This week Damien explains why saving your first £100,000 is the crucial milestone if you want to be wealthy. He then looks at Premium Bonds, revealing the possible returns you can expect if you have the maximum £50,000 holding. He also explains how to improve your chances of winning a £1 million prize. Finally, Andy discusses the proposed changes to how council tax payments are collected.

Check out this week's ⁠⁠⁠⁠⁠⁠⁠⁠podcast article⁠⁠⁠⁠⁠⁠⁠⁠ on the Money to the Masses website to see the full list of resources from this week's show

(00:00) - Money to the Masses Podcast Episode 510

(02:42) - How to Build Wealth: The Power of Compound Interest and the £100,000 Savings Milestone

(15:42) - Premium Bonds Explained: Returns, Odds, and Are They Worth It in 2025?

(27:04) - Council Tax Payment Changes in England: What Homeowners Need to Know

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Links referred to in the podcast:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

• NS&I set to cut premium bond rate
• What is the Financial Services Compensation Scheme
• Council tax payments set to change
• Find your local council
• Council tax explained and what to do if you are stuggling to pay
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