Heather Katsonga-Woodward - Podcast Details

Shows

The Money Spot™ - UK Personal Finance#51 Lean Financial Independence on £7,000 a year before age 40In this inspiring podcast episode, we explore the remarkable story of Jon, a true financial maestro who has maintained an annual budget of under £7,000 since 2009. What makes his journey truly extraordinary is not just his modest income, but his ability to achieve financial independence. If Jon were to cease working today, his sustainable living wouldn't falter. So, how does he work this financial wizardry? Jon's secret lies in his meticulous tracking of expenses, not income. He openly admits to occasional years where his spending exceeded his earnings. However, his steadfast indifference to material desires, such as fashionable attire and dining o...2023-09-1443 min

The Money Spot™ - UK Personal Finance#50 Assume you won't get the State Pension when planning retirementTo include the State Pension or to ignore the State Pension, that is the question…when you’re retirement planning. If you’re a millennial (born between 1981 and 1996) or later, I’ve come to a bold conclusion: it’s best to assume you won’t receive a State Pension, when you’re planning how much to save for retirement. Let me explain why… While it's likely that some form of State Pension will persist, I believe there’s a good chance that it will become much less generous or that the state retirement age will increase even further. It is also possible that...2023-07-1410 min

The Money Spot™ - UK Personal Finance#49 You won’t believe how little you need to save to retire … if you start early!Retirement is a dream shared by many of us, but achieving it requires careful planning and early action. In this article, we’ll delve into the world of retirement savings and reveal exactly how much you need to save each month to retire comfortably. So, if you're aiming for financial independence but are possibly thinking it’s a pipe dream, buckle up and discover the key to retiring early! A little teaser: if you start saving at 22, to have £1 million by the time you are 68 you only need to save £195 each month if you're single...how much do you need to sav...2023-07-0813 min

The Money Spot™ - UK Personal Finance#48 Unleashing your financial freedom: the game-changing FIRE movement demystifiedHave you heard about the FIRE movement? It's an acronym for Financial Independence Retire Early. While many people interpret it literally, there's more to this movement than meets the eye. In this episode, we delve into what FIRE truly means, dispel some common misconceptions, and explore the different aspects of achieving financial independence (or FI) and retiring early. Contrary to popular belief, the FIRE movement is not a cult or a race to become a millionaire overnight. FIRE is also not about living close to the poverty line so that you can save every penny possible – in the process depriving yo...2023-07-0110 min

The Money Spot™ - UK Personal Finance#47 Investing 101: where to put your money, how much to invest and what to invest it inInvesting 101 – HOW TO START INVESTING: where to put your money, how much to invest and what to invest it in? I receive a lot of questions about “how to start investing” and this month alone I’ve fielded quite a few, so, as a belated birthday present to myself I decided to get this all out into a simple blog. Any tax rates and thresholds mentioned in this post will be correct as at the time of writing but tax is something that gets tinkered with all the time so this could get dated pretty quickly but using figures will help you...2022-12-2641 min

The Money Spot™ - UK Personal Finance#46 How can I borrow more and house hack my way to a buy-to-let property portfolio?Hi Heather, Here’s my questions. I'm a single first time buyer, I have just under £10k deposit and i can borrow up to £200K based on some mortgage brokers.. is there any way I can borrow more money to buy a bigger house? What are your thoughts on the "helping hand mortgage" by Nationwide. Are there any other schemes for first time buyers? Second question, my plan is to use the house hacking method to save up faster in order to invest in more BTL properties. What’s your advice on house hacking and is it legal, do i need t...2022-10-1020 min

The Money Spot™ - UK Personal Finance#45 I'm renting and own a BTL property. Will I pay the extra 3% stamp duty?Amrita owns a buy to let property and is a renter herself. She has been renting for over a year and wants to buy a home to live in. She wonders if she will have to be pay the extra 3 per cent stamp duty tax on the purchase of her new home. In addition, if she is subject to the extra 3% tax, she asks if she can she avoid it by buying her home through a limited company? That’s what we answer in this short podcast. If you need advice for your own situation, please contact a mortgage broker or...2022-09-0505 min

The Money Spot™ - UK Personal Finance#44 Pension SoS for women and the self-employedI always say that if you get nothing else right in your financial life, at least own where you live outright by the time you hit retirement and ideally much earlier. Well that’s not quite right, the other thing you need to make sure of, is that you qualify for the full UK state pension. Currently, when I am 68, for so long as I have 35 qualifying years, I will get £185/week in state pension until my dying day. That’s about £800/month or £9,620/year. This is not an insignificant amount and if you live with someone, i.e. your partner...2022-07-1810 min

The Money Spot™ - UK Personal Finance#43 How we upsized from a £385k home to a £1.1m homeWhen you’re at one point in your life it’s often nearly impossible to imagine having much more than what you’ve got – or maybe that’s just my lack of imagination – anyhow, in this podcast I recount the steps we went through to move from our £385,000 beautiful terraced home to a £1.1m detached bungalow in the same neighbourhood. We did all this in 2020 but, even as recently as in 2017, when I walked past the homes on the street where we now live, I thought actually living in one of them was pure fantasy for us and at that point, it was...2022-07-0437 min

The Money Spot™ - UK Personal Finance#42 How you and your partner can split bills without arguingIf you’re looking for ideas on how you and your partner can split the household bills without arguing about it, I have a few ideas for you. Obviously what you ultimately go for depends on your own specific circumstances, e.g. whether you’re married or in a civil partnership or not in either, employment status, differences in income and personal beliefs, however, you can either: 1. Split bills fairly – this can mean equally, i.e. 50-50; or in proportion to your incomes. 2. Approach finances with unity – i.e. all money earned belongs to the household regardless of who earned it and i...2022-06-2010 min

The Money Spot™ - UK Personal Finance#41 Equity release will rob your kids of their inheritance & you of peace of mind!If you’re over 55 and own your home outright or have significant equity, banks target you for equity release schemes. There are two types: lifetime mortgages and home reversion schemes. With a lifetime mortgage you generally get a loan based on the value of your house and your age – the higher your home’s value and the older you are the bigger the loan you can get. Then, rather than pay interest monthly, compound interest is charged and accumulates without payment until your death at which point your house is sold to pay off the borrowed money and accumulated interest. Most l...2022-06-0616 min

The Money Spot™ - UK Personal Finance#40 A student loan is a form of debt, period! Why I disagree with Martin Lewis...Now, I disagree with Martin Lewis (the founder of moneysavingexpert.com) on many issues related to debt but on no issue are we more at logger heads than on student loans! Martin Lewis is of the view that UK student loans are not really loans but a form of tax, a graduate tax, in his view…his reasons for thinking this way are based on the way student loans are currently structured. I disagree because viewing UK student loans as a just another tax ignores the following critical issues which are explained in the podcast: 1. UK student loans are not in...2022-05-2315 min

The Money Spot™ - UK Personal Finance#39 Don't Go Henry, Go Cash, First - rushing kids onto bank cards could ruin their financial futureThere are a lot of apps out there right now purporting they’re the divine intervention you’ve been waiting for to turn your kids into personal finance ninjas…news flash: you can’t delegate teaching your kids about money to an app. The app may be able to relay some basic knowledge but ultimately the best builders of wealth need to only master one thing: their emotions. And, like as not, all the behaviours around money in your house – and yes, not talking about money at all counts as ‘a behaviour’ are all adding up towards what your children will ultimatel...2022-05-0926 min

The Money Spot™ - UK Personal FinanceFocus, Improve and Prosper - setting goals for 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; • I’ll spend less on makeup by… • I’ll spend less on magazines by… • I’ll spend less on clothes by… • Whenever I wan...2021-01-0408 min

The Money Spot™ - UK Personal FinanceThe Real Heather Katsonga-Woodward (the usual host)#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 $: https://www.buymeacoffee.com/TheMoneySpot In £: https://www.patreon.com/TheMoneySpot Your way: https://www.paypal.me/katsonga 2020-11-301h 00

The Money Spot™ - UK Personal Finance#36 The wealth of black people in Britain and factors hindering financial success#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: https://www.katsonga.com/wealthblog/the-wealth-of-black-people-in-britain-and-factors-hindering-financial-success 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...2020-11-2321 min

The Money Spot™ - UK Personal Finance#35 7 things that hold black children back from succeeding#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 resource: https://www.katsonga.com/wealthblog/7-things-that-hold-black-children-back-from-succeeding Ask me a question: https://www.katsonga.com/coach.html Choose a book: https...2020-11-1617 min

The Money Spot™ - UK Personal Finance#34 Stay at home mum in her 50s - how can I gain financial independence#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 have dual nationality and fi...2020-11-0916 min

The Money Spot™ - UK Personal Finance#33 5 ways to remain financially afloat during unemployment#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 $: https://www.buymeacoffee.com/TheMoneySpot In £: https://www.patreon.com/TheMoneySpot Your way: https://www.paypal.me/katsonga 2020-11-0207 min

