Vicky Reynal is a financial psychotherapist who deals with a wide range of issues, from overspending to money secrets and self-sabotage. Her book, ⁠Money on Your Mind⁠ looks at how we can develop a better relationship with money, because it pervades everything we do.

*Warning: We discuss some issues in the episode such as anorexia that some listeners might find it difficult listening to*

This episode was first published in September 2024

🤝 Want 1:1 help from a financial adviser?

⁠⁠https://makingmoney.email/financial-advisors-audio⁠⁠

🎉Sponsors

Odoo - 45 business apps in one: ⁠⁠⁠https://www.odoo.com/r/MM1⁠⁠

Vanta - Get your company secure and compliant: ⁠⁠https://vanta.com/makingmoney⁠⁠

Tide - Get up to 4.22% AER (variable) on your business savings. Use this link ⁠⁠https://www.tide.co/offers/makingmoney⁠⁠ or the code 'MAKINGMONEY'. You'll also get £100 if you fund your account with £5,000 in the first 30 days. Ts&Cs apply. 

The more you save, the higher the rate—up to 4.22% AER (variable) on balances over £1M. New Tide members receive these rates free for 6 months, then your Tide plan’s savings rate and thresholds apply. Visit ⁠⁠https://tide.co/savings⁠⁠ for full terms and conditions.

–

If you purchase a product or service using one of the links above, we may receive a 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.

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.

Do you and your partner disagree when it comes to investing? Are you a saver while they’re a spender — or is it the other way around? Does a 50/50 split feel unfair? Sara Jane Maxwell is a financial coach and founder of Wealth Coach, where she helps individuals and couples work through their money-related issues.

Share your visualisation in a comment, and find out more about Sara’s work here: https://www.wealth-coach.co.uk

🤝 Want 1:1 help from a financial adviser?

⁠⁠https://makingmoney.email/financial-advisors-audio⁠⁠

🎉Sponsors

Odoo - 45 business apps in one: ⁠⁠⁠https://www.odoo.com/r/MM1⁠⁠

Vanta - Get your company secure and compliant: ⁠⁠https://vanta.com/makingmoney⁠⁠

Tide - Get up to 4.22% AER (variable) on your business savings. Use this link ⁠⁠https://www.tide.co/offers/makingmoney⁠⁠ or the code 'MAKINGMONEY'. You'll also get £100 if you fund your account with £5,000 in the first 30 days. Ts&Cs apply. 

The more you save, the higher the rate—up to 4.22% AER (variable) on balances over £1M. New Tide members receive these rates free for 6 months, then your Tide plan’s savings rate and thresholds apply. Visit ⁠⁠https://tide.co/savings⁠⁠ for full terms and conditions.

–

If you purchase a product or service using one of the links above, we may receive a 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.

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.

Is buy-to-let dead in the UK - and should it be? Rob Dix, one of the founders of Property Hub and both a landlord and tenant, breaks down how various factors have reshaped the market. With landlord numbers falling and returns fading, what role should property play in the UK’s — and investors’ — future?

➕ You can grab Rob’s free tools, including the calculator here: https://www.propertyhub.net/money

🤝 Want 1:1 help from a financial adviser?

⁠⁠https://makingmoney.email/financial-advisors-audio⁠⁠

🎉Sponsors

Odoo - 45 business apps in one: ⁠⁠⁠https://www.odoo.com/r/MM1⁠⁠

Vanta - Get your company secure and compliant: ⁠⁠https://vanta.com/makingmoney⁠⁠

Tide - Get up to 4.22% AER (variable) on your business savings. Use this link ⁠⁠https://www.tide.co/offers/makingmoney⁠⁠ or the code 'MAKINGMONEY'. You'll also get £100 if you fund your account with £5,000 in the first 30 days. Ts&Cs apply. 

The more you save, the higher the rate—up to 4.22% AER (variable) on balances over £1M. New Tide members receive these rates free for 6 months, then your Tide plan’s savings rate and thresholds apply. Visit ⁠⁠https://tide.co/savings⁠⁠ for full terms and conditions.

–

If you purchase a product or service using one of the links above, we may receive a 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.

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.

As you know, we’re big fans of passive investing — it’s simple, low-cost, and it works. But with passive funds now making up nearly 60% of US stock funds, what has that done to the market? Could it be causing more volatility? Has it pushed company valuations too high? And what happens if everyone becomes a passive investor? Dimitri Vayanos is Professor of Finance at the London School of Economics and co-author of the award-winning paper Passive Investing and the Rise of Mega Firms.

