Understanding and maximising your income

Thanks for listening to show 4 of the Money Ed podcast!

This week we begin a new series: Managing your income

The next episodes are all about how we can maximise our income. We're going to look at everything to do with our income and ways we can make the most out of it.

This episode we're looking at understanding and maximising our income, focusing on topics including:

- how to increase your primary income
- ways we can earn a secondary income
- what to consider when our money is sitting in our account doing nothing
- assessing our bank account and what to think about when switching

Over the show we'll discuss these key points and so much more. Talking about our income should be something that is common place; we can learn a lot from people's past experience and their views, and engaging in personal finance is one way to do this! Understanding our income is so important as without money, we have nothing to manage! Therefore, its key to understand this and to know how to maximise our money once its come into our account

As mentioned in the show, we have shared the following links which provide even more information on what we talked about in the show.

Asking for a raise, the BBC way! Click here

Compounding interest is a complicated and powerful tool which we'll explore in more detail in a later show. But for now, this video gives a great simple example of how it works! 

And finally, here is the link to Episode 3 - The psychology behind Personal Finance

We hope you enjoy this weeks episode, and if you have any questions on anything we talked about, check out below to find out how to get in touch.

Get In Touch

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