The Money Spot™ - UK Personal Finance#32 How to manage finances with volatile self employed income#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 the podcast: In $: https://www.buymeacoffee.com/TheMoneySpot In £: https://www.patreon.com/TheMoneySpot Your way: https://www.paypal.me/katsonga 2020-10-2628 min

The Money Spot™ - UK Personal Finance#31 What’s the alternative to a UK Child Trust Fund? …A Junior ISA#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 question: https://www.katsonga.com/coach.html Choose a book: https://www.katsonga.com/my-books.html Support the podcast: In $: https...2020-10-1909 min

Business, Wealth And Mindset PodcastThe Real Heather Katsonga WoodwardAlex with Heather who shares her fascinating journey and discusses why she has chosen to be employed in a role that offers her flexibility and the time to undertake the hobbies she loves. This is a great opportunity to hear from someone who experienced being employed and working for herself before making a conscious choice to be employed. It’s always vital to find out what makes you happy, what is the real you and how to achieve this in life. Sign up to Jessen's webinar here: https://bit.ly/bizwm KEY...2020-10-1655 min

The Money Spot™ - UK Personal Finance#30 Is the 4% pension drawdown rule before or after tax?#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 retirement, do you mean before or after tax...2020-10-1212 min

The Money Spot™ - UK Personal Finance#29 Starting a side hustle in the UK - things to think about with Sylwia Kotarba-Harris#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 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...2020-10-0554 min

The Money Spot™ - UK Personal Finance#28 Q&A: when is a good time to release equity from your house for retirement?#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 £: https://www.patreon.com/TheMoneySpot Your way: https://www.paypal.me/katsonga 2020-09-2813 min

The Money Spot™ - UK Personal Finance#27 How to invest a lump-sum: ISA vs SIPP vs work pension?#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 as cheaper units and likely long term growth. T...2020-09-2117 min

The Money Spot™ - UK Personal Finance#26 Why you need a will even if you have no assets or no children#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: https://www.katsonga.com/wealthblog/why-you-need-a-will-even-if-you-have-no-assets-or-no-children If you would like to get in touch with Julia to learn more about wills, estate planning and gettin...2020-09-1455 min

The Money Spot™ - UK Personal Finance#25 How to teach your children how to manage money so they attract wealth and avoid debt#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: https://bit.ly/3gnX2AA Related resource: https://www.katsonga.com/weal...2020-09-0720 min

The Money Spot™ - UK Personal Finance#24 How can I get a refund fast? No credit card needed!#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: https://www.paypal.me/katsonga 2020-08-0307 min

The Money Spot™ - UK Personal Finance#23 Part 5: 3rd-world poor to dollar millionaire – the story Mark Katsonga Phiri – my dadPart 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 led to a very unexpected turn in...2020-07-2733 min

The Money Spot™ - UK Personal Finance#22 Part 4: 3rd-world poor to dollar millionaire – the story Mark Katsonga Phiri – my dadPart 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 led to a very unexpected turn in...2020-07-201h 03

The Money Spot™ - UK Personal Finance#21 Part 3: 3rd-world poor to dollar millionaire – the story Mark Katsonga Phiri – my dadPart 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 led to a very unexpected turn in...2020-07-1342 min

The Money Spot™ - UK Personal Finance#20 Part 2: 3rd-world poor to dollar millionaire – the story Mark Katsonga Phiri – my dadPart 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 led to a very unexpected turn in...2020-07-0657 min

The Money Spot™ - UK Personal Finance#19 Part 1: 3rd-world poor to dollar millionaire – the story Mark Katsonga Phiri – my dadPart 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 led to a very unexpected turn in...2020-06-2953 min

The Money Spot™ - UK Personal Finance#18 What is life insurance? How much do you need?#18 Miriam asks: Hi Heather Can you do an educational post on Life Insurance? A lot of people in our community still depend on donations when there is a bereavement, I think they’d be surprised to find out how cheap it actually is to get life insurance. Miriam Related resource: https://www.katsonga.com/wealthblog/what-is-life-insurance-how-much-life-insurance-do-i-need 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: https://www.paypal.me/katsonga 2020-06-2213 min

The Money Spot™ - UK Personal Finance#17 How do I save into a pension if I am a student or self-employed or if I am not working?#17 Alex asks: Hi Heather! I'm 22 years old and I've been trying to get a good control of my finances. I'm still a student so I don't have a regular income. I've set up a LISA account to save for a house but I'd also like to begin saving for retirement. I've looked everywhere online but nothing seems to explain what different kinds of pensions there are, how to open them and how they work. Please help! Alex Related resource: https://www.katsonga.com/wealthblog/how-do-i-save-into-a-pension-if-am-not-employed-or-self-employed Ask me a question: https://www.katsonga.com/coach.html Choose a book: https://payhip...2020-06-1527 min

The Money Spot™ - UK Personal Finance#16 Do I spend more money than the average person?#16 Reena asks: Hi Heather, My name’s Reena, I’d really like to know what my spending looks like relative to the average person, can you do a blog post or podcast episode on that? Thanks. Related resource: https://www.katsonga.com/wealthblog/qa-do-i-spend-more-money-than-the-average-person 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: https://www.paypal.me/katsonga 2020-06-0827 min

The Money Spot™ - UK Personal Finance#15 What are the different stages of financial independence?#15 Sam asks: Hi Heather, My name’s Sam. Can you talk about financial independence and the steps one has to move through to get there? Thanks Related resource: https://www.katsonga.com/wealthblog/qa-what-are-the-different-stages-of-financial-independence 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: https://www.paypal.me/katsonga 2020-06-0114 min

The Money Spot™ - UK Personal Finance#14 How do I boost my retirement income if I can’t work?#14 Vivienne asks: Hi Heather, Thank you so much for launching your podcast. I am really enjoying all your advice. My name’s Vivienne. I’m single and in my late 60s. I receive the state pension and find that I struggle to make ends meet – my saving grace is that I own my home outright but I don’t have any other investments outside of that. Although I would like to work because I get lonely sometimes, I lack the energy I used to have in my younger days and certainly I find a full day’s work very exhausting nowadays. Is t...2020-05-2512 min

The Money Spot™ - UK Personal Finance#13 How much do I need to save for a comfortable retirement?#13 Linda asks: Hi Heather, My name’s Linda. I would like to have a comfortable retirement but I am not sure how much money I need to have saved up in order to achieve this goal. I am not particularly extravagant but I do want to be able to afford at least two holidays a year. I additionally don’t have access to a fixed workplace pension so I need to live within the means of my own investments and the state pension. How should I go about working this out? Thanks Related resource: https://www.katsonga.com/wealthblog/qa-how-much-do-i-need-to-save-for-a-comfortable-retirement Ask me a...2020-05-1821 min

The Money Spot™ - UK Personal Finance#12 How long will it take for my shares to double in value? The rule of 72...#12 Grace asks: Hi Heather, My name’s Grace. I recently started investing in stocks and shares and want to know the type of returns I should realistically expect? I’m especially interested in how long it will take for my money to double in value. Thanks Related resource: https://www.katsonga.com/wealthblog/qa-how-long-will-it-take-for-my-shares-to-double-in-value-the-rule-of-72 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: https://www.paypal.me/katsonga 2020-05-1112 min

The Money Spot™ - UK Personal Finance#11 The "ideal" personal financial situation to have in a crisis?#11 Nicola asks: Hi Heather, My name’s Nicola. I’m fortunate enough to still have a job right now, most of my friends have lost their jobs and it’s made me realise that if I had lost my job I wouldn’t be able to survive at all. I have no savings, a few debts and spend all my earnings every month. What do I need to start doing, right now, to ensure that by the time the next crisis hits the economy, I would be able to survive regardless of my employment situation? Thanks for all the financial knowledg...2020-05-0422 min

The Money Spot™ - UK Personal Finance#10 What is financial net worth? How do I calculate and improve it?#10 Edna asks: Hi Heather, My name’s Edna. I was wondering if you could talk about what net worth is? Why it matters and how I can improve my net worth? Thanks. Related resource: https://www.katsonga.com/wealthblog/qa-what-is-financial-net-worth-how-do-i-calculate-my-net-worth-and-improve-it 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: https://www.paypal.me/katsonga 2020-03-3019 min

The Money Spot™ - UK Personal Finance#9 How should I be investing if I'm scared of risk?#9 Angela asks: Hi Heather, Happy new year! I’m a big fan of yours and have been following you for a while. I bought all your three books. I would like to open a stocks and shares ISA for myself and two children aged 16 & 14 but I don’t know where to start due to fear of risk. I want to invest 15% of my income in stocks and also considering real estate. I have seen some recommendations like Vanguard or Hargreaves Lansdowne but I’m clueless on what to go for. I am a nurse and the only debt I have is a rep...2020-03-2323 min

The Money Spot™ - UK Personal Finance#8 The 9 biggest money mistakes people make#8 Wendie asks: Hi Heather, My name’s Wendie. I am a support worker and earn about £1,600. I struggle to make savings due to all my commitments but I desire to start no matter how small. Please advise. Related resource: https://www.katsonga.com/wealthblog/qa-what-are-the-9-biggest-money-mistakes-people-make-that-prevent-them-from-saving 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: https://www.paypal.me/katsonga 2020-03-1620 min

The Money Spot™ - UK Personal Finance#7 I hate budgeting – am I doomed to always be broke?#7 Barry asks: Hi Heather, My name’s Barry and I hate budgeting…it’s not so much the budgeting but tracking all my spending; it kind of sucks the joy out of life. I can’t stand having to think through how my money will be spent and not being able to buy what I want just because it wasn’t budgeted for – am I doomed to always be broke because I don’t budget? Do you have any suggestions for me? Related resource: https://www.katsonga.com/wealthblog/qa-i-hate-budgeting-am-i-doomed-to-be-broke Ask me a question: https://www.katsonga.com/coach.html Choose a book...2020-03-0926 min

The Money Spot™ - UK Personal Finance#6 How much should I take from my business for myself?#6 Melissa asks: I’m Melissa. As a full-time entrepreneur myself, I often find a difficulty in deciding how much monthly income to re-invest into my business and not OVERDO IT. This reminds me of why I often lose at the board game "Monopoly", ha! Because I'll spend every last dollar on buying up houses and hotels and when I fall on someone else's property, I don't have the money to pay them. And it's a downward spiral from there, haha. Anyway... I'm sure you know just as well as I do that our businesses are our babies and sometimes we th...2020-03-0214 min

The Money Spot™ - UK Personal Finance#5 How can I improve my credit score so I can buy a house?#5 Chrissy asks: Hi Heather, My husband and I want to buy a house, how can we go about improving our credit score? Related resource: https://www.katsonga.com/wealthblog/qa-how-can-i-improve-my-credit-score-so-that-my-husband-and-i-can-buy-a-house 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: https://www.paypal.me/katsonga 2020-02-2414 min

The Money Spot™ - UK Personal Finance#4 What am I saving for? When can I spend my retirement savings?#4 Flora asks: Hi Heather, Based on the things you told us about investing, my husband and I started putting £125 per month each into our SIPP pension. I hope this isn’t a silly question but what are these savings for? When can we expect to start spending that money and should we try to spend it in specific ways or on specific things? Both my husband and I are 30, we don’t plan on having children and our jobs have fixed pension benefits. Related resource: https://www.katsonga.com/wealthblog/qa-what-am-i-saving-for-when-can-i-spend-my-retirement-savings Ask me a question: https://www.katsonga.com/coach.html ...2020-02-1714 min

The Money Spot™ - UK Personal Finance#3 I'm a nurse, what can I invest in to make more money?#3 Denise asks: Hi Heather, I want to earn extra income, however I work as a nurse in the NHS which takes up my time, do you have any suggestions on any investment that can make money. I am also interested in the stock market but don’t know where to start. I am interested in both generating extra monthly cash flow now and increasing the amount of money I have in retirement. Related blog: https://www.katsonga.com/wealthblog/im-a-nurse-what-can-i-invest-in-to-make-more-money Ask me a question: https://www.katsonga.com/coach.html Choose a book: https://payhip.com/themoneyspot Support the podcast: In...2020-02-1017 min

The Money Spot™ - UK Personal Finance#2 How to save and invest for children#2 Diana asks: Hi Heather, I just had my first baby. I'm 31 and married. Do you have any tips for how I can think about saving and investing for my baby? Related resource: https://www.katsonga.com/wealthblog/how-to-save-and-invest-for-your-children 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: https://www.paypal.me/katsonga 2020-02-0321 min

The Money Spot™ - UK Personal Finance#1 What is The Money Spot™ podcast about?#1 What is the money spot about? Who hosts it? How long will episodes be? What can you expect to learn about managing money from listening to this show? Find out in this episode. Ask me a question: https://www.katsonga.com/coach.html Get a book: https://payhip.com/themoneyspot Support the podcast: In $: https://www.buymeacoffee.com/TheMoneySpot In £: https://www.patreon.com/TheMoneySpot Your way: https://www.paypal.me/katsonga 2020-01-2717 min