Podcasts about laybuy

In this week's podcast Damien discusses the various ways to get on the property ladder in 2024. Damien explains the different types of mortgage products that are available for first time buyers as well as the various government schemes. Damien also discusses the collapse of Buy Now, Pay Later firm Laybuy and the implications for customers.   Damien then explains the rules around expenses and compensation if you experience a delayed or cancelled flight. In a podcast first, you can access an extra section of the podcast by clicking the link below and watching our podcast on the Money to the Masses YouTube channel (Don't forget to like and subscribe while you are there) Watch the whole show on YouTube here: https://youtu.be/t5StpXPLwWI   Check out this week's podcast article on the MTTM website to see the full list of resources from this week's show.   Follow Money to the Masses on social media:   YouTube - https://www.youtube.com/moneytothemasses Facebook - https://www.facebook.com/moneytothemasses Instagram - https://www.instagram.com/moneytothemasses Twitter - https://twitter.com/money2themasses Tik Tok - https://www.tiktok.com/@moneytothemasses   Support the podcast You can now support the MTTM podcast by visiting our dedicated podcast page when making any financial decision.   You may already compare products and services online and make purchases but by doing so via our dedicated page you might not only save money but could also earn cashback or take advantage of exclusive offers for MTTM listeners.   Every time you use a link on the page we may earn a small amount of money for our podcast. We only use affiliate links that give you an identical (or better) deal than going direct. Thank you for being an incredible part of our community. Your support means the world to us.   Support the show by visiting and bookmarking our dedicated podcast page: Money to the Masses Dedicated Podcast Page - Click to support the show Resources: Links referred to in the podcast: MTTM Deals Page What are guarantor mortgages? Concessionary mortgages explained  First time buyer guide Manchester Airport power cut compensation: What are your rights? Buy Now, Pay Later firm LayBuy enters administration

LayBuy is one of those companies that lets you to get the goods upfront and spread your payments over a number of weeks, however, the cost of living crunch and fierce online competition is taking its toll, Devon Funds head of retail, Greg Smith speaks to Lisa Owen.

After a meteoric rise during the post-pandemic economic boom, the air has started to come out of the buy-now-pay-later market, with service LayBuy announcing it is appointing receivers.

The end of buy now, pay later provider Laybuy is being described as sad by experts. The company has been put into receivership and services have been suspended.  Retail NZ Chief Executive Carolyn Young says the sector has been impacted by decreased spending and reduced consumer confidence. "We are in a really difficult environment in terms of retail... people just don't have the money in their wallets, and they're not prepared, cause they're buying on credit." LISTEN ABOVESee omnystudio.com/listener for privacy information.

The end of buy now, pay later provider Laybuy is being described as sad by experts. The company has been put into receivership and services have been suspended.  Retail NZ Chief Executive Carolyn Young says the sector has been impacted by decreased spending and reduced consumer confidence. "We are in a really difficult environment in terms of retail... people just don't have the money in their wallets, and they're not prepared, cause they're buying on credit." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Join us in this insightful episode as we journey through the evolution of payments, from magnetic stripes to the mobile and e-commerce era. Our guest, Phillip Finnegan, a distinguished global expert in payments, shares his wealth of experience gained from leading organizations like First Data, clear2Pay, FIS, Temenos, and Laybuy. Now at the helm of Narrock, Phillip provides strategic advice on leveraging payment technologies for business growth. Discover the complexities of executing transactions, challenges faced by organizations with legacy systems, and the crucial role of change management in driving major innovations. Don't miss this deep dive into the world of payments with a true industry luminary! #changemanagement #leadership #leadingchangepodcast #leadingedgeglobal #change #innovation Chapters: 0:00 - Intro - What are digital Payments? 10:30 - The importance of Upkeep for older platforms 12:40 - Payment Change Projects & Change Leaders 15:25 - Key success Factors 17:20 - All About NPP 21:30 - AUS vs International Transactions 23:20 - Cross Border Payments 26:00 - Payment Friction is Essential 31:00 - Payment Transformation Project Example 39:40 - Technology Obsessed Problems 41:25 - The Future of Digital Payments Links: Episode relevant links go here Remember, change is not just about adaptation; it's about seizing opportunities and propelling our organisation into a future of boundless growth. "Leading Change" is your compass, your source of inspiration, and your toolkit for navigating the uncharted waters of change. Subscribe, Listen, and Ignite Change Today!

The Commerce Minister's worried Buy Now Pay Later schemes are too easy to access when people are already in debt, but for now he's monitoring the situation. A recent trend has seen people using the services to buy Prezzy cards and then use those to shop for essentials like groceries. The likes of After Pay, Laybuy and ZipPay, allow people to buy good or services now, but pay for them later in a series of instalments over several weeks. There's no interest but people can face penalties for defaulting on payments. Minister of Commerce and Consumer Affairs Andrew Bayly speaks to Lisa Owen. [embed] https://players.brightcove.net/6093072280001/default_default/index.html?videoId=6345910248112

Some shoppers struggling to cover their grocery bills have found a work around that lets them use buy now pay later services to cover food and other essentials at stores that don't actually offer the payment service. The likes of After Pay, Laybuy and ZipPay, allow people to buy good or services now, but pay for them later in a series of instalments over several weeks. Unlike credit cards there's no interest, but people can be charged late fees if they default. Sandy Fage, the manager of the Whanganui Budget Advisory Service, speaks to Lisa Owen [embed] https://players.brightcove.net/6093072280001/default_default/index.html?videoId=6345794519112

