Podcast

In this video I go through everything that you need to know about investing and taxes in the UK.

This includes the 3 main vehicles we can use to invest in the UK – ISAs, pensions and general investment accounts.

And the 3 main ‘phases’ of investing – before investing, during investing (i.e when we are invested in something) and when withdrawing.

Ultimately, ISAs and pensions have great tax advantages. So if possible, make the most of these.

But, GIAs do have their place in specific situations. Not to mention that for some types of investments (e.g crypto) we can only use GIAs to invest.

Just be aware that with GIAs we may be liable to pay capital gains tax and/or dividends tax.

Capital gains tax arises when we sell, and the allowance is currently £3,000 per tax year.

Dividend tax arises when we earn dividends and this happens when we’re investing as most funds pay dividends, and the allowance is currently £500 per tax year.

Listen to the full episode for all the details!

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📖 Stop Waiting, Start Investing Ebook – https://payhip.com/b/Q40kP

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

📊 Income, Expenses, Saving & Investing Tracker – ⁠⁠⁠⁠⁠https://payhip.com/b/SIaGz ⁠⁠⁠⁠⁠

📈 How to start investing workshop – https://payhip.com/b/1fic

📰 Newsletter – ⁠⁠⁠⁠⁠https://makingmoneysimple.mykajabi.com/Newsletter⁠

🎥 Youtube – https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram – https://www.instagram.com/makingmoneysimple/

🐦 Twitter – https://twitter.com/makingmsimple

It’s no secret that I am a fan of global funds.

I am largely just a global index fund investor.

Why? Because it keeps my approach as simple and as diverse as possible.

Across my various investing accounts, and there are a lot of them (as we go through in the podcast), I usually solely invest into the lowest cost, most globally diversified fund I can find.

And I recently passed a huge milestone. After 7 years of investing, I now have £100,000+ in global funds.

So in the podcast episode, we go through the exact global funds I am investing into. Including what they’re called, how many stocks they hold, what fees they charge, and more.

Listen to the full episode for all the details!

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📖 Stop Waiting, Start Investing Ebook – https://payhip.com/b/Q40kP

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

📊 Income, Expenses, Saving & Investing Tracker – ⁠⁠⁠⁠https://payhip.com/b/SIaGz ⁠⁠⁠⁠

📈 How to start investing workshop – https://payhip.com/b/1fic

📰 Newsletter – ⁠⁠https://makingmoneysimple.mykajabi.com/Newsletter

🎥 Youtube – https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram – https://www.instagram.com/makingmoneysimple/

🐦 Twitter – https://twitter.com/makingmsimple

Thomas (@thebankengine) joined me on this episode to talk about how he makes extra income each month – specifically a whopping £1,912 across April and May 2024.

Not just in the last two months though, Tom the bank (or tank 🚂) engine has been making thousands of additional pounds across the last few years.

This is all through extra income streams/extra side hustles that he has, some completely passive income streams and some more active income streams.

Tom has 11 extra income streams in total, and the great thing is that these are all real income streams. No income stream ‘ideas’ or ‘hacks’, real side hustle income streams that make him money.

People always ask about how to make some extra money or for side hustle ideas to make money – so hopefully this episode will help!

These 11 extra income streams include: 1) Cashback & points – e.g EverUp, Jam Doughnut. 2) Cashback sign up offers. 3) Bank switching. 4) Market research – e.g Take Part In Research, Askable. 5) Mystery shopping – e.g Roamler. 6) Surveys. 7) Matched betting. 8) Affiliate sign up offers. 9) Lifetime ISA interest + bank interest on savings. 10) Dividends. 11) Side business.

In the podcast episode we go through this full list, discussing each option, the pros and cons, drawing on our own experiences, potential costs or risks involved, specific examples, and a lot more.

Listen to the full episode for all the details!

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📖 Stop Waiting, Start Investing Ebook – https://payhip.com/b/Q40kP

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

📊 Income, Expenses, Saving & Investing Tracker – ⁠⁠⁠https://payhip.com/b/SIaGz ⁠⁠⁠

📈 How to start investing workshop – https://payhip.com/b/1fic

📰 Newsletter – ⁠https://bit.ly/3roNpIB⁠

🎥 Youtube – https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram – https://www.instagram.com/makingmoneysimple/

🐦 Twitter – https://twitter.com/makingmsimple

This is exactly how I invested £6,505 so far in 2024.

In this podcast I run through the exact investing platforms I use, the exact investment accounts I use and the exact investments I’ve been making. Like always, zero gatekeeping!

As you will see, and if you don’t already know, my approach is unbelievably simple. Primarily, this is automatic contributions into global funds every single month.

Investing doesn’t need to be complicated and I keep my own approach as simple, passive and hands-off as possible.

Listen to the full episode for all the details!

———————————————–

📖 Stop Waiting, Start Investing Ebook – https://payhip.com/b/Q40kP

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

📊 Income, Expenses, Saving & Investing Tracker – ⁠⁠https://payhip.com/b/SIaGz ⁠⁠

📈 How to start investing workshop – https://payhip.com/b/1fic

📰 Newsletter – https://bit.ly/3roNpIB

🎥 Youtube – https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram – https://www.instagram.com/makingmoneysimple/

🐦 Twitter – https://twitter.com/makingmsimple

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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📖 Stop Waiting, Start Investing Ebook – https://payhip.com/b/Q40kP

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

📊 Income, Expenses, Saving & Investing Tracker – ⁠https://payhip.com/b/SIaGz ⁠

📈 How to start investing workshop – https://payhip.com/b/1fic

🎥 Youtube – https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram – https://www.instagram.com/makingmoneysimple/

🐦 Twitter – https://twitter.com/makingmsimple

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 Emma’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 £10 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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📖 Stop Waiting, Start Investing Ebook – https://payhip.com/b/Q40kP

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

📊 Income, Expenses, Saving & Investing Tracker – https://payhip.com/b/SIaGz

📈 How to start investing workshop – https://payhip.com/b/1fic

🎥 Youtube – https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram – https://www.instagram.com/makingmoneysimple/

🐦 Twitter – https://twitter.com/makingmsimple

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 Tej’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 – Tej’s journey to monetisation

28:50 – Final thoughts

30:45 – Outro

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📖 Stop Waiting, Start Investing Ebook – https://payhip.com/b/Q40kP

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

📈 How to start investing workshop – https://payhip.com/b/1fic

🎥 Youtube – https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram – https://www.instagram.com/makingmoneysimple/

🐦 Twitter – https://twitter.com/makingmsimple

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 £200 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 clothes 

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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📖 Stop Waiting, Start Investing Ebook – https://payhip.com/b/Q40kP

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

📈 How to start investing workshop – https://payhip.com/b/1fic

🎥 Youtube – https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram – https://www.instagram.com/makingmoneysimple/

🐦 Twitter – https://twitter.com/makingmsimple

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!

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📖 Stop Waiting, Start Investing Ebook – https://payhip.com/b/Q40kP

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

📈 How to start investing workshop – https://payhip.com/b/1fic

🎥 Youtube – https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram – https://www.instagram.com/makingmoneysimple/

🐦 Twitter – https://twitter.com/makingmsimple

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 £50, but ideally if you can start with around £200 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 £500 in your first month from £150. Then going forward, depending on your time investment, how you could look to make £100+ per week.

Third, we dug into Tom’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 ‘gubbed’? Can you withdraw your money? How can you track your bets? And a lot more.

Listen to the full episode for more information!

———————————————–

📖 Stop Waiting, Start Investing Ebook – https://payhip.com/b/Q40kP

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

📈 How to start investing workshop – https://payhip.com/b/1fic

🎥 Youtube – https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram – https://www.instagram.com/makingmoneysimple/

🐦 Twitter – https://twitter.com/makingmsimple