On this episode of the Money Mentor, Ken discusses Inflation. Inflation is a stealth tax that eats away at the value of your income, savings and invested savings. In this episode we take a more in depth look at inflation and what it means in the context of your personal finances, Ken cover's:
Inflation
Disinflation
Deflation
Reflation
Stagflation
Shrinkflation & Skimpflation
Hyperinflation
What causes inflation?
What effect does inflation have?
Who's in charge?
What can we learn from historical inflation data?
Inflation and a 100 year life
Inflation risk across intergenerational wealth
Why should you care about inflation?
Inflation's impact on your income, savings and invested savings
What can you do about inflation?
Phone: (01) 539 2670
team@money-mentor.ie
www.money-mentor.ie
Thank you for listening - Money Mentor Team
On this episode of the Money Mentor, Ken discusses Your Spending. Your spending is the cornerstone of your personal finances. We cover:
Spending Time & Money
Psychology of Spending
Money Emotions
Lifestyle Spending
Time Management Jar
Prioritizing Your Spending
Difference between being Rich & Wealthy
The Diderot Effect
Professional Athletes & Lotto Winners
Financial Wellness
Reasons we find it difficult to change
Personal Finance Triage List
Example of Lucy's basic spending
Phone: (01) 539 2670
team@money-mentor.ie
www.money-mentor.ie
Thank you for listening - Money Mentor Team
On this weeks episode of the Money Mentor, Ken discusses Business Budgeting. Budgeting is 80% of being good with money. The first step is to understand how much you are spending and where you are spending it. We cover:
Goals
Time
Budgeting
Debt
Inflation
Phone: (01) 539 2670
team@money-mentor.ie
www.money-mentor.ie
Thank you for listening - Money Mentor Team
On this weeks episode of the Money Mentor, Ken discusses Your Income. Your ability to earn an income and an increasing income over time, plays a significant role in determining your financial future. We cover:
Types of income
How to value your income
Your current income
How much is enough
Your ideal income
Increasing your income
Risks to your income
https://www.youtube.com/watch?v=1np5_t24okE
(01) 539 2670
team@money-mentor.ie
www.money-mentor.ie
Thank you for listening - Money Mentor Team
On this weeks episode of the Money Mentor, Ken discusses What To Invest In? Having previously covered Investing in general, Investment Principles and How To Invest we now turn our attention to What To Invest In? We cover Inflation, Investment Market History, Loss Ladder, Diversification & Investment Portfolio Construction. Listen to this weeks episode to find out more.
https://money-mentor.ie/blog/what-to-invest-in
team@money-mentor.ie
www.money-mentor.ie
Thank you for listening - Money Mentor Team
On this weeks episode of the Money Mentor, Ken discusses The Nuts & Bolts of Money. Ever wondered what gives the money in your pocket or bank account it it's value, who is in control and how governments and central banks influence the economy? Listen to this weeks episode to find out.
https://money-mentor.ie/blog/how-to-invest
team@money-mentor.ie
www.money-mentor.ie
Thank you for listening - Money Mentor Team
On this weeks episode of the Money Mentor, Ken discusses How To Invest? Investing is simple but not easy. Are you setup for investing success?
https://money-mentor.ie/blog/how-to-invest
team@money-mentor.ie
www.money-mentor.ie
Thank you for listening - Money Mentor Team
On this weeks episode of the Money Mentor, Ken discusses whether to save into your pension or an investment? We compare both approaches and detail the pros and cons. Listen to find out which will deliver more wealth in the long run.
https://money-mentor.ie/blog/pension-or-investment
team@money-mentor.ie
www.money-mentor.ie
Thank you for listening - Money Mentor Team
On this weeks episode of the Money Mentor, Ken discusses how much State Pension will you be entitled to? Believe it or not, if working you are already contributing to your State Pension by paying PRSI. The State Pension is ground zero from which to begin building your passive income in retirement. How much State Pension you receive will depend on your career history and PRSI type.
https://money-mentor.ie/blog/how-much-state-pension-will-i-be-entitled-to
team@money-mentor.ie
www.money-mentor.ie
Thank you for listening - Money Mentor Team
On this weeks episode of the Money Mentor, Ken discusses whether to pay off the mortgage early or invest. We compare the certainty of paying off your mortgage with the uncertainty of chasing an investment market return that exceeds your mortgage interest rate. This financial decision has a significant amount of emotional wellbeing attached to it. Is the investment risk really worth it?
https://money-mentor.ie/blog/pay-off-the-mortgage-or-invest
team@money-mentor.ie
www.money-mentor.ie
Thank you for listening - Money Mentor Team
On this weeks episode of the Money Mentor Ken discusses car ownership and affordability. Purchasing and running your car is a big expense. Your emotions can get the better of you when deciding what car to buy. This may inadvertently lead to spending more than you can afford. Can You Afford Your Car?
https://money-mentor.ie/blog/can-we-afford-our-car
team@money-mentor.ie
www.money-mentor.ie
Thank you for listening - Money Mentor Team
On this weeks episode of the Money Mentor Ken discusses the Six Steps of Financial Planning. Within each of these six steps we provide a high level overview of what a financial planner does and why they do it for the benefit of clients.
https://money-mentor.ie/blog/the-six-steps-of-financial-planning-advice
team@money-mentor.ie
www.money-mentor.ie
Thank you for listening - Money Mentor Team
On this weeks episode of the Money Mentor Ken discusses Investment Principles. Why they are important and how they assist us on our investment journey.
https://money-mentor.ie/blog/investment-principles
team@money-mentor.ie
www.money-mentor.ie
Thank you for listening - Money Mentor Team
On this weeks episode of the Money Mentor Ken discusses Mortgage Protection. We take a more in depth look and answer the What, Why, When, Where and How questions of Mortgage Protection Insurance.
If you are looking for mortgage protection or would like to see if you can obtain a more competitively priced premium, get in touch. We have access to all the life providers quotes to find the best solution for you.
team@money-mentor.ie
www.money-mentor.ie
Thank you for listening - Money Mentor Team
On this weeks episode of the Money Mentor Ken discusses Financial Planning for Business Owners. Why be a business owner and how successful business owners can transfer company profits into personal wealth.
team@money-mentor.ie
www.money-mentor.ie
https://www.amazon.com/Myth-Revisited-Small-Businesses-About-ebook/dp/B000RO9VJK
https://www.amazon.com/Getting-Naked-Business-Shedding-Sabotage-ebook/dp/B0032ZD0OI
https://www.amazon.com/Blue-Ocean-Strategy-Uncontested-Competition/dp/1591396190
https://www.imdb.com/title/tt2005151/
https://www.imdb.com/title/tt2582802/
Thank you for listening - Money Mentor Team
On this weeks episode of the Money Mentor Ken discusses Estate Planning. What Estate Planning is, how we can minimise our potential Capital Acquisitions Tax liability and how giving can enrich our lives and the lives of our family and friends.
team@money-mentor.ie
www.money-mentor.ie
https://www.revenue.ie/en/gains-gifts-and-inheritance/gift-and-inheritance-tax-cat/index.aspx
https://www.citizensinformation.ie/en/death/before_a_death/making_a_will.html
https://www.step.ie/
https://www.amazon.com/Happy-Money-Science-Happier-Spending/dp/1451665075
https://www.amazon.com/Factfulness-Reasons-World-Things-Better-ebook/dp/B0756J1LLV
https://www.imdb.com/title/tt0816692/
https://www.imdb.com/title/tt0268978/
Thank you for listening - Money Mentor Team
On this weeks episode of the Money Mentor Ken discusses retirement & FIRE, Financial Independence Retire Early. What retirement is, how we fund retirement and how best to transition into retirement.
team@money-mentor.ie
www.money-mentor.ie
https://www.rpc.ie/
https://www.amazon.com/How-Retire-Happy-Wild-Free/dp/B0074Y7JD6
https://www.amazon.com/Thrive-Retirement-Simple-Secrets-Being-ebook/dp/B07DBQR5YQ
https://www.amazon.com/Retirement-Reinvention-audiobook/dp/B07B9HQBRL
https://www.youtube.com/channel/UChObmEJP3bgGUXJGc2ePP3Q
https://www.imdb.com/title/tt1950186/
https://www.imdb.com/title/tt0421715/
Thank you for listening - Money Mentor Team
On this weeks episode of the Money Mentor Ken discusses mortgages. How much we can borrow, what it will cost us and how best to prepare when applying for a mortgage.
team@money-mentor.ie
www.money-mentor.ie
https://www.ccpc.ie/
https://www.citizensinformation.ie/en/
https://www.bonkers.ie/
https://www.askaboutmoney.com/
https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1543626610
https://www.amazon.com/Never-Split-Difference-Negotiating-Depended/dp/0062407805
https://www.imdb.com/title/tt6285944/?ref_=nv_sr_srsg_0
https://www.imdb.com/title/tt6048922/?ref_=fn_al_tt_1
Thank you for listening - Money Mentor Team
On this weeks episode of the Money Mentor Ken discusses investing. What is investing, why should we invest and how best to get started.
team@money-mentor.ie
www.money-mentor.ie
https://www.amazon.com/Stocks-Long-Run-Definitive-Investment/dp/0071800514
https://www.amazon.com/Little-Book-Common-Sense-Investing/dp/1119404509
https://www.amazon.com/Myth-Rational-Market-History-Delusion/dp/0060599030
https://www.amazon.com/Intelligent-Investor-Collins-Business-Essentials-ebook/dp/B000FC12C8
https://www.amazon.com/Warren-Buffett-Way-Robert-Hagstrom/dp/1118503252
https://www.amazon.com/Education-Value-Investor-Transformative-Enlightenment-ebook/dp/B00KF2JU2W
https://www.amazon.com/When-Genius-Failed-Long-Term-Management/dp/0375758259
https://www.amazon.com/Dear-Chairman-Boardroom-Shareholder-Activism-ebook/dp/B00YMUODKM
https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/guide-to-the-markets/
https://open.spotify.com/show/71siUnIMn0iQY7Kz5BQSqJ
https://podcasts.apple.com/ie/podcast/berkshire-hathaway-annual-shareholder-meetings-since/id1445276006
https://www.imdb.com/title/tt1596363/
Thank you for listening - Money Mentor Team
On this weeks episode of the Money Mentor Ken discusses achieving financial independence by accumulating savings in our pension to set us up for our desired lifestyle in retirement.
team@money-mentor.ie
www.money-mentor.ie
https://www.amazon.com/Atomic-Habits-Proven-Build-Break/dp/0735211299/ref=sr_1_1?dchild=1&keywords=atomic+habits&qid=1608598117&sr=8-1
https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474
https://www.imdb.com/title/tt0109830/
https://www.imdb.com/title/tt0111161/
Thank you for listening - Money Mentor Team
On this weeks episode of the Money Mentor Ken discusses human insurance, protecting us financially against life's worst outcomes such as injury, ill-health and death.
team@money-mentor.ie
www.money-mentor.ie
https://www.amazon.com/One-Page-Financial-Plan-Simple-Smart-ebook/dp/B00NCLPGN0
https://www.amazon.com/Simple-Path-Wealth-financial-independence-ebook/dp/B01H97OQY2
https://www.imdb.com/title/tt0409459/
https://www.imdb.com/title/tt0477348/?ref_=nv_sr_srsg_0
Thank you for listening - Money Mentor Team
On this weeks episode of the Money Mentor Ken discusses debt, bad debt and less bad debt. What debt is, why we use debt, how we get into debt and how we get out of debt. Debt is what keeps us poor but only if we allow it.
team@money-mentor.ie
www.money-mentor.ie
https://www.amazon.com/Total-Money-Makeover-Classic-Financial-ebook/dp/B00DNBE8P6
https://www.amazon.com/Predictably-Irrational-Revised-Expanded-Decisions/dp/0061353248
https://www.amazon.com/Things-Smart-People-Their-Money/dp/0525622187
https://www.imdb.com/title/tt0128442/
https://www.imdb.com/title/tt5727208/?ref_=nv_sr_srsg_0
Thank you for listening - Money Mentor Team
On this weeks episode of the Money Mentor Ken discusses financial organisation. The bedrock from which to build our financial success. We break down financial organisation into three areas, financial administration, what we earn and spend and what we own and owe.
team@money-mentor.ie
www.money-mentor.ie
https://www.amazon.com/Life-Changing-Magic-Tidying-Decluttering-Organizing/dp/1607747308
https://www.amazon.com/You-Need-Budget-Paycheck-Paycheck-ebook/dp/B071Y2XSFN
https://www.amazon.com/Automatic-Millionaire-Powerful-One-Step-Finish/dp/0767914104
https://www.imdb.com/title/tt0086465/
https://www.imdb.com/title/tt0094898/
Thank you for listening.
Money Mentor Team
On this weeks episode of the Money Mentor we discuss goals and more specifically financial goals. The 8 financial steps play a fