Making Money

Russell Napier, a financial historian and author of The Anatomy of the Bear, dives into the lessons that history offers for today’s investors. He humorously reflects on major financial blunders from institutions, emphasizing the importance of understanding human behavior in economics. The discussion also tackles the balance between active and passive investment strategies and the role of index funds in making markets more accessible. Napier stresses humility, long-term strategies, and the need to adapt to inflation and technological changes in our investment approaches.

David Willetts, a Conservative Member of the House of Lords and President of the Resolution Foundation, dives into the pressing issue of intergenerational inequality. He discusses the increasing wealth gap between older and younger generations and suggests capping ISAs at £100k to assist low earners. Willetts also addresses the shortcomings of student debt systems and the need for reforms in property taxes to enhance equity. With witty anecdotes and insightful solutions, he champions a path toward financial fairness for future generations.

Mark Ormston, a retirement expert from Retirement Line, unpacks the world of annuities and their resurgence amid rising interest rates. He explains how these financial products can offer guaranteed retirement income and the expected returns for savvy planners. Mark delves into the complexities of different annuity types, emphasizing the importance of comparing providers. The conversation also touches on the impact of health, lifestyle choices, and recent pension freedom legislation on retirement strategies, making it essential listening for anyone planning for their future.

Jon Moynihan, a venture capitalist and member of the House of Lords, dives into the reasons stunting UK growth. He argues for lower taxes and reduced government intervention, suggesting that excessive regulation is detrimental. Moynihan highlights the fallout from Brexit on trade, emphasizing the need for deregulation. He also compares the UK healthcare model with the U.S. and tackles the implications of bailouts and personal finance management in capitalism. With candid anecdotes, he shares insights on balancing success and privilege in today's economy.

In this engaging discussion, financial planner George Agan from Flying Colours Advice shares his expertise on retirement planning. He highlights critical risks that often go unnoticed, such as market crashes and inflation impacts. George challenges the much-referenced 4% rule, stressing the need for tailored strategies. He unveils adaptive financial techniques for sustained security, explores unique spending patterns in retirement, and emphasizes the importance of diversifying assets. A must-listen for anyone looking to secure their financial future!

Discover strategies for navigating market crashes and the importance of a long-term perspective on investments. Explore how gold can serve as a hedge against inflation. Learn about the benefits of diversification to protect your portfolio from volatility. The discussion highlights common investor anxieties and provides insights for beginners on starting their investment journey. Don't miss tactics for utilizing idle cash in your business and reassessing your asset allocation for better financial health.

What is going on with the world's economy? It all started way before 2025 says Ha-Joon Chang, one of the world’s leading economists. He joins us to unpack the deeper causes of today’s instability and inequality. With over 2.5 million books sold worldwide — including 23 Things They Don’t Tell You About Capitalism and Edible Economics— Chang argues that the dominant economic theory of the last 40 years, neoliberalism, has failed the many while enriching the few. Get Edible Economics here: https://shorturl.at/kZM7f 🤝 Make the most of your money with a financial adviser Get professional support 1:1 with your finances: ⁠https://makingmoney.email/financial-advisors-audio⁠ ⛑️ Free guides, courses and financial health check Learn how to build long-term wealth in the UK: ⁠https://linktr.ee/makingmoneypod⁠ 🎉 Sponsors Odoo - test their Sign app for free: ⁠https://www.odoo.com/r/MM⁠ Vanta - Get your company secure and compliant, with $1k off: ⁠https://vanta.com/makingmoney⁠ Tide - Get up to 4.22% AER (variable) on your business savings. Use this link ⁠https://www.tide.co/offers/makingmoney⁠ or the code 'MAKINGMONEY'. You'll also get £100 if you fund your account with £5,000 in the first 30 days. Ts&Cs apply.  The more you save, the higher the rate—up to 4.22% AER (variable) on balances over £1M. New Tide members receive these rates free for 6 months, then your Tide plan’s savings rate and thresholds apply. Visit ⁠https://tide.co/savings⁠ for full terms and conditions. 📈 Investment platforms we use: Trading 212 Watch this video where Damo explains how to get the most from it:⁠⁠ https://youtu.be/BVVZhrM0LVQ⁠⁠ Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1. Use the code ‘MM’ or this link:⁠⁠ https://www.trading212.com/join/MM⁠⁠ InvestEngine  Get up to a £50 bonus when you invest at least £100. ⁠⁠https://investengine.pxf.io/daOD2Q⁠⁠ Vanguard Minimum investment of £500 or £100/month. ⁠⁠https://www.vanguardinvestor.co.uk/ – If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.

Paul Johnson, Director of the Institute for Fiscal Studies and author of 'Follow the Money,' dives into the complexities of UK taxation. He discusses where our taxes truly go and dispels myths about tax burdens. The conversation tackles public spending inefficiencies, especially in the NHS, and explores the ancient and bizarre tax laws that still echo today. Johnson emphasizes the need for tax reform to address modern financial pressures, particularly on families, and argues for a fair taxation system to tackle national challenges like an aging population and climate change.

In this conversation, Martin Holdsworth, a seasoned lawyer with over 20 years in inheritance disputes, shares insights into the chaos that can arise when families neglect proper estate planning. He discusses startling statistics about will ownership and the rising conflicts tied to intergenerational wealth. Martin emphasizes the importance of clear communication around inheritance to prevent emotional turmoil and explores innovative legal tech that simplifies asset distribution. With anecdotes of estranged siblings and the ethical implications of heir hunters, he advocates for proactive planning to preserve family harmony.

Yota Trom, a career coach with an impressive track record, shares insights on how she helped a client skyrocket their salary from £35k to £150k in just 2.5 years. She emphasizes the importance of mastering negotiation skills and self-advocacy in achieving fair pay. Yota also discusses the role of personal branding in career advancement and provides actionable strategies for navigating salary discussions. Listeners can learn about building confidence, researching salary benchmarks, and preparing for impactful conversations with managers.