Making Money listener Amy followed all the right steps for 15 years, but one decision ended up costing her tens of thousands of pounds.

Get in touch with us: [email protected]

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📈 Investment platforms we use:

Trading 212

Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1.

https://www.trading212.com/promocodes/MM

 If you do not get your free share after depositing at least £1, use the promo code ‘MM’ (for Making Money). You can use this code for up to 10 days after opening the account.

InvestEngine 

Get a £25 bonus when you invest at least £100.

https://investengine.pxf.io/daOD2Q

Vanguard

https://www.vanguardinvestor.co.uk/

This is not an affiliate link.

🏥 Life insurance, income protection and critical illness cover

We work with Heath Protection: https://heathprotection.co.uk/

If you purchase a product or service using one of these links, we may receive a small commission from the seller. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.

🎉Sponsors

Vanta - Get your company secure and compliant, with $1k off: https://vanta.com/makingmoney.

Tide - Get 4.07% AER Variable for your business account: https://makingmoney.email/tide.

MoneyWeek - Get 6 editions of quality financial journalism for free: moneyweek.com/makingmoney.

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Disclaimer:

This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.

Andrew Craig is the author of How To Own The World and founder of Plain English Finance. His new book is ‘Our Future Is Biotech’.

✉️ 80% of what you need to know about personal finance on 2 pages

Download: https://makingmoney.email/basics-guide

📈 Investment platforms we use:

Trading 212

Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1.

https://www.trading212.com/promocodes/MM

 If you do not get your free share after depositing at least £1, use the promo code ‘MM’ (for Making Money). You can use this code for up to 10 days after opening the account.

InvestEngine 

Get a £25 bonus when you invest at least £100.

https://investengine.pxf.io/daOD2Q

Vanguard

https://www.vanguardinvestor.co.uk/

This is not an affiliate link.

🏥 Life insurance, income protection and critical illness cover

We work with Heath Protection: https://heathprotection.co.uk/

If you purchase a product or service using one of these links, we may receive a small commission from the seller. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.

🎉Sponsors

Vanta - Get your company secure and compliant, with $1k off: https://vanta.com/makingmoney.

Tide - Get 4.33% AER Variable for your business account: https://makingmoney.email/tide.

MoneyWeek - Get 6 editions of quality financial journalism for free: moneyweek.com/makingmoney.

✉️ Get a summary of this episode through our newsletter:

Sign up: https://makingmoney.email/S5E3

Disclaimer:

This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.

In this session we streamed live. I break down the Budget with Paul Johnson, Director of the Institute for Fiscal Studies (IFS), and Claer Barrett, Consumer Editor at the Financial Times.

🚀 6 steps to change your financial future - free guide

Learn how to get better with money & build wealth in the UK. Get our 6-part newsletter series: https://makingmoney.email/newsletter-series

📈 Investment platforms we use:

Trading 212

Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1.

https://www.trading212.com/promocodes/MM

 If you do not get your free share after depositing at least £1, use the promo code ‘MM’ (for Making Money). You can use this code for up to 10 days after opening the account.

InvestEngine 

Get a £25 bonus when you invest at least £100.

https://investengine.pxf.io/daOD2Q

Vanguard

https://www.vanguardinvestor.co.uk/

This is not an affiliate link.

🏥 Life insurance, income protection and critical illness cover

We work with Heath Protection: https://heathprotection.co.uk/

If you purchase a product or service using one of these links, we may receive a small commission from the seller. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.

🎉Sponsors

Vanta - Get your company secure and compliant, with $1k off: https://vanta.com/makingmoney.

Tide - Get 4.33% AER Variable for your business account: https://makingmoney.email/tide.

MoneyWeek - Get 6 editions of quality financial journalism for free: moneyweek.com/makingmoney.

Disclaimer:

This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.

George Agan is a Chartered Financial Planner who’s helped thousands of people plan for their financial future. Can you afford the retirement you want? If not, how are you going to get there? 

☕ Want help from George with your finances?

You can get guidance 1:1 for a flat hourly rate. If you want more info on this service, email Damo's Co-Founder on [email protected].

