Mat from @thequidsquid joins me on this episode to discuss all things budgeting.
From different budgeting methods, to budgeting techniques, to useful budgeting tools and apps, to juggling your budget whilst investing and saving.
Mat shares how he used budgeting personally to save for his own house. As well as how to go about budgeting the average UK salary of £35,000.
Listen to the podcast episode for the full details!
Timestamps:
0:00 - Intro
1:17 - Different budgeting methods
3:25 - 50/30/20 budgeting
7:39 - What techniques did Mat follow to save for a house
9:45 - Zero-based budget
14:14 - Budgeting for investing
17:13 - Other budgeting tips - mindset, LISAs
22:23 - How to budget the average £35,000 UK salary
26:25 - How much should you save/invest?
31:08 - Budgeting apps and tools
36:34 - Using multiple accounts
41:26 - Final quickfire budgeting tips
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Tom from @tom.tpf joins me on this podcast episode to discuss a very important question what is the best global ETF for UK investors?
As Tom and I discussed on our previous podcast episode, investing really can be made simple - invest into a global fund and do this consistently for decades.
However, which global ETF is best? There are many to choose from and the jargon can be confusing. So, in this episode we compare 5 of the most popular global ETF options.
What makes them different? Primarily the number of underlying holdings (essentially the number of stocks in the ETF) and the fees that they charge.
We go through each of the ETFs and then conclude on which one (or ones) are the best for investors.
This episode will be very helpful if you're a long term global fund investor.
Listen to this podcast episode for the full details.
Timestamps:
0:00 - Intro
0:58 - Why use a global fund?
1:45 - Some global fund aren’t truly global?
4:55 - FTSE All World - VWRP & FWRG
9:02 - MSCI ACWI - SSAC & ACWI
15:35 - Solactive GBS Global Markets - PACW
21:35 - Which one is best?
26:47 - Final thoughts
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Will from @nextgenngpf joins me on this podcast episode to explain exactly how he has built his own investment portfolio from £0 to £15,000 by age 23.
This includes what specific platforms to look into and what specific ETFs to consider investing into.
Investing seems very complicated, which is why reason why many people never start. But it can be made very simple and very passive.
Will runs us through his exact approach on how he's done that, his mistakes along the way, as well as how to plans to keep building his portfolio moving forward.
If you're looking to start investing, this podcast episode will be a massive help.
Timestamps:
0:00 - Will’s top 3 tips for beginner investors
4:51 - Investing mistakes to avoid
8:28 - How can a beginner investor actually start investing?
13:14 - What Will invests into in his investment portfolio
20:26 - Does investing need to complicated?
22:20 - Money psychology investing lessons
25:25 - Investing book recommendations
28:24 - Will’s future investing plans
30:42 - Outro
Listen to this podcast episode for the full details.
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Tom from @tom.tpf joins me on this podcast episode to go through exactly what to look for when selecting an index fund or ETF to invest in.
Investing really can be made simple - invest into a global fund and do this consistently for decades.
However, how can you pick a fund? What should you look for?
It can get a bit technical. And in this episode we run through the nitty gritty of exactly what criteria to look for when selecting a fund.
This includes the underlying holdings, tracking errors, fees, fund size (or AUM 'Assets under management), and more.
On top of this, when it actually comes to then picking a fund on an investment platform and actually investing your money, there are a few more important differences.
What are they? They are differences in the fund provider, how dividends are treated and currency.
This episode will be a very valuable listen if you are planning to invest into funds for the long term.
Timestamps:
0:00 - Intro
1:34 - What is an ETF?
2:25 - Why is this a good way to invest?
3:54 - UCITS
5:11 - Underlying holdings
9:38 - Fees
11:39 - Domicile
13:50 - Tracking Error
17:09 - Fund size, bid ask spreads, liquidity
20:14 - Method of replication
24:13 - Fund provider
26:04 - Income vs Accumulation
28:45 - Currency
33:16 - Summary
Listen to this podcast episode for the full details.
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Neil from @NeilInvests joins me on this podcast episode for a fascinating and insightful chat where we discussed his entire investing journey to date and his future investing plans.
For context, Neil is currently in his 40's and is planning to build his Stocks & Shares ISA portfolio to £500k+ to enable an earlier retirement.
Neil runs us through the specific investment platform he uses, why he uses a Stocks & Shares ISA, and why he specifically invests into the S&P 500 and FTSE All World.
But that's not all. We cover his biggest investing mistakes, favourite investing books, why he doesn't plan to invest into bonds, how he plans to live off of his investment portfolio, and a lot more.
Listen to this podcast episode for the full details.
