Making Money Simple

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Are UK Investors Worse Off Than US Investors Due To FX?

Jasper (@jasperinvests) joined me on this episode to talk about FX rates and how they impact us as UK investors. A very important topic that most aren’t aware of.

First, we discussed the S&P 500 returns for US investors compared to UK investors. Surprisingly, and we dug into the historical data, the returns can vary massively in any individual year.

There can be huge swings and differences in returns that US and UK investors receive in any given year, all because of FX.

However, over the long term, FX rates generally tend to be stable between the major currencies. Although, and as expected, in the short term this isn’t always the case.

We spoke through two ways to mitigate this FX risk and whether it’s worth to mitigate this risk at all.

Finally, we touched on global index funds and the impact of FX.

Listen to the full episode for all the details!

Timestamps

0:00 – Intro

1:02 – S&P Return UK vs US Investors

5:25 – Two Ways To Mitigate Risk

9:42 – Historical Returns UK vs US Investors

14:02 – Long Term Impact

16:17 – Do We Hedge FX Risk?

19:58 – Benefits of Index Funds

21:00 – Summary

25:09 – Outro

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๐Ÿ“– Stop Waiting, Start Investing Ebook – https://payhip.com/b/Q40kP

๐Ÿ’ป Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

๐Ÿ“Š Income, Expenses, Saving & Investing Tracker – โ https://payhip.com/b/SIaGz โ 

๐Ÿ“ˆ How to start investing workshop – https://payhip.com/b/1fic

๐ŸŽฅ Youtube – https://www.youtube.com/c/MakingMoneySimple/

๐Ÿ“ธ Instagram – https://www.instagram.com/makingmoneysimple/

๐Ÿฆ Twitter – https://twitter.com/makingmsimple

Are UK Investors Worse Off Than US Investors Due To FX? Read More ยป

Blogging To Financial Freedom (+ 3 money saving tips)

Emma from Bee Money Savvy (@beemoneysavvy) – a previous winner of Best Money Saving Blog – joined me on this episode to talk about two things. 1) Her blogging journey, where she now makes more money than her day job and 2) three key money saving tips that you should implement.

First, we talk about Emmaโ€™s blogging journey and how she turned her side hustle into a money maker, all whilst continuing to work her day job for the NHS.

I asked Emma a range of questions from how and when did she get started, why she decided to talk about money saving and how the blog grew over time.

We also delved into the days when Emma made her first ยฃ10 and how she then was able to continue to monetise over the years.

Second, Emma shares three very important money saving tips that we can implement.

1) Big Financial Audit, 2) Make saving money simple, 3) Utilise money saving tools.

With each tip Emma shares specific guidance and examples of exactly what we need to do to manage and save our better money.

As part of utilising money saving tools, very helpfully, Emma shares the specific cashbacks apps and websites, discount code websites and price comparison websites that she personally uses.

Listen to the full episode for all the details!

Timestamps

0:00 – Intro

1:03 – Blogging Journey

6:45 – Blogging Beginnings

9:06 – Viral Blog Posts

11:20 – Blogging Time Investment

13:50 – Blogging Monetisation

19:36 – 3 Money Saving Tips

20:35 – 1. Big Financial Audit

23:32 – 2. Make saving money simple

26:36 – 3. Utilise money saving tools

30:49 – Outro

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๐Ÿ“– Stop Waiting, Start Investing Ebook – https://payhip.com/b/Q40kP

๐Ÿ’ป Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

๐Ÿ“Š Income, Expenses, Saving & Investing Tracker – https://payhip.com/b/SIaGz

๐Ÿ“ˆ How to start investing workshop – https://payhip.com/b/1fic

๐ŸŽฅ Youtube – https://www.youtube.com/c/MakingMoneySimple/

๐Ÿ“ธ Instagram – https://www.instagram.com/makingmoneysimple/

๐Ÿฆ Twitter – https://twitter.com/makingmsimple

Blogging To Financial Freedom (+ 3 money saving tips) Read More ยป

The Importance of Branding (and how to monetise your Brand)

Tej from @tejtalks joins me on this podcast episode to discuss all things branding (check out the timestamps further below in the description to see what we cover).

Branding is everything. From the perspective of a personal brand or a business brand.

We discussed the importance of branding and where to start, before moving on to how to actually build a brand and stand out.

Towards the end of the podcast we spoke through monetisation. Different ways to monetise, with some more lucrative than others, before moving into Tejโ€™s monetisation journey of his own business brand over the years.

Listen to the full episode for more information!

Timestamps:

0:00 – Intro

0:53 – Importance of branding

3:07 – When to start branding?

6:50 – Where to start?

9:41 – How to build a brand?

14:35 – How to stand out?

19:06 – Monetisation

25:25 – Tejโ€™s journey to monetisation

28:50 – Final thoughts

30:45 – Outro

———————————————–

๐Ÿ“– Stop Waiting, Start Investing Ebook – https://payhip.com/b/Q40kP

๐Ÿ’ป Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

๐Ÿ“ˆ How to start investing workshop – https://payhip.com/b/1fic

๐ŸŽฅ Youtube – https://www.youtube.com/c/MakingMoneySimple/

๐Ÿ“ธ Instagram – https://www.instagram.com/makingmoneysimple/

๐Ÿฆ Twitter – https://twitter.com/makingmsimple

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What Is Your Biggest Financial Mistake? (Audience Answered)

Laura Ann Moore from @laura_ann_more joins me on this special audience answered podcast episode. I asked my audience on social media ‘what is your biggest financial mistake’ and got a number of responses – some funny, some serious, some sad, some relatable.

Laura and I go through a number of these responses (all timestamped below if you want to jump around) where we discuss them and provide guidance where we can, drawing on our own experiences and knowledge.

Listen to the full episode for more information!

Timestamps:

01:01 – Spending ยฃ200 on Starbucks

3:08 – Taking out a car loan to help build credit score

7:04 – Not starting to invest early

9:56 – Buying the wrong stock ticker symbol

13:38 – Investing based on on the crowd

14:41 – Buying designer clothesย 

17:38 – Getting a 100% mortgage

22:04 – Poor market timing before a market crash

23:56 – Buying a house

27:27 – Buying a hedgehog

29:15 – Having children

31:10 – Staying at the same job for too long

34:18 – FX trading

36:49 – Ex took out debt in my name

40:21 – Going to uni

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๐Ÿ“– Stop Waiting, Start Investing Ebook – https://payhip.com/b/Q40kP

๐Ÿ’ป Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

๐Ÿ“ˆ How to start investing workshop – https://payhip.com/b/1fic

๐ŸŽฅ Youtube – https://www.youtube.com/c/MakingMoneySimple/

๐Ÿ“ธ Instagram – https://www.instagram.com/makingmoneysimple/

๐Ÿฆ Twitter – https://twitter.com/makingmsimple

What Is Your Biggest Financial Mistake? (Audience Answered) Read More ยป

Let’s Talk About 100% Mortgages

100% mortgages are back. In this episode, I give you all of the information that you need to know.

100% mortgages were already available, but you needed a guarantor/financial backing from friends or family.

The 100% mortgage referred to in this episode is a new product from Skipton Building Society, with no guarantor/financial backing needed.

In this episode I go through everything that you need to know about these 100% mortgages – what the conditions are, how the finances work, pros, cons, who’s it actually good for/useful for, and more.

Listen to the full episode for more information!

———————————————–

๐Ÿ“– Stop Waiting, Start Investing Ebook – https://payhip.com/b/Q40kP

๐Ÿ’ป Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

๐Ÿ“ˆ How to start investing workshop – https://payhip.com/b/1fic

๐ŸŽฅ Youtube – https://www.youtube.com/c/MakingMoneySimple/

๐Ÿ“ธ Instagram – https://www.instagram.com/makingmoneysimple/

๐Ÿฆ Twitter – https://twitter.com/makingmsimple

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Can You Make Money From Matched Betting?

Tom from @TomTalksMoney_ joined me on this episode of the podcast to discuss all things matched betting. Unbelievably, Tom started matched betting and then took it full time for 4 years, the perfect guest for this episode.

First, we discuss what is matched betting and how we can actually get started, including the best platforms to use. You can get started from as little as ยฃ50, but ideally if you can start with around ยฃ200 that would be ideal.

Second, we talked numbers, specifically how much you could realistically earn through matched betting. Through initial sign ups bonuses you could make ยฃ500 in your first month from ยฃ150. Then going forward, depending on your time investment, how you could look to make ยฃ100+ per week.

Third, we dug into Tomโ€™s story to find out how he managed to become a full time matched better. It is a very interesting story from starting matched betting after uni in 2014 to then becoming a full time matched better roughly a year later to then transitioning into building other income streams to step back from matched betting after doing it full time 4 years later.

We also touched on some risks of matched betting. Can you get banned? What happens if you get โ€˜gubbedโ€™? Can you withdraw your money? How can you track your bets? And a lot more.

Listen to the full episode for more information!

———————————————–

๐Ÿ“– Stop Waiting, Start Investing Ebook – https://payhip.com/b/Q40kP

๐Ÿ’ป Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

๐Ÿ“ˆ How to start investing workshop – https://payhip.com/b/1fic

๐ŸŽฅ Youtube – https://www.youtube.com/c/MakingMoneySimple/

๐Ÿ“ธ Instagram – https://www.instagram.com/makingmoneysimple/

๐Ÿฆ Twitter – https://twitter.com/makingmsimple

Can You Make Money From Matched Betting? Read More ยป

Being Tight vs Being Frugal

In this episode Iโ€™m joined by Brian from The Frugal Spender to discuss the difference between being frugal, being cheap and being tight.

We went through what these terms actually mean. All of them have some negative connotations, but being frugal is: using your resources in the most efficient way possible to maximise your personal benefit. This sounds pretty good and what we want to aim for, as opposed to being cheap/tight.

We also went through a number of actionable ways to be frugal and become more frugal over time. Some ideas are not buying stuff you don’t need and only buying things you value, buying things second hand (I recently bought a 2nd hand backpack for travelling Thailand), shopping around for the best deals (like insurance and phone contracts), and so on. We discuss a lot more in the podcast.

Listen to the full episode for more information!

———————————————–

๐Ÿ“– Stop Waiting, Start Investing Ebook – https://payhip.com/b/Q40kP

๐Ÿ’ป Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

๐Ÿ“ˆ How to start investing workshop – https://payhip.com/b/1fic

๐ŸŽฅ Youtube – https://www.youtube.com/c/MakingMoneySimple/

๐Ÿ“ธ Instagram – https://www.instagram.com/makingmoneysimple/

๐Ÿฆ Twitter – https://twitter.com/makingmsimple

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What Will Happen To The Property Market In 2023?

In this episode Iโ€™m joined by Sarah from @altstproperty and we discuss what will happen to the property market in 2023.

It’s always hard, and nearly impossible, to predict what will happen to the markets. But we tried out best!

First, we discussed what happened to the property market in 2022 and more broadly over the last few years.

Second, we delved into discussing what could happen to the property market in 2023 – given current conditions of inflation, interest rates, house prices, and so on.

Finally, Sarah shared three top tips for people who want to invest in property in 2023.

Listen to the full episode for more information!

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๐Ÿ“– Stop Waiting, Start Investing Ebook – https://payhip.com/b/Q40kP

๐Ÿ’ป Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

๐Ÿ“ˆ How to start investing workshop – https://payhip.com/b/1fic

๐ŸŽฅ Youtube – https://www.youtube.com/c/MakingMoneySimple/

๐Ÿ“ธ Instagram – https://www.instagram.com/makingmoneysimple/

๐Ÿฆ Twitter – https://twitter.com/makingmsimple

What Will Happen To The Property Market In 2023? Read More ยป

Managing Your Money As A Parent

In this episode Iโ€™m joined by Kate from @moneymindsetmother and we discuss how to effectively manage your money as a parent.

Kate is a mum of 3 and is very experienced at managing her own money and her families money so is the perfect guest for this episode.

First, we discussed the transition to managing money from a non-parent to a parent. One of the most important things is to know your numbers – knowing exactly what is coming in and going out each month. This comes back to budgeting which is the โ€˜bedrockโ€™ of both building your wealth personally and as a parent for your family.

Another suggestion from Kate, which Iโ€™m a fan of, is to print out your bank statement at the end of the month and get two highlighters. In one colour highlight your needs and in the other colour highlight your wants. This will then help you to understand where youโ€™re money is going and if there’s any wiggle room to cut back.

Second, we discussed whether the process of managing your money changes as your children grow older. It most likely will and is likely to include using vehicles like Junior ISAs to help save/invest for your childrenโ€™s future.

Third, we chatted through how much to save, especially if you have multiple children. The bottom line is, if youโ€™re able to, any money saved/invested at all is a bonus. Even if there are points when you canโ€™t contribute, any money previously invested no matter how small will continue to compound over the years.

Lastly, we discussed investing personally for yourself whilst having a family and some top tips to take away for managing your money as a parent.

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๐Ÿ“– Stop Waiting, Start Investing Ebook – https://payhip.com/b/Q40kP

๐Ÿ’ป Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

๐Ÿ“ˆ How to start investing workshop – https://payhip.com/b/1fic

๐ŸŽฅ Youtube – https://www.youtube.com/c/MakingMoneySimple/

๐Ÿ“ธ Instagram – https://www.instagram.com/makingmoneysimple/

๐Ÿฆ Twitter – https://twitter.com/makingmsimple

Managing Your Money As A Parent Read More ยป

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