🚀 6 steps to build wealth - free guide

Learn how to get better with money so you can build wealth in the UK. Get our free 6-part newsletter series: https://makingmoney.email/newsletter-series

📈 Investment platforms we use:

Trading 212

Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1.

https://www.trading212.com/promocodes/MM

 If you do not get your free share after depositing at least £1, use the promo code ‘MM’ (for Making Money). You can use this code for up to 10 days after opening the account.

InvestEngine 

Get a £25 bonus when you invest at least £100.

https://investengine.pxf.io/daOD2Q

Vanguard

https://www.vanguardinvestor.co.uk/

This is not an affiliate link.

🏥 Life insurance, income protection and critical illness cover

We work with Heath Protection: https://heathprotection.co.uk/

If you purchase a product or service using one of these links, we may receive a small commission from the seller. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.

🎉Sponsors

Vanta - Get your company secure and compliant, with $1k off: https://vanta.com/makingmoney.

Tide - Get 4.33% AER Variable for your business account: https://makingmoney.email/tide.

MoneyWeek - Get 6 editions of quality financial journalism for free: moneyweek.com/makingmoney.

✉️ Get a summary of this episode through our newsletter:

Sign up: https://makingmoney.email/S5E2

Disclaimer:

This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.

Liam Byrne is the Labour MP for Birmingham Hodge Hill & Solihull North. He’s written a book called ‘The Inequality of Wealth’.

✉️ 80% of what you need to know about personal finance on 2 pages

Download: https://makingmoney.email/basics-guide

☕Want guidance 1:1 from a financial advisor?

Email [email protected] for more info.

📈 Investment platforms we use:

Trading 212

Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1.

https://www.trading212.com/promocodes/MM

 If you do not get your free share after depositing at least £1, use the promo code ‘MM’ (for Making Money). You can use this code for up to 10 days after opening the account.

InvestEngine 

Get a £25 bonus when you invest at least £100.

https://investengine.pxf.io/daOD2Q

Vanguard

https://www.vanguardinvestor.co.uk/

This is not an affiliate link.

🏥 Life insurance, income protection and critical illness cover

We work with Heath Protection: https://heathprotection.co.uk/

If you purchase a product or service using one of these links, we may receive a small commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.

🎉Sponsors

Vanta - Get your company secure and compliant, with $1k off: https://vanta.com/makingmoney.

Tide - Get 4.33% AER Variable for your business account: https://makingmoney.email/tide.

MoneyWeek - Get 6 editions of quality financial journalism for free: moneyweek.com/makingmoney.

✉️ Get a summary of this episode through our newsletter:

Sign up: https://makingmoney.email/S5E1

Disclaimer:

This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.

You asked us:

• How do you stay motivated to save and invest when are years away from your goals?
• What do we think about the future growth for the UK?
• How do you make the most of your workplace pension?

✉️ 80% of what you need to know about personal finance on 2 pages

Download: https://makingmoney.email/basics-guide

Disclaimer:

This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.

You asked us:

• How should those of us who have learned about investing and understand the meaning of these terms go about explaining these things to close friends and family who haven’t?
• How can I be more patient? I want to be a long-term, passive investor but find it difficult not to want to tinker.
• How we can effectively save for our children's future?

✉️ 80% of what you need to know about personal finance on 2 pages

Download: https://makingmoney.email/basics-guide

Disclaimer:

This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.

Richard Coffin is the host of the Plain Bagel YouTube channel and one of the biggest financial content creators in the world. He’s a trained financial planner and by day works as an investment analyst so he really knows his stuff.

✉️ 80% of what you need to know about personal finance on 2 pages

Download: https://makingmoney.email/basics-guide

☕Want guidance 1:1 from a financial advisor?

Email [email protected] for more info.

📈 Investment platforms we use:

Trading 212

Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1.

https://www.trading212.com/promocodes/MM

 If you do not get your free share after depositing at least £1, use the promo code ‘MM’ (for Making Money). You can use this code for up to 10 days after opening the account.

InvestEngine 

Get a £25 bonus when you invest at least £100.

https://investengine.pxf.io/daOD2Q

Vanguard

https://www.vanguardinvestor.co.uk/

This is not an affiliate link.

🏥 Life insurance, income protection and critical illness cover

We work with Heath Protection: https://heathprotection.co.uk/

If you purchase a product or service using one of the links above, we may receive a small commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.

🎉Sponsors

Vanta - Get your company secure and compliant, with $1k off: https://vanta.com/makingmoney.

Tide - Get 4.33% AER Variable for your business account: https://makingmoney.email/tide.

MoneyWeek - Get 6 editions of quality financial journalism for free: moneyweek.com/makingmoney.

✉️ Newsletter

If you want a summary from this episode in an easy format, please subscribe to our newsletter: https://makingmoney.email/S4E12

Disclaimer

This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.

We answer your biggest money questions. 

And yes, Trading 212 offer a flexible ISA.

You can learn more about this in Trading 212's FAQs at the bottom of their ISA page: https://www.trading212.com/isa

Btw if you want to sign up for a Trading 212 account then if you use our code MM you'll get a free share worth up to £100 if you deposit at least £1.

If you do then we'll receive a small commission from Trading 212. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.

*Gluten free bagel recipe:

https://www.theglutenfreeblogger.com/gluten-free-bagels/

📇 80% of what you need to know about personal finance on 2 pages

Download: https://makingmoney.email/basics-guide

💼 Want guidance from a financial advisor 1:1?

Email [email protected] for more info.

🎉Sponsors

Vanta - Get secure and compliant with $1k off: https://vanta.com/makingmoney.

Manual - Get help with your hair loss with 55% off using the code ‘MM55’: https://makingmoney.email/ukb43j

✉️ Newsletter

If you want a summary from this episode in an easy format, please subscribe to our newsletter: https://makingmoney.email/S4E11

Disclaimer:

This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.

Steve Clapham is an ex-hedge fund analyst and the founder of Behind the Balance Sheet, an investment research and investor training consultancy firm.

💼 80% of what you need to know about personal finance on 2 pages

Download: https://makingmoney.email/basics-guide

☕Want guidance 1:1 from a financial advisor?

Email [email protected] for more info.

📈 Investment platforms we use:

Trading 212

Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1.

https://www.trading212.com/promocodes/MM

 If you do not get your free share after depositing at least £1, use the promo code ‘MM’ (for Making Money). You can use this code for up to 10 days after opening the account.

InvestEngine 

Get a £25 bonus when you invest at least £100.

https://investengine.pxf.io/daOD2Q

Vanguard

https://www.vanguardinvestor.co.uk/

This is not an affiliate link.

🏥 Life insurance, income protection and critical illness cover

We work with Heath Protection: https://heathprotection.co.uk/

If you purchase a product or service using one of these links, we may receive a small commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.

🎉Sponsors

Vanta - Get your company secure and compliant, with $1k off: https://vanta.com/makingmoney.

Tide - Get 4.33% AER Variable for your business account: https://makingmoney.email/tide.

MoneyWeek - Get 6 editions of quality financial journalism for free: moneyweek.com/makingmoney.

✉️ Newsletter

If you want a summary from this episode in an easy format, please subscribe to our newsletter: https://makingmoney.email/S4E10

Disclaimer:

This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.

Naomi Greatorex is the Managing Director of insurance broker Heath Protection. It’s not pleasant thinking about dying or getting seriously ill. But what happens if we don’t cover ourselves from the worst things that can happen?

If you have questions, you can ask Naomi here: [email protected]

📈 Investment platforms we use:

Trading 212

Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1.

https://www.trading212.com/promocodes/MM

 If you do not get your free share after depositing at least £1, use the promo code ‘MM’ (for Making Money). You can use this code for up to 10 days after opening the account.

InvestEngine 

Get a £25 bonus when you invest at least £100.

https://investengine.pxf.io/daOD2Q

Vanguard

https://www.vanguardinvestor.co.uk/

This is not an affiliate link.

🏥 Life insurance, income protection and critical illness cover

We work with Heath Protection: https://heathprotection.co.uk/

If you purchase a product or service using one of the links above, we may receive a small commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.

🎉Sponsors

Vanta - Get your company secure and compliant, with $1k off: https://vanta.com/makingmoney.

Tide - Get 4.33% AER Variable for your business account: https://makingmoney.email/tide.

MoneyWeek - Get 6 editions of quality financial journalism for free: moneyweek.com/makingmoney.

✉️ Newsletter

If you want a summary from this episode, subscribe to our newsletter: https://makingmoney.email/S4E9

💼 Want 1:1 guidance from a financial advisor?

Email [email protected] for more info.

Disclaimer:

This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.