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Would really be interested in your take on..... Clarification on holding just 1 Index fund and protection. As your wealth grows then why not hold more than 1 global index - in case Vanguard, iShares, Fidelity, Invesco etc goes bust. I know the financial industry check would probably mean it is highly unlikely a Fund House goes but, but it has happened in the past - so just for peace of mind as you get to £000k wealth pot then hold indexes with various fund houses?

Superb, well done on a great series I’m learning a lot. Maybe jumping the gun but will you be covering how to draw down on your investments ie 4% rule?

This was extremely helpful 👍 Especially showing how to research and choose a fund. Thank you so much 😁

I had a cautious fund with HALIFAX for ten years paying in £500 monthly and it grew by my funds only, I.e. made nothing 😢. Moved it to St James Place for a year then took it out and lost quite a bit, now looking after myself thanks to you guys 😊❤

Those fees Katie were charged when she first started investing (at 3:06 in video) are absurd! I am so thankful that I found this site and other "trustworthy" financial sites. As they have all helped me avoid these crazy, insane high fees. Alan's statement around (4:20) is soooo true, "wealth management companies are about making them wealthy not about making you weathly". I thought something similar just a couple days ago, that is people, mainly those uneducated about finances, believe the personal advisors make their money mainly because they have the knowledge on how to invest (e.g., pick the right stocks/funds, etc.) and thus these people believe they will make them money, so they hire the personal advisor. However, if these personal advisors made their money from their investment knowledge, they wouldn't need me, you, or clients. However, these advisors don't know which stocks/funds will do the best going forward and actually end up underperforming (see SPIVA report) 80% of index funds over 5 plus years. Thus, the advisors lose your money by trying to "guess" which companies will outperform and through the fees they charge you (like they did Katie). Thus, financial advisors make their money from their fees that you pay not through picking stock/funds that outperform. On a similar note, it is crazy/sad how many people, including myself at one time, ignore their investments and the fees associated with them. Furthermore it is crazy/sad how people think a 1% fee they pay to an advisor won't cost them much. However, it ends up costing a lot! For example, after 20 years this extra 1% fee that you pay to a financial advisor cost you around 18% of your portfolio and a 2% fee will cost you about 33% of your portfolio. Thus a low cost index fund (e.g., .05% expense ratio) with no advisor fee only cost you less than 1% of your portfolio after 20 years. For example, if you have $500,000 at the end of 20 years (no fees), then a low cost index fund would have only cost you a little less than $5,000 ($500,000 x .01) and you would have a little more than $495,000 left in your portfolio. Hiring a financial advisor who charges 1% fee sounds low, but it would have resulted in an additional $90,000 ($500,000 x 0.18)! The 2% advisor fee, found often, would cost you an additional $165,000 ($500,000 x 0.33)! Fees matter greatly! Just read this about fees and be sure to look at the table: www.bogleheads.org/wiki/How_much_do_you_lose_to_annual_fees_after_many_years%3F

Veve vs Ftse global all cap and why?

Just watched this episode. They have all been great but this one was the best so far!!

brilliant as ever. interested to know what assumptions you suggest on doing the numbers on a property you may want to live but perhaps are going to buy now. Presumably you have to have to estimate annual house price inflation ( or price change as clearly can go down as well ). And on the property ROE calcualtor does that factor in added cost of S24 mortgage interest relief tax change if you are higher rate or simple profit and loss ( ie: with S24 numbers will be worse of course ) - thank you

Thank you I think your videos are fantastic and very educational.. I did consider investing in property.. such as buy to let.. but I felt that that was putting all my eggs in one basket..🧺 (I already own my own house outright) I do like index funds and most of my money is in these .. mostly Vanguard developed world.. But I also wanted to invest in property more directly.. so for me I am planning on investing about 15 % of my very small portfolio into REITS.. over a ten year period.. I would also like to thank yous as when I listened to your earlier series I did a complete look at my finances… When I started listening to yous about a year ago I had £75,000 invested in what I know realised was rubbish funds .. high fee’s .. etc I have now crossed the 100k mark (108k as of today) . Thanks to you both I will have a much better retirement when I retire in ten years time… total respect to you both ✊✊. Thank you 🙏

SEXYYYYYYYYYYYYYYYYYY!!!!

Alway great job 😊thank you very much

AMAZING 🤩 🤩🤩THANK YOU ❤❤❤

First!! 🎉🎉🎉

superb thankyou

What platform is "Playing with F.I.R.E." available on?

Am single - but its definitely opened my mind as an older person, house owner, got my ducks in a row.....to protect my assets and interests - moving forwards!

