In this episode of the Mind Money Soul podcast, I’m going to be sharing how to stop letting your money go. Are you sick of feeling like your money is constantly slipping through your fingers? Does it disappear before you can even think about saving or investing? I get it, it can be hard to manage your money, especially when there are so many moving parts. There’s a lot of factors that can impact your money management; the economy, inflation, being single or a business owner, etc. Which is why it’s so important to shift as things change for you. It’s about not getting caught up, overwhelmed or lost in your finances. It’s about being intentional, aware and able to recognise habitual things in the present moment that will help your future self. If you want to become financially independent, you need to learn how to grow and manage your money by building an abudance mindset and trusting yourself. To start on this journey, you need to take small actions to manage your money. This could look like commiting to monthly money dates, showing yourself that you're good with your finances and tracking your spending. These actions will build up your identity and behaviour over time, and little by little each day you'll become a step closer to a version of yourself that's good with money, financially free and empowered. In this episode: Tip #1 | Track your spending Tip #2 | Change your identity Tip #3 | Build trust Resources Download the ULTIMATE annual money planner Connect with me on Instagram, on LinkedIn or on TikTok Send me an Email Book a Money Mindset Exploration Session Get a copy of my FREE Monthly Spending Planner Template Get a copy of my FREE Money Date Template Join Becoming Debt Free Join The Feel Good Investor

In this episode of the Mind Money Soul podcast, I’m going to be sharing a life, dating and business update. Strap yourself in, because a LOT has happened in Q1 of 2024, including multiple dates, a mindfulness retreat which quite frankly changed my entire existence, and some big revelations in my business. I’ll be spilling the tea on my latest dates including a failed second date with an Irish barman and a hilarious triple date. Plus, I’ll be sharing invaluable lessons from a talk with Liz Gilbert, Author of Eat Pray Love and one of my favourite books, Big Magic. Tune in to today’s episode to hear all about the 2 day mindfulness retreat I attended with Global Coaches Jessie Douglass-Smith McGraw and Wyn Morgan. The retreat was centred around the idea that all of our suffering comes from our thoughts, but we are not our thoughts. Yes we have thoughts, but we get to choose which thoughts to believe and it’s our inner wisdom and life energy that keeps us going as humans. This retreat honestly changed my life and this episode could be the catalyst to change yours too. In this episode: Lessons from a talk with Liz Gilbert The 2 day retreat which changed my life Dating tales from Dubai Spilling the tea on our double turned triple date A breakdown of my upcoming CEO day What’s coming up at Mind Money Soul HQ Resources Download the ULTIMATE annual money planner Connect with me on Instagram, on LinkedIn or on TikTok Send me an Email Book a Money Mindset Exploration Session Get a copy of my FREE Monthly Spending Planner Template Get a copy of my FREE Money Date Template Join Becoming Debt Free Join The Feel Good Investor Follow Jessie Douglass-Smith McGraw Follow Wyn Morgan

In this episode of the Mind Money Soul podcast, I’m going to be sharing why millionaires invest. No one ever got rich JUST from saving. Yes, saving is an important part of your financial plan; it allows you to learn the art of delayed gratification, how to not spend all your money and it teaches your body and brain what it feels like to hold onto money. However, if you only save in cash, it’s a recipe for disaster. Your buying power decreases every year due to inflation which is killing all of your hard earned money. This is why millionaires do what they can to retain the buying power of their money by taking calculated risks, investing and growing their money. There are proven successful methods of investing your money for profit to beat inflation, retain the buying power of your money and increase your net worth including investing in property, the stock market, businesses, gold, art, collectables and bitcoin. Your capital is always at risk, which is why it’s so important to do your education around investing. Those who learn and understand the language of money, understand their own risk profile and learn how to make their money work for them, are the ones who come out on top. Investing is a huge part of financial independence and the simple fact is, if you want to be wealthy, you’ve got to invest. You’re never going to rich just from saving. There’s a narrative that you have to be rich to invest but that’s not true. Start small, start today and begin working towards your financial freedom now. In this episode: How the perceived value of money is determined economically and emotionally How money was created as an universal way to exchange value Why you will never become wealthy just from saving your money How millionaires retain the buying power of their money The huge financial difference between saving or investing your money How to learn how to invest in order to achieve financial independence Things that impact becoming a successful investor Resources Download the ULTIMATE annual money planner Connect with me on Instagram, on LinkedIn or on TikTok Send me an Email Book a Money Mindset Exploration Session Get a copy of my FREE Monthly Spending Planner Template Get a copy of my FREE Money Date Template Join Becoming Debt Free Join The Feel Good Investor

In this episode of the Mind Money Soul podcast, I’m going to be sharing why all millionaires work on their relationship with money and why you should be, too. Relationships aren’t easy, they take work. Think about your friendship circle, you need to put in time, effort and organisation in order for these relationships to thrive. This could look like taking time out of your busy schedule to communicate and check in with each other. If you neglected your friendship, chances are your friend would be looking for a new bestie. If we think about relationships in a romantic sense, you need to have date nights, spend quality time together and put in the work when issues arise. If you don’t, your relationship will fall apart. Bottom line is, in order for relationships in any capacity to thrive, there is always love, respect and effort. Now, the same goes for money! You have to give your money quality time. You have to show your money care and respect. It needs to know your desires and expectations. It needs guidance so it can work in alignment with you and your big happy goals. Improving your relationship with money and working on your money mindset are the foundations to achieving your millionaire status. Millionaires have an abundant mindset, they understand the importance of working on their relationship with money, taking risks, investing and learning about financial empowerment. This is the secret sauce to becoming and staying wealthy. In this episode: Characteristics of healthy & unhealthy relationships What does a healthy relationship with money look like? How to identify if you’re a good house for money How your energy can attract or repel money The best way to improve your relationship with money How to understand your limiting beliefs How to improve your money mindset with subconscious reprogramming How to reach millionaire status with an abundant mindset Resources Download the ULTIMATE annual money planner Connect with me on Instagram, on LinkedIn or on TikTok Send me an Email Book a Money Mindset Exploration Session Get a copy of my FREE Monthly Spending Planner Template Get a copy of my FREE Money Date Template Join Becoming Debt Free Join The Feel Good Investor

In this episode of the Mind Money Soul podcast, I’m going to be sharing why it’s imperative that you plan for the future. The term future can mean anything from 1 day to 10 years but the simple fact is, if you don’t have a financial plan for your future, it’s going to happen TO you, not FOR you. So, what does creating a financial plan look like? Short term planning looks like creating a monthly spending plan, knowing how you’re going to spend your money tomorrow and moving money aside for short term goals and emergencies. Long term planning looks like big picture thinking, creating a vision for what you want your life to look like in 10+ years, and making an actual plan to get there. Creating financial goals is so much more than just deciding how much you want in your pension pot. It’s about the bigger picture; what do you want from your life and how do you want it to feel? You get to choose. In this world we have autonomy and the way that we show up on a day to day basis is going to help create and shape our future. Your daily habits, become your life. Financial independence won’t just happen to you, you have to make it happen for yourself. Your big happy goals aren’t going to just fall into your lap, so making a plan and taking action is essential - this is how millionaires get and stay wealthy. In this episode: Short term planning vs. long term planning The link between money and mental health How to identify and understand your career drivers How to uncap your income ceiling in an job that brings you joy How to build wealth sustainably to achieve financial freedom How to reverse engineer your financial dreams Mindset hacks: demolish limiting beliefs and dream big Rags to riches: the perseverance behind ‘overnight success’ Resources Download the ULTIMATE annual money planner Connect with me on Instagram, on LinkedIn or on TikTok Send me an Email Book a Money Mindset Exploration Session Get a copy of my FREE Monthly Spending Planner Template Get a copy of my FREE Money Date Template Join Becoming Debt Free Join The Feel Good Investor Use the free compound interest calculator

