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Join my free community for NZ Business Owners ⤵️ https://www.skool.com/advice/ I help business owners make more money and live better lives. My Story: 2014: Lead a commission-only sales team at Rayven Marketing and personally raised ~$2 million in revenue for our clients. 2018: Launched the NZ Business Owners podcast, which Spotify ranked as one of the top 5% of podcasts globally. 2019: Worked as an Investment Adviser with OnePlan For Retirement, advising on $10 million of client’s funds. Today: Founded Find Advice, a platform that connects kiwis with qualified financial advisors. Take our 60 second quiz to learn how to build your wealth, protect your family, and get matched with a qualified financial adviser at no cost to you. My Story: 2014: Lead a commission-only sales team at Rayven Marketing and personally raised ~$2 million in revenue for our clients. 2018: Launched the NZ Business Owners podcast, which Spotify ranked as one of the top 5% of podcasts globally. 2019: Worked as an Investment Adviser with OnePlan For Retirement, advising on $10 million of client’s funds. Today: Founded Find Advice, a platform that connects kiwis with qualified financial advisors. Get a FREE Financial Strategy in 60 Seconds👉 http://findadvice.nz/ In the industry of finance one of the hardest things to find is someone who has the competency to execute on what you need and that you trust. This is why. Details: Website: https://www.ryanjmelton.co.nz/ Book: The Dirty Secrets of the Financial Elite by Ryan J Melton Company: https://oneplan.co.nz/ Mentor: https://www.gregmoyle.com/ Linkedin: / nzpodcast Transcript 00:00 there was an article in The Herald that I saw in the letters to the editor where they 00:04 spoke about how they lost a bit of money through the actions of chap called David Ross who is 00:12 fraudster I think he might have been an accountant but certainly was a fraudster 00:17 and he ran a Ponzi scheme out of Wellington and he ended up losing 00:25 I don't know was it 100 million dollars of clients funds? 00:36 well a substantial amount of money a bit like a Madoff but on a New Zealand scale 00:41 a lot less still significant and very significant for the people whose 00:46 money was lost he was given ten years jail but he was out in four and this 00:51 particular person writing in clearly someone who had lost money through investing 00:58 if you can call it that I'd call it speculating with David Ross felt that 01:03 they Ross should stay in jail or for longer I had to agree I think when 01:07 someone does something like that if you like breaches that trust the effects of 01:15 that on the people concerned are permanent. If someone comes 01:21 into your house and they steal your television while it's huge invasion of 01:27 your privacy and quite traumatic you can always get another television and it's 01:32 probably insured if someone assaults you which again 01:37 you know it's a terrible thing to happen you might be temporarily injured but 01:43 hopefully you would recover and that person needs to be punished but in our 01:49 society they get a significant punishment but sometimes those people 01:54 the fraudsters the people I used to encounter a little bit when I was in the 01:59 corporate fraud unit in the 80s these are people that can't even lie straight 02:03 in bed and the moral chip that most of us would have knowing things are 02:09 differently wrong is certainly removed from those people I don't care who they hurt 02:14 family members friends members of the public and Ross clearly falls into that 02:20 category when they lose someone's money particularly if it's money 02:27 there someone's retirement that permanent loss is not something people 02:32 can recover from because suddenly having expected to maintain a certain 02:39 standard of living in retirement having worked for many many years to put 02:44 yourself in that situation the loss of that money means that suddenly you're 02:49 not able to do the things that you'd hoped and wanted to do and you 02:54 basically you only have to live on whatever you can get from New Zealand 02:59 super and what you can extract from the arrangement if any and we all know that 03:05 if you're receiving New Zealand super in retirement it's not enough to live on 03:11 it's barely enough to exist on.