Informed Choice Radio Personal Finance Podcast
597 episodes - English - Latest episode: 11 months ago - ★★★★★ - 6 ratingsWelcome to Informed Choice Radio, the personal finance podcast all about achieving your financial goals in life. New episodes are published every Friday, featuring expert interviews and practical tips for making the most of your money. Your host for Informed Choice Radio is Martin Bamford; a Chartered Financial Planner, Fellow of the Personal Finance Society and personal finance author. Contact Martin at [email protected] with any comments or questions. You can find show notes and archived episodes at https://icradio.co.uk/episodes/.
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Episodes
Happy Go Money, with Melissa Leong
February 11, 2019 06:00 - 18 minutes - 17.6 MBEverything tells us that what will make us happy can be bought, whether it’s the latest gadgets, renovated kitchens, or luxury goods. But research has shown that having more money in the bank and more stuff around the house doesn’t necessarily correlate with being a happier person. My guest on the podcast today is financial expert Melissa Leong, author of a new book Happy Go Money. Happy Go Money combines happiness psychology and personal finance and distills it into an indispensable sta...
5 side hustles to make you extra money in 2019, with Emma Drew
February 08, 2019 06:00 - 34 minutes - 32.6 MBIt’s February and I know a lot of people are still feeling the post-Christmas pinch. With so much economic uncertainty in the build up to Brexit, it’s no surprise that we want to earn a little extra money. A big trend we’ve seen is the rise of the side hustle; no longer relying on the money we earn from the 9-5, but working a 5-9 instead, to earn a second income. That side hustle is often found online, with a variety of different ways of earning extra money. In the episode today, I’ve br...
Old jobs in the new urban economy, with Richard Ocejo
February 04, 2019 06:00 - 25 minutes - 23.5 MBThere's a big change happening in the new economy. Traditionally low-status, manual labour jobs are being transformed into elite, taste-making occupations. This is redefining 'good' jobs, which are typically knowledge or technology based, leading to a renaissance in certain trades. My guest today is Richard Ocejo, author of Masters of Craft, a new book which provides insights into the stratification of taste, gentrification, and the evolving labour market in today's postindustrial city. ...
Doing things by the book
February 01, 2019 06:00 - 25 minutes - 23.9 MBIn money, as in life, there are two ways of doing most things. You can do things the easy, informal way. Or you can do things right, by the book. In this episode I'm talking about the importance of managing money for others 'by the book' and what can go wrong when you enter into informal financial arrangements with your relatives.
Solving money worries at work, with Jeanette Makings
January 28, 2019 06:00 - 21 minutes - 20.1 MBThe vast majority of us are suffering from money worries, with more than three quarters of employees saying money worries impact them at work. That's according to new research from Close Brothers, who found 25 million people in the UK are affected by money worries at work and two in five employees worry about their finances always or often. That's a huge issue and I'm pleased to welcome onto the show today Jeanette Makings, Head of Financial Education at Close Brothers. Jeanette explai...
Making the mental switch from saver to spender
January 25, 2019 01:00 - 26 minutes - 24.9 MBAt some point in your life, you're going to have to switch from being a saver to being a spender. This usually happens as a result of that big life event that is retirement. And it's a huge mental shift. After a lifetime of forging a savings habit, giving that up and spending your savings instead of adding to them can be at once unsettling and uncomfortable. In this episode, some suggestions for making that mental shift from saver to spender.
Millennial Money Makeover, with Conor Richardson
January 21, 2019 06:00 - 22 minutes - 21.4 MBWe hear a lot about Millennials and their challenges with money. Rarely a week goes by when this generation isn't being slated in the press for their failure to get onto the property ladder - or their obsession with smashed avocado on toast. It's therefore no surprise that more than half of Millennials are freaked out when it comes to their finances. My guest today has created a guide to help Millennials navigate the financial issues of their time. Certified Public Accountant Conor...
Making sure financial advice is unbiased
January 18, 2019 01:00 - 28 minutes - 26.6 MBWe're all biased, whether consciously or unconsciously. But what happens when that bias enters the financial advice you receive? In this episode, I'm sharing a couple of examples of bias when it comes to financial advice, explaining how to recognise it and what you can do to make sure advice is unbiased.