In this episode of the Mind Money Soul podcast, I’m going to be sharing how to reach financial freedom by clearing your debt and steering clear of high interest debt. Welcome back to part 3 of the 'how to become wealthy' series. I’m spilling the secrets of millionaires and sharing the top 6 things they are doing to successfully manage and grow their money. I want to preface this episode by explaining that not all debt is bad and some debt can be useful like student loans, mortgages and business loans. Let’s take a look at a student loan where you borrow money from the government to up-skill and improve your knowledge with the aim to get a job or career with a high income. The key difference with this debt is that you are utilising debt to make more money, get closer to being wealthy and achieve financial freedom. On the flip side, consumer debt is a destroyer of your finances. This is where a debt (through the use of credit cards, overdrafts and personal loans) is used to fund consumption rather than investment. This type of debt is bad when it becomes unmanageable, whether that’s because you can’t afford to make payments or you’re being charged a high interest. This will eat into your ability to grow your money and work towards financial independence because your hard earned money is going to the loan providers. Tune in to today’s episode if you want to learn how to think like a millionaire, get high interest debt cleared and leverage debt to build wealth. In this episode: Good debt vs. bad debt: what’s the difference? 3 types of debt which are useful How consumer debt can become an overwhelming problem How credit cards can be useful when used responsibly How making minimum repayments is costing you money How to leverage capital and debt to make more money Resources Download the ULTIMATE annual money planner Connect with me on Instagram, on LinkedIn or on TikTok Send me an Email Book a Money Mindset Exploration Session Get a copy of my FREE Monthly Spending Planner Template Get a copy of my FREE Money Date Template Join Becoming Debt Free Join The Feel Good Investor Use the free compound interest calculator

In this episode of the Mind Money Soul podcast, I’m going to be sharing how to reach financial freedom by making smart choices. Welcome back to part 2 of the 'how to become wealthy' series where I’m spilling the secrets of millionaires and sharing the top 6 things they are doing to successfully manage and grow their money. In today’s episode I reveal something which is second nature to millionaires: making informed choices. In an ideal situation, you’ll take time to consider big financial decisions before you commit to them, rather than them being an afterthought. For example, when it comes to buying a property, have you properly run all the numbers? Tune in to learn the hidden costs, fees and risks associated with buying a house and the factors that you might not be considering which may lead you to become financially crippled. The bottom line is, just because you have the money, doesn’t mean you should spend it. It’s common to get so excited by the prospect of what you're buying that you forget to plan ahead and consider all the potential things that could be a financial nightmare in the future. You never know when your financial situation could change, so be mindful, take your time and make educated choices. Hidden costs and fees to consider when buying a property Buying a house vs. considering your lifestyle and future goals How to work out if renting is the best option for you The biggest financial mistake made when purchasing a car The questions millionaires ask in order to make sensible decisions The correlation between low financial wellbeing and poor mental health How to create a buffer between your income and expenditure Resources Download the ULTIMATE annual money planner Connect with me on Instagram, on LinkedIn or on TikTok Send me an Email Book a Money Mindset Exploration Session Get a copy of my FREE Monthly Spending Planner Template Get a copy of my FREE Money Date Template Join Becoming Debt Free Join The Feel Good Investor Use the free compound interest calculator

In this episode of the Mind Money Soul podcast, I’m going to be sharing how to reach financial freedom by spending wisely. Welcome to the start of a 6 part series on how to become wealthy. I’m going to be spilling the secrets of millionaires and sharing the top 6 things they are doing to successfully manage and grow their money. Although the term millionaire is used frequently during this episode, being wealthy doesn’t necessarily mean you need to reach the status of a millionaire. At it’s core, being wealthy is about living the life that you want by having the 3 things money can give you: freedom, choice and independence. The first thing that millionaires do to become and stay wealthy is spend wisely. We all get taught how to spend our money, but do you know how to spend wisely? Tune in to today’s episode to learn the key difference, because adding this extra step will transform your mindset and relationship with money. If you want to learn how to spend with intention so that you can live in the moment whilst also supporting your future self, start here. In this episode: The difference between spending and spending wisely How to be intentional by having a spending plan and budgets How instant gratification can derail your future goals How to live manage and grow your money to reach financial freedom The importance of having an intentional fun fund Why millionaires don’t always look like millionaires Resources Download the ULTIMATE annual money planner Connect with me on Instagram, on LinkedIn or on TikTok Send me an Email Book a Money Mindset Exploration Session Get a copy of my FREE Monthly Spending Planner Template Get a copy of my FREE Money Date Template Join Becoming Debt Free Join The Feel Good Investor Use the free compound interest calculator

In this episode of the Mind Money Soul podcast, I’m going to be answering the common question of “how much should I be investing?” Technically this is a trick question, because when the word ‘should’ is involved it requires us to look closer. When it comes to investing, there is no right or wrong way and it’s going to look different for everyone. Personal finance is exactly that, it’s personal. There are 3 main things to consider when it comes to investing, including affordability, your long term plans and how to increase your investment pot. The short answer is - it’s not a case of how much ‘should’ you invest, it’s really about how much you would ‘like’ to invest. What is your why behind investing? What is driving you towards investing? What is your big happy goal? Sitting with these questions and reverse engineering your goals will be a huge support on your investing journey. In this episode: How to calculate how much you can afford to invest How to be realistic and minimise risk when you invest Why long term goals will drive your investment choices How to make the most of compound interest How to bring in more money to invest How to get your money to work for you Resources Download the ULTIMATE annual money planner Connect with me on Instagram, on LinkedIn or on TikTok Send me an Email Book a Money Mindset Exploration Session Get a copy of my FREE Monthly Spending Planner Template Get a copy of my FREE Money Date Template Join Becoming Debt Free Join The Feel Good Investor Use the free compound interest calculator

In this episode of the Mind Money Soul podcast, I’m going to be sharing my 3 top tips on how to manage your money better. It’s the most simple and straightforward thing but it’s something that so many of us struggle with. In fact, I’d make a confident assumption that everyone listening to this episode could be better at managing their money. Money management isn’t complicated or difficult, it’s simply deciding where you want your money to go. Most people fall down because they either don’t know where their money is going or they assume it will sort itself out. Mastering the art of money management can be achieved by small actions such as setting up a separate spending account, creating a spending plan and working on your money mindset. Managing your money will give you power and control over your finances, allowing you to no longer live pay check to pay check and to save towards your big happy goals. In this episode: Why you should have a separate spending account How to create a saving, spending and investing plan Why you should always pay yourself first How to understand your emotional triggers and money beliefs How to practise mindful spending through visualisation Resources Download the ULTIMATE annual money planner Connect with me on Instagram, on LinkedIn or on TikTok Send me an Email Book a Money Mindset Exploration Session Get a copy of my FREE Monthly Spending Planner Template Get a copy of my FREE Money Date Template Join Becoming Debt Free Join The Feel Good Investor

In this episode of the Mind Money Soul podcast, I’m going to be sharing 4 things to consider when you’re debating whether to quit your job to run your business full time. I get asked this question often and it’s something I’m able to advise on from a financial expert perspective and also on a personal level, as I quit my long-term job fulfil my souls calling and pursue my career. In today’s episode I share my story, how I built Mind Money Soul as a side hustle and how I successfully turned my passion into a full time business. It’s not as simple as waking up one day and deciding you want to quit your job. There are important elements to consider if you’re serious about creating a profitable, sustainable business. There’s a narrative that 9-5’s suck and being a business owner is elite, but sometimes the grass isn’t always greener. As an employee, the benefits can be very attractive - a workplace pension, the security of a salary, work perks, the support and companionship of having colleagues. That said, the freedom that comes with being self-employed is incomparable. It’s important to remember that not everyone is cut out to be an entrepreneur, business owner, founder or freelancer and often you won’t know until you try - maybe you’ll love it more than you ever imaged or maybe you’ll realise it’s not for you. The key thing is to ensure you’re going into this process mentally and financially prepared. In this episode: How I created my business as a side hustle 4 things to consider before you quit your full time job How to feel supported by your emergency fund How to project your income and expenses How to identify if your business is sustainable The importance of mindset work and mental preparation How to successfully turn a passion into a business Resources Download the ULTIMATE annual money planner Connect with me on Instagram, on LinkedIn or on TikTok Send me an Email Book a Money Mindset Exploration Session Get a copy of my FREE Monthly Spending Planner Template Get a copy of my FREE Money Date Template Join Becoming Debt Free Join The Feel Good Investor

