Monty from @montylanefinance joins me on this episode of the podcast to talk all things investing.

Monty has grown his investment portfolio from £0 to £89,000+ over the last 3 years, spread across a Stocks & Shares ISA and SIPP, and is on his way to a six-figure investment pot.

That's a huge sum of money in a short space of time - so I wanted to find out how he did it.

We discuss Monty's switch from individual stocks to index funds and ETFs, the two investment platforms that he uses, as well as the five specific funds that Monty invests into to build his wealth.

Listen to the full episode for all the details!

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Iain from @IainJGeddes joins me on this episode of the podcast to talk about investing for your children.

If you don’t currently have children, this is useful future information. Even if you don’t want children, you can hopefully pass on this knowledge to friend's children, nephews and nieces.

We have three main options: Junior Stocks & Shares ISA, Junior SIPP, or using part of your own adult Stocks & Shares ISA allowance.

Each option has different pros and cons.

The key with the two ‘Junior’ options is that the money legally becomes your child’s at 18 (Junior Stocks & Shares ISA) or at 55 (Junior SIPP).

If you’re skeptical they may misuse the money, or you just want more control, you can use part of your own adult ISA allowance - assuming you have some left - to invest for your children.

The greatest asset that children have is time. Due to compound interest, even small amounts contributed today have the chance to grow for decades to come.

Listen to the full episode for all the details!

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📖 Buy my book Stop Waiting, Start Investing - https://linktr.ee/makingmoneysimple1

✅ How I can help you - https://makingmoneysimple.mykajabi.com/my-resources

📰 Newsletter - ⁠⁠⁠⁠⁠⁠⁠⁠https://makingmoneysimple.mykajabi.com/Newsletter⁠⁠

🎥 Youtube - https://www.youtube.com/c/MakingMoneySimple/

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🐦 Twitter - https://twitter.com/makingmsimple

In this video I go through everything that you need to know about investing and taxes in the UK.

This includes the 3 main vehicles we can use to invest in the UK - ISAs, pensions and general investment accounts.

And the 3 main 'phases' of investing - before investing, during investing (i.e when we are invested in something) and when withdrawing.

Ultimately, ISAs and pensions have great tax advantages. So if possible, make the most of these.

But, GIAs do have their place in specific situations. Not to mention that for some types of investments (e.g crypto) we can only use GIAs to invest.

Just be aware that with GIAs we may be liable to pay capital gains tax and/or dividends tax.

Capital gains tax arises when we sell, and the allowance is currently £3,000 per tax year.

Dividend tax arises when we earn dividends and this happens when we're investing as most funds pay dividends, and the allowance is currently £500 per tax year.

Listen to the full episode for all the details!

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📊 Income, Expenses, Saving & Investing Tracker - ⁠⁠⁠⁠⁠https://payhip.com/b/SIaGz ⁠⁠⁠⁠⁠

📈 How to start investing workshop - https://payhip.com/b/1fic

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It's no secret that I am a fan of global funds.

I am largely just a global index fund investor.

Why? Because it keeps my approach as simple and as diverse as possible.

Across my various investing accounts, and there are a lot of them (as we go through in the podcast), I usually solely invest into the lowest cost, most globally diversified fund I can find.

And I recently passed a huge milestone. After 7 years of investing, I now have £100,000+ in global funds.

So in the podcast episode, we go through the exact global funds I am investing into. Including what they're called, how many stocks they hold, what fees they charge, and more.

Listen to the full episode for all the details!

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📖 Stop Waiting, Start Investing Ebook - https://payhip.com/b/Q40kP

💻 Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

📊 Income, Expenses, Saving & Investing Tracker - ⁠⁠⁠⁠https://payhip.com/b/SIaGz ⁠⁠⁠⁠

📈 How to start investing workshop - https://payhip.com/b/1fic

📰 Newsletter - ⁠⁠https://makingmoneysimple.mykajabi.com/Newsletter

🎥 Youtube - https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram - https://www.instagram.com/makingmoneysimple/

🐦 Twitter - https://twitter.com/makingmsimple

Thomas (@thebankengine) joined me on this episode to talk about how he makes extra income each month - specifically a whopping £1,912 across April and May 2024.

Not just in the last two months though, Tom the bank (or tank 🚂) engine has been making thousands of additional pounds across the last few years.

This is all through extra income streams/extra side hustles that he has, some completely passive income streams and some more active income streams.

Tom has 11 extra income streams in total, and the great thing is that these are all real income streams. No income stream 'ideas' or 'hacks', real side hustle income streams that make him money.

People always ask about how to make some extra money or for side hustle ideas to make money - so hopefully this episode will help!

These 11 extra income streams include: 1) Cashback & points - e.g EverUp, Jam Doughnut. 2) Cashback sign up offers. 3) Bank switching. 4) Market research - e.g Take Part In Research, Askable. 5) Mystery shopping - e.g Roamler. 6) Surveys. 7) Matched betting. 8) Affiliate sign up offers. 9) Lifetime ISA interest + bank interest on savings. 10) Dividends. 11) Side business.