Clues for investors that a company is heading for a fall, with Tim Steer
January 14, 2019 01:00 - 18 minutes - 17.3 MBWhen it comes to investing, things sometimes go wrong. There's risk involved when investing your money. Companies sometimes suffer a dramatic, even a catastrophic fall, in their share price. When this happens, investors lose out and employees lose their jobs. But my guest today says a company's published accounts will often offer clues to impending disaster, assuming you know where to look. Tim Steer qualified as an accountant before moving into investment analysis and fund managemen...
Death, divorce and debt week
January 11, 2019 01:00 - 28 minutes - 26.6 MBDeath, divorce and debt have been in the news a lot this week. Not the most cheerful subjects as we get back into the swing of things in the New Year, but all three important from a financial planning perspective. So coming up in this episode, why more people die in the second week of January than during any other week of the year, why this week saw the biggest number of divorce enquiries for family lawyers, and why debt is spiraling out of control in the UK. And of course what to do about...
Why the corner office doesn't work for every woman, with Kathryn Sollmann
January 07, 2019 01:00 - 25 minutes - 24.4 MBMy guest today believes it's time to acknowledge that not all working women are interested in climbing the corporate ladder or securing the corner office. In fact, most women want and need flexible, less life-consuming work to accommodate their real lives. And it's not weak, lacking ambition or letting down the sisterhood to pursue professional fulfillment and financial security through less lofty, or headline-making ways. Kathryn Sollmann has created and led hundreds of conferences an...
How to make your money goals stick in 2019
January 04, 2019 01:00 - 30 minutes - 28.9 MBIn this episode of the podcast, I'm sharing seven tips for sticking with your money goals in 2019. What good are New Year's Resolutions if you give them up by the third week in January?! The tips I'm sharing are just are relevant for health and fitness resolutions are they are for money resolutions, so listen on if you're one of the six in ten people out there who have made resolutions at the start of this year. I'm going to help you stick with them. Also in this episode, there's a rou...
What Financial Planning can learn from technology giants, with Jose Supico
December 31, 2018 01:00 - 26 minutes - 25.1 MBToday on the show, I take you to Lisbon in Portugal for a conversation with Jose Supico. Jose is CEO and co-founder of Advicefront, a fintech firm designed from the ground up with the new reality of personalised advice and digital lifestyles in mind. It’s everything advisers, paraplanners and clients need in one place, from onboarding to advice, to seamless execution. I was introduced to Jose by our mutual friend Michael Taggart, who agency Foco Global are doing incredible work with fi...
What I've learned from our guests in 2018
December 28, 2018 01:00 - 46 minutes - 42.9 MBIn this episode, I've picked 12 of my favourite guest interviews from 2018 and selected the best lessons from those conversations. It was hard work to whittle this down to just 12 guests. During the course of 2018, I've interviewed around 60 different personal finance experts for this show and I've genuinely enjoyed every conversation. The 12 I've picked for you in this episode, our 2018 rewind edition, are those I feel have made the biggest impact on me personally, but also for you, o...
From here to financial happiness, with Jonathan Clements
December 24, 2018 01:00 - 20 minutes - 19 MBMy guest on the show today is Jonathan Clements, founder of HumbleDollar.com and prolific author of personal finance books. His new book is From Here to Financial Happiness: Enrich Your Life in Just 77 Days. Why 77 days you ask? Well I wanted to know that too, so I ask Jonathan during this conversation. From Here to Financial Happiness is described as a day-by-day guide for anyone dreaming of a better life. Whether you’re dealing with debt, uncertain about retirement or simply want to ...
The Informed Choice Christmas Letter
December 21, 2018 01:00 - 46 minutes - 43.4 MBIn this episode, it's the Informed Choice Christmas letter. I take a look back at 2018, with personal finance highlights and news from here at Informed Choice throughout the year. It's like that letter you get in the Christmas card from your grandmother each year, but hopefully slightly more interesting. No offence intended to your grandmother!
