The #1 Money Mistake Keeping Kiwis Poor
Somewhere along the way, New Zealanders started telling themselves a comforting lie:
"My house is my investment."
And that's where the problem begins.
In this video, Ed explains:
● The difference between lifestyle assets and investments (your house is not an investment)
● Why owning a $1 million mortgage-free home doesn't mean you're wealthy
● The upgrade trap — where you redirect money into lifestyle instead of investments every time you earn more
● Why dead equity in your house could be working harder somewhere else
● And the real-life maths: paying off your mortgage vs investing early (same money, $70,000 difference)
Ed's not saying don't buy a house. But having a big house — by itself — is not a retirement plan.
The goal isn't to look wealthy. It's to build freedom.
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Related videos in this series
How to 5x your returns in property investing⎥Ep. 2020
How to 5x your returns in property investing⎥Ep. 2020Am I middle class?⎥Ep. 2013
Am I middle class?⎥Ep. 2013