How To Save $100,000 & Is Buying a Property Overrated? Luke Kemeys DEBUNKS Money & Finance Myths

Dom Harvey

  • Oct 5, 2024
  • 2:07:24
  • Full Episode

Luke Kemeys is a kid from Dannevirke who has become the voice of financial literacy for New Zealand.

In case you don’t know the name, here is a part of Luke's CV so far:

He is the driving force behind the juggernaut betting syndicate called Boys Get Paid.

He hosts New Zealand’s biggest financial podcast, Keep the Change.

And runs his own accounting business Next Advisory.

This is kind of a podcast of two halves- the first part is the Luke Kemeys story.

The second part is where Luke answers YOUR questions about money. This is super informative with great takeaways for all of us.

I’ve followed Luke for ages. But this is the first time we met. He is a Kiwi who is striving for growth and greatness and is refusing to put any limits on how big he can think. You can love him or hate him- he is too busy working on himself to care!

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Thanks to my show sponsors- Generate, the award-winning KiwiSaver specialists.

Chances are you have not been making the most of your KiwiSaver.

But checking if you’re in the right fund and making the most of your account can really boost your retirement lifestyle. And that’s where Generate can help.

Their KiwiSaver advisers can meet with you in person or remotely. Anywhere, anyplace and anytime to go over your options, and make sure your investment is working for you. It’ll take 30 minutes at most, and it could be the best investment you ever make for your future self.

Request a no-obligation chat with one of their advisers. Head to:

A copy of their product disclosure statement is available on their website. The issuer of the scheme is Generate Investment Management Limited and past performance does not guarantee future returns.

**The views, thoughts, and opinions expressed in this podcast belong solely to the host and guests and may not reflect the views of the show sponsors**

CHAPTERS:

00:00 Financial Literacy and Personal Growth 06:20 Journey to Becoming an Accountant 17:14 Lessons in Money and Materialism 24:35 Coping With Trauma and Resilience 34:27 Betting Syndicate Growth and Evolution 40:41 Strategies and Setbacks in Betting 44:40 Community Building Through Boys Get Paid 47:23 Building Communities and Business Success 57:14 Entrepreneurship, Relationships, and Communication 01:04:13 Podcasting, Sponsorship, and Future Goals 01:16:26 Overcoming Skepticism and Taking Action 01:26:25 Getting Started With Investing and Savings 01:38:33 Multiple Income Streams for Financial Growth 01:45:23 Property Investment and Managing Debt 01:50:56 Debating the Ethics of Wealth 01:56:37 Money Mindsets and Retirement Plans

Brief Summary

Luke Kimy discusses financial literacy, his entrepreneurial journey, and the importance of community in business.

Key points

  • Helping 100,000 Kiwis. Aiming to improve financial literacy for a large number of New Zealanders.
  • First Experience in a New Place. A moment of realization about belonging in a new environment.
  • Confronting Trauma. The speaker reflects on a traumatic experience and its impact on their view of life.
  • Turning Point of Life. Understanding my capability to handle tough situations changed my perspective.
  • Boys Get Paid Community. The Facebook group evolved into a community that connects people beyond gambling.
  • Understanding Financial Literacy. The importance of knowing your numbers for business success and growth.

Episode highlights

Tension

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