The Making Money Simple Podcast (Ryan King)

Brennan from @budgetdog and I discussed all things debt in this podcast episode.

We first talked about how Brennan paid off $76k of debt in a single year by being 'intentional'.

We then moved onto talking about debt payoff strategies. The two main strategies being the snowball method and the avalanche method. We agreed that for the majority of people the snowball method is the way to go due to the positive psychology effects of paying off debt.

We then talked about how to have to right mindset to get your debt paid off, with Brennan giving us some specific tips on how you can frame your mindset in the right way to firstly get your debt paid off and then stay debt free.

Finally, we briefly touched on if Brennan is now 'anti-debt' and about the way that people use credit cards to get cashback. 

Ola from @allthingmoney_ and I discuss all things budgeting (see what I did there?). 

Ola shared two of her top budgeting tips and I shared two reasons why we all need to have a budget.

Ola's tips included taking physical cash out when she was a student to know how much she was spending, as well as using a budgeting app.

My main reasons for budgeting where that through budgeting we are able to achieve our financial goals, as well as being able to understand exactly where our money is going each month.

Not only this but Ola and I discuss a lot more about budgeting and talk about how it is more important than ever given COVID-19.

👉Watch on Youtube here: https://youtu.be/XakwCe2gFLY

Nick from Nick JM joined me on this episode to discuss global investing and why we use global funds to invest.  

First, we gave a introduction into global funds - what they are and their pros and cons. A huge pro is that it's impossible to predict where the stock market will be in the future, which companies will be the largest, which countries will be the best, and so on, which makes global investing a great and simple approach due to the global diversification we get.  

Second, we went into more detail about the specific global funds we use. Interestingly we each use a different global fund. Nick uses a global ETF called VWRL, I use a global index fund called FTSE Global All Cap. Both of which are Vanguard funds and can be found on Vanguard's website.  

We went into more specific detail about the pros and cons of each of these funds and why we use each one personally.  

Watch the video/listen to the podcast for more details!  

Nick's channel - https://www.youtube.com/channel/UCLV4Jl3XQNDNG4Sj94Fv-Fw 

Nick in the press - https://inews.co.uk/inews-lifestyle/money/saving-and-banking/savings-on-course-to-hit-900000-retire-at-47-1381860  

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Richard Brown from @thepropertyvoice joins me on this episode to discuss how we can turn our own homes into an investment or an asset.

It is worth saying that it is contentious as to whether a home is an asset or a liability, each person has a different opinion. But, a general definition is that an asset 'puts money into your pocket' and in this podcast we talk through how you can do exactly that.

First, we touch on some tax efficiencies through buying your first home - particularly by using a LISA and paying no Stamp Duty. 

Second, we then go on to talk through the Rent A Room Relief Scheme. In the UK this allows us to bring in a lodger and rent out a room in our home. Doing this we can earn up to £7,500 per tax year completely tax-free. This is exactly how we can turn our home into an asset as we can earn some monthly rental income that 'puts money in our pocket'.

Third, we go through how buying your own home can work out cheaper than investing in property. Mainly through a lower deposit needed - 5% compared to 25% generally for buy-to-lets, and lower interest rates available on residential properties compared to investment propeties. 

Listen to the podcast for more details!

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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

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Ato from @savvywallet and I discuss getting on the property ladder as a first time buyer

We talked about the two key elements - the mortgage and the deposit.

For both the mortgage and the deposit the best thing you can do is to increase your income. This means you can get a larger mortgage and also save quicker for the deposit. Throughout the podcast we also share other tips such as budgeting and buying your first house with someone else.

We also go through the Help To Buy ISA and Lifetime ISA and talk about which government scheme is better.

As well as ending on talking about gifted deposits, which can be another useful tool to help you get on the property ladder.

The start of the year is the perfect time to look at your personal finances.

In this short episode I will give you four tips on how you can do this. 

These four tips are:

- Set goals

- Open your banking apps

- Track your net worth

- Automate your finances

I delve into each tip in more detail in the podcast.

Timi from @mrmoneyjar becomes the first person to make his second appearance on The Making Money Simple Podcast to discuss all things index funds.

