Legendary investor Charlie Munger shares his key lesson. The speakers discuss their financial habits, lack of investment guidance, and the significance of work experience. They explore the risks of doing nothing with money and the importance of investing for retirement. The hosts emphasize taking risks, introduce a book giveaway, and a new sponsor, Unbiased, who connects people with financial advisors.

Paul Johnson, director of the Institute for Fiscal Studies, discusses where UK taxes go, challenges in tax policies, wealth taxation gaps, complexities of corporation tax, and the need for fair taxation to address societal issues like aging population and climate change.

Discover how intelligence doesn't guarantee good financial decisions, the impact of biases on our choices, and ways to combat cognitive biases. Explore the complexities of intelligence, riddles, and exponential growth in financial planning.

Sasha Yanshin, a YouTuber and friend of Damo, discusses the risks of investing in individual stocks. He explains his process and best practices for those interested. They also touch on the challenges of being a content creator and the importance of research in investing.

In this podcast, the hosts discuss credit scores and credit ratings, debunking common myths. They share personal experiences and the importance of education on this topic. They also explore the impact of credit ratings on financial products and job opportunities. The significance of building credit history and maintaining accurate personal information on your credit report is highlighted. Personal experiences with CCJs and the risks of investing are also discussed.

Delving into wealth gaps and pay inequities, the podcast explores strategies for increasing earnings and negotiating salaries. It also tackles gender pay gaps, caregiving responsibilities, parental leave policies, and ethnic pay disparities. Diving into systemic issues, it addresses wealth gaps, race privilege, and economic growth. Lastly, it examines conversations on promotions, human life's value, and societal support for future generations.

Rob Dix, property investor and host of The Property Podcast, discusses the impact of changes in interest rates on the property market, advantages and disadvantages of renting versus buying a home, diversifying investments with property and cryptocurrency, the possibility of a property market crash, challenges for new investors, and the importance of having a personal assistant in property investment.

Learn how to choose the best investment platform and index fund, decipher investment information, manage stress, and explore different investment options. Includes a discussion on minimizing fees, the importance of bond allocation, and ethical investing.

Deborah Meaden shares insights on teaching kids about money and achieving dreams. The podcast covers childhood money attitudes, entrepreneurship, ethical investing, and personal growth anecdotes with humor and business wisdom.

Everyone talks about diversification, but how diverse do you really need to be? Can you just invest in one fund? Ramin Nakisa is personal finance YouTube royalty in the UK. He walks us through some of the major assets classes and their pros and cons - but also why one investment might just be enough for you to beat most professional investors, forever.This episode was recorded in July 2023 so some information may have changed since then. 💷 What to do with a lump sum webinar - join the waiting list:https://makingmoney.email/lump-sum-audio🤝 Want help from a financial advisor?We’ve teamed up with advisors we rate so you can get professional support. Learn more: https://makingmoney.email/financial-advisors-audio⛑️ Check your financial healthhttps://makingmoney.email/health-check-audio📧 Free guides on personal financeLearn how to build wealth in the UK: https://linktr.ee/makingmoneypod📈 Investment platforms we use:Trading 212Get 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/promocodes/MMInvestEngine Get up to a £50 bonus when you invest at least £100.https://investengine.pxf.io/daOD2QVanguardhttps://www.vanguardinvestor.co.uk/🎉SponsorsVanta - Get your company secure and compliant, with $1k off: https://vanta.com/makingmoneyTide - Get 4.07% AER variable on your business savings. Use this link www.tide.co/offer/makingmoneyq1 or the code 'MAKINGMONEYQ1'. You'll also get £100 if you fund your account with £5,000 in the first 30 days. Ts&Cs apply. New members receive a 0.78% AER boost on the standard 3.29% on unlimited deposits until 01/06/25 after which the rate reverts to 3.29% and is only earned on balances up to £75,000. Rate correct as of 19/12/24. Full terms: tide.co/terms/makingmoneyq1-tnc.--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.