Superb Diamond Range Podcast

#47

Disclaimer:

We are not financial advisors. The content on this podcast and YouTube videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research!

This episode we have Meagan from the financial blog Mrs Moneyhacker originally from Canada but now living in Ireland. We will be discussing investing from the perspective of living in Ireland. Been wanting to do a show about investing within Ireland for a while so my research led me to Meagan's awesome blog that I highly recommend.

1. Give us a little bit of your background, I can see you've moved all the way from rural Quebec to the Emerald Isle and what got you to start your blog Mrs. Money Hacker?

2. What first got you thinking about investing or the potential of financial independence?

3. I come across allot of blogs/podcasts mainly based in the USA about personal finance there are obviously a few in UK but not many about investing in Ireland curious to know how easy it is to invest in Ireland?

4. I note from your blog you follow an indexing ETF approach to investing (like myself) curious to know what you invest in these days?

5. With me being based in the UK and it being a small country I follow the global markets in using The Vanguard All World ETF and If I was to get bonds I would probably use UK Gov bonds/Gilts which would be sterling based potentially the currency I may well be spending in the future. Do you follow a similar approach I know you also have investments back in Canada as well as in Ireland so curious to know?

6. What are the typical investment vehicles available in Ireland that can be utilized? Typically in UK we use ISA's Tax Free Growth, Taxable Share Accounts, Tax deferred DC & DB Workplace Pensions and SIPP's.

7. One of the things I picked up from your blog is that you don't always follow what everyone else is doing. An example of this was when you were considering moving to Ireland your family in Canada were unsure it was the right thing to do as everything was going according to the script but it proved with time to be a great idea. You obviously make your own luck?

8. What is it you like so much about Ireland? because I can see you always had a plan to go back since first visiting.

8.1. I actually have an uncle who spent half his life living and working in Winnipeg, Canada and half his life in Ireland growing up there. He was always homesick for Ireland and only in recent years when his sons grew up and started their careers in Canada did he move back to live in Ireland. No place like home! Hey?

9. Along the same lines a common thing that is always recommended by financial gurus and Independent financial advisors is to make the most of your company pension or Self invested Personal Pension for my USA listeners the 401K plan. I am guilty of going along with this advice and I work in the pension industry. Was curious to know your thoughts on pensions? I do have my own doubts about losing control and governments changing rules, moving goal posts and future tax rates.

10. What are your thoughts on property investing? Ireland is a very expensive place to live having family over there or at least family in Kildare and Dublin and having made a few trips over the years I have noticed this.

11. Is there much of a community interested in personal finance in Ireland or within your immediate network? Like your work colleagues or circle of friends? I know Irish like Scottish enjoy having a good time

12. What are your views on consumer debt? Do you think it's OK to invest while still carrying consumer debt or better to wipe debt out first? Most would say mortgage debt is OK but anything like a high interest credit card not worthwhile.

13. Is there any finance books or books in general that you can recommend, ones that you really enjoyed and helped you on your journey?

14. I note from your a recent email you sent me that you like video games my personal favorite is Final Fantasy 7 (The Original) what are some of your fave games of all time?

15. From all your experience in investing what would be your advice to a young 20 Something who is considering starting investing but has no idea where to begin or where to go or who he needs to know? (Funny play on some Smiths Lyrics there)

16. Finally Meagan been an absolute pleasure having you on the show if any of my listeners would like to check out your work on the internet where would be the best place? I will link in the show notes.

Be sure to check out Meagan's finance Blog:

https://mrsmoneyhacker.com

#46

Disclaimer:

We are not financial advisors. The content on this podcast and YouTube videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research!

Pay Yourself First!!!

How I first heard of the concept

Allocate a percentage of your wages say 5% or 10% or more

Put your name on the bill column

Do it before the bills

Move to a separate account

Can be accessible or locked away in a pension

Direct debit or standing order

Automatic payments

The advantage of the earlier you start the better due to magic of compounding

Helps with budgeting, how little can I live on this month?

Automation creates momentum and momentum is key

Importance of taking care of yourself first

Always save before you spend, money left in your account if you're like me you'll find a way to spend it.

Be mindful if you owe high interest credit cards or other types consumer debt

Honourable mentions:

Julio De Laffitte

https://youtu.be/nSXpmjNP2Ug

-

City Boys R Us

https://youtu.be/0cps1sWxvHs

-

Book: The Richest Man in Babylon by George S Clason

-

Podcast: https://podcasts.apple.com/us/podcast/superb-diamond-range/id930684983?mt=2 https://podcasts.google.com/?feed=aHR0cDovL3N1cGVyYmRpYW1vbmRyYW5nZS5saWJzeW4uY29tL3Jzcw https://tunein.com/podcasts/Educational/Superb-Diamond-Range-p677627/ https://www.stitcher.com/podcast/libsyn-9/superb-diamond-range Follow on: https://twitter.com/superbdiamondra https://www.youtube.com/channel/UCztKXSrR8fC4CbVVJ9aC8_w Contact the show: [email protected]

#45

Disclaimer:

We are not financial advisors. The content on this podcast and YouTube videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research!

About our guest today Perry of Stupid Is The Norm:

We are Perry and Will.

Stupid Is The Norm is the brainchild of Perry who has made every financial mistake there is to make. Combine that experience with the geeky prowess of Will, SITN was brought to life across multiple platforms.

Together we have created a programme that has brought Perry from bankruptcy, to now being able to invest £1200 + per month.

We are normal guys who are doing something extraordinary.

And believe that anyone can become wealthy, regardless of age, ability or education.

Which is why we want to show you how.

--

1. Tell me a bit about yourself and what inspired the website, blog and YouTube videos of Stupid is the norm? 2. I can tell by your content that you are trying to inspire the average man/woman to work hard and too save and invest. I note from your videos that you work really hard and allot of hours. Sacrifice is important to achieve your goals? 3. I really like the common sense, fun way you approach getting the message across in your videos do you think this is a good way to spread the message of Financial Freedom? 4. What book, situation, movie/video or friend got you thinking more seriously about your finances? 5. I note from your excellent free PDF book (which is really good highly recommend) that you are a believer in investing in the FTSE 100 do you mainly focus on UK investing or do you also invest Globally? 6. What is your investing strategy? 7. Do you prefer ISA's to Pensions or a mix of both? 8. What are your thoughts about the state pension? 9. Do you think people who earn low or minimum wage with high expenses or debt always delay saving until a future pay rise or winning the lotto and should start now even if it's a small amount each month to begin with? 10. How do you feel about Debt? Obviously allot of people think It's ok to borrow or smash their credit cards. 11. What do you think of property investing? 12. Rent Vs Buy, which do you think makes the most sense? 13. How important do you think it is to develop a savings habit or to pay yourself first? 14. Allot of your content discussing mindset, one of my personal favs is a conversation with an idiot. Most people are living for today and not taking care of business. Like holidays nights at the pub take priority. How easy is it to change your mindset and beliefs? 15. Finally Perry been an absolute pleasure having you on the show. To finish, would you like to mention anything? Also where can my audience find you online? Please check out Stupid is the Norm: Website: https://www.stupidisthenorm.co.uk Twitter: https://twitter.com/stupidisthenorm ---- Podcast: https://podcasts.apple.com/us/podcast/superb-diamond-range/id930684983?mt=2 https://podcasts.google.com/?feed=aHR0cDovL3N1cGVyYmRpYW1vbmRyYW5nZS5saWJzeW4uY29tL3Jzcw https://tunein.com/podcasts/Educational/Superb-Diamond-Range-p677627/ https://www.stitcher.com/podcast/libsyn-9/superb-diamond-range Follow on: https://twitter.com/superbdiamondra https://www.youtube.com/channel/UCztKXSrR8fC4CbVVJ9aC8_w Contact the show: [email protected]

#44

Disclaimer:

We are not financial advisors. The content on this podcast and YouTube videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research!

Interview with Ed Mills The Millionaire Educator. Ed is a huge inspiration to me personally as well as to many others interested in Financial Independence and within the FIRE community. Ed Mills shows the path he as a teacher and his family have taken to take care of business and their future using various retirement saving pots like the 401K and Roth IRA and 457B Plan. Ed's advice is to avoid debt, become a hard core saver and work a plan, even if it's not perfect just getting started can leads to great results in the long term. The front loading strategy. Ed also discusses the tax advantages of saving in Pre-Retirement accounts. Ed's courage and willingness to move jobs and location to break service and move money to a better platform with lower costs. Geoarbitrage advantages. Also Ed has a passion for travel particularly Mexico and South America. As well as to be careful of the plan fee's. Types of investments.

