How To Build Wealth - Step By Step

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  • Опубликовано: 21 авг 2024
  • Test your knowledge to make sure you’re absolutely clear about the fundamentals of building wealth. We’re bringing together the basics in one episode because we’ve covered a lot in our first season.
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    Disclaimer:
    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.

Комментарии • 45

  • @philr8971
    @philr8971 Год назад +3

    I have never really listen/watched a podcast before however this series was really captivating. The balance of keeping the topics basic enough yet detailed enough must have been a challenge and then condensing it into a period of time that is just right, genius. Thank you to all that were involved and I hope the series continues

  • @waveyswanswann8107
    @waveyswanswann8107 Год назад +10

    Really enjoyed the 1st series boys great work 👍🏼

  • @Riaan3108
    @Riaan3108 Год назад +5

    Love the magical appearance of the beer coasters.

  • @julianpilkington4990
    @julianpilkington4990 Год назад +3

    really enjoy these and find them useful - thank you

  • @jamielumpkin6469
    @jamielumpkin6469 Год назад +3

    Great recap and awesome first series, looking forward to the next one already. Glad to see T finally set up his ISA!

  • @UbiquitousBooks
    @UbiquitousBooks Год назад +1

    Great content. One comment about global index ETFs: they are typically weighted according to market cap. This means that a global ETF will typically give you massive exposure the US tech sector because Apple, Amazon, Microsoft, Google, NVidia, Meta and Tesla are 7 of the 10 biggest firms in the world. So people with a global ETF might be less diversified than they think. So I think there's a good argument for mixing a global ETF with one or two other funds that give exposure to other sectors and countries. Also, you can buy "equally weighted" S&P500 trackers that put equal weight on all 500 firms rather weighting towards the largest firms; this can be a useful tool as part of a portfolio for rebalancing exposure away from big tech while keeping US exposure.

    • @MakingMoneyPodcast
      @MakingMoneyPodcast  Год назад +2

      Thanks! This is an interesting comment and something we're going to get into in a future episode with Pensioncraft's Ramin Nakisa.

  • @imbarmstrong
    @imbarmstrong Год назад +7

    Whoo-hoo, podcast time, what's T and his sidekick Damo got for us. Have we reached the clipshow episdoe then?

    • @MakingMoneyPodcast
      @MakingMoneyPodcast  Год назад +5

      sidekick! 😂

    • @andreburt3304
      @andreburt3304 Год назад +2

      Haha they are co-hosts 😂. Who knows to be fair but whatever they are they have a great balance, not all friends can do this. I found this podcast via Damian Talks.

  • @thedownwarddoug6642
    @thedownwarddoug6642 Год назад +2

    Loving this pal!! Keep up the good work.

  • @VegasMilgauss
    @VegasMilgauss Год назад +1

    Although it never really worked out, I admire you giving it a go.

  • @Equitybonds24
    @Equitybonds24 10 месяцев назад +1

    Makes my day this channel!

  • @brianshannon6642
    @brianshannon6642 4 дня назад

    Zipcar is actually an extremely affordable way to access a car as long as you don't need a car all the time. I use a similar car club and I cycle/bus most places so I save thousands on not owning a car

  • @alexgreen7348
    @alexgreen7348 4 месяца назад

    Really enjoyed watching this series all the information is broken down to make it easy for normal people to understand. Something which can seem so complicated when it comes to finances. Great work!

  • @keepingupwiththejonesy
    @keepingupwiththejonesy Год назад +3

    Stellar first series! Any chance of finding someone who can explain more about what can be held in SIPPS or SSAS? And maybe crypto or other 'risky' assets? Looking forward to the next series.

  • @abdulrahman31350
    @abdulrahman31350 Год назад +1

    Great podcast yet again. Its so important to me to listen to this kind of money discussion. Im a massive spender i justify spending by investing the equal amount into my portfolio.
    But did my man just straight up drink an IPA from a can, no pouring it in a glass??????

  • @Brown969
    @Brown969 Год назад

    Great first series lads. Started saving in a junior isa for my kids, committed to paying off a niggling CC and put money in my pension all as a result of your series. Great guests and good starter. Wonder what the next series will hold 🤔

  • @goneferal4930
    @goneferal4930 Год назад +1

    Awesome job guys! Loved the series. Look forward to the next 👌👍

    • @MakingMoneyPodcast
      @MakingMoneyPodcast  Год назад

      Thank-you for the kind words. Series 2 is going to be great - we look forward to seeing you in the comments 🙏

  • @willlsmith8063
    @willlsmith8063 Год назад +1

    Loving this channel.....thanks guys

  • @ADHDNurse79
    @ADHDNurse79 Год назад

    Great re-cap, Thankyou for putting this together 👌

    • @MakingMoneyPodcast
      @MakingMoneyPodcast  Год назад +1

      Our pleasure - there has been a lot to take in over the last 12 episodes!

  • @constantfear
    @constantfear Год назад

    Big up brum!

  • @iliyaapollosadamu34
    @iliyaapollosadamu34 Год назад

    Great reflection.
    Good series, looking forward to the next series

  • @joeallen781
    @joeallen781 Год назад +1

    I WANT MORE CONTENT!!!

  • @don6570
    @don6570 Год назад

    Should you clear bad debt (credit cards) before building an emergency fund or get that behind you first?

  • @vinay4886
    @vinay4886 Год назад +1

    This channel has 3400 subscribers but has had 1500 views in the first 10 hours.
    Some work to be done to convert the casual viewers, Damo 🤔

  • @sherandeputt3158
    @sherandeputt3158 5 месяцев назад

    You have to take risks to make money. Scared money doesn't make money

  • @pilkers745
    @pilkers745 Год назад +1

    cop out episode this. get a guest on

  • @jackreeves4884
    @jackreeves4884 Год назад +4

    Great video guys so much useful information!
    The only question is regarding your own investments ,are you invested into a global all cap or a all world (vwrl/vwrp) & what brought you to making that decision -thanks :)