The Wallet

Sharmadean Reid is the Founder and CEO of The Stack World — a platform that helps women monetise their communities, and equip women with the tools they need to excel in their field.

As one of the 10 Black female entrepreneurs in the UK this past decade who's raised venture capital, Sharmadean is undeniably a force to be reckoned with. Committed to her personal values and helping women reach their full potential, she is the prime example of someone who is amazing at bringing her ideas into action. 

Today on The Wallet: 

1. Sharmadean talks about how she came to be conscious of the many obstacles that women face in trying to reach their full potential, how this inspired her to create The Stack World, and the importance of aligning her personal values with the company’s culture. 

2. Running a tech business isn’t easy, but Sharmadean says that she’s learned a huge amount in the process, so she shares her experience of fundraising and being a founder in general.

3. Growing up, Sharmadean didn’t have a sense of financial security, which impacted her money mindset in adulthood. Sharmadean tells us about the work she’s put in to make a shift in her relationship with money. 

You can follow and connect with Sharmadean at:

Website: https://thestack.world/ 

Instagram: @sharmadeanreid 

Twitter: @sharmadeanreid

Resources mentioned in the episode:

• Book recommendation: Of Human Freedom by Epictetus
• Pre-order Sharmadean’s book (out Feb 2023): New Methods for Women: A Fresh Perspective on Life, Work and Relationships
• How London’s Property Boom Left Black Britons With Nothing (Bloomberg) 
• Building Black Generational Wealth (The Stack)

Our podcast partners PensionBee are also offering you a £25 pension contribution (£20, plus £5 in tax relief) when you sign up. To claim the offer, follow this link: https://www.pensionbee.com/vestpod. Capital at risk. 

I’m Emilie Bellet, the founder of Vestpod - a thriving community that financially empowers women, author of You’re Not Broke, You’re Pre-Rich and host of The Wallet! You can learn more about Vestpod, join our events and subscribe to our newsletter at www.vestpod.com and on Instagram @vestpod. Join our private Facebook group: @vestpod. 

We want to open up a direct conversation with you on the podcast. You can submit a proud money moment, a question or a comment on a previous episode. You just need headphones and mic at the ready and follow this link (https://telb.ee/abrzt) or email me the recording at [email protected].

* Please note that we are not certified, financial advisers! The articles and information made available on Vestpod and this podcast are provided for information and educational purposes only and do not constitute financial advice.*

Hosted on Acast. See acast.com/privacy for more information.

In today’s episode, we talk about setting realistic financial foundations to keep you thriving in 2022. Starting a new year is daunting, and we make our lives that much harder by putting unnecessary pressure on ourselves with huge resolutions. Instead of making a grand list that you’ll inevitably abandon before February, I want to talk you through practical, easy to achieve, and most importantly, impactful financial goals.

Today on The Wallet: 

1. We will look at the importance of adopting a growth mindset and how you can shift from thinking about money as a scarce resource, to thinking of money as something that is in abundance.

2. Before leaping into long-term goals, we need to make sure your financial basics are solid, so we will go through everything from your budget to your net worth.

3. With saving rates tumbling, it’s important to invest your money to achieve your longer-term goals. We will go over the basics of investing and highlight everything you need to know to either get started with or continue your investment journey. 

Our podcast partners PensionBee are also offering you a £25 pension contribution (£20, plus £5 in tax relief) when you sign up. To claim the offer, follow this link: https://www.pensionbee.com/vestpod. Capital at risk. 

I’m Emilie Bellet, the founder of Vestpod.com - a thriving community that financially empowers women, author of You’re Not Broke, You’re Pre-Rich and host of The Wallet! You can learn more about Vestpod, join our events and subscribe to our newsletter at www.vestpod.com and on Instagram @vestpod. Join our private Facebook group: @vestpod. 

Be part of the podcast! You can submit a proud money moment, a question or a comment on a previous episode. Follow this link (https://telb.ee/abrzt) or email me your recording at [email protected].

* We are not certified financial advisers, information shared in this podcast is for educational purposes & does not constitute financial advice. Invest what you can afford only and for the long term.*

Hosted on Acast. See acast.com/privacy for more information.

Kim Palmer is the Founder of Clementine - a hypnotherapy app for busy women who want to find their inner calm, reduce anxiety, ditch self-doubt and get a great night's sleep. 

Back when Kim worked in the corporate world, she started to realise that the things she thought would make her happy – money to spend on clothes and holidays – were not actually bringing her joy. As her mental health continued to deteriorate, Kim decided she needed meaningful change, which eventually led her to launch Clementine.

Today on The Wallet: 

1. Kim reveals how she struggled with her mental health and burnout, why she began wondering whether she was really happy, and how she eventually transitioned to being her own boss.

2. Quitting a well-paying job to launch your business is daunting, so Kim shares her experience of what worked for her, how she views raising funding, and why she is adamant on always asking ‘but why?’. 