Be sure to check out Ed's Website:

https://www.millionaireeducator.com

Twitter: @Ed_Mills_

---- Podcast: https://podcasts.apple.com/us/podcast/superb-diamond-range/id930684983?mt=2 https://podcasts.google.com/?feed=aHR0cDovL3N1cGVyYmRpYW1vbmRyYW5nZS5saWJzeW4uY29tL3Jzcw https://tunein.com/podcasts/Educational/Superb-Diamond-Range-p677627/ https://www.stitcher.com/podcast/libsyn-9/superb-diamond-range Follow on: https://twitter.com/superbdiamondra https://www.youtube.com/channel/UCztKXSrR8fC4CbVVJ9aC8_w Contact the show: [email protected]

#43

Disclaimer:

We are not financial advisors. The content on this podcast and YouTube videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research!

Welcome Lars to the superb diamond range show, it's an honour to have you on the show. So Lars could you start by telling our listeners a little about you and your background?

Before we talk about your preferred investing strategy, what are your thoughts on buying individual stocks and in people believing they have an edge over the market? Your strategy is not particularly complex which drew me to it. In fact it is very simple and low cost it generally involves 2 possibly 3 funds (if you wanted to add corporate bonds as well as government bonds). Can investing really be this simple and easy? Now generally speaking there are two parts to your strategy a global equity stocks part and a local/national currency you live in dominated bond part if it makes sense where you live. Please can you tell our listeners about the Equity side? Presumably this will be the engine and riskier side of the investment. Advantages: Shares offer higher returns, diversity away from home. I notice allot of default occupational pensions have a heavy leaning to the UK for example as well as the Vanguards Lifestrategy range. Currency risk is another thing to look out for which leads to allot of individual investors being heavy in their home market. What's your opinion on home bias? Now would you mind telling us about the volatility reducer or as I refer to them the breaks of the fast car? This would be for the fixed income side of the portfolio. Bonds? Thoughts on adding corporate bonds to this mix? I have heard a 60% Gov bonds to 40% Corporate bonds can be a good blend. Also heard corporate bonds can behave like stocks in a crash so would you not be better off increasing global equities to take a bit more risk and just hold less Gov bonds. You mention in your book 'investing demystified' and 'YouTube' videos about the lowest risk asset available, what would you describe that as and if you believe such a thing exists in todays market? Do you have a personal preference on using say index funds Vs say ETF's? How important do you feel liquidity is with investing? Here in the UK we have tax sheltered vehicles like pensions and stocks and shares ISA's. Do you have any suggestions where best to hold certain assets. You often hear about asset allocation this question more fefers to asset location. So for example you may choose to hold Global equities mainly in your ISA and then Mostly fixed income Gov bonds in your pension. Any thoughts on this? Obviously you mention it's very important to think about taxes as it can really derail your plans. Each individual has different risk tolerances, ages, situations and incomes. Would you recommend seeking help from a financial adviser to determine their risk levels to figure out their asset allocation? Obviously there is many rules of thumb out there like your age minus 100 equals your bond portion or the 120 and 110 rule. I note from a previous podcast you were on called 'Informed Choice Radio' you said you should really only buy what fund you need at the time and to take time to assess your allocation if you feel it needs changing or updating according to where you are in your life financially. Making emotional or behavioural mistakes within investing is quite common particularly for beginners. Obviously you can make this low cost approach to investing unnecessarily expensive and defeat it's purpose and simplicity. What is your take on charges for dealing fees within platforms and mistakes individual investors make by over trading with their investments say possibly even changing funds allot? Or even trying to time the market? You're currently living in my old home town London where house prices are really crazy, scary even and even renting can be extremely expensive depending on the area and type of place. I personally like the freedom renting gives but will admit sometimes purchasing property can make sense when you make the right calculations. What is your opinion on property investing? Curious to hear your opinion on investing in Gold, be it owning it physically as well as through an ETF? Any thoughts on Bitcoin or Crypto currency investing? I'm personally not that interested in it but I realise it's quite popular these days.