Setting financial goals and building our savings, with Single Mom CPA Michele Cagan
December 17, 2018 01:00 - 19 minutes - 18.8 MBIf there's a personal finance topic I'm happy to come back to again and again, it's budgeting. Budgeting is the foundation, the very cornerstone of a great financial plan. Like many things in the world of finances, it's simple, but rarely easy. My guest today is Michele Cagan, a Certified Public Accountant on a mission to help other moms find secure financial footing. Michele spent years working for one of the biggest accounting firms in the world, putting on a suit every day and tre...
Don't do this when investment markets are choppy
December 14, 2018 01:00 - 19 minutes - 18.6 MBOh Theresa, what have you been doing?! Brexit is all anyone is talking about at the moment, with the Brexit induced uncertainty prompting another bout of investment and currency market volatility. It's only likely to get worse before it gets better. So in this episode, how to navigate volatile investment markets - I'm talking about our approach to investing money when things get rough. Listen to this one if you're a nervous investor, or you need a bit of reassurance around what's been ...
Why ego is the enemy for investors, with Dr Daniel Crosby
December 10, 2018 01:00 - 23 minutes - 22.1 MBRegular listeners to this podcast will know I'm particularly interested in the field of behavioural finance. So I'm pleased to welcome back to the show today Dr Daniel Crosby. Daniel has written a new book, it's called The Behavioural Investor, and it's an applied look at how psychology ought to inform the art and science of investment management. In the book, he examines the sociological, neurological and psychological factors that influence our investment decisions and sets forth pract...
Are we nearly there yet? Counting down the days until the next global recession
December 07, 2018 01:00 - 22 minutes - 20.9 MBIn this episode, I bring you shocking news of an inverted yield curve in the United States, heralding the onset of an economic recession. But when? How much? What is an inverted yield curve? I've got some of the answers at least. Listen on. There's also a roundup of the latest personal finance news and an update from the world of Informed Choice this week.
How to Brexit-proof your personal finances
November 30, 2018 01:00 - 29 minutes - 27.9 MBIt'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 financ...
The value of a financial plan, with Nick Bamford
November 26, 2018 01:00 - 23 minutes - 22 MBWhat'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.
How regular climaxes could add billions to the British economy
November 23, 2018 01:00 - 23 minutes - 22 MBDid 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...
Making the millionaire choice, with Tony Bradshaw
November 19, 2018 01:00 - 24 minutes - 23.2 MBMy 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, ...
5 money myths that aren't always true
November 16, 2018 01:00 - 24 minutes - 23 MBWe'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: D...
Our primal fear of loss, with Dr Mark Tobak
November 12, 2018 01:00 - 26 minutes - 25.3 MBMy 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 Sc...
Keeping your personal finances on track when you're starting a business
November 09, 2018 01:00 - 30 minutes - 28.2 MBIn 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.
Personality traits, experiences and attitudes of the super rich, with Dr Rainer Zitelmann
November 05, 2018 01:00 - 36 minutes - 33.6 MBWhat 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 exper...
How to boost pension savings for women
November 02, 2018 01:00 - 25 minutes - 23.8 MBIn 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 mem...
What you need to know about the Autumn Budget
October 30, 2018 09:44 - 16 minutes - 15.6 MBIn this special bonus episode of Informed Choice Radio, Martin explains the key personal finance measures announced in the Autumn Budget.
How to make extraordinary profits from ordinary investment funds, with Brian Dennehy
October 29, 2018 01:00 - 23 minutes - 22 MBIn this episode I'm joined by Brian Dennehy, a veteran of the financial services profession and regular media commentator for more than 20 years. Brian's written his first book. It's called Clueless: New research uncovers the story of two extraordinary financial mysteries, massive investor losses, and a brilliantly straightforward blueprint to achieve huge profits from investment funds. This first book from Brian pulls no punches, and is absolutely essential reading for any investor, big...
Three things we're not doing with our money
October 26, 2018 08:55 - 29 minutes - 27.2 MBIn this episode, three things we're not doing with our money - and why this needs to change. I'm talking about mortgages, pensions and long-term care in later life, and the important actions we're not collectively taking, along with some tips for making changes in these areas.
How to Sell More, Earn More, and Become the Ultimate Sales Machine - with Ryan Serhant
October 22, 2018 01:00 - 19 minutes - 18.6 MBOn September 15, 2008, the subprime mortgage industry collapsed, Lehman Brothers filed for bankruptcy, and a 24-year-old Ryan Serhant began his first day in the real estate business. The real estate sector has slowly recovered since then, and Serhant has become one of the most successful brokers in the world. He now manages agents in New York City, New Jersey, Los Angeles, Miami and the Hamptons. Ryan Serhant is recognized as a real estate powerhouse. His team at Nest Seekers Internation...
5 of the worst investments you can make right now
October 19, 2018 01:00 - 31 minutes - 29.8 MBIn this episode, Martin shares five of what he considers to be the worst investments you can make right now. There's also a roundup of the latest personal finance news and an update from the world of Informed Choice in the popular aftershow segment.
Direct lending as an asset class, with Jake Wombwell-Povey
October 15, 2018 01:00 - 21 minutes - 20.6 MBIn this episode I'm joined by energetic Fintech professional Jake Wombwell-Povey. Jake recently joined Goji Investments, an investment platform focused on Direct Lending. Within this episode Jake explains all about direct lending as an investment asset class. Here’s my conversation with Jake Wombwell-Povey, CEO of Goji Investments, in episode 363 of Informed Choice Radio.
Late Night Money Live 001
October 12, 2018 01:00 - 32 minutes - 30 MBHello and welcome to Late Night Money Live, a special live broadcast episode of Informed Choice Radio. This episode was recorded live at 10pm on Wednesday the 10th of October 2018. Martin was joined by Neil, Michael and Alam to discuss AI and behavioural finance, the impact of Brexit on financial services, and how hard it is becoming for some young adults to get on the property ladder. He also explains where the concept for this Late Night Money Live format comes from. If you’re new ...
How to thrive in retirement, with Celia Dodd
October 08, 2018 01:00 - 20 minutes - 19.6 MBRetirement is a once-in-a-lifetime opportunity to be yourself and do what you want to do. It offers new possibilities for personal growth through learning, retraining, travelling and friendship. But it’s also one of the biggest transitions we face, and brings huge psychological and emotional challenges. It’s not surprising that many people struggle with the adjustment to a different pace of life. In this episode I’m joined by Celia Dodd, author of Not Fade Away – How to Thrive in Retirem...
The Cost of Staying Loyal
October 05, 2018 09:27 - 31 minutes - 29 MBIn this episode, the cost of loyalty. What’s the cost of staying loyal to providers of insurance, banking and financial services? It could be a lot more than you think. I'm taking a closer look at this cost of loyalty and suggesting some ways to deal with it. There's also a roundup of the latest personal finance news and the aftershow segment, where we share some updates from the world of Informed Choice.
How to transition a business for the employee ownership revolution, with Chris Budd
October 01, 2018 01:00 - 25 minutes - 24.4 MBIn this episode, I'm pleased to welcome Chris Budd back to the show. Chris has come on today to talk about his new book. It's called The Eternal Business: How to transition a business for the employee ownership revolution. When it comes this employee ownership revolution, Chris knows his onions, and that's because he's recently sold his own business, Ovation Finance, to an Employee Ownership Trust. But the movement for employee ownership is global - and interest in this alternative suc...
How to become a Financial Planner
September 28, 2018 08:42 - 31 minutes - 29.8 MBIn this episode, Martin becomes a careers adviser and shares some thoughts on how to become a Financial Planner. Which exams do you need to take? Which roles should you apply for in order to get started? What should you never say on your CV? There's also a roundup of the latest personal finance news and and after show segment, along with news of a special late night live broadcast of Informed Choice Radio next month.
The Decentralized Alternative to Central Banking, with Saifedean Ammous
September 24, 2018 01:00 - 32 minutes - 30.7 MBWhen a pseudonymous programmer introduced "a new electronic cash system that's fully peer-to-peer, with no trusted third party" to a small online mailing list in 2008, very few paid attention. Ten years later, and against all odds, this upstart autonomous decentralized software offers an unstoppable and globally-accessible hard money alternative to modern central banks. In this episode I'm joined by economist Dr Saifedean Ammous. In his book The Bitcoin Standard, he analyzes the h...
