The Finance Geeks Podcast

Episode 013: Raising Money Smart Kids - Conquering the Financial Playground

In this episode, financial experts Warren Shute and Paul Cleworth share their experiences and practical tips to help you equip your kids with the skills to navigate the financial ups and downs of life with confidence.
Discover why financial literacy is a must-have superpower for your kids, and learn how to teach them to navigate the financial ups and downs like pros. Warren and Paul will share age-appropriate strategies and systems that make money management a fun and engaging part of growing up.
From swinging into positive money habits to balancing on the financial seesaw, this episode is packed with practical tips and geeky insights. Learn how to use allowances as teaching tools and transform the sandbox of savings into a place of empowerment.
Tune in and transform your child's financial playground into a space of confidence and future success. Get ready to geek out on money and help your kids conquer the financial playground with flying colours!
==========================
Chapters:
0:00 - Intro
8:12 - The Focal Point: Raising Money Smart Kids
47:17 - Quotes & Anecdotes
==========================
Podcast Reference Links:
HyperJar | Free Money Management App & Card
https://hyperjar.com/
Go Henry - Teaching Kids & Teens Money Skills For Life
https://www.gohenry.com/uk/
Rooster money - NatWest Rooster Money | Kids' Prepaid Debit Card and Pocket Money App
https://roostermoney.com/
Nimbl - Mastercard
https://nimbl.com/
Morgan Housel - The best financial advice I know (what I want my kids to learn)
https://open.spotify.com/episode/13uqPBWgAyT4VHRZEfMfXH?si=f6e8cdd7595143fd
==========================
Follow us our our social media channels:
Instagram:
https://www.instagram.com/thefinancegeekspodcast/
X:
https://twitter.com/TheFinanceGeeks
YouTube:
https://www.youtube.com/@thefinancegeeks
==========================
This show is designed to be informational only and does not constitute investment or financial advice. Please contact a regulated financial adviser before taking any specific action.
#pocketmoney #kidsfinance #thefinancegeeks #moneymanagementforkids #moneysmartkids #teachingkidsfinance #youthfinancialeducation #youthfinance #kidsfinancetips
 

Episode 012: Love and Money - Navigating Finances with Your Partner

This episode tackles the ultimate two-player challenge: Love and Money! We're delving into the pixelated world of couples' finances, guiding you through your financial journey together. We'll decode the secrets of managing your money together, dodge hidden traps of financial infidelity, and explore how different spending habits can affect your relationship and how to manage them.
Level up your relationship with our essential strategies. This includes planning a romantic "financial date night" to discuss budgets and goals; establishing clear spending boundaries to avoid any surprises down the road; and learning how to manage your bank accounts together without causing financial strain on your relationship.
Join us in this episode to learn how to turn your financial woes into a victory dance for your relationship!
==========================
Chapters: 0:00 - Intro
7:29 - The Focal Point: Relationships & Money
42:14 - Quotes & Anecdotes
==========================
Follow us our our social media channels:
Instagram: https://www.instagram.com/thefinancegeekspodcast/
X: https://twitter.com/TheFinanceGeeks
YouTube: https://www.youtube.com/@thefinancegeeks
==========================
This show is designed to be informational only and does not constitute investment or financial advice. Please contact a regulated financial adviser before taking any specific action.
#CouplesFinance #MoneyTalksLoveListens #LoveAndMoney #DateNightIdeas #FinancialPlanning #CoupleFinancialPlanning #GrowingTogether #FinancialInfidelity #TheFinanceGeeks #FinancialEducation #FinancialSuccess

Episode 011: Financial Wellbeing - Find Your Balance, Achieve Financial Nirvana

Join finance gurus Paul and Warren on a journey to financial nirvana! This episode tackles the essential question: what truly defines your financial wellbeing? The Finance Geeks unpack the key aspects that could help you to achieve financial peace of mind.
They'll discuss the core pillars of what financial freedom means, from getting organized and budgeting effectively to managing debt, saving for the future, and building resilience. Learn how to cultivate the right financial mindset and unlock the door to financial wellness and a life of balanced abundance.
==========================
Chapters:
0:00 - Intro
7:47 - The Focal Point: Financial Wellbeing
48:48 - Quotes & Anecdotes
==========================
Follow us our our social media channels:
Instagram: https://www.instagram.com/thefinancegeekspodcast/
X: https://twitter.com/TheFinanceGeeks
YouTube: https://www.youtube.com/@thefinancegeeks
==========================
This show is designed to be informational only and does not constitute investment or financial advice. Please contact a regulated financial adviser before taking any specific action.
#financialfreedom #financialwellbeing #financialwellness #financialnirvana #debtfreejourney #thefinancegeeks #warrenshute #paulcleworth

Episode 010: Property vs Pensions - Showdown at the Retirement Corral

Saddle up, partners, for "The Showdown at the Retirement Corral". How do you wrangle in that perfect nest egg for your golden years? We'll be bustin' broncs of confusion surrounding property and pension investments.
On one side of the corral, we've got the familiar ranch hand, Property. It's a tangible critter, offering that steady stream of rental income and the potential for growth over time. Now, mosey on over to the other side of the corral, where the Pension stands guard. This fella offers some mighty attractive tax benefits and employer contributions.
Warren and Paul will be your trusty guides on this financial trail ride, providin' the information you need to make an informed decision and ride off into a happy retirement!
==========================
Chapters: 0:00 - Intro
5:05 - The Focal Point: Property vs Pensions
==========================
Follow us our our social media channels:
Instagram: https://www.instagram.com/thefinancegeekspodcast/
X: https://twitter.com/TheFinanceGeeks
YouTube: https://www.youtube.com/@thefinancegeeks
==========================
Podcast References:
Clarkson's Farm Season 3
https://www.amazon.co.uk/Clarksons-Farm-Season-3/dp/B0CWTYDKJ7
Duke of Edinburgh Awards
https://www.dofe.org/
Property vs Pension - Frazer James
https://frazerjames.co.uk/property-vs-pension/
Pension Or Property Which Is The Better Investment - Unbiased
https://www.unbiased.co.uk/discover/pensions-retirement/starting-a-pension/pension-or-property-which-is-the-better-investment
Property or pension — which is the better investment? TEBI (evidenceinvestor.com)
https://www.evidenceinvestor.com/property-or-pension-which-is-the-better-investment/
Property or pension in retirement? Maybe blending is the answer (netwealth.com)
https://www.netwealth.com/ourviews/property-or-pension-in-retirement-maybe-blending-is-the-answer/
Pension protection - Check your money is protected - FSCS
https://www.fscs.org.uk/what-we-cover/pensions/
Tandem Talks: How are your monies protected on the platform? – Tandem Financial
https://tandemfinancial.co.uk/tandem-talks/tandem-talks-how-are-your-monies-protected-on-the-platform/
The Age of Humans: Evolutionary Perspectives on the Anthropocene
https://humanorigins.si.edu/research/age-humans-evolutionary-perspectives-anthropocene
==========================
This show is designed to be informational only and does not constitute investment or financial advice. Please contact a regulated financial adviser before taking any specific action.
#retirementplanning #propertyinvestinguk #investingstrategies #pensionplanning #financialfreedom #goldenyears #pensionposse #propertyprospectors #financiallasso #greatretirementshowdown #propertyorpension

Episode 009: 12 golden rules of investing - Paul's nerdy nuggets get decoded by Warren

In this episode of "The Finance Geeks," get ready to embark on an epic quest as Paul unveils his twelve golden rules of investing. Each rule is a powerful tool in your arsenal, meticulously honed to guide you through the treacherous dungeons of financial decision-making. But fear not, fellow adventurers, for no quest through the realm of The Finance Geeks is complete without the sage wisdom of Warren, who will be deciphering Paul's Nerdy Nuggets with his own unique insights.
Join us as we delve into the depths of financial strategy, navigating through the twists and turns of investment success like seasoned adventurers in search of legendary loot. What secrets lie within Paul's twelve rules, and how many will gain the esteemed nod of Warren? Prepare your potions and sharpen your swords as we embark on this thrilling journey through the realm of investment geekery, and discover these fabled 12 golden rules.
----------------------------------------------------------
Follow us our our social media channels:
Instagram: https://www.instagram.com/thefinancegeekspodcast/
X: https://twitter.com/TheFinanceGeeks
YouTube: https://www.youtube.com/@thefinancegeeks
----------------------------------------------------------
Podcast Reference Links:
The Royal Albert Hall
https://www.royalalberthall.com/tickets/events/2024/film-music-gala-3/
Miles Karting IG Account
https://www.instagram.com/milesaheadmotorsport
Who are Vanguard
https://www.vanguard.co.uk/professional/about-vanguard
How many Humans have ever lived?
https://www.visualcapitalist.com/cp/how-many-humans-have-ever-lived/
Tandems 12 Golden Rules of Investing https://tandemfp.sharepoint.com/sites/Tandem/Documents/Forms/AllItems.aspx?id=%2Fsites%2FTandem%2FDocuments%2FTandem%20Team%20Folder%2FCreative%20Adviser%2F41%2E%20Podcast%20notes%2F12%20Golden%20Rules%2Epdf&parent=%2Fsites%2FTandem%2FDocuments%2FTandem%20Team%20Folder%2FCreative%20Adviser%2F41%2E%20Podcast%20notes&p=true&ga=1
4000 Weeks (book) by Oliver Burkman
https://amzn.eu/d/gQIT8Ol
-----------------------------------------------------
#goldenrules #goldenrulesforsuccess #investing101 #investingstrategies #investingeducation #thefinancegeeks #financialplanning #rulesofwealth #rulesofinvesting
-----------------------------------------------------
This show is designed to be informational only and does not constitute investment or financial advice. Please contact a regulated financial adviser before taking any specific action.

Episode 008: Mastering Money with Financial Rules of Thumb

A financial heuristic is a mental shortcut you use to make financial decisions quickly and easily. These are also known as financial rules of thumb, and can guide your financial choices without requiring extensive analysis and avoiding information overload. In this episode of The Finance Geeks, we're putting these financial rules of thumb under the microscope.
We'll explore popular rules like the 50/30/20 Rule (50% Needs, 30% wants, 20% invest), the Rule of 72 (calculating investment doubling time), the 100-minus-your-age asset allocation strategy and the Pareto Principle (80/20 Rule), plus many more, revealing their strengths and limitations.
==========================
Chapters:
0:00 - Intro
8:33 - Hot Off The Press
18:40 - The Focal Point: Financial Rules of Thumb
44:07 - Two Pennies Worth
49:56 - Quotes & Anecdotes
==========================
Follow us our our social media channels:
Instagram: https://www.instagram.com/thefinancegeekspodcast/
X: https://twitter.com/TheFinanceGeeks
YouTube: https://www.youtube.com/@thefinancegeeks
==========================
Podcast Reference Links:
Everything you need to know about St George
https://www.english-heritage.org.uk/visit/inspire-me/everything-you-need-to-know-about-st-george-and-the-farleigh-hungerford-mural/
9 things you didn't know about St George
https://www.english-heritage.org.uk/visit/whats-on/st-georges-day/9-things-you-didnt-know-about-st-george/
Bitcoin Halving Event Of 2024: The Aftermat
https://www.forbes.com/uk/advisor/investing/cryptocurrency/bitcoin-halving-event-2024/
Bitcoin Will Pass $250K, Central Banks Will Jump In Before Next Halving
https://www.ibtimes.com/bitcoin-will-pass-250k-central-banks-will-jump-before-next-halving-bitwise-cio-3730541
Gold prices hit an all-time high
https://www.cnbc.com/2024/04/01/gold-prices-hit-all-time-high-what-to-know-before-investing.html
FTSE and why it is going up
https://news.sky.com/story/ftse-100-record-highs-do-not-reflect-a-recovery-for-uk-plc-heres-why-13121695
The Rule of 72: Definition, Usefulness, and How to Use It
https://www.investopedia.com/terms/r/ruleof72.asp
Budget Planning Guide
https://tandemfinancial.co.uk/wp-content/uploads/2022/05/Budget_Planning_Factsheet.pdf
The 10/10/10 Rule For Tough Decisions
https://www.fastcompany.com/3007613/10-10-10-rule-tough-decisions
Handy Money Rules of Thumb
https://www.nerdwallet.com/article/credit-cards/handy-money-rules-of-thumb-for-a-quick-financial-checkup
Financial Rules of Thumb
https://www.getrichslowly.org/financial-rules-of-thumb/
Pareto Principle (80:20 Rule)
https://en.wikipedia.org/wiki/Pareto_principle
The Obstacle is the Way (Book)
https://tandemfinancial.co.uk/book-reviews/the-obstacle-is-the-way/
The Money Plan (Book)
https://amzn.eu/d/6wwGjOe
City Mapper (App)
https://citymapper.com/?lang=en
Red Eye (Film)
https://www.itv.com/watch/red-eye/10a4437
 

