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Creating a financial plan isn’t just about numbers-it’s about aligning your money with your values, goals, and lifestyle. In this episode of Cheques & Balances, we’re joined by Luke Kemeys of Keep the Change and Next Advisory, who opens up about his unique approach to building wealth without succumbing to societal pressure.
Why Your Financial Plan Should Reflect You
From choosing to rent over buying property, to saving 40% of his income, Luke’s story is a reminder that creating a financial plan is about finding what’s right for you, not just following the crowd. Whether you’re an entrepreneur or PAYE employee, there’s something in Luke’s methodical and values-based strategy for everyone looking to take control of their financial future.
Breaking the Norm: Renting Over Owning
Luke Kemeys has done something many Kiwis would consider unconventional: he’s opted to rent rather than buy a home—by choice. Despite societal expectations and pressure from family and friends, Luke has stayed committed to a plan that supports his lifestyle and long-term goals.
While many see renting as ‘dead money,’ Luke reframes it as a way to live in desirable areas without the burden of a mortgage. This approach frees up capital to invest elsewhere—a key component in creating a financial plan that works for him. Rather than being tied to a property, he’s focused on flexibility and freedom, investing across shares, funds, crypto, and businesses.
A Practical and Disciplined Approach to Wealth
A cornerstone of Luke’s strategy is his strict budgeting and investment system. For over five years, he’s tracked income, expenses, assets, and liabilities on a rolling monthly spreadsheet. Every dollar is accounted for, and 40% of income is allocated toward investment—before any spending decisions are made. This “pay yourself first” method ensures financial growth and resilience.
Creating a financial plan, for Luke, also includes regular contributions to KiwiSaver, even beyond the required minimum. It’s about building habits now that will pay off decades later. While his investments may span different risk levels—from ETFs to crypto—he remains grounded by tracking his net worth and refining his approach as his portfolio grows.
Navigating Wealth Without the Noise
One of Luke’s most insightful perspectives is his resistance to “Keeping up with the Joneses.” He’s seen behind the curtain, as an accountant, and understands that flashy lifestyles don’t always mean financial health. From buying lunches for friends to helping family financially, Luke balances generosity with responsibility.
He cautions against social media-fuelled comparisons and instead urges people to understand their own money personality. Creating a financial plan isn’t about mimicking others—it’s about designing a life that aligns with your goals, risk tolerance, and time. Whether that’s delaying home ownership or exploring commercial property funds, Luke’s approach is measured and intentional.
Key Takeaways
Renting can be a strategic decision: Renting in a high-quality area while investing elsewhere can outperform traditional homeownership, depending on your financial goals.
Budgeting builds discipline: A monthly spreadsheet and tracking net worth are essential tools in Luke’s financial plan.
Invest early and consistently: Luke started saving 40% of his income when he earned just a few thousand dollars per month.
Diversification matters: His portfolio includes ETFs, crypto, business funds, and KiwiSaver, balancing risk and return.
Comparison kills clarity: Avoid comparing your financial journey to others, especially on social media. Focus on your own long-term outcomes.
Next Steps
If Luke’s story resonated with you and you’re ready to create your own financial plan, Lighthouse Financial is here to help. Whether you’re looking to start from scratch or fine-tune your existing strategy, our expert advisers will work with you to design a plan tailored to your goals.. Get in touch to book a free consultation.
If you’d like to learn more, check out these other episodes below.
For a no obligation discussion to see how we can help you on the path to wealth, please contact us.
Disclaimer:
The information in this article is general information only, is provided free of charge and does not constitute professional advice. We try to keep the information up to date. However, to the fullest extent permitted by law, we disclaim all warranties, express or implied, in relation to this article – including (without limitation) warranties as to accuracy, completeness and fitness for any particular purpose. Please seek independent advice before acting on any information in this article.