Timi starts us off with the basics and breaks down exactly what index funds are, before we move onto discussing the pros and cons of using index funds when investing. Ultimately, index funds 'track the market' and are low cost in comparison to active funds that try to 'beat the market' and are higher fee. Aside from this pro, other pros include that index funds are very passive and hands-off investments with the goal being to buy consistently, and buy and hold for the long term, to one day live off of our investments. 

We move onto discuss index funds vs active funds in more detail, drawing on Jack Bogle's wisdom from The Little Book of Common Sense Investing which showed that over a 45+ year period 80% of active funds didn't only not beat the market... they no longer existed. 

Listen to the full episode as we discuss index funds and active funds in detail and explain why index funds are the easiest, and arguably the best, way to invest for the long term.

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!

If you what to sign up to Trading212 and get a free share - www.trading212.com/invite/Fg39FgeY

If you want to sign up to InvestEngine and get some free ££ - https://investengine.pxf.io/LKKVEL

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?

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Richard Brown from @thepropertyvoice joins me (again) on this episode to share some property wisdom. This time on some of his 'Property First Principles'.

This includes:

The 18-year property cycle - what it is, how you can use it to your advantage, and when the next crash might me.

Leverage and 'other people's money' - how property can accelerate your wealth building path.

Being a property investor - including the '3F's', which are forcing the discount, forcing the appreciation and forcing the yield.

We also touched on a few more property related tips at the end. 

Listen to the podcast for more details!

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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.

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Thando and Lindie from @skilledfinances joined me on this episode to talk about managing your money whilst being in a couple.

First, we talked about whether there is a 'blueprint' that could be followed when it comes to managing your money in a couple. Thando and Lindie shared their approach and some specific questions to ask your other half to help get the conversation about money going.

Next, we talked about how to manage your money as a couple. Should you use a joint account? Should you budget together? Should you track your net worth and investments together? Ultimately, it depends on the situation, but the guys shared some great tips to help.

To finish I proposed some situations like, what to do if one partner is not good at managing their money, or what to do if one partner simply isn't interested in money at all. Thando and Lindie helped to shed some light on how to deal with these more difficult situations than can arise in a relationship. 

Listen to the podcast for full details!

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Inflation is currently at 9.1% in the UK (a 40-year high) and is a large concern for many people as everyday items becoming increasingly more expensive. In this podcast episode I cover everything that you need to know about inflation.

Starting with the basics of what it is and how it is measured. Before moving onto why governments actually want inflation, how they attempt to control inflation, and the impact inflation has on our finances.

Finally I talk through whether you should be worried about rising inflation and what you should do right now with inflation on the rise.

Listen to the podcast for more details!

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Tara from @allourbestintentions joined me on this podcast episode to discuss SIPPs.

A SIPP, or Self Invested Personal Pension, is one option available for us in the UK to invest for the long-term. These differ to Workplace Pensions (which is what I currently have), so we first started by talking about the difference between the two.

Tara then talked us through how the pension tax relief works, as well as the basics of what SIPPs are and who they are for.

We also discussed the various SIPP providers that are available for us in the UK and gave some tips to help people decide which is the best provider for themselves.

Listen to the podcast for full details!

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Jack from MakingTaxSimple joined me on this episode of the podcast to discuss how we can invest tax efficiently. 

First, we talked through Stocks & Shares. These are powerful as they give us a £20k yearly allowance with all gains, dividends and bond interest being tax free. Not to mention that they are flexible and we can withdraw money whenever we like.

Second, we talked through pensions. If you have an employer match these accounts are certainly the most lucrative. But, whether its a workplace pension or a private pension (we talked through both), a pension still gives tax relief so we have more money compounding over the long term. The downside being that they are inflexible and we can't access them until later in life.

Third, we talked through general investment accounts (GIAs). Although these accounts don't have any built in tax advantages, we are able to use the £12.3k capital gains tax allowance and £2k dividend tax allowance to reduce the amount of tax we may have to pay each year.

Finally, we touched on some scenarios and how we would approach them, including: investing from a young age and not using a pension, investing from an older age and not using a S&S ISA, and what to do if you're self employed.

Watch the video/listen to the podcast for more details!

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Mr Avo joined me on this episode of The Making Money Simple Podcast to discuss money discipline.