This week, the show is taking a brief break, gearing up for the exciting new year ahead and crafting super fun episodes for your bookkeeping and business matters. With that in mind, let's take a stroll down memory lane to a classic episode, number seven, Where we delved into the unique challenges of e commerce accounting.In this episode, I'm sharing the eCommerce accounting challenges that you'll come across as a business owner running your business online. I share the common mistakes I see when eCommerce small businesses are DIYing their books to help you avoid wasting time and energy fixing everything. So, what do you do with all of the different fees you pay? There are so many payment methods that keep their cut before passing you the net amount into your bank, including AfterPay, LayBuy, and Shopify. Most of these fees can't be automated or integrated in any way so you need to find out exactly what the fees were and manually add them in followed by increasing your sales by the same amount. I'll run you through the two main reasons you need to ensure you're including all of the fees you're paying. We'll go on to explore your payment providers (including PayPal), what GST you can claim (if any) on fees and how it impacts your BAS, tracking inventory with systems and processes, and if you should integrate your sales platform with your accounting software. Tune in and find out how to handle all of the eCommerce accounting challenges you're facing to make sure you've got it all covered and avoid increasing your workload with unnecessary effort and cost! Enjoy this blast from the past, gain valuable insights and stay one step ahead. Then get ready for a wave of fresh new episodes hitting your ears from next week or next year, if you're tuning in on its release day.LINKS:Previous episode mentioned: My Top Tips for a smooth EOFYWhat the heck is GST and when should I registerInstagram:@accountedforyouWebsite:https://accountedforyou.com.au/

In this episode, you'll learn how 'Buy Now, Pay Later' services like Afterpay and Laybuy can stop you from buying property. Buy you'll also learn how to reverse their effects before submitting your mortgage application. And click ⁠⁠⁠⁠here⁠⁠⁠⁠ to see all the charts and other info in the written article on the Opes website.

In this episode of Money Made Simple, Liv and Jennie are tackling debt! This episode is part one of two, focusing first on what we call the "bad" type.  Acknowledging that things aren't always as black and white as "good debt" or "bad debt", they explain why they are making this distinction and what the implications of bad debt are, in the short and long term.This week's episode covers:What exactly we mean by "bad" vs "good" debt The long-term impacts of bad debtThe pros and cons of credit cards and buy now pay later (BNPL) schemes like Laybuy or Afterpay Some handy (and maybe not so obvious) tips for tackling debtHow credit cards MIGHT sometimes be useful (hint - you need to be REALLY disciplined!) Resources we mention in this episode:Sam Stubbs' Money Made Simple ebookWe hope that by the end of this episode, you can start to differentiate between different types of debt, and their impacts on your finances over the long term. In this way you can start to cut bad debt out of your life, for good! And live happily ever after (too far, we know, felt cute). %) ---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

The Government is defending softer rules for Buy Now, Pay Later lenders than initially promised. Providers like AfterPay and LayBuy will soon be made to complete a credit report for new customers. It had proposed full affordability assessments to force providers to check shoppers can afford debt repayments. The lenders offer people interest-free loans and make money by charging when payments are missed. Consumer Affairs Minister Duncan Webb says a full assessment would have been too cumbersome. "We want to make sure that we get a proportionate regulation, and they do need to check whether there's defaults and other card and things like that." LISTEN ABOVE See omnystudio.com/listener for privacy information.

In this episode of the WFLS podcast we chat with Justin Soong. Justin is the founder of Authsignal, an engineer by craft, and product and customers are his passion. He is no stranger to success as Justin has been part of multiple FinTech successes in Australasia. Justin has been CTO of ASX-listed NZ company Laybuy. Was a vital member of the team working on the Afterpay code base at Paloma Group, and launching P2P lending at Harmoney. During this journey Justin's teams have processed billions dollars of payments and lending, and he's taken his learnings from scaling and managing risk consumer applications into Authsignal. We talk about why he decided to found AuthSignal with Paloma Ventures and how he loved it. Justin shared many lessons on his journey and his information share is doing Toast Masters. Please help us to continue producing these podcasts by subscribing. Thank you and enjoy the episode.

In this episode of the Redefining Sales podcast, join us as we sit down with Tim Warren, co-founder and CEO of Ambit. This AI platform develops AI-powered chatbots for retailers, financial services firms, and utilities. With an impressive background in the field, Tim is adept at separating AI hype from reality and providing valuable insights into the use cases and metrics that brands should consider when deploying AI technologies.    Ambit's chatbots are built on the GPT-3 language model, the same cutting-edge technology that powers 'ChatGPT'. Renowned brands such as Laybuy, Glassons, and NZ Post have leveraged Ambit's chatbot solutions to tackle similar challenges, including delivering consistent customer service 24/7, even during periods of high demand caused by weather events or online sales.    We delve into: Impactful Growth Strategy at Ambit Leveraging Technology for Sales in FY24 How AI Transforming the sales process Overcoming Frustrations in Customer Service Balancing Embracing Technology and Market Fears Embracing AI-powered chatbots    Join us for an enlightening discussion on how AI can revolutionize customer experiences, drive business growth, and navigate the evolving technological landscape.  Check out Tim:  ► Website: https://www.ambit.ai/about   ► LinkedIn: https://www.linkedin.com/in/tswarren/?originalSubdomain=nz   Join Rev Up: ► https://salesredefined.com.au/rev-up/https://salesredefined.com.au/rev-up/ Follow Sales Redefined on:  ► LinkedIn: https://www.linkedin.com/company/salesredefined/  ► Subscribe to SMarketing Lowdown  ► Download the whitepaper here: https://whitepaper.salesredefined.com.au   Enjoyed this episode and want more?  ► Redefining Sales Podcast Playlist: https://tinyurl.com/Redefining-Sales-Podcast 

Credit bureau Centrix has teamed up with the country's leading buy now, pay later providers to keep users out of financial trouble. PayWatch is a credit reporting system that will allow leading BNPL providers Afterpay, Zip and Laybuy to share overdue account data and flag borrowers behind on payments. Centrix chief operating officer Monika Lacey says PayWatch will enable buy now, pay later providers to have better visibility of consumers who might be experiencing financial distress. "Effectively, we've done some work with Laybuy, Zip and Afterpay, whereby they share with us every active customer who's in arrears on the day, so it's a dynamic data feed that refreshes daily."  LISTEN ABOVESee omnystudio.com/listener for privacy information.

Credit bureau Centrix has teamed up with the country's leading buy now, pay later providers to keep users out of financial trouble. PayWatch is a credit reporting system that will allow leading BNPL providers Afterpay, Zip and Laybuy to share overdue account data and flag borrowers behind on payments. Centrix chief operating officer Monika Lacey says PayWatch will enable buy now, pay later providers to have better visibility of consumers who might be experiencing financial distress. "Effectively, we've done some work with Laybuy, Zip and Afterpay, whereby they share with us every active customer who's in arrears on the day, so it's a dynamic data feed that refreshes daily."  LISTEN ABOVESee omnystudio.com/listener for privacy information.

Just a couple of years ago there was huge excitement about buy now pay later (BNPL) companies. Via smartphone applications, or apps, their buy now and pay over installments service0 was drawing in consumers and worrying banks.The high water mark saw US payments company Square, now Block, strike a US$29 billion deal to acquire Australian BNPL service provider Afterpay in August 2021.But 18 months on the picture is very different with several BNPL companies in serious difficulties or shutting up shop. Latitude Financial Services has just announced its pulling the plug on Genoapay, its BNPL service. Openpay went into receivership, Humm pulled out of the New Zealand market and NZ company Laybuy has delisted from the Australian Stock Exchange.So what has gone wrong with the BNPL sector? And did its substance ever really match the hype swirling around it?To discuss this we spoke with Melbourne-based Grant Halverson, CEO of retail banking and payments consultancy McLean Roche, in the latest episode of interest.co.nz's Of Interest podcast.Halverson notes that BNPL services, in one form or another, have been around for centuries. The new twist was putting an app on a phone. He notes the sector, which both the NZ and Australian governments are moving to regulate, currently offers unregulated credit.A long time critic of the sector, Halverson describes it as: "Worse than payday lenders in terms of what they're doing, but they do it with an image that doesn't actually hold scrutiny."Whilst supporting moves to regulate BNPL services, Halverson suggests many of the companies won't be around for much longer as the rising interest rate environment has dramatically increased their funding costs.'I think it [the future] is very dismal. I think unless they can be bought by somebody most of them [ BNPL companies] will have disappeared by the end of this year. They're all in trouble, they're all in deep trouble," says Halverson.You can find all episodes of the Of Interest podcast here.

New Zealand-based company Laybuy has announced they will be de-listing from the ASX. 2022 was a difficult year for the buy now, pay later company and their plummeting shares led to them removing themselves from the exchange because the costs were outweighing the benefits. NZ Shareholders Association CEO Oliver Mander said this is the right decision for them at this stage. Mander says this is important for investors, because they will still be able to trade their shares while being protected. LISTEN ABOVE  See omnystudio.com/listener for privacy information.

Buy now pay later services will have to check if consumers can afford the debt they're taking on as the government cracks down on the industry. Services including After Pay, Laybuy and ZipPay allow people to get the goods with one upfront payment - and pay the rest off in instalments. They can be charged late fees if they default, but unlike credit cards there's no interest. The services are not currently covered by the Consumer Finance Act so don't have to check if people can afford the repayments. But that's set to change. Commerce & Consumer Affairs Minister David Clark explains.

A crackdown on buy now pay later services does not go far enough according some budgeters. Under changes proposed by the government, the services will have to credict check all consumer and if the loan is $600 or more they will have to assess whether the person can actually afford to pay the back the debt.  The likes of After Pay, Laybuy and ZipPay allow people to get the goods with one up-front payment, and pay the rest off in a series of instalments. They can be charged late fees if they default, but unlike credit cards there's no interest. But there's no requirement for credit or affordability checks, and people can take on multiuple loans from different buy now pay later providers. Senior Financial Mentor at Pakuranga and Howick Budgeting Service Fiona Govender talks to Lisa Owen.

A warm welcome for regulation of the buy now, pay later sector. The Government has announced compulsory affordability checks for loans more than $600, to ensure the borrower doesn't end up in a debt trap. Providers will also need to have hardship processes in place, especially as the Christmas season looms near. LayBuy managing director Gary Rohloff told Mike Hosking as long as the regulation is appropriate for their utility of the product, it's spot on. He says it ensures those bad actors are quickly weeded out and those companies that have been operating for a while embrace it. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Government has recently announced that they will be running affordability checks on 'Buy Now, Pay Later' schemes to ensure Kiwi consumers don't get themselves in debt.  The checks are said to kick in for loans over $600, and platforms like AfterPay and Laybuy (the biggest BNPL providers) will need to have a hardship process and belong to a disputes team.  Jake Lilley, FinCap Senior Policy Adviser, approves of more regulations, but would have preferred the affordability assessments be applied to all purchases. LISTEN ABOVE  See omnystudio.com/listener for privacy information.

The government is going to regulate the Buy Now Pay Later industry.  Last year 1.7 billion dollars worth of purchases were made using the services.  One of the big players here is Laybuy - so how do they feel about these changes?  Laybuy managing Director Gary Rohloff spoke to Lloyd Burr.See omnystudio.com/listener for privacy information.

