What They Don't Teach You About Money: The Instant Top Ten Bestseller

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Actually, I’ve got a different question. So when you have money, how do you make more? Well, it’s a bit of a broad question.

Give us some examples, Algy, of companies that would fit within that dividend screen, whether you call them low-volatility, boring, dependable. Give us a few names.If you have a baby, you need to take time out, it’s not gonna be something that is causing you problems. But when you are earning over the threshold, it does become basically like a 7 per cent tax. I’m pretty content with my situation financially right now. So when I do, like, buy things that I want, I do feel guilty that it’s coming from my parents. So I’d say a part of that money I would give to my parents to say, “Thank you. Here you go.”

This one has touched me. How do you handle when your partner’s spiralling into debt and he/she is not ready for a debt advice or counselling? Even if you’re resisting paying off the debts, you have no clue about what’s happening. This week’s episode was produced by Laurence Knight and Philippa Goodrich. Our executive producer is Manuela Saragosa, and the sound design was by Breen Turner, with original music from Metaphor Music. Cheryl Brumley is the FT’s global head of audio. Yeah. Nobody’s talking about giving help to renters. But a related question, so you said you’re a freelancer. So there’s an awful lot of discrimination, frankly, in the financial system against freelancers, people who don’t have a regular wage. But there’s more and more people who are working as freelancers or in the gig economy as a way of dressing it up. Tell us your thoughts about that.And finally, Money Clinic’s usual disclaimer. Today’s podcast is a general discussion around financial topics and does not constitute an investment recommendation or individual financial advice. For that, you’ll need to find an independent financial adviser. But conveniently, that was also the topic of last week’s episode. Well, you can be good at more than one thing. And you clearly are. Algy, It’s been so lovely to have you in the podcast studio and catch up again. Feels like old times. Yeah, yeah. And I don’t know about you, but so many things in the finance world we feel a bit threatened or confused or anxious, especially with this overlay of the cost of living crisis, which I’m sure you’re going to be hearing it all the time about how people’s finances are under pressure. And do you talk much about the cost of living crisis at home or rather the effects of it? Like you can’t have a new pair of trainers this month? Even if I gave my niece some coins to help her learn the value of money, there’s another problem. Since Covid-19, plenty of businesses have gone cashless, and I buy nearly everything online.

A further tip from me: reinvesting any dividends rather than spending them will help your investments grow and compound faster. Listen to a recent investment masterclass with Lord John Lee. For more on this, there’s a link in today’s show notes.

Retailers:

I think it shows me that they know themselves. They know what their business needs and they know which parts of that they can provide and which bits they can’t. That’s really important. I suppose something like Diageo in the UK would also be a great example of a quality business because of all its brands, its high-end drinks brands. And we’ve got masses of questions about investing. But there’s one here. You know, should you think about paying down your mortgage rather than taking out an Isa? I saved up week by week for a dollar called a Sasha doll, which is now worth a huge amount of money.