Free event promotes financial resilience
Futurebound, a mortgage advisory business, is hosting a virtual summit to address the cost-of-living crisis affecting many homeowners in New Zealand.
Jacque Elias (pictured above), managing director and co-founder of Futurebound, aims to use this summit to position the business as a leader in promoting financial education in addition to providing advisory services.
The company had previously launched Futurebound Academy, a membership program that promotes financial literacy and mortgage debt reduction coaching and education in Tawa, Wellington.
Free summit raises awareness of financial resilience
Scheduled for Aug. 15-18, Futurebound and its partners will be raising awareness of financial resilience during this year’s Money Month campaign through the My Abundant Life Virtual Summit.
Sorted Money Month is a yearly Te Ara Ahunga Ora Retirement Commission campaign that runs throughout the month of August. It aims to increase awareness and engagement about money management, habits, wealth building and much more.
The free summit teaches Kiwis how to reduce their cost of living, grow their wealth safely, and give their families the lifestyle they deserve.
Each day will cover a different theme: Financial Freedom Foundations; Build Wealth With Investments; Health, Home and Happiness; and Abundant Life Planning.
A line up of 21 experts from the industries of finance, business, investment, and lifestyle will be speaking on:
- how to build financial resilience
- how to protect yourself while wealth building
- how to actually achieve proper work-life balance
- and hacks to save more money than you thought possible
Survive till ’25
The overall theme of the summit is “Survive till ‘25...”, which, according to the event organisers, has become a prominent strategy for New Zealanders to wait out the current economic turmoil.
“The duration of this cost of living crisis has caught a lot of us off-guard. The recession was anticipated to be short and quick... instead interest rates have continued to climb alongside food prices, fuel prices, energy prices – everything but wages,” the event organisers said.
“The Reserve Bank has held the official cash rate steady at 5.5% and hints towards small rate cuts being expected as soon as the end of this year, so the future is looking a little more rosy.”
Elias said that this virtual summit aims to put many desperate kiwis back into the driver's seat when it comes to their finances.
“The Survive to 2025 mantra is resonating with a lot of people right now,” said Elias, whose company saved $17 million in interest payments last year.
“Those losing jobs, those living paycheque to paycheque, and those having to forfeit on everyday items that were once necessities, but are now considered luxuries. Can we do more than just sit tight and wait it out? Of course we can.”
