The Savvy Wallet Podcast

Joining us in the booth this week is Financial Psychotherapist, Vicky Reynal, who is also author of the book: "Money On Your Mind:The Psychology Behind Your Financial Habits" In this episode we discuss: - How our relationship with money is formed - The reason we have strong emotions for money - How lack of financial literacy impacts your financial wellbeing - Why people self-sabotage with money - How to navigate societal pressure to spend big during the Christmas period - Tips for form new money habits and much more! 🔗 Connect with Vicky: Linkedin - https://www.linkedin.com/in/vicky-reynal-4070ba133 Instagram - https://www.instagram.com/vickyreynalpsychotherapy 📩 Sign up to my mailing list to be the first to know about upcoming events: http://eepurl.com/hJEcLL ➡️ Follow Savvy Wallet on: Instagram: https://www.instagram.com/savvywallet TikTok: https://www.tiktok.com/@savvywallet Check out our partner who is offering an Instant Savings Account Earning 4.07% AER Variable for your Business: Tide - https://tide.onelink.me/IS48/SavvyWallet T&Cs Apply. Check out our partners who offer Stocks and Shares ISA and more: ⚡️Trading 212⚡️ (The investing platform I use) Get a FREE fractional share worth up to £100 when you open an ISA or invest account and deposit at least £1, using my link: https://www.trading212.com/join/SAVVY If you don't get the free share automatically after depositing £1. Use the code "SAVVY" in the promo code box. You can use this code for up to 10 days after opening the account. When investing, your capital is at risk. Tax treatment depends on your individual circumstances and regulations which may change. Other fees may apply. ⚡️Hargreaves Lansdown ⚡️ http://hl.7eer.net/B0mz50 Capital at risk ⚡️Interactive Investor ⚡️ https://prf.hn/click/camref:1101l3RTLM/ar:SW Capital at risk Learn AI, Cybersecurity, Project Management, Data Science & more with the education platform that I use: 📚Coursera https://imp.i384100.net/savvywallet Some of the links are affiliate links which means that we will receive a small commission if you make a purchase, however there will be no additional charge to you. TIMESTAMPS 00:00 - Savvy Wallet Ad 00:18 - Preview 01:25 - Intro 02:01 - Meet Financial Psychotherapist Vicky Reynal  06:02 - How Vicky became the person she is today 08:44 - Suffering in silence with money 09:52 - How is our relationship with money is developed 14:01 - Why do we have such strong emotions for money? 16:08 - What does a good level of financial wellbeing look like? 18:28 - How lack of financial literacy impacts your financial wellbeing 20:40 - How a positive or negative financial wellbeing impacts you  21:45 - How to figure out how you feel about money 24:31 - How to develop better financial wellbeing  26:53 - Why we self sabotage with money 31:45 - The balance of a saver and a spender  33:57 - The impact of being a people pleaser with money 38:13 - Why some people feel like they constantly don’t have enough money 40:45 - A negative feeling isn’t always a bad financial choice!  41:51 - Why people feel guilty about spending 45:10 - The gamblers mindset explained 49:16 - How to get out of the gamblers mindset  52:55 - How does tension with money with couples happen! 55:38 - Arguments about money not really about money! 01:01:18 - How to talk to people about money? 01:04:28 - How to manage the societal pressure to spend at Christmas 01:09:22 - How are money habits formed? 01:12:58 - Tips to form new habits in the new year 01:15:01 - What to expect from the money on your mind book! 01:19:59 - Final words Learn more about your ad choices. Visit megaphone.fm/adchoices

Joining us in the booth this week is Oye, founder of The Real Debt Guy and has worked in the subject of UK debt for 18 years. In this episode we discuss: - How the UK debt system really works - What will happen if you communicate or don't communicate with the lender - Actions the lender can take to recover the debt - How to manage negative feelings towards debt - The impact of your spend circle - How the debt buying business works - How to leverage the UK debt system - How to escape the UK debt cycle and much more *CORRECTION* At 42:33 - Oye said "non-priority" he meant to say "priority" 🔗 Connect with Oye: Website: https://www.therealdebtguy.com Youtube: https://www.youtube.com/@Oye_TheRealDebtGuy 📩 Sign up to my mailing list to be the first to know about upcoming events: http://eepurl.com/hJEcLL ➡️ Follow Savvy Wallet on: Instagram: https://www.instagram.com/savvywallet TikTok: https://www.tiktok.com/@savvywallet Check out our partner who is offering an Instant Savings Account Earning 4.07% AER Variable for your Business: Tide - https://tide.onelink.me/IS48/SavvyWallet T&Cs Apply. Check out our partners who offer Stocks and Shares ISA and more: ⚡️Trading 212⚡️ (The investing platform I use) Get a FREE fractional share worth up to £100 when you open an ISA or invest account and deposit at least £1, using my link: https://www.trading212.com/join/SAVVY If you don't get the free share automatically after depositing £1. Use the code "SAVVY" in the promo code box. You can use this code for up to 10 days after opening the account. When investing, your capital is at risk. Tax treatment depends on your individual circumstances and regulations which may change. Other fees may apply. ⚡️Hargreaves Lansdown ⚡️ http://hl.7eer.net/B0mz50 Capital at risk ⚡️Interactive Investor ⚡️ https://prf.hn/click/camref:1101l3RTLM/ar:SW Capital at risk Learn AI, Cybersecurity, Project Management, Data Science & more with the education platform that I use: 📚Coursera https://imp.i384100.net/savvywallet Some of the links are affiliate links which means that we will receive a small commission if you make a purchase, however there will be no additional charge to you. TIMESTAMPS 00:00 - Savvy Wallet Ad 00:18 - Preview 01:41 - Intro 02:17 - Meet debt expert Oye 07:51 - How does the debt system work?  12:31 - Relationship between the lender and the borrower 16:31 - Getting into the Debt cycle from university 22:11 - The impact on credit report for not paying credit repayments  25:19 - What happens if you can’t pay your debts?  31:31 - Fight the fear and open that debt letter! 33:51 - Do this if you’re struggling with your mortgage?  35:57 - What actions can a lender take to recover their money?  40:42 - What happens if you communicate with your lender? 43:17 - What protection do borrowers have? 45:46 - How does it get to the stage to Bailiffs  50:55 - How does buying and selling debt work?  58:51 - Why you should avoid bankruptcy! 01:02:12 - Why people feel negatively about debt  01:06:26 - How to manage feelings towards debt?  01:13:47 -How to navigate pressure to spend?  01:17:39 - Good debt vs bad debt  01:19:42 - How to leverage the debt system for your benefit?  01:20:40 - Steps to get out of the debt cycle  01:24:15 - Pitfalls to prevent you from getting into debt  01:27:11 - How The Real Debt Guy can help you 01:29:37 - Final words The information contained on this video is not intended as, and shall not be understood or construed as, financial advice. I am not a financial advisor and the information in this video is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Joining us in the booth is investing and finance expert Ryan King, who has built an investment portfolio worth over £100,000+ in 7 years. In this episode we discuss: Why becoming a millionaire is ‘simple’ How Ryan built a £100,000 investment portfolio in 7 years The one investment that will make Ryan a Millionaire How compound interest can help you build serious wealth How to deal with fear in the stock market Investing in Bitcoin and the future of crypto 3 step blueprint to invest today and much more 🔗 Connect with Ryan: Instagram: https://www.instagram.com/makingmoneysimple Youtube: https://www.youtube.com/@MakingMoneySimple 📚Grab a copy of Ryan's book " Stop Waiting, Start Investing": https://amzn.to/4i7YBnr 📩 Sign up to my mailing list to be the first to know about upcoming events: http://eepurl.com/hJEcLL ➡️ Follow Savvy Wallet on: Instagram: https://www.instagram.com/savvywallet TikTok: https://www.tiktok.com/@savvywallet Check out our partners who offer Stocks and Shares ISA and more: ⚡️Trading 212⚡️ (This is Ato's investing platform of choice) Get a FREE fractional share worth up to £100 when you open an ISA or invest account and deposit at least £1, using my link: https://www.trading212.com/join/SAVVY If you don't get the free share automatically after depositing £1. Use the code "SAVVY" in the promo code box. You can use this code for up to 10 days after opening the account. When investing, your capital is at risk. Tax treatment depends on your individual circumstances and regulations which may change. Other fees may apply. ⚡️Hargreaves Lansdown ⚡️ http://hl.7eer.net/B0mz50 Capital at risk ⚡️Interactive