This is the bogleheads forum page I first discovered Lars Kroijer in:

https://www.bogleheads.org/forum/viewtopic.php?t=237134

Be sure to check out Lars's Website:

https://www.kroijer.com

Books:

Investing Demystified:

https://amzn.to/4bfDEDG

https://amzn.to/48UEjIX

Money Mavericks: Confessions of a hedge fund manager

https://amzn.to/3uks898

&

Awesome Youtube video series:

https://www.youtube.com/watch?v=_chiIIxMGl0&list=PLXy71rkGuCjXLg9N8zowwUpXCYfBcMJFK

---- Podcast: https://podcasts.apple.com/us/podcast/superb-diamond-range/id930684983?mt=2 https://podcasts.google.com/?feed=aHR0cDovL3N1cGVyYmRpYW1vbmRyYW5nZS5saWJzeW4uY29tL3Jzcw https://tunein.com/podcasts/Educational/Superb-Diamond-Range-p677627/ https://www.stitcher.com/podcast/libsyn-9/superb-diamond-range Follow on: https://twitter.com/superbdiamondra https://www.youtube.com/channel/UCztKXSrR8fC4CbVVJ9aC8_w Contact the show: [email protected]

#42

Interview with Jennifer Kempson of the Mamafurfur Blog & Youtube channel.

Tell us a bit about yourself and how you got interested in personal finance and helping others through your blog and YouTube channel?

Do you identify with the FIRE movement? What is your investment strategy? Allocations? What are your thoughts on stocks and share ISAs vs Pensions? How important do you think having a budget is? What is your idea of a good emergency fund? You've done some videos on mortgages, your thoughts on overpaying vs paying the typical minimum monthly amount and investing on the side? Do you have any interest in owning rental properties? What are your thoughts on the student debt crisis globally? Why do you think we are not taught much about personal finance at school? Do you think it's important for parents to teach their children about money? I have an unreal interest in reading up about personal finance and investing and i'm sure you do as well but would you say many people we know in are every day lives may be less interested in finances. For example people i meet at work have no interest in their pension or even what it's invested in. Any thoughts? I note you are a big fan of Vanguard like me. How did you first find out about this company? Do you have any favourite books? Can be finance books or any type. With the message that you're spreading and the help your giving others. What motivates you? Be sure to check out Jennifer's Blog: https://mamafurfur.com & Awesome YouTube Channel: https://www.youtube.com/channel/UCPvSN7kot8zJUreVzs-0y8A ---- Podcast: https://podcasts.apple.com/us/podcast/superb-diamond-range/id930684983?mt=2 https://podcasts.google.com/?feed=aHR0cDovL3N1cGVyYmRpYW1vbmRyYW5nZS5saWJzeW4uY29tL3Jzcw https://tunein.com/podcasts/Educational/Superb-Diamond-Range-p677627/ https://www.stitcher.com/podcast/libsyn-9/superb-diamond-range Follow on: https://twitter.com/superbdiamondra https://www.youtube.com/channel/UCztKXSrR8fC4CbVVJ9aC8_w Contact the show: [email protected]

#41 Disclaimer: Regarding Copyright Infringement. Content will not be monetised. All respect and credit goes to the creators of these legendary games and composers. Sega, Konami, [Merlin] Xelon Entertainment and Square Enix. Yuzo Koshiro, Michiru Yamane and the great Nobuo Uematsu. In this show majority of the music is from my personal favourite game of all time Final Fantasy 7, as well as music and gameplay sound from Streets of Rage 1 (Still holds up) and another one of my favourites Castlevania: Symphony of the night! Firstly, I play a comparison of the music from FFVII on the PC Vs original PS1 Music. Much prefer the original PS1. More comparisons can be found by the Great Aaron Mavrinac who took the time to put together a musical comparison. Here is a link to Aaron's Youtube channel: https://www.youtube.com/watch?v=7EAlFvLFtt8 I thank him for waking me up to this. Track List is as follows:

• Aaron Mavrinac FFVII PC (1st) Vs PS1(2nd) music comparison.
• Streets of Rage 1 intro music, character select and first stage.
• Castlevania Symphony of the night intro music and first stage.
• FFVII
• Secret of the deep sea
• Cosmo Canyon
• Cid's theme
• Hurry
• Countdown
• Fort condor
• Gold saucer
• Birth of a God
• Aerith's theme
• To finish on the Greatest: One-Winged Angel

Podcast: https://podcasts.apple.com/us/podcast/superb-diamond-range/id930684983?mt=2 https://podcasts.google.com/?feed=aHR0cDovL3N1cGVyYmRpYW1vbmRyYW5nZS5saWJzeW4uY29tL3Jzcw https://tunein.com/podcasts/Educational/Superb-Diamond-Range-p677627/ https://www.stitcher.com/podcast/libsyn-9/superb-diamond-range Follow on: https://twitter.com/superbdiamondra https://www.youtube.com/channel/UCztKXSrR8fC4CbVVJ9aC8_w Contact the show: [email protected]

#40: In this 45 minute show we play the music of:

• Double Dragon NES
• Double Dragon Gameboy
• Tetris Arcade
• Tetris Type A Gameboy
• Sonic 1 including Intro,Green Hill Zone & Starlight Zone
• Sonic 2 including Emerald Hill Zone, Chemical Plant Zone, Metropolis Zone & Sky Chase Zone
• Mario Bros 3 The Movement
• Super Streetfighter 2 including Ryu,Ken,M.Bison/Balrog & Guile's theme.

Disclaimer: Regarding Copyright Infringement. Content will not be monetised. All respect and credit goes to the creators of these legendary games and composers. Technos Japan, Alexey Pajitnov, Sega, Nintendo and Capcom USA/Japan. Kazunaka Yamane, Bradinsky, Masato Nakamua & Yoko Shimomura.

Podcast: https://podcasts.apple.com/us/podcast/superb-diamond-range/id930684983?mt=2 https://podcasts.google.com/?feed=aHR0cDovL3N1cGVyYmRpYW1vbmRyYW5nZS5saWJzeW4uY29tL3Jzcw https://tunein.com/podcasts/Educational/Superb-Diamond-Range-p677627/ https://www.stitcher.com/podcast/libsyn-9/superb-diamond-range Follow on: https://twitter.com/superbdiamondra https://www.youtube.com/channel/UCztKXSrR8fC4CbVVJ9aC8_w Contact the show: [email protected]

#39

* Legal: I am not a financial expert and all of the advice and information presented in my podcasts is purely anecdotal. Always consult with a financial expert before investing or moving your money— especially if you are an American or British Citizen as US/UK tax laws are very complicated.

Investing in either an ISA (after Tax) or a workplace pension or sipp Pre-Tax.

Choosing your investments.

Stocks, Bonds & REITs.

Investment behaviour.

I love Vanguard.

Picking an Allocation.

Risk Level.

How I invest.

Always use a tax free vehicle like a pension or isa.

Pensions vs Isa's.

Always take full advantage of your employer match, it's free money after all. No better deal in the market.

Recommended reading: Fail Safe investing by Harry Brown, Investing Demysified by Lars Kroijer and The stock series Blog and Simple path to wealth book by Jim Collins.

Podcast: https://podcasts.apple.com/us/podcast/superb-diamond-range/id930684983?mt=2 https://podcasts.google.com/?feed=aHR0cDovL3N1cGVyYmRpYW1vbmRyYW5nZS5saWJzeW4uY29tL3Jzcw https://tunein.com/podcasts/Educational/Superb-Diamond-Range-p677627/ https://www.stitcher.com/podcast/libsyn-9/superb-diamond-range Follow on: https://twitter.com/superbdiamondra https://www.youtube.com/channel/UCztKXSrR8fC4CbVVJ9aC8_w Contact the show: [email protected]

#38

Keeping up with the jones's, must have the latest and greatest new iPhone.

Buying a phone cash Vs Financing a phone over a lengthy contract.

The belief that pay as you go/prepay is more expensive than contract.

Sim only contract option, 30 day contract or 12 month.

Network quality, bad experiences with poor signal, dropped calls etc.

Getting the balance of affordable but good quality.

Data plans, do we really need so much data.

Notifications overload.

WhatsApp or Skype over wifi, VOIP options ETC.

Don't be fooled to renew contract, it may be a trap.

My current plan on pay as you go.

Podcast: https://podcasts.apple.com/us/podcast/superb-diamond-range/id930684983?mt=2 https://podcasts.google.com/?feed=aHR0cDovL3N1cGVyYmRpYW1vbmRyYW5nZS5saWJzeW4uY29tL3Jzcw https://tunein.com/podcasts/Educational/Superb-Diamond-Range-p677627/ https://www.stitcher.com/podcast/libsyn-9/superb-diamond-range Follow on: https://twitter.com/superbdiamondra https://www.youtube.com/channel/UCztKXSrR8fC4CbVVJ9aC8_w Contact the show: [email protected]