In this episode of the Mind Money Soul podcast, I’m going to be sharing how to avoid a lifestyle creep. Lifestyle creep is when an individuals standards of living improves as their discretionary income rises and former luxuries become new necessities. The rise in discretionary income can happen either through an increase of income or in a decrease in costs. Essentially this means you have more ‘fun’ money to play with (things that aren’t going towards bills or debt) but instead of keeping the same lifestyle or investing/ saving your extra money, you choose to inflate your lifestyle to meet your pay check. Why is this a financial trap? It can totally derail your future plans (including retirement plans or clearing your debt) and prevent you from reaching your big happy goals. The dangerous thing is that it can start really small. You might choose the most expensive thing on the menu, or grab an Uber more than you choose to walk. All of these little purchases that you deem ‘necessities’ will become an integral part of your life. The issue isn’t with living a boujee lifestyle, it’s the fact that you're not putting a financial buffer in place and you’re not going to feel the financial effects of this increase of money. The key lesson is: having more money allows you to get closer to your big happy goal but you have to be intentional with that money. In this episode: Understanding the term ‘lifestyle creep’ Why lifestyle creep is a financial trap How lifestyle creep starts small and filters up How to build wealth by saving and investing Why you need to have a financial buffer What wealthy people do to protect and grow their money 3 tips on how to avoid lifestyle creep The importance of being intentional with your money The benefit of automating your finances Why you should set long term exciting goals Resources Download the ULTIMATE annual money planner Connect with me on Instagram, on LinkedIn or on TikTok Send me an Email Book a Money Mindset Exploration Session Get a copy of my FREE Monthly Spending Planner Template Get a copy of my FREE Money Date Template Join Becoming Debt Free Join The Feel Good Investor

In this episode of the Mind Money Soul podcast, I’m going to be reviving a trend and sharing my financial ins and outs of 2024. I’m kicking the episode off with positivity and inspiration by diving straight into my top 8 ‘ins’. My list is a real mix, from money dates and investing, to capsule wardrobes and Vinted. The word for 2024 is INTENTION. Are you spending and saving mindfully? Second hand marketplaces like Vinted are an amazing way to practise mindfulness by supporting sustainability, not spending an insane amount of money on fast fashion, and being intentional with your purchases. I’ll also be sharing my top 6 ‘outs’ including buying things out of habit or impulse. If you can relate to this, the trick is to focus on the root problem, not the consequence. Emotional buying is a by-product of how you’re feeling about yourself, money and life. When you focus on the root cause, you’ll notice that the emotional spending will reduce and over time, stop. Again, it’s all about intention. In this episode: Why you should date your money How to identify is you’re spending in alignment How to set personal financial goals that excite you Mantra: there is more than enough to go around The benefit of using a credit card to pay for flights How to track your spending with ease Why 2024 is the year you learn to invest How to create a capsule wardrobe Stop spending money on people you don’t like How to stop avoiding your bank account How to take control of your finances Why you don’t need unnecessary consumption to feel whole How to change your relationship with Apple Pay Resources Download the ULTIMATE annual money planner Connect with me on Instagram, on LinkedIn or on TikTok Send me an Email Book a Money Mindset Exploration Session Get a copy of my FREE Monthly Spending Planner Template Get a copy of my FREE Money Date Template Join Becoming Debt Free Join The Feel Good Investor

In this episode of the Mind Money Soul podcast, I’m going to be sharing why money dates are the ultimate tool for taking control of your money. A money date is the practise of regularly sitting down 1 on 1 with your money, spending time with it and going through all the information to analyse the past week or month, plan ahead for the following month and reflect on your relationship with money. This data will move you to the financial drivers seat, so that your money is no longer the one in control. Like I always say, data is knowledge, and knowledge is power. You have to treat your money like you would treat a partner in a healthy, loving relationship. If you’re not going on date nights, spending quality time together or connecting as a couple, you're not going to understand each other and the relationship will break down. It’s exactly the same with money. You need to date your money in order to show your money that you care, respect, love and are interested in it. Going on regular money dates will allow you to feel good about money, build wealth, explore your relationship with money, move closer to your big happy life goals, build financial resilience and improve your confidence. In this episode: What are money dates? Why money dates are so important Why you should be having a money date monthly Step by step guide on how to conduct a money date How to analyse what financially happened last month Ways to manage your money and plan ahead for the month Journal prompts to improve your relationship with money Resources Download the ULTIMATE annual money planner Connect with me on Instagram, on LinkedIn or on TikTok Send me an Email Book a Money Mindset Exploration Session Get a copy of my FREE Monthly Spending Planner Template Get a copy of my FREE Money Date Template Join Becoming Debt Free Join The Feel Good Investor

In this episode of the Mind Money Soul podcast, I’m going to be sharing the 3 financial goals you NEED for 2024 and how to actually achieve them. 2024 in Numerology is an '8' year full of success, achievements and abundance, which is why when you think about your 2024 goals, it’s even more important to have a section focused on finances. Breaking your goals down into categories will allow you to be intentional with your life goals, which many believe is the key for success. Remember, we are all in control of our own destiny. We owe it to ourselves to put time and thought into carving out the direction of our year in order to create the life of dreams. This comes with intentionality, mindfulness and planning. So, take note as I share the steps and processes to achieving your financial goals. In this episode: The importance of building an abundance mindset New level, new devil: how to work through mindset blocks Journal prompts to identify your biggest financial challenge 6 methods to change your money mindset The best way to create your emergency fund The perks of using a spending planner How to invest and build wealth in 2024 Resources Download the ULTIMATE annual money planner Connect with me on Instagram, on LinkedIn or on TikTok Send me an Email Book a Money Mindset Exploration Session Get a copy of my FREE Monthly Spending Planner Template Get a copy of my FREE Money Date Template Join Becoming Debt Free Join The Feel Good Investor

In this episode of the Mind Money Soul podcast, I’m going to be sharing my top 5 mindset shifts to clear your Christmas debt so that you can become debt free in 2024. Sometimes Christmas can take you by surprise and you spend more than you think. Perhaps you went over budget, ran wild in the Boxing Day sales, spent money to deal with your emotions, or splashed out because ‘fuck it, it’s Christmas!’ You won’t be alone here. If you’ve hit January in sheer panic and you’re counting down until your next pay check, I’ve got you! This episode is going to touch on the different attitudes and mindsets towards clearing your Christmas debt and how to think about debt moving forwards in order to make 2024 your best financial year yet. In this episode: Why honesty is the best policy when it comes to debt How to own and deal with your debt on an emotional level Why clearing debt is a form of self care How to discover your joy by spending less money Power move: the art of delayed gratification Why clearing debt isn’t easy, but is SO worth it Resources Connect with me on Instagram, on LinkedIn or on TikTok Send me an Email Book a Money Mindset Exploration Session Get a copy of my FREE Monthly Spending Planner Template Get a copy of my FREE Money Date Template Join Becoming Debt Free Join The Feel Good Investor

In this episode of the Mind Money Soul podcast, I’m going to be sharing 31 powerful money mantras. Welcome back to the first episode of 2024. I want this episode to be an episode that you come back to time and time again or whenever you are in need of some financial inspiration and motivation. This episode is one you can play at any time of day, whatever you’re doing. I want you to listen carefully to the words and truly embody them. Mantras hold great power. When you change how you think and talk, it starts to change how you feel. When you change how you feel about yourself and money, you'll find that naturally your behaviours begin to change. Why? Because your behaviours align with how you feel. This is the mindset that will help you create the future you deserve and desire. So, let’s make 2024 your best financial year yet. Mantras include: Money comes to me easily and flows to me freely I attract abundance and prosperity everyday of my life I am a powerful money magnet Money comes to me easily and flows to me freely I am worthy of having and holding onto money I deserve to build wealth I am financially free Resources Connect with me on Instagram, on LinkedIn or on TikTok Send me an Email Book a Money Mindset Exploration Session Get a copy of my FREE Monthly Spending Planner Template Get a copy of my FREE Money Date Template Join Becoming Debt Free Join The Feel Good Investor

In this episode of the Mind Money Soul podcast, I’m going to be sharing the pros and cons of consolidating your pensions. Every time you start a new job, you get enrolled into a new workplace pension. This means if you’ve changed your job multiple times, you’ll have pensions all over the place. In the UK there are nearly 20 billion pounds of unclaimed and lost pension pots! It’s really important that you avoid becoming part of this statistic by ensuring you have full visibility of your pensions. If you need help, you can use the free pension tracing service to track all of your pensions from different providers. This is an incredibly nuanced topic, largely because there are so many different pension providers that offer different features, benefits and fees, and everyone is a bespoke combination of all of these things. If you’re interested, this is something I’d recommend chatting with a financial advisor who can ensure you’re making the most out of your pensions. In this episode: How to have full visibility and keep track of how your pensions are performing How to reduce paperwork and admin by consolidating your pensions Ways to save money on management and admin fees Why consolidating your pensions will provide greater options for investment 4 reasons why you might choose to not combine your pensions 5 things to consider before consolidating your pensions Key takeaways and recap of the 4 part pension series Resources Connect with me on Instagram, on LinkedIn or on TikTok Send me an Email Book a Money Mindset Exploration Session Get a copy of my FREE Monthly Spending Planner Template Get a copy of my FREE Money Date Template Join Becoming Debt Free Join The Feel Good Investor

In this episode of the Mind Money Soul podcast, I’m going to be answering the rather large question of “how much should I be saving for my retirement?”. The short answer is, there’s no right or wrong way and it’s going to look different for everyone. Some financial experts offer a formula to help you calculate your pension which is handy, however I believe in order to work out how much you need to put away, you need to know what you’re working towards. How much do you actually want to retire on and what type of lifestyle do you want? Getting clear on these questions will help you understand how this transposes into financial habits in the now. Remember, you do not have to get an exact amount - it can ebb and flow. Understanding pensions and having an idea of what retirement looks like for you is going to help you know if you’re on track. You can then work backwards and reverse calculate how much you should be saving or investing each month based on your ideal retirement and goal. In this episode: A formula financial experts use to work out your pension How to reverse calculate how much you need in your pension What RLS recommend as an annual retirement income How to work out your pension gap Ways to reach your retirement fund target What to do if you currently have £0 in your pension pot Resources Connect with me on Instagram, on LinkedIn or on TikTok Send me an Email Book a Money Mindset Exploration Session Get a copy of my FREE Monthly Spending Planner Template Get a copy of my FREE Money Date Template Join Becoming Debt Free Join The Feel Good Investor

In this episode of the Mind Money Soul podcast, I’m going to be sharing the benefits and the downfalls of different pension products, the other ways you can prepare for retirement and I’ll be comparing pensions vs. ISA’s. This is part 2 of the pension series and today I’m going to be answering the question “should I be saving money in a pension or an ISA?”. Remember, pensions are just one way that you can prepare for retirement - business, property and investment are the 3 main alternatives. It’s normal to feel overwhelmed and confused by your options, however when you understand the pros and cons, rules and features of each product, it will help you make a decision that is right for you. Remember, knowledge fuels power and allows you to make educated choices with confidence. Ultimately, there is no right or wrong way on how to prepare for retirement and it’s going to look different for everyone. It’s about getting clear on when you want to retire, how much you want for retirement and understanding what option/s will work best for you. In this episode: Alternative ways to prepare for retirement A breakdown of the different types of ISA’s How you can withdraw money from a pension Pros and cons of paying into a pension The basics of tax relief explained Investing into a pension vs. the stock market Resources Connect with me on Instagram, on LinkedIn or on TikTok Send me an Email Book a Money Mindset Exploration Session Get a copy of my FREE Monthly Spending Planner Template Get a copy of my FREE Money Date Template Join Becoming Debt Free Join The Feel Good Investor