The Savvy Wallet Podcast

• EP. 156 - UK Mortgage Advisor: The Ultimate Guide To Getting A Mortgage In 2025! ft. Dan Knott

  In this episode we have UK Mortgage Advisor, Dan Knott who has helped hundreds of first time buyers secure their first mortgages. In this episode we discuss: - How credit impacts your mortgage options - Whether you can use stocks, crypto, pensions, side hustle income for a mortgage - Getting a mortgage as a self-employed person - What to do if you're a struggling landlord - What to do if you're remortgage is coming up - Stamp duty changes and more 🔗 Connect with Dan: https://www.instagram.com/dandoesmortgages_ https://www.linkedin.com/in/dan-knott-1740b31b0 📩 Sign up to my mailing list to be the first to know about upcoming events: http://eepurl.com/hJEcLL 🤝Sponsor Tide - Earn 4.07% AER Variable on your business savings here: https://tide.co/offers/savvywalletq1 You'll get a free £100 when you use the code ‘SAVVYWALLETQ1’ and fund the Instant Savings Account with £5,000 within the first 30 days. Ts&C's apply. New members receive a 0.78% AER boost on the standard 3.29% until 01/06/25 after which the rate reverts to 3.29% (with no interest on balances over £75,000). Terms apply. Visit https://tide.co/terms/savvywalletq1-tnc Rate correct as of 06/02/24. ➡️ Follow Savvy Wallet on: Instagram: https://www.instagram.com/savvywallet TikTok: https://www.tiktok.com/@savvywallet 🤝Partners Yesim - Get €5 off any plan with my code "savvy5" https://bit.ly/41OAO6i 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 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 01:23 - Intro 01:59 - Meet Mortgage Advisor Dan Knott  05:33 - The amount of first time buyers in 2024 vs 2023  07:52 - House prices in 1997 was 5x salary 10:07 - Tide Ad 11:41 - Labour’s pledge to build 1.5 million homes 12:57 - Things you should think about prior to getting a Mortgage  15:08 - How your credit score & report impacts mortgage options 20:05 - The impact of a missed payment, default or CCJ 22:57 - Buy Now Pay Later & Mortgages 28:52 - How to improve your credit score  29:45 - What other information is important for a mortgage? 31:44 - How much mortgage can you get with your income?  38:40 - Using crypto, stocks, pensions or property for a mortgage 43:35 - Can side hustle income be used for a mortgage? 45:47 - Any income or deposit sources a lender wouldn’t consider? 48:34 - How do lenders determine affordability?  52:10 - Can car finance stop you getting a property?  56:15 - How is the term length of a mortgage determined? 01:01:09 - Getting a mortgage as a Self-employed person 01:04:34 - Don’t attempt Mortgage fraud 01:06:38 - If you start a new job can you get a mortgage?  01:08:29 - Does business experience impact your mortgage offer?  01:09:29 - How a mortgage advisor can help you to get the best interest rate 01:13:39 - What to do if you’re struggling landlord 01:15:24 - What to do if your remortgage is coming up? 01:20:38 - Stamp duty changes 01:25:23 - Fixed mortgages: 2 year vs 5 year 01:26:55 - How to choose the right mortgage advisor  01:28:16 - Final words Learn more about your ad choices. Visit megaphone.fm/adchoices

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• EP. 155 - Expert Investor: ‘I Wish I Did This Sooner’—The Only 2 Investments You Need to Build Wealth & Get Rich! ft. Ramin Nakisa (Pensioncraft)

  In this week's episode we have the founder of PensionCraft, Ramin Nakisa, who also was a strategist for 12 years at a Swiss investment bank. In this episode we discuss: - 2 Investments To Build and Grow Your Wealth In 2025 - Lessons from 15 Years in Investment Banking - How Investment Banks Make Money - The Psychology of Investing - Steps to make your first investment today - ETFs vs Index Funds - Should You Invest In Global Index Funds and much more *CORRECTION: I said at 1:07:06 that 3% of the population have a stocks and shares isa it's approximately about 6%. Apologies for that error 🔗 Connect with Ramin: https://www.youtube.com/@Pensioncraft https://pensioncraft.com 📩 Sign up to my mailing list to be the first to know about upcoming events: http://eepurl.com/hJEcLL 🤝Sponsors Yesim - Get €5 off any plan with my code "savvy5" https://bit.ly/41OAO6i Tide - Earn 4.07% AER Variable on your business savings here: https://tide.co/offers/savvywalletq1 You'll get a free £100 when you use the code ‘SAVVYWALLETQ1’ and fund the Instant Savings Account with £5,000 within the first 30 days. Ts&C's apply. New members receive a 0.78% AER boost on the standard 3.29% until 01/06/25 after which the rate reverts to 3.29% (with no interest on balances over £75,000). Terms apply. Visit https://tide.co/terms/savvywalletq1-tnc Rate correct as of 06/02/24. ➡️ 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⚡️(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. TIMESTAMPS 00:00 - Preview 01:11 - Intro 01:47 - Meet Investing Expert & PensionCraft Founder Ramin Nakisa 05:41 - Working in a Swiss investment bank  08:40 - Yesim Ad 10:12 - How do investment banks make their money? 15:23 - How the investment banking industry impacts you 17:23 - Sophisticated investors don’t have complex investment portfolios 18:20 - 15 years of lessons in investment banking  21:01 - Tide Ad 24:21 - Even if you don’t borrow, interest rates affects you!  25:50 - What really is investing?  27:54 - What is risk free premium? 31:06 - What is an equity? 32:35 - How is a bond different to an equity? 36:54 - Why is it important to invest ? 37:22 - This is the first step to investing 42:34 - When is the right time to sell your investments?  45:52 - The psychology of investing 50:42 - How to overcome the fear of the stock market crashing  56:21 - You need to work out your risk capacity & risk appetite  58:30 - How to be a more disciplined investor 01:01:17 - How to overcome the fear of investing? 01:02:32 - Steps to make your first investment today?  01:08:00 - Make your child a Pension Millionaire 01:09:27 - The 4% rule  01:11:10 - You only need 3 investments! 01:12:57 - Pitfalls for newer investors to avoid!  01:14:41 - How to figure out what global fund to go for? 01:20:03 - Should you still invest in global index funds? 01:24:02 - Why is it so hard to beat the stock market? 01:30:44 - The benefits of investing in a global index fund  01:34:22 - Risks to investing?  01:35:27 - Key lessons from investing and working an investment banking  01:37:12 - Why I invested in crypto  01:40:36 - How Pension craft helps you 01:43:10 - Final words Learn more about your ad choices. Visit megaphone.fm/adchoices

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• EP. 154 - £1.3M Entrepreneur: The Raw Truth About Building a Multi-Million Business From Nothing! ft. Gbemi Okunlola

