Wednesday, December 29, 2010

New kid on the Block

I am privileged to have been invited to join Brent on eye2thelongrun. As a graduate, one thing I have most definitely learnt is about the problem New Zealand has because Kiwi’s do not seem to have their eye on the long run. Spending today is much more attractive than spending tomorrow right? Well yes, it seems that way.  It is comforting to read on Stuff.co.nz:

Kiwis vow to save more

‘The latest Fly Buys poll, carried out by Colmar Brunton, found the most popular New Year's resolution was increasing savings with 58 percent of New Zealanders choosing to focus on that in 2011.’

 

Can we increase savings enough to decrease our reliability on foreign debt?

Stefan

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