Here’s why you shouldn’t freak out in the face of rising interest rates

by | Dec 14, 2022 | Managing Your Mortgage

Lloyd Burr Live with Hannah McQueen

Please note that this content has been designed for informational purposes only and does not constitute individual financial advice.

There’s a fair bit of doom and gloom out in the media when it comes to the New Zealand economy. But then the media does like to be a little sensationalist, doesn’t it?

With talk of recession and increasing unemployment, it’s not unnatural to feel a little worried and wondering how you’ll make your dollars stretch.

While it’s easy to let the headlines overwhelm you, you may want to heed the words of Hannah McQueen from her latest conversation with Lloyd Burr on TodayFM: “We don’t want you to let the negative stuff take over or ignore it. But at the same time, we don’t want you to pause everything.”

You don’t want to pause everything as inaction could pose a risk to your financial future. And when making decisions around your finances, it’s important you understand the implications of those decisions – even if that decision is ‘do nothing’.

And despite the headlines, there will likely be opportunities for making progress in 2023 – if you know where to look for them and how to take advantage of them. Talking to a financial adviser could be the first step in discovering what those opportunities are.

Listen to Hannah’s full conversation with Lloyd Burr below to hear more.

 

Disclaimer: This blog post is for informational purposes only and does not constitute individual financial advice. If you’re interested in receiving personalised financial advice, you can book in a consultation with an enable.me coach. Costs apply.

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