Whenever you apply for a home loan, credit card, HP or any other form of credit, the lender will run some checks. Because if someone’s advancing you money, they’ll want to know if you can pay them back.
Imagine the state taking control of your house, Kiwisaver funds, insurance policies, and any other assets you’ve accumulated, and then deciding who inherits them.
Wealth creation is not what you own. It’s what you control.