  Joining us in the booth this week is Gbemi Okunlola, founder of Alonuko, a leading luxury bridal brand featured in Vogue, Bridges, Insider and more! In this episode we discuss: - Key principles learnt from her parents - Why she turned down 2 university offers to start her business - How she started Alonuko at 20 by accident! - Saving £15,000 & raising £15,000 to launch her first wedding collection - The steps it took to build her multi-million luxury brand - Vision for Alonuko and much more 🔗 Connect with Gbemi: https://www.instagram.com/alonuko_bridal https://www.instagram.com/gbemiokunlola 📩 Sign up to my mailing list to be the first to know about upcoming events: http://eepurl.com/hJEcLL 🤝Sponsor: Yesim - https://bit.ly/41OAO6i Get €5 off any plan with my code "savvy5" ➡️ Follow Savvy Wallet on: Instagram: https://www.instagram.com/savvywallet TikTok: https://www.tiktok.com/@savvywallet 🤝Partners Tide - Earn 4.07% AER Variable on your business savings here: https://tide.co/offers/savvywalletq1 You'll get a free £100 when you use the code ‘SAVVYWALLETQ1’ and fund the Instant Savings Account with £5,000 within the first 30 days. Ts&C's apply. New members receive a 0.78% AER boost on the standard 3.29% until 01/06/25 after which the rate reverts to 3.29% (with no interest on balances over £75,000). Terms apply. Visit https://tide.co/terms/savvywalletq1-tnc Rate correct as of 06/02/24. 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 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 - Preview 01:13 - Intro 01:48 - Meet Alonuko founder Gbemi 05:51 - Yesim Ad 07:21 - Growing up, I thought my family was rich! 12:53 - Principles my parents taught me 19:16 - I taught myself sewing at 11! 24:04 - My first time selling clothes 26:59 - Why I turned down 2 university offers 31:15 - Telling my parents I’m not going to uni 33:45 - I started luxury brand Alonuko at 20 by accident! 43:12 - Making wedding dresses made me feel more purposeful 44:25 - Deciding to make my first wedding collection 46:47 - Why the name Alonuko 47:17 - I saved £15,000 from my first business to start Alonuko 48:18 - I raised another £15,000 to launch my first wedding collection 55:53 - Alonuko’s first year of business made this 57:29 - I worked from 7am-12am every weekday for a year to grow my business 01:01:39 - How my business went from £20,000 to £1.3 million 01:09:15 - This is why companies can fail early on! 01:11:42 - What differentiates Alonuko? 01:18:23 - How Alonuko manages high level of expectations as a luxury brand 01:26:07 - Danielle Brooks buying a wedding dress from Alonuko 01:32:49 - How I’ve made an impact to Alonuko 01:37:15 - Biggest entrepreneurship challenges I had to overcome 01:44:17 - My team are everything to me! 01:45:15 - My vision for Alonuko 01:15:49 - Final words Learn more about your ad choices. Visit megaphone.fm/adchoices

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• About The Savvy Wallet Podcast

  The Savvy Wallet Podcast will be on a short break and will return on the 13th January 2025. Learn more about your ad choices. Visit megaphone.fm/adchoices

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• EP. 153 - Money Experts: Copy This Hack To Save More Money In 2025! Raising Kids In The UK Costs £223k! ft. Elisabeth & Nitika

  Joining us in the booth this week are Elisabeth and Nitika who are the co-founders of Alia Money which is a fintech company on a mission to close the wealth gap. In this episode we discuss: Why you need to define your life and money goals The cost of your life goals and how it will determine your financial/money goals A simple way to break down your money goals Why 80% of people ditch their financial goals in the New Year How to put systems in place to achieve your goals and so much more! 🔗 Connect with Elisabeth and Nitika: Instagram - https://www.instagram.com/ailamoney 📩 Sign up to my mailing list to be the first to know about upcoming events: http://eepurl.com/hJEcLL 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 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. 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. ➡️ Follow Savvy Wallet on: Instagram: https://www.instagram.com/savvywallet TikTok: https://www.tiktok.com/@savvywallet TIMESTAMPS 00:00 - Preview 00:53 - Intro 01:29 - Meet Money Experts: Elisabeth & Nitika 05:14 - Gender wealth gap is over 7 generations 13:44 - What is a life goal & why is it important? 17:47 - How to define your life goals? 21:16 - Why you need to know the cost of your life goals?  23:15 - We find it hard to think about our future selves  26:58 - How to have the life goals conversation with your partner  30:27 - Emotions people have with life goals  34:00 - A simple way to break down your life/financial goals in 2025  42:19 - How to talk to your friends and family about money? 46:25 - Do this if someone opens up to you about money! 47:25 - How your life goals translate to a financial plan 50:26 - Life goals vs financial goals 51:32 - 80% of people ditch their financial goals 56:18 - Reframe your expectations & money habits!  01:01:35 - Systems you can use to help you achieve your goals 01:05:17 - Save your pay rise for your future self! 01:07:56 - Impact of the pension enrolment scheme 01:10:27 - How to spend less! 01:15:51 -How Elisabeth and Nitika improved their behaviour with money  01:19:15 -Behavioural science and money!  01:23:32 - How Aila money can help you  01:27:48 - Final words Learn more about your ad choices. Visit megaphone.fm/adchoices

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