Making Money

To kick off the year we asked for your biggest money questions, which we're answering with financial adviser and friend of the podcast, Lisa Conway-Hughes. Lisa’s advice firm, LCH Wealth: https://lchwealth.co.uk/ You can set up a free call with Lisa via her assistant Abi: [email protected] 🎉 Sponsors British and International Franchise Exhibition - go for free: ⁠https://makingmoney.email/franchise-exhibition-london⁠ TaxZap - Do your self-assessment by Jan 31 & use code MONEY10: ⁠⁠⁠⁠⁠⁠https://makingmoney.email/taxzap⁠⁠⁠⁠⁠⁠ Vanta - Get your company secure and compliant:⁠ ⁠⁠⁠⁠⁠https://vanta.com/makingmoney⁠⁠⁠⁠ – If you purchase a product or service using one of the links above (including Lisa's firm LCH Wealth), we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00 - Franchise Exhibition ad 00:39 - Happy New Year 03:29 - House or Pension at 30 09:56 - Rent vs Buy  15:08 - Salary Sacrifice rules have changed 16:56 - TaxZap ad 18:10 - How to derisk for retirement 22:10 - Running out of money 27:22 - How to retire early 29:37 - Pensions savings at 30/40/50 33:07 - Self-employed and pensions 38:11 - Vanta ad 39:16 - Will you get a state pension? 42:12 - Tax trick for low earners 46:45 - How to stop worrying about money? 49:55 - Know your number 54:19 - Can you spend more? 59:02 - How to pay less tax in retirement 01:02:33 - Pension or ISA? 01:04:22 - Inheritance tax 01:06:20 - Where to save to pay less tax? 01:07:15  - Basic money principles

It’s our final episode of 2025! To celebrate, we’ve brought back the hat to answer your questions. What’s been our favourite episode? Which guest completely changed our mind? And would we rather fight a duck-sized bear or a bear-sized duck? Plus, watch out for an incredible reveal from T… enjoy! 📩 We want to hear more from you in 2026. If you’ve had a big financial lesson you’d like to share with us, email our producers Ruth and Emma at [email protected] 🎉Sponsors The British and International Franchise Exhibition - go for free: https://makingmoney.email/franchise-exhibition-london TaxZap - Do your tax return / self-assessment by Jan 31: ⁠⁠⁠⁠⁠https://makingmoney.email/taxzap⁠⁠⁠⁠⁠ Vanta - Get your company secure and compliant: ⁠⁠⁠⁠⁠https://vanta.com/makingmoney⁠⁠⁠⁠ – If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00 - Franchise Exhibition ad 00:39 - Our favourite episode 07:10 - Why we get along 10:35 - Vanta ad 11:39 - 2025 Proudest Moments 14:03 - 2025 Mistakes 21:08 - Long v short term 24:44 -  What we’ve changed 34:43 - TaxZap ad 36:00 - What’s changed our mind? 37:29 - Hair transplant 41:53 - What we want to do in 2026 43:22 - What if we were in charge? 49:23- Duck-sized bear or a bear-sized duck? 51:54 - 2026 market predictions 52:29 - T’s military camp experience 54:57 - 2026 resolutions

Amy is a member of the Making Money audience. Many of us have made mistakes in our investing journey but not everyone is brave enough to come on and tell us about it. This episode was first published in November 2024 If you’ve had a big financial lesson like Amy and you’d like to share it with us, email our producers Ruth and Emma at [email protected] 🎉Sponsors MoneyWeek Magazine - Try it for free: ⁠⁠⁠⁠⁠https://moneyweek.com/money⁠⁠⁠⁠⁠ TaxZap - Do your tax return / self-assessment: ⁠⁠⁠⁠⁠https://makingmoney.email/taxzap⁠⁠⁠⁠⁠ Vanta - Get your company secure and compliant: ⁠⁠⁠⁠⁠https://vanta.com/makingmoney⁠⁠⁠⁠ – If you don’t know Bill’s work here’s where I suggest you start:The Four Pillars of Investing: https://amzn.eu/d/hKCTHVJ  The Intelligent Asset Allocator (recommended by Jack Bogle himself): https://amzn.eu/d/6NKLjTu  The Investor’s Manifesto: https://amzn.eu/d/3kDgo57  – If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00 - Moneyweek ad01:07 - 15 years in an index fund 09:15 - Pulling out in a crash 17:58 - Taxzap ad 19:12 - Looking for advice online 29:25 - Stock picking 36:26 - Vanta ad  37:40 - Knowing when to sell 44:03 - Making mistakes 54:33 - How much money did Amy lose? 59:19 - Lessons

