KiwiSaver Hardship Rising & Car Loan Carnage w David Verry (Financial Mentor)

David is back to teach us about exploitative car loans, and one lender who is now being prosecuted by the Commerce Commission. We can all learn what to look out for when taking on debt.We also discuss how KiwiSaver hardship applications are also on the rise, with more people turning to their retirement savings to manage debt, cover legal costs, or cope with reduced income. We discuss the limitations of this approach, how it often leaves broader financial issues unresolved, and the thing David sees that that upsets him the most.We also again highlight the importance of free, confidential, and non-judgmental budget services like MoneyTalks, available to everyone in NZ. I have a goal to help 100,000 Kiwis improve their financial literacy. Generate KiwiSaver Scheme has sponsored Keep The Change to help me reach more people and make this a reality. Cheers Generate. Head to generatekiwisaver.co.nz/change to find out more.. Hosted on Acast. See acast.com/privacy for more information.

Om Podcasten

Keep The Change - improving Kiwis financial literacy. Ever wanted to learn more about money, the economy, finances and how to have a better financial life? Now you can. This is one of New Zealand's leading financial learning podcasts. I (Luke) wanted to share insights from my life, my role as a Chartered Accountant with successful and failing clients as well as a look at all of the dumb sh!t I have done along the way too. There is also a read of the weekly 'Money Mail' lesson. Please take action :) You can subscribe to the weekly Money Mail lessons that come out at 9am every Friday. See Keepthechange.co.nz FOLLOW ►Instagram https://www.instagram.com/keepthechange_nz/Tik Tok + Facebook + LinkedInCheck Out My Accounting Practice: www.nextadvisory.nz Hosted on Acast. See acast.com/privacy for more information.