Chris Walsh

You have to save up by $1,000 before you have paid off your loan.

So when you leave the loan, they don't write to you and say, oh, you've been pre-approved for a new loan.

No, here's your $1,000.

But they're the only ones that do that.

And I would love to see that as the law.

Like, oh, great.

If you're going to borrow 10 grand for a car, can we have, when that car's paid off, you paid all this interest anyway, you paid all this, have three grand.

How hard would that be?

And then it gives people some sort of deposit because they have the asset as well as that.

And yes, the prices go up.

This gives people choices.

The foundation really has to be start with that emergency fund.

It's very difficult to take investing seriously when you're paying off a high interest credit card.

a long-term credit card, a car loan, a personal loan, because your returns aren't going to be probably as high as 22% a year or in some cases 30% a year.

Look at what you're actually earning, look at what your debts are and focus on reducing those.

And that will be more profitable, I believe, than any investment.

And this is why New Zealand's in a situation of a few problems.

Well, there seems to be a massive focus on fuel costs here.

And I know it's topical, but every night...

every night the running update it's like how many yeah exactly the running out date oh we've secured some more and then but pressable prices how is this because in Europe and I've come from the US there's not this focus and they actually have the war actually I was in the US when the war broke out and I was in this village and like life was normal because we woke up and like oh my oh my days they've blown up the Ayatollah like compound and