The Making Money Simple Podcast

• Q&A: I Have £75,000 - Should I Lump Sum Invest It or Drip Feed Invest It Over Time? (Lump Sum Investing vs Cost Averaging)

  In this podcast episode, I answer a question from Jiani.This is a great question and a fairly common question one - is it better to 'lump sum' invest or 'drip feed' / 'cost average' invest.We go through the data, the pros and cons of each approach, some real life examples, what I personally do, and more, in this podcast episode.Listen to the podcast episode for the full details.Timestamps:0:00 - Question from Jiani: Cost averaging vs Lump sum1:24 - What is the difference?2:45 - What the data shows4:17 - Why lump sum investing wins5:13 - Why cost averaging/drip feeding might still be better7:09 - When does each strategy work best?8:31 - Some real life examples10:17 - The ‘lost decade’ where drip feeding won12:08 - The final verdict13:23 - What do I do?14:4 - Outro-----------------------------------------More investing:📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book-----------------------------------------⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.-----------------------------------------📥 Get in touch: https://www.makingmoneysimple.co.uk/contact

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• How To Budget A £35,000 Salary + Budgeting Tools, Techniques & Apps | The Quid Squid

  Mat from @thequidsquid joins me on this episode to discuss all things budgeting.From different budgeting methods, to budgeting techniques, to useful budgeting tools and apps, to juggling your budget whilst investing and saving. Mat shares how he used budgeting personally to save for his own house. As well as how to go about budgeting the average UK salary of £35,000.Listen to the podcast episode for the full details!Timestamps:0:00 - Intro1:17 - Different budgeting methods3:25 - 50/30/20 budgeting7:39 - What techniques did Mat follow to save for a house9:45 - Zero-based budget14:14 - Budgeting for investing17:13 - Other budgeting tips - mindset, LISAs22:23 - How to budget the average £35,000 UK salary26:25 - How much should you save/invest?31:08 - Budgeting apps and tools36:34 - Using multiple accounts41:26 - Final quickfire budgeting tips-----------------------------------------More investing:📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book-----------------------------------------⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.-----------------------------------------📥 Get in touch: https://www.makingmoneysimple.co.uk/contact

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• What Is The Best Global ETF? (VWRP, FWRG, ACWI & More) - Tom's Personal Finance

  Tom from @tom.tpf joins me on this podcast episode to discuss a very important question what is the best global ETF for UK investors?As Tom and I discussed on our previous podcast episode, investing really can be made simple - invest into a global fund and do this consistently for decades. However, which global ETF is best? There are many to choose from and the jargon can be confusing. So, in this episode we compare 5 of the most popular global ETF options. What makes them different? Primarily the number of underlying holdings (essentially the number of stocks in the ETF) and the fees that they charge. We go through each of the ETFs and then conclude on which one (or ones) are the best for investors. This episode will be very helpful if you're a long term global fund investor. Listen to this podcast episode for the full details. Timestamps:0:00 - Intro0:58 - Why use a global fund?1:45 - Some global fund aren’t truly global?4:55 - FTSE All World - VWRP & FWRG9:02 - MSCI ACWI - SSAC & ACWI15:35 - Solactive GBS Global Markets - PACW21:35 - Which one is best?26:47 - Final thoughts-----------------------------------------More investing:📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book-----------------------------------------⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.-----------------------------------------📥 Get in touch: https://www.makingmoneysimple.co.uk/contact

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• 23 Years Old & £15,000 Invested. How To Start Investing In Your 20's - Will Gryba

  Will from @nextgenngpf joins me on this podcast episode to explain exactly how he has built his own investment portfolio from £0 to £15,000 by age 23.This includes what specific platforms to look into and what specific ETFs to consider investing into. Investing seems very complicated, which is why reason why many people never start. But it can be made very simple and very passive. Will runs us through his exact approach on how he's done that, his mistakes along the way, as well as how to plans to keep building his portfolio moving forward. If you're looking to start investing, this podcast episode will be a massive help. Timestamps:0:00 - Will’s top 3 tips for beginner investors4:51 - Investing mistakes to avoid8:28 - How can a beginner investor actually start investing?13:14 - What Will invests into in his investment portfolio20:26 - Does investing need to complicated?22:20 - Money psychology investing lessons25:25 - Investing book recommendations28:24 - Will’s future investing plans30:42 - OutroListen to this podcast episode for the full details. -----------------------------------------More investing:📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book-----------------------------------------⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.-----------------------------------------📥 Get in touch: https://www.makingmoneysimple.co.uk/contact

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• What To Look For When Selecting An Index Fund or ETF - Tom's Personal Finance

  Tom from @tom.tpf joins me on this podcast episode to go through exactly what to look for when selecting an index fund or ETF to invest in.Investing really can be made simple - invest into a global fund and do this consistently for decades. However, how can you pick a fund? What should you look for?It can get a bit technical. And in this episode we run through the nitty gritty of exactly what criteria to look for when selecting a fund.This includes the underlying holdings, tracking errors, fees, fund size (or AUM 'Assets under management), and more.On top of this, when it actually comes to then picking a fund on an investment platform and actually investing your money, there are a few more important differences.What are they? They are differences in the fund provider, how dividends are treated and currency.This episode will be a very valuable listen if you are planning to invest into funds for the long term.Timestamps:0:00 - Intro1:34 - What is an ETF?2:25 - Why is this a good way to invest?3:54 - UCITS5:11 - Underlying holdings9:38 - Fees11:39 - Domicile13:50 - Tracking Error17:09 - Fund size, bid ask spreads, liquidity20:14 - Method of replication24:13 - Fund provider26:04 - Income vs Accumulation28:45 - Currency33:16 - SummaryListen to this podcast episode for the full details. -----------------------------------------More investing:📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book-----------------------------------------⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.-----------------------------------------📥 Get in touch: https://www.makingmoneysimple.co.uk/contact

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