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The Money Spot™ - UK Personal Finance

Education Podcasts

I’m Heather. A massive personal finance fanatic. I love to answer people's questions on getting rid of debt, saving, stock market investing, property and retirement. Subscribe to this podcast if you want to: earn more, save more, invest more and have fun! No episodes in April, August and December - #SchoolHolidays #MumPodcast

I’m Heather. A massive personal finance fanatic. I love to answer people's questions on getting rid of debt, saving, stock market investing, property and retirement. Subscribe to this podcast if you want to: earn more, save more, invest more and have fun! No episodes in April, August and December - #SchoolHolidays #MumPodcast

Location:

United Kingdom

Description:

I’m Heather. A massive personal finance fanatic. I love to answer people's questions on getting rid of debt, saving, stock market investing, property and retirement. Subscribe to this podcast if you want to: earn more, save more, invest more and have fun! No episodes in April, August and December - #SchoolHolidays #MumPodcast

Language:

English


Episodes

Focus, Improve and Prosper - setting goals for 2021

1/4/2021
#38 What is the one financial goal you would like to achieve in 2021? - Reduced debt? - Increase pension contributions? - Increase pension contributions? - Save more for children? Extract from the "2021 Life and Career Planners", link below" Most people want to handle their money better but they don’t take any steps to improve their financial knowledge. Simple commitment you can make to handle your money better include: • Instead of taking taxis/cabs, I will take the bus whenever possible; •...

Duration:00:21:02

The Real Heather Katsonga-Woodward (the usual host)

11/30/2020
#37 In this final episode for 2020, find out a little more about me, Heather, the Host of The Money Spot Podcast through an interview that I had with Alex Sapala. For more on Alex Sapala click the link just below. Related resource: https://www.katsonga.com/wealthblog/the-real-heather-katsonga-woodward-interviewed-by-alex-sapala Ask me a question: https://www.katsonga.com/coach.html Choose a book: https://www.katsonga.com/my-books.html Support the podcast: In $:...

Duration:01:19:52

#36 The wealth of black people in Britain and factors hindering financial success

11/23/2020
#36 In this episode find out what percentage of black people own their own homes and what their pension pots look like relative to other ethnic groups. Further, are the earnings of black people lower than earnings of other ethnic groups? Are black Brits enjoying the same rates of social mobility? What challenges do black Brits face in the job market? All this and more in today's episode. Related resource:...

Duration:00:45:35

#35 7 things that hold black children back from succeeding

11/16/2020
#35 Do black children really have challenges that are unique to them? What are those challenges? Find out in this episode: black children are excluded from school at higher rates than other ethnic groups and the evidence suggests it's not because they are actually more naughty or more aggressive - in fact, some research suggests black children have a higher aptitude relative to other ethnic groups going into school and within a year that educational advantage has been eroded. Related...

Duration:00:45:01

#34 Stay at home mum in her 50s - how can I gain financial independence

11/9/2020
#34 D asks: Hi Heather, my name's D I wonder if you can maybe help advise me, I’m hoping to figure out a plan for myself and kids so that I feel secure and I’m financially independent. I wonder if maybe property is something you would suggest. I am in my 50’s, been with my husband since school and married for nearly 25years. We have adult kids who live with us and one is dependent with medical needs. We lived in another country for most of our married life (kids were born there and we all...

Duration:00:33:09

#33 5 ways to remain financially afloat during unemployment

11/2/2020
#33 Ronjoy asks: Dear Miss Katsonga, What is your opinion on Critical illness cover? What are the alternatives (for lump sum payout to cover mortgage or other debts) in case one partner is unable to work? Thanks! Ronjoy Related resource: https://www.katsonga.com/wealthblog/5-ways-to-remain-financially-afloat-during-unemployment Ask me a question: https://www.katsonga.com/coach.html Choose a book: https://www.katsonga.com/my-books.html Support the podcast: In $:...

Duration:00:07:54

#32 How to manage finances with volatile self employed income

10/26/2020
#32 Fifi asks about how best to manage her money when her income from month to month fluctuates a lot with some months bringing in just enough for her to get by. She also wonders how best to manage her credit score and to boost her monthly income. Related resource: https://www.katsonga.com/wealthblog/how-do-i-manage-my-finances-when-my-self-employed-income-fluctuates-so-much Ask me a question: https://www.katsonga.com/coach.html Choose a book: https://www.katsonga.com/my-books.html Support...

Duration:01:08:30

#31 What’s the alternative to a UK Child Trust Fund? …A Junior ISA

10/19/2020
#31 Grace asks: Hi Heather My name’s Grace. I’m looking into saving money for my little one so that it can be invested in the same way as government-backed child trust funds. My older one has a child trust fund but I don’t know how to go about opening something similar for my younger child. As I understand it, banks don't offer government-backed child trust funds anymore. Related resource: https://www.katsonga.com/wealthblog/whats-the-alternative-to-a-child-trust-fund-a-junior-isa Ask me a...

Duration:00:10:20

#30 Is the 4% pension drawdown rule before or after tax?

10/12/2020
#30 David asks: Hi Heather I’m really enjoying your podcasts and have already given a 5 star rating. I am 57 and plan to retire at 60 so love your retirement items. When talking about 4% draw down for retirement income, it’s never clear if the figures are before or after tax. For example 4% of £1m is £40k, but after tax this could be nearer £30k. If you then get a state pension of say £9k, the figure before tax is £49k, but after tax it is nearer £35k. So when you talk about money needed in...

Duration:00:31:03

#29 Starting a side hustle in the UK - things to think about with Sylwia Kotarba-Harris

10/5/2020
#29 Jennifer asks: Hey Heather, my name's Jennifer, I want to start a side hustle but I don't know where to start or how to organise myself. No one that I know has a side hustle; they just do the 9 to 5 then chill...are side hustles just not a British thing? Please help me with some tips, I need some direction...thank you! Related resource and Sylwia's contact details: https://www.katsonga.com/wealthblog/starting-a-side-hustle-in-the-uk-things-to-think-about-with-sylwia-kotarba-harris Ask me...

Duration:00:46:19

#28 Q&A: when is a good time to release equity from your house for retirement?

9/28/2020
#28 Mary asks: Hi Heather, it's Mary here. When is a good time to draw equity from my house: when I retire, which is in about 5 years, or before? Thanks for the help. Related resource: https://www.katsonga.com/wealthblog/qa-when-is-a-good-time-to-release-equity-from-your-house-for-retirement Ask me a question: https://www.katsonga.com/coach.html Choose a book: https://www.katsonga.com/my-books.html Support the podcast: In $: https://www.buymeacoffee.com/TheMoneySpot In £:...

Duration:00:13:26

#27 How to invest a lump-sum: ISA vs SIPP vs work pension?

9/21/2020
#27 Nik asks: Hi Heather, just discovered your podcast and blog. Really inspiring. Could I ask a question? I have about £10k to invest and I’m considering three options. I’d really appreciate your help in deciding what to do. 1. Add to my passive investment portfolio which is spread across equities and bonds. It’s down about 8% since Feb. I’m not planning to access this for 7 to 10 years. I could put it in now as a lump sum or drip feed 2.5k every week for the next month. I see the advantage...

Duration:00:17:45

#26 Why you need a will even if you have no assets or no children

9/14/2020
#26 Harriet asks: Hi Heather, My name’s Harriet. Thanks for the UK-focused personal finance podcast. I feel slightly worried that I don’t have a will because of the covid-19 pandemic. I have children and some assets and I want to go about getting a will in place in the right way, please tell me what I need to think about so I get my will done correctly from the get-go. ​Thanks a mil. Related resource:...