Buy Now Pay Later schemes are set to face new regulations before the year's end, in a bid to make sure they're not sending people into debt spirals. The loan providers, which include the likes of Afterpay and Laybuy, have had a surge in popularity, with $1.7 billion spent through them last year. While welcomed by many retailers, concerns people are becoming reliant on them has prompted a crackdown and they will soon be required to make better credit checks on customers for purchases over $600. Speaking on Tova, Retail NZ CEO's Greg Harford and Dunedin Budgeting Service's Andrew Henderson give their opinions on the situation - with Harford describing it as a "positive move" and Henderson arguing $600 is "too high".See omnystudio.com/listener for privacy information.

A warm welcome for regulation of the buy now, pay later sector. The Government has announced compulsory affordability checks for loans more than $600, to ensure the borrower doesn't end up in a debt trap. Providers will also need to have hardship processes in place, especially as the Christmas season looms near. LayBuy managing director Gary Rohloff told Mike Hosking as long as the regulation is appropriate for their utility of the product, it's spot on. He says it ensures those bad actors are quickly weeded out and those companies that have been operating for a while embrace it. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Pressure is mounting for buy now pay later schemes to be regulated, with fears they're a 'ticking time bomb' for vulnerable people. Services like Afterpay, Laybuy, and ZipPay are interest free with repayments staggered over several weeks and late fees if a payment is missed. But research shows 90 percent of people using them have other debts. and 20 percent have previously missed at least one payment. Louise Ternouth reports.

2 Aug 2022 - Laybuy Holdings Limited (ASX:LBY) Co-Founder and Managing Director Gary Rohloff discusses quarterly results, restructuring of the company and outlook.

Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's how to stop debt becoming a problem. Hosted by Frances Cook. Debt is one of those things that quite quickly becomes overwhelming.  You start off with getting a few extra things on credit, but get behind on the payments. Soon the fees and interest are spiralling, and making you feel like you'll never get it paid off again.  In the last few years increasing numbers of people are getting caught out on buy now, pay later schemes like AfterPay, Zip and LayBuy.  Buy now, pay later is deceptively dangerous, because it's less regulated.  That's right, there are lots of rules on your credit card, where the company has to check you can afford the debt you're taking on, and not sting you with fees that are unreasonable.  But buy now, pay later has no such restriction. So increasing numbers of people are finding themselves in a hole, when $20 here and $20 there suddenly adds up to hundreds more than they had realised.  It hasn't stopped a boom in popularity for this form of debt though, with the numbers of people under 65 using buy now pay later going from 18% in February 2021, to 30% by March 2022, according to research by the Retirement Commission.  Well, whatever type of debt you're dealing with, there are ways to bring it under control, and pay less overall.  For the latest podcast I talked to Tom Hartmann from Sorted. If you have a question about this podcast, or a question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here, Instagram here, and Twitter here.See omnystudio.com/listener for privacy information.

This week I'm joined with Tommy Casha from @weddingchats! You might have seen Tommy on tik tok or instagram interviewing guests at people's weddings! We dive deep into his life in digital marketing & media, the rise of his small business Wedding Chats & tips on how to get into the industry yourself!!!

We have a couple of things that have played out this week that we saw coming and so many others didn't, despite the fact they were in plain sight.Actually, it's three things. I wasn't going to mention inflation. But you have to ask whether many of the central bank heads are up to much given how badly they have interpreted inflation. The American number yesterday is leading many now to suggest a full one point is on the cards for the next rate hike.And I think when we get our number on Monday it will show the forecast of us having peaked is delusional.But the other two things are Buy Now Pay Later and streaming.Netflix are dealing with Microsoft on an ad version of their product. Why? Because the model they currently have is falling apart.Our prediction was we would get too many streaming services, and so it is proving to be. It was confirmed on the show this week by John Lithgow no less. Have all the outlets you want, it doesn't mean the quality gets improved.Netflix, or anyone else, was ever going to be able to make the amount of new stuff at such a level to keep up. So, they bought other stuff. But I note this week a lot of that other stuff had an expiry date on it and when the deal was up, it was gone.It's shows like Friends. The irony is outside of the occasional originals that drew an audience, things like Drive to Survive or Stranger Things, that was the stuff people were watching.So Netflix are now going to run ads, stop the binge part of their operation, and hope the millions that are leaving will stop leaving.Then Buy Now Pay Later is collapsing like crypto. Not enough saw it for what it was. It was old-fashioned Laybuy dressed up. It was merely another way of getting yourself into debt.And who was going to use it? People with no money. The trouble with people with no money is they are a risk, and so it has turned out to be.Not to mention the fact it wasn't regulated and by the time authorities got concerned, the Ukraine war had started, inflation had arrived, bad debts had gone through the roof, and the value of these companies started tanking. Zip and Sezzle terminated their merger this week, one bank's stake in the Swedish BNPL Klarna lost a couple of billion in value, and Klarna itself lost 85% of its value. It's a mess.The lesson here is we don't seem to be getting any smarter. New ideas are everywhere, but very few are any good, very few are for the long haul, and even fewer are revolutionary.But maybe that's the new business model? Spruik the plan, get the gullible sucked in, take their money, and when the game is up move onto the next town.See omnystudio.com/listener for privacy information.

When running an online eCommerce store, you have to handle a different set of bookkeeping challenges compared to traditional accounting, so I'm here today to make it clear and easier for you to sort everything out. In this episode, I'm sharing the eCommerce accounting challenges that you'll come across as a business owner running your business online. I share the common mistakes I see when eCommerce small businesses are DIYing their books to help you avoid wasting time and energy fixing everything. So, what do you do with all of the different fees you pay? There are so many payment methods that keep their cut before passing you the net amount into your bank, including AfterPay, LayBuy, and Shopify. Most of these fees can't be automated or integrated in any way so you need to find out exactly what the fees were and manually add them in followed by increasing your sales by the same amount. I'll run you through the two main reasons you need to ensure you're including all of the fees you're paying. We'll go on to explore your payment providers (including PayPal), what GST you can claim (if any) on fees and how it impacts your BAS, tracking inventory with systems and processes, and if you should integrate your sales platform with your accounting software. Tune in and find out how to handle all of the eCommerce accounting challenges you're facing to make sure you've got it all covered and avoid increasing your workload with unnecessary effort and cost! LINKS:Previous episode mentioned: My Top Tips for a smooth EOFYWhat the heck is GST and when should I registerCheck out my blog here! Join the waitlist for Power In Numbers here! Instagram:@accountedforyouWebsite:https://accountedforyou.com.au/

Apple will launch a new ‘buy now pay later service' (BNPL) scheme in the US to spread the cost of purchases over four to six weeks. The BBC reported last December that over 15 million people in the UK are already using BNPL services run by the likes of Klarna, Clearpay, Laybuy and PayPal. Challenge to traditional; banks. Citizens Advice reported concerns that 12 million adults are using BNPL services to pay for essentials such as food a toiletries. Deferring payment will be made even easier with millions of iPhone users tapping their way into easy debt. The BNPL market is expected to be worth £30 billion by the end of the decade. Apple's move comes as the cost of living has reached new highs with the cost of unleaded petrol hitting £2 per litre! One haulage firm said the cost of fuelling a truck has risen by £20,000 a year, which will be passed on to customers. The pound fell this week after Boris Johnson survived a vote of no confidence. Although the Queen's Jubilee celebrations gave a welcome boost to spending on hospitality, consumer spending was down in May as the cost of living continued to rise, according to the British Retail Consortium. Food prices continue to soar as India bans wheat exports and shortages are starting in some countries. There is nothing new about consumer debt, but the speed and ease of obtaining credit almost instantaneously has changed in the last few years. Consumer debt is “dumb” according to Warren Buffett, one of the world's richest and most successful investors. There has never been a more pressing time to learn how to manage your money – you can watch my free training video by clicking here - https://bit.ly/3H2WcbA Good debt, used for instance to purchase assets, such as property, or start businesses, is smart borrowing, as I explain in my book, Borrow and Grow Rich. The rich and wealthy have been using smart borrowing or ‘other people's money (OPM) for centuries to finance business ventures and build huge property portfolios. You can learn the secrets of property investing using OPM and build your own portfolio. With inflation running at near double figures the real purchasing power of your cash is being eaten away and will halve every 8 years if consumer prices continue to rise by 9%pa. However, you can use inflation to your advantage using the right assets and good debt. FREE TRAINING – PROPERTY INVESTING SECRETS This Property Investing Secrets free training webinar is designed by the industry's top investing trainers to bring you 120 minutes of valuable content; providing you with the tools to successfully invest in buy-to-let properties, raise finance and build a mighty portfolio from the ground up. Live training Wednesday 8 June 2022 at 7pm UK time. CLICK TO JOIN THE LIVE ONLINE EVENT  https://bit.ly/3DlSlCL See omnystudio.com/listener for privacy information.

Apple will launch a new ‘buy now pay later service' (BNPL) scheme in the US to spread the cost of purchases over four to six weeks. The BBC reported last December that over 15 million people in the UK are already using BNPL services run by the likes of Klarna, Clearpay, Laybuy and PayPal. Challenge to traditional; banks. Citizens Advice reported concerns that 12 million adults are using BNPL services to pay for essentials such as food a toiletries. Deferring payment will be made even easier with millions of iPhone users tapping their way into easy debt. The BNPL market is expected to be worth £30 billion by the end of the decade. Apple's move comes as the cost of living has reached new highs with the cost of unleaded petrol hitting £2 per litre! One haulage firm said the cost of fuelling a truck has risen by £20,000 a year, which will be passed on to customers. The pound fell this week after Boris Johnson survived a vote of no confidence. Although the Queen's Jubilee celebrations gave a welcome boost to spending on hospitality, consumer spending was down in May as the cost of living continued to rise, according to the British Retail Consortium. Food prices continue to soar as India bans wheat exports and shortages are starting in some countries. There is nothing new about consumer debt, but the speed and ease of obtaining credit almost instantaneously has changed in the last few years. Consumer debt is “dumb” according to Warren Buffett, one of the world's richest and most successful investors. There has never been a more pressing time to learn how to manage your money – you can watch my free training video by clicking here - https://bit.ly/3H2WcbA Good debt, used for instance to purchase assets, such as property, or start businesses, is smart borrowing, as I explain in my book, Borrow and Grow Rich. The rich and wealthy have been using smart borrowing or ‘other people's money (OPM) for centuries to finance business ventures and build huge property portfolios. You can learn the secrets of property investing using OPM and build your own portfolio. With inflation running at near double figures the real purchasing power of your cash is being eaten away and will halve every 8 years if consumer prices continue to rise by 9%pa. However, you can use inflation to your advantage using the right assets and good debt. FREE TRAINING – PROPERTY INVESTING SECRETS This Property Investing Secrets free training webinar is designed by the industry's top investing trainers to bring you 120 minutes of valuable content; providing you with the tools to successfully invest in buy-to-let properties, raise finance and build a mighty portfolio from the ground up. Live training Wednesday 8 June 2022 at 7pm UK time. CLICK TO JOIN THE LIVE ONLINE EVENT https://bit.ly/3DlSlCL