Most of us just want to know one thing: what’s the best way to invest? Decades ago, William J. Bernstein had the same question, so he decided to find out. That led him to become an early supporter of the simple, evidence-based approach: keeping costs low, diversifying widely, and not trying to beat the market. It’s basically the philosophy behind modern index investing and he shared it through several classic books, including The Four Pillars of Investing. 🎉Sponsors MoneyWeek Magazine - Try it for free: ⁠⁠⁠⁠⁠https://moneyweek.com/money⁠⁠⁠⁠⁠ TaxZap - Do your tax return / self-assessment: ⁠⁠⁠⁠⁠https://makingmoney.email/taxzap⁠⁠⁠⁠⁠ Vanta - Get your company secure and compliant: ⁠⁠⁠⁠⁠https://vanta.com/makingmoney⁠⁠⁠⁠ Odoo - Apps to run your business: ⁠⁠⁠⁠https://www.odoo.com/r/MM1⁠⁠ – If you don’t know Bill’s work here’s where I suggest you start:The Four Pillars of Investing: https://amzn.eu/d/hKCTHVJ  The Intelligent Asset Allocator (recommended by Jack Bogle himself): https://amzn.eu/d/6NKLjTu  The Investor’s Manifesto: https://amzn.eu/d/3kDgo57  – If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00 - Moneyweek Ad 01:07 - Learning How To Invest 05:07 - What To Read (And What Not To Read) 09:07 - Ignore Forecasts 12:07 - The Biggest Risk In Investing 16:59 - Vanta Ad 18:12 - Should you be in 100% Equities? 24:03 - How To Fight Inflation 29:28 - Bitcoin 32:18 - Learning From History 35:49 - TaxZap Ad 37:03 - Are Too Many People Passive? 43:50 - Don’t Invest To Get Rich 46:07 - Returns Over The Next 100 Years 49:52 - Will You Survive Retirement? 01:00:23 - Why Young People Want A Bad Stock Market

How To Own The World’ was probably the biggest influence on me getting into investing. Its author, Andrew Craig, has now released a new edition tailored for readers under 30 (https://amzn.eu/d/4QqRHdJ).  🎉Sponsors MoneyWeek Magazine - Try it for free: ⁠⁠⁠⁠⁠https://moneyweek.com/money⁠⁠⁠⁠⁠ TaxZap - Do your tax return / self-assessment: ⁠⁠⁠⁠⁠https://makingmoney.email/taxzap⁠⁠⁠⁠⁠ Vanta - Get your company secure and compliant: ⁠⁠⁠⁠⁠https://vanta.com/makingmoney⁠⁠⁠⁠ Odoo - Apps to run your business: ⁠⁠⁠⁠https://www.odoo.com/r/MM1⁠⁠ – If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00 - The Power of Compounding 06:47 - The One Rule For Investing  10:59 - Wealth And Money 16:06 - Vanta ad 17:17 - Capitalism And Prosperity 23:21 - Index Funds  31:18 - TaxZap ad 32:34 - Saving the UK Economy 43:06 - Wealth Inequality 51:13 - Wealth And Value  54:57 - Tax Wealth or Work? 58:35 - What You Should Know at 25