Duration:00:52:57

#25 How to teach your children how to manage money so they attract wealth and avoid debt

9/7/2020
#25 Kimberley asks: Hi Heather, my name's Kimberley. My husband and I have worked hard to build a financial safety net for our family. We both come from modest backgrounds and weren’t taught much about money so we’ve had to figure everything out on our own and made quite a few mistakes along the way. Do you have any tips we can use to teach our children about managing money so that they make far fewer mistakes than we did? Thank you! B. School: for money-wise, wealth-bound kids:...

Duration:00:20:37

#24 How can I get a refund fast? No credit card needed!

8/3/2020
#24 Tsungi asks: Hey Girl! I’ve been trying to get my cancelled flight to Zimbabwe refunded for a month but haven’t made any progress, do you have any suggestions? Tsungi Related resource: https://www.katsonga.com/wealthblog/qa-how-do-i-get-my-refund-fast Ask me a question: https://www.katsonga.com/coach.html Choose a book: https://payhip.com/themoneyspot Support the podcast: In $: https://www.buymeacoffee.com/TheMoneySpot In £: https://www.patreon.com/TheMoneySpot Your way:...

Duration:00:19:28

#23 Part 5: 3rd-world poor to dollar millionaire – the story Mark Katsonga Phiri – my dad

7/26/2020
Part 5 - In this 5-part series, Mark Katsonga Phiri talks us through his life story during the course of a 4-hour road trip. From the first business that he helped his mother with when he was only 11 years old, to his 7th business which went from 0 to a million dollar business in a year. However, it’s actually his 6th business that gave him the profit to start the 7th that I found the most exciting because it was about to go bankrupt when the decision to advertise it for sale in a newspaper...

Duration:00:43:17

#22 Part 4: 3rd-world poor to dollar millionaire – the story Mark Katsonga Phiri – my dad

7/20/2020
Part 4 - In this 5-part series, Mark Katsonga Phiri talks us through his life story during the course of a 4-hour road trip. From the first business that he helped his mother with when he was only 11 years old, to his 7th business which went from 0 to a million dollar business in a year. However, it’s actually his 6th business that gave him the profit to start the 7th that I found the most exciting because it was about to go bankrupt when the decision to advertise it for sale in a newspaper...

Duration:01:41:21

#21 Part 3: 3rd-world poor to dollar millionaire – the story Mark Katsonga Phiri – my dad

7/12/2020
Part 3 - In this 5-part series, Mark Katsonga Phiri talks us through his life story during the course of a 4-hour road trip. From the first business that he helped his mother with when he was only 11 years old, to his 7th business which went from 0 to a million dollar business in a year. However, it’s actually his 6th business that gave him the profit to start the 7th that I found the most exciting because it was about to go bankrupt when the decision to advertise it for sale in a newspaper...

Duration:01:10:10

#20 Part 2: 3rd-world poor to dollar millionaire – the story Mark Katsonga Phiri – my dad

7/6/2020
Part 2 - In this 5-part series, Mark Katsonga Phiri talks us through his life story during the course of a 4-hour road trip. From the first business that he helped his mother with when he was only 11 years old, to his 7th business which went from 0 to a million dollar business in a year. However, it’s actually his 6th business that gave him the profit to start the 7th that I found the most exciting because it was about to go bankrupt when the decision to advertise it for sale in a newspaper...

Duration:00:38:27

#19 Part 1: 3rd-world poor to dollar millionaire – the story Mark Katsonga Phiri – my dad

6/29/2020
Part 1 - In this 5-part series, Mark Katsonga Phiri talks us through his life story during the course of a 4-hour road trip. From the first business that he helped his mother with when he was only 11 years old, to his 7th business which went from 0 to a million dollar business in a year. However, it’s actually his 6th business that gave him the profit to start the 7th that I found the most exciting because it was about to go bankrupt when the decision to advertise it for sale in a newspaper...

Duration:01:25:25