Episode 007 : The "Enough" Enigma - Cracking the Code to Financial Fulfilment

Feeling like you're constantly chasing more money? In this episode of The Finance Geeks, Warren and Paul crack the code to financial fulfilment! We delve into the "Enough" Enigma, revealing why clarity is key to achieving financial peace. Learn why knowing your desired lifestyle and values is crucial, and how Maslow's Hierarchy of Needs helps define your "enough." We'll explore the concept of lifestyle inflation and strategies to avoid the "keeping up with the Joneses" trap. Join us as we equip you with strategies to unlock financial fulfilment and build a life you truly love!
==========================
Chapters: 0:00 - Intro
6:51 - Hot Off The Press
14:47 - The Focal Point: Exploring the concept of "enough"
38:50 - Two Pennies Worth
44:10 - Quotes & Anecdotes
==========================
Follow us our our social media channels:
Instagram: https://www.instagram.com/financegeekspodcast/
X: https://twitter.com/TheFinanceGeeks
YouTube: https://www.youtube.com/@thefinancegeeks
==========================
Podcast Reference Links:
Article on the Anxious generation
https://www.afterbabel.com/p/its-time-to-free-the-anxious-generation
Does winning the lottery ruin the lives of winners?
https://www.forbes.com/sites/johnjennings/2023/08/29/debunking-the-myth-the-surprising-truth-about-lottery-winners-and-life-satisfaction/?sh=648c01436ccc
Jonathan Haidt on Modern Wisdom Podcast number 766
https://open.spotify.com/episode/4JVyuByH1hq9rvB9Do6kF7?si=577bc8a74a324830
British UK ISA debacle
https://citywire.com/new-model-adviser/news/complete-nonsense-uk-isa-risks-confusing-savers-with-complexity-aj-bell/a2439784
Future Value Calculator (website)
https://www.calculatorsoup.com/calculators/financial/future-value-calculator.php
Compound Interest Calculator (website)
https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php
Oura Ring (gadget)
https://ouraring.com/
Scoop (Film)
https://www.netflix.com/gb/title/81600418
How Much is Enough? - Robert Skidelsky (book)
https://amzn.eu/d/gdf87ww
The Number - Lee Eisenberg (book)
https://amzn.eu/d/78tM6Bn
Die with Zero - Bill Perkins (book)
https://amzn.eu/d/a9w0EZS
The Beautiful Game (film)
https://youtu.be/pXWgl7pOpMM?si=GrPxCBFuMjyb6A0i
After Bable (Website)
https://www.afterbabel.com/
 

Episode 006: Your Financial Force Field - Plan for the unknown and protect yourself

