Listen

Description

The wealth transfer from baby boomers to their children is set to be the largest in history. This has created an unfair system—where parental wealth is the main determinant of success in life—says generational historian Dr Eliza Filby. She has written a book called Inheritocracy: It’s Time to Talk About the Bank of Mum and Dad. She travelled around the UK to explore who wins, who loses, and what we should be doing about it.

🤝 Get help from a financial adviser to navigate big decisions

⁠⁠⁠https://makingmoney.email/financial-advisors-audio⁠⁠⁠

🎉Sponsors

Odoo - 45 business apps in one: ⁠⁠⁠⁠https://www.odoo.com/r/MM1⁠⁠⁠

Vanta - Get your company secure and compliant: ⁠⁠⁠https://vanta.com/makingmoney⁠⁠⁠

Tide - Get up to 4.22% AER (variable) on your business savings. Use this link ⁠⁠⁠https://www.tide.co/offers/makingmoney⁠⁠⁠ or the code 'MAKINGMONEY'. You'll also get £100 if you fund your🤝 Want help navigating big financial decisions from our advisers?

⁠⁠⁠⁠⁠https://makingmoney.email/financial-advisors-audio⁠⁠⁠⁠⁠

🎉Sponsors

National Franchise Exhibition - get free tickets: ⁠⁠⁠⁠https://makingmoney.email/franchise-exhibition⁠⁠⁠⁠

Vanta - Get your company secure and compliant: ⁠⁠⁠⁠https://vanta.com/makingmoney⁠⁠⁠⁠

Tide - Get up to 4% AER (variable) on your business savings. Use this link ⁠⁠⁠⁠https://www.tide.co/offers/makingmoney⁠⁠⁠⁠ or the code 'MAKINGMONEY'. You'll also get £100 if you fund your account with £5,000 in the first 30 days. Ts&Cs apply. 

The more you save, the higher the rate—up to 4% AER (variable) on balances over £1M. New Tide members receive these rates free for 6 months, then your Tide plan’s savings rate and thresholds apply. Visit ⁠⁠⁠⁠https://tide.co/savings⁠⁠⁠⁠ for full terms and conditions.

📈 Investment platforms we use:

Trading 212

Watch this video where Damo explains how to get the most from it:⁠⁠ https://youtu.be/BVVZhrM0LVQ⁠⁠

Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1.

Use the code ‘MM’ or this link:⁠⁠ https://www.trading212.com/join/MM⁠⁠

InvestEngine 

Get up to a £50 bonus when you invest at least £100.

⁠⁠https://investengine.pxf.io/daOD2Q⁠⁠

Vanguard

Minimum investment of £500 or £100/month.

⁠⁠https://www.vanguardinvestor.co.uk/

If you purchase a product or service using one of the links above, we may receive a commission. 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.

This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.