Making Money

Ask anyone who the world’s best investor is, chances are, they’ll say Warren Buffett. Every move he makes makes headlines. Together with Charlie Munger, he built Berkshire Hathaway, one of the biggest names in the S&P 500. Now that he’s stepped down as CEO, we’ve invited Glen Arnold, who literally wrote the book, in fact, all four books of The Deals of Warren Buffett.

🎉Sponsors

The British and International Franchise Exhibition - go for free: https://makingmoney.email/franchise-exhibition-london

TaxZap - Do your tax return / self-assessment: ⁠⁠⁠⁠⁠https://makingmoney.email/taxzap⁠⁠⁠⁠⁠

Vanta - Get your company secure and compliant: ⁠⁠⁠⁠⁠https://vanta.com/makingmoney⁠⁠⁠⁠

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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

00:40 - His First Investment

04:44 - 3 Rules

09:45 - High Reward But Low Risk

13:00 - Taxzap ad

14:15 - Charlie Munger

20:39 - Circle of Competence

26:02 - Vanta ad

27:09 - Diversification

31:45 - His Biggest Mistake?

40:13 - Barrier To Entry

46:40 - Warren Buffett’s Failure

52:11 - A Fragile Ego?

57:36 - How Would He Invest Now?

01:01:49 - Who Is The Greatest Investor?

Ben Felix has one of the few personal finance channels I watch. Chief Investment Officer at PWL Capital, he also co-hosts  the Rational Reminder podcast. We discuss the finance ‘rules’ to avoid,  why human behavior makes us bad investors, and the questions you need to ask if you want your money to support a better life. Ben also opens up about his cancer diagnosis earlier this year and how it’s changed his perspective.

🎉Sponsors

The British and International Franchise Exhibition - go for free: https://makingmoney.email/franchise-exhibition-london

TaxZap - Do your tax return / self-assessment: ⁠⁠⁠⁠⁠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.

Here are the papers referenced:


Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice Anarkulova, Aizhan and Cederburg, Scott and O'Doherty, Michael S. 


Finding and Funding a Good Life - Ben Felix

Ben’s channel: https://www.youtube.com/c/BenFelixCSIRational Reminder podcast: https://www.youtube.com/c/RATIONALREMINDER

Chapters:

00:00 - Franchise Exhibition ad

00:39 - Why finance?

06:29 - Home bias

13:42 - Vanta ad

14:47 - Are you over-exposed?

17:19 - Low US returns coming?

23:06 - 4% rule 

27:09 - TaxZap ad

28:23 - Rational investing?

35:00 - Investment approach

38::45 - Money and happiness

41:24 - Funding a good retirement

45:25 - Trade-offs

50:03 - When you shouldn’t save

54:52 - Cancer diagnosis

01:09:09 - Best investment advice

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.

This is Lisa’s advice firm LCH/WEALTH: https://lchwealth.co.uk
Set up a Financial Diagnosis Session with Lisa via her assistant Abi: [email protected]

Correction: At 5:06 Lisa misspoke and said Tom would need 12-24k for 3-6 months of expenses as an emergency fund. She meant to say 6-12k (as in her example he'd have 2k expenses per month).

🎉 Sponsors

Franchise Exhibition - go for free: ⁠⁠⁠⁠https://www.franchiseinfo.co.uk/franchise-exhibitions/the-british-international-franchise-exhibition/⁠⁠⁠⁠

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

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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

Franchise Exhibition - go for free: ⁠⁠⁠⁠https://www.franchiseinfo.co.uk/franchise-exhibitions/the-british-international-franchise-exhibition/⁠⁠⁠⁠

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, 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

Franchise Exhibition - go for free: ⁠⁠⁠⁠https://www.franchiseinfo.co.uk/franchise-exhibitions/the-british-international-franchise-exhibition/⁠⁠⁠⁠

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

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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