Does life sometimes feel like a rogue asteroid hurtling towards your financial well-being? Don't panic! This episode equips you with the tools to build a Financial Force Field, deflecting the unexpected financial blows that can send your budget into a black hole.
We explore the importance of an emergency fund. Think of it as your personal starship's warp core reserve.
We'll also blast off into the world of Income Protection. This isn't just your average illness and injury insurance, it's your financial deflector shield against lost income. Whether you're battling a surprise space slug infestation (illness) or a malfunctioning replicator (disability), Income Protection ensures a steady stream of income to keep your financial starship afloat.
=====================
Chapters:0:00 - Intro4:03 - Hot off the press10:47 - The focal point: Planning for the unknown  (Emergency Cash, Income Protection and PMI)39:20 - Two Pennies Worth43:38 - Quotes & Anecdotes
=====================
Follow us our our social media channels: Instagram: https://www.instagram.com/financegeekspodcast/  X: https://twitter.com/TheFinanceGeeks  YouTube: https://www.youtube.com/@thefinancegeeks
=====================
Podcast Reference Links: 
ADX Karting at Rye House https://www.adxkarting.com/
ONS CPI datahttps://www.ons.gov.uk/economy/inflationandpriceindices
S&P reaching new highshttps://www.investing.com/indices/us-spx-500
S&P vs Dow vs Nasdaqhttps://www.investopedia.com/nasdaq-vs-sp500-vs-dow-5213252
Daniel Kahnemanhttps://en.wikipedia.org/wiki/Daniel_Kahneman
What is Income Protection?https://www.moneyhelper.org.uk/en/everyday-money/insurance/what-is-income-protection-insurance
The Top 10 Private Medical Insurance (PMI) Providers in the UKhttps://www.thanksben.com/blog/who-are-the-top-10-private-medical-providers-in-the-uk
Statutory Sick Pay (SSP) Overviewhttps://www.gov.uk/statutory-sick-pay 
Most commons reasons for PHI claimhttps://www.lv.com/income-protection/faq/what-are-the-most-common-types-of-claim-you-pay
Cancer statisticshttps://www.macmillan.org.uk/about-us/what-we-do/research/cancer-statistics-fact-sheet 
Difference between illness and injury insurance and proper income protectionhttps://www.legalandgeneral.com/insurance/income-protection-insurance/
Reassured Q&A and stats on income protection plus calculatorhttps://www.reassured.co.uk/income-protection/income-protection-claims/
How will your measure your life (Book)https://tandemfinancial.co.uk/book-reviews/how-will-you-measure-your-life-book-review/
Thinking Fast and Slow (Book)https://tandemfinancial.co.uk/book-reviews/thinking-fast-and-slow-by-daniel-kahneman-book-review/
Headway Book Summary(App)https://makeheadway.com/
Blinkist (Website)https://www.blinkist.com/en/home
One Life (Film)https://www.imdb.com/title/tt13097932/
George Bernard Shaw Quotehttps://www.flickr.com/photos/tandemfinancial/23818046318/in/album-72157687946672833/
Quote about Wealthhttps://www.flickr.com/photos/tandemfinancial/37412928250/in/album-72157687946672833/
Thomas Fuller Quotehttps://quotefancy.com/quote/759580/Thomas-Fuller-Health-is-not-valued-till-sickness-comes

Episode 005: Action Man vs. the Taxman - Become a tax efficient investment geek!

In the ever-present battle for financial dominance, a new challenger emerges! Forget the stock market swings and the endless ticker tape scrolls. Today's fight is against a familiar foe – the Taxman. But fear not, fellow investment geeks! Here at the Finance Geeks Podcast, we're arming you with the knowledge and strategies to become tax-efficient investing heroes. We'll delve into the intricacies of allowances, pensions, and investment accounts, showing you how to maximize your returns while minimizing your tax burden.
=====================
Chapters:
0:00 - Intro
8:22 - Hot off the press
12:31 - The focal point: Risk – how to become a tax efficient investment geek!
43:18 - Two Pennies Worth 48:52 - Quotes & Anecdotes
=====================
Follow us our our social media channels: 
Instagram: https://www.instagram.com/financegeekspodcast/  
X: https://twitter.com/TheFinanceGeeks  
YouTube: https://www.youtube.com/@thefinancegeeks
=====================
Podcast Reference Links:
Spring Budget: Workers to pay less national insurance from April https://www.moneysavingexpert.com/news/2024/03/national-insurance-cut-spring-budget-2024/
Download the FULL Spring 2024 Budgethttps://www.gov.uk/government/publications/spring-budget-2024
UK ISA consultation - GOV.UK (www.gov.uk)https://www.gov.uk/government/consultations/uk-isa-consultation
Taxation in the United Kingdomhttps://en.m.wikipedia.org/wiki/Taxation_in_the_United_Kingdom
21 Types of Tax we payhttps://www.oneaccounting.co.uk/21-types-tax-we-pay-spurious-link-beatles/
Tax-efficient ways to save or investhttps://www.moneyhelper.org.uk/en/savings/types-of-savings/isas-and-other-tax-efficient-ways-to-save-or-invest
HMRC tax receipts and National Insurance contributions for the UK (annual bulletin) https://www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk/hmrc-tax-receipts-and-national-insurance-contributions-for-the-uk-new-annual-bulletin#:~:text=HMRC%20collected%20%C2%A3788.6%20billion,for%2056%25%20of%20annual%20receipts
What is EIS, VCT or SEIS?https://www.mandg.com/wealth/adviser-services/tech-matters/investments-and-taxation/eis-vct-and-seis/eis-vct-seis
Same as Ever – Book by Morgan Houselhttps://www.amazon.co.uk/Same-Ever-Timeless-Lessons-Opportunity/dp/1804090638
The tax poem — Adam Smith Institutehttps://www.adamsmith.org/blog/miscellaneous/the-tax-poem

Episode 004: Unmasking the Mystery of Investment Risk

Have you ever wondered what lurks behind the cryptic phrase "investment risk"? It might sound like a financial boogeyman, shrouded in mystery and ready to pounce on your hard-earned cash. But fear not, as today on The Finance Geeks, we're unmasking the mystery of investment risk.
We will be putting on our metaphorical trench coats and magnifying glasses, delving into the different types of risk lurking in the investment world. We'll shed light on how these risks can impact your portfolio, but more importantly, we'll equip you with the knowledge to become a risk-savvy investor, not a risk-averse one.
Join us as we unveil the true nature of investment risk, debunk the myths, and empower you to navigate the financial landscape with confidence.
=====================
Chapters:
0:00 - Intro5:25 - Hot off the press13:16 - The focal point: Risk – What does risk mean to you? What are the main risks when investing?45:04 - Two Pennies Worth48:38 - Quotes & Anecdotes
=====================
Podcast Reference Links: 
 UK Budget and rumours of NI Cuthttps://www.bbc.co.uk/news/business-68406450 
Public Financeshttps://commonslibrary.parliament.uk/research-briefings/sn02812/
UK Govt Debt and deficithttps://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicspending/bulletins/ukgovernmentdebtanddeficitforeurostatmaast/september2023
UK National Debt https://www.economicshelp.org/blog/334/uk-economy/uk-national-debt/
Bitcoin Price Climbshttps://www.investing.com/news/cryptocurrency-news/bitcoin-rally-continues-price-climbs-above-60k-for-the-first-time-since-november-2021-432SI-3318744
SJP share price crashhttps://citywire.com/new-model-adviser/news/sjp-shares-crash-after-it-sets-aside-426m-for-advice-fee-refunds/a2437114 
Inflation figures https://www.economist.com/the-world-this-week/2024/02/15/business
Berkshire Hathaway report https://www.berkshirehathaway.com/ 
What is RISK? https://en.wikipedia.org/wiki/Risk
What is risk? Dictionary definition. https://www.merriam-webster.com/dictionary/risk 
Systemic vs Systematic risk https://efinancemanagement.com/investment-decisions/systemic-vs-systematic-risk
Unsystematic risk/ Idiosyncratic risk https://www.investopedia.com/terms/u/unsystematicrisk.asp
Risk vs Volatility https://www.forbes.com/uk/advisor/investing/risk-vs-volatility-whats-the-difference/
5 commons myths about investment risk https://tandemfinancial.co.uk/tandem-thinking/investment-risk-5-common-myths-and-misconceptions/
Dashlane (App)https://www.dashlane.com/
HMRC Apphttps://www.gov.uk/guidance/download-the-hmrc-app
The Gentlemen (TV Series)https://www.netflix.com/gb/title/81437051
The Strangerhttps://www.netflix.com/gb/title/81001209 
Dumb Moneyhttps://www.amazon.co.uk/Dumb-Money-Paul-Dano/dp/B0CLVTHKMM 
Mark Zuckerberg quote on risk https://twitter.com/HRquote/status/907109359133630465/photo/1
Warren Buffet quote on risk https://www.azquotes.com/quotes/topics/risk-management.html
Maharishi quote https://thomknoles.com/podcast/knowledge-structured-consciousness/
Warren Buffett quotes https://www.investopedia.com/financial-edge/0511/the-top-17-investing-quotes-of-all-time.aspx