The conversation was free flowing and we discussed a range of topics, from opportunity cost, to instant vs delayed gratification, to lifestyle inflation, to how to set yourself up for success on payday.

In particular, we talked about frugality and how it is important to strike a disciplined balance. Whilst having an avocado toast on the weekend won't be too detrimental to your wealth building journey, daily expenditures can certainly rack up over the course of the year.

It's important to strike a healthy balance between treating yourself but also investing for the future. As ultimately the goal of investing is to one day build up your 'nest egg' to a point where you can do whatever you like on a daily basis.

Listen to the full episode for more details.

Katie from @thepennymix and I discussed all things income protection in this podcast episode.

This is a product that I had absolutely no knowledge on, so I spent twenty minutes firing questions at Katie! 

If you also have no knowledge of income protection then this podcast episode is the perfect beginners guide.

Firstly, we discussed what income protection actually is. I mistakenly assumed that it was only necessary for older people, however Katie made it clear that income protection is important no matter what age you are as we never know what could happen. 

We then moved onto talk about how it works in practice, when a claim would begin and then stop, whether a claim would affect your premium going forward, as well as the fees/premiums that would be involved in an income protection policy. I then asked Katie about the providers that offer income protection and how the fees/premiums differ between small and large providers. 

Katie shared some crazy stats - one being that the average claim is seven years!

Listen to the full podcast episode to increase your education on income protection. 

100% mortgages are back. In this episode, I give you all of the information that you need to know.

100% mortgages were already available, but you needed a guarantor/financial backing from friends or family.

The 100% mortgage referred to in this episode is a new product from Skipton Building Society, with no guarantor/financial backing needed.

In this episode I go through everything that you need to know about these 100% mortgages - what the conditions are, how the finances work, pros, cons, who's it actually good for/useful for, and more.

Listen to the full episode for more information!

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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

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In this episode I’m joined by Sarah from @altstproperty and we discuss what will happen to the property market in 2023.

It's always hard, and nearly impossible, to predict what will happen to the markets. But we tried out best!

First, we discussed what happened to the property market in 2022 and more broadly over the last few years.

Second, we delved into discussing what could happen to the property market in 2023 - given current conditions of inflation, interest rates, house prices, and so on.

Finally, Sarah shared three top tips for people who want to invest in property in 2023.

Listen to the full episode for more information!

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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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David from @thepfcoach and I go head-to-head to discuss all things relating to credit card.

We first discuss our personal views on credit cards - David isn't a fan and no longer uses credit cards, whereas I am a big fan of credit cards.

After pitching our respective views, David and I go on to discuss the main benefits of credit cards, main drawbacks, whether understanding credit cards are key to becoming financially educated (spoiler: we both say yes), then finishing up on when you should never use a credit card and who should never use a credit card.

In general, if you use credit card responsibly, you are able to benefit from lower interest rates and free rewards - such as cashback and points.

On the other hand, if you misuse credit cards you could rack up thousands of pounds worth of debt and spend years paying it off.

Regardless of your personal views on credit cards, it's important to understand both sides of the argument - as understanding credit is key to becoming financially educated.

If you haven't got the cash, or think you may impulse spend and misuse the 'free money' that credit cards give you then it is best to avoid getting one.

Also, you should never use a credit card to buy high priced, consumer items - such as bags or clothes.

Listen to David and I discuss all of this information and more in this episode on credit cards.

Timi from @mrmoneyjar and I discuss the lessons we've learnt from the goat himself, Warren Buffett.

If you've been living under a rock and don't know who Warren Buffett is, he is the founder and CEO of Berkshire Hathaway and one of the richest people on the planet. He is arguably the most famous (and one of the most successful) investors in history.  

In this podcast episode Timi gives three non-financial lessons he's learnt from Buffett, and I give three financial lessons.

The non financial lessons include:

- focusing on your goals

- saying 'no'

- defining success

The financial lessons include:

- investing in your circle of competence

- investing in index funds

- long term view

Not only this but Timi and I give an honourable mention of a lessons we've learnt from Warren Buffett. 

Listen to the entire episode where Timi and I discuss each of the lessons we've learnt in detail.

Thomas (@thebankengine) joined me on this episode to talk about how he makes extra income each month - specifically a whopping £1,912 across April and May 2024.

Not just in the last two months though, Tom the bank (or tank 🚂) engine has been making thousands of additional pounds across the last few years.

This is all through extra income streams/extra side hustles that he has, some completely passive income streams and some more active income streams.

Tom has 11 extra income streams in total, and the great thing is that these are all real income streams. No income stream 'ideas' or 'hacks', real side hustle income streams that make him money.

People always ask about how to make some extra money or for side hustle ideas to make money - so hopefully this episode will help!

These 11 extra income streams include: 1) Cashback & points - e.g EverUp, Jam Doughnut. 2) Cashback sign up offers. 3) Bank switching. 4) Market research - e.g Take Part In Research, Askable. 5) Mystery shopping - e.g Roamler. 6) Surveys. 7) Matched betting. 8) Affiliate sign up offers. 9) Lifetime ISA interest + bank interest on savings. 10) Dividends. 11) Side business.

In the podcast episode we go through this full list, discussing each option, the pros and cons, drawing on our own experiences, potential costs or risks involved, specific examples, and a lot more.

Listen to the full episode for all the details!

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This is exactly how I invested £6,505 so far in 2024.

In this podcast I run through the exact investing platforms I use, the exact investment accounts I use and the exact investments I've been making. Like always, zero gatekeeping!

As you will see, and if you don't already know, my approach is unbelievably simple. Primarily, this is automatic contributions into global funds every single month.

Investing doesn't need to be complicated and I keep my own approach as simple, passive and hands-off as possible.

Listen to the full episode for all the details!

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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

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Tej from @tejtalks joins me on this podcast episode to discuss all things branding (check out the timestamps further below in the description to see what we cover).

Branding is everything. From the perspective of a personal brand or a business brand.

We discussed the importance of branding and where to start, before moving on to how to actually build a brand and stand out.

Towards the end of the podcast we spoke through monetisation. Different ways to monetise, with some more lucrative than others, before moving into Tej’s monetisation journey of his own business brand over the years.

Listen to the full episode for more information!

Timestamps:

0:00 - Intro

0:53 - Importance of branding

3:07 - When to start branding?

6:50 - Where to start?

9:41 - How to build a brand?

14:35 - How to stand out?

19:06 - Monetisation

25:25 - Tej’s journey to monetisation

28:50 - Final thoughts

30:45 - Outro

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Laura Ann Moore from @laura_ann_more joins me on this special audience answered podcast episode. I asked my audience on social media 'what is your biggest financial mistake' and got a number of responses - some funny, some serious, some sad, some relatable.

Laura and I go through a number of these responses (all timestamped below if you want to jump around) where we discuss them and provide guidance where we can, drawing on our own experiences and knowledge.

Listen to the full episode for more information!

Timestamps:

01:01 - Spending £200 on Starbucks

3:08 - Taking out a car loan to help build credit score

7:04 - Not starting to invest early

9:56 - Buying the wrong stock ticker symbol

13:38 - Investing based on on the crowd

14:41 - Buying designer clothes 

17:38 - Getting a 100% mortgage

22:04 - Poor market timing before a market crash

23:56 - Buying a house

27:27 - Buying a hedgehog

29:15 - Having children

31:10 - Staying at the same job for too long

34:18 - FX trading

36:49 - Ex took out debt in my name

40:21 - Going to uni

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In this episode I’m joined by Brian from The Frugal Spender to discuss the difference between being frugal, being cheap and being tight.

We went through what these terms actually mean. All of them have some negative connotations, but being frugal is: using your resources in the most efficient way possible to maximise your personal benefit. This sounds pretty good and what we want to aim for, as opposed to being cheap/tight.

We also went through a number of actionable ways to be frugal and become more frugal over time. Some ideas are not buying stuff you don't need and only buying things you value, buying things second hand (I recently bought a 2nd hand backpack for travelling Thailand), shopping around for the best deals (like insurance and phone contracts), and so on. We discuss a lot more in the podcast.

Listen to the full episode for more information!

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In this 15 minute episode I break down everything you need to know about ISAs. ISAs are the best way to grow your money as all of the gains are tax-free!

The things covered in this episode include:

- The basics - what are ISAs, how they work, the £20k annual allowance and how this works

- 4 types of ISA - Cash, Innovative, Stocks & Shares, Lifetime

- I look at S&S ISAs and Lifetime ISAs in more detail, including the different approaches to S&S ISAs and which Lifetime ISA is best for your situation

- How many ISAs you can contribute to each year

- 2 ways to switch your ISA

- ISAs vs Pensions

And a lot more. Listen to the entire episode to up your ISA knowledge!

Firstly, thank you for tuning in and welcome to Episode #1 of The Making Money Simple Podcast!

This podcast will provide bitesize 20 minutes episodes on all things money and financial education.

Over the coming weeks and months you can expect episodes:

- ISAs

- Pensions

- Credit Cards

- Saving

- Budgeting

- Investing

- Property

To name a few of the key topics this podcast will focus on.

#1 - Why You Need Financial Education

What Is Financial Education?

Financial education is the ability to make financially sound decisions.

Or put more bluntly - the art of not making dumb decisions with your money.

Why Is Financial Education Important?

I think for 3 main reasons:

- School doesn’t teach us

- Parents doesn’t teach us

- Society doesn’t teach us

School is too busy teaching us that the mitochondria are the powerhouse of the cell (or something like that).

Parents often pass on more investing advice, normally either being ‘don’t invest’ or ‘investing is risky’.

In society, money is a taboo subject and people don’t often enjoy discussing money opening.

These 3 reasons mean that we don’t learn and absorb financial education over time, so we need to self educate on the topic.

Common Mistakes That People Make

The three first mistakes that came to my mind were:

- Not investing

- Credit card debt

- Thinking investing is risky (cash is actually what is risky)

Not investing, whether through an ISA or pension, is criminal (slight exaggeration).

By investing you are essentially buying back your future time and freedom. People often put off investing, but this is the exact opposite of what we should do. By investing early and often we are able to benefit from compound interest over the long term.

Credit card debt, specifically high-interest consumer credit card, is completely unavoidable and has some nasty consequences. However, so many people, particularly younger people who are not responsible with the ‘free’ credit card money, abuse credit cards and then find themselves in thousands of pounds of debt.

The way around this is credit education. Even if you are not a fan or do not use credit cards (personally, I’m a big fan of credit cards), it’s important to understand how they work, as well as their benefits and costs.

Investing is not risky; it’s the complete opposite. What is risky is keeping your money in cash.

Once you have built an emergency fund, assuming you don’t need the money for any other reason in the short term, keeping your money in cash is guaranteeing you a loss of 2-3% per year because of inflation.

To illustrate this, at an inflation rate of 2%, £1,000 today is worth £819 in 10 years, £670 in 20 years, and £549 in 30 years.

Isn’t guaranteeing yourself a loss of 2% a year more risky than getting a return of 7% over the long term in the stock market?

That wraps up the first ever episode of The Making Money Simple Podcast. Thanks again for tuning in/listening. If you have any feedback, criticisms, requests or questions please get in touch (Instagram @makingmoneysimple).

Tom from @TomTalksMoney_ joined me on this episode of the podcast to discuss all things matched betting. Unbelievably, Tom started matched betting and then took it full time for 4 years, the perfect guest for this episode.

First, we discuss what is matched betting and how we can actually get started, including the best platforms to use. You can get started from as little as £50, but ideally if you can start with around £200 that would be ideal.

Second, we talked numbers, specifically how much you could realistically earn through matched betting. Through initial sign ups bonuses you could make £500 in your first month from £150. Then going forward, depending on your time investment, how you could look to make £100+ per week.

Third, we dug into Tom’s story to find out how he managed to become a full time matched better. It is a very interesting story from starting matched betting after uni in 2014 to then becoming a full time matched better roughly a year later to then transitioning into building other income streams to step back from matched betting after doing it full time 4 years later.

We also touched on some risks of matched betting. Can you get banned? What happens if you get ‘gubbed’? Can you withdraw your money? How can you track your bets? And a lot more.

Listen to the full episode for more information!

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In this podcast episode I run through 13 tax-free allowances that we should know about in 13 minutes. This is just in time for the end of the tax year on 5th April and for the start of the new tax year on 6th April.

The majority of these allowances are 'use or lose', so if we don't use them up they do not rollover and are lost forever. We then get a fresh, new set of allowances whenever a new tax year starts on 6th April. 

These allowances range from income allowances, such as the £12,570 personal allowance and £2,000 dividend allowance, to investing allowances, such as the £20,000 ISA allowance and £12,300 capital gains tax allowance, to property allowances, such as the £7,500 rent a room relief scheme and £1,000 property allowance, and a lot more that are all covered in this podcast episode.

Listen to the podcast for more details!

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💻 Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

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🎥 Youtube - https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram - https://www.instagram.com/makingmoneysimple/

🐦 Twitter - https://twitter.com/makingmsimple

Ola from @allthingsmoney_ joined me on this episode of the podcast all about the current cost of living crisis.

First, we discuss what the 'cost of living crisis' is and why we're in this position. There are a number of factors that have contributed to the position that we are currently in.

Next, we talked through what this means for us. In short, due to the cost of living crisis and inflation our money unfortunately is not going as far.

Finally, and hopefully most helpful, we go through what we can do. This revolves around reducing expenses and increasing income. In the podcast Ola gives many specific apps and platforms that we can use to both reduce expenses and increase income. 

Listen to the podcast for more details!

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🎥 Youtube - https://www.youtube.com/c/MakingMoneySimple/

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🐦 Twitter - https://twitter.com/makingmsimple

Laura joins me on the podcast to discuss how she saved £15,000 and then £25,000, before taking the plunge to making her first investment in 2020. 

Many people are in a similar position where they are able to save money but struggle to get started investing, whether that's out of fear or out of procrastination, or a bit of both.

In this episode we talk through Laura's journey of how she managed to save huge sums of money even on a relatively low salary. We then discuss how she started to educate herself on investing before making her first investment. As well as finishing the episode by touching on how she feels now that she is an investor and whether she plans to keep investing going forward. 

Listen to the podcast for more details.

Emma from Bee Money Savvy (@beemoneysavvy) - a previous winner of Best Money Saving Blog - joined me on this episode to talk about two things. 1) Her blogging journey, where she now makes more money than her day job and 2) three key money saving tips that you should implement.

First, we talk about Emma’s blogging journey and how she turned her side hustle into a money maker, all whilst continuing to work her day job for the NHS.

I asked Emma a range of questions from how and when did she get started, why she decided to talk about money saving and how the blog grew over time.

We also delved into the days when Emma made her first £10 and how she then was able to continue to monetise over the years.

Second, Emma shares three very important money saving tips that we can implement.

1) Big Financial Audit, 2) Make saving money simple, 3) Utilise money saving tools.

With each tip Emma shares specific guidance and examples of exactly what we need to do to manage and save our better money.

As part of utilising money saving tools, very helpfully, Emma shares the specific cashbacks apps and websites, discount code websites and price comparison websites that she personally uses.

Listen to the full episode for all the details!

Timestamps

0:00 - Intro

1:03 - Blogging Journey

6:45 - Blogging Beginnings

9:06 - Viral Blog Posts

11:20 - Blogging Time Investment

13:50 - Blogging Monetisation

19:36 - 3 Money Saving Tips

20:35 - 1. Big Financial Audit

23:32 - 2. Make saving money simple

26:36 - 3. Utilise money saving tools

30:49 - Outro

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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

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📕 Get my book Stop Waiting, Start Investing - https://linktr.ee/makingmoneysimple1

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In this episode I’m joined by Kate from @moneymindsetmother and we discuss how to effectively manage your money as a parent.

Kate is a mum of 3 and is very experienced at managing her own money and her families money so is the perfect guest for this episode.

First, we discussed the transition to managing money from a non-parent to a parent. One of the most important things is to know your numbers - knowing exactly what is coming in and going out each month. This comes back to budgeting which is the ‘bedrock’ of both building your wealth personally and as a parent for your family.

Another suggestion from Kate, which I’m a fan of, is to print out your bank statement at the end of the month and get two highlighters. In one colour highlight your needs and in the other colour highlight your wants. This will then help you to understand where you’re money is going and if there's any wiggle room to cut back.

Second, we discussed whether the process of managing your money changes as your children grow older. It most likely will and is likely to include using vehicles like Junior ISAs to help save/invest for your children’s future.

Third, we chatted through how much to save, especially if you have multiple children. The bottom line is, if you’re able to, any money saved/invested at all is a bonus. Even if there are points when you can’t contribute, any money previously invested no matter how small will continue to compound over the years.

Lastly, we discussed investing personally for yourself whilst having a family and some top tips to take away for managing your money as a parent.

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Anna from @pandabossanna joined me on this episode to talk about passive income streams and side hustles.

Building up passive income streams, whether that's through investing or a side hustle, is a goal that many people have so that they can be 'free' from working a 9-5 job.

We started off the podcast by defining passive income and how it compares to active income. Anna and I also touched on the reality of building passive income streams in that they require a lot of upfront work by us which is why it's important to think long term.

We then segwayed into talking about side hustles and how starting a side hustle in something you're interested in is a great way to build up passive income streams as we can monetise through ad revenue, affiliate schemes, and more.

Listen to the episode for the full details! 

Jasper (@jasperinvests) joined me on this episode to talk about FX rates and how they impact us as UK investors. A very important topic that most aren't aware of.

First, we discussed the S&P 500 returns for US investors compared to UK investors. Surprisingly, and we dug into the historical data, the returns can vary massively in any individual year.

There can be huge swings and differences in returns that US and UK investors receive in any given year, all because of FX.

However, over the long term, FX rates generally tend to be stable between the major currencies. Although, and as expected, in the short term this isn't always the case.

We spoke through two ways to mitigate this FX risk and whether it's worth to mitigate this risk at all.

Finally, we touched on global index funds and the impact of FX.

Listen to the full episode for all the details!

Timestamps

0:00 - Intro

1:02 - S&P Return UK vs US Investors

5:25 - Two Ways To Mitigate Risk

9:42 - Historical Returns UK vs US Investors

14:02 - Long Term Impact

16:17 - Do We Hedge FX Risk?

19:58 - Benefits of Index Funds

21:00 - Summary

25:09 - Outro

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🐦 Twitter - https://twitter.com/makingmsimple

CK from @cktalksmoney joined me on this episode to talk all about mortgages. This episode is your crash course guide to understanding mortgages.

First, we talked about what a mortgage actually is and how the process of getting a mortgage works. CK broke it down very simply and walked us through the process of how getting a mortgage works in practice. As part of this we also spoke about using a mortgage broker, the pros and cons of this, and how this compares to using a bank.

Next, we talked through the costs involved with buying a property. Whilst the deposit is a large part of this, it's certainly not the only cost we will incur in buying a property. There may be a range of other costs and fees we need to incur, including solicitor fees, valuation fees, mortgage arrangement fees, stamp duty, cost of any furnishings, and so on. It's important to factor in all costs we will incur before jumping into buying a property.

To finish we spoke through 95% mortgages which were reintroduced earlier on in the year. Whilst they provide another option to us, and make it slightly easier getting on the property ladder, it is probably better for most to save for a larger deposit. The main cons of these 95% mortgages is the larger mortgage monthly payments and the risk of negative equity.

Listen to the podcast for full details!

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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

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📕 Get my book Stop Waiting, Start Investing - https://linktr.ee/makingmoneysimple1

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If you would like to get involved in one of my 4-week investing workshops, get in touch and I can let you know when the next one is kicking off.

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Josh from @becomingfinanciallyfree_uk joined me on this episode of the podcast to discuss everything NFTs.

First, we went through the basics of NFTs and web3, what they are and what they actually mean.

Second, we discussed the reasons why NFTs could be a good investment, but also why they are an incredibly risky investment to make.

Third, we went through the 3-step process to start investing in NFTs in reality. This includes opening up an account on an exchange, opening a wallet, and then buying NFTs through a marketplace like OpenSea.

Lastly, we touched on Josh's own investments, of which he has 50+ NFTs. This includes the 3 things he does before investing into any NFT project.

Listen to the podcast for more details!

-----------------------------------------------

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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/

-----------------------------------------------

📕 Get my book Stop Waiting, Start Investing - https://linktr.ee/makingmoneysimple1

💻 My website - https://makingmoneysimple.co.uk

If you would like to get involved in one of my 4-week investing workshops, get in touch and I can let you know when the next one is kicking off.

📰 Sign up to my newsletter - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://makingmoneysimple.co.uk/Newsletter⁠⁠⁠⁠⁠⁠⁠⁠

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Charlotte from @lookingafteryourpennies joined me on this episode to discuss a very common question - if you have some extra money per month, should you use this to invest more or pay off your mortgage quicker?

First, we talked about the benefits of investing more per month. Conclusively, by investing more per month, you're likely to earn a higher return. This is because the stock market averages around 8% per year over the long term. But, even if this annual average return is much lower at 3% then this is still likely to beat the interest rate you will pay on your mortgage. Hence, from a mathematical point of view, investing is likely to be better.

Second, we talked about the benefits of using this extra money per month to pay off your mortgage quicker. Doing this is likely to be psychologically better, as people don't like debt, even if it is a mortgage. Paying off your mortgage quicker allows you to achieve debt-free status earlier and lifts a weight from your shoulder. Eliminating this large monthly payment also puts a lot more money in our pockets each month. 

Charlotte and I then went on to discuss whether we could do both at the same time - and this is exactly what Charlotte does personally!

We then went onto talk about further pros and cons of each approach, as well as looking at - based on certain personality traits - whether one approach or the other may be better.

Listen to the podcast for full details!

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It's no secret that I am a fan of global funds.

I am largely just a global index fund investor.

Why? Because it keeps my approach as simple and as diverse as possible.

Across my various investing accounts, and there are a lot of them (as we go through in the podcast), I usually solely invest into the lowest cost, most globally diversified fund I can find.

And I recently passed a huge milestone. After 7 years of investing, I now have £100,000+ in global funds.

So in the podcast episode, we go through the exact global funds I am investing into. Including what they're called, how many stocks they hold, what fees they charge, and more.

Listen to the full episode for all the details!

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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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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

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Oli joined me on this podcast episode to draw comparisons between the UK and Australian financial systems.

I asked Oli a range of questions from taxes to investing to property, to see how the financial system works in practice in Australia.

First, we discussed the tax efficient account that you can use in Australia - the superannuation - and then drew comparisons to how this is similar to what we have in the UK in pensions and ISA's.

We then moved on to discuss the tax system in Australia, specifically income tax and capital gains tax (which doesn't exist!). When it comes to income tax both the UK and Australia have similar approaches.

We also touched on financial education in schools in Australia, or the lack of, and then finished by with a discussion on the housing market and getting on the property ladder in Australia. 

Through our twenty minute chat Oli and I discovered that the UK and Australia were more familiar than we thought. Listen to the podcast episode to hear all of the details!

Niaz & Shaq from @millennialmoneyuk joined me on this podcast to discuss all things crypto. 

Right at the start of the discussion Shaq broke down what Bitcoin is and some of the features it possesses. These features include: decentralised, transparent, immutable.

Niaz then explained one of the key reasons why Bitcoin has had such a great time over the last twelve months, due to institutional investors and hedge funds buying into Bitcoin. This is a stark contrast to 2017 where the majority of transactions were being driven by retail investors. 

Once we covered some basics, we moved onto discussing our respective crypto strategies and what cryptos we are each specifically invested in. Interestingly, we had all been involved in the 2017 crypto boom and had learnt some vital lessons from this. 

We all took a similar view, focusing on the largest cryptos - BTC and ETH - and choosing to invest into them regularly to avoid trying to time the market. It's important to note that crypto has only been around since 2008, which is thirteen years. Hence, it is still a very new asset class and as a result of this is both risky and volatile. However, saying this, the three of us agreed that at this point crypto is more likely to stay than go to zero, so a small % portion of your portfolio invested in crypto could be wise.

Towards the end of the podcast we also touched on why some very large investors, such as Ray Dalio and JP Morgan, have made u-turns on crypto. As well as why some other very large investors, such as Warren Buffett and Charlie Munger, continue to talk down on Bitcoin.

Listen to the podcast for full details!

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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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