Making Money

In today's capitalism, who truly holds the reins of power? Merryn Somerset Webb is a Senior Bloomberg columnist and former editor of Money Week. In her book Share Power, she argues we, investors, need to take back control of our votes in the companies we own. She also believes that the next decade for investors will be dramatically different to the last. You can buy Merryn’s book here: https://amz...

Do you invest in bonds? You might not realise it but you probably do. If you have a workplace pension the default is to invest you in both stocks and bonds. But is this actually the right way to build long-term wealth? Ramin Nakisa from the PensionCraft YouTube channel, and friend of the podcast, is a fan of bonds. That doesn’t mean he thinks they’re always the right choice but he believes they ca...

What would you do if you were scammed? Do you know what kinds of things the banks look for when evaluating if you should get your money back? Katie Morley is consumer champion for the Telegraph. She’s won back around 10 million pounds for scam and fraud victims including those who should have been protected but weren’t. You can contact Katie at: katie.morley@telegraph.co.uk **You usually have up t...

If you could do more with your time, what could you accomplish? Ali Abdaal started his YouTube channel as a side hustle while he was a medical student. He now has over 5 million subscribers and makes 5 million pounds a year.. An expert in productivity, he’s literally written a book on it, the New York Times bestseller ‘Feel Good Productivity’. You can order Ali’s book here: https://amzn.to/3URBIvg...

You asked us: Are you shooting yourself in the foot by investing in ESG (environmental, social and governance) funds? Should you sell your Pokemon card collection to invest in index funds? -- 💬 Do you have a money story you'd like to share on the podcast? ⁠⁠https://makingmoney.email/listener-story-form 🤝 Find the right financial adviser service for you & book free chat: ⁠⁠⁠⁠https://makingmoney.e...

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? 🤝 Find the right financial adviser service for you & book free chat: ⁠⁠⁠⁠https://makingmoney.email/financial-advisors-audio⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 🎉 Sponsors Franchise Exhibition - go for free: ⁠⁠⁠⁠⁠⁠⁠⁠https...

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? -- 🤝 Find the right financial adviser service for you & book free chat: ⁠⁠⁠⁠https://makingmoney.email/financial-advisors-audi...

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,...

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 t...

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 💬 Do you have a money story y...

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...

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 wi...

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? 💬 Do you have a money story you'd like to share on the podcast? ⁠⁠https://makingmoney.email/listener-story-form 🤝 Find the right financial adviser service for you & book free chat: ⁠⁠⁠⁠https://makingmoney.email/fin...

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? 🤝 Find the right financial adviser service for you & book free chat: ⁠⁠⁠⁠https://makingmoney.email/financial-advisors-audio⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 🎉 Sponsors Franchise Exhibition - go for fre...

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 mig...

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 yo...

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)....

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. 💬 Do you have a money story you'd like to share on the podcast? ⁠⁠https://makingmoney.email/listener-story-form 🤝 Want 1:1 financial help from us? Answer a few questions to find the right se...

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 clim...

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. 💬 Do you have a money story you'd like to share on the p...

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’...

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...

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 som...

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? 💬 Do you have a money story you'd like to share on the podcast? ⁠⁠https://makingmoney.email/listener-story-form 🤝 Find the right financial adviser service for you & book free chat: ⁠⁠⁠⁠https://makingmoney.em...

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 💬 Do you have a mone...