Missing out on pensions when getting divorced
September 21, 2018 01:00 - 32 minutes - 30.8 MBIn this episode, we're talking about divorce and separation. It's been in the press a lot this week, with the government considering changes to the law to remove fault from divorce, and also a warning from Age UK that women are missing out on pensions as a result of failing to consider them in divorce. We hear from Katherine Muldoon, a solicitor in the family law team at Slater and Gordon Lawyers in London.
Everything you need to KNOW and everything you need to DO to secure your financial future, with Pete Matthew
September 17, 2018 01:00 - 26 minutes - 24.7 MBIn this episode I'm joined by legendary personal finance podcaster Pete Matthew. Pete's written his first book, it's called The Meaningful Money Handbook. Rather than read out an author bio, I wanted to share a testimonial for the book written by Andy Hart, host of the Maven Money Podcast. Andy said: "Pete has shared more financial wisdom with more people than anyone I know. He is not only a credit to our mighty profession, he’s a credit to humanity. He’s on a selfless pursuit to assis...
Exhaustion epidemic and four day working week
September 14, 2018 01:00 - 31 minutes - 28.6 MBIn this episode, why an exhaustion epidemic is sweeping the UK and how workers can look forward to a four day working week in the future, thanks to efficiency savings from improved technology.
Thoughtful Philanthropy, with Lauren Janus
September 10, 2018 01:00 - 24 minutes - 23.2 MBIn this episode I’m joined by Lauren Janus, founder of Thoughtful Philanthropy. Thoughtful Philanthropy is a charitable giving advisory service for individuals, families and organisations that want to become informed and empowered philanthropists. With so many worthy charities vying for your attention, how do you create a giving strategy that transforms you into an engaged force for good in support of your issues? This is where the services of a philanthrophic adviser, like Lauren, com...
Is social media driving us into debt?
September 07, 2018 01:00 - 30 minutes - 28.7 MBIn this episode, is social media driving us into debt? I chat with social media influencer Jasmine Jonas, along with Barclays Bank Head of Savings & Investments Clare Francis, to find out whether influencer impulse is outweighing savvy spending. There's also a roundup of the latest personal finance news, with RBS closing more branches, Ofgem capping energy tariffs and Esther McVey passing the pensions dashboard to industry.
A beginner's guide to the stock market, with Rodney Hobson
September 03, 2018 01:00 - 25 minutes - 23.1 MBIn this episode, I'm pleased to welcome Rodney Hobson back to the show. Rodney is an experienced financial journalist who has held senior editorial positions in the UK and Asia, including Business News Editor for The Times, Business Editor of the Singapore Monitor, Deputy Business Editor of the Far Eastern Economic Review, Head of News at Citywire and Editor of Shares magazine. He has contributed to the Daily Mail, the Independent and Business Franchise Magazine and speaks at investment ...
Mid-life MOTs and pension tax relief speculation
August 31, 2018 01:00 - 36 minutes - 33.7 MBIn this episode, it's a double-header! I chat with Alistair McQueen, Head of Savings & Investments at Aviva, about how they are checking up on the work, wealth and wellbeing of their older employees with mid-life MOTs. I also talk about growing speculation the Chancellor could have something up his sleeve for pensions tax relief in the Budget this autumn. There's also a roundup of the latest personal finance news and, of course, the aftershow, where I talk about what's been happening at Info...
How to live a life well lived in retirement, with Marlene Outrim
August 27, 2018 01:00 - 18 minutes - 17.1 MBRetirement today is the golden era, not the olden one. Everyone I meet who is entering the retirement phase of their life wants to have a life well lived and achieve their big goals. My guest on the podcast today is a fellow financial planner who has written the book on redefining retirement, showing how the post-war baby boomer generation are having an enormous impact on how we lead the later part of our lives. Marlene Outrim was originaly a probation officer for South Glamorgan for 1...
ICR348: This is why you're not saving enough for later life care
August 25, 2018 20:14 - 29 minutes - 27.5 MBIn this episode, why you're not saving enough for your care in later life and why a proposed care ISA is a really bad idea. There's also a roundup of the latest personal finance news, and the aftershow, where I share some news from the world of Informed Choice - including an exciting announcement about our new offices in Hampshire.