The Finance Geeks Podcast

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.
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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
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Follow us our our social media channels: Instagram: https://www.instagram.com/financegeekspodcast/  X: https://twitter.com/TheFinanceGeeks  YouTube: https://www.youtube.com/@thefinancegeeks
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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.
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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
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Follow us our our social media channels: 
Instagram: https://www.instagram.com/financegeekspodcast/  
X: https://twitter.com/TheFinanceGeeks  
YouTube: https://www.youtube.com/@thefinancegeeks
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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.
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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
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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  

Episode 003: Level Up Your Finances - Mastering the Art of Budgeting and Cash Flow

Calling all financial adventurers! Get ready to slay the debt dragon and conquer your financial fortress with Paul Cleworth and Warren Shute. Join us on this epic quest to master the art of saving and avoiding the traps of impulsive spending.
We'll uncover the secret formula for success (no magic potions needed!), exploring the legendary 50/30/20 rule and the hidden treasures of Compound Interest.
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Chapters:
0:00 - Intro9:09 - Hot off the press16:40 - The focal point: How much could you save? budgeting, cashflow and getting the balance right59:46 - Two Pennies Worth1:10:46 - Quotes & Anecdotes
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Podcast Reference Links: 
Uk Fell into recessionhttps://www.bbc.co.uk/news/live/business-68297420
Red Sea Crisishttps://www.bbc.co.uk/news/uk-england-hampshire-68294622
Steve Wrighthttps://www.bbc.co.uk/news/entertainment-arts-68292724
Finance Act 2023https://www.legislation.gov.uk/ukpga/2023/1
Budget March 2024https://www.bbc.co.uk/news/uk-politics-68159003
The Calculator Sitehttps://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php
Budget Planning PDFhttps://tandemfinancial.co.uk/wp-content/uploads/2022/05/Budget_Planning_Factsheet.pdf
EOY Tax Guidehttps://www.dropbox.com/scl/fi/vbf2cirq8aj42kibe65j2/Tandem-Tax-Guide-2024_01.pdf?rlkey=hqu88aw7tjl607lfhv7d12v6y&dl=0
Use this Spreadsheet for cashflow and BTLshttps://tandemfinancial.co.uk/wp-content/uploads/2022/05/CashFlow__BTL_Spreadsheet.xlsx
Pay Yourself First!https://www.investopedia.com/terms/p/payyourselffirst.asp
Article on Time, Money and Health.https://tandemfinancial.co.uk/tandem-thinking/time-money-and-health-achieving-balance-at-each-life-stage/
Article on Investment Risk, Myths and misconceptions. Differences between Saving and Investing.https://tandemfinancial.co.uk/tandem-thinking/investment-risk-5-common-myths-and-misconceptions/
The 50/30/20 Budget Rule https://www.investopedia.com/ask/answers/022916/what-502030-budget-rule.asp
Park Runhttps://www.parkrun.org.uk/
Josh & Gabby Buttenhttps://www.boosst.financial/
Brett Davidsonhttps://fpadvance.com/
The Money Plan (Book)https://www.amazon.co.uk/Money-Plan-Warren-Shute/
The Number (Book)https://amzn.eu/d/eSlu3V7
Die With Zero (Book)https://amzn.eu/d/eSlu3V7
Lumi Light (Gadget)https://amzn.eu/d/gMttENn
Lumi Alarm (Gadget)https://amzn.eu/d/9lJXqvN
Build Your Stax (App)https://buildyourstax.com/
Blackberry (Film)https://www.blackberrymovie.com/
Feel Good Productivity (Audiobook)https://amzn.eu/d/hvdyNuc
Ali Abdaal’s websitehttps://www.feelgoodproductivity.com/
Curve (App)https://curve.com/en-gb/how-it-works
 

Episode 002: Secrets to a Happy Life - The Ultimate Investment

In this episode, the Geeks ditch the spreadsheets and dive into the ultimate investment - happiness (with dividends that reach every corner of your life). Discover the secrets to unlocking happiness that's bigger, brighter, and more fulfilling than any fleeting financial gain.
So, let's get happy and let's show the world that true happiness is built on more than just numbers – it's built on a foundation of laughter, love, and living life to the fullest!
 
