Informed Choice Radio Personal Finance Podcast

It's been an interesting few weeks in British politics. Prime Minister Theresa May survived what start to look like a Conservative Party coup. She took her Brexit deal to Brussels where the EU 27 leaders signed off on it, after some last minute wrangling with Spain over Gibraltar. And now 'all' she has to do is get it past a meaningful vote in the House of Commons next month. Thinking about the clients we speak with, there's a great deal of nervousness out there about the personal finance impact of Brexit. Will it cause the stock market to crash? Will Pound Sterling plummet as a result? What about price inflation, is that going to start shooting up? Investors don't like uncertainty. Right now, we've got uncertainty because nobody, not even the government, HM Treasury or Bank of England, can say with any real certainty what's going to happen next and what the impact of that happening will be on our personal finances. With that uncertainty as a backdrop then, in this episode here are five suggestions for ways to Brexit-proof your personal finances.

What's the value of a financial plan? In this episode, chartered financial planner Nick Bamford from Informed Choice talks to Martin about financial planning, how it differs from financial advice, and the light bulb moments he sees with clients when presenting their financial plans.

Did you know that regular climaxes could help add a whopping £90 billion to the British economy? Almost four in five Brits say they felt happier and less stressed after having an orgasm and almost two thirds said they were more productive at work the next day. Yes, in this episode, we're talking about self-love days and how regular climaxes could add billions to the economy. Stay tuned for that. There's also a roundup of the latest personal finance news and the aftershow, where I bring you up to speed on everything happening at Informed Choice this week.

My guest today, Tony Bradshaw, realised he was in a financial mess when he tax return as an engineer just out of college. $39,000 gross. $16,000 of debt. Where had all the money gone? That moment was the catalyst that helped him make the millionaire choice, his choice to become a millionaire by age 40. Now after 16 years working in the financial education industry, Tony is sharing what he learned and did during his own journey to become a millionaire. His book, The Millionaire Choice, inspires and equips anyone with hopes for a better financial future.

We're told a lot about money, investing and personal finance. There are plenty of strongly held beliefs out there. But there are also lots of money myths that need to be challenged. These occur when we create a financial rule of thumb that doesn't apply equally as well to everyone. In this episode, I'm running through 5 money myths that aren't always true. My inspiration for this was an article in the FT last week from fund manager Terry Smith, titled Busting the myths of investment: Do equities outperform bonds? There's also a roundup of the latest personal finance news, and the aftershow segment, with news of a new director at Informed Choice.

My guest on the podcast today is a psychiatrist who has discovered most of his patients have one thing in common; anxiety about money. This manifests itself as fears and doubts about their financial future and day-to-day financial needs. Mark Tobak, MD, is a general adult psychiatrist in private practice. He is the former chief of inpatient geriatric psychiatry at St. Vincent’s Hospital in Harrison, New York, where he is an attending physician. Mark graduated the University at Buffalo School of Medicine after receiving a pre-medical certificate from the Columbia University School of General Studies. Before pursuing a career in medicine, Dr. Tobak received his law degree from Fordham University School of Law and was admitted to the New York State Bar. His work has been published in the American Journal of Psychiatry, Psychiatric Times, and the American Journal of Medicine and Pathology. He's the author of Anyone Can Be Rich! and Audio Alternative: The Definitive Guide to High Fidelity. In this episode, I ask Mark about the role of psychiatry and wealth building, what makes it so important to keep a cool head when it comes to money, tips for overcoming fear of loss and achieving financial success, and much more. Here’s my conversation with Dr Mark Tobak, author of Anyone Can Be Rich, in episode 372 of Informed Choice Radio.

In this episode, it's all about becoming self-employed or starting a business, and how to get and keep your personal finances in the best possible shape at the same time. We're asked about this a lot; after-all, more than 600,000 new businesses are started each and every year in the UK, so it's a really important issue. There's also a roundup of the latest personal finance news and a look at what we're up to here at Informed Choice this week.

What makes the super rich tick? Is there a specific mindset that sets ultra-high net worth individuals apart from the rest of us? Are they meticulous planners - or is their wealth an unintended by-product of their entrepreneurial activities? Is it nature or nurture that sets them on the path to great financial success? In this episode I'm joined by Dr Rainer Zitelmann, author of The Wealth Elite. Rainer is a renowned German historian, author, management consultant and real estate expert. His book The Wealth Elite represents one of the most comprehensive modern-day studies of the super rich. It's based on interviews with members of the financial elite and rigorous academic analysis. This empirical study investigates the link between personality traits and the creation of enormous wealth. In short, the book provides a fascinating insight into the world of the super rich - and how they think, behave and make their fortunes. Here’s my conversation with Dr Rainer Zitelmann, author of The Wealth Elite, in episode 370 of Informed Choice Radio.

In this episode, it's all about the ladies and an interesting suggestion on a way to boost their levels of retirement savings. Keep listening if you're of the less fair persuasion too, as there's still plenty in this episode for you! There's also a roundup of the latest personal finance news, with the Bank of England keeping interest rates on hold and the FCA taking action against insurance companies who rip-off loyal customers. And there's the aftershow segment with talk of new team members, getting the time of the Budget wrong and an early Christmas.

In this special bonus episode of Informed Choice Radio, Martin explains the key personal finance measures announced in the Autumn Budget.