The Meaningful Money Personal Finance Podcast

As we near the end of Season Four, where we’ve covered the ins and outs, the hows and the whys of Building Wealth, we need to turn our mind to the reason for it all; the great transition to financial freedom, or, if you like, retirement.

 

Podcast: Subscribe in iTunes | Play in new window | Download

Sponsor Message

This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk

The Great Transition

Having spent all this time talking about building wealth, we’re now looking to start spending it. That’s the subject of Season Five of The MeaningfulMoney podcast coming up in a couple of weeks, but in today’s episode, I want to pave the way…

In this session, you'll discover:

• The reasons why retirement is no longer a line in the sand
• What that means for you
• Why you should keep reassessing your progress towards your goals
• Why you should keep reassessing your goals tin light of your progress
• Why it's important to keep your head down
• Why you should probably avoid lifetstyling
• What on earth lifestyling actually is

Transcript

As always there is a transcript available for the entire show. you can get it by clicking the yuge blue button below: [Coming Soon]

Join the conversation

I love to read and respond to your comments, so please do join in and share.

Question: What has been the biggest thing you've learned or enjoyed in Season Four: Building Wealth? 

Share the love

If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below:

As we near the end of Season Four, where we’ve covered the ins and outs, the hows and the whys of Building Wealth, we need to turn our mind to the reason for it all; the great transition to financial freedom, or, if you like, retirement. Podcast: Subscribe in iTunes | Play in new window […]

Sharp-eared listeners will know that back towards the end of Season 1, in session 154, I asked this same question – how much is enough? That was in the context of a mini-series on Net Worth. Today I want to take a slightly different approach to that question, following on from my chat last week with Chris Budd.

In this session, you’ll discover:

• Why wealth is not just about money
• The importance of defining what financial freedom means to YOU
• That you are allowed to dream
• Why it’s important to price that dream in today’s money
• That adjusting that dream can make a big difference in whether or not it is achievable
• That it is possible to live a life with fewer things and more experiences
• That a balance between the now and the not-yet is the best way to live

 

In our season on building wealth, we’ve covered quite a lot of ground, from the how to the why. Today I want to ask another question: How much, as in, how much is enough? Podcast: Subscribe in iTunes | Play in new window | Download Sponsor Message This podcast is brought to you with the […]

This week I welcome back friend of the show and previous guest, Chris Budd of Ovation Finance. Chris is going to help us find the reason for building wealth. After all, the idea is not just to get rich, but to enjoy that money one day.

 

Podcast: Subscribe in iTunes | Play in new window | Download

Sponsor Message

This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk

Why bother building wealth?

Multi-asset funds should, in my not-so-humble opinion, form the core of anyone's portfolio. They are a kind of fire-and-forget, off-the-shelf, done-for-you portfolio of assets, which will work for you over time.

In this session, you'll discover:

• Chris' definition of what wealthy means
• Some of the different motivations he has come across in his career
• The questions Chris asks to help people discover and verbalise their objectives
• The issues that often hold people back
• The ways that Chris has helped people overcome these self-limiting beliefs
• The link between clarity of a vision and its likelihood of being realised

Resources mentioned in this show

Book: The Financial Wellbeing book - buy from Penny Brohn (more proceeds to the cause)

Book: The Financial Wellbeing book - buy from Amazon (only if you have to!)

Chris' Financial Planning practice: Ovation Finance

Podcast: How to talk to your partner about money

And of course, there's always a transcript of the show available by clicking the mahoosive blue button below: [Coming Soon]  

Join the conversation

I love to read and respond to your comments, so please do join in and share.

Question: What is your definition of becoming wealthy? Let me know in the comments section below.

Share the love

If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below:

This week I welcome back friend of the show and previous guest, Chris Budd of Ovation Finance. Chris is going to help us find the reason for building wealth. After all, the idea is not just to get rich, but to enjoy that money one day. Podcast: Subscribe in iTunes | Play in new window […]

This podcast is 190 episodes old, and yet in all that time, I have never discussed how to choose a multi-asset fund, despite banging on about them for all these years! But now, that omission is rectified, and in this show, I give you everything you need to know and everything you need to do to go about choosing a multi-asset fund.

