I think it’s safe to say many people will be feeling nervous about the coming days, weeks and months with the Coronavirus (COVID-19) outbreak and the impact it may have on ourselves and families.

Of primary importance will be our health. Secondary to this will be worries about money and the potential economic impact on our places of work and therefore our own pay packets.

I have never been one to scaremonger, but I do like to talk freely. I am worried…

I have a vivid memory of the last time I felt like this. I was at St Lukes Shopping Centre in Auckland, where I sat and watched shoppers pass me by. They were happy, carrying shopping bags, seemingly not a care in the world. I felt sick to my stomach knowing our world was about to change. I knew it, they didn’t.

What followed was the Global Financial Crisis (GFC) of 2007/2008. The global financial system nearly collapsed and the world suffered a massive economic downturn.

Why am I looking back on this? Well, we learned a lot from the GFC and as a result, through regulation, the New Zealand financial system is a lot more robust than in 2007/2008. So, although this time around it’s normal for you to feel anxious and nervous, please understand that New Zealand is facing this from a stronger position than previously.

We have created a Help Page with links to resources that can help…just a small way to help those around us.

Take care NZ!

Kind regards,
Tracey Hunter

About the author

Tracey Hunter is the Co-founder and CEO of Love My Money and a specialist in personal wealth creation. She is an engaging energetic business person widely experienced in aspects of the financial services industry. Tracey holds a Bachelor of Commerce, is a Registered Financial Adviser and a noted businesswoman and public speaker. Her passion is to help as many people as she can to 'love their finances and change their lives'