 15:29
  being
• 15:29
  flagged
• 15:30
  as
• 15:32
  a
• 15:32
  realistic
• 15:33
  possibility.
• 15:34
  There's
• 15:34
  no
• 15:35
  clean
• 15:35
  win
• 15:36
  on
• 15:36
  this
• 15:36
  one.
• 15:36
  There's
• 15:37
  no
• 15:37
  clean
• 15:37
  win
• 15:38
  on
• 15:38
  a
• 15:38
  lot
• 15:38
  of
• 15:39
  this
• 15:39
  really.
• 15:39
  We
• 15:40
  grow
• 15:40
  food
• 15:41
  that
• 15:41
  a
• 15:41
  lot
• 15:41
  of
• 15:41
  the
• 15:41
  world
• 15:42
  needs.
• 15:42
  We
• 15:43
  also
• 15:43
  need
• 15:43
  it.
• 15:44
  It's
• 15:44
  going
• 15:44
  to
• 15:44
  be
• 15:44
  increasingly
• 15:45
  expensive
• 15:45
  and
• 15:46
  complicated
• 15:47
  and
• 15:48
  that
• 15:48
  just
• 15:48
  eventually
• 15:49
  comes
• 15:49
  back
• 15:50
  around
• 15:50
  to
• 15:50
  what
• 15:51
  you
• 15:51
  pay
• 15:51
  at
• 15:52
  checkout.
• 15:53
  So
• 15:54
  what
• 15:54
  do
• 15:54
  you
• 15:54
  actually
• 15:55
  do
• 15:56
  with
• 15:56
  all
• 15:56
  of
• 15:56
  this
• 15:57
  information?
• 15:59
  You
• 15:59
  build
• 15:59
  a
• 15:59
  plan
• 16:00
  for
• 16:00
  the
• 16:00
  next
• 16:01
  12
• 16:01
  to
• 16:01
  18
• 16:01
  months.
• 16:02
  And
• 16:02
  it's
• 16:03
  not
• 16:03
  forever.
• 16:04
  It's
• 16:05
  just
• 16:05
  enough
• 16:05
  to
• 16:05
  take
• 16:06
  the
• 16:06
  pressure
• 16:06
  off,
• 16:07
  take
• 16:07
  the
• 16:07
  edge
• 16:08
  off
• 16:08
  when
• 16:08
  the
• 16:08
  world
• 16:09
  is
• 16:09
  a
• 16:10
  little
• 16:10
  bit
• 16:10
  mad.
• 16:11
  So
• 16:12
  there
• 16:12
  are
• 16:12
  options
• 16:12
  here.
• 16:13
  We
• 16:13
  don't
• 16:13
  need
• 16:14
  to
• 16:14
  get
• 16:14
  stuck
• 16:14
  in
• 16:14
  this
• 16:15
  doom
• 16:15
  spiral.
• 16:16
  We
• 16:16
  just
• 16:16
  have
• 16:17
  to
• 16:18
  use
• 16:18
  the
• 16:18
  information
• 16:18
  that
• 16:18
  we
• 16:18
  have.
• 16:19
  Once
• 16:19
  again,
• 16:20
  start
• 16:20
  by
• 16:20
  using
• 16:21
  your
• 16:21
  consumer
• 16:22
  power
• 16:22
  first,
• 16:23
  that
• 16:23
  is
• 16:24
  using
• 16:24
  your
• 16:25
  wallet
• 16:25
  to.
• 16:26
  So
• 16:26
  then
• 16:27
  you
• 16:27
  will
• 16:27
  not
• 16:27
  only
• 16:27
  be
• 16:28
  putting
• 16:28
  pressure
• 16:29
  on
• 16:30
  the
• 16:30
  short
• 16:30
  term,
• 16:31
  also
• 16:31
  the
• 16:31
  long
• 16:31
  term
• 16:32
  saves
• 16:33
  you
• 16:33
  a
• 16:33
  little
• 16:33
  bit
• 16:33
  of
• 16:33
  money
• 16:34
  as
• 16:34
  well.
• 16:35
  So
• 16:36
  use
• 16:36
  price
• 16:37
  comparison
• 16:37
  sites.
• 16:38
  The
• 16:38
  best
• 16:39
  ones
• 16:39
  that
• 16:39
  I've
• 16:39
  come
• 16:39
  across
• 16:40
  are
• 16:40
  grosser.com
• 16:42
  or
• 16:42
  price
• 16:43
  pulse
• 16:43
  to
• 16:44
  price
• 16:44
  compare
• 16:45
  between
• 16:45
  supermarkets
• 16:46
  every
• 16:47
  time
• 16:47
  you
• 16:47
  shop.
• 16:48
  These
• 16:49
  websites,
• 16:49
  these
• 16:50
  apps
• 16:50
  make
• 16:50
  it
• 16:51
  really
• 16:51
  easy
• 16:52
  and
• 16:52
  quick
• 16:52
  to
• 16:52
  do
• 16:52
  it.
• 16:53
  Someone
• 16:54
  told
• 16:54
  me
• 16:54
  recently
• 16:54
  they
• 16:55
  saved
• 16:55
  $80
• 16:56
  on
• 16:57
  a
• 16:57
  single
• 16:57
  shop
• 16:58
  just
• 16:58
  by
• 16:59
  doing
• 16:59
  this.
• 17:00
  So
• 17:00
  $80.
• 17:01
  I
• 17:01
  would
• 17:01
  absolutely
• 17:02
  take
• 17:02
  that.
• 17:03
  You
• 17:03
  can
• 17:03
  also
• 17:03
  buy
• 17:04
  direct
• 17:04
  from
• 17:04
  farmers.
• 17:05
  There's
• 17:05
  sites
• 17:05
  like
• 17:06
  OuttheFarmGate
• 17:07
  Co
• 17:07
  NZ.
• 17:08
  There's
• 17:08
  also
• 17:09
  food
• 17:09
  co
• 17:09
  ops.
• 17:10
  This
• 17:10
  is
• 17:10
  a
• 17:11
  really
• 17:11
  smart
• 17:11
  idea.
• 17:12
  This
• 17:12
  is
• 17:12
  when
• 17:12
  people
• 17:13
  team
• 17:13
  up
• 17:13
  together
• 17:14
  to
• 17:14
  bulk
• 17:15
  buy
• 17:15
  direct
• 17:16
  from
• 17:16
  wholesalers
• 17:17
  and
• 17:18
  then
• 17:18
  they
• 17:18
  split
• 17:18
  the
• 17:19
  order
• 17:20
  between
• 17:20
  members.
• 17:21
  Really
• 17:22
  smart.
• 17:23
  You
• 17:23
  can
• 17:23
  find
• 17:24
  these
• 17:24
  co
• 17:24
  ops
• 17:24
  all
• 17:24
  over
• 17:25
  the
• 17:25
  country.
• 17:25
  I
• 17:25
  found
• 17:26
  a
• 17:26
  bunch
• 17:26
  of
• 17:27
  them
• 17:27
  listed
• 17:27
  on
• 17:28
  Organic
• 17:28
  nz.
• 17:29
  But
• 17:30
  honestly
• 17:30
  I
• 17:30
  think
• 17:30
  if
• 17:30
  you
• 17:31
  just
• 17:31
  Google
• 17:32
  food
• 17:32
  co
• 17:33
  op
• 17:33
  and
• 17:33
  then
• 17:34
  the
• 17:34
  city
• 17:34
  that
• 17:34
  you're
• 17:35
  in,
• 17:36
  a
• 17:36
  bunch
• 17:36
  of
• 17:36
  options
• 17:37
  should
• 17:37
  pop
• 17:38
  up.
• 17:38
  And
• 17:38
  it's
• 17:39
  power
• 17:39
  of
• 17:39
  the
• 17:39
  people,
• 17:39
  my
• 17:40
  friend.
• 17:40
  We
• 17:40
  gotta
• 17:40
  use
• 17:40
  it
• 17:41
  at
• 17:41
  times
• 17:41
  like
• 17:41
  this.
• 17:41
  We've
• 17:41
  gotta
• 17:42
  team
• 17:42
  up
• 17:42
  together.
• 17:42
  Mints,
• 17:43
  wildly
• 17:44
  expensive.
• 17:46
  So
• 17:46
  if
• 17:46
  you
• 17:46
  are
• 17:47
  someone
• 17:47
  like
• 17:48
  myself
• 17:48
  who
• 17:48
  tries
• 17:49
  to
• 17:49
  keep
• 17:49
  your
• 17:49
  protein
• 17:50
  levels
• 17:50
  high
• 17:50
  enough,
• 17:51
  maybe
• 17:51
  get
• 17:52
  used
• 17:52
  to
• 17:52
  a
• 17:52
  few
• 17:52
  protein
• 17:52
  swaps
• 17:53
  because
• 17:54
  protein
• 17:55
  is
• 17:55
  really
• 17:56
  being
• 17:56
  hit
• 17:56
  by
• 17:56
  this.
• 17:57
  Things
• 17:57
  like
• 17:57
  mints
• 17:58
  might
• 17:58
  get
• 17:58
  swapped
• 17:58
  out
• 17:58
  for
• 17:59
  things
• 17:59
  like
• 17:59
  chicken
• 17:59
  and
• 18:00
  pork.
• 18:00
  Buy
• 18:00
  seasonal
• 18:01
  produce
• 18:01
  too.
• 18:02
  It's
• 18:02
  traveled
• 18:03
  less,
• 18:03
  so
• 18:03
  it's
• 18:03
  more
• 18:04
  abundant,
• 18:04
  it's
• 18:04
  cheaper.
• 18:05
  Right
• 18:05
  now
• 18:05
  in
• 18:06
  autumn,
• 18:06
  that's
• 18:07
  things
• 18:07
  like
• 18:07
  your
• 18:07
  brassicas,
• 18:08
  broccoli,
• 18:08
  cauliflower,
• 18:09
  cabbage
• 18:10
  or
• 18:10
  root
• 18:11
  vegetables
• 18:12
  like
• 18:12
  kumara
• 18:13
  pumpkin.
• 18:14
  This
• 18:14
  is
• 18:14
  a
• 18:15
  great
• 18:15
  tip
• 18:16
  actually
• 18:16
  that
• 18:16
  I
• 18:16
  got
• 18:17
  from
• 18:17
  Michael
• 18:17
  Garvey
• 18:18
  on
• 18:18
  the
• 18:18
  recent
• 18:20
  Episode
• 18:21
  where
• 18:21
  we
• 18:22
  were
• 18:22
  talking
• 18:22
  about
• 18:22
  the
• 18:23
  cost
• 18:23
  of
• 18:23
  food,
• 18:23
  right?
• 18:24
  Where
• 18:24
  she
• 18:25
  said,
• 18:25
  you
• 18:25
  can
• 18:25
  swap
• 18:26
  things
• 18:26
  within
• 18:26
  the
• 18:26
  same
• 18:27
  category.
• 18:28
  So
• 18:28
  you
• 18:29
  can
• 18:29
  swap
• 18:29
  food.
• 18:30
  One
• 18:30
  leafy
• 18:31
  thing
• 18:31
  for
• 18:31
  a
• 18:31
  different
• 18:32
  leafy
• 18:32
  thing
• 18:32
  that's
• 18:32
  in
• 18:33
  season,
• 18:33
  or
• 18:34
  one
• 18:34
  root
• 18:34
  vegetable
• 18:35
  for
• 18:35
  a
• 18:35
  different
• 18:35
  root
• 18:35
  vegetable
• 18:36
  in
• 18:36
  season.
• 18:36
  If
• 18:36
  you're
• 18:37
  struggling
• 18:37
  to
• 18:37
  make
• 18:37
  swaps
• 18:38
  that
• 18:38
  you
• 18:38
  can
• 18:38
  find
• 18:39
  cheaper,
• 18:40
  that's
• 18:40
  a
• 18:40
  good
• 18:40
  way
• 18:41
  to
• 18:41
  do
• 18:41
  it.
• 18:41
  Think
• 18:41
  about
• 18:41
  the
• 18:42
  food
• 18:42
  category
• 18:43
  that
• 18:43
  it's
• 18:43
  in.
• 18:43
  I
• 18:44
  thought
• 18:44
  that
• 18:44
  was
• 18:44
  really
• 18:44
  smart.
• 18:45
  I
• 18:45
  think
• 18:45
  the
• 18:45
  really
• 18:46
  important
• 18:46
  thing
• 18:46
  is
• 18:46
  we're
• 18:47
  all
• 18:47
  going
• 18:47
  to
• 18:47
  have
• 18:47
  to
• 18:47
  get
• 18:47
  ourselves
• 18:48
  off
• 18:48
  autopilot
• 18:49
  buying
• 18:49
  things
• 18:50
  and
• 18:50
  be
• 18:51
  a
• 18:52
  little
• 18:52
  bit
• 18:52
  smarter
• 18:53
  about
• 18:53
  how
• 18:54
  we
• 18:54
  do
• 18:54
  this
• 18:54
  and
• 18:54
  how
• 18:54
  we
• 18:55
  price
• 18:55
  compare
• 18:55
  and
• 18:55
  about
• 18:56
  how
• 18:56
  we
• 18:56
  look
• 18:57
  around.
• 18:57
  And
• 18:57
  if
• 18:57
  you
• 18:58
  have
• 18:58
  any
• 18:58
  outdoor
• 18:59
  space
• 18:59
  at
• 18:59
  all,
• 19:00
  now
• 19:00
  is
• 19:01
  actually
• 19:01
  a
• 19:01
  good
• 19:02
  time
• 19:02
  to
• 19:02
  be
• 19:02
  smart
• 19:03
  about
• 19:03
  growing
• 19:03
  some
• 19:04
  of
• 19:04
  your
• 19:04
  own
• 19:04
  food.
• 19:04
  And
• 19:05
  I
• 19:05
  know
• 19:05
  that
• 19:06
  sounds
• 19:07
  very
• 19:07
  1970s.
• 19:08
  I
• 19:09
  know
• 19:09
  there
• 19:09
  has
• 19:10
  been
• 19:10
  a
• 19:10
  trend
• 19:11
  recently
• 19:11
  to
• 19:12
  say,
• 19:12
  stop
• 19:12
  telling
• 19:12
  us
• 19:13
  to
• 19:13
  grow
• 19:13
  our
• 19:13
  own
• 19:13
  food,
• 19:14
  and
• 19:14
  it
• 19:14
  doesn't
• 19:14
  actually
• 19:14
  work.
• 19:15
  And
• 19:15
  it's
• 19:15
  not
• 19:15
  actually
• 19:16
  all
• 19:16
  that
• 19:16
  cheap.
• 19:17
  I
• 19:17
  know.
• 19:18
  I
• 19:19
  get
• 19:19
  it.
• 19:19
  I
• 19:20
  get
• 19:20
  that
• 19:20
  it's
• 19:20
  annoying.
• 19:22
  The
• 19:22
  numbers
• 19:22
  stack
• 19:23
  up
• 19:23
  more
• 19:23
  now
• 19:24
  than
• 19:24
  they
• 19:25
  ever
• 19:25
  have
• 19:25
  before,
• 19:26
  and
• 19:27
  we've
• 19:27
  got
• 19:27
  to
• 19:27
  do
• 19:28
  the
• 19:28
  things
• 19:28
  that
• 19:28
  we
• 19:28
  can.
• 19:29
  It's
• 19:29
  just
• 19:30
  being
• 19:31
  smart
• 19:31
  and
• 19:31
  strategic
• 19:32
  about
• 19:32
  the
• 19:32
  ways
• 19:33
  that
• 19:33
  you
• 19:33
  might
• 19:33
  grow
• 19:34
  some
• 19:34
  of
• 19:34
  your
• 19:34
  food
• 19:34
  to
• 19:35
  supplement
• 19:35
  the
• 19:35
  food
• 19:35
  bill.
• 19:36
  So
• 19:36
  the
• 19:36
  Konga
• 19:37
  Institute
• 19:37
  estimates
• 19:38
  a
• 19:38
  garden
• 19:38
  patch
• 19:39
  roughly
• 19:39
  the
• 19:39
  size
• 19:40
  of
• 19:40
  a
• 19:40
  parking
• 19:40
  space
• 19:41
  can
• 19:42
  produce
• 19:42
  more
• 19:42
  than
• 19:42
  $2,000
• 19:44
  worth
• 19:44
  of
• 19:44
  vegetables
• 19:45
  a
• 19:45
  year.
• 19:46
  And
• 19:46
  I
• 19:46
  also
• 19:46
  saw
• 19:46
  an
• 19:47
  article
• 19:47
  on
• 19:47
  staff
• 19:48
  the
• 19:48
  other
• 19:48
  day
• 19:48
  where
• 19:48
  they
• 19:49
  had
• 19:49
  a
• 19:49
  New
• 19:49
  Zealander
• 19:50
  who
• 19:50
  had
• 19:50
  saved
• 19:50
  $13,000
• 19:52
  over
• 19:52
  five
• 19:53
  years
• 19:53
  on
• 19:54
  just
• 19:54
  a
• 19:55
  little
• 19:55
  standard
• 19:56
  suburban
• 19:56
  section
• 19:57
  and
• 19:57
  only
• 19:58
  spending
• 19:59
  $150
• 20:00
  a
• 20:00
  year
• 20:00
  to
• 20:00
  run
• 20:00
  it.
• 20:01
  So
• 20:01
  that's
• 20:02
  at
• 20:02
  least
• 20:02
  $2,000
• 20:04
  that
• 20:04
  they
• 20:04
  found
• 20:05
  there
• 20:05
  each
• 20:05
  year.
• 20:06
  And
• 20:06
  if
• 20:06
  you're
• 20:07
  in
• 20:07
  an
• 20:07
  apartment,
• 20:08
  you're
• 20:08
  not
• 20:08
  out
• 20:08
  of
• 20:08
  options.
• 20:09
  You
• 20:09
  just
• 20:09
  want
• 20:10
  to
• 20:10
  be
• 20:10
  smarter
• 20:10
  about
• 20:10
  it.
• 20:11
  The
• 20:11
  highest
• 20:11
  return
• 20:12
  is
• 20:12
  often
• 20:13
  on
• 20:13
  things
• 20:13
  like
• 20:13
  herbs.
• 20:15
  Always
• 20:15
  the
• 20:15
  herbs.
• 20:16
  Damn,
• 20:16
  those
• 20:16
  things
• 20:17
  are
• 20:17
  expensive.
• 20:17
  Coriander
• 20:18
  and
• 20:18
  basil
• 20:19
  cost
• 20:19
  like
• 20:19
  three
• 20:20
  bucks
• 20:20
  for
• 20:21
  a
• 20:21
  little
• 20:21
  seed
• 20:21
  packet,
• 20:22
  and
• 20:23
  you'll
• 20:23
  never
• 20:24
  have
• 20:24
  to
• 20:24
  buy
• 20:25
  them
• 20:25
  again.
• 20:25
  Leafy
• 20:26
  greens,
• 20:27
  tomatoes,
• 20:28
  courgettes.
• 20:29
  These
• 20:29
  are
• 20:29
  the
• 20:30
  things
• 20:30
  that
• 20:30
  can
• 20:30
  be
• 20:30
  a
• 20:31
  really
• 20:31
  high
• 20:31
  return.
• 20:32
  Very
• 20:33
  easy
• 20:33
  to
• 20:33
  grow,
• 20:34
  and
• 20:34
  don't
• 20:35
  take
• 20:35
  as
• 20:35
  much
• 20:35
  space.
• 20:36
  So
• 20:36
  you're
• 20:37
  looking
• 20:37
  for
• 20:37
  things
• 20:37
  that
• 20:38
  cost
• 20:38
  a
• 20:38
  lot,
• 20:40
  take
• 20:40
  up
• 20:40
  less
• 20:40
  space,
• 20:42
  and
• 20:42
  then
• 20:42
  you
• 20:42
  can
• 20:42
  save
• 20:43
  money.
• 20:43
  It
• 20:43
  doesn't
• 20:44
  have
• 20:44
  to
• 20:44
  be
• 20:44
  growing
• 20:44
  everything.
• 20:45
  It's
• 20:45
  taking
• 20:46
  out
• 20:46
  the
• 20:46
  expensive
• 20:47
  bits.
• 20:48
  And
• 20:48
  just
• 20:48
  a
• 20:48
  wee
• 20:49
  rule
• 20:49
  of
• 20:49
  thumb
• 20:49
  here,
• 20:50
  but
• 20:50
  what's
• 20:50
  often
• 20:51
  not
• 20:51
  worth
• 20:52
  growing
• 20:52
  is
• 20:53
  things
• 20:53
  like
• 20:54
  onions,
• 20:54
  sweet
• 20:55
  corn,
• 20:55
  mushrooms.
• 20:56
  Just
• 20:57
  buy
• 20:57
  Those,
• 20:58
  they're
• 20:59
  pretty
• 20:59
  cheap.
• 21:00
  The
• 21:00
  maths
• 21:00
  doesn't
• 21:01
  work
• 21:01
  out.
• 21:02
  And
• 21:02
  honestly,
• 21:02
  if
• 21:02
  you
• 21:03
  feel
• 21:03
  a
• 21:03
  bit
• 21:03
  overwhelmed
• 21:04
  with
• 21:04
  the
• 21:04
  gardening
• 21:04
  thing,
• 21:04
  I
• 21:05
  get
• 21:05
  you.
• 21:05
  It's
• 21:05
  actually,
• 21:05
  it's
• 21:05
  easier
• 21:06
  than
• 21:06
  you'd
• 21:06
  think,
• 21:06
  especially
• 21:07
  if
• 21:07
  you
• 21:07
  start
• 21:07
  with
• 21:07
  the
• 21:07
  herbs.
• 21:08
  But
• 21:08
  you
• 21:08
  can
• 21:09
  do
• 21:09
  things
• 21:09
  like
• 21:09
  follow
• 21:10
  a
• 21:10
  couple
• 21:10
  of
• 21:10
  gardening
• 21:10
  Instagrams
• 21:11
  online,
• 21:12
  or
• 21:13
  you
• 21:13
  can
• 21:13
  even
• 21:14
  look
• 21:14
  into
• 21:14
  joining
• 21:15
  a
• 21:15
  community
• 21:16
  garden,
• 21:17
  maybe
• 21:17
  if
• 21:17
  there's
• 21:18
  one
• 21:18
  in
• 21:18
  your
• 21:19
  area.
• 21:19
  You
• 21:20
  can
• 21:20
  also
• 21:20
  look
• 21:21
  up
• 21:21
  where
• 21:22
  the
• 21:22
  nearest
• 21:22
  community
• 21:23
  gardens
• 21:23
  are.
• 21:23
  They're
• 21:24
  usually
• 21:24
  listed
• 21:25
  on
• 21:25
  your
• 21:25
  council
• 21:26
  website.
• 21:27
  And
• 21:27
  then
• 21:28
  you
• 21:28
  can
• 21:28
  meet
• 21:28
  people
• 21:29
  and
• 21:29
  they'll
• 21:29
  show
• 21:30
  you
• 21:30
  how
• 21:30
  to
• 21:30
  garden.
• 21:31
  Have
• 21:31
  you
• 21:31
  ever
• 21:32
  let
• 21:32
  an
• 21:32
  older
• 21:33
  person
• 21:33
  teach
• 21:33
  you
• 21:33
  something?
• 21:34
  They're
• 21:34
  stoked.
• 21:35
  They're
• 21:35
  so
• 21:35
  nice
• 21:36
  about
• 21:36
  it.
• 21:36
  They're
• 21:37
  stoked
• 21:37
  to
• 21:38
  for
• 21:38
  once
• 21:38
  be
• 21:38
  able
• 21:39
  to
• 21:39
  show
• 21:39
  people
• 21:39
  the
• 21:40
  skills
• 21:40
  they've
• 21:40
  got.
• 21:40
  So
• 21:41
  maybe
• 21:41
  you'll
• 21:41
  make
• 21:41
  some
• 21:41
  friends
• 21:42
  at
• 21:42
  the
• 21:42
  same
• 21:43
  time
• 21:43
  as
• 21:43
  saving
• 21:43
  on
• 21:43
  your
• 21:44
  food
• 21:44
  bill.
• 21:44
  It's
• 21:44
  brilliant.
• 21:45
  Now,
• 21:45
  look,
• 21:45
  the
• 21:45
  next
• 21:46
  thing
• 21:46
  I
• 21:46
  want
• 21:46
  to
• 21:47
  say,
• 21:47
  I
• 21:48
  almost
• 21:48
  hesitated
• 21:49
  to
• 21:49
  put
• 21:49
  it
• 21:49
  in
• 21:50
  here
• 21:50
  because
• 21:50
  it
• 21:51
  sounds
• 21:51
  a
• 21:52
  little
• 21:52
  bit
• 21:52
  like
• 21:52
  scaremongering,
• 21:54
  but
• 21:54
  it's
• 21:55
  not.
• 21:55
  I'm
• 21:56
  just
• 21:56
  trying
• 21:57
  to
• 21:57
  help
• 21:57
  you
• 21:57
  be
• 21:58
  prepared
• 21:59
  and
• 21:59
  stop
• 22:00
  people
• 22:00
  from
• 22:01
  panicking.
• 22:01
  Because
• 22:03
  in
• 22:03
  our
• 22:03
  house,
• 22:04
  we
• 22:05
  are
• 22:05
  stocking
• 22:05
  up
• 22:06
  on
• 22:06
  essentials
• 22:07
  and
• 22:07
  I
• 22:07
  think
• 22:08
  that
• 22:08
  you
• 22:08
  should
• 22:08
  too.
• 22:10
  Canned
• 22:10
  things,
• 22:12
  dry
• 22:12
  food
• 22:12
  like
• 22:13
  pasta.
• 22:15
  We
• 22:15
  are
• 22:15
  adding
• 22:16
  extra
• 22:17
  things
• 22:18
  every
• 22:18
  time
• 22:19
  we're
• 22:19
  at
• 22:19
  the
• 22:19
  supermarket
• 22:21
  and
• 22:21
  just
• 22:22
  stashing
• 22:22
  them
• 22:23
  in
• 22:23
  the
• 22:23
  pantry.
• 22:23
  And
• 22:24
  I've
• 22:24
  been
• 22:24
  telling
• 22:24
  my
• 22:25
  friends
• 22:25
  and
• 22:25
  family
• 22:25
  to
• 22:25
  do
• 22:26
  this
• 22:26
  too,
• 22:27
  and
• 22:28
  I
• 22:28
  had
• 22:28
  a
• 22:28
  friend
• 22:29
  text
• 22:30
  me
• 22:30
  the
• 22:30
  other
• 22:30
  day
• 22:31
  a
• 22:31
  picture
• 22:31
  of
• 22:32
  her
• 22:32
  apocalypse
• 22:33
  corner
• 22:33
  in
• 22:33
  the
• 22:33
  pantry,
• 22:34
  thanks
• 22:35
  to
• 22:35
  me.
• 22:38
  Yeah,
• 22:38
  let's.
• 22:38
  Let's
• 22:39
  all
• 22:39
  build
• 22:39
  up
• 22:39
  our
• 22:39
  apocalypse
• 22:40
  corner.
• 22:40
  This
• 22:41
  is
• 22:41
  not
• 22:42
  panic
• 22:42
  buying.
• 22:44
  This
• 22:44
  is
• 22:44
  actually
• 22:45
  to
• 22:45
  try
• 22:46
  to
• 22:46
  stop
• 22:47
  panic
• 22:48
  buying.
• 22:49
  Panic
• 22:50
  buying
• 22:50
  is
• 22:51
  when
• 22:51
  everyone
• 22:51
  rushes
• 22:52
  out
• 22:52
  at
• 22:52
  once
• 22:53
  and
• 22:54
  buys
• 22:54
  everything
• 22:55
  all
• 22:55
  at
• 22:55
  the
• 22:55
  same
• 22:56
  time,
• 22:56
  and
• 22:57
  it
• 22:57
  creates
• 22:58
  the
• 22:58
  very
• 22:58
  shortages
• 22:59
  that
• 23:00
  we
• 23:00
  are
• 23:00
  often
• 23:00
  afraid
• 23:01
  of.
• 23:01
  It's
• 23:02
  a
• 23:02
  big
• 23:02
  shock
• 23:03
  to
• 23:04
  our
• 23:04
  food
• 23:04
  and
• 23:05
  grocery
• 23:05
  system
• 23:07
  where
• 23:07
  everyone
• 23:08
  rushes
• 23:08
  out,
• 23:09
  buys
• 23:09
  maybe
• 23:09
  a
• 23:09
  whole
• 23:10
  bunch
• 23:10
  of
• 23:10
  stuff
• 23:10
  they
• 23:10
  don't
• 23:10
  even
• 23:11
  need
• 23:11
  anyway,
• 23:12
  but
• 23:12
  buys
• 23:12
  it
• 23:13
  all
• 23:13
  at
• 23:13
  once,
• 23:13
  strips
• 23:14
  the
• 23:14
  shelves
• 23:14
  and
• 23:14
  often
• 23:15
  stops
• 23:15
  people
• 23:15
  from
• 23:16
  getting
• 23:16
  the
• 23:16
  things
• 23:16
  that
• 23:16
  they
• 23:17
  do
• 23:17
  need.
• 23:18
  Panic
• 23:19
  buying
• 23:19
  is
• 23:19
  this
• 23:19
  short,
• 23:20
  sharp
• 23:20
  shock
• 23:21
  to
• 23:21
  the
• 23:21
  system
• 23:21
  that
• 23:22
  I
• 23:22
  really
• 23:22
  think
• 23:23
  we
• 23:23
  want
• 23:23
  to
• 23:23
  try
• 23:23
  to
• 23:23
  avoid.
• 23:25
  It
• 23:25
  doesn't
• 23:26
  save
• 23:27
  you
• 23:27
  stress
• 23:28
  or
• 23:28
  money
• 23:29
  or
• 23:29
  any
• 23:29
  of
• 23:29
  the
• 23:29
  things
• 23:30
  here
• 23:30
  because
• 23:30
  you're
• 23:31
  often
• 23:31
  getting
• 23:31
  things
• 23:31
  you
• 23:31
  don't
• 23:31
  even
• 23:32
  use.
• 23:32
  We
• 23:32
  do
• 23:32
  not
• 23:32
  want
• 23:33
  one
• 23:34
  of
• 23:34
  those
• 23:35
  sudden
• 23:35
  shocks
• 23:36
  to
• 23:36
  our
• 23:37
  system.
• 23:38
  Our
• 23:38
  food
• 23:38
  system
• 23:39
  can't
• 23:39
  cope
• 23:39
  with
• 23:39
  it.
• 23:40
  But
• 23:41
  I
• 23:42
  do
• 23:42
  think
• 23:43
  that
• 23:43
  now
• 23:44
  is
• 23:44
  a
• 23:44
  really
• 23:44
  good
• 23:44
  case
• 23:45
  for
• 23:45
  some
• 23:46
  strategic
• 23:47
  pantry
• 23:48
  building.
• 23:49
  Calm,
• 23:50
  deliberate
• 23:51
  and
• 23:51
  spread
• 23:52
  over
• 23:52
  A
• 23:53
  few
• 23:53
  weeks,
• 23:54
  a
• 23:55
  buffer
• 23:56
  of
• 23:56
  things
• 23:57
  that
• 23:57
  you
• 23:57
  actually
• 23:58
  eat
• 23:59
  can
• 23:59
  stock
• 24:00
  up
• 24:00
  on
• 24:01
  and
• 24:01
  then
• 24:02
  rotate
• 24:03
  through.
• 24:04
  Now
• 24:04
  is
• 24:04
  actually
• 24:05
  a
• 24:05
  really
• 24:05
  good
• 24:05
  time
• 24:06
  to
• 24:06
  be
• 24:06
  doing
• 24:06
  that.
• 24:06
  Rice,
• 24:07
  pasta,
• 24:09
  cans
• 24:09
  of
• 24:09
  chickpeas,
• 24:10
  canned
• 24:10
  tomatoes,
• 24:11
  canned
• 24:11
  fish,
• 24:12
  frozen
• 24:13
  vegetables.
• 24:14
  The
• 24:14
  money
• 24:15
  case
• 24:16
  for
• 24:16
  doing
• 24:16
  this
• 24:17
  now
• 24:17
  is
• 24:18
  simple.
• 24:19
  Food
• 24:19
  prices
• 24:20
  very
• 24:21
  likely
• 24:21
  to
• 24:21
  keep
• 24:21
  going
• 24:22
  up,
• 24:23
  especially
• 24:23
  through
• 24:24
  the
• 24:24
  second
• 24:24
  half
• 24:25
  of
• 24:25
  this
• 24:25
  year,
• 24:25
  back
• 24:26
  half
• 24:26
  of
• 24:26
  2026.
• 24:27
  Buying
• 24:27
  Staples
• 24:28
  now
• 24:28
  at
• 24:29
  current
• 24:29
  prices
• 24:30
  before
• 24:30
  the
• 24:31
  next
• 24:31
  wave
• 24:31
  hits
• 24:32
  is
• 24:33
  probably
• 24:34
  going
• 24:34
  to
• 24:34
  help
• 24:34
  your
• 24:35
  future
• 24:35
  grocery
• 24:36
  spending.
• 24:37
  I
• 24:37
  am
• 24:37
  also
• 24:38
  still
• 24:38
  concerned
• 24:40
  about
• 24:40
  the
• 24:40
  possible
• 24:40
  impacts
• 24:41
  on
• 24:42
  shipping
• 24:43
  and
• 24:44
  possibly
• 24:44
  shortages
• 24:46
  if
• 24:46
  things
• 24:47
  continue
• 24:48
  getting
• 24:48
  worse
• 24:48
  again.
• 24:49
  And
• 24:49
  that
• 24:49
  is
• 24:49
  just
• 24:49
  a
• 24:50
  back
• 24:50
  of
• 24:51
  the
• 24:51
  mind
• 24:51
  concern.
• 24:52
  I'm
• 24:52
  very
• 24:52
  much
• 24:52
  a
• 24:53
  hope
• 24:54
  for
• 24:54
  the
• 24:54
  best,
• 24:54
  but
• 24:54
  plan
• 24:55
  for
• 24:55
  the
• 24:55
  worst
• 24:55
  type
• 24:56
  of
• 24:56
  girl.
• 24:56
  I'm
• 24:56
  not
• 24:57
  trying
• 24:57
  to
• 24:57
  freak
• 24:57
  everyone
• 24:57
  out,
• 24:58
  but
• 24:59
  I
• 24:59
  just
• 24:59
  think
• 25:00
  I've
• 25:01
  been
• 25:01
  reading
• 25:01
  a
• 25:02
  lot
• 25:02
  of
• 25:03
  analysis
• 25:03
  and
• 25:04
  I
• 25:04
  do
• 25:04
  think
• 25:05
  shortages
• 25:06
  are
• 25:07
  a
• 25:07
  possibility,
• 25:08
  not
• 25:09
  a
• 25:09
  certainty,
• 25:10
  but
• 25:10
  just
• 25:11
  a
• 25:11
  possibility
• 25:12
  that
• 25:13
  I
• 25:13
  don't
• 25:13
  want
• 25:13
  to
• 25:13
  leave
• 25:13
  myself
• 25:14
  open
• 25:14
  to.
• 25:14
  Bottom
• 25:15
  line
• 25:15
  with
• 25:15
  food,
• 25:16
  I
• 25:16
  think
• 25:16
  you
• 25:16
  just
• 25:16
  need
• 25:16
  a
• 25:17
  plan
• 25:17
  and
• 25:17
  a
• 25:17
  strategy
• 25:18
  because
• 25:18
  the
• 25:18
  next
• 25:18
  12
• 25:19
  to
• 25:19
  18
• 25:19
  months
• 25:20
  could
• 25:20
  be
• 25:21
  rough
• 25:21
  on
• 25:22
  food
• 25:22
  prices
• 25:22
  and
• 25:23
  certainly
• 25:23
  very
• 25:23
  unpredictable.
• 25:24
  And
• 25:25
  you
• 25:25
  want
• 25:25
  to
• 25:25
  put
• 25:25
  the
• 25:25
  systems
• 25:26
  in
• 25:26
  now
• 25:26
  to
• 25:27
  reduce
• 25:27
  how
• 25:27
  exposed
• 25:28
  you
• 25:28
  are
• 25:28
  to
• 25:28
  that
• 25:29
  price
• 25:29
  cycle.
• 25:30
  Now
• 25:31
  not
• 25:31
  all
• 25:31
  of
• 25:31
  those
• 25:31
  suggestions
• 25:32
  will
• 25:32
  work
• 25:32
  for
• 25:32
  everyone,
• 25:33
  but
• 25:33
  if
• 25:33
  even
• 25:34
  one
• 25:34
  of
• 25:34
  them
• 25:34
  does
• 25:34
  work,
• 25:35
  we
• 25:35
  can't
• 25:36
  stop
• 25:36
  eating.
• 25:36
  So
• 25:37
  anything
• 25:37
  we
• 25:38
  can
• 25:38
  do
• 25:38
  to
• 25:38
  try
• 25:38
  to
• 25:39
  stop
• 25:39
  the
• 25:39
  food
• 25:39
  squeeze,
• 25:40
  major
• 25:40
  saving.
• 25:41
  Okay,
• 25:41
  onwards
• 25:42
  to
• 25:42
  the
• 25:42
  things
• 25:42
  that
• 25:43
  can
• 25:43
  make
• 25:43
  you
• 25:44
  money.
• 25:44
  And
• 25:44
  I'm
• 25:44
  starting
• 25:45
  with
• 25:45
  your
• 25:45
  job
• 25:46
  because
• 25:46
  it's
• 25:47
  an
• 25:47
  extremely
• 25:48
  tough
• 25:49
  job
• 25:49
  market
• 25:49
  out
• 25:50
  there.
• 25:50
  This
• 25:50
  current
• 25:50
  situation
• 25:52
  does
• 25:52
  not
• 25:52
  really
• 25:52
  help
• 25:53
  the
• 25:53
  Reserve
• 25:54
  Bank.
• 25:54
  When
• 25:54
  they
• 25:55
  put
• 25:55
  out
• 25:55
  the
• 25:55
  latest
• 25:56
  official
• 25:56
  cash
• 25:56
  rate.
• 25:57
  All
• 25:58
  the
• 25:58
  headlines
• 25:58
  like
• 25:59
  to
• 25:59
  focus
• 25:59
  on,
• 25:59
  okay,
• 26:00
  what's
• 26:00
  the
• 26:00
  new
• 26:00
  interest
• 26:00
  rate?
• 26:01
  And
• 26:02
  that's
• 26:02
  all
• 26:02
  fine.
• 26:02
  Okay?
• 26:03
  Yep,
• 26:03
  that's
• 26:03
  the
• 26:03
  big
• 26:04
  thing
• 26:04
  that's
• 26:04
  changed.
• 26:04
  But
• 26:05
  the
• 26:06
  new
• 26:06
  interest
• 26:07
  rate
• 26:08
  is
• 26:08
  not
• 26:08
  what
• 26:09
  my
• 26:09
  focus
• 26:10
  is
• 26:10
  when
• 26:11
  I'm
• 26:11
  looking
• 26:11
  at
• 26:11
  this.
• 26:12
  I
• 26:12
  look
• 26:12
  at
• 26:12
  the
• 26:13
  report
• 26:14
  that
• 26:14
  they
• 26:14
  put
• 26:14
  out
• 26:15
  alongside
• 26:15
  it
• 26:16
  because
• 26:17
  in
• 26:18
  that
• 26:19
  they
• 26:19
  lay
• 26:19
  out
• 26:20
  basically,
• 26:21
  you
• 26:21
  know,
• 26:21
  the
• 26:21
  top
• 26:22
  economic
• 26:22
  minds
• 26:23
  in
• 26:23
  this
• 26:23
  country
• 26:24
  get
• 26:25
  together
• 26:26
  and
• 26:26
  decide
• 26:27
  on
• 26:27
  what
• 26:27
  are
• 26:28
  the
• 26:28
  biggest
• 26:28
  risks
• 26:29
  and
• 26:29
  opportunities
• 26:30
  in
• 26:31
  the
• 26:31
  country
• 26:31
  right
• 26:31
  now.
• 26:31
  And
• 26:32
  then
• 26:32
  they
• 26:32
  just
• 26:32
  put
• 26:32
  it
• 26:32
  all
• 26:32
  out
• 26:33
  in
• 26:33
  a
• 26:33
  report
• 26:33
  for
• 26:33
  us
• 26:34
  alongside
• 26:35
  these
• 26:35
  interest
• 26:35
  rates.
• 26:36
  And
• 26:37
  buried
• 26:38
  in
• 26:38
  the
• 26:38
  latest
• 26:39
  one,
• 26:39
  there
• 26:40
  is
• 26:40
  a
• 26:40
  warning
• 26:41
  about
• 26:41
  your
• 26:41
  job.
• 26:42
  We
• 26:42
  already
• 26:42
  had
• 26:43
  our
• 26:43
  economy
• 26:43
  not
• 26:43
  doing
• 26:44
  great,
• 26:44
  unemployment
• 26:45
  up
• 26:45
  and
• 26:46
  the
• 26:46
  business
• 26:46
  environment
• 26:47
  not
• 26:47
  doing
• 26:47
  so
• 26:48
  great,
• 26:48
  people
• 26:48
  not
• 26:49
  spending
• 26:49
  much
• 26:49
  because
• 26:50
  they
• 26:50
  don't
• 26:50
  have
• 26:50
  as
• 26:50
  much
• 26:51
  money.
• 26:51
  And
• 26:52
  then
• 26:52
  this
• 26:53
  hit.
• 26:53
  The
• 26:53
  Reserve
• 26:54
  bank
• 26:54
  is
• 26:54
  now
• 26:54
  saying,
• 26:55
  hey,
• 26:55
  we
• 26:55
  watch
• 26:56
  out.
• 26:56
  Unemployment
• 26:57
  could
• 26:57
  go
• 26:58
  up
• 26:58
  more
• 26:59
  because
• 26:59
  businesses
• 27:00
  are
• 27:00
  facing
• 27:00
  the
• 27:01
  same
• 27:01
  things
• 27:01
  as
• 27:02
  the
• 27:02
  Rest
• 27:02
  of
• 27:02
  us
• 27:02
  are
• 27:03
  higher
• 27:03
  fuel
• 27:04
  costs,
• 27:04
  higher
• 27:05
  costs
• 27:05
  for
• 27:06
  other
• 27:06
  things
• 27:06
  because
• 27:07
  of
• 27:07
  that
• 27:08
  underlying
• 27:08
  fuel
• 27:09
  cost,
• 27:09
  pushing
• 27:09
  up
• 27:09
  the
• 27:09
  price
• 27:10
  of
• 27:10
  everything.
• 27:11
  And
• 27:11
  their
• 27:12
  customers
• 27:12
  don't
• 27:12
  have
• 27:12
  much
• 27:13
  money
• 27:13
  right
• 27:13
  now,
• 27:13
  so
• 27:14
  they
• 27:14
  can't
• 27:14
  really
• 27:14
  put
• 27:14
  their
• 27:15
  prices
• 27:15
  up
• 27:16
  to
• 27:16
  get
• 27:16
  those
• 27:17
  costs
• 27:17
  back.
• 27:18
  So
• 27:19
  their
• 27:19
  profit
• 27:20
  is
• 27:20
  under
• 27:20
  pressure,
• 27:21
  which
• 27:21
  means
• 27:21
  they
• 27:21
  look
• 27:22
  to
• 27:22
  cut
• 27:22
  other
• 27:22
  costs,
• 27:23
  which
• 27:23
  can
• 27:24
  then
• 27:24
  sometimes
• 27:25
  turn
• 27:25
  into
• 27:25
  stuff.
• 27:26
  Now
• 27:27
  we're
• 27:27
  not
• 27:27
  there
• 27:27
  yet.
• 27:28
  I
• 27:28
  really
• 27:28
  don't
• 27:28
  want
• 27:29
  anyone
• 27:29
  to
• 27:29
  panic.
• 27:29
  I
• 27:30
  just
• 27:30
  think,
• 27:30
  once
• 27:31
  again,
• 27:31
  it's
• 27:32
  getting
• 27:32
  prepared
• 27:32
  and
• 27:33
  being
• 27:33
  smart.
• 27:34
  So
• 27:35
  take
• 27:35
  control,
• 27:35
  take
• 27:36
  action
• 27:36
  on
• 27:36
  the
• 27:36
  things
• 27:37
  that
• 27:37
  you
• 27:37
  can.
• 27:38
  What
• 27:38
  do
• 27:38
  you
• 27:38
  do
• 27:38
  then?
• 27:39
  If
• 27:39
  you're
• 27:39
  in
• 27:39
  a
• 27:39
  secure
• 27:40
  position,
• 27:40
  now
• 27:41
  is
• 27:41
  the
• 27:41
  time
• 27:41
  to
• 27:42
  quietly
• 27:42
  make
• 27:43
  it
• 27:43
  more
• 27:44
  secure.
• 27:45
  Is
• 27:45
  your
• 27:45
  skill
• 27:45
  set
• 27:46
  current?
• 27:47
  Does
• 27:47
  your
• 27:47
  employer
• 27:48
  see
• 27:48
  the
• 27:49
  wins
• 27:49
  that
• 27:49
  you
• 27:49
  get
• 27:49
  for
• 27:50
  them?
• 27:50
  Are
• 27:50
  you
• 27:51
  actively
• 27:52
  drawing
• 27:52
  them
• 27:53
  to
• 27:53
  their
• 27:53
  attention?
• 27:54
  This
• 27:54
  is
• 27:55
  a
• 27:55
  big
• 27:55
  one
• 27:55
  that
• 27:56
  I
• 27:56
  suffered
• 27:56
  from
• 27:57
  when
• 27:57
  I
• 27:57
  was
• 27:57
  still
• 27:58
  in
• 27:58
  a
• 27:58
  regular
• 27:59
  job
• 27:59
  before
• 27:59
  I
• 28:00
  ran
• 28:00
  this
• 28:00
  business
• 28:00
  and
• 28:00
  I
• 28:01
  still
• 28:01
  had
• 28:01
  a
• 28:01
  boss
• 28:01
  and
• 28:01
  all
• 28:01
  that
• 28:02
  stuff.
• 28:03
  I
• 28:03
  often
• 28:03
  felt
• 28:04
  like
• 28:04
  it
• 28:04
  would
• 28:05
  annoy
• 28:05
  them
• 28:05
  to
• 28:06
  constantly
• 28:06
  be
• 28:06
  telling
• 28:07
  them
• 28:07
  what
• 28:07
  I'm
• 28:08
  up
• 28:08
  to
• 28:08
  and
• 28:09
  that
• 28:09
  it
• 28:10
  felt
• 28:10
  like
• 28:10
  it
• 28:10
  was
• 28:10
  bragging
• 28:11
  to
• 28:11
  be
• 28:11
  like,
• 28:11
  hey,
• 28:11
  I
• 28:11
  did
• 28:11
  this
• 28:12
  and
• 28:12
  you're
• 28:13
  welcome.
• 28:14
  But
• 28:14
  now
• 28:15
  that
• 28:15
  I
• 28:16
  am
• 28:16
  someone
• 28:17
  who
• 28:17
  employs
• 28:18
  people,
• 28:19
  let
• 28:19
  me
• 28:20
  tell
• 28:20
  you,
• 28:21
  no,
• 28:21
  it's
• 28:22
  the
• 28:22
  very
• 28:23
  opposite.
• 28:23
  When
• 28:24
  people
• 28:24
  go
• 28:24
  quiet,
• 28:25
  it
• 28:26
  is
• 28:26
  so
• 28:26
  annoying.
• 28:28
  I'm
• 28:28
  like,
• 28:28
  what
• 28:28
  are
• 28:29
  you
• 28:29
  up
• 28:29
  to?
• 28:30
  Are
• 28:30
  you
• 28:30
  even
• 28:30
  across
• 28:31
  the
• 28:31
  task?
• 28:31
  I
• 28:32
  asked
• 28:32
  you
• 28:32
  to
• 28:32
  be
• 28:32
  across,
• 28:33
  like,
• 28:33
  what's
• 28:34
  going
• 28:34
  on?
• 28:34
  Keep
• 28:35
  me
• 28:35
  in
• 28:35
  the
• 28:35
  loop,
• 28:36
  please.
• 28:36
  What's
• 28:36
  happening?
• 28:37
  Meanwhile,
• 28:38
  my
• 28:38
  right
• 28:38
  hand
• 28:38
  gal,
• 28:39
  she's
• 28:39
  a
• 28:39
  brilliant
• 28:39
  communicator.
• 28:40
  Let
• 28:40
  me
• 28:41
  use
• 28:41
  her
• 28:41
  as
• 28:41
  an
• 28:41
  example
• 28:42
  of
• 28:42
  how
• 28:42
  this
• 28:42
  can
• 28:42
  go
• 28:42
  so
• 28:43
  well.
• 28:43
  She'll
• 28:43
  just
• 28:43
  be
• 28:43
  like,
• 28:44
  hey,
• 28:44
  I've
• 28:45
  done
• 28:45
  this,
• 28:46
  this
• 28:46
  and
• 28:46
  this.
• 28:47
  And
• 28:47
  by
• 28:47
  the
• 28:47
  way,
• 28:48
  there
• 28:48
  was
• 28:48
  this
• 28:48
  problem.
• 28:49
  Here's
• 28:50
  the
• 28:50
  solution.
• 28:50
  Are
• 28:51
  you
• 28:51
  okay
• 28:51
  with
• 28:51
  it?
• 28:52
  Which
• 28:52
  is
• 28:53
  such
• 28:53
  again,
• 28:54
  another
• 28:54
  smart
• 28:55
  tactic.
• 28:56
  You
• 28:56
  go
• 28:56
  to
• 28:57
  someone
• 28:58
  with
• 28:58
  a
• 28:58
  solution,
• 29:00
  not
• 29:00
  a
• 29:00
  problem.
• 29:01
  Now,
• 29:01
  they
• 29:02
  might
• 29:02
  not
• 29:02
  always
• 29:03
  use
• 29:03
  your
• 29:04
  solution,
• 29:04
  but
• 29:05
  you
• 29:05
  at
• 29:05
  least
• 29:05
  want
• 29:05
  to
• 29:06
  show
• 29:06
  you've
• 29:06
  been
• 29:06
  looking
• 29:07
  for
• 29:07
  one.
• 29:08
  Anyway,
• 29:09
  I.
• 29:09
  I
• 29:10
  just
• 29:10
  couldn't
• 29:10
  love
• 29:11
  her
• 29:11
  more.
• 29:12
  The
• 29:12
  communication
• 29:13
  is
• 29:13
  so
• 29:13
  helpful
• 29:14
  to
• 29:14
  me.
• 29:14
  And
• 29:14
  it's
• 29:15
  smart
• 29:16
  from
• 29:16
  her
• 29:17
  point
• 29:17
  of
• 29:17
  view
• 29:17
  because
• 29:17
  I
• 29:17
  know
• 29:18
  exactly
• 29:19
  how
• 29:19
  valuable
• 29:20
  she
• 29:20
  is.
• 29:20
  Let
• 29:21
  me
• 29:21
  tell
• 29:21
  you,
• 29:21
  if
• 29:22
  she
• 29:22
  tries
• 29:22
  to
• 29:22
  leave
• 29:22
  me,
• 29:23
  I
• 29:23
  will
• 29:23
  just
• 29:24
  love
• 29:24
  bomb
• 29:24
  her
• 29:25
  until
• 29:25
  she
• 29:25
  comes
• 29:25
  back.
• 29:26
  Because
• 29:26
  Lana,
• 29:26
  we
• 29:26
  love
• 29:27
  you.
• 29:27
  And
• 29:28
  I
• 29:28
  just
• 29:28
  think
• 29:28
  for
• 29:28
  anyone
• 29:29
  else
• 29:29
  who's
• 29:30
  in
• 29:30
  a
• 29:30
  job
• 29:32
  and
• 29:32
  feeling
• 29:33
  that
• 29:33
  very
• 29:34
  New
• 29:34
  Zealand
• 29:35
  thing
• 29:36
  of
• 29:36
  I
• 29:36
  don't
• 29:36
  want
• 29:36
  to
• 29:37
  bother
• 29:37
  my
• 29:37
  boss,
• 29:37
  I
• 29:38
  don't
• 29:38
  want
• 29:38
  to
• 29:38
  annoy
• 29:38
  them,
• 29:39
  it's
• 29:39
  the
• 29:39
  opposite.
• 29:41
  People
• 29:41
  who
• 29:42
  get
• 29:42
  protected
• 29:42
  in
• 29:42
  a
• 29:43
  downturn
• 29:43
  are
• 29:44
  usually
• 29:44
  the
• 29:44
  ones
• 29:45
  who
• 29:45
  have
• 29:45
  made
• 29:45
  themselves
• 29:46
  genuinely
• 29:47
  hard
• 29:47
  to
• 29:47
  replace
• 29:48
  and
• 29:48
  your
• 29:48
  boss
• 29:49
  is
• 29:49
  really
• 29:49
  busy.
• 29:50
  Make
• 29:51
  it
• 29:51
  easy
• 29:51
  for
• 29:51
  them
• 29:51
  to
• 29:52
  know
• 29:52
  what
• 29:52
  you're
• 29:52
  up
• 29:52
  to
• 29:53
  and
• 29:53
  that
• 29:53
  you've
• 29:54
  been
• 29:54
  getting
• 29:54
  wins
• 29:55
  for
• 29:55
  them,
• 29:55
  that
• 29:56
  you
• 29:56
  are
• 29:56
  part
• 29:56
  of
• 29:56
  the
• 29:57
  team
• 29:57
  so
• 29:57
  they
• 29:58
  know
• 29:58
  that
• 29:58
  you're
• 29:58
  needed.
• 30:00
  On
• 30:00
  that
• 30:01
  note,
• 30:02
  think
• 30:02
  about
• 30:02
  your
• 30:03
  skills.
• 30:04
  What
• 30:05
  are
• 30:06
  the
• 30:06
  skills
• 30:06
  that
• 30:06
  are
• 30:07
  most
• 30:07
  valuable
• 30:08
  in
• 30:08
  your
• 30:08
  industry
• 30:09
  right
• 30:09
  now?
• 30:09
  What
• 30:10
  could
• 30:10
  you
• 30:10
  be
• 30:10
  doing
• 30:11
  to
• 30:11
  improve
• 30:12
  them
• 30:12
  and
• 30:12
  to
• 30:13
  increase
• 30:13
  your
• 30:13
  skills?
• 30:14
  There's
• 30:14
  so
• 30:15
  much
• 30:15
  online
• 30:15
  learning
• 30:16
  that
• 30:16
  you
• 30:16
  can
• 30:16
  get
• 30:16
  for
• 30:17
  cheap
• 30:17
  and
• 30:17
  even
• 30:17
  free.
• 30:18
  Your
• 30:19
  employability
• 30:19
  is
• 30:20
  one
• 30:20
  of
• 30:20
  the
• 30:20
  best
• 30:21
  investments
• 30:21
  you
• 30:21
  can
• 30:22
  make,
• 30:22
  especially
• 30:22
  in
• 30:23
  an
• 30:23
  uncertain
• 30:23
  economy.
• 30:24
  The
• 30:24
  people
• 30:24
  who
• 30:24
  come
• 30:25
  out
• 30:25
  of
• 30:25
  downturns
• 30:26
  ahead
• 30:26
  are
• 30:26
  almost
• 30:27
  always
• 30:27
  the
• 30:28
  ones
• 30:28
  who
• 30:28
  use
• 30:29
  the
• 30:29
  time
• 30:30
  to
• 30:30
  build
• 30:31
  something.
• 30:32
  Read
• 30:32
  a
• 30:32
  book
• 30:32
  from
• 30:33
  the
• 30:33
  library,
• 30:34
  try
• 30:34
  something
• 30:35
  from
• 30:35
  a
• 30:35
  free
• 30:35
  learning
• 30:36
  platform
• 30:36
  like
• 30:37
  HubSpot
• 30:38
  or
• 30:38
  Coursera.
• 30:39
  Tell
• 30:40
  your
• 30:40
  boss,
• 30:41
  hey,
• 30:41
  here's
• 30:42
  something
• 30:42
  I
• 30:42
  came
• 30:42
  across.
• 30:43
  I've
• 30:43
  been
• 30:44
  reading
• 30:44
  about
• 30:44
  it.
• 30:45
  Here's
• 30:45
  how
• 30:45
  I
• 30:46
  think
• 30:46
  it
• 30:46
  could
• 30:46
  help
• 30:46
  us.
• 30:47
  Every
• 30:48
  skill
• 30:49
  you
• 30:49
  build
• 30:49
  up
• 30:50
  makes
• 30:51
  you
• 30:51
  harder
• 30:51
  to
• 30:52
  replace.
• 30:52
  And
• 30:52
  again,
• 30:53
  don't
• 30:53
  just
• 30:53
  do
• 30:53
  it
• 30:53
  quietly.
• 30:54
  Let
• 30:55
  your
• 30:55
  boss
• 30:55
  know
• 30:55
  that
• 30:55
  you
• 30:56
  have
• 30:56
  these
• 30:56
  skills
• 30:56
  that
• 30:56
  you
• 30:57
  could
• 30:57
  use.
• 30:58
  Next
• 30:58
  tactic
• 30:58
  is
• 30:59
  building
• 30:59
  up
• 30:59
  your
• 31:00
  emergency
• 31:00
  fund.
• 31:01
  Rule
• 31:01
  of
• 31:01
  thumb
• 31:02
  is
• 31:02
  three
• 31:02
  months
• 31:03
  of
• 31:03
  living
• 31:03
  expenses
• 31:04
  if
• 31:04
  you're
• 31:05
  in
• 31:05
  a
• 31:05
  salaried
• 31:06
  role,
• 31:06
  or
• 31:07
  more
• 31:07
  like
• 31:07
  six
• 31:08
  months
• 31:08
  if
• 31:08
  you're
• 31:09
  self
• 31:09
  employed.
• 31:10
  Or
• 31:10
  maybe
• 31:10
  your
• 31:11
  income
• 31:11
  fluctuates
• 31:12
  if
• 31:12
  you're
• 31:13
  not
• 31:13
  there
• 31:13
  yet
• 31:14
  and
• 31:14
  a
• 31:14
  lot
• 31:14
  of
• 31:15
  people
• 31:15
  are
• 31:15
  not.
• 31:16
  Now
• 31:16
  is
• 31:17
  the
• 31:17
  time
• 31:17
  to
• 31:17
  make
• 31:18
  it
• 31:18
  a
• 31:18
  priority,
• 31:19
  just
• 31:19
  putting
• 31:20
  whatever
• 31:20
  you
• 31:20
  can
• 31:21
  into
• 31:21
  your
• 31:22
  savings.
• 31:23
  Not
• 31:23
  because
• 31:23
  something
• 31:24
  bad
• 31:24
  is
• 31:24
  definitely
• 31:25
  going
• 31:25
  to
• 31:25
  happen,
• 31:26
  but
• 31:26
  just
• 31:27
  it
• 31:28
  could.
• 31:28
  Right
• 31:29
  next,
• 31:29
  your
• 31:30
  mortgage.
• 31:30
  Because
• 31:30
  I
• 31:31
  have
• 31:31
  been
• 31:31
  getting
• 31:31
  so
• 31:32
  many
• 31:32
  DMs
• 31:33
  about
• 31:34
  what
• 31:34
  on
• 31:34
  earth
• 31:35
  is
• 31:35
  coming
• 31:35
  next
• 31:36
  with
• 31:36
  mortgages.
• 31:37
  Starting
• 31:37
  point,
• 31:37
  the
• 31:38
  latest
• 31:38
  interest
• 31:38
  rate
• 31:39
  news.
• 31:39
  The
• 31:39
  Reserve
• 31:39
  bank
• 31:40
  kept
• 31:40
  the
• 31:40
  OCR
• 31:41
  at
• 31:41
  the
• 31:41
  same
• 31:41
  level,
• 31:42
  2.25%
• 31:43
  and
• 31:44
  the
• 31:44
  headlines
• 31:45
  went
• 31:45
  cool.
• 31:46
  No
• 31:46
  change
• 31:47
  to
• 31:47
  interest
• 31:47
  rates.
• 31:48
  All
• 31:48
  good.
• 31:48
  Moving
• 31:49
  on.
• 31:50
  Which
• 31:50
  is
• 31:51
  not
• 31:52
  quite
• 31:53
  right
• 31:54
  because
• 31:54
  like
• 31:55
  I
• 31:55
  say,
• 31:55
  I
• 31:55
  like
• 31:55
  to
• 31:56
  dive
• 31:56
  into
• 31:56
  the
• 31:56
  statement
• 31:56
  that
• 31:57
  they
• 31:57
  release
• 31:57
  alongside
• 31:58
  that.
• 31:58
  And
• 31:59
  I'm
• 31:59
  sorry,
• 31:59
  but
• 32:00
  some
• 32:01
  of
• 32:01
  the
• 32:01
  wording
• 32:02
  in
• 32:02
  there
• 32:02
  was
• 32:03
  not
• 32:04
  as
• 32:04
  chill
• 32:05
  as
• 32:06
  the
• 32:06
  headlines
• 32:07
  would
• 32:08
  suggest
• 32:08
  on
• 32:08
  this
• 32:09
  one.
• 32:10
  As
• 32:10
  I
• 32:10
  mentioned,
• 32:11
  the
• 32:12
  inflation
• 32:13
  that
• 32:13
  they
• 32:13
  are
• 32:13
  expecting
• 32:14
  to
• 32:14
  come
• 32:14
  for
• 32:14
  the
• 32:15
  cost
• 32:15
  of
• 32:15
  living,
• 32:15
  they're
• 32:16
  thinking
• 32:16
  that's
• 32:16
  going
• 32:17
  to
• 32:17
  be
• 32:17
  over
• 32:17
  4%
• 32:18
  by
• 32:19
  June,
• 32:19
  which
• 32:20
  is
• 32:20
  only
• 32:21
  a
• 32:21
  couple
• 32:21
  of
• 32:21
  months
• 32:21
  away
• 32:22
  and
• 32:23
  it's
• 32:23
  well
• 32:23
  over
• 32:24
  that
• 32:24
  1
• 32:24
  to
• 32:24
  3%
• 32:25
  inflation
• 32:26
  that
• 32:26
  they
• 32:26
  aim
• 32:27
  for.
• 32:27
  And
• 32:27
  so
• 32:27
  they're
• 32:28
  saying
• 32:28
  probably
• 32:28
  4%
• 32:29
  by
• 32:29
  June,
• 32:29
  maybe
• 32:30
  more.
• 32:31
  And
• 32:32
  then
• 32:32
  there's
• 32:32
  this
• 32:33
  quote
• 32:33
  there.
• 32:33
  I'm
• 32:33
  going
• 32:34
  to
• 32:34
  say
• 32:34
  it
• 32:34
  word
• 32:34
  for
• 32:34
  word
• 32:35
  because
• 32:36
  it's
• 32:36
  really
• 32:36
  strong
• 32:37
  wording
• 32:38
  from
• 32:38
  such
• 32:39
  restrained
• 32:40
  financial
• 32:42
  nerds.
• 32:43
  Said
• 32:43
  with
• 32:43
  love,
• 32:45
  but
• 32:45
  they
• 32:45
  said
• 32:46
  if
• 32:46
  inflation
• 32:47
  keeps
• 32:47
  going
• 32:48
  badly,
• 32:49
  keeps
• 32:49
  increasing,
• 32:51
  then
• 32:51
  they
• 32:51
  said
• 32:52
  decisive
• 32:53
  and
• 32:53
  timely
• 32:54
  increases
• 32:55
  in
• 32:55
  the
• 32:55
  official
• 32:55
  cash
• 32:56
  rate
• 32:56
  would
• 32:57
  be
• 32:57
  required.
• 32:59
  So
• 32:59
  decisive
• 33:00
  and
• 33:00
  timely,
• 33:01
  that
• 33:01
  is
• 33:01
  basically
• 33:02
  central
• 33:02
  bank
• 33:02
  speak
• 33:03
  for
• 33:04
  we
• 33:04
  will
• 33:04
  move
• 33:04
  fast
• 33:05
  and
• 33:06
  we
• 33:06
  will
• 33:07
  move
• 33:07
  hard
• 33:08
  and
• 33:08
  if
• 33:09
  we
• 33:09
  need
• 33:09
  to,
• 33:10
  we'll
• 33:10
  get
• 33:11
  this
• 33:11
  done.
• 33:12
  So
• 33:12
  they
• 33:12
  didn't
• 33:13
  yank
• 33:13
  interest
• 33:13
  rates
• 33:14
  up
• 33:14
  this
• 33:15
  time,
• 33:15
  but
• 33:16
  they
• 33:16
  talked
• 33:17
  about
• 33:17
  it
• 33:17
  and
• 33:18
  the
• 33:18
  wording
• 33:18
  that
• 33:18
  they're
• 33:19
  using
• 33:19
  shows
• 33:20
  that
• 33:20
  this
• 33:20
  is
• 33:20
  not
• 33:20
  a
• 33:21
  everything
• 33:22
  is
• 33:22
  fine,
• 33:23
  no
• 33:23
  drama
• 33:24
  kind
• 33:24
  of
• 33:24
  holding
• 33:25
  steady.
• 33:25
  This
• 33:26
  is
• 33:26
  a
• 33:27
  we're
• 33:27
  watching
• 33:28
  very
• 33:29
  carefully
• 33:30
  and
• 33:30
  our
• 33:30
  finger
• 33:31
  is
• 33:31
  getting
• 33:31
  close
• 33:32
  to
• 33:32
  the
• 33:32
  button
• 33:33
  kind
• 33:33
  of
• 33:34
  hold.
• 33:34
  It's
• 33:35
  the
• 33:35
  kind
• 33:35
  of
• 33:35
  hold
• 33:36
  where
• 33:36
  they
• 33:36
  say
• 33:36
  there's
• 33:37
  no
• 33:37
  good
• 33:37
  decision
• 33:38
  here.
• 33:39
  So
• 33:39
  we're
• 33:39
  holding
• 33:39
  steady
• 33:40
  for
• 33:40
  now,
• 33:41
  but
• 33:41
  we
• 33:41
  might
• 33:41
  give
• 33:42
  the
• 33:42
  whole
• 33:42
  economy
• 33:43
  some
• 33:43
  really
• 33:43
  rough
• 33:44
  medicine
• 33:44
  if
• 33:45
  we
• 33:45
  have
• 33:45
  to
• 33:46
  because
• 33:46
  that's
• 33:46
  the
• 33:47
  best
• 33:47
  of
• 33:47
  a
• 33:47
  bunch
• 33:48
  of
• 33:48
  bad
• 33:48
  decisions.
• 33:49
  And
• 33:50
  banks,
• 33:50
  the
• 33:51
  normal
• 33:51
  banks
• 33:51
  that
• 33:52
  you
• 33:52
  and
• 33:52
  I
• 33:52
  use,
• 33:52
  you've
• 33:53
  got
• 33:53
  the
• 33:53
  central
• 33:53
  bank
• 33:53
  that's
• 33:54
  making
• 33:54
  these
• 33:54
  decisions
• 33:54
  and
• 33:55
  then
• 33:55
  you've
• 33:55
  got
• 33:55
  what's
• 33:55
  called
• 33:56
  the
• 33:56
  retail
• 33:57
  banks.
• 33:57
  Those
• 33:57
  are
• 33:57
  the
• 33:57
  ones
• 33:58
  that
• 33:58
  you
• 33:58
  and
• 33:58
  I
• 33:58
  get
• 33:59
  mortgages
• 33:59
  and
• 33:59
  savings
• 34:00
  accounts
• 34:00
  with.
• 34:01
  Those
• 34:01
  banks
• 34:02
  then
• 34:02
  watch
• 34:03
  the
• 34:03
  instability
• 34:03
  around
• 34:04
  the
• 34:04
  world
• 34:05
  and
• 34:05
  they
• 34:05
  hear
• 34:05
  that
• 34:06
  from
• 34:06
  our
• 34:06
  central
• 34:07
  bank
• 34:07
  and
• 34:07
  they
• 34:08
  often
• 34:08
  move
• 34:09
  the
• 34:09
  long
• 34:09
  term
• 34:09
  rates
• 34:10
  up
• 34:10
  anyway
• 34:11
  because
• 34:12
  they're
• 34:12
  thinking
• 34:13
  not
• 34:13
  just
• 34:13
  about
• 34:14
  what
• 34:14
  should
• 34:15
  interest
• 34:15
  rates
• 34:15
  be
• 34:16
  now,
• 34:16
  but
• 34:17
  what
• 34:17
  they're
• 34:17
  going
• 34:17
  to
• 34:18
  be
• 34:18
  soon.
• 34:18
  They're
• 34:19
  trying
• 34:19
  to
• 34:19
  make
• 34:19
  long
• 34:19
  term
• 34:20
  business
• 34:20
  decisions.
• 34:21
  So
• 34:21
  they
• 34:21
  see
• 34:22
  that
• 34:22
  and
• 34:23
  some
• 34:23
  of
• 34:23
  you,
• 34:23
  you
• 34:23
  know,
• 34:24
  five
• 34:24
  year
• 34:25
  mortgage
• 34:25
  rates
• 34:26
  start
• 34:26
  moving
• 34:26
  up.
• 34:27
  And
• 34:27
  Anz,
• 34:28
  our
• 34:28
  biggest
• 34:29
  bank,
• 34:29
  is
• 34:29
  now
• 34:29
  predicting
• 34:30
  there
• 34:30
  will
• 34:30
  be
• 34:31
  three
• 34:32
  interest
• 34:32
  rate
• 34:32
  hikes
• 34:33
  before
• 34:33
  the
• 34:33
  end
• 34:33
  of
• 34:34
  the
• 34:34
  year,
• 34:34
  starting
• 34:35
  from
• 34:35
  July.
• 34:36
  Now
• 34:36
  I
• 34:37
  do
• 34:37
  think
• 34:37
  that
• 34:37
  the
• 34:37
  Anz
• 34:38
  team
• 34:38
  tends
• 34:39
  to
• 34:39
  be
• 34:39
  the
• 34:40
  most
• 34:40
  pessimistic
• 34:41
  of
• 34:41
  the
• 34:41
  bank
• 34:42
  analysts
• 34:42
  here
• 34:42
  in
• 34:43
  New
• 34:43
  Zealand.
• 34:43
  They
• 34:43
  often
• 34:44
  are
• 34:44
  the
• 34:44
  ones
• 34:44
  to
• 34:44
  sound
• 34:45
  the
• 34:45
  alarm
• 34:46
  first,
• 34:47
  but
• 34:47
  that
• 34:47
  doesn't
• 34:48
  mean
• 34:48
  they're
• 34:48
  wrong.
• 34:48
  I
• 34:49
  have
• 34:49
  huge
• 34:49
  respect
• 34:49
  for
• 34:50
  their
• 34:50
  team.
• 34:51
  It's
• 34:51
  just,
• 34:51
  you
• 34:52
  know,
• 34:53
  pinch
• 34:53
  of
• 34:53
  salt
• 34:53
  before
• 34:54
  we
• 34:54
  panic.
• 34:55
  It
• 34:55
  is
• 34:55
  worth
• 34:55
  noting
• 34:56
  that
• 34:56
  while
• 34:57
  still
• 34:57
  paying
• 34:57
  attention
• 34:58
  to
• 34:58
  what
• 34:58
  they
• 34:58
  have
• 34:58
  to
• 34:58
  say
• 34:59
  anyway,
• 35:00
  what
• 35:00
  does
• 35:00
  all
• 35:00
  of
• 35:00
  this
• 35:00
  mean?
• 35:01
  Practically,
• 35:02
  if
• 35:02
  your
• 35:02
  mortgage
• 35:03
  is
• 35:03
  coming
• 35:03
  up
• 35:04
  for
• 35:04
  refixing
• 35:05
  soon,
• 35:05
  do
• 35:06
  not
• 35:06
  assume
• 35:07
  that
• 35:07
  rates
• 35:08
  are
• 35:08
  going
• 35:08
  to
• 35:08
  drop
• 35:09
  the
• 35:09
  way
• 35:09
  that
• 35:09
  they
• 35:10
  were
• 35:10
  earlier
• 35:10
  this
• 35:11
  year.
• 35:11
  That
• 35:12
  picture
• 35:12
  has
• 35:13
  genuinely
• 35:14
  really
• 35:15
  changed
• 35:15
  now.
• 35:15
  The
• 35:15
  direction
• 35:16
  of
• 35:16
  travel
• 35:16
  has
• 35:16
  changed.
• 35:17
  We've
• 35:17
  talked
• 35:18
  about
• 35:18
  this
• 35:18
  in
• 35:18
  other
• 35:18
  episodes.
• 35:19
  A
• 35:19
  mortgage
• 35:19
  broker
• 35:20
  is
• 35:20
  free
• 35:21
  to
• 35:21
  you,
• 35:22
  so
• 35:22
  you
• 35:22
  might
• 35:23
  as
• 35:23
  well
• 35:23
  use
• 35:24
  one.
• 35:25
  Get
• 35:25
  advice,
• 35:26
  look
• 35:26
  at
• 35:26
  your
• 35:26
  options
• 35:27
  and
• 35:28
  factor
• 35:29
  some
• 35:29
  uncertainty
• 35:31
  into
• 35:31
  your
• 35:31
  planning.
• 35:32
  How
• 35:32
  much
• 35:32
  certainty
• 35:33
  does
• 35:33
  your
• 35:33
  life
• 35:34
  need?
• 35:35
  What
• 35:35
  do
• 35:36
  you
• 35:36
  need
• 35:37
  from
• 35:37
  your
• 35:37
  financial
• 35:38
  life.
• 35:39
  Plan
• 35:39
  accordingly.
• 35:40
  And
• 35:41
  this
• 35:41
  is
• 35:41
  a
• 35:41
  good
• 35:41
  moment
• 35:42
  to
• 35:42
  check
• 35:42
  in
• 35:42
  on
• 35:43
  your
• 35:43
  mortgage
• 35:43
  structure
• 35:44
  more
• 35:44
  generally.
• 35:45
  If
• 35:45
  you
• 35:46
  need
• 35:46
  more
• 35:46
  certainty
• 35:47
  in
• 35:48
  your
• 35:48
  financial
• 35:48
  life,
• 35:48
  then
• 35:49
  fixing
• 35:49
  for
• 35:50
  longer
• 35:50
  can
• 35:50
  be
• 35:50
  better.
• 35:51
  If
• 35:51
  you
• 35:51
  aren't
• 35:52
  as
• 35:52
  worried
• 35:52
  about
• 35:53
  that,
• 35:53
  there
• 35:53
  are
• 35:54
  some
• 35:54
  mortgage
• 35:55
  payoff
• 35:55
  char
• 35:55
  tricks
• 35:56
  that
• 35:56
  you
• 35:56
  can
• 35:57
  use
• 35:57
  with
• 35:58
  floating
• 35:58
  or
• 35:59
  revolving
• 35:59
  mortgages.
• 36:00
  Check
• 36:01
  out
• 36:01
  previous
• 36:01
  podcast
• 36:02
  episodes
• 36:02
  on
• 36:02
  those,
• 36:03
  but
• 36:03
  again,
• 36:04
  have
• 36:04
  a
• 36:04
  chat
• 36:04
  to
• 36:05
  a
• 36:05
  mortgage
• 36:05
  broker
• 36:05
  because
• 36:06
  they're
• 36:06
  the
• 36:06
  one
• 36:06
  that
• 36:06
  can
• 36:07
  look
• 36:07
  at
• 36:07
  your
• 36:07
  individual
• 36:08
  situation
• 36:08
  and
• 36:08
  help
• 36:09
  you
• 36:09
  navigate
• 36:09
  all
• 36:09
  of
• 36:09
  this.
• 36:10
  Like
• 36:10
  I
• 36:10
  say,
• 36:11
  free
• 36:11
  to
• 36:11
  you.
• 36:12
  But
• 36:12
  the
• 36:12
  big
• 36:12
  thing
• 36:13
  to
• 36:13
  remember
• 36:13
  is
• 36:13
  that
• 36:14
  interest
• 36:14
  rate
• 36:14
  cuts
• 36:15
  were
• 36:15
  not
• 36:16
  even
• 36:17
  on
• 36:17
  the
• 36:17
  table
• 36:18
  at
• 36:18
  this
• 36:18
  meeting.
• 36:19
  Hikes
• 36:20
  were
• 36:20
  interest
• 36:21
  rates
• 36:22
  increases.
• 36:22
  And
• 36:23
  they've
• 36:23
  still
• 36:23
  got
• 36:23
  their
• 36:24
  finger
• 36:24
  hovering
• 36:25
  over
• 36:26
  that
• 36:26
  button.
• 36:27
  So
• 36:28
  remember
• 36:28
  that
• 36:29
  when
• 36:29
  you're
• 36:29
  making
• 36:30
  your
• 36:30
  plans.
• 36:31
  Okay?
• 36:32
  Last
• 36:32
  but
• 36:32
  never
• 36:33
  least,
• 36:33
  what
• 36:33
  about
• 36:34
  investments?
• 36:35
  The
• 36:35
  share
• 36:35
  market,
• 36:35
  your
• 36:36
  KiwiSaver,
• 36:36
  other
• 36:36
  retirement
• 36:37
  investments?
• 36:38
  What
• 36:38
  is
• 36:38
  going
• 36:39
  on
• 36:39
  there?
• 36:39
  Good
• 36:40
  news
• 36:40
  is
• 36:40
  that
• 36:40
  we
• 36:40
  actually
• 36:41
  have
• 36:41
  lots
• 36:42
  of
• 36:42
  people
• 36:42
  tracking
• 36:43
  this
• 36:43
  because
• 36:44
  people
• 36:44
  love
• 36:44
  to
• 36:44
  make
• 36:44
  money.
• 36:45
  And
• 36:45
  so
• 36:46
  literally
• 36:46
  the
• 36:47
  job
• 36:47
  of
• 36:47
  a
• 36:47
  whole
• 36:47
  bunch
• 36:48
  of
• 36:48
  very
• 36:48
  clever
• 36:48
  people
• 36:48
  to
• 36:49
  watch
• 36:49
  what's
• 36:49
  going
• 36:49
  on
• 36:49
  and
• 36:50
  fit
• 36:50
  figure
• 36:50
  out
• 36:51
  what
• 36:51
  could
• 36:51
  be
• 36:51
  coming
• 36:52
  next.
• 36:52
  And
• 36:53
  the
• 36:53
  place
• 36:54
  they
• 36:54
  usually
• 36:54
  start
• 36:55
  is
• 36:55
  by
• 36:55
  looking
• 36:55
  back
• 36:56
  at
• 36:56
  history.
• 36:56
  Now
• 36:57
  those
• 36:57
  of
• 36:57
  you
• 36:57
  who
• 36:57
  subscribe
• 36:58
  to
• 36:58
  my
• 36:58
  Market
• 36:59
  Memo
• 36:59
  newsletter
• 37:00
  will
• 37:00
  already
• 37:00
  know
• 37:01
  some
• 37:01
  of
• 37:01
  this
• 37:02
  because
• 37:02
  we've
• 37:02
  talked
• 37:02
  about
• 37:02
  this
• 37:03
  in
• 37:03
  the
• 37:03
  last
• 37:03
  few
• 37:03
  editions.
• 37:04
  If
• 37:04
  you
• 37:05
  do
• 37:05
  not
• 37:05
  subscribe
• 37:06
  to
• 37:06
  that
• 37:06
  yet,
• 37:07
  check
• 37:08
  it
• 37:08
  out.
• 37:08
  It's
• 37:09
  really
• 37:09
  helpful
• 37:09
  at
• 37:09
  times
• 37:10
  like
• 37:10
  this
• 37:10
  and
• 37:10
  I
• 37:10
  can
• 37:10
  do
• 37:10
  more
• 37:10
  of
• 37:11
  a
• 37:11
  deep
• 37:11
  dive
• 37:11
  in
• 37:11
  the
• 37:12
  written
• 37:12
  format
• 37:12
  than
• 37:13
  I
• 37:13
  can
• 37:13
  often
• 37:13
  in
• 37:14
  podcasts.
• 37:15
  So
• 37:16
  you,
• 37:16
  you
• 37:16
  just
• 37:16
  go
• 37:16
  to
• 37:16
  franciscook
• 37:17
  Co
• 37:18
  NZ
• 37:19
  Invest
• 37:20
  to
• 37:20
  subscribe
• 37:20
  to
• 37:20
  that
• 37:21
  and
• 37:21
  I'll
• 37:21
  check
• 37:21
  that
• 37:21
  in
• 37:21
  the
• 37:22
  show
• 37:22
  notes
• 37:22
  as
• 37:22
  well.
• 37:23
  But
• 37:23
  when
• 37:24
  we're
• 37:24
  trying
• 37:24
  to
• 37:24
  understand
• 37:25
  what's
• 37:26
  happening
• 37:26
  with
• 37:27
  the
• 37:27
  share
• 37:27
  market
• 37:28
  going
• 37:29
  back
• 37:29
  into
• 37:29
  history,
• 37:30
  so
• 37:30
  helpful
• 37:31
  because
• 37:31
  history
• 37:31
  may
• 37:31
  not
• 37:32
  repeat,
• 37:32
  but
• 37:32
  it
• 37:32
  does
• 37:33
  rhyme.
• 37:33
  And
• 37:34
  we've
• 37:34
  usually
• 37:34
  had
• 37:35
  similar
• 37:35
  situations
• 37:35
  before
• 37:36
  and
• 37:36
  we
• 37:36
  can
• 37:37
  see
• 37:37
  what
• 37:37
  happened
• 37:37
  then
• 37:38
  and
• 37:38
  then
• 37:38
  what's
• 37:38
  likely
• 37:39
  to
• 37:39
  happen
• 37:40
  here.
• 37:41
  So
• 37:42
  since
• 37:42
  1973
• 37:43
  there
• 37:43
  have
• 37:44
  been
• 37:44
  seven
• 37:45
  major
• 37:45
  oil
• 37:46
  price
• 37:46
  spikes
• 37:47
  of
• 37:47
  40%
• 37:48
  or
• 37:48
  more.
• 37:49
  Seven
• 37:50
  of
• 37:50
  these
• 37:50
  big
• 37:51
  shocks.
• 37:51
  Every
• 37:52
  single
• 37:52
  time
• 37:52
  it
• 37:52
  felt
• 37:53
  like
• 37:53
  the
• 37:53
  world
• 37:53
  was
• 37:53
  ending.
• 37:54
  Every
• 37:54
  single
• 37:55
  time
• 37:55
  those
• 37:55
  markets
• 37:56
  still
• 37:56
  eventually
• 37:57
  recovered.
• 37:58
  Every
• 37:58
  single
• 37:59
  time
• 37:59
  the
• 38:00
  people
• 38:00
  who
• 38:00
  stayed
• 38:01
  invested
• 38:02
  came
• 38:02
  out
• 38:03
  ahead
• 38:03
  of
• 38:04
  the
• 38:04
  people
• 38:04
  who
• 38:05
  didn't.
• 38:05
  Here's
• 38:06
  the
• 38:06
  number
• 38:07
  I
• 38:07
  want
• 38:07
  you
• 38:07
  to
• 38:07
  hold
• 38:08
  onto.
• 38:09
  Since
• 38:09
  KiwiSaver
• 38:10
  launched
• 38:11
  in
• 38:11
  2007,
• 38:12
  a
• 38:13
  growth
• 38:13
  fund
• 38:14
  has
• 38:14
  returned
• 38:15
  240%.
• 38:18
  And
• 38:18
  that
• 38:19
  includes
• 38:20
  the
• 38:20
  global
• 38:20
  financial
• 38:21
  crisis,
• 38:21
  the
• 38:22
  Christchurch
• 38:22
  earthquakes,
• 38:23
  Covid
• 38:25
  crazy
• 38:26
  inflation.
• 38:27
  Still
• 38:28
  an
• 38:28
  overall
• 38:29
  average
• 38:29
  return
• 38:30
  of
• 38:30
  240%
• 38:32
  across
• 38:33
  those
• 38:33
  19
• 38:34
  years,
• 38:34
  which
• 38:35
  nice.
• 38:37
  This
• 38:37
  is
• 38:37
  not
• 38:37
  an
• 38:38
  argument
• 38:38
  that
• 38:39
  share
• 38:39
  markets
• 38:40
  always
• 38:40
  go
• 38:40
  up
• 38:40
  in
• 38:41
  a
• 38:41
  straight
• 38:41
  line.
• 38:42
  They
• 38:42
  absolutely
• 38:43
  do
• 38:43
  not.
• 38:44
  It's
• 38:44
  an
• 38:44
  argument
• 38:45
  that
• 38:46
  over
• 38:46
  time,
• 38:47
  staying
• 38:48
  invested
• 38:49
  through
• 38:49
  those
• 38:49
  scary
• 38:50
  moments
• 38:51
  is
• 38:51
  what
• 38:51
  builds
• 38:52
  wealth.
• 38:52
  The
• 38:53
  scary
• 38:53
  moments
• 38:54
  are
• 38:55
  part
• 38:55
  of
• 38:55
  the
• 38:55
  deal,
• 38:56
  are
• 38:56
  part
• 38:57
  of
• 38:57
  how
• 38:57
  you
• 38:57
  make
• 38:57
  your
• 38:58
  money.
• 38:59
  Jumping
• 38:59
  out
• 38:59
  at
• 39:00
  a
• 39:00
  scary
• 39:00
  time,
• 39:01
  usually
• 39:01
  a
• 39:01
  bad
• 39:02
  plan,
• 39:02
  switching
• 39:03
  in
• 39:03
  and
• 39:04
  out
• 39:04
  and
• 39:04
  trying
• 39:05
  to
• 39:05
  time
• 39:05
  it
• 39:06
  to
• 39:06
  stay
• 39:06
  ahead
• 39:06
  of
• 39:07
  everyone
• 39:07
  else.
• 39:08
  That's
• 39:08
  often,
• 39:08
  usually
• 39:08
  the
• 39:09
  worst
• 39:09
  thing
• 39:09
  you
• 39:09
  can
• 39:09
  do
• 39:10
  and
• 39:10
  done
• 39:10
  by
• 39:10
  people
• 39:11
  who
• 39:11
  think
• 39:11
  they're
• 39:11
  cleverer
• 39:11
  than
• 39:11
  everyone
• 39:12
  else
• 39:12
  and
• 39:13
  end
• 39:13
  up
• 39:14
  further
• 39:14
  behind
• 39:14
  than
• 39:15
  people
• 39:15
  who
• 39:15
  didn't
• 39:15
  even
• 39:15
  try
• 39:16
  at
• 39:16
  all.
• 39:16
  Look,
• 39:17
  I
• 39:17
  had
• 39:17
  to
• 39:17
  double
• 39:17
  check
• 39:18
  what
• 39:18
  the
• 39:18
  share
• 39:18
  market
• 39:19
  was
• 39:19
  up
• 39:20
  to
• 39:20
  for
• 39:20
  this
• 39:20
  episode
• 39:21
  because
• 39:21
  I
• 39:21
  haven't
• 39:22
  been
• 39:22
  checking
• 39:22
  on
• 39:23
  my
• 39:23
  own
• 39:23
  investments
• 39:25
  at
• 39:25
  all.
• 39:25
  I
• 39:25
  genuinely
• 39:27
  didn't
• 39:27
  know
• 39:27
  what
• 39:28
  they
• 39:28
  were
• 39:28
  up
• 39:28
  to
• 39:29
  and
• 39:29
  it's
• 39:29
  not
• 39:29
  great
• 39:30
  in
• 39:30
  there.
• 39:30
  I
• 39:31
  had
• 39:31
  a
• 39:31
  little
• 39:31
  look,
• 39:31
  but
• 39:32
  I
• 39:33
  also
• 39:33
  don't
• 39:34
  mind.
• 39:35
  It's
• 39:35
  fine.
• 39:36
  My
• 39:37
  strategy
• 39:38
  had
• 39:38
  already
• 39:38
  planned
• 39:39
  for
• 39:39
  things
• 39:40
  to
• 39:40
  go
• 39:40
  wrong.
• 39:41
  Hadn't
• 39:42
  really
• 39:42
  seen
• 39:42
  a
• 39:43
  oil
• 39:43
  crisis
• 39:44
  coming,
• 39:44
  but
• 39:44
  that's
• 39:45
  the
• 39:45
  whole
• 39:45
  point.
• 39:46
  Nobody
• 39:46
  saw
• 39:46
  a
• 39:47
  pandemic
• 39:47
  coming
• 39:47
  either.
• 39:48
  And
• 39:48
  you
• 39:49
  just
• 39:49
  have
• 39:49
  it
• 39:49
  set
• 39:49
  up
• 39:50
  so
• 39:50
  you
• 39:50
  can
• 39:50
  have
• 39:51
  these
• 39:51
  big
• 39:51
  shocks
• 39:52
  and
• 39:52
  you
• 39:52
  can
• 39:52
  continue.
• 39:53
  I,
• 39:53
  I
• 39:53
  have
• 39:54
  automatic
• 39:54
  investments
• 39:55
  going
• 39:55
  in.
• 39:56
  Global
• 39:56
  index
• 39:57
  funds
• 39:57
  are
• 39:58
  the
• 39:58
  core
• 39:58
  of
• 39:59
  my
• 39:59
  own
• 39:59
  personal
• 40:00
  strategy.
• 40:01
  I
• 40:01
  just
• 40:01
  keep
• 40:01
  it
• 40:02
  ticking
• 40:02
  over.
• 40:04
  Now,
• 40:04
  this
• 40:05
  one
• 40:05
  is
• 40:06
  real.
• 40:07
  The
• 40:07
  economic
• 40:08
  pain
• 40:09
  is
• 40:09
  real,
• 40:09
  the
• 40:10
  crisis
• 40:10
  is
• 40:10
  real.
• 40:11
  But
• 40:11
  that
• 40:11
  doesn't
• 40:12
  have
• 40:12
  to
• 40:13
  send
• 40:13
  us
• 40:14
  into
• 40:14
  a
• 40:14
  tailspin
• 40:15
  about
• 40:15
  our
• 40:16
  investments.
• 40:17
  To
• 40:17
  be
• 40:17
  honest,
• 40:17
  this
• 40:18
  section
• 40:19
  actually,
• 40:19
  actually
• 40:19
  worries
• 40:20
  me
• 40:20
  so
• 40:21
  much
• 40:21
  less
• 40:21
  than
• 40:22
  the
• 40:22
  previous
• 40:22
  stuff
• 40:22
  we
• 40:23
  talked
• 40:23
  about.
• 40:24
  The
• 40:24
  petrol,
• 40:24
  the
• 40:25
  food,
• 40:25
  your
• 40:25
  job,
• 40:25
  your
• 40:26
  mortgage,
• 40:26
  all
• 40:26
  of
• 40:27
  that
• 40:27
  came
• 40:27
  first.
• 40:27
  Because
• 40:28
  if
• 40:28
  people
• 40:29
  dip
• 40:29
  out
• 40:29
  of
• 40:29
  this
• 40:29
  episode
• 40:30
  early,
• 40:30
  I
• 40:30
  think
• 40:30
  those
• 40:30
  are
• 40:31
  the
• 40:31
  big
• 40:31
  ones
• 40:31
  that
• 40:31
  they
• 40:31
  should
• 40:32
  be
• 40:32
  thinking
• 40:32
  about
• 40:32
  now.
• 40:33
  Whereas
• 40:35
  if
• 40:35
  you're
• 40:35
  wondering
• 40:36
  whether
• 40:36
  the
• 40:37
  current
• 40:37
  situation
• 40:37
  means
• 40:38
  you
• 40:38
  need
• 40:38
  to
• 40:38
  change
• 40:39
  anything
• 40:39
  for
• 40:39
  your
• 40:40
  investments,
• 40:41
  probably
• 40:42
  not.
• 40:43
  Here's
• 40:43
  what
• 40:44
  I
• 40:44
  want
• 40:44
  you
• 40:44
  to
• 40:44
  think
• 40:44
  about.
• 40:45
  Is
• 40:45
  this
• 40:46
  a
• 40:46
  change
• 40:47
  that
• 40:47
  will
• 40:47
  stick
• 40:47
  around
• 40:49
  or
• 40:49
  is
• 40:49
  it
• 40:49
  a
• 40:50
  scary
• 40:50
  blip?
• 40:51
  Because
• 40:52
  we're
• 40:52
  seeing
• 40:52
  signs
• 40:53
  of
• 40:54
  a
• 40:54
  structural
• 40:55
  change
• 40:55
  here.
• 40:56
  Underneath
• 40:56
  all
• 40:56
  of
• 40:56
  this
• 40:57
  crisis,
• 40:58
  there
• 40:58
  are
• 40:58
  signs
• 40:59
  that
• 41:00
  this
• 41:00
  could
• 41:00
  lead
• 41:00
  to
• 41:01
  other
• 41:01
  changes
• 41:03
  and
• 41:03
  you
• 41:03
  could
• 41:04
  factor
• 41:04
  that
• 41:04
  into
• 41:05
  your
• 41:05
  investments
• 41:06
  if
• 41:06
  you
• 41:06
  wanted
• 41:07
  to.
• 41:08
  This
• 41:08
  could
• 41:09
  be,
• 41:10
  for
• 41:10
  example,
• 41:11
  a
• 41:12
  moment
• 41:12
  that
• 41:12
  accelerates
• 41:13
  the
• 41:13
  world
• 41:13
  away
• 41:14
  from
• 41:14
  being
• 41:14
  dependent
• 41:15
  on
• 41:15
  oil
• 41:16
  in
• 41:16
  a
• 41:16
  way
• 41:16
  that
• 41:16
  creates
• 41:17
  new
• 41:17
  winners
• 41:18
  and
• 41:18
  losers
• 41:18
  in
• 41:19
  the
• 41:19
  coming
• 41:19
  years.
• 41:20
  And
• 41:20
  if
• 41:20
  you
• 41:21
  find
• 41:21
  that
• 41:21
  argument
• 41:22
  convincing,
• 41:23
  then
• 41:24
  maybe
• 41:24
  you
• 41:24
  might
• 41:24
  want
• 41:24
  to
• 41:25
  change
• 41:25
  a
• 41:25
  few
• 41:25
  things.
• 41:26
  And
• 41:27
  we
• 41:27
  are
• 41:27
  seeing
• 41:27
  signs
• 41:28
  of
• 41:28
  that
• 41:28
  in
• 41:28
  New
• 41:28
  Zealand.
• 41:29
  Really
• 41:29
  interesting.
• 41:29
  Electric
• 41:30
  car
• 41:30
  registrations
• 41:31
  up
• 41:31
  400%
• 41:33
  in
• 41:33
  just
• 41:33
  the
• 41:33
  last
• 41:34
  month.
• 41:35
  Sales
• 41:35
  of
• 41:35
  plug
• 41:36
  in
• 41:36
  hybrids
• 41:36
  up
• 41:37
  over
• 41:37
  300%.
• 41:38
  And
• 41:38
  people,
• 41:39
  people
• 41:39
  are
• 41:39
  far
• 41:40
  more
• 41:40
  interested
• 41:40
  in
• 41:40
  things
• 41:40
  like
• 41:41
  getting
• 41:41
  solar
• 41:41
  on
• 41:42
  their
• 41:42
  own
• 41:42
  homes.
• 41:43
  Meridians
• 41:44
  solar
• 41:44
  registrations
• 41:45
  up
• 41:45
  214%.
• 41:47
  People
• 41:47
  are
• 41:47
  not
• 41:47
  waiting
• 41:48
  for
• 41:49
  someone
• 41:49
  else
• 41:49
  to
• 41:49
  solve
• 41:50
  this.
• 41:50
  They
• 41:51
  are
• 41:51
  making
• 41:51
  the
• 41:52
  shift
• 41:52
  themselves.
• 41:54
  But
• 41:54
  then
• 41:55
  maybe
• 41:56
  you
• 41:56
  think
• 41:56
  it's
• 41:56
  a
• 41:56
  blip,
• 41:57
  maybe
• 41:58
  you
• 41:58
  think
• 41:59
  the
• 41:59
  strait
• 41:59
  will
• 41:59
  be
• 41:59
  opened
• 42:00
  again
• 42:00
  and
• 42:01
  everything
• 42:01
  will
• 42:02
  go
• 42:02
  back
• 42:02
  to
• 42:02
  normal,
• 42:03
  in
• 42:03
  which
• 42:04
  case
• 42:04
  that
• 42:04
  then
• 42:05
  the
• 42:05
  argument
• 42:06
  is
• 42:06
  you
• 42:06
  just
• 42:06
  sit
• 42:07
  tight.
• 42:08
  The
• 42:08
  question
• 42:09
  for
• 42:09
  investors
• 42:10
  isn't
• 42:11
  just
• 42:11
  how
• 42:11
  do
• 42:12
  I
• 42:12
  survive
• 42:12
  this?
• 42:13
  It's
• 42:13
  am
• 42:13
  I
• 42:14
  positioned
• 42:15
  for
• 42:15
  what
• 42:16
  comes
• 42:17
  after
• 42:17
  it?
• 42:18
  I
• 42:18
  don't
• 42:18
  want
• 42:18
  you
• 42:18
  to
• 42:19
  ever
• 42:19
  think
• 42:20
  about
• 42:20
  your
• 42:20
  investments
• 42:21
  in
• 42:21
  terms
• 42:21
  of
• 42:21
  the
• 42:21
  next
• 42:22
  few
• 42:22
  months.
• 42:23
  I
• 42:23
  want
• 42:23
  you
• 42:24
  to
• 42:24
  think
• 42:24
  about
• 42:24
  it
• 42:24
  in
• 42:25
  terms
• 42:25
  of
• 42:25
  the
• 42:25
  next
• 42:25
  five
• 42:26
  or
• 42:26
  10
• 42:27
  years.
• 42:28
  That's
• 42:29
  where
• 42:29
  the
• 42:30
  real
• 42:30
  money
• 42:30
  is.
• 42:32
  So
• 42:32
  what
• 42:32
  do
• 42:32
  you
• 42:32
  actually
• 42:33
  do
• 42:33
  with
• 42:33
  your
• 42:34
  money
• 42:34
  right
• 42:35
  now?
• 42:36
  If
• 42:36
  you
• 42:37
  think
• 42:37
  that
• 42:37
  this
• 42:37
  is
• 42:37
  the
• 42:37
  beginning
• 42:38
  of
• 42:38
  a
• 42:38
  change,
• 42:38
  then
• 42:38
  maybe
• 42:39
  a
• 42:39
  slow,
• 42:39
  steady
• 42:40
  change
• 42:40
  to
• 42:40
  your
• 42:40
  investments
• 42:41
  could
• 42:42
  be
• 42:42
  the
• 42:42
  right
• 42:42
  call
• 42:42
  for
• 42:43
  you.
• 42:43
  Another
• 42:43
  example
• 42:44
  is
• 42:44
  that
• 42:44
  some
• 42:44
  people
• 42:44
  think
• 42:45
  that
• 42:45
  this
• 42:46
  could
• 42:46
  mark
• 42:47
  the
• 42:47
  beginning
• 42:47
  of
• 42:48
  the
• 42:48
  end
• 42:48
  of
• 42:48
  America's
• 42:49
  dominance
• 42:50
  over
• 42:50
  the
• 42:50
  global
• 42:50
  market.
• 42:51
  And
• 42:52
  some
• 42:52
  people
• 42:52
  think
• 42:53
  it's
• 42:53
  the
• 42:53
  beginning
• 42:54
  of
• 42:54
  a
• 42:54
  green
• 42:55
  revolution
• 42:55
  with
• 42:56
  advances
• 42:56
  for
• 42:56
  renewable
• 42:57
  energy
• 42:57
  and
• 42:58
  electric
• 42:58
  cars.
• 43:00
  And
• 43:00
  some
• 43:00
  people
• 43:00
  think
• 43:00
  neither
• 43:01
  of
• 43:01
  those
• 43:01
  things
• 43:01
  are
• 43:01
  true,
• 43:01
  that
• 43:02
  it's
• 43:02
  a
• 43:02
  blip
• 43:02
  and
• 43:02
  everything
• 43:02
  will
• 43:03
  continue.
• 43:04
  If
• 43:04
  you
• 43:04
  do
• 43:05
  think
• 43:05
  it's
• 43:05
  the
• 43:05
  beginning
• 43:05
  of
• 43:05
  a
• 43:06
  change
• 43:06
  in
• 43:06
  whatever
• 43:07
  direction,
• 43:07
  then
• 43:08
  I
• 43:08
  don't
• 43:08
  think
• 43:09
  that
• 43:09
  means
• 43:09
  you
• 43:09
  need
• 43:09
  to
• 43:09
  do
• 43:10
  something
• 43:10
  drastic
• 43:10
  like
• 43:10
  selling
• 43:11
  everything.
• 43:11
  And
• 43:12
  selling
• 43:13
  while
• 43:13
  the
• 43:13
  market
• 43:13
  is
• 43:14
  in
• 43:14
  chaos
• 43:15
  is
• 43:15
  usually
• 43:16
  a
• 43:16
  bad
• 43:16
  idea.
• 43:17
  Even
• 43:17
  if
• 43:17
  you
• 43:17
  have
• 43:18
  really
• 43:18
  good
• 43:18
  reasons.
• 43:19
  It
• 43:19
  is
• 43:19
  usually
• 43:19
  a
• 43:19
  recipe
• 43:20
  for
• 43:20
  losing
• 43:20
  money.
• 43:21
  But
• 43:22
  you
• 43:22
  can
• 43:22
  do
• 43:22
  things
• 43:23
  like
• 43:24
  tilt
• 43:25
  instead.
• 43:25
  You
• 43:25
  just
• 43:26
  change
• 43:27
  where
• 43:28
  any
• 43:28
  new
• 43:28
  investments
• 43:29
  go.
• 43:31
  So
• 43:31
  if
• 43:31
  you're
• 43:32
  someone
• 43:32
  like
• 43:32
  me
• 43:32
  who
• 43:33
  has
• 43:33
  an
• 43:33
  automatic
• 43:33
  investment
• 43:34
  going
• 43:34
  in
• 43:34
  every
• 43:35
  fortnight,
• 43:36
  then
• 43:36
  you
• 43:36
  might
• 43:36
  just
• 43:37
  switch
• 43:37
  up
• 43:38
  where
• 43:38
  your
• 43:38
  new
• 43:38
  investments
• 43:39
  are
• 43:39
  going.
• 43:41
  Maybe
• 43:41
  you
• 43:41
  would
• 43:42
  be
• 43:42
  making
• 43:42
  it
• 43:42
  more
• 43:42
  global
• 43:43
  instead
• 43:43
  of
• 43:44
  US
• 43:44
  focused.
• 43:45
  Or
• 43:45
  you
• 43:46
  might
• 43:46
  look
• 43:46
  for
• 43:47
  a
• 43:47
  renewable
• 43:48
  energy
• 43:48
  fund
• 43:49
  or
• 43:50
  carmakers
• 43:51
  that
• 43:51
  have
• 43:52
  a
• 43:52
  really
• 43:52
  strong
• 43:53
  track
• 43:53
  record
• 43:54
  on
• 43:55
  EV
• 43:55
  sales.
• 43:56
  Or
• 43:56
  you
• 43:57
  might
• 43:57
  say,
• 43:57
  nope,
• 43:57
  I
• 43:58
  think
• 43:58
  it'll
• 43:58
  all
• 43:58
  go
• 43:58
  back
• 43:58
  to
• 43:58
  normal.
• 43:59
  In
• 43:59
  which
• 43:59
  case
• 43:59
  you
• 43:59
  just
• 43:59
  carry
• 43:59
  on.
• 44:00
  That's
• 44:00
  the
• 44:00
  easiest
• 44:01
  strategy
• 44:01
  of
• 44:01
  all.
• 44:01
  The
• 44:02
  other
• 44:02
  thing
• 44:02
  I
• 44:02
  really
• 44:02
  want
• 44:03
  you
• 44:03
  to
• 44:03
  remember
• 44:03
  is
• 44:04
  don't
• 44:04
  switch
• 44:05
  your
• 44:05
  kiwisaver
• 44:06
  from
• 44:06
  growth
• 44:06
  to
• 44:06
  conservative
• 44:07
  just
• 44:07
  because
• 44:08
  you're
• 44:08
  scared.
• 44:08
  I
• 44:08
  know
• 44:09
  it's
• 44:09
  the
• 44:09
  classic
• 44:09
  that
• 44:10
  we
• 44:10
  often
• 44:10
  all
• 44:10
  think
• 44:10
  we're
• 44:10
  super
• 44:11
  brave
• 44:11
  investors
• 44:11
  until
• 44:12
  we
• 44:12
  have
• 44:12
  our
• 44:13
  first
• 44:13
  couple
• 44:13
  of
• 44:13
  downturns.
• 44:14
  We
• 44:14
  see
• 44:14
  things
• 44:14
  going
• 44:15
  down
• 44:15
  in
• 44:15
  value
• 44:15
  and
• 44:16
  then
• 44:16
  it's
• 44:16
  terrifying
• 44:17
  and
• 44:17
  you
• 44:17
  feel
• 44:18
  like
• 44:18
  you're
• 44:18
  losing
• 44:19
  money,
• 44:20
  but
• 44:20
  the
• 44:20
  damage
• 44:21
  is
• 44:21
  already
• 44:21
  done.
• 44:22
  By
• 44:22
  the
• 44:22
  time
• 44:22
  you
• 44:22
  see
• 44:22
  it
• 44:23
  going
• 44:23
  down
• 44:23
  in
• 44:23
  value,
• 44:24
  it's
• 44:24
  too
• 44:25
  late.
• 44:26
  All
• 44:26
  you
• 44:26
  can
• 44:26
  do
• 44:27
  then
• 44:27
  is
• 44:28
  ride
• 44:28
  it
• 44:28
  out.
• 44:28
  If
• 44:29
  you
• 44:29
  move,
• 44:30
  you
• 44:30
  are
• 44:30
  just
• 44:30
  missing
• 44:31
  the
• 44:32
  bounce
• 44:32
  back
• 44:33
  that
• 44:33
  makes
• 44:34
  all
• 44:34
  of
• 44:34
  this
• 44:34
  scary
• 44:35
  chaos
• 44:36
  worthwhile.
• 44:36
  If
• 44:37
  you
• 44:37
  have
• 44:38
  five
• 44:38
  years
• 44:38
  or
• 44:39
  more
• 44:40
  until
• 44:40
  you
• 44:40
  need
• 44:41
  your
• 44:41
  kiwisaver
• 44:42
  or
• 44:42
  other
• 44:42
  retirement
• 44:43
  fund,
• 44:44
  moments
• 44:44
  like
• 44:45
  this
• 44:45
  is
• 44:47
  an
• 44:47
  unfortunate
• 44:48
  step
• 44:49
  on
• 44:49
  the
• 44:49
  path
• 44:50
  where
• 44:50
  you
• 44:51
  are
• 44:51
  laying
• 44:51
  the
• 44:51
  groundwork
• 44:52
  for
• 44:52
  getting
• 44:52
  money
• 44:53
  later.
• 44:54
  Turbulence
• 44:54
  is
• 44:55
  part
• 44:55
  of
• 44:55
  the
• 44:55
  journey,
• 44:56
  it's
• 44:56
  not
• 44:56
  a
• 44:56
  sign
• 44:56
  of
• 44:57
  the
• 44:57
  plane
• 44:57
  going
• 44:57
  down.
• 44:58
  The
• 44:58
  other
• 44:59
  reminder
• 44:59
  is
• 45:00
  to
• 45:00
  keep
• 45:00
  contributing.
• 45:01
  And
• 45:02
  this
• 45:02
  is
• 45:02
  why
• 45:02
  I
• 45:02
  recommend
• 45:03
  things
• 45:04
  like
• 45:04
  funds
• 45:05
  as
• 45:05
  the
• 45:05
  core
• 45:05
  of
• 45:06
  most
• 45:06
  people's
• 45:07
  investing
• 45:07
  strategy.
• 45:08
  Because
• 45:09
  your
• 45:10
  money
• 45:10
  is
• 45:10
  then
• 45:11
  automatically
• 45:12
  spread
• 45:13
  around
• 45:13
  and
• 45:14
  prepared
• 45:15
  for
• 45:15
  situations
• 45:16
  like
• 45:16
  this.
• 45:17
  What's
• 45:18
  called
• 45:18
  dollar
• 45:18
  cost
• 45:18
  averaging,
• 45:19
  which
• 45:19
  is
• 45:19
  just
• 45:19
  you
• 45:19
  put
• 45:19
  the
• 45:20
  same
• 45:20
  amount
• 45:20
  of
• 45:20
  money
• 45:21
  in
• 45:21
  at
• 45:21
  regular
• 45:22
  intervals,
• 45:22
  such
• 45:23
  as
• 45:24
  weekly
• 45:24
  or
• 45:25
  monthly.
• 45:26
  That
• 45:27
  means
• 45:27
  when
• 45:27
  you've
• 45:28
  got
• 45:28
  something
• 45:28
  like
• 45:29
  investing
• 45:29
  into
• 45:29
  funds
• 45:30
  and
• 45:30
  you're
• 45:30
  doing
• 45:30
  it
• 45:31
  by
• 45:31
  dollar
• 45:31
  cost
• 45:31
  averaging,
• 45:32
  those
• 45:32
  two
• 45:33
  strategies
• 45:33
  together
• 45:34
  work
• 45:35
  really
• 45:36
  well
• 45:37
  at
• 45:37
  a
• 45:37
  time
• 45:37
  like
• 45:37
  this.
• 45:38
  This
• 45:38
  is
• 45:38
  what
• 45:38
  it
• 45:38
  is
• 45:39
  built
• 45:39
  for,
• 45:40
  because
• 45:41
  you
• 45:41
  buy
• 45:41
  into
• 45:42
  the
• 45:42
  share
• 45:42
  market
• 45:42
  at
• 45:43
  a
• 45:43
  lower
• 45:43
  cost
• 45:44
  and
• 45:44
  you
• 45:44
  get
• 45:44
  yourself
• 45:45
  in
• 45:45
  the
• 45:45
  queue
• 45:46
  for
• 45:46
  the
• 45:47
  bounce
• 45:47
  back
• 45:47
  later,
• 45:48
  whether
• 45:49
  it
• 45:49
  takes
• 45:49
  months
• 45:50
  or
• 45:50
  years.
• 45:50
  And
• 45:51
  this
• 45:51
  is
• 45:51
  how
• 45:51
  KiwiSaver
• 45:52
  is
• 45:52
  set
• 45:52
  up.
• 45:52
  If
• 45:52
  you're
• 45:53
  using
• 45:53
  KiwiSaver,
• 45:54
  it's
• 45:54
  already
• 45:54
  doing
• 45:55
  this
• 45:55
  for
• 45:55
  you.
• 45:56
  So
• 45:57
  if
• 45:57
  you're
• 45:57
  using
• 45:57
  those
• 45:58
  strategies,
• 45:59
  then
• 45:59
  you
• 45:59
  are
• 45:59
  already
• 46:00
  planning
• 46:01
  for
• 46:02
  shocks
• 46:03
  like
• 46:03
  this
• 46:04
  one.
• 46:04
  Your
• 46:04
  money
• 46:04
  is
• 46:05
  already
• 46:05
  set
• 46:05
  up
• 46:05
  and
• 46:06
  protected
• 46:07
  for
• 46:07
  these
• 46:07
  moments
• 46:08
  in
• 46:08
  a
• 46:09
  way
• 46:09
  that
• 46:10
  not
• 46:11
  only
• 46:11
  protects
• 46:11
  you
• 46:12
  in
• 46:12
  the
• 46:12
  moment,
• 46:13
  but
• 46:13
  it
• 46:13
  helps
• 46:14
  you
• 46:14
  make
• 46:14
  money
• 46:15
  from
• 46:15
  it
• 46:15
  in
• 46:16
  the
• 46:16
  long
• 46:16
  run.
• 46:17
  Big
• 46:18
  picture
• 46:18
  takeaway
• 46:19
  on
• 46:19
  investing
• 46:20
  is
• 46:21
  staying
• 46:21
  in
• 46:21
  the
• 46:21
  game.
• 46:22
  The
• 46:23
  240%
• 46:24
  return
• 46:24
  for
• 46:24
  KiwiSavers
• 46:26
  went
• 46:26
  to
• 46:27
  the
• 46:27
  people
• 46:27
  who
• 46:27
  stayed
• 46:28
  in
• 46:28
  the
• 46:28
  game,
• 46:29
  not
• 46:29
  the
• 46:29
  ones
• 46:29
  who
• 46:29
  got
• 46:30
  out
• 46:30
  when
• 46:30
  it
• 46:30
  got
• 46:30
  scary,
• 46:31
  the
• 46:32
  ones
• 46:32
  who
• 46:32
  stuck
• 46:32
  around
• 46:33
  gritted
• 46:34
  through
• 46:34
  it.
• 46:35
  So
• 46:36
  transport,
• 46:37
  food,
• 46:37
  jobs,
• 46:38
  mortgages,
• 46:39
  investments,
• 46:39
  yes,
• 46:40
  they're
• 46:41
  all
• 46:41
  going
• 46:41
  to
• 46:42
  be
• 46:42
  impacted
• 46:42
  in
• 46:43
  some
• 46:43
  way
• 46:44
  by
• 46:44
  the
• 46:44
  war
• 46:45
  in
• 46:45
  Iran
• 46:46
  in
• 46:46
  different
• 46:46
  ways,
• 46:47
  and
• 46:48
  many
• 46:48
  of
• 46:48
  them
• 46:48
  in
• 46:48
  unpredictable
• 46:49
  ways,
• 46:50
  because
• 46:50
  the
• 46:50
  situation
• 46:51
  itself
• 46:52
  is
• 46:52
  unpredictable.
• 46:53
  But
• 46:53
  these
• 46:54
  tactics
• 46:55
  mean
• 46:55
  you
• 46:55
  can
• 46:55
  make
• 46:56
  your
• 46:56
  own
• 46:57
  situation
• 46:58
  more
• 46:58
  stable,
• 46:59
  at
• 46:59
  least
• 47:00
  able
• 47:00
  to
• 47:01
  withstand
• 47:01
  these
• 47:02
  shocks
• 47:03
  and
• 47:03
  get
• 47:03
  by
• 47:04
  whether
• 47:05
  we
• 47:05
  end
• 47:05
  up
• 47:05
  with
• 47:05
  that
• 47:06
  best
• 47:06
  case
• 47:06
  or
• 47:07
  worst
• 47:07
  case
• 47:07
  scenario
• 47:08
  that's
• 47:08
  coming.
• 47:09
  And
• 47:09
  it's
• 47:10
  pretty
• 47:10
  clear
• 47:10
  that
• 47:11
  the
• 47:11
  financial
• 47:11
  impacts
• 47:12
  of
• 47:12
  this
• 47:12
  aren't
• 47:13
  going
• 47:13
  away
• 47:13
  anytime
• 47:14
  soon,
• 47:15
  not
• 47:15
  even
• 47:15
  in
• 47:15
  the
• 47:15
  medium
• 47:16
  term.
• 47:17
  So
• 47:17
  getting
• 47:17
  ahead
• 47:18
  of
• 47:18
  it,
• 47:18
  getting
• 47:18
  sorted
• 47:20
  now
• 47:20
  is
• 47:22
  it's
• 47:22
  just
• 47:23
  smart
• 47:23
  planning.
• 47:24
  It's
• 47:24
  just
• 47:25
  seeing
• 47:25
  what
• 47:25
  the
• 47:25
  situation
• 47:26
  is
• 47:26
  and
• 47:27
  getting
• 47:27
  prepared
• 47:27
  for
• 47:27
  it.
• 47:28
  And
• 47:28
  that
• 47:28
  actually
• 47:29
  also
• 47:29
  helps
• 47:29
  reduce
• 47:30
  any
• 47:30
  feelings
• 47:31
  of
• 47:31
  stress.
• 47:32
  And
• 47:32
  panic
• 47:32
  because
• 47:33
  you
• 47:34
  know
• 47:34
  that
• 47:34
  you've
• 47:35
  locked
• 47:35
  your
• 47:35
  own
• 47:35
  situation
• 47:36
  down
• 47:36
  as
• 47:36
  much
• 47:36
  as
• 47:36
  you
• 47:36
  can,
• 47:37
  and
• 47:37
  it
• 47:37
  frees
• 47:37
  you
• 47:37
  up
• 47:38
  for
• 47:38
  thinking
• 47:38
  about
• 47:38
  the
• 47:38
  other
• 47:39
  things
• 47:39
  that
• 47:39
  are
• 47:40
  also
• 47:41
  impacted
• 47:41
  by
• 47:41
  this,
• 47:42
  all
• 47:42
  the
• 47:42
  rest
• 47:42
  of
• 47:42
  it.
• 47:43
  So
• 47:44
  tell
• 47:44
  your
• 47:44
  friends
• 47:44
  as
• 47:45
  well
• 47:45
  share
• 47:45
  this
• 47:45
  episode
• 47:46
  with
• 47:46
  them
• 47:46
  so
• 47:46
  they
• 47:46
  can
• 47:47
  all
• 47:47
  prepare
• 47:47
  as
• 47:48
  well
• 47:48
  in
• 47:49
  whatever
• 47:49
  way
• 47:49
  helps
• 47:50
  them
• 47:50
  the
• 47:50
  most.
• 47:50
  We
• 47:50
  control
• 47:51
  what
• 47:51
  we
• 47:51
  can
• 47:51
  control.
• 47:52
  That's
• 47:53
  all
• 47:53
  we
• 47:53
  can
• 47:53
  do.
• 47:53
  Until
• 47:54
  next
• 47:54
  time.
• 47:54
  Have
• 47:54
  a
• 47:55
  great
• 47:55
  day.
• 47:57
  This
• 47:57
  podcast
• 47:58
  can
• 47:58
  only
• 47:58
  give
• 47:58
  you
• 47:58
  general
• 47:59
  information
• 47:59
  about
• 48:00
  how
• 48:00
  things
• 48:00
  work
• 48:01
  in
• 48:01
  most
• 48:01
  situations.
• 48:02
  It's
• 48:03
  not
• 48:03
  individual
• 48:03
  financial
• 48:04
  advice.
• 48:05
  If
• 48:05
  you're
• 48:05
  after
• 48:05
  that,
• 48:06
  a
• 48:06
  financial
• 48:06
  advisor
• 48:07
  is
• 48:07
  always
• 48:07
  the
• 48:08
  best
• 48:08
  bet.