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Show Notes for The Aspiring Psychologist Podcast Episode 109: Understanding pensions for psychologists with Ian Dempsey

Thank you for listening to the Aspiring Psychologist Podcast.

In this episode of the Aspiring Psychologist podcast, I am welcoming back a guest from my previous episode – Ian Dempsey. Whilst this episode may not be focused on psychology, it is important for anyone stepping into the career realms and thinking about the future. Join us as we discuss all things pensions, investing and futures, including the NHS pension, the importance of starting early, and potential tax advantages of pensions.

We hope you find it so useful.

I’d love any feedback you might have, and I’d love to know what your offers are and to be connected with you on socials so I can help you to celebrate your wins!

The Highlights:

• (00:00:39): Welcoming Ian back!
• (00:02:18): The importance of managing money
• (00:03:03): Reflecting on past financial experiences
• (00:04:56): The legality of pensions
• (00:05:58): The long term benefit of starting pensions early
• (00:07:36): What is compound interest and how does it work?
• (00:11:08): The not-so altruistic nature of “rounding up” your shopping in supermarkets
• (00:12:49): The power of growth and refining
• (00:14:35): The benefits of the NHS pension
• (00:17:39): Starting a pension for kids?!
• (00:18:39): You do not need to have a lot left over
• (00:20:52): Asking yourself the big questions
• (00:22:24): The future is not fixed
• (00:23:58): The impact of our current cost of living crisis
• (00:25:50): The different types of pensions
• (00:28:03): Can you truly invest yourself?
• (00:32:01): You can have a dabble with financial matters
• (00:34:57): When looking for financial advisors…
• (00:37:58): The importance oof financial advisors
• (00:42:33): Finding the balance of plans and life
• (00:45:29): I wish I had started sooner…
• (00:48:03): Life outside money
• (00:51:02): The safety of pensions
• (00:53:19): The other benefits of money management
• (00:58:51): On choices and having options
• (00:59:55): Connect with Ian
• (01:01:34): Ian’s big tip for everyone
• (01:02:49): summary and close

Links:

📱 To connect with Ian on LinkedIn: https://www.linkedin.com/in/ian-dempsey/?originalSubdomain=uk

🖥️ Check out my brand new short courses for aspiring psychologists and mental health professionals here: https://www.goodthinkingpsychology.co.uk/short-courses

🫶 To support me by donating to help cover my costs for the free resources I provide click here: https://the-aspiring-psychologist.captivate.fm/support

📚 To check out The Clinical Psychologist Collective Book: https://amzn.to/3jOplx0

📖 To check out The Aspiring Psychologist Collective Book: https://amzn.to/3CP2N97

💡 To check out or join the aspiring psychologist membership for just £30 per month head to: https://www.goodthinkingpsychology.co.uk/membership-interested

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