Making Money

Toby Newbatt, a self-taught personal finance YouTuber, shares invaluable investing wisdom drawn from reading over 40 books. He candidly discusses his early investing blunders and the lessons learned, emphasizing the need for accessible financial education. The conversation dives into the charms and pitfalls of cryptocurrency, the importance of research in making informed decisions, and the ethics of trading platforms. Toby also highlights the benefits of diversification and the necessity of long-term strategies to navigate the unpredictable investment landscape.

How often do you question your money habits or what your saving or investing for? Anne-Laure Le Cunff is a neuroscientist and author of Tiny Experiments and she thinks we need to question whether our financial goals are really what we want. (https://profilebooks.com/work/tiny-experiments/). 🤝 Get help from a financial adviser to navigate big decisions ⁠⁠https://makingmoney.email/financial-advisors-audio⁠⁠ 🎉Sponsors Odoo - 45 business apps in one: ⁠⁠⁠https://www.odoo.com/r/MM1⁠⁠ Vanta - Get your company secure and compliant: ⁠⁠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.

Ian Williams, a former China correspondent with over 20 years of experience and author of "Vampire State," sheds light on China's faltering economy amid a property market collapse and escalating debt. He draws alarming parallels between the Communist Party's tactics and historical authoritarian regimes, highlighting vulnerabilities in China's electric vehicle sector. Williams discusses the implications of global dependencies on Chinese technology and the geopolitical landscape shaped by the Belt and Road Initiative, urging a reexamination of international engagement strategies.

Dr. Eliza Filby, a generational historian and author of 'Inheritocracy', discusses the immense wealth transfer from baby boomers to their children and its impact on inequality. She examines how inherited wealth often overshadows hard work, creating an 'inheritocracy' that benefits some while disadvantaging others. Eliza delves into cultural differences in family support systems, critiques the myth of the self-made individual, and underscores the importance of open conversations about inheritance to empower future generations.

Joining the discussion is Ed Conway, Economics Editor for Sky News and author of Material World, who dives into the crucial materials driving our economy. He reveals the significance of lithium, copper, and other key resources, connecting them to the modern technologies we utilize daily. Ed highlights China’s dominance in battery production and the complexities of global supply chains. He also discusses the environmental impacts of mining and the pressing need for sustainable practices to achieve net-zero carbon emissions.

Katie Martin, a seasoned markets columnist for the Financial Times and the host of the Unhedged podcast, shares her insights on the impending market shifts as Trump potentially reshapes tariffs. She discusses navigating inflation, the challenges posed by China in the AI sector, and the disconnect between financial markets and everyday life. As viewers prepare for possible economic turbulence, Katie emphasizes wise investing strategies and explores the potential economic opportunities in post-conflict Ukraine, weaving in humor with a debate on kitchen gadgets.

Olly Richards, a successful entrepreneur and former jazz musician who speaks eight languages, shares his unique journey from music to education. He discusses the tension between enjoying life now and planning for the future, drawing inspiration from his musical background. Olly argues for prioritizing personal growth over mere savings in your 20s and emphasizes the simplicity of mastering personal finance like learning a language. He also highlights the importance of networking, continuous learning, and following one’s passions to unlock business opportunities.

Join Paul Todd, COO of Nest Invest, one of the UK's largest pension schemes, as he dives into the intricacies of pension investments. He discusses the impact of auto-enrollment on retirement savings and the vital need for personalized strategies. Explore why Nest removed the option for a 100% equities fund and how collective investing can benefit local communities. Todd emphasizes the importance of transparency in fund choices and addresses the complexities surrounding Sharia-compliant pension options. Discover practical tips for better pension management!

Explore how to gauge your financial progress heading into 2025. Discover the essentials for retirement savings and what attributes to seek in a pension fund. Learn about diversifying your investments and the critical differences between good and bad debt. Uncover the importance of emergency funds, rebranded as 'flexibility funds,' and get tips on balancing savings while managing debts. Delve into age-appropriate savings targets and strategies for navigating the evolving financial landscape.

Hamish McRae, an esteemed economics columnist and author, delves into the future of our world in 2050. He discusses whether the U.S. will retain its economic supremacy or be overtaken by China or India. The transformative potential of AI in tackling an aging population is explored, along with the challenges of globalization and geopolitical tensions. McRae also emphasizes the importance of retirement planning and the need for proactive health measures, offering a thought-provoking glimpse into the complex economic landscape ahead.