I am definitely 'Big Picture' currently - got some weekly saving amounts going this weekend - set up (NZ's version) - Growth and High Growth (low fees) acts. (sorry I couldn't wait for investing weeks!!).... have started small, whilst I pay the rest of the floating mortgage (8.16%) off - cleared over 5k since starting the course!!! $8k to go!!!!!! Figure I can get into the "habit" of savings and will then pop the amounts up. Cleared over 5k of floating since starting the course!!! $8k to go!!!!!! BRING IT!!!!!

Anyone in Wisconsin, USA want to be finace buddies? 😊

My friend and i have done finance Friday since 2018!!

Catching up with this course now. I did more or less the same exercise over a year ago using MSE's spreadsheet and then I adjust this every year based upon new estimates. The important thing this helps you to do is to not forget about actual expenses or income. It will never be totally accurate and while I have started using Moneyhub recently, most people simply don't have time to make a note of everything they spend over the long term. The exceptions to that would be those who are in high cost debt or those who think they spend more than they earn. If you are in surplus every month then just invest or save it - I aim to keep 6 months/£10000 of living expenses easily accessible (within 3 days). Once that's reached anything more will go into longer term investments.

I would like a book please

I need to talk to myself.....rather than the cats, about money!!!!

Aaron top right a bit small! Slides ok but not that important! Want to see more of Aaron!

How does one successfully change career when you're a vet and feel trapped. Giving more value doesn't work. We're expected to work overtime and do it out of the goodness of our hearts. I Ince asked for a raise. Was told the only way they could give me what I asked is if I worked more hours. The wage numbers are always expressed what I'd earn in a year. When I calculated the new hourly wage they were offering, it was less than what I was currently earning. It was insulting to think We're that stupid.

it's the BBT relationship contract!

Very nice work on that video 😊

Excellent! I always learn something new/grow in my journey 🎉thank you! ❤❤❤

Fantasic video - thank you so much!! Please help! In my mid 50s and have LGPS pension (20+ years worth) I'm 'comfy' financially (no mortgage plus investment property, maxed out cash & S&S ISA's & max Premium Bonds) I would like to open a SIPP as any my LGPS does not match any 'additional' contributions. I'm waiting for Trading 212 to commence SIPP as I have my Stocks & Shares ISA with them which I find easy to manage. Question is... I have spare £10k+ - would it be beneficial to use this as a lump sum to start my SIPP journey? I'm aware of limits. Sorry for the long comment - tia 🙂

My husband thinks that now I want to talk about money, it's unattractive and I've changed 🙄.

Loved most of the course as they have a few good ideas but I find this a bit condescending. Most people have responsibilities and financial ties.

Once SIPP pays out at 65 (If Drawdown available) - I could put that amount into an ISA couldn't I?

Do you know why am I only give the transfer to vanguard option and not the open new account?

Hi guys! I am using the Spending Tracker monthly, and have tracked back to January 2024. Horrified. Great exercise! My question is: where are we tracking/recording our income? I opened a new tab on the Spending Tracker, and am doing it there. Not as elegant as your SS but adequate.

So generous and amazing of the Donegans to give so much of their time and energy 🤩😍🫶

Just amazing! Thank you Donegans and Rebel Ninjas! LOVE the explanation on compound interest and how it can be your greatest strength or your destruction 👏🤩🫶❤️❤️❤️

I was away when this started and jumped in at week 3. So thought I must watch week 1. Excellent , Thankyou. I watched Katie’s excel course tutorials . I learnt so much and have created my own spending tracker. Well done me. I could never have done that. Every week I’m looking forward to. Supportive community on FB. Thank you for providing this Free course. You are changing lives. Your medal is so well deserved .

👍🏾

I am okay

I started this first time

It is same

So, have looked up the quote "you have to have money to make money". The credit is a bit misleading. The original quote is. You have to spend money to make money. This latter quote has a very different meaning

Great!

The mortgage is 100% secured debt your investments aren't 100% secure, are they? Do you want to rely on banks for your financial stability?

I'm on catch up here! A great Q & A session. I don't have any debt, yet it was very interesting to listen to the session which consolidates all the previous steps too. Thanks for your time!

In NZ, Capital gains are high - this does not seem to be taken into account when talking IP

Best way to save for retirement if starting at 50?

Cannot find the RETIREMENT CALCULATOR

Thank you for answering my question and hearing my name on RUclips! It was consumer debt (CD) with high interest rates 11.45-29.5%(credit cards and a car loan). I am also putting money into my emergency fund (EF), paying the minimums on the consumer debt, and contributing to a 401k 5% employer match. Once my EF is partially funded, I will throw extra into the CD and continue to contribute to my EF to fully funded. I have a mortgage, but I'm not worried about paying that off yet, my rate is 3.119%.

An excellent video on an excellent fund.

The ROE for our investment property in NZ came out at 3.4% as we were trying to pay it off fast. Doing the maths about pulling equity out to invest as rent will cover new mortgage amount. Will have to do the stress test with mortgage rates and tax rebates against salary tax. Quite a lot to consider.