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Chapters:
0:00 - Intro1:43 - what have you been up to?7:13 - Hot off the press14:52 - The focal point: Secrets to a Happy Life45:52 - Two Pennies Worth56:43 - Quotes & Anecdotes
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Podcast Reference Links:
Medical Wellness Checking (website)https://www.medichecks.com/
Bank of England holds interest rates at 5.25%https://www.bbc.co.uk/news/live/business-68164004
What are UK interest rates and when will they fall?https://www.bbc.co.uk/news/business-57764601
Key financial dates for 2024https://www.thetimes.co.uk/money-mentor/income-budgeting/key-financial-dates-to-look-out-for-in-2024
This will be the biggest tax-raising parliament on recordhttps://ifs.org.uk/articles/will-be-biggest-tax-raising-parliament-record#:~:text=At%20the%20time%20of%20the,in%20the%20post%2Dwar%20period.
Total public sector net debt in the United Kingdom from 2000/01 to 2028/29https://www.statista.com/statistics/282647/government-debt-uk/
Public Finances: Key Economic Indicatorshttps://commonslibrary.parliament.uk/research-briefings/sn02812/
How Much of Your Happiness Is Under Your Controlhttps://greatergood.berkeley.edu/article/item/how_much_of_your_happiness_is_under_your_control
What does science have to do with happiness?https://www.betterhelp.com/advice/psychologists/sonja-lyubomirsky-what-does-science-have-to-do-with-happiness/
Griselda (Netflx Series)https://www.netflix.com/gb/title/81133447
Blackberry (Film)https://www.imdb.com/title/tt21867434/
Elon Musk by Walter Isaacson (Book)https://www.amazon.co.uk/Elon-Musk-Walter-Isaacson/dp/1398527491
Sit-Stand Desktop Workstationhttps://www.dell.com/en-uk/shop/ergotron-workfit-tl-sit-stand-desktop-workstation-black-with-grey-surface/apd/a8638607/monitors-monitor-accessories
Countdown (App)https://apps.apple.com/us/app/countdown/id1403367428
Albert Schweitzer quote on happiness:https://www.flickr.com/photos/tandemfinancial/37412929710/in/album-72157687946672833/
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 001: 2024 Goals - Crushing It Like a Financial Geek

In this episode, the geeks share their personal and professional goals for the year, offering insights you can apply to your own financial journey. Join The Finance Geeks as we unleash our inner financial nerd and crush 2024 like the fiscally responsible rockstars we are.
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Podcast Reference Links:
UK House Price Index https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/november2023
When will we get back to low inflationhttps://www.bankofengland.co.uk/explainers/will-inflation-in-the-uk-keep-rising
Rising cost of living in the UKhttps://commonslibrary.parliament.uk/research-briefings/cbp-9428/
Inflation and Price indiceshttps://www.ons.gov.uk/economy/inflationandpriceindices
RPI versus CPIhttps://www.thetimes.co.uk/money-mentor/income-budgeting/how-to-budget/rpi-versus-cpiTriple Lock State Pension future changeshttps://commonslibrary.parliament.uk/the-triple-lock-how-will-state-pensions-be-uprated-in-future/
Transcendental Meditationhttps://uk.tm.org/
HUM Premium Newsletter for Financial Planners (Andy Hart)https://www.humansundermanagement.com/
Family Location App (App)https://www.life360.com/uk/
Birthday App  (App)https://apps.apple.com/gb/app/birthday-reminder-countdown/id1453656360
How to Think About Money (Book) https://tandemfinancial.co.uk/book-reviews/how-to-think-about-money-book-review/ and https://amzn.eu/d/daorWPN
Get Things Done - David Allen (Book)https://amzn.eu/d/cKeNgSF
Get More Referrals Now (Book)https://amzn.eu/d/3GAdcJM
Think and Grow Rich (Book)https://amzn.eu/d/7uR2ONi
The Dawn Wall (Film)https://www.imdb.com/title/tt7286916/
Quotes https://www.flickr.com/photos/tandemfinancial/albums/72157687946672833/
 
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Disclaimer:
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.