Read Dimitri’s paper here: https://personal.lse.ac.uk/vayanos/Papers/PIRMF_RFSf.pdf

📈Here’s my free investing course:

https://makingmoney.email/investing-course-audio

🤝 Get help from a financial adviser to navigate big decisions

https://makingmoney.email/financial-advisors-audio

🎉Sponsors

Odoo - 45 business apps in one: ⁠https://www.odoo.com/r/MM1

Vanta - Get your company secure and compliant: https://vanta.com/makingmoney

Tide - Get up to 4.22% AER (variable) on your business savings. Use this link https://www.tide.co/offers/makingmoney or the code 'MAKINGMONEY'. You'll also get £100 if you fund your account with £5,000 in the first 30 days. Ts&Cs apply. 

The more you save, the higher the rate—up to 4.22% AER (variable) on balances over £1M. New Tide members receive these rates free for 6 months, then your Tide plan’s savings rate and thresholds apply. Visit https://tide.co/savings for full terms and conditions.

–

If you purchase a product or service using one of the links above, we may receive a 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.

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.

Do you have a Defined Benefit (DB) pension but not quite sure how it works? Is there a way to retire early in a DB scheme? Is transferring out ever really worth it? Financial adviser Peter Lawlor, from Expert Pensions Advice, has over 30 years of experience and breaks it all down.

You can book a free call with Peter here: https://calendly.com/peter-1138/60min

Or you can email him here: [email protected]

🧑‍💻DB Pension Decoder - free guide to figure out the value of your pension

https://makingmoney.email/DB-decoder-audio

🤝 Want 1:1 help from a financial adviser?

⁠https://makingmoney.email/financial-advisors-audio⁠

🎉Sponsors

Odoo - 45 business apps in one: ⁠⁠https://www.odoo.com/r/MM1⁠

Vanta - Get your company secure and compliant: ⁠https://vanta.com/makingmoney⁠

Tide - Get up to 4.22% AER (variable) on your business savings. Use this link ⁠https://www.tide.co/offers/makingmoney⁠ or the code 'MAKINGMONEY'. You'll also get £100 if you fund your account with £5,000 in the first 30 days. Ts&Cs apply. 

The more you save, the higher the rate—up to 4.22% AER (variable) on balances over £1M. New Tide members receive these rates free for 6 months, then your Tide plan’s savings rate and thresholds apply. Visit ⁠https://tide.co/savings⁠ for full terms and conditions.

–

If you purchase a product or service using one of the links above, we may receive a 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.

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.

Is getting a prenup just for the ultra-rich? What if it’s just smart planning for everyone? Family lawyer Ursula Danagher says financial conversations early in a relationship could save you big time later. From protecting your pension to avoiding costly legal battles, this is advice every couple should hear.

Ursula's details: https://www.spencer-west.com/team/ursula-danagher/

🤝 Want 1:1 help from a financial adviser?

⁠https://makingmoney.email/financial-advisors-audio⁠

🎉Sponsors

Odoo - 45 business apps in one: ⁠⁠https://www.odoo.com/r/MM1⁠

Vanta - Get your company secure and compliant: ⁠https://vanta.com/makingmoney⁠

Tide - Get up to 4.22% AER (variable) on your business savings. Use this link ⁠https://www.tide.co/offers/makingmoney⁠ or the code 'MAKINGMONEY'. You'll also get £100 if you fund your account with £5,000 in the first 30 days. Ts&Cs apply. 

The more you save, the higher the rate—up to 4.22% AER (variable) on balances over £1M. New Tide members receive these rates free for 6 months, then your Tide plan’s savings rate and thresholds apply. Visit ⁠https://tide.co/savings⁠ for full terms and conditions.

–

If you purchase a product or service using one of the links above, we may receive a 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.

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.

Is a wealth tax the answer to fixing an unfair tax system? Tax expert Dan Neidle says no — and reveals why wealth taxes don’t work, how a land tax could be fairer, what real reform would look like, and why no politician has the guts to do it.

💼 If you’re a company owner or self-employed and looking for some tax help

https://makingmoney.email/company-owner-episodes

🤝 Want 1:1 help from a financial adviser?

⁠⁠https://makingmoney.email/financial-advisors-audio⁠⁠

🎉Sponsors

Odoo - 45 business apps in one: ⁠⁠⁠https://www.odoo.com/r/MM1⁠⁠

Vanta - Get your company secure and compliant: ⁠⁠https://vanta.com/makingmoney⁠⁠

Tide - Get up to 4.22% AER (variable) on your business savings. Use this link ⁠⁠https://www.tide.co/offers/makingmoney⁠⁠ or the code 'MAKINGMONEY'. You'll also get £100 if you fund your account with £5,000 in the first 30 days. Ts&Cs apply. 

The more you save, the higher the rate—up to 4.22% AER (variable) on balances over £1M. New Tide members receive these rates free for 6 months, then your Tide plan’s savings rate and thresholds apply. Visit ⁠⁠https://tide.co/savings⁠⁠ for full terms and conditions.

–

If you purchase a product or service using one of the links above, we may receive a 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.

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.

What’s really going on with the global economy? Is the U.S. heading for a recession — and could the UK be among the worst hit? Anatole Kaletsky, Chief Economist at Gavekal and author of Capitalism 4.0, argues that both the U.S. and UK are stuck in outdated, pre-2008 economic thinking. He warns of a U.S. recession before year-end, a potential fiscal crisis in the UK, and a major shift in global economic power.

🤝 Want 1:1 help from a financial adviser?

⁠⁠https://makingmoney.email/financial-advisors-audio⁠⁠

🎉Sponsors

Odoo - 45 business apps in one: ⁠⁠⁠https://www.odoo.com/r/MM1⁠⁠

Vanta - Get your company secure and compliant: ⁠⁠https://vanta.com/makingmoney⁠⁠

Tide - Get up to 4.22% AER (variable) on your business savings. Use this link ⁠⁠https://www.tide.co/offers/makingmoney⁠⁠ or the code 'MAKINGMONEY'. You'll also get £100 if you fund your account with £5,000 in the first 30 days. Ts&Cs apply. 

The more you save, the higher the rate—up to 4.22% AER (variable) on balances over £1M. New Tide members receive these rates free for 6 months, then your Tide plan’s savings rate and thresholds apply. Visit ⁠⁠https://tide.co/savings⁠⁠ for full terms and conditions.

–

If you purchase a product or service using one of the links above, we may receive a 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.

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.

What can history teach us about investing? Is there a right way? Russell Napier—financial historian, author of The Anatomy of the Bear, and founder of the Library of Mistakes—shares what centuries of market behavior reveal about asset allocation, financial repression, and why even the smartest investors get it wrong.

📖 Here’s my free investing course if you don’t fancy reading all the books

https://makingmoney.email/investing-course-audio

🤝 Want 1:1 help from a financial adviser?

⁠⁠https://makingmoney.email/financial-advisors-audio⁠⁠

🎉Sponsors

Odoo - 45 business apps in one: ⁠⁠⁠https://www.odoo.com/r/MM1⁠⁠

Vanta - Get your company secure and compliant: ⁠⁠https://vanta.com/makingmoney⁠⁠

Tide - Get up to 4.22% AER (variable) on your business savings. Use this link ⁠⁠https://www.tide.co/offers/makingmoney⁠⁠ or the code 'MAKINGMONEY'. You'll also get £100 if you fund your account with £5,000 in the first 30 days. Ts&Cs apply. 

The more you save, the higher the rate—up to 4.22% AER (variable) on balances over £1M. New Tide members receive these rates free for 6 months, then your Tide plan’s savings rate and thresholds apply. Visit ⁠⁠https://tide.co/savings⁠⁠ for full terms and conditions.

📈 Investment platforms we use:

Trading 212

Watch this video where Damo explains how to get the most from it: https://youtu.be/BVVZhrM0LVQ

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

Use the code ‘MM’ or this link: https://www.trading212.com/join/MM

InvestEngine 

Get up to a £50 bonus when you invest at least £100.

https://investengine.pxf.io/daOD2Q

Vanguard

Minimum investment of £500 or £100/month.

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

–

If you purchase a product or service using one of the links above, we may receive a 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.

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.

Living standards have stalled — you're worse off than 20 years ago. How do we fix it? David Willetts is a Conservative Member of the House of Lords and President of the Resolution Foundation, where he looks at intergenerational fairness, the theme of his book The Pinch. One of the foundation’s more controversial ideas? Capping ISAs at £100k. 

🤝 Want help from a financial adviser planning your future?

⁠https://makingmoney.email/financial-advisors-audio⁠

🎉Sponsors

Odoo - 45 business apps in one: ⁠⁠https://www.odoo.com/r/MM1⁠

Vanta - Get your company secure and compliant: ⁠https://vanta.com/makingmoney⁠

Tide - Get up to 4.22% AER (variable) on your business savings. Use this link ⁠https://www.tide.co/offers/makingmoney⁠ or the code 'MAKINGMONEY'. You'll also get £100 if you fund your account with £5,000 in the first 30 days. Ts&Cs apply. 

The more you save, the higher the rate—up to 4.22% AER (variable) on balances over £1M. New Tide members receive these rates free for 6 months, then your Tide plan’s savings rate and thresholds apply. Visit ⁠https://tide.co/savings⁠ for full terms and conditions.

–

If you purchase a product or service using one of the links above, we may receive a 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.

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.