The Wallet

Today, we answer a question from Jamey — a 26-year-old who is a passionate advocate for young people getting an early start on saving for retirement.

Having recently started a new job, Jamey wants to increase how much she pays into her workplace pension. However, her employer is hesitant due to the perceived admin involved. She asks us how to move the conversation forward and what other options are available to her.

Today on The Wallet: 

1/ Financial Adviser and founder of Ladies Finance Club, Lisa Conway-Hughes joins me to provide an overview of workplace pensions, how they work, how much you can save each year and the benefits of opting in. 

2/ It’s a common concern that the state pension won’t be enough to support us in our retirement years, so Lisa walks us through the different private pensions available and how to get to grips with planning for our future selves.

Resources:

• The Mere Thought of Retirement Stresses Me Out (Financial Times) 
• Compare The Platform: https://comparetheplatform.com
• The Times Money Mentor: https://www.thetimes.co.uk/money-mentor 

Connect with Lisa:

• Instagram: @misslollymoney 
• Website: https://www.ladiesfinanceclub.co.uk
• Book: Money Lessons: How to Manage Your Finances to Get the Life You Want

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*

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

Tobi Asare is a mum of two and founder of My Bump Pay, an online platform giving women the tools to smash the glass ceiling with a baby on the way and beyond. Tobi created the platform to help give women the confidence to achieve their career goals and take them through their career journey while overcoming the motherhood penalty. 

1/ We discuss the challenges that mums face in returning to work, and the structural changes needed for parents to advance their careers.

2/ We know the cost of childcare is a huge barrier for women when it comes to returning to work, so Tobi gives tips on how to successfully raise the conversation about flexible working with your employer.  

3/ Finally, we will break down how much it costs to have a baby, what you actually need to purchase when you’re expecting, as well as areas where you can cut back and save.

Resources:

• Benefits and financial support for families: www.gov.uk/browse/benefits/families   
• Acas: www.acas.org.uk
• Pregnant Then Screwed: www.pregnantthenscrewed.com 
• Mother Pukka www.motherpukka.co.uk
• Child Poverty Action Group: https://cpag.org.uk 
• Junior ISAs: www.moneysavingexpert.com/savings/junior-isa/ 
• Book: As a Man Thinketh by James Allen 

Connect with Tobi: 

• Website: https://mybumppay.com 
• Instagram: @Mybumppay

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). 

* We are not certified financial advisers, information shared in this podcast is for educational purposes & does not constitute financial advice*

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

Welcome back to The Hotline! Today we answer a question from Nicole. She is 35 years old and bought her first home a couple of years ago with her partner. Nicole asks us how to start when it comes to making a will.

The number 35-54 year-olds with a will has decreased from 37% in 2019 to 22.5% in 2021 – a decline of 39%. This means that fewer people are leaving instructions for their loved ones when they pass away. This week, we’re going to talk about who needs to have a will, and what the process entails. 

Today on The Wallet: 

1/ We’re joined by Kate Pentelow, founder of The Money Mummy, a friend of Vestpod and former financial advisor. Together, we open up the conversation around making a will. We know it can feel uncomfortable and emotional to do, so Kate tells us how we can best prepare for the process. 

2/ We discuss when the right time to make a will is, the different options available, and take a look at why, especially as women, it’s so important to be pragmatic and prepared if the worst were to happen. 

3/ We also have an inspirational proud money moment to share and a recommended episode from the Vestpod community.

Resources:

• Money Helper: https://www.moneyhelper.org.uk/en/family-and-care/death-and-bereavement/planning-what-to-leave-in-your-will 
• The Law Society https://www.lawsociety.org.uk/en
• Probate Services: https://www.gov.uk/government/publications/store-a-will-with-the-probate-service

Connect with Kate:

- Instagram: @The_Money_Mummy

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. 

Follow the link https://telb.ee/abrzt to submit your proud money moment, question or comment!

* 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. You are advised to consult with an independent financial advisor for advice on your specific circumstances. Also, if you’re investing money, make sure it’s for the long term and you understand what you're investing in.*

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

Cindy Gallop is an advocate of gender equality, diversity, and inclusion - an entrepreneur who, in her own words, is ‘the Micheal Bay of business. I like to blow s**t up”. She is hugely passionate about women ‘making tonnes of money’ so that we can invest more in the things we believe in, as well as changing the world to build a more female-dominated financial ecosystem that serves women better. 

Today on The Wallet: 

1/ Cindy shares the challenges she faces securing funding for her start-up, how she designed a business model around her beliefs and values, and the struggles involved with building an adult content business. 

2/ We discuss the disparity in funding between men, women, women of colour and minorities and the mindset shifts we need to see in investors to get more women funded both broadly and indiscriminately.

3/ Cindy tells me her experience of salary negotiations, how she has learnt to know her worth, the advice she shares with women to build their confidence in asking for more and how our micro-actions compound to be real change. 

You can follow and connect with Cindy at:

Make love not porn https://makelovenotporn.tv/

Website: Cindy Gallop https://cindygallop.com

Twitter: @cindygallop 

Linkedin: www.linkedin.com/cindygallop 

Resources:

• Make love, not porn (TED Talk) 
• The 3 Percent Movement conference 
• Why Do So Many Incompetent Men Become Leaders? (Harvard Business Review) 
• Book: Why Do So Many Incompetent Men Become Leaders? by Tomas Chamorro-Premuzic 

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 our first #Hotline episode, our brilliant intern Audrey asks how to lay the foundations for healthy financial habits.

Today on The Wallet: 

1/ I share my top tips for building healthy money habits in your 20s, highlighting the areas you should focus on as you start your journey.

2/ We’ll discuss how thinking about your goals for the future can help create a budget you can stick to, and how making smart money decisions has long-term benefits that can help you achieve future financial success. 

3/ We’ll also hear from the Vestpod team and find out what they have loved and learnt from The Wallet, as well as a proud money moment that might inspire you to take action today for your future self. 

Resources:

• How can we improve the financial capability of young adults? (fincap)
• Misconceptions leave younger Brits more susceptible to scams (Barclays)
• Book: Atomic Habits by James Clear 
• The Wallet: How to save money for the things you want, with Urenna Okonkwo
• The Wallet: How to be pension confident with Romi Savova, Founder of PensionBee
• Book: You're the Business by Anna Codrea-Rado 
• The Wallet: Know your worth as a freelancer, with Anna Cordea-Rado

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, founder of Vestpod.com - a community that financially empowers women, author of You’re Not Broke, You’re Pre-Rich and host of The Wallet! Join our events and subscribe to our newsletter www.vestpod.com and on IG @vestpod. Join our private FB group: @vestpod. 

You can submit a proud money moment, or a question. You just need headphones and mic at the ready and visit https://telb.ee/abrzt or email [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. You are advised to consult with an independent financial advisor for advice on your specific circumstances. Also, if you’re investing money, make sure it’s for the long term and you understand what you're investing in.*

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

Claer is the Financial Times Consumer Editor, presenter of FT’s Money Clinic pod and a leading voice in demystifying money matters. She is passionate about making financial literacy both accessible and engaging for her followers. 

Today on The Wallet: 

1/ We look at some of the most pressing financial challenges women are facing post-pandemic. Claer gives tips for organising finances and budgeting and shares her experience being the breadwinner in her family.

2/ We discuss financial literacy, how Claer has made personal finance accessible to her readers, and how her own approach to money management has evolved. 

3/ Claer shares her financial goals, how she plans for the future, and how to gain confidence in investing in the stock market. 

Connect with Claer at:

• Pod: Money Clinic with Claer Barrett 
• FT: https://www.ft.com/claer-barrett 
• IG: @ClaerB 
• Twitter: @ClaerB
• Linkedin: https://www.linkedin.com/in/claer-barrett-74088414/ 

Resources:

• FLIC Financial literacy campaign: https://ftflic.com/
• NS&I Premium Bonds: https://www.nsandi.com/products/premium-bonds 
• https://www.resolver.co.uk 
• Money Clinic podcast: Should I borrow to invest?
• My biggest financial mistake: FT writers confess

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. 

Learn more about Vestpod, join our events and subscribe to our newsletter at www.vestpod.com and on IG @vestpod. Join our private FB group: @vestpod. 

Submit a proud money moment or question. You just need headphones - visit https://telb.ee/abrzt or email me [email protected].

* 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 & do not constitute financial advice. You are advised to consult with an independent financial advisor for advice on your specific circumstances. Also, if you’re investing money, make sure it’s for the long term & you understand what you're investing in.*

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

Hello and welcome back to The Wallet! We’re so excited to be launching Season 2 following 47 fantastic episodes and over 75,000 downloads in our first series. 

Over the last year, we’ve received so many financial questions through Instagram, emails and workshops and it can be hard to reply to you all - so we’ve decided to do this in the podcast.

We want to hear from YOU! 

Each month I will be answering your questions, like; How do I repay my debt? How do I get a mortgage? What’s the best way to save or invest? I’ll give you my best tips, tell you how I approach the challenges and let you know where you can learn more about specific financial topics. 

You can email me your questions at [email protected] 

We will keep our weekly interviews to get you inspired and learn more beyond personal finances - we’ll be hearing from experts, financial educators, entrepreneurs, and more! 

In the UK women are getting wealthier, but it’s not always an easy path. That’s why at Vestpod we’re here to get you talking about money, so you not only have enough money for today but can plan for your future and invest in what you believe in. 

I can’t wait for you to join us on this journey. 

___

You can learn more about Vestpod and subscribe to our newsletter here: 

• Vestpod’s newsletter “The Edit”: www.vestpod.com 
• Join our online events and workshops: https://www.vestpod.com/events 
• Stay in touch with me: please send me your feedback on the podcast and suggest any guests! If you like it, please do share with your friends and rate / review on Apple Podcasts. That does really help!
• Instagram: @vestpod
• Private Facebook group: @vestpod
• Twitter: @vestpod @emilieldn

* 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. You are advised to consult with an independent financial advisor for advice on your specific circumstances. Also, if you’re investing money, make sure it’s for the long term and you understand what you're investing in.*

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

Tiwalola Ogunlesi is a confidence coach and founder of Confident and Killing It — a self-love revolution waking women up to their worth so they can be confident, unstoppable and live the life they desire. 

Today on The Wallet: 

1/ Tiwalola tells me how she has explored and built up her confidence, and how by recognising where her strengths and passions meet she’s found where she feels most empowered. 

2/ Down days are inevitable, so Tiwalola shares how she manages negative thoughts, how to navigate the days when you don’t feel your best and how to define success and failure on our own terms.

3/ We discuss the role confidence plays in our relationship with money, and how to recognise the difference between worth and value.

Connect with Tiwalola: 

• Twitter @Tiwalowla
• IG: @tiwalowla @confidentandkillingit
• Pod: Confident and Killing It 
• www.confidentandkillingit.com 

Resources:

• The Code of the Extraordinary Mind by Vishen Lakhiani  
• The 15 Invaluable Laws of Growth by John Maxwell 
• Raise the Bar: Ep 61, Ethical Coaching and Influencing Change
• Asana

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. 

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].

* 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.

Otegha Uwagba is a writer, speaker, and consultant. Her debut book, Little Black Book, made The Sunday Times bestseller list, and she’s just published her third book, We Need To Talk About Money — a personal and candid memoir exploring her relationship with money.

We Need To Talk About Money was born out of a lack of cultural transparency around finances. It follows Otegha’s process in uncovering her deep-rooted beliefs and patterns around money and discusses how she has overcome financial anxiety. 