Kia ora,Welcome to Tuesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the International edition from Interest.co.nz.Today we lead with news benchmark interest rates are rising despite the political tensions.Somewhat surprisingly, American inflation expectations eased a bit in January, falling from 6.0% to 5.8% as the expected inflation over the next year in the large New York Fed national survey. This is the first decline in short-term inflation expectations since October 2020. Similarly, median three-year ahead inflation expectations decreased by 0.5 percentage point to 3.5%. The decline in medium-term inflation expectations was broad-based across age, education, and income groups and is the largest one month decline in the measure since the inception of the survey in 2013. The yield on the benchmark US 10-year Treasury note rose again to above 2% on Monday and the 2-year/10-year yield curve fell to the flattest since July 2020, as bets for a +50 bps rate hike from the Fed increased again. St. Louis Federal Reserve President Bullard has reiterated his call for +100 bps of hikes by the end of June during the interview on CNBC.Meanwhile, another Fed official, Esther George from the Kansas City Fed, said the central bank should consider selling bonds from its US$9 tln asset portfolio to address high inflation and guard against harmful effects that can result from raising short-term rates above long-term rates.Cross-border traffic between Detroit and the Canadian city of Windsor is returning to normal after a bridge crossing the Detroit River reopened following a week of demonstrations.In India, their inflation rate rose to 6.0% in January, and up from 5.7% in December. Its a seven month high, and food inflation is rising within it.In the UK, a regulator there has told a set of 'buy now pay later' firms to issue refunds of excessive late-payment fees and rewrite their contracts so the terms are clearer. This ruling affects Afterpay, Openpay, Laybuy and Klarna - three Aussie firms and a Swedish one (in which Aussie bank major CBA has a minor stake).The UST 10yr yield opens today at 2.00% and +8 bps higher than this time yesterday. The price of gold starts today at US$1862/oz and up another +US$3 from this time yesterday. Given the political tensions you might have thought the gold price would be rising faster.And oil prices are holding high at just over US$92/bbl in the US, while the international Brent price is marginally softer at US$93.50/bbl. The Kiwi dollar will open today at 66.1 USc as the greenback firms. Against the Australian dollar however we have slipped to 92.8 AUc. Against the euro we are holding at 58.5 euro cents. That means our TWI-5 starts today lower at just on 70.8 but that is where it was a week ago.The bitcoin price is up a minor +0.9% since this time yesterday and now at US$42,679. Volatility over the past 24 hours has stayed modest at +/- 1.5%. Interestingly, a huge surge in crypto ads during the American Superbowl seems to have had virtually no influence in demand or prices - unless it stopped them falling.You can find links to the articles mentioned today in our show notes.And get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again tomorrow.

Laybuy: A goal of $1b in buy now pay later annual contracts Listen to ASX-listed Laybuy Managing Director Gary Rohloff talk to Matt Birney on the Bulls N' Bears Report about Laybuy's burgeoning “buy now pay later” business model that some 900,000 people are now using. See omnystudio.com/listener for privacy information.

Do you want to increase your AOV while also making shopping more flexible for your customers? You're missing out if you haven't already adopted a Buy Now Pay Later (BNPL) platform! We were lucky to have Gary Rohloff, Co-founder and Managing Director at Laybuy join Leo and Waldo on Talk'n Shopify this week. Gary shared his incredible journey about how Laybuy transitioned from a family dinner-table discussion to being listed on the ASX and having 12,500+ merchants in 3 countries just 4 years later. Listen to this episode to see how a BNPL tool increases sales, what makes Laybuy unique and how being bold can lead to high-scale growth for Gary and his family. Visit the Laybuy website: https://www.laybuy.com/nz/ Thanks to Gorgias for being such a great sponsor! For more information about Gorgias, the Number 1 rated helpdesk for eCommerce merchants click here for 2 months FREE - https://gorgias.grsm.io/zyberpodcast For more information about Zyber Digital Visit our website - https://www.zyber.co.nz Follow us on Facebook - https://www.facebook.com/zyberwebdesign/ Follow up on LinkedIn - https://nz.linkedin.com/company/zyber Join our exclusive Facebook insider groups Shopify NZ - https://www.facebook.com/groups/shopifynz/ Shopify VIP - https://www.facebook.com/groups/shopifyvip Follow us on Instagram - zyberhq

From this week, Australians will be able to use Afterpay to pay for food and beverages at 160 pubs and restaurants around the country. The hospitality group Australian Venue Co has partnered with Afterpay to launch "Dine Now, Pay Later". But that's sparked concern for budgeting service providers on both sides of the Tasman, who are already worried about increased debt as a result of Buy Now, Pay Later services like Afterpay, Humm, Zip and Laybuy.

From this week, Australians will be able to use Afterpay to pay for food and beverages at 160 pubs and restaurants around the country. The hospitality group Australian Venue Co has partnered with Afterpay to launch "Dine Now, Pay Later". But that's sparked concern for budgeting service providers on both sides of the Tasman, who are already worried about increased debt as a result of Buy Now, Pay Later services like Afterpay, Humm, Zip and Laybuy.

WAIT! If you use Buy Now Pay Later schemes don't be intimidated by this episode, it's simply a chill discussion about what they are and the pros & cons.In 20 mins you'll learn- Who uses BNPL's- What makes them great- What makes them concerning- Why women are targeted Find more of us here:http://theoneupproject.nz/ https://www.instagram.com/theoneupproject/https://linktr.ee/theoneupproject Want to get in touch directly?sarah@theoneupproject.nzThanks so much for your support and listening it means so much to me! Please leave a rating or review if you're enjoying and I will see you in the next episode!DISCLAIMER:The OneUp Project is an educational platform that provides information that is general in nature. There may be opinions or an individuals experience within this resource that should not be considered as recommendations or personal advice. Everyone's financial situation is so different and you must use the information within this resource at your own risk. Please complete your own due diligence before making any decisions based on the information in this resource. I am not a financial advisor and if you require expert advice please seek advice from a professional.

See omnystudio.com/listener for privacy information.

Afterypay, Laybuy and a constant stream of new Buy Now, Pay Later (BNPL) platforms are popping up in stores and online for the Kiwi consumers. It may seem as easy as spacing out those purchase you want right now but what are the impacts it could have on your credit score? Goran, Neve and Kayne chat through using BNPL schemes and the impact that might have on your future.Thank you to our series sponsor – Atomic Coffee.  These legends fuel us and our guests through our podcasts.     If you have any questions or comments, or have a topic you want us to discuss you can contact us at info@moneyempire.co.nz.  The advice shared on Beyond the Field is general in nature and does not consider your individual circumstances and is based on our personal opinions. Beyond the Field is for educational purposes only and should not be relied upon to make financial decisions. The Money Empire group are Financial Advisers. We do not provide our clients with advice on investments, nor do we provide investment planning advice.  To receive personal financial advice, you must first engage with the relevant individual or sector, and receive, read and understand their Scope of Service and Terms of Engagement to ensure the service and products are suited to your needs.  We may discuss products, services and answer listener questions on this podcast for illustration purposes only.    www.moneyempire.co.nz  Triple M Group Limited (5737850) (NZBN: 9429041825877) Registered NZ Limited Company.   

This week on the podcast, I am joined with Laura, founder of Financielle to help me discuss the pros and cons of buy now, pay later schemes such as Afterpay, Klarna, Laybuy and Clearpay. Click here to take advantage of the new Financielle app that is designed to help you start your financial wellness journey! For more All Things Money, make sure you give us a follow on Instagram, Twitter and Facebook! Fancy supporting the podcast? You can do so here.

Laybuy (LBY) announces it's signed on more UK businesses, and has now partnered with more than 10,000 merchants worldwide. James Hardie's (JHX) Q1 financials see growth in sales and a revised profit forecast. National Australia Bank (NAB) has entered into an agreement to acquire Citigroup's (C) Australian consumer business. Laybuy co-founder Gary Rohloff on Lunch Money www.sharesies.com For more share market news, subscribe to Lunch Money, Sharesies' bite-sized email update: https://www.sharesies.nz/lunch-money Investing involves risk. You aren't guaranteed to make money, and you might lose the money you start with. We don't provide personalised advice or recommendations. Any information we provide is general only and current at the time.

The Aussie share market is likely to head back into record high territory today. The futures are suggesting a rise of 0.1%. What to watch today: The iron ore price has stabilised. Spot iron ore prices rose 0.3%, and seaborne iron ore prices held steady after a 14% fall in the previous selling. This supported investors buying into BHP In New York overnight, helping BHP shares rise 1.7%. Therefore, (ASX:BHP) and other iron ore stocks on the ASX are likely to follow. The oil price fell slightly 0.3% to US$70.35. Consumer Confidence data to be released for August. Keep an eye on the reaction in consumer spending stocks. BWP Trust (ASX:BWP) released their earnings. Headline profit fell about 3% to $114 million, slightly under what the market expected of $114.7 million in profit. GUD Holdings (ASX:GUD) are set to report. Trading Ideas:Laybuy Group (ASX:LBY) was reiterated as a Bell Potter Speculative BUY, with a much slimmer price target of $1.20. This implies over 100% share price growth in a year. Chalice Mining (ASX:CHN), Nearmap (ASX:NEA), and Warrego Energy (ASX:WGO) are all giving off bullish charting signals, according to Trading Central. 

This week on Lunch Money, Sonya Williams (Sharesies' Co-Founder) and Alice Rountree (Sharesies' Financial Analyst) have a good old yarn with Gary Rohloff the co-founder and managing director of Laybuy, one of the big players in the local BNPL sector. They discuss the origins of the company, its business model and issues around sector regulation; as well as where the company is focussing on next. If you have any questions, email us at any time at help@sharesies.co.nz. If there are any companies, fund managers, or other special guests you'd like to see on Lunch Money going forward, flick us an email at events@sharesies.co.nz to let us know! For more market news, subscribe to our Lunch Money market updates—bite-sized emails on the New Zealand, Australian, and US share markets and the wider economy, written by Sharesies' Lead Dealer, Sophie Goodwin: https://www.sharesies.nz/lunch-money

A boom in the use of buy now, pay later products has prompted warnings of people falling into financial hardship and growing calls for the sector to be regulated. Buy now, pay later companies such as Laybuy and AfterPay allow online shoppers to buy goods on credit and pay off the balance over four payments. These types of transactions grew by almost half in the first quarter of 2021, compared to the same period last year. Nine to Noon has requested a copy of briefing document from the Ministry of Business, Innovation and Employment to the Commerce and Consumer Affairs Minister David Clark, warning that these products are making the accumulation of debt easy. These products don't charge interest to the consumer, rather retailers pay the provider. Because these products don't charge interest, they don't fall under the Credit Contracts and Consumer Finance Act. Consumer groups are now calling for the buy now, pay later industry to be regulated like other money lenders. The Commerce Minister is weighing up possible regulation. Kathryn speaks with Consumer NZ's head of research is Jessica Wilson and KPMG's head of banking and finance John Kensington.

A boom in the use of buy now, pay later products has prompted warnings of people falling into financial hardship and growing calls for the sector to be regulated. Buy now, pay later companies such as Laybuy and AfterPay allow online shoppers to buy goods on credit and pay off the balance over four payments. These types of transactions grew by almost half in the first quarter of 2021, compared to the same period last year. Nine to Noon has requested a copy of briefing document from the Ministry of Business, Innovation and Employment to the Commerce and Consumer Affairs Minister David Clark, warning that these products are making the accumulation of debt easy. These products don't charge interest to the consumer, rather retailers pay the provider. Because these products don't charge interest, they don't fall under the Credit Contracts and Consumer Finance Act. Consumer groups are now calling for the buy now, pay later industry to be regulated like other money lenders. The Commerce Minister is weighing up possible regulation. Kathryn speaks with Consumer NZ's head of research is Jessica Wilson and KPMG's head of banking and finance John Kensington.

A group of charities has sounded warning bells over the growing use of buy-now-pay-later to buy goods. Citizens Advice, a network of legal, money and consumer groups, said many users were getting into debt and struggling to pay for food and bills. Buy-now-pay-later (BNPL) is increasingly popular among young people buying online, and at some High Street outlets. Citizens Advice said many consumers regretted using it and is calling for tougher regulation. It found that an alarming 45% of 18-to-34 year olds have used the payment option in the last year. The repayment option is advertised at online checkouts as an easy way of splitting or delaying payments on items such as clothing or electronics, with incentives such as it being "interest-free". In my experience, “Interest free” is a "slippery slope into debt". More worrying is that CA discovered that almost two-in-five (5.7 million) who have used BNPL in the last year didn't think it was "proper borrowing" and six million didn't fully understand what they were signing up for. It found a quarter of consumers regretted paying using these platforms, with consumers frequently saying they cannot afford repayments or are spending more than they expected. Citizens Advice said firms must overhaul their checkout processes and improve affordability checks. Both the Financial Ombudsman Service and Financial Conduct Authority had a greater role to play in the protection of consumers and regulation of the industry, it said. Alistair Cromwell, acting chief executive of Citizens Advice, said: "Buy Now Pay Later borrowing can be like quicksand - easy to unwittingly slip into and much more difficult to get out of. "It shouldn't be possible for people to sign up for credit without realising, and the fact this is happening so often signals that a drastic overhaul is needed. "This industry more than trebled in 2020, and while these products work for many shoppers, the regulator has rightly recognised the potential for harm. It must ensure robust consumer protection keeps pace with changes in how we shop," Mr Cromwell said. Several big - and smaller - names now operate in the fast-growing BNPL market, including Klarna, Clearpay, and Laybuy. PayPal launched a BNPL service last year. The charity warned that four-in-10 of those who've used BNPL in the last 12 months are struggling to repay. Source: BBC and Citizens Advice. If you are struggling with debt repayments in the UK, you can talk to the charity Citizens Advice. Other Money News City of London Plans To Convert Thousands Of Office Into Residential Units As Workers Staty At Home Over 50’s Hardest Hit By Unemployment The Office for National Statistics (ONS) has found older workers are amongst the hardest hit by unemployment over the last year. The decline in the employment rate for the over-50s has double the rate for those aged between 25 and 49. The Resolution Foundation added that after losing work, older workers take the longest to return. The effects of last year’s recession have not fully hit most people. The job furlough scheme, rent and mortgage payment holidays, tenant eviction ban, Stamp Duty Holiday and other government financial stimulus packages have cushioned people from the full blow of the economic downturn.  Similar packages are running in the US and many are coming to an end or about to expire. Whilst the government needs people to go out and spend to boost the economy, this is not the time to spend £600 of money you don’t have to buy clothes you cannot afford on credit!  There is good debt and bad debt.  An example of good debt is borrowing to buy assets, such as a business or property which put money in your pocket. An example of bad debt is the lady mentioned above or someone buying an expensive car they cannot really afford on credit.  Another example of bad or even crazy debt is borrowing to buy more risky investments such as Bitcoin or shares. See also: 95% Mortgages are back in the UK Property buyers overpaying to beat the Stamp Duty Holiday Get your business online today free  Free…FREE LIFETIME ACCESS. NO credit card needed to start building your website yourself. https://groovepages.groovesell.com/a/uy9VcdqIvopT #investment#money#taxreturns#makemoneyonline#groovefunnels#FREE See omnystudio.com/listener for privacy information.

Private Equity can provide companies with the runway they need for growth but it often comes with high investor expectations. In this episode of NZTE's Investment Fix podcast we talk to Calocurb founder and CEO Sarah Kennedy and Laybuy co-founder and managing director Gary Rohloff about securing private equity, funding hypergrowth, the value of experience and confidence, and riding out the tough times. 

In this episode, we discuss how AfterPay, LayBuy and other short-term 'buy now, pay later' providers can impact your property investment and home-buying plans. If the bank sees regular payments being made to these providers, they will decrease the amount of income that you have available to service a mortgage in their calculations. A $50 a week payment can mean that the amount you can borrow falls by up to $40,000. We also mention that we are looking to bring on financial advisers in Auckland, Christchurch and Wellington. Click the links to check out the job description.

After a shaky start, the ASX 200 index came home strongly to close up 0.4% on positivity around Joe Biden's planned announcement tonight on his economic stimulus package. It was tech's day with the sector up 4.7% and Afterpay up 9.1% after an upgrade by Morgan Stanley. Healthcare, industrials, financials and utilities were also up while energy and miners were down on falling commodity prices. Our top three VODs today are:China will be back but coal is still a short term playThe unloved medical imaging company that is coming into focusIt's blue sky growth ahead for Laybuy See acast.com/privacy for privacy and opt-out information.

Kiwis have opened their wallets for retailers this year, big time.Which brings us to our next interview, with the founder of Laybuy, the country's largest buy-now-pay later service.Business has been booming for these guys, too.Laybuy founder Gary Rohloff joins Tim Dower.LISTEN ABOVE

Welcome to The Pivot Pod, where we'll figure out together what's next for small business. Hosted by Frances Cook, with a new expert on each episode. Today it's how even in "unprecedented times" we can learn from survivors of past crises.We're hearing a lot about how it's unprecedented times right now. And while it's certainly true that a global pandemic, and a virus that keeps us in our homes, is highly unusual, a crisis for the business sector itself isn't that unusual. There are always lesson to be learned from what's happened before, who succeeded through that, and how we can use that experience to help today. For the latest Pivot Pod I talked to Laybuy co-founder Gary Rohloff. If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/ Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCookSee omnystudio.com/listener for privacy information.