In the podcast episode we go through this full list, discussing each option, the pros and cons, drawing on our own experiences, potential costs or risks involved, specific examples, and a lot more.

Listen to the full episode for all the details!

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📖 Stop Waiting, Start Investing Ebook - https://payhip.com/b/Q40kP

💻 Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

📊 Income, Expenses, Saving & Investing Tracker - ⁠⁠⁠https://payhip.com/b/SIaGz ⁠⁠⁠

📈 How to start investing workshop - https://payhip.com/b/1fic

📰 Newsletter - ⁠https://bit.ly/3roNpIB⁠

🎥 Youtube - https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram - https://www.instagram.com/makingmoneysimple/

🐦 Twitter - https://twitter.com/makingmsimple

This is exactly how I invested £6,505 so far in 2024.

In this podcast I run through the exact investing platforms I use, the exact investment accounts I use and the exact investments I've been making. Like always, zero gatekeeping!

As you will see, and if you don't already know, my approach is unbelievably simple. Primarily, this is automatic contributions into global funds every single month.

Investing doesn't need to be complicated and I keep my own approach as simple, passive and hands-off as possible.

Listen to the full episode for all the details!

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📖 Stop Waiting, Start Investing Ebook - https://payhip.com/b/Q40kP

💻 Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

📊 Income, Expenses, Saving & Investing Tracker - ⁠⁠https://payhip.com/b/SIaGz ⁠⁠

📈 How to start investing workshop - https://payhip.com/b/1fic

📰 Newsletter - https://bit.ly/3roNpIB

🎥 Youtube - https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram - https://www.instagram.com/makingmoneysimple/

🐦 Twitter - https://twitter.com/makingmsimple

Jasper (@jasperinvests) joined me on this episode to talk about FX rates and how they impact us as UK investors. A very important topic that most aren't aware of.

First, we discussed the S&P 500 returns for US investors compared to UK investors. Surprisingly, and we dug into the historical data, the returns can vary massively in any individual year.

There can be huge swings and differences in returns that US and UK investors receive in any given year, all because of FX.

However, over the long term, FX rates generally tend to be stable between the major currencies. Although, and as expected, in the short term this isn't always the case.

We spoke through two ways to mitigate this FX risk and whether it's worth to mitigate this risk at all.

Finally, we touched on global index funds and the impact of FX.

Listen to the full episode for all the details!

Timestamps

0:00 - Intro

1:02 - S&P Return UK vs US Investors

5:25 - Two Ways To Mitigate Risk

9:42 - Historical Returns UK vs US Investors

14:02 - Long Term Impact

16:17 - Do We Hedge FX Risk?

19:58 - Benefits of Index Funds

21:00 - Summary

25:09 - Outro

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📖 Stop Waiting, Start Investing Ebook - https://payhip.com/b/Q40kP

💻 Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

📊 Income, Expenses, Saving & Investing Tracker - ⁠https://payhip.com/b/SIaGz ⁠

📈 How to start investing workshop - https://payhip.com/b/1fic

🎥 Youtube - https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram - https://www.instagram.com/makingmoneysimple/

🐦 Twitter - https://twitter.com/makingmsimple

Emma from Bee Money Savvy (@beemoneysavvy) - a previous winner of Best Money Saving Blog - joined me on this episode to talk about two things. 1) Her blogging journey, where she now makes more money than her day job and 2) three key money saving tips that you should implement.

First, we talk about Emma’s blogging journey and how she turned her side hustle into a money maker, all whilst continuing to work her day job for the NHS.

I asked Emma a range of questions from how and when did she get started, why she decided to talk about money saving and how the blog grew over time.

We also delved into the days when Emma made her first £10 and how she then was able to continue to monetise over the years.

Second, Emma shares three very important money saving tips that we can implement.

1) Big Financial Audit, 2) Make saving money simple, 3) Utilise money saving tools.

With each tip Emma shares specific guidance and examples of exactly what we need to do to manage and save our better money.

As part of utilising money saving tools, very helpfully, Emma shares the specific cashbacks apps and websites, discount code websites and price comparison websites that she personally uses.

Listen to the full episode for all the details!

Timestamps

0:00 - Intro

1:03 - Blogging Journey

6:45 - Blogging Beginnings

9:06 - Viral Blog Posts

11:20 - Blogging Time Investment

13:50 - Blogging Monetisation

19:36 - 3 Money Saving Tips

20:35 - 1. Big Financial Audit

23:32 - 2. Make saving money simple

26:36 - 3. Utilise money saving tools

30:49 - Outro

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📖 Stop Waiting, Start Investing Ebook - https://payhip.com/b/Q40kP

💻 Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

📊 Income, Expenses, Saving & Investing Tracker - https://payhip.com/b/SIaGz

📈 How to start investing workshop - https://payhip.com/b/1fic

🎥 Youtube - https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram - https://www.instagram.com/makingmoneysimple/

🐦 Twitter - https://twitter.com/makingmsimple