The Meaningful Money Personal Finance Podcast

The first MeaningfulMoney was back in November 2012, and today I hit another big milestone of 200 episodes. And this week, for something a little different, I'm delighted to welcome Mark Schaefer, who hijacks my show for his own purposes...   Podcast: Subscribe in iTunes | Play in new window | Download Sponsor Message This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk Celebrating Session 200 Long-time listeners will remember Session 100, when I brought in my daughters, then aged 15 and 12, to ask a bunch of questions. It was giggly fun, but not rich, insightful content. This time Mark Schaefer, educator, consultant and author of six books including his most recent, KNOWN, asks some much more insightful questions than Ellie & Kate Matthew(!), including a bunch of questions asked by YOU! I'm grateful to Mark for helping me out with this episode. Stay tuned for an extra special episode on Friday this week when I turn the tables on Mark and interview him about KNOWN, which features MeaningfulMoney as a case study. Resources Mark's Website: Businesses Grow Book: KNOWN Mark on Twitter: @markwschaefer Transcript As always there is a transcript available for the entire show. you can get it by clicking the huge blue button below: [Coming Soon] Share the love If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below:

Last week we covered, very much in outline about income in retirement. This week we need to dive deeper, and get even more practical, and talk about securing an income in retirement.   Podcast: Subscribe in iTunes | Play in new window | Download Sponsor Message This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk Securing An Income In Retirement When I talk about securing an income in retirement, I use that word carefully. I mentioned last week the difference between secured and unsecured income in retirement. I want to dive in and look at the subject of securing an income in retirement this week and address unsecured income in a couple of weeks' time... Resources Website: Find an adviser at Unbiased Website: Money Advice Service Annuity Comparison site Website: Check your state pension Website: Pensions Advice Service page on annuity types   Share the love If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below:

When you get to The Great Transition into retirement, you are essentially switching from saving money to spending it, from building wealth, to enjoying it. In today’s show, I want to look at the principles and practicalities of your income and outgoings in retirement.   Podcast: Subscribe in iTunes | Play in new window | Download Sponsor Message This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk Income and Outgoings in Retirement Starting to draw an income in retirement is a big deal. There are many variables and considerations, and some of those considerations have nothing whatsoever to do with the income itself! So let’s dive in and see what you need to KNOW and what you need to DO when considering your income and outgoings in retirement. Resources Website: Find an adviser at Unbiased Website: Money Advice Service Annuity Comparison site Website: Check your state pension   Share the love If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below:

This season we’re talking about the great transition: retirement. But it usually isn’t something that suddenly arrives - there’s a run-up to retirement, and during those last few 5-10 years, there are some things you need to know, and need to do.   Podcast: Subscribe in iTunes | Play in new window | Download Sponsor Message This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk The run-in to retirement You have a few year left before your target date to retire, or begin retiring. Let’s be clear, you’re probably still working full time, piling as much as you can into your pension ISAs and other investments. Your expenditure is fairly consistent, you’re in control. But your mind is a few years ahead - what do you need to know and do to make it to the finish line in the best way possible? Resources Podcast: Season 4, Episode 7 - How To Choose A Multi-Asset Fund Podcast: Season 4, Episode 9 - How Much Is Enough? Podcast: Session 154 - How Much Is Enough? Website: Financial Services Compensation Scheme Website: Check your state pension Book: The Laws Of Wealth, by Dr Daniel Crosby   Share the love If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below:

It’s a new season, and we’re going to be looking at The Great Transition. What do I mean by this? I mean the transition between saving money for the future, and spending for the now. I mean the reduction in reliance on working to live, and instead living on your own means. Yes, I’m talking about retirement. But what is retirement anyway?   Podcast: Subscribe in iTunes | Play in new window | Download Sponsor Message This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk What is retirement? We’re going to look at the whole subject of retirement in some depth, as you’d expect, including bringing in some expert guests to help me cover some parts of it. I want to look at the concept and the process of retirement, and while doing podcasts as usual, I’ll also be releasing some video content to help demonstrate some of the things I’m talking about. We’ve lots to cover, so let’s crack on… Resources Podcast: Season 4, Episode 10 - The Great Transition Podcast: Season 4, Episode 9 - How Much Is Enough? Podcast: Session 154 - How Much Is Enough? Website: Check your state pension Transcript As always there is a transcript available for the entire show. you can get it by clicking the huge blue button below: [Coming Soon] Share the love If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below:

Regular listeners will know that I’ve been reading and learning a great deal about behavioural finance over the past 18 months or so. It has had a profound effect on the way I think about investing and the way I deal with my clients. Today I get to speak to the man who has written, for me the most accessible and actionable book on the subject, The Laws of Wealth, by Daniel Crosby. Podcast: Subscribe in iTunes | Play in new window | Download Sponsor Message This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk The Laws of Wealth I’m splitting my conversation with Daniel Crosby into two parts as it is nearly 50 minutes long, but don’t worry, I’m releasing both parts simultaneously so you don’t have to wait a week for part two! In part one, we take a look at a few of Daniel’s ten laws for behavioural self-management. And here in part two, we look at why those rules are not enough, and how he is helping his clients invest in such as way that some of the rules can be automated. Resources Book: The Laws of Wealth on Amazon (affiliate link) Website: Nocturne Capital Twitter: Daniel Crosby on Twitter LinkedIn: Daniel Crosby on LinkedIn   Competition Head over to part one of this conversation to enter the competition! Share the love If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below:

Regular listeners will know that I’ve been reading and learning a great deal about behavioural finance over the past 18 months or so. It has had a profound effect on the way I think about investing and the way I deal with my clients. Today I get to speak to the man who has written, for me the most accessible and actionable book on the subject, The Laws of Wealth, by Daniel Crosby.   Podcast: Subscribe in iTunes | Play in new window | Download Sponsor Message This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk The Laws of Wealth I’m splitting my conversation with Daniel Crosby into two parts as it is nearly 50 minutes long, but don’t worry, I’m releasing both parts simultaneously so you don’t have to wait a week for part two! In part one, we take a look at a few of Daniel’s ten laws for behavioural self-management. And in part two, we look at why those rules are not enough, and how he is helping his clients invest in such as way that some of the rules can be automated. Resources Book: The Laws of Wealth on Amazon (affiliate link) Website: Nocturne Capital Twitter: Daniel Crosby on Twitter LinkedIn: Daniel Crosby on LinkedIn Transcript Competition You can win one of five copies of The Laws of Wealth by leaving a comment below, and telling me: Your biggest takeaway from my conversation with Daniel, or What you have enjoyed most from all my content on behavioural finance, or What difference learning about behavioural finance has made to you.   Share the love If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below:

As we near the end of Season Four, where we’ve covered the ins and outs, the hows and the whys of Building Wealth, we need to turn our mind to the reason for it all; the great transition to financial freedom, or, if you like, retirement.   Podcast: Subscribe in iTunes | Play in new window | Download Sponsor Message This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk The Great Transition Having spent all this time talking about building wealth, we’re now looking to start spending it. That’s the subject of Season Five of The MeaningfulMoney podcast coming up in a couple of weeks, but in today’s episode, I want to pave the way… In this session, you'll discover: The reasons why retirement is no longer a line in the sand What that means for you Why you should keep reassessing your progress towards your goals Why you should keep reassessing your goals tin light of your progress Why it's important to keep your head down Why you should probably avoid lifetstyling What on earth lifestyling actually is Transcript As always there is a transcript available for the entire show. you can get it by clicking the yuge blue button below: [Coming Soon] Join the conversation I love to read and respond to your comments, so please do join in and share. Question: What has been the biggest thing you've learned or enjoyed in Season Four: Building Wealth?  Share the love If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below:

Sharp-eared listeners will know that back towards the end of Season 1, in session 154, I asked this same question – how much is enough? That was in the context of a mini-series on Net Worth. Today I want to take a slightly different approach to that question, following on from my chat last week with Chris Budd. In this session, you’ll discover: Why wealth is not just about money The importance of defining what financial freedom means to YOU That you are allowed to dream Why it’s important to price that dream in today’s money That adjusting that dream can make a big difference in whether or not it is achievable That it is possible to live a life with fewer things and more experiences That a balance between the now and the not-yet is the best way to live  

This week I welcome back friend of the show and previous guest, Chris Budd of Ovation Finance. Chris is going to help us find the reason for building wealth. After all, the idea is not just to get rich, but to enjoy that money one day.   Podcast: Subscribe in iTunes | Play in new window | Download Sponsor Message This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk Why bother building wealth? Multi-asset funds should, in my not-so-humble opinion, form the core of anyone's portfolio. They are a kind of fire-and-forget, off-the-shelf, done-for-you portfolio of assets, which will work for you over time. In this session, you'll discover: Chris' definition of what wealthy means Some of the different motivations he has come across in his career The questions Chris asks to help people discover and verbalise their objectives The issues that often hold people back The ways that Chris has helped people overcome these self-limiting beliefs The link between clarity of a vision and its likelihood of being realised Resources mentioned in this show Book: The Financial Wellbeing book - buy from Penny Brohn (more proceeds to the cause) Book: The Financial Wellbeing book - buy from Amazon (only if you have to!) Chris' Financial Planning practice: Ovation Finance Podcast: How to talk to your partner about money And of course, there's always a transcript of the show available by clicking the mahoosive blue button below: [Coming Soon]   Join the conversation I love to read and respond to your comments, so please do join in and share. Question: What is your definition of becoming wealthy? Let me know in the comments section below. Share the love If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below: