Which ISA is best? That is the topic of today's episode.

First, we cover exactly what an ISA - or Individual Savings Account - is and break down how each of the 4 different types of adult ISAs actually work.

We then move into which ISAs are likely to be best to prioritise in certain situations.

Overall, and everyone's situation will be slightly different, Stocks & Shares ISA will give you the most 'profit' (most likely). This is because over the long term the gains and dividends can exponentially grow your wealth.

However, Lifetime ISAs (specifically Cash LISAs) are a fantastic vehicle to save for your first house deposit. And Cash ISAs can be useful in some specific scenarios, like if you will breach your personal savings allowance and have to be some tax on your savings interest.

Listen to the episode for the full details.

Timestamps:

0:34 - What is an ISA?

3:46 - Cash ISA

5:58 - Stocks & Shares ISA

7:37 - Innovative Finance ISA

8:26 - Lifetime ISA

13:06 - Why I don’t like S&S LISAs

17:19 - Which ISA to prioritise in specific situations?

20:25 - ISA allowance

21:21 - Which ISA is best

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📕 Get my book Stop Waiting, Start Investing - https://linktr.ee/makingmoneysimple1

💻 My website - https://makingmoneysimple.co.uk

If you would like to get involved in one of my 4-week investing workshops, get in touch and I can let you know when the next one is kicking off.

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Sammie from @upthegainsmoney joins me on this episode to discuss how we can achieve financial freedom.

It comes back to our 'FIRE number', the number we need to grow our investment pot to to then achieve financial freedom.

Which is why 'retirement' is a number and not an age.

Sammie introduces a concept called 'the gap'. We all have a gap and in order to reach financial freedom Sammie helps to explain a process of how we can close that gap and reach financial freedom quicker.

Listen to the episode for the full details.

Sammie @upthegainsmoney - https://www.instagram.com/upthegainsmoney/

Sammie's course - https://www.stockmarketschool.co.uk/

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📕 Get my book Stop Waiting, Start Investing - https://linktr.ee/makingmoneysimple1

💻 My website - https://makingmoneysimple.co.uk

If you would like to get involved in one of my 4-week investing workshops, get in touch and I can let you know when the next one is kicking off.

📰 Sign up to my newsletter - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://makingmoneysimple.co.uk/Newsletter⁠⁠⁠⁠⁠⁠⁠⁠

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

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

🕺 TikTok - ⁠⁠⁠⁠https://www.tiktok.com/@makingmoneysimple⁠⁠⁠⁠

In this video I discuss what will happen to the financial markets in 2025.

First though, it's helpful to revisit what was predicted in 2024. And then what actually happened in reality.

There was a big difference. Including the world's biggest bank getting their prediction wrong by an unbelievable 38%.

In fact, since I started investing back in 2017, I think there has been a 'big crash' predicted every year. Yet, the US and global stock markets are much, much higher than 2017.

You probably know where I am going with this, but it is impossible to know what will happen and it is impossible to time the market, as we discuss during this episode.

The best thing is to start investing and keep investing. It's impossible to predict what will happen from year to year, but by the market goes up slowly over the long term. And by investing you're giving your money the chance to beat inflation and compound.

Listen to the episode for the full details.

Timestamps:

0:00 - Intro

1:11 - Looking Back At 2024

8:08 - What Will Happen In 2025

13:19 - Start Investing Now

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

💻 My website - https://makingmoneysimple.co.uk

If you would like to get involved in one of my 4-week investing workshops, get in touch and I can let you know when the next one is kicking off.

📰 Sign up to my newsletter - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://makingmoneysimple.co.uk/Newsletter⁠⁠⁠⁠⁠⁠⁠

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

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

🕺 TikTok - ⁠⁠⁠https://www.tiktok.com/@makingmoneysimple⁠⁠⁠