We’re living longer, saving too little, and the state pension’s under pressure. So, can we actually afford to retire in the future?  Our favourite pensions expert Tom McPhail joins us to chat through what’s changing in the current pension system, what’s not, and what it all means for your future.

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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.

Chapters:

00:00 - We’re at a crisis point 

05:56 - Is it too late?

10:42 - Is change even possible?

13:16 - What could change today?

18:50 - Vanta ad

20:00- Who doesn’t have enough to retire?

23:40 - Will consolidating schemes benefit you?

29:50 - Have you lost a pension pot?

34:25 - TaxZap ad

35:34 - Should the government force schemes to invest in the UK?

43:58 - Is the state pension a ticking time bomb?

53:05 - What actually gets people to save more?

55:35 - Why the triple lock needs to go

58:38 - What’s coming in the Autumn Budget?

The ‘AI Bubble’? The ‘Everything Bubble’?...Is the stock market actually overvalued? And what should you do about it? We’re in Manchester this week,  joined by local friend of the podcast and YouTuber Toby Newbatt for a deep dive into markets.

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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.

Chapters:

The free market hasn’t made us free — that’s the case Nobel Prize-winning economist Joseph Stiglitz makes in his latest book 'The Road to Freedom'. So how do we fix it?

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TaxZap - Do your self-assessment by Jan 31 & use code MONEY10: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://makingmoney.email/taxzap⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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

–

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.

Chapters:

00:00 — Are We Truly Free?

10:20 — Unlimited Wealth?

14:33 — Taxzap ad

15:45 — Small Govt = Less Freedom

22:42 — When Inequality Is Theft

26:21 — Vanta ad

27:30 — MLK’s Fight Reversed

33:00 — AI Will Divide Us

35:37 — Tax Land, Not Work

40:22 — How Billionaires Avoid Tax

45:34 — Reasons for Hope

Maybe being good with money isn’t about never making mistakes — it’s about learning from them. Jessica McGawley helps ultra-wealthy parents teach their kids about resilience and responsibility — lessons she says every family needs to learn too.

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

–

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.

Why aren’t we taught about money — and who benefits from keeping it that way? Abigail Foster wants to fix the UK’s financial literacy problem. A trained accountant, she’s built a massive Instagram following (@abigailrosefoster) and taught over 50,000 schoolchildren through her company Elent. She’s now written a book, The Money Manual — but despite working with institutions like HMRC and the Treasury, she’s frustrated by how little has actually changed.

Be one of the first people to test our new financial guidance AI: https://getmost.co.uk/chat

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TaxZap - Do your self-assessment by Jan 31 & use code MONEY10: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://makingmoney.email/taxzap⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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

–

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.

Are tax rises on the way? With taxes already at record highs but public services still under strain, the government faces tough choices. Helen Miller, the new director of the IFS (Institute for Fiscal Studies), warns that politicians aren’t being honest with voters and makes the case for bold tax reform.

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TaxZap - Do your self-assessment by Jan 31 & use code MONEY10: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://makingmoney.email/taxzap⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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

–

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.

Around 70% of people have no retirement plan, and most aren’t saving enough, says Joe Dabrowski, Deputy Director of Policy at Pensions UK. They are the people behind the Retirement Living Standards, which outline the annual cost of a minimum, moderate, or comfortable retirement.

Here’s our pension provider cheat sheet: https://makingmoney.email/pension-cheat-sheet 

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TaxZap - Do your self-assessment by Jan 31 & use code MONEY10: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://makingmoney.email/taxzap⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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

–

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 happens if you start investing late? Georgie Frost was in significant debt in her 20s and had only £1,500 in her pension at 31. Now she’s Editor-at-Large at Times Money Mentor and one of the hosts of the Daily Mail’s This Is Money podcast.

🤝 Find the right financial adviser service & book free chat with us: ⁠⁠https://makingmoney.email/financial-advisors-audio⁠⁠⁠⁠⁠

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TaxZap - Do your self-assessment by Jan 31 & use code MONEY10: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://makingmoney.email/taxzap⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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

–

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.

Whenever you see long-term stock market averages quoted, chances are they come from Elroy Dimson’s research. Together with Mike Staunton and Paul Marsh, Dimson co-authored The Triumph of the Optimists, the landmark study of 101 years of global investment returns—now expanded to cover more than 125 years of market history. He also helped create the FTSE 100 Index and advised Norway’s sovereign wealth fund. So, what does their research tell us about future returns? Can we really trust the numbers? And is American exceptionalism over?

Here’s our compound calculator: https://makingmoney.email/compound-interest-calculator

Here’s the video I made that Elroy talks about in the episode: I Analysed 100 Years of Index Funds, This Is What I Found

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TaxZap - Do your self-assessment by Jan 31 & use code MONEY10: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://makingmoney.email/taxzap⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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

–

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.

It’s our 100th episode—has the podcast changed how we invest? What was our favourite episode? Who’s taller? We’re picking your questions out of a hat and answering some from past guests, including Meaningful Money’s Pete Matthew and Toby Newbatt.

🤝 Find the right financial adviser service & book free chat with us: ⁠⁠⁠https://makingmoney.email/financial-advisors-audio⁠⁠⁠⁠⁠⁠⁠⁠

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Franchise Exhibition - go for free: ⁠⁠⁠⁠⁠⁠⁠https://www.franchiseinfo.co.uk/franchise-exhibitions/the-british-international-franchise-exhibition/⁠⁠⁠⁠⁠⁠⁠

TaxZap - Do your self-assessment by Jan 31 & use code MONEY10: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://makingmoney.email/taxzap⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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

–

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.