You asked, we answered: Were either of our parents financially savvy or has everything been self taught? SUV at 5.49% for 60 months. Brain says pay if off or do I continue investing/saving for baby OTW? -- 🤝 Want help from a financial advisor? We’ve teamed up with advisors we like so you can get 1:1 support from a professional. Learn more: https://makingmoney.email/financial-advisors-audio 📧 Free guides on personal finance Learn how to build long-term wealth in the UK: https://linktr.ee/making...
Feb 19, 2024•15 min
The questions are all about pensions this week: What are our thoughts on a ‘pension crisis’ for Millennials/Gen Z when retirement comes around? Should you reduce pension contributions in order to pay off debt quicker? What % of your income should you pay into your pension? -- 🤝 Want help from a financial advisor? We’ve teamed up with advisors we like so you can get 1:1 support from a professional. Learn more: https://makingmoney.email/financial-advisors-audio 📧 Free guides on personal finance ...
Feb 09, 2024•9 min
Gary Stevenson is a former city trader who made millions from betting on growing inequality. With his YouTube Channel @GarysEconomics he now campaigns to end the very thing he made money from. He's written a book called ‘The Trading Game: A Confession’ about his experiences in finance and what drove him to leave a life where he earnt millions a year. He warns that without a tax on the super rich, wealth inequality will continue to increase, leaving the majority of us much worse off. You can orde...
Feb 05, 2024•1 hr 16 min•Season 2Ep. 14
What’s the secret behind beating the market? It's a question many ask, but who really knows the answer? James Taylor, co-author of ‘Invested: How Three Centuries of Stock Market Advice Reshaped Our Money, Markets, and Mind’, looks at why, despite the rise of passive investing, so many people are still obsessed with active investing, outperforming the market, and how the same marketing strategies that were used all those years ago are still enticing people today. James's book: https://amzn.to/3Oi...
Jan 29, 2024•1 hr 2 min•Season 2Ep. 13
We all want to get paid more but how do you get a salary increase out of your company? What steps should you take to build your case before asking? And how do you approach that pay rise meeting with your manager? To help us figure out a plan, we’re speaking to HR expert Wayne Clarke, author of How to Become a World-Class Manager. Wayne’s book: https://amzn.to/3RW2YFC 🤝 Want help from a financial advisor planning your future? Get personal support: https://makingmoney.email/financial-advisors-aud...
Jan 22, 2024•1 hr 3 min
Do you ever look back and think where did the time go? It’s a horrible feeling, life passing you by, but it’s natural because we have to spend most of our lives operating in subconscious mode. To learn how to get what we want from life, particularly how to change career, we’re speaking with Dr Grace Lordan, author of Think Big and an Associate Professor in Behavioural Science at the London School of Economics. How do you decide what you really want, and how do you get it? Think Big on Amazon: ht...
Jan 15, 2024•1 hr 10 min
Do you want financial independence by the time you're 40? 50? 60? Do you know how to get there? That’s why we started the podcast - to give you the knowledge and confidence to change your financial future. So how do you end 2024 in much better shape? Well, that’s why we’re speaking with Financial Advisor Lisa Conway-Hughes who’ll map out the key things you need to get done in 2024 to get better with money and build wealth. 🤝Want help planning your finances from Lisa? You can contact her assista...
Jan 08, 2024•1 hr 1 min
You asked us: Would you rather have a million pounds or five thousand pounds a month until you get to a million? What would you do if you lost all your savings and had to start again? 🤝 Want help from a financial advisor? We’ve teamed up with advisors we like so you can get 1:1 support from a professional. Learn more: https://makingmoney.email/financial-advisors-audio 📧 Free guides on personal finance Learn how to build long-term wealth in the UK: https://linktr.ee/makingmoneypod ⛑️ Check your...
Dec 18, 2023•10 min
You asked us: What is the one key lesson we can learn from Charlie Munger’s legacy? Were either of your parents financially savvy or has everything been self taught? What are the true risks of doing nothing with money? 🤝 Want help from a financial advisor? We’ve teamed up with advisors we like so you can get 1:1 support from a professional. Learn more: https://makingmoney.email/financial-advisors-audio ⛑️ Free guides & financial health check Learn how to build long-term wealth in the UK: https:...
Dec 11, 2023•11 min
It feels like we pay a lot of tax in the UK but is that really true? Where do our taxes actually go? Are they wasted? And are we going to have to pay more in the future? Paul Johnson is the Director of the insanely well respected Institute for Fiscal Studies and in this episode he explains how we’ve got into this pickle, how we can get out of it - and why our feelings about paying too much tax might not be rooted in reality. Get Paul’s book Follow The Money: https://amzn.to/41aOqXa 🤝 Want help ...
Dec 04, 2023•1 hr 3 min
Smart people make bad decisions all the time. That’s because intelligence (IQ) has no bearing on our ability to make rational, unbiased decisions. If you can be aware of your biases and investigate your intuitions then you will make better decisions which can have a profound effect on your finances. In this episode, David Robson, author of The Intelligence Trap, lays out the key biases stopping you from getting richer - and how to combat them. You can find David's book here: http://bit.ly/3T04h8...
Nov 27, 2023•59 min
Most people shouldn’t invest in single stocks - they’d be better off investing in index funds - but that doesn’t stop a lot of people trying. That’s the view of Sasha Yanshin, YouTuber, Damo’s friend and nemesis - and it’s Damo’s view too. Despite that, Sasha does invest in individual companies and Damo does keep up to 10% of his allocation for investing in specific stocks (because he enjoys it). In this episode, Sasha explains his process, as well as some best practices in case you want to chan...
Nov 20, 2023•1 hr 7 min
Credit scores...there's a lot of misunderstanding about them. So in this episode, which is a beginner's guide to credit scores, we explain the fundamentals, how to improve them and debunk some common myths. 🤝 Want help from a financial advisor planning your future? Get personal support: https://makingmoney.email/financial-advisors-audio ⛑️ Free guides & financial health check Learn how to build long-term wealth in the UK: https://linktr.ee/makingmoneypod 📈 Investment platforms we use Trading 2...
Nov 13, 2023•44 min
The average person in the UK earns … yeah, we just teased you with that, but who doesn’t want to know if they’re doing better than the person next door? In this episode we talk with Timi Merriman-Johnson, an author, creator and founder of Mr MoneyJar, a financial education charity, to get under the bonnet of wealth gaps - averages, gender, ethnicity - and to lay out some key steps to help you climb the ladder. This episode was recorded in October 2023. The data we reference may have changed. Dam...
Nov 06, 2023•51 min
Interest rates have soared but what does that mean for you long term? How do you navigate the mortgage crisis? What will happen to house prices? Will interest rates go down again? Is it worth getting into property investing now? To help us read the crystal ball we’re speaking to Rob Dix, a property investor and host of The Property Podcast. 🤝 Want help from a financial advisor planning your future? Get personal support: https://makingmoney.email/financial-advisors-audio ⛑️ Free guides & financi...
Oct 30, 2023•1 hr 3 min
Once you’ve decided to invest, you still need to pick which platform to use, and which fund to invest in from the many similar looking options. It can be very confusing - that’s what you’ve told us and we agree - so in this episode Damo explains to T how to do it. For Damo this has been 12-13 years in the making, finally getting T to take the plunge, open an ISA and pick a global index fund. Here’s how. If you want to watch the video version of this episode you can find it on our YouTube channel...
Oct 23, 2023•42 min
Deborah Meaden is a living legend in this country. Famous from her nearly two decades on Dragons’ Den, she became an entrepreneur at 19 years old. Her family didn’t have much money when she was growing up so she figured out how to get it - and grafted. Deborah explains how you should think about money, what she looks for in a business and how to teach kids about it so they can achieve their dreams. You can find Deborah's book 'Why Money Matters' here: https://amzn.to/3RXF3aB 🤝 Want help from a ...
Oct 16, 2023•54 min
Everyone talks about diversification, but how diverse do you really need to be? Can you just invest in one fund? Ramin Nakisa is personal finance YouTube royalty in the UK. He walks us through some of the major assets classes and their pros and cons - but also why one investment might just be enough for you to beat most professional investors, forever. This episode was recorded in July 2023 so some information may have changed since then. 🤝 Want help from a financial advisor planning your futur...
Oct 09, 2023•1 hr 2 min
You asked us: Do we step in when we see friends/family making terrible financial decisions? How does Damo plan to get to £2 million in an ISA? What is the worst stock we've ever invested in? 🤝 Want help from a financial advisor? We’ve teamed up with advisors we like so you can get 1:1 support from a professional. Learn more: https://makingmoney.email/financial-advisors-audio 📧 Free guides on personal finance Learn how to build long-term wealth in the UK: https://linktr.ee/makingmoneypod ⛑️ Che...
Oct 01, 2023•12 min
You asked us: What is the secret to quick wealth? When should you set up a limited company? Where should you store your emergency fund? Here's Damo's video where he talks about money market funds: https://www.youtube.com/watch?v=i0bBcjNyPWQ Here's Ramin Nakisa's Pensiocraft video on money market funds if you want more detail: https://www.youtube.com/watch?v=hnFnm-HPjGw&t=627s 🤝 Want help from a financial advisor? We’ve teamed up with advisors we like so you can get 1:1 support from a profession...
Sep 24, 2023•12 min
Your biggest questions: Is overpaying your mortgage a good investment compared to other things like a pension or an ISA? Should you transfer your ISA out of a managed fund to get out of paying a 1.5% fee? 🤝 Want help from a financial advisor planning your future? Get personal support: https://makingmoney.email/financial-advisors-audio ⛑️ Free guides & financial health check Learn how to build long-term wealth in the UK: https://linktr.ee/makingmoneypod 📈 Investment platforms we use Trading 212...
Sep 18, 2023•14 min
You asked us your biggest questions: Rishi Sunak says wages are driving inflation: is that really the case? Should the government raise interest rates or taxes? What will interest rates be in 2/5 years? 🤝 Want help from a financial advisor planning your future? Get personal support: https://makingmoney.email/financial-advisors-audio ⛑️ Free guides & financial health check Learn how to build long-term wealth in the UK: https://linktr.ee/makingmoneypod 📈 Investment platforms we use Trading 212 W...
Sep 11, 2023•15 min
You asked us your biggest questions: Should you stop investing in UK gilts? Is it better to save or invest right now? What do we think of AI investment tools? 🤝 Want help from a financial advisor planning your future? Get personal support: https://makingmoney.email/financial-advisors-audio ⛑️ Free guides & financial health check Learn how to build long-term wealth in the UK: https://linktr.ee/makingmoneypod 📈 Investment platforms we use Trading 212 Watch this video where Damo explains how to g...
Sep 04, 2023•17 min
You asked us your biggest questions: What have Damo and T changed about their own approaches to personal finance since starting the pod? Do you need a financial adviser? 🤝 Want help from a financial advisor planning your future? Get personal support: https://makingmoney.email/financial-advisors-audio ⛑️ Free guides & financial health check Learn how to build long-term wealth in the UK: https://linktr.ee/makingmoneypod 📈 Investment platforms we use Trading 212 Watch this video where Damo explai...
Aug 28, 2023•11 min
You asked us your biggest questions: Has being a parent affected the kinds of decisions we make? Where should a higher rate taxpayer who has maxed out ISAs and premium bonds put their money? 🤝 Want help from a financial advisor planning your future? Get personal support: https://makingmoney.email/financial-advisors-audio ⛑️ Free guides & financial health check Learn how to build long-term wealth in the UK: https://linktr.ee/makingmoneypod 📈 Investment platforms we use Trading 212 Watch this vi...
Aug 21, 2023•10 min
We answer your biggest questions: Alfie has £45k of student debt at 7.1% interest. He asks "Should I focus on trying to take chunks off this debt, with my yearly bonus, or invest it?" Adam asks "T, what kind of work do you do in crypto? And how do you see crypto/Blockchain space in the coming years in terms of uses?" What would you like to ask us? Email [email protected] or slide into our DMs. 🤝 Want help from a financial advisor planning your future? Get personal support: https://makin...
Aug 14, 2023•13 min
We answer your biggest questions: How do you handle finances with your partner, especially if one of you earns a lot more than the other? Can I just keep balance transferring my interest free credit cards forever? 🤝 Want help from a financial advisor planning your future? Get personal support: https://makingmoney.email/financial-advisors-audio ⛑️ Free guides & financial health check Learn how to build long-term wealth in the UK: https://linktr.ee/makingmoneypod 📈 Investment platforms we use Tr...
Aug 07, 2023•14 min
We answer your biggest questions: i) What should kids be taught about money? ii) What to do with a lump sum right now to make it grow? What would you like to ask us? Email [email protected] or slide into our DMs. 🤝 Want help from a financial advisor? We’ve teamed up with advisors we like so you can get 1:1 support from a professional. Learn more: https://makingmoney.email/financial-advisors-audio 📧 Free guides on personal finance Learn how to build long-term wealth in the UK: https://...
Jul 31, 2023•14 min
We answer your biggest questions: i) when should you get out of an investment? ii) why is your money not growing quickly enough? What would you like to ask us? Email [email protected] or slide into our DMs. 🤝 Want help from a financial advisor planning your future? Get personal support: https://makingmoney.email/financial-advisors-audio ⛑️ Free guides & financial health check Learn how to build long-term wealth in the UK: https://linktr.ee/makingmoneypod 📈 Investment platforms we use T...
Jul 24, 2023•11 min
We answer your biggest questions: i) when is enough, enough? ii) is gold a good investment? iii) will the stock market keep rising? What would you like to ask us? Email [email protected]. 🤝 Want help from a financial advisor planning your future? Get personal support: https://makingmoney.email/financial-advisors-audio ⛑️ Free guides & financial health check Learn how to build long-term wealth in the UK: https://linktr.ee/makingmoneypod 📈 Investment platforms we use Trading 212 Watch th...
Jul 17, 2023•15 min