Sponsor Message

This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support.

You can see what they’re up to at 7im.co.uk

How to choose a multi-asset fund

Multi-asset funds should, in my not-so-humble opinion, form the core of anyone’s portfolio. They are a kind of fire-and-forget, off-the-shelf, done-for-you portfolio of assets, which will work for you over time.

In this session, you’ll discover:

• The difference between guidance and promoting a product, and why one will get me struck off
• The key benefits of multi-asset investing
• Why I believe passive versions of these funds are best, and what that even means
• That out and out performance isn’t all it’s cracked up to be
• The best off-platform research tool to use
• Which sectors Multi-asset funds reside in
• How to filter the available universe of thousands of funds down to just a handful
• How to compare one fund with another

Resources mentioned in this show

Video: Active vs Passive investing

Research tool: Morningstar

Join the conversation

I love to read and respond to your comments, so please do join in and share.

Question: Have you had success choosing a multi-asset fund? Which did you choose and why?

Share the love

If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. 

This podcast is 190 episodes old, and yet in all that time, I have never discussed how to choose a multi-asset fund, despite banging on about them for all these years! But now, that omission is rectified, and in this show, I give you everything you need to know and everything you need to do to […]

Last week we covered the basics of wealth building, the first steps along the way. This week we need to move that on, and look at the next steps you can take as you gain experience and portfolio value over time.

 

Podcast: Subscribe in iTunes | Play in new window | Download

Sponsor Message

This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk

Building Wealth: Next Steps

MeaningfulMoney has to cater to a very large audience, and as such it is often necessary to repeat the basics. But eventually, you'll need to expand your horizons. For those in the position of taking the next steps, this session is just for you.

In this session, you'll discover:

• That there's nothing new under the sun
• That you might need to consider options which are naturally outside your comfort zone
• Why the long-term view is the best perspective
• Some alternative tax wrappers you might find useful beyond pensions and ISAs
• Some alternative asset classes to consider
• A tax tip which can save you thousands on a larger portfolio
• Why gearing is useful when used in moderation
• Why your growing experience is the one of the most useful tools you can bring to bear

Resources mentioned in this show

Podcast: Advanced Investing

Podcast: Peer to peer lending

Podcast: Listener Questions Answered (including a question about private investing)

Podcast: Building Wealth in a Low-Return World

  Join the conversation

I love to read and respond to your comments, so please do join in and share.

Question: Have you tried any of these wrappers or asset classes? How was your experience?

Share the love

If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below:

This season, we’re talking about building wealth. The basics are in place: you know how to budget, you’re protected against disaster and now you’re looking to build on a sure foundation for the future. This week and next week I’m going to be covering the practicalities of wealth building, starting this week with the basics for those just getting started, and next week developing things for those further along the wealth-building road.

 

 

Podcast: Subscribe in iTunes | Play in new window | Download

Sponsor Message

This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk

Building Wealth: Getting Started

Let me start right from the top by reminding you that there are no secrets to wealth-building success. It really isn’t rocket science, and anyone that promises overnight or otherwise speedy results is a charlatan and must be avoided, or reported. Generally, building wealth done right is a slow process, building over time. There are ways to accelerate your progress, which we’ll talk about more next week, but the basic principle is that of building, brick by brick, layer by layer over time until the edifice is completed.

In this session, you'll discover:

• The important of laying strong foundations
• Why when starting out, you are your own worst enemy
• Why you shouldn't run before you can walk
• The only two tax accounts most people ver need
• The simplest way to make your life, erm, simple
• The first investment funds you should choose
• The benefit of automation
• Why you should track your progress

Resources mentioned in this show

Podcast: Protecting your future

Podcast: Protection Revisited

Podcast: Season Three: Behavioural Finance

Podcast: Direct Platform Investment, with Mark Polson

Platform Guide: From the Lang Cat

Video: Platforms, Wrappers, Funds and Assets

Budget Software: You Need A Budget

Audible audiobooks - Click here

  Join the conversation

I love to read and respond to your comments, so please do join in and share.

Question: What challenges have you faced when getting started building wealth? Share in the comments...

Share the love

If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below: