Would you fall for a £17,000 scam? You might think you are too smart, but criminals keep coming up with frighteningly convincing ways of parting us from our hard-earned cash. Figures released last week showed that online fraud hit a new record in 2021, with under-35s increasingly the target of ‘impersonation scams’. Fewer than half of those tricked into transferring cash to criminals ever get their money back from their bank. Victims include 31-year-old Money Clinic listener Jenny. In this repea...
Jul 05, 2022•25 min•Ep 17•Transcript available on Metacast The FT just launched a new podcast on porn, power and profit. When FT reporter Patricia Nilsson started digging into the porn industry, she made a shocking discovery: nobody knew who controlled the biggest porn company in the world. Now, she and her editor, Alex Barker, reveal who is behind it and much more. This eight-part investigative podcast reveals the secret history of the adult business and the billionaires and financial institutions who shape it. Brought to you by the Financial Times and...
Jul 01, 2022•33 min•Transcript available on Metacast Most people know that you need a good credit score to be able to borrow money, but how to start building one up is a bit of a mystery. Money Clinic listener Emma, 22, has never been in debt before, apart from her student loans. However, she has heard that getting a credit card could increase her chances of being able to take out a mortgage in the future. Before she applies for one, what does she need to consider? Plus, if your credit score isn’t great, how can you improve it and why is...
Jun 28, 2022•25 min•Transcript available on Metacast Global stock markets have suffered their biggest weekly drop since the start of the pandemic, and cryptocurrencies have crashed. As younger investors struggle to absorb the losses, they also have the rising cost of living to contend with. This week, Money Clinic host Claer Barrett speaks to Ashley, a 28-year-old investor who has lost thousands of pounds, about how he’s weathering the financial storm, and two of the FT’s top investment brains unpick exactly what has been happening in world market...
Jun 21, 2022•33 min•Transcript available on Metacast Who taught you the most about money — your dad, your mum or the internet? Traditionally, parents had the biggest influence on how people managed money in their adult lives. But all that is changing. In an unofficial Money Clinic poll ahead of Father’s Day this Sunday, while 20 per cent of listeners said their dads had been the strongest financial influence in their lives, the vast majority (71 per cent) said it was the internet, raising important questions about the role of online influencers an...
Jun 14, 2022•24 min•Ep 14•Transcript available on Metacast As the cost of living rises, securing a pay rise is likely to be the top item on your financial to-do list. So how can you maximise your chances of getting one? This week on Money Clinic, we’ve joined forces with the FT’s Working It podcast to return to one of our most popular episodes: “How to ask for a pay rise - and get one!” Back in November, podcast listener Max told presenters Claer Barrett and Isabel Berwick about how he hoped to negotiate a raise with his current employer after bei...
Jun 07, 2022•21 min•Ep 13•Transcript available on Metacast Introducing Behind the Money. This is part 1 of 2 in a mini-series on crypto. Part 2 is available now here: https://link.chtbl.com/BTMMC First up, we're wondering: is a crypto vibe shift underway? Bitcoin’s price has been dropping for weeks and earlier this month, a popular stablecoin collapsed. FT reporter Ethan Wu explains how the effects of that rippled into other areas of the crypto universe. Michela and Ethan will talk about what stablecoins are and why they matter — even for people who are...
Jun 01, 2022•20 min•Transcript available on Metacast Rishi Sunak has just unveiled a £15bn support package to help households as the average UK energy bill is predicted to hit £2,800 a year. Even with the chancellor’s help, plenty of people will still be feeling the pinch - but this episode is packed with practical tips and advice to help you save on your energy bills. Presenter Claer Barrett hears from Bella who is renting a draughty Victorian flat, and wants to know her rights before she tackles her landlord. Homeowner Sam has seen his bil...
May 31, 2022•22 min•Ep 12•Transcript available on Metacast This month’s crash in the value of cryptocurrencies has wiped out investments for people all over the world. In Bangalore, 29-year-old Subbaiah watched in horror as his $7,000 crypto holdings in luna and terra collapsed. Even investors holding other cryptocurrencies as part of a diversified portfolio are feeling the sting. Scott Chipolina, the FT’s digital assets correspondent, and Ilan Solot, a partner at crypto group Tagus Capital, discuss what the future could hold for crypto as an asset clas...
May 24, 2022•30 min•Ep 11•Transcript available on Metacast Behind the Money is back with all-new episodes! From hostile takeovers to C-suite intrigue, Behind the Money takes you inside the business and financial stories of the moment with reporting from Financial Times journalists around the world. The podcast returns May 25. You can follow the show now! Hosted on Acast. See acast.com/privacy for more information....
