Sharing The Money Love

3 minutes read
Posted 5 May, 2023
Participants in a Cash Flow Hubs course get their head around the money strategies in a game of CashFlow in Queenstown. 2

Participants in a Cash Flow Hub’s course get their head around the money strategies in a game of CashFlow in Queenstown

A couple of Queenstown-raised brothers, who owned several local rental properties each by their late 20s, are showing young people how to be cash savvy after huge demand from others wanting to know their secrets.

Marcus, 30, and Joel Hillary, whose just turned 29, have launched their Cash Flow Hub courses locally, largely out of their own pockets for a minimal meeting room fee, to try and help other young people and change their mindset about money.

The demand’s been huge already with rising living costs and inflation bringing a whole new awareness and concern among those starting out.

“We definitely don’t give advice as we’re not financial consultants, but we just pass on what we were taught by Mum and Dad right from high school age,” says Marcus. It’s all about teaching and learning in a fun way through a game their parents’ bought them for that very reason, called CashFlow. Created by Robert Kiyosaki, author of Rich Dad, Poor Dad, the game teaches how to differentiate wisely between asset and liability in a fun way.

“These are basic money principles that aren’t taught in the current education system and we want to help other young people get to where we are,” says Marcus, a local architectural designer. They’ve already been speaking with teachers at Wakatipu High School in the hope of sharing the money love with local teens, either after school or in the holidays. They’re offering a cost-free course to any teachers first so they can understand the principles.

“It’s our heart to show young people what true liabilities and assets are, and to start young in a small way then those little trickles of income soon turn into streams,” says Joel.

“Our culture can be almost brainwashed to purchase a car and when people talk to their bank it’s listed as an asset, but without a taxi sign on top it’s actually a liability,” he says. “We’re giving young people the tools and strategies to look at money in a different way.”

While the brothers have both done their own studies on the topic, they say they owe it to their parents, Mark and Julie, for teaching them young with the aim to have their assets work for them.

Joel says he and his wife were able to take most of last year off to travel around the North Island on a Christian mission trip, while income streamed in.

“Whatever your chosen profession – janitor, teacher, lawyer, everybody can be successful using similar strategies,” says Joel.

“So many of our 20-something people locally were asking us how we got where we are and we’d meet them for free over a coffee to play the game and share our experiences,” says Marcus. “It was getting to the point where we decided let’s do groups instead.”

They’ve already run many courses and on occasion bring various investment experts in for a Q & A, but they say their main focus is on helping young people get a start and be wise with money.

To register for a Cash Flow Hub email: cashflowclubnz@gmail.com

Meanwhile, the huge demand for financial savvy has seen Frankton Library’s free Financial Literacy Workshops with ASB Community Banker Shyla Hona filling up fast. Held from March until June, the monthly workshops have so far covered Everyday Money Tips and last week (April 27) Getting Savvy With Savings. May’s workshop is on Borrowing Smart and Paying Off Debt with the June workshop targeting First Home Buyers.

Frankton Library Team Leader Jess Payne says there was only one slot of the monthly 10 left a week out from last week’s session.

“Our librarians have seen an increased community demand for books on financial literacy,” she says. “We did a display of books related to this topic and they just walked off the shelf so we had to go out and buy more. There’s so much demand.”

She says the library is seeing a lot of holds for the likes of The Barefoot Investor.

Shyla’s workshops are designed to help whanau into the mindset of forming a healthy relationship with money, and to create better financial habits through setting goals and actions.

“We offered these in response to the need within the community,” says Jess. “I think a lot of people are struggling financially at the moment and they’re looking at ways to manage their finances better.”

For further information see: https://codc-qldc.govt.nz/whats-on/financial-literacy-workshops-frankton

Joel Hillary centre explains the strategies in CashFlow to participants in a Cash Flow Hub course in Queenstown.2
Joel left and Marcus standing explain the strategies of CashFlow at a Cash Flow Hub course in Queenstown

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