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Why Do We Keep Salary Secrets? with Laura Newman

Today's episode is all about breaking the silence around salaries and how to navigate those conversations. What are the common misconceptions people have about discussing salaries? How do we navigate discussions about finances when there's a significant income disparity between partners? How can working with a financial planner help you plan for the future? To gain clarity on these questions, I interviewed Laura Newman, NatWest Premier’s Head of Financial Planning.

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Cultivating a Wealthy Mindset in 2024

As January comes to a close, I hope you're settling into 2024 with a sense of excitement and enthusiasm for what lies ahead. As we prepare for an eventful year, we want to pause and extend our heartfelt appreciation for your ongoing support.

We've got so many exciting projects and plans in store, and we can't wait to share them with you.

But first: to kickstart 2024 with a financial boost, we have prepared a Hotline episode featuring valuable tips to transform your financial situation this year. Whether it's fostering a positive money mindset or implementing practical strategies for saving, we've got all the tools you need to make this your most financially successful year to date.

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Securing Your Financial Future in 2024

What are some of the things that we are most afraid of or most dread when it comes to money? What is lifestyle creep? How to plan for your finances in 2024?

In this episode of The Wallet, I interview Laura Newman, Head of NatWest’s Specialist Client Advice and Investment Services. We discuss the financial challenges and opportunities for 2024, such as inflation, interest rates, lifestyle creep, and wealth management. Laura shares her insights and tips on planning, overcoming obstacles, and growing wealth.

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Unmasking the Wolf of Wall Street: Jordan Belfort's Financial Crimes

Are you familiar with the name Jordan Belfort? If not, you might recognise him as the infamous 'Wolf of Wall Street'. Belfort's journey in the financial world is nothing short of exhilarating — starting from his humble beginnings as a door-to-door salesman to becoming the mastermind behind Stratton Oakmont, a fraudulent brokerage firm that swindled millions from unsuspecting investors.

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Banking Bad: How I Ended Up £250,000 in Debt

Today, we’ll be looking at Patrick Foster’s story. Patrick had a promising career as a professional cricketer, until gambling came into the picture. In this podcast, he shares his journey from being a sports star to a compulsive gambler who ended up in £250,000 of debt, revealing how he got hooked on betting, lost his job and his friends, and how he tried to escape his addiction by moving to a different city and becoming a teacher.

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Banking Bad: Tulip Mania, The Greatest Bubble Story of All Time

We’re used to hearing about stocks, credit or commodities being at the centre of bubbles, but never a flower. Today, we’ll be looking at tulip mania - a period in the 1630s when the prices of tulip bulbs in the Netherlands soared to unprecedented levels, driven by a speculative frenzy. I’ll be talking to Anne Goldgar, an American historian and academic, who argues that tulip mania was not a widespread frenzy that affected the whole society, but rather a limited phenomenon - and that accounts of the subsequent crash may be more fiction than fact. However, there are key takeaways from this story that we, as investors, can learn from.

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Banking Bad: Brooke Astor, and When Financial Abuse Hits Home

In today’s episode, we cover one of America’s most prominent cases of financial abuse. Brooke Astor was a well-known figure in New York high society and one of the 20th century's great philanthropists. You'll hear from Brooke's grandson, Philip, about the personal financial crime that unfolded within his own family. He started his own investigation, questioning staff and realised that a significant amount of money has been moved around and legal documents have been altered.

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Road to Wealth #7 - Investing with Confidence: Make Your Money Work for You

📈 In this episode, we delve into the world of investing. Join us as Helena Wardle, Founder of Money Means and Partner and Chartered Financial Planner at Smith and Wardle, shares insights and strategies to bolster your investing confidence and broaden your portfolio. Together, we'll explore the significance of diversification and learn how to strike the right balance between risk and return. In a high-interest rates environment, we'll address the dilemma of whether to prioritise mortgage repayments or continue investing. 

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Road to Wealth #6 - Inheritance & Protecting Your Money

In this episode, with Chartered Financial Adviser Lisa Conway-Hughes, we talk about vital strategies for navigating this complex and emotional process, covering topics such as protecting your financial future, maximising savings allowances, securing insurance, and safeguarding against scams. We also explore the personal dynamics of inheritance, including factors that influence distribution decisions, such as close relationships, financial needs, and caregiving responsibilities.

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Road to Wealth #3 - Debt: The Good, The Bad and The Ugly

Today, we tackle the often misunderstood and stressful topic of debt. Financial Planner Abigail Banks leads us in the discussion of the different types of debt that women face, as well as strategies for paying it off and avoiding common misconceptions. Whether it's student loans or mortgages, we provide tips and advice for effectively using and managing debt at every stage of life.

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Road to Wealth #2 - For the Love of Money: Talking to Your Partner About Finances

💸 In this episode, we dive into the often tricky and emotionally charged topic of money and relationships. Our expert guest shares insights on managing joint finances, communicating effectively about money, and aligning financial goals with your couple goals. We also explore practical strategies for optimising tax benefits, the cost of being single, navigating divorce, and more.

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Road to Wealth #1 - Beyond the Grave: What Happens to Your Money When You Die?

💸 In today's episode as part of our new series, we get into the topic of death. While many of us avoid thinking about our own mortality, it's crucial to plan for the unexpected. What happens if we were to pass away tomorrow? How can we protect our assets? And how can we care for aging parents at the end of life? Join us as we discover the significance of estate planning and delve into topics such as life insurance, digital assets, trusts, and the importance of regularly updating your estate plan.

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Money and Relationships, with Lottie Leefe

💸 How do you split your finances when your partner earns much more than you?

How can we spot financial infidelity, and what is financial abuse?

How can we start talking about money with a partner?

A recent survey of 600 therapists shows a third reported an increase in clients talking about relationship problems sparked by rising living costs. The therapists also noted that more clients were finding it difficult to leave their partner because of financial concerns.

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Silicon Valley Bank Collapse After a Run on Deposits

Silicon Valley Bank (SVB), which held $200 billion worth of deposits, collapsed, sending shockwaves through the industry. Banking regulators shut down SVB after the bank's valuation collapsed, resulting in the second-largest bank failure in US history after Lehman Brothers. With the help of the government and private sector, the focus was on containing the contagion and ensuring that businesses could stay afloat.

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