Today on The Wallet: 

1/ Otegha shares her early experiences with money, what money means to her, and explains how we can all begin a journey of introspection to better understand our own attitudes towards money.

2/ We discuss the role privilege plays in the workplace, and how the culture of ‘don’t ask, don’t tell’ is detrimental to everyone, but especially affects women, people of colour and minorities when negotiating salaries and fees.

3/ We look at how Otegha’s relationship with money has evolved over time, and how you can learn to enjoy what you earn when you’re prone to worrying about money. 

Connect with Otegha at:

- Books: We Need to Talk About Money (2021), Whites On Race and Other Falsehoods (2020) and Little Black Book: A Toolkit For Working Women (2017)

- Twitter: @OteghaUwagba

- IG: @oteghauwagba 

- Pod: In Good Company 

- Women Who: www.womenwho.co 

Resources:

• Money Scripts: The Psychology of Wealth by Dr. Brad Klontz 

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.

This episode is a recording of our pensions event on June 30th, 2021 organised with our sponsor PensionBee. You can read the summary of the event and see the slides supporting our conversation on vestpod.com.

Research shows that women’s pensions hold around 40% less than those belonging to men, with this pension gap only increasing with age. (Pension Bee, 2021) 

With the gender and ethnicity pay gaps impacting women’s ability to save more into their pensions, how can we bridge this gap and ensure we’re saving for our future selves and a happy retirement? 

To tackle this subject, I am joined by 4 brilliant guests who will take us through the foundations of what a pension is, their tips and guidance on investing with impact and their personal stories of starting and saving for retirement. 

Today on The Wallet: 

1/ People tend to save more when they can see themselves at retirement age, so we meet our future selves and learn about their lives, which helps us prioritise our future needs over opting for instant gratification. 

2/ We’ll discuss how to calculate your pension pot goals, how to get clear on where your money is invested, and how to move it if it isn’t aligning with your values. 

3/ We know the pension gap is a challenge affecting women in retirement, so we look at practical and hands-on ways to boost our pension savings. 

My guests today are:

• Emma Maslin: Financial coach, therapist and founder of The Money Whisperer (@MoneyWhisperer_). The Wallet episode: What Long Term Impact Will the Pandemic Have On Our Finances
• Nina Mohanty: Founder of Bloom Money and passionate financial inclusion advocate (@ninamohanty). The Wallet episode: How Can Technology Help Us Manage Our Money Better
• Romi Savova: Founder and CEO of PensionBee, Queen Bee of pensions (@romisavova). The Wallet episode: How To Be Pension Confident
• Vivien Adeosun: Full-time employee and senior account manager for PitchBook (LinkedIn Vivien Adeosun). The Wallet episode: How To Ask For More Money At Work

We shared some resources in this episode, all the links are below:

• Netflix: Money Explained Episode 5 “Retirement” 
• You Make Better Decisions If You “See” Your Senior Self by Hal Hershfield
• Bronwyn King: You may be accidentally investing in cigarette companies 
• Which? How much will you need to retire? 
• Pension Bee 
• Pension Bee: Pension Calculator 
• Make My Money Matter 

🐝 The event’s partner 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 and subscribe to our newsletter here: 

• Vestpod’s newsletter “The Edit”: www.vestpod.com 
• Join our online events and workshops: https://www.vestpod.com/events 
• Stay in touch with me: please send me your feedback on the podcast and suggest any guests! If you like it, please do share with your friends and rate / review on Apple Podcasts. That does really help!
• Instagram: @vestpod
• Private Facebook group: @vestpod
• Twitter: @vestpod @emilieldn

* 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. You are advised to consult with an independent financial advisor for advice on your specific circumstances. Also, if you’re investing money, make sure it’s for the long term and you understand what you're investing in. With investments, your capital is at risk. Pensions can go down in value as well as up, so you could get back less than you invest.*

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