In this episode we Ian Dempsey, an independent financial advisor with nearly two decades of experience in the financial services industry. He brings a wealth of knowledge garnered from his extensive career, including roles in mortgage advising before venturing into financial advising.

In this episode we discuss:

- The proposed Cash ISA changes

- Overpaying your mortgage vs investing in the stock marker: Pro's and cons

- How to decide whether you Overpay your mortgage or Invest

- A financial advisor's view on Global Index Funds and ETF’s

- Is it ever too late to invest in the stock market

- Steps to start investing in the stock market today and more

Connect with Ian:

Instagram: https://www.instagram.com/idthemoneyman

TikTok: https://www.tiktok.com/@idthemoneyman

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TIMESTAMPS

0:00 - Savvy Wallet Ad

0:18 - Preview

1:24 - Intro

1:59 - Meet Financial Advisor, Ian Dempsey

3:17 - Why I became a financial advisor

10:22 - Lessons from being a financial advisor

15:12 - The Buy Now Pay Later Problem

18:28 - Tide Ad

19:44 - How my clients grew their wealth

25:22 - Challenges my clients faced

27:03 - The rumoured Cash ISA changes are a bad idea

31:41 - How to navigate the Cash ISA changes

38:30 - Instead of changing the ISA do this!

42:37 - Overpaying mortgages vs Investing in the stock market: Pro’s and Cons

46:15 - Overpaying mortgages vs Investing: If interest rates go up

48:06 - Why do people overpay their mortgages?

49:52 - How to decide: Overpay your mortgage or Investing 

52:31 - Benefits to invest vs overpaying your mortgage

54:31 - The risks to investing vs overpaying your mortgage 

56:58 - Is it ever too late to invest?

1:01:00 - Building wealth even if you start investing later

1:02:22 - How to catch up with your investments 

1:06:51 - Everyone should do this with their pension accounts 

1:08:51 - Why it’s not the best idea to take on more risk 

1:14:16 - Financial Advisors view on Global Index Funds and ETF’s

1:17:05 - Is there an age where it’s risky to invest in Global Index Fund/ETFs

1:19:41 - Message for you: If you feel it’s too late to invest

1:21:46 - Steps to start investing in the stock market today

1:26:55 - Behavioural science of money 

1:35:21 - Final words

#FinancialPlanning

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