Timestamps:
0:00 - Intro
1:15 - Neil’s overall approach
4:45 - Neil’s investing journey and mistakes
10:10 - The difficulty of stock picking
12:20 - Do you need a financial advisor?
14:36 - Why did you choose Trading212?
18:58 - Why a Stocks & Shares ISA?
24:05 - Why the Vanguard S&P 500 Income ETF and Invesco FTSE All World Income ETF?
27:10 - US or Global ETF?
28:50 - Crypto investing
31:36 - Why use Income/Distributing ETFs?
34:40 - Neil’s exit plan to live off of his investments
38:34 - What about bonds?
41:09 - Will you take the pension tax-free lump sum?
43:25 - Book recommendations to get started investing
46:01 - Outro
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
With Bitcoin back at all time highs I've received a few questions on cryptocurrency recently, so I thought I would collate them all into one podcast episode where I run through my exact crypto approach and strategy.
From the platforms I use, to cryptos I invest in, to how I store my crypto.
We discuss all of this and more in this episode.
Timestamps:
0:00 - Intro
1:19 - Crypto market cap
2:14 - How many are there?
2:47 - The biggest cryptos
3:57 - Recent updates
4:27 - My overall strategy
6:50 - Platform to use
9:06 - Cryptos I invest into
12:24 - How to store crypto
14:18 - My approach recap
15:01 - Crypto taxes
16:30 - Indirectly invest into crypto in your ISA and Pension
17:42 - Crypto ETFs
18:15 - How to stay safe
18:42 - Books to read
19:45 - Outro
Listen to the episode for the full details.
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Massive shoutout to Ian who asked these brilliant questions.
From transferring defined benefit and defined contribution pensions, to comparing the index providers of FTSE and MSCI, from UK stocks and their fees, to investing into bonds, and a lot more. This episode has a little bit of everything. Timestamps for each question are below.
And if anyone is keen to get involved in a future 4-week investing crash course, give me a shout and I'll add you to the waitlist (IG - makingmoneysimple, email - makingmoneysimple1@gmail.com).
Timestamps:
0:00 - Intro
1:07 - Fees for non-UK stocks? Plus, should we focus on UK-listed stocks?
3:22 - And what about ETFs?
4:22 - Why are UK stocks listed in pennies?
5:53 - Can a company create new/more shares?
7:41 - And what about a company buying back shares?
8:34 - Index funds: FTSE vs MSCI?
11:22 - How to differentiate between indexes?
12:39 - Back to FTSE vs MSCI?
15:01 - Will the Cash ISA allowance be reduced?
16:06 - Are bond investments worthwhile?
17:58 - What is my personal annual rate of return?
19:19 - Has my portfolio recovered after the 2025 market drop?
21:31 - Pensions introduction
22:22 - Can any pension be transferred?
29:03 - Outro
Listen to the episode for the full details.
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
What happens if the dip keeps on dipping?
When the market falls, no one knows: 1. How big the fall with be. 2. How long the fall will last. 3. When the market will bounce back.
This is exactly why I don't personally 'buy the dip'. Long story short, because it's impossible to time the best time to invest. Which is why only investing when the market ‘dips’ is a losing strategy over the long term.
The much better strategy - in my opinion - is the following two steps:
1. Stay invested
At all times. After all, I don’t need this money for the long term. And it’s impossible to time the right moments to buy and sell.
2. Keep investing
‘Cost averaging’ by investing every single month. No matter what.
I do this personally by primarily investing into low cost global index funds and ETFs. No need to overcomplicate your investing strategy.
Then let time and compound interest grow your wealth
Listen to the episode for the full details.
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
The stock market has been rough in 2025. Both the US stock market and global stock market are down heavily since the beginning of 2025.
Time to panic? I don't think so.
As we go through in this episode, the big mistake that people often make at these uncertain moments is panic selling. We need to avoid that.
Not just because it is impossible to 'time' when to get back into the markets, but also because the historical data backs up that these types of falls happen regularly in the stock market. And these falls might even be a good thing if you're a long term investor...
What am I doing? Not panic selling, continuing to hold my investments and continuing to invest.
What should you do? During this episode I share the 4 things that you should do - right now - in my opinion.
Listen to the episode for the full details.
0:52 - What's the damage so far?
3:12 - Stock market crash stats from history
5:51 - The big mistake people make
7:17 - My losses & why this could be good
10:14 - Why do optimists win?
13:04 - What should you do?
15:05 - Summary
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Alex from @wealthbyAlex joins me on this episode of the podcast to discuss all things pension. This episode really is a 'crash course' in absolutely everything that you need to know about pensions.
Alex is extremely knowledgeable on pensions and if you have any type of pension then this episode will be extremely helpful to allow you to cut through the noise and jargon surrounding pensions.
Pensions are often misunderstood, but they are one of the best (if not the best) ways to grow our wealth and then retire one day.
In this episode we discuss the state pension, defined benefit pensions (DB) and defined contribution pensions (DC). On this last one, these DC pensions include both workplace pensions and SIPPs (self invested personal pensions).
We ran through common misconceptions, how to make the most of your pensions, when to consider switching platforms, fees, funds, and a lot, lot more (timestamps below).
Listen to the episode for the full details.
0:00 - What is a pension
3:02 - The 3 types of pension
7:27 - Defined benefit (DB) pensions
13:32 - How does a workplace pension work
23:00 - Common pension misconceptions
25:30 - Making the most of your workplace pension
32:30 - SIPPs (private/personal pension)
37:26 - Moving workplace pension to a SIPP
45:32 - Limited companies and pensions
46:51 - Stocks & Shares ISAs vs Pensions
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Will the stock market crash? If so, when will it happen? When it does happen, when will the bottom be? And when will it bounce back to a new high?
These are all great questions that we discuss in this podcast episode.
Spoiler alert though - I have no idea. And no one else does either.
'Timing the market' is impossible.
Whilst the stock market is currently 'high', it could go even higher. Or there could go a massive crash tomorrow. Unfortunately no one knows.
Timing the highs and lows are almost impossible and missing just a few of the best days in the market could reduce your returns greatly.
As we discuss in the episode, a stock market crash is a matter of WHEN, not IF. The stock market will crash - 100%. If we look back at history, there are regular dips, corrections and crashes. However, it is impossible to predict this WHEN.
Hopefully this episode can help to provide some comfort to long term investors.
Listen to the episode for the full details.
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Which ISA is best? That is the topic of today's episode.
First, we cover exactly what an ISA - or Individual Savings Account - is and break down how each of the 4 different types of adult ISAs actually work.
We then move into which ISAs are likely to be best to prioritise in certain situations.
Overall, and everyone's situation will be slightly different, Stocks & Shares ISA will give you the most 'profit' (most likely). This is because over the long term the gains and dividends can exponentially grow your wealth.
However, Lifetime ISAs (specifically Cash LISAs) are a fantastic vehicle to save for your first house deposit. And Cash ISAs can be useful in some specific scenarios, like if you will breach your personal savings allowance and have to be some tax on your savings interest.
Listen to the episode for the full details.
Timestamps:
0:34 - What is an ISA?
3:46 - Cash ISA
5:58 - Stocks & Shares ISA
7:37 - Innovative Finance ISA
8:26 - Lifetime ISA
13:06 - Why I don’t like S&S LISAs
17:19 - Which ISA to prioritise in specific situations?
20:25 - ISA allowance
21:21 - Which ISA is best
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Sammie from @upthegainsmoney joins me on this episode to discuss how we can achieve financial freedom.
It comes back to our 'FIRE number', the number we need to grow our investment pot to to then achieve financial freedom.
Which is why 'retirement' is a number and not an age.
Sammie introduces a concept called 'the gap'. We all have a gap and in order to reach financial freedom Sammie helps to explain a process of how we can close that gap and reach financial freedom quicker.
Listen to the episode for the full details.
Sammie @upthegainsmoney - https://www.instagram.com/upthegainsmoney/
Sammie's course - https://www.stockmarketschool.co.uk/
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
In this video I discuss what will happen to the financial markets in 2025.
First though, it's helpful to revisit what was predicted in 2024. And then what actually happened in reality.
There was a big difference. Including the world's biggest bank getting their prediction wrong by an unbelievable 38%.
In fact, since I started investing back in 2017, I think there has been a 'big crash' predicted every year. Yet, the US and global stock markets are much, much higher than 2017.
You probably know where I am going with this, but it is impossible to know what will happen and it is impossible to time the market, as we discuss during this episode.
The best thing is to start investing and keep investing. It's impossible to predict what will happen from year to year, but by the market goes up slowly over the long term. And by investing you're giving your money the chance to beat inflation and compound.
Listen to the episode for the full details.
Timestamps:
0:00 - Intro
1:11 - Looking Back At 2024
8:08 - What Will Happen In 2025
13:19 - Start Investing Now
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
In this video I discuss exactly how I invested £17,976 across 2024.
Including the platforms I use to invest and the specific investments I've made down to the penny.
The very large majority of this money went into global index funds and ETFs. That's the investing approach that I personally follow.
I then also invested a little bit of money into crypto.
Listen to the episode for the full details.
Timestamps:
0:00 - Intro
4:07 - Global Fund 1
6:22 - Global Fund 2
10:10 - Crypto
12:30 - 2024 Reflection
14:09 - 2025 Plan
15:22 - Get Started Now
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
In this video I discuss the recently announced changes to Vanguard UK fees.
This took me by surprise.
In short, if you have <£32k on Vanguard's platform across your ISA, SIPP and GIA then you will be paying a £4 p/m fee from 31 January 2025 onwards. If you have >£32k then you are not impacted by this. This fee change also doesn't impact Junior ISAs.
In this podcast episode we run through the details of the fee change, the maths of it, who will be the worse impacted, whether you should consider switching or staying, and for those who will switch what platform and/or fund you should switch to.
Two specific platforms are appealing if you wanted to switch and I have linked them below.
Listen to the full episode for all the details!
- Trading212 - https://www.trading212.com/join/MMS (or use promo code 'MMS'). Affiliate link. To get free fractional shares worth up to 100 EUR/GBP, you can open an account with Trading 212 through this link. Terms apply.
- Invest Engine - https://investengine.pxf.io/LKKVEL (or use promo code 'MMS'). Affiliate link. Capital at risk. T&Cs apply. Minimum investment of £100. Must stay invested for at least 12 months.
These are both affiliate links, thanks in advance to anyone who uses them. T&C's apply, with investing your capital is at risk.
Timestamps:
0:37 - The Details
5:04 - The Maths
7:09 - Important Points
10:03 - What Should You Do
14:42 - What Platform To Switch To
17:55 - FTSE Global All Cap Equivalent?
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
In this video I discuss my brand new book Stop Waiting, Start Investing - that came out on 26 November 2024 - in more detail, run through the investing mistakes I made (of which there were quite a few) and take you on the journey of how I built my portfolio from £0 to £100,000+ over the last 7 years.
To do this I didn't do anything special or inherit any more, and I'm certainly not a genius, but I share what I did - mainly consistently prioritising investing over the years.
Finally, we touch on compound interest. Including the importance of it in building your wealth and a few specific examples.
Listen to the full episode for all the details!
Timestamps:
3:16 - My Mistakes
10:43 - Tangent on Workplace Pensions
12:12 - My Investing Journey
20:34 - Compound Interest
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Monty from @montylanefinance joins me on this episode of the podcast to talk all things investing.
Monty has grown his investment portfolio from £0 to £89,000+ over the last 3 years, spread across a Stocks & Shares ISA and SIPP, and is on his way to a six-figure investment pot.
That's a huge sum of money in a short space of time - so I wanted to find out how he did it.
We discuss Monty's switch from individual stocks to index funds and ETFs, the two investment platforms that he uses, as well as the five specific funds that Monty invests into to build his wealth.
Listen to the full episode for all the details!
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More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
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⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
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📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Iain from @IainJGeddes joins me on this episode of the podcast to talk about investing for your children.
If you don’t currently have children, this is useful future information. Even if you don’t want children, you can hopefully pass on this knowledge to friend's children, nephews and nieces.
We have three main options: Junior Stocks & Shares ISA, Junior SIPP, or using part of your own adult Stocks & Shares ISA allowance.
Each option has different pros and cons.
The key with the two ‘Junior’ options is that the money legally becomes your child’s at 18 (Junior Stocks & Shares ISA) or at 55 (Junior SIPP).
If you’re skeptical they may misuse the money, or you just want more control, you can use part of your own adult ISA allowance - assuming you have some left - to invest for your children.
The greatest asset that children have is time. Due to compound interest, even small amounts contributed today have the chance to grow for decades to come.
Listen to the full episode for all the details!
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More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
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⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
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📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
In this video I go through everything that you need to know about investing and taxes in the UK.
This includes the 3 main vehicles we can use to invest in the UK - ISAs, pensions and general investment accounts.
And the 3 main 'phases' of investing - before investing, during investing (i.e when we are invested in something) and when withdrawing.
Ultimately, ISAs and pensions have great tax advantages. So if possible, make the most of these.
But, GIAs do have their place in specific situations. Not to mention that for some types of investments (e.g crypto) we can only use GIAs to invest.
Just be aware that with GIAs we may be liable to pay capital gains tax and/or dividends tax.
Capital gains tax arises when we sell, and the allowance is currently £3,000 per tax year.
Dividend tax arises when we earn dividends and this happens when we're investing as most funds pay dividends, and the allowance is currently £500 per tax year.
Listen to the full episode for all the details!
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More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
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📥 Get in touch: https://www.makingmoneysimple.co.uk/contact