3. We’re always striving for something. Kim tells us why it’s paramount we learn how to stop the noise and create a path that works for you and you alone, as well as how to be more mindful about not falling back into old patterns. 

You can follow and connect with Kim at:

• Clementine app: https://clementineapp.com/ 
• Instagram @Clementineappuk
• LinkedIn Kim Palmer

• Join us at Reframe: a virtual wellness festival by women’s mental health app Clementine: https://www.eventbrite.co.uk/e/reframe-the-virtual-wellness-festival-powered-by-clementine-tickets-228916163407 

Resources mentioned the episode:

• Down and Out in Paris and London by George Orwell

Our podcast partners PensionBee are offering you a £25 pension contribution (£20, plus £5 in tax relief) when you sign up. To claim the offer, follow this link: https://www.pensionbee.com/vestpod. Capital at risk. 

I’m Emilie Bellet, the founder of Vestpod.com - a thriving community that financially empowers women, author of You’re Not Broke, You’re Pre-Rich and host of The Wallet! You can learn more about Vestpod, join our events and subscribe to our newsletter at www.vestpod.com and on Instagram @vestpod. Join our private Facebook group: @vestpod. 

Be part of the podcast! You can submit a proud money moment, a question or a comment on a previous episode. Follow this link (https://telb.ee/abrzt) or email me your recording at [email protected].

* Please note that we are not certified, financial advisers! The articles and information made available on Vestpod and this podcast are provided for information and educational purposes only and do not constitute financial advice.*

Hosted on Acast. See acast.com/privacy for more information.

We surpassed 100K downloads of The Wallet podcast!

In this very special episode, you’ll hear our favourite quotes from our top 12 most downloaded episodes. The Wallet has been featured in the Financial Times, Forbes and Stylist Magazine, so you would think that it was an immediate success. But let’s pause for a second and zoom back to the beginning of how it all started. 

I’m Emilie Bellet, the founder of Vestpod.com - a thriving community that financially empowers women, author of You’re Not Broke, You’re Pre-Rich and host of The Wallet! 

Links to previous episodes:

• Know your worth and build your self-confidence, with Tiwalola Ogunlesi
• How am I repaying my £27k credit card debt? with Clare Seal
• How to build a mindset for success? with Lauren Armes 
• The Money Challenges Women Face in 2021, with Claer Barrett 
• The Millennial and Gen-Z guide to money, with Laura Whateley
• Overcoming anxiety around money, with Otegha Uwagba 
• How to transform your relationship with money, with Simonne Gnessen 
• How to take action to stay motivated in 2021, with Adrienne Herbert
• How to save money for the things you want, with Urenna Okonkwo
• Achieving financial independence through property investment, with Ayesha Ofori 
• Investing in the stock market, with Jill Jackson 
• How to be pension confident with Romi Savova

Our podcast partners PensionBee are also offering you a £25 pension contribution (£20, plus £5 in tax relief) when you sign up. To claim the offer, follow this link: https://www.pensionbee.com/vestpod. Capital at risk. 

* Please note that we are not certified, financial advisers!*

Hosted on Acast. See acast.com/privacy for more information.

Helena Morrissey is a passionate advocate for the equality of women and gender balance in workplaces, she is a member of the House of Lords and an established author and mentor with three decades of experience in the financial industry. 

Today on The Wallet: 

1/ Helena tells me how she navigated her way to become a CEO and a board member in a male-dominated industry, and how developing her style and personal brand has helped her to build self-confidence and lead as her authentic self. 

2/ As Chairman of a large investment platform, Helena explains what the role of the chair entails, how we can get more women into leadership and senior positions, and how the statistics of women on boards have improved in recent years. 

3/ In her latest campaign, Helena is encouraging more women to invest for the long term, so today she shares her top tips for getting started with investing.

You can follow and connect with Helena at:

• Instagram: @HelenaMorrissey 
• Twitter: @MorrisseyHelena 
• Book: Style and Substance: A Guide for Women who Want to Win at Work by Helena Morrissey

Resources:

• Vestpod’s Youtube interview with Helena (2018): https://www.youtube.com/watch?v=nnBrPXxfVEk&t=1s 
• Book: A Good Time to be a Girl by Helena Morrissey
• Book: A Short History of Islamic Thought by Fitzroy Morrissey
• 30% Club: https://30percentclub.org 

Our podcast partners PensionBee are also offering you a £25 pension contribution (£20, plus £5 in tax relief) when you sign up. To claim the offer, follow this link: https://www.pensionbee.com/vestpod. Capital at risk. 

I’m Emilie Bellet, the founder of Vestpod (https://www.vestpod.com/) and author of You’re Not Broke, You’re Pre-Rich. Join us on Instagram @vestpod (https://www.instagram.com/vestpod/) and Facebook (https://www.facebook.com/groups/vestpod). Send me your messages at [email protected] or https://telb.ee/abrzt. 

* We are not certified financial advisers, information shared in this podcast is for educational purposes & does not constitute financial advice. Invest what you can afford only and for the long term.*

Hosted on Acast. See acast.com/privacy for more information.

In today’s episode, we answer an anonymous question. Our listener says she finds our podcast and workshops very helpful but wishes her female friends and family would be equally keen to discuss money matters. Broaching the topic of money can feel tricky, so I invited Wealth Coach Sara Maxwell to discuss how to best open up the conversation in a positive and uncontentious way.

Today on The Wallet: 

1/ For many people, talking about money can feel extremely uncomfortable, so we look at the reasons why that is and how we can overcome our money-related fears.

2/ There is often a tendency to procrastinate when it comes to addressing our personal finances, so Sara shares her tips on how to motivate yourself and tackle that money to-do list.

3/ We also discuss the role that money plays in people’s happiness, as well as how to start a conversation about money and investing with friends (without the shame!).

Find Sara:

• Website:https://www.wealth-coach.co.uk
• Instagram @yourwealthcoach

Resources:

- Book: Atomic Habits by James Clear 

Our podcast partners PensionBee are also offering you a £25 pension contribution (£20, plus £5 in tax relief) when you sign up. To claim the offer, follow this link: https://www.pensionbee.com/vestpod. Capital at risk. 

I’m Emilie Bellet, the founder of Vestpod (https://www.vestpod.com/) and author of You’re Not Broke, You’re Pre-Rich. Join us on Instagram @vestpod (https://www.instagram.com/vestpod/) and Facebook (https://www.facebook.com/groups/vestpod). Send me your messages at [email protected] or https://telb.ee/abrzt. 

* We are not certified financial advisers, information shared in this podcast is for educational purposes & does not constitute financial advice. Invest what you can afford only and for the long term.*

Hosted on Acast. See acast.com/privacy for more information.

Today we answer a question from Tanya. She has been wondering about Buy Now, Pay Later schemes as well as the new flex schemes offered by banks. Tanya would like to know how these schemes work and if they do impact your credit score?

Today on The Wallet: 

1/ In 2020 the use of Buy Now, Pay Later services soared to £2.7bn transactions and it continues to be popular with retailers and online platforms. While it’s appealing to shop and not be charged instantly, Buy Now, Pay Later is still a form of credit, so we look at all the pros and cons of using these services. 

2/ Buy Now, Pay Later schemes can be controversial. Research shows that consumers are tempted to buy more than they budgeted for when using these schemes, and may not be aware of the terms and conditions they are entering into. That’s why I have three prompts for you to ask yourself before you make a purchase using Buy Now, Pay Later.

3/ We will also look at what credit checks take place when you enter into a BNPL agreement, as well as how they impact your credit score. 

Resources:

• Book: Mind Over Money: The Psychology of Money and How To Use It Better by Claudia Hammond
• Podcast: How To Save Money For The Things You Want With Urenna Okonkw‪o‬

Our podcast partners PensionBee are also offering you a £25 pension contribution (£20, plus £5 in tax relief) when you sign up. To claim the offer, follow this link: https://www.pensionbee.com/vestpod. Capital at risk. 

I’m Emilie Bellet, the founder of Vestpod (https://www.vestpod.com/) and author of You’re Not Broke, You’re Pre-Rich. Join us on Instagram @vestpod (https://www.instagram.com/vestpod/) and Facebook (https://www.facebook.com/groups/vestpod).

You can submit a proud money moment, a question or a comment on a previous episode. You just need headphones and a mic at the ready and follow this link (https://telb.ee/abrzt) or email me the recording at [email protected].

* We are not certified financial advisers, information shared in this podcast is for educational purposes & does not constitute financial advice. Invest what you can afford only and for the long term.*

Hosted on Acast. See acast.com/privacy for more information.

* Vote for Vestpod in Holly & co Independent awards: https://holly.co/campaign-christmas-2021/independent-awards/female-founder/#nomination-790814 *

Sapphire Bates is the founder of The Coven, an online platform and community providing a support network for female founders and business owners.

Having experienced rapid growth in her business, Sapphire is now focused on adapting how she works to ensure her business is sustainable and supports both her career goals and her mental health. 

Today on The Wallet: 

1/ Sapphire tells me the role money and the desire for financial independence has played in building The Coven, and how her attitude towards money has evolved in the years since starting the business. 

2/ We discuss what it looks like to grow a business sustainably caring for yourself and your team in the process, and how implementing a 4-day work week is working for her team.

3/ As business owners it’s hard to not compare ourselves to others, so Sapphire tells me how she manages feelings of comparison, her approach to taking risks and her advice to anyone wanting to start a new business. 

You can follow and connect with Sapphire at:

• Website: https://thecovengirlgang.com
• Instagram: @thecovengirlgang 
• Twitter: @sapphirejbates

Resources:

• Book: The Breakup Monologues: The Unexpected Joy of Heartbreak by Rosie Wilby 
• Book: Bored and Brilliant: How Spacing Out Can Unlock Your Most Productive and Creative Self by Manoush Zomorodi 

Our podcast partners PensionBee are also offering you a £25 pension contribution (£20, plus £5 in tax relief) when you sign up. To claim the offer, follow this link: https://www.pensionbee.com/vestpod. Capital at risk. 

I’m Emilie Bellet, the founder of Vestpod.com - a thriving community that financially empowers women, author of You’re Not Broke, You’re Pre-Rich and host of The Wallet! You can learn more about Vestpod, join our events and subscribe to our newsletter at www.vestpod.com and on Instagram @vestpod. Join our private Facebook group: @vestpod. 

* Please note that we are not certified financial advisers! The articles and information made available on Vestpod and this podcast are provided for information and educational purposes only and do not constitute financial advice.*

Hosted on Acast. See acast.com/privacy for more information.

In today’s episode, we answer a question from Kathleen. She started her investment journey using robo-advisers but isn’t sure what she’s investing in and wants to take more control in building her portfolio. 

Today on The Wallet: 

1/ Investing is for everyone and thanks to the increased popularity of investing apps, it’s never been easier to get started. Today, we’ll take a step back and look at why, when and how to invest in the stock market. 

2/ You might be familiar with the term “robo-adviser” when talking about investing, but what does this actually mean? We break down their pros and cons, what they do, and things you should consider when looking for an investment platform. 

3/ To help answer Kathleen’s questions, we explain how to understand what funds you are invested in, how to set your level of risk, and next steps for when you’re comfortable with robo-advisors. 

Resources:

• Book: How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely
• Podcast: Investing In The Stock Market With Jill Jackson

Our podcast partners PensionBee are also offering you a £25 pension contribution (£20, plus £5 in tax relief) when you sign up. To claim the offer, follow this link: https://www.pensionbee.com/vestpod. Capital at risk. 

I’m Emilie Bellet, the founder of Vestpod (https://www.vestpod.com/) and author of You’re Not Broke, You’re Pre-Rich. Join us on Instagram @vestpod (https://www.instagram.com/vestpod/) and Facebook (https://www.facebook.com/groups/vestpod). Send me your messages at [email protected] or https://telb.ee/abrzt. 

* We are not certified financial advisers, information shared in this podcast is for educational purposes & does not constitute financial advice. Invest what you can afford only and for the long term.*

Hosted on Acast. See acast.com/privacy for more information.

Aja Barber is a writer and fashion consultant, holding those in power to account by campaigning for a sustainable, inclusive fashion industry that doesn’t exploit workers and our planet.

The fashion industry is one of the leading culprits of greenhouse gas emissions, generating tons of waste. Aja works tirelessly to find ways that we can all be more conscious about consumerism while learning about all the ways systems of power affect our buying habits.

Today on The Wallet: 

1/ We discuss the deep-rooted and complex relationship that we, as a culture, have with consumerism, why we feel the impulse to spend and why it’s so hard to stop consuming.

2/ How and where we spend our money has consequences, and when we consume fast fashion, we should consider who and what we are supporting. Aja shares how we can all approach our purchases as citizens, not consumers.

3/ Aja tells me about her own journey of moving away from overconsumption, what she asks herself before she makes a purchase, and shares her tips for saving money while avoiding cheap, disposable items. 

You can follow and connect with Aja at:

Twitter: @AjaSaysHello 

Instagram: @ajabarber

Book: Consumed: The need for collective change; colonialism, climate change & consumerism

Resources:

Book: No Logo by Naomi Klein 

Our podcast partners PensionBee are also offering you a £25 pension contribution (£20, plus £5 in tax relief) when you sign up. To claim the offer, follow this link: https://www.pensionbee.com/vestpod. Capital at risk. 

I’m Emilie Bellet, the founder of Vestpod.com - a thriving community that financially empowers women, author of You’re Not Broke, You’re Pre-Rich and host of The Wallet! You can learn more about Vestpod, join our events and subscribe to our newsletter at www.vestpod.com and on Instagram @vestpod. Join our private Facebook group: @vestpod. 

We want to open up a direct conversation with you on the podcast. You can submit a proud money moment, a question or a comment on a previous episode. You just need headphones and a mic. Follow this link (https://telb.ee/abrzt) or email me the recording at [email protected].

* Please note that we are not certified financial advisers! The articles and information made available on Vestpod and this podcast are provided for information and educational purposes only and do not constitute financial advice.*

Hosted on Acast. See acast.com/privacy for more information.