Investor ⚡️ https://prf.hn/click/camref:1101l3RTLM/ar:SW Capital at risk Some of the links are affiliate links which means that we will receive a small commission if you make a purchase, however there will be no additional charge to you. Check out our partner who is offering an Instant Savings Account Earning 4.07% AER Variable for your Business: Tide - https://tide.onelink.me/IS48/SavvyWallet T&Cs Apply. TIMESTAMPS 00:00 - Savvy Wallet Ad 00:18 - Preview 01:23 - Intro 01:59 - Meet investing expert and finance author Ryan King  04:19 - Lessons learnt living in Australia 09:52 - What Ryan’s invested in and the value of his investment portfolio 15:02 - How do you actually make money from investing?  19:49 - How much Ryan started investing with  24:11 - The current amount Ryan invests in monthly 30:56 - The real reason why people can’t retire 36:00 - Becoming a millionaire is easy?! 39:31 - Why you should stop waiting and start investing  44:18 - How to figure out what to invest in  51:39 - The cons of investing in global index funds  57:04 - How to deal with fear in the stock market  01:01:33 - How to stay patient with investing  01:09:57 - Biggest lessons learnt from investing  01:11:39 - The exact blueprint to invest today 01:17:44 - The importance of automating your investments  01:19:29 - How to minimise your investment fees  01:21:47 - Bitcoin going to $100,000 and the future of crypto 01:30:01- What to expect from The Stop Waiting Start Investing Book 01:34:34 - Final words Learn more about your ad choices. Visit megaphone.fm/adchoices

Joining us in the booth this week is Wealth Manager and Financial planner, Natasha Percy-Baxter. In this episode we discuss: A wealth manager’s perspective on money Being Rich vs being wealthy Pitfalls of trying to be rich Tools to build wealth The state pension crisis How money causes breakdown in a relationship Financial red flags in relationships Couples and families building wealth together and much more 🔗 Connect with Natasha: Instagram: https://www.instagram.com/percybaxter_wealth_management Website: https://partnership.sjp.co.uk/partner/percybaxter 📩 Sign up to my mailing list to be the first to know about upcoming events: http://eepurl.com/hJEcLL Sponsor Tide - Get an Instant Savings Account Earning 4.07% AER Variable for your Business: https://tide.onelink.me/IS48/SavvyWallet T&C's apply. ➡️ Follow Savvy Wallet on: Instagram: https://www.instagram.com/savvywallet TikTok: https://www.tiktok.com/@savvywallet Check out our partners who offer Stocks and Shares ISA and more: ⚡️Trading 212⚡️(This is Ato's investing platform of choice) Get a FREE fractional share worth up to £100 when you open an ISA or invest account and deposit at least £1, using my link: https://www.trading212.com/join/SAVVY If you don't get the free share automatically after depositing £1. Use the code "SAVVY" in the promo code box. You can use this code for up to 10 days after opening the account. When investing, your capital is at risk. Tax treatment depends on your individual circumstances and regulations which may change. Other fees may apply. ⚡️Hargreaves Lansdown ⚡️ http://hl.7eer.net/B0mz50 Capital at risk ⚡️Interactive Investor ⚡️ https://prf.hn/click/camref:1101l3RTLM/ar:SW Capital at risk Some of the links are affiliate links which means that we will receive a small commission if you make a purchase, however there will be no additional charge to you. TIMESTAMPS 00:00 - Savvy Wallet Ad 00:18 - Preview 01:30 - Intro 02:05 - Meet Wealth Manager Natasha  05:52 - Tide ad 07:09 - Growing up in Chelsea 11:07 - Natasha’s path to wealth management 18:22 - The life of a wealth manager  22:49 - Money insights from a wealth manager 25:01 - What is the big difference being “rich” and being “wealthy”  29:56 - Pitfalls of trying to appear rich! 33:08 - The steps to wealth 37:06 - Tools to help you build wealth ? 43:22 - How money causes breakdown in a relationship 48:38 - How transparent should you be with money in your relationship? 53:02 - Key questions couples need to ask themselves  57:52 - What will happen if you don’t talk about money in your relationship  01:01:42 - Other Financial red flags 01:03:45 Couples managing their finances 01:11:49 - What it’s like working with financial advisors 01:17:03 - Can a couple hire a financial advisor? 01:18:31 - How to build wealth together ? 01:21:32 - Final words Learn more about your ad choices. Visit megaphone.fm/adchoices