May 20, 2022•1 min•Transcript available on Metacast If you hated maths at school, does it follow that you’ll be bad at managing money as an adult? Money Clinic host Claer Barrett hears from Jade, a 21-year-old self-employed graduate, who says even thinking about numbers makes her feel anxious, bringing back memories of not knowing the answer in school maths lessons. In her adult life, it’s affecting Jade’s ability to manage her finances, particularly as the cost of living rises. But Jade’s problem is far from uncommon — half of working-age adults...
May 17, 2022•23 min•Ep 10•Transcript available on Metacast A year ago, 24-year-old Evvia, a full-time care assistant in Norwich, started a vintage knitwear business from her bedroom. Today, her Loupy Studio label has more than 40,000 followers on Instagram, and she’s receiving orders from all over the world. Evvia’s creations are in such hot demand she’s going to have to scale back her hours at her day job — but she wonders how this might knit together financially. Money Clinic host and FT consumer editor Claer Barrett gets advice from Jo Ellison, edito...
May 10, 2022•29 min•Ep 9•Transcript available on Metacast Buying your first home is one of the biggest financial decisions you’ll ever have to make, so how can you prepare for it? On the Money Clinic podcast this week, presenter Claer Barrett meets a couple — 29-year-old Alex and her partner 31-year-old Sarah — who are midway through their property buying journey. They have lots of questions: Did they get the right kind of mortgage? Should they prepare for unexpected costs? And what other financial questions should they consider before signing on...
May 03, 2022•30 min•Ep 8•Transcript available on Metacast How financially compatible are you as a couple? On Money Clinic podcast this week, presenter Claer Barrett meets newly-weds Sahil and Priya, who have very different attitudes to money. Sahil is a spender and a high-risk investor. Priya is a diehard saver who finds it hard to enjoy spending her hard-earned cash. The couple want to iron out their financial differences, but confess that conversations about money often end in arguments or nagging. Financial psychotherapist Vicky Reynal examines the ...
Apr 26, 2022•31 min•Transcript available on Metacast Record inflation! Soaring energy prices! Tax rises! Those are the gloomy economic and financial headlines, but three-quarters of the readers who answered an FT poll said they expected their bonus to be bigger, or substantially bigger, than last year’s. If you’re lucky enough to be one of those people, this episode is for you, because the squeeze on living standards and turbulent world markets mean it’s even more important to use your bonus wisely. Claer is joined in the FT studio by ...
Apr 19, 2022•26 min•Transcript available on Metacast Why does the crew of the world’s biggest rock band have its own financial literacy programme? Well, life in the music industry is rife with financial instability - workers are often on short-term contracts, missing out on employee benefits such as pension savings and health insurance. A tour can stop at the drop of a hat - when a rockstar breaks their leg, or a pandemic hits - and workers are left without any income. That's why, when the retirement planning nonprofit, Alliance for Lifetime Incom...
Apr 12, 2022•25 min•Transcript available on Metacast Ashley dreams of owning his own home, but is well aware that the cash he is saving for a deposit is at the mercy of rising inflation. Would he be better off investing his money in his pension, in stocks and shares, or should he stay focused on getting on the property ladder? Expert guests Paul Johnson, director of the Institute for Fiscal Studies, and Jason Butler, financial guru and FT columnist, have lots to say about the challenges facing younger investors, and offer tips for devising a long-...
Apr 05, 2022•31 min•Transcript available on Metacast With so many investing options out there, getting the right balance for your portfolio can be difficult. So this week presenter Claer Barrett has invited two listeners in for a portfolio makeover. Thirty-seven-year-old James holds UK-focused equities in his stocks and shares Isa. He was doing well, but market movements and rising inflation have made him think he might need to diversify. Thirty-four-year-old Gillian has taken a different approach, investing as much as she can into her company pen...
Mar 29, 2022•30 min•Transcript available on Metacast Investors traditionally turn to gold as a ‘haven investment’ during volatile times so it will come as no surprise that Russia’s invasion of Ukraine, as well as rising global inflation, have caused a jump in its price. But there are many ways to invest in gold and in this episode, presenter Claer Barrett, the FT’s consumer editor, visits the vault of a gold shop in Mayfair and speaks to FT columnist Merryn Somerset Webb about what role gold can play in an investment portfolio. Read Merryn’s colum...
Mar 22, 2022•26 min•Ep 2•Transcript available on Metacast Next month has been dubbed ‘Awful April’ as the cost of pretty much everything is going up — but is your budget ready to withstand the strain? 22-year-old podcast listener Lil is worried about how she’ll cope with higher energy bills, rising rent and bigger food bills at the supermarket — not to mention National Insurance increases and changes to her student loan repayments. She’s already pretty thrifty — so can presenter Claer Barrett come up with more ways that Lil could stretch her money furt...
Mar 15, 2022•29 min•Ep 1•Transcript available on Metacast From the highs and lows of crypto, to weathering the cost of living crisis, to your financial compatibility with your partner - Money Clinic is here to help you feel more in control of your finances. New episodes every Tuesday from March 15. Presented by Claer Barrett. Produced by Persis Love. Our executive producer is Manuela Saragosa. Sound design is by Breen Turner, with original music from Metaphor Music. Hosted on Acast. See acast.com/privacy for more information....
Mar 08, 2022•57 sec•Ep 1•Transcript available on Metacast REPEAT: This week, Money Clinic is having a pay rise takeover - we’ll be pulling apart that big, scary box labelled ‘Asking for a pay rise’ - and unpacking the dos, the don’ts, the tips and tricks for getting the salary you think you are worth. Visiting our pay-rise clinic today are three podcast listeners with three different financial predicaments: Natalie keeps getting knocked back when she asks for a raise; Max knows that he could get paid more elsewhere, and Charlotte is trying to negotiate...
Jan 11, 2022•30 min•Transcript available on Metacast With nearly 11m people in the UK set to file their tax returns by January 31, are you dreading the annual nightmare - or have you already got it licked? In this bonus episode of Money Clinic, we answer all of the questions about tax returns that you wanted to ask. With more people starting side-hustles and small businesses during the pandemic, how much extra income do you need to earn before you have to submit a return? Presenter Claer Barrett discusses how apps can make the whole process easier...
Jan 04, 2022•20 min•Transcript available on Metacast When Lucy Kellaway left the Financial Times and retrained as an economics teacher, she could not have predicted how the cryptocurrency craze would sweep through British classrooms. But is there anything on the school curriculum to teach teens about the risks of unregulated investments, or even basic financial literacy? Lucy thinks not. The FT’s Financial Literacy and Inclusion Campaign — FLIC for short — is hoping to change all that. In this special Christmas edition of the Money Clinic podcast,...
Dec 21, 2021•23 min•Ep 16•Transcript available on Metacast REPEAT: 2021, like 2020, was another turbulent year for most people’s finances, but the new year provides the perfect opportunity to set some “financial resolutions”.The guests on Money Clinic are millennial couple Toby and Siobhan and they’re looking for some timeless “fin-spiration” to get their money to work harder. They’ve paid off their credit cards under lockdown, and are wondering where to direct their spare cash. How much could they save if they overpaid their mortgage — and how would th...
Dec 14, 2021•26 min•Transcript available on Metacast REPEAT: Claer explores how young people can use the popular tax-free Isa accounts to invest or buy their first property. This week, she meets Ryan, a 22-year-old graduate who confesses he has three Isa accounts, but doesn’t know how best to use them — or how to unlock savings bonuses potentially worth tens of thousands of pounds. Expert and practical help is on hand from Harleigh Reid , who used a Help to Buy Isa to buy her first flat at the age of just 24, and Young Money blogger Iona Bai...
Dec 07, 2021•25 min•Ep 214•Transcript available on Metacast REPEAT: Putting all of your pension savings in one place to make it easier to manage your retirement plans sounds like a sensible idea — but it’s not necessarily the right solution for everyone. Claer Barrett meets 51-year-old Tina who has spent lockdown searching for all of her old pensions: some have performed better than hoped, but others have had high charges, and she has a gap in her UK state pension contributions due to working overseas. Experts Sir Steve Webb of Lane Clark & Peacock a...
Nov 30, 2021•26 min•Transcript available on Metacast This week, Money Clinic is having a pay rise takeover - we’ll be pulling apart that big, scary box labelled ‘Asking for a pay rise’ - and unpacking the dos, the don’ts, the tips and tricks for getting the salary you think you are worth. Visiting our pay-rise clinic today are three podcast listeners with three different financial predicaments: Natalie keeps getting knocked back when she asks for a raise; Max knows that he could get paid more elsewhere, and Charlotte is trying to negotiate a bonus...
Nov 23, 2021•29 min•Transcript available on Metacast Following the COP26 conference in Glasgow, many climate-conscious investors want to know how to match up their investments with their values. The short answer is environmental, social and governance investing — ESG for short. But there are plenty of questions around how ‘green’ this really is. Thirty-year-old Harri appeared on one of the first episodes of Money Clinic last year, and his decision to invest in ESG funds appears to have paid off: he has made a decent return. However, he wonde...
Nov 16, 2021•23 min•Ep 211•Transcript available on Metacast Many dream of being an elite footballer, but what’s it like actually earning a professional player’s salary? In the second half of this two-part podcast special, Claer Barrett explores the darker side of earning staggering sums as a young player. Unscrupulous financial advisers, risky investments, gambling, injuries and early retirement can all cut short your earning potential - and there are lessons here for all of us. She hears from Gareth Farrelly, a former Premier League footballe...
Nov 09, 2021•25 min•Transcript available on Metacast 
