Smart people make bad decisions all the time. That’s because intelligence (IQ) has no bearing on our ability to make rational, unbiased decisions. If you can be aware of your biases and investigate your intuitions then you will make better decisions which can have a profound effect on your finances. In this episode, David Robson, author of The Intelligence Trap, lays out the key biases stopping you from getting richer - and how to combat them. … Sponsors Sensate: Get help with your anxiety & 10% off with the code MM10: https://www.getsensate.com/makingmoney Unbiased: Get help with your money from a financial advisor: https://www.unbiased.co.uk/makingmoney … Newsletter If you want a summary from this episode in an easy format, please subscribe to our newsletter: https://makingmoney.email/S2E8. Watch this episode here: https://youtu.be/rcf0pGYkdxs (from 4pm on Monday 27th of November) … What's your financial health?  Take our quiz: https://makingmoneypod.scoreapp.com/ … Investment platfo

You asked us: Do we step in when we see friends/family making terrible financial decisions? How does Damo plan to get to £2 million in an ISA? What is the worst stock we've ever invested in? -------------------- What would you like to ask us? Email [email protected] -- What's your financial health? Take our quiz: https://makingmoneypod.scoreapp.com/ -- You can find all our previous newsletters on our website: www.makingmoneypodcast.co.uk/episodes. -- Get 45% off Blinkist after a 7-day free trial. https://blinkist.com/makingmoney -- Here are some of the biggest investment platforms in the UK - and Damo uses all of them too.  Some of these are affiliate links. If you purchase a product or service using one of these links, we will receive a small commission from the seller. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. InvestEngine Get

You asked us: What is the secret to quick wealth? When should you set up a limited company? Where should you store your emergency fund? Here's Damo's video where he talks about money market funds: https://www.youtube.com/watch?v=i0bBcjNyPWQ Here's Ramin Nakisa's Pensiocraft video on money market funds if you want more detail: https://www.youtube.com/watch?v=hnFnm-HPjGw&t=627s -------------------- What would you like to ask us? Email [email protected] -- What's your financial health? Take our quiz: https://makingmoneypod.scoreapp.com/ -- You can find all our previous newsletters on our website: www.makingmoneypodcast.co.uk/episodes. -- Get 45% off Blinkist after a 7-day free trial. https://blinkist.com/makingmoney -- Here are some of the biggest investment platforms in the UK - and Damo uses all of them too.  Some of these are affiliate links. If you purchase a product or service using one of these links, we will receive a small commission from the seller. There will be n

Your biggest questions: Is overpaying your mortgage a good investment compared to other things like a pension or an ISA? Should you transfer your ISA out of a managed fund to get out of paying a 1.5% fee? -------------------- What would you like to ask us? Email [email protected] or slide into our DMs. -- What's your financial health? Take our quiz: https://makingmoneypod.scoreapp.com/ -- You can find all our previous newsletters on our website: www.makingmoneypodcast.co.uk/episodes. -- Get 45% off Blinkist after a 7-day free trial. https://blinkist.com/makingmoney -- Here are some of the biggest investment platforms in the UK - and Damo uses all of them too.  Some of these are affiliate links. If you purchase a product or service using one of these links, we will receive a small commission from the seller. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your

You asked us your biggest questions: Rishi Sunak says wages are driving inflation: is that really the case?  Should the government raise interest rates or taxes? What will interest rates be in 2/5 years?  -------------------- What would you like to ask us? Email [email protected] or slide into our DMs. -- What's your financial health? Take our quiz: https://makingmoneypod.scoreapp.com/ -- You can find all our previous newsletters on our website: www.makingmoneypodcast.co.uk/episodes. -- Get 45% off Blinkist after a 7-day free trial. https://blinkist.com/makingmoney -- Here are some of the biggest investment platforms in the UK - and Damo uses all of them too.  Some of these are affiliate links. If you purchase a product or service using one of these links, we will receive a small commission from the seller. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. You

You asked us your biggest questions: Should you stop investing in UK gilts? Is it better to save or invest right now? What do we think of AI investment tools? Here's Damo's video on cash vs investing. -------------------- What would you like to ask us? Email [email protected] or slide into our DMs. -- What's your financial health? Take our quiz: https://makingmoneypod.scoreapp.com/ -- You can find all our previous newsletters on our website: www.makingmoneypodcast.co.uk/episodes. -- Get 45% off Blinkist after a 7-day free trial. https://blinkist.com/makingmoney -- Here are some of the biggest investment platforms in the UK - and Damo uses all of them too.  Some of these are affiliate links. If you purchase a product or service using one of these links, we will receive a small commission from the seller. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your m

You asked us your biggest questions: What have Damo and T changed about their own approaches to personal finance since starting the pod? Do you need a financial adviser? What would you like to ask us? Email [email protected] or slide into our DMs. -- What's your financial health? Take our quiz: https://makingmoneypod.scoreapp.com/ -- You can find all our previous newsletters on our website: www.makingmoneypodcast.co.uk/episodes. -- Get 45% off Blinkist after a 7-day free trial. https://blinkist.com/makingmoney -- Here are some of the biggest investment platforms in the UK - and Damo uses all of them too.  Some of these are affiliate links. If you purchase a product or service using one of these links, we will receive a small commission from the seller. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. InvestEngine Get a £25 bonus when you

You asked us your biggest questions: Has being a parent affected the kinds of decisions we make?  Where should a higher rate taxpayer who has maxed out ISAs and premium bonds put their money? What would you like to ask us? Email [email protected] or slide into our DMs. -- You can find all our previous newsletters on our website: www.makingmoneypodcast.co.uk/episodes. -- Get 45% off Blinkist after a 7-day free trial. https://blinkist.com/makingmoney -- Here are some of the biggest investment platforms in the UK - and Damo uses all of them too.  Some of these are affiliate links. If you purchase a product or service using one of these links, we will receive a small commission from the seller. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. InvestEngine Get a £25 bonus when you invest at least £100. https://investengine.pxf.io/daOD2Q Vang

We answer your biggest questions: Alfie has £45k of student debt at 7.1% interest. He asks "Should I focus on trying to take chunks off this debt, with my yearly bonus, or invest it?" Adam asks "T, what kind of work do you do in crypto? And how do you see crypto/Blockchain space in the coming years in terms of uses?" What would you like to ask us? Email [email protected] or slide into our DMs. -- You can find all our previous newsletters on our website: www.makingmoneypodcast.co.uk/episodes. -- Get 45% off Blinkist after a 7-day free trial. https://blinkist.com/makingmoney -- Here are some of the biggest investment platforms in the UK - and Damo uses all of them too.  Some of these are affiliate links. If you purchase a product or service using one of these links, we will receive a small commission from the seller. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply.

We answer your biggest questions: How do you handle finances with your partner, especially if one of you earns a lot more than the other? Can I just keep balance transferring my interest free credit cards forever? What would you like to ask us? Email [email protected] or slide into our DMs. -- You can find all our previous newsletters on our website: www.makingmoneypodcast.co.uk/episodes. -- Get 45% off Blinkist after a 7-day free trial. https://blinkist.com/makingmoney -- Here are some of the biggest investment platforms in the UK - and Damo uses all of them too.  Some of these are affiliate links. If you purchase a product or service using one of these links, we will receive a small commission from the seller. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. InvestEngine Get a £25 bonus when you invest at least £100. https://investengi

We answer your biggest questions: i) What should kids be taught about money? ii) What to do with a lump sum right now to make it grow? What would you like to ask us? Email [email protected] or slide into our DMs. -- You can find all our previous newsletters on our website: www.makingmoneypodcast.co.uk/episodes. -- Get 45% off Blinkist after a 7-day free trial. https://blinkist.com/makingmoney -- Here are some of the biggest investment platforms in the UK - and Damo uses all of them too.  Some of these are affiliate links. If you purchase a product or service using one of these links, we will receive a small commission from the seller. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. InvestEngine Get a £25 bonus when you invest at least £100. https://investengine.pxf.io/daOD2Q Vanguard https://www.vanguardinvestor.co.uk/ This is not an affil

We answer your biggest questions: i) when should you get out of an investment? ii) why is your money not growing quickly enough? What would you like to ask us? Email [email protected] or slide into our DMs. -- You can find all our previous newsletters on our website: www.makingmoneypodcast.co.uk/episodes. -- Get 45% off Blinkist after a 7-day free trial. https://blinkist.com/makingmoney -- Here are some of the biggest investment platforms in the UK - and Damo uses all of them too.  Some of these are affiliate links. If you purchase a product or service using one of these links, we will receive a small commission from the seller. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. InvestEngine Get a £25 bonus when you invest at least £100. https://investengine.pxf.io/daOD2Q Vanguard https://www.vanguardinvestor.co.uk/ This is not an affiliate l

We answer your biggest questions: i) when is enough, enough? ii) is gold a good investment? iii) will the stock market keep rising? What would you like to ask us? Email [email protected] or slide into our DMs. -- You can find all our previous newsletters on our website: www.makingmoneypodcast.co.uk/episodes. -- Get 45% off Blinkist after a 7-day free trial. https://blinkist.com/makingmoney -- Here are some of the biggest investment platforms in the UK - and Damo uses all of them too.  Some of these are affiliate links. If you purchase a product or service using one of these links, we will receive a small commission from the seller. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. InvestEngine Get a £25 bonus when you invest at least £100. https://investengine.pxf.io/daOD2Q Vanguard https://www.vanguardinvestor.co.uk/ This is not an affilia

Most people in the UK know of Kerry Katona but not many people know about the wild ride she’s had with money. This episode might not be suitable for all listeners. Kerry is incredibly open about her life and that means there are references to drugs, suicidal thoughts and violence. If you are affected by anything mentioned in this episode please call the Samaritans for free on 116 123 on or check them out at https://www.samaritans.org/.  … If you want a bullet point summary from this episode in an easy format, please subscribe to our newsletter: https://makingmoney.email/ep11. … Get 45% off Blinkist after a 7-day free trial. https://blinkist.com/makingmoney … Here are some of the biggest investment platforms in the UK - and Damo uses all of them too.  Some of these are affiliate links. If you purchase a product or service using one of these links, we will receive a small commission from the seller. There will be no additional charge for you. Remember investments can fall and rise - and

Studies show that basic economic literacy means doing better with money over the long-term. So we invited Bank of England economists, Rupal Patel and Jack Meaning, round to tea to ask them the big questions: Why does inflation feel higher than it is? Is raising interest rates the best way to bring inflation down? Do politicians understand economics? Should we be optimistic about the UK's future? Thank you to everyone who sent us their questions. -- If you want a summary and next steps from this episode, subscribe to our newsletter: makingmoney.email/ep6 -- Below are some of the biggest investment platforms in the UK (Damo uses all of them too).  InvestEngine Get a £25 bonus when you invest at least £100. https://investengine.pxf.io/daOD2Q Vanguard https://www.vanguardinvestor.co.uk/ This is not an affiliate link. Trading 212 Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1. https://www.trading212.com/promocodes/MM If yo

Welcome to the financial education we should've had. It's crazy we're not taught about money in the UK, but the good news is that getting good with money is no harder than learning to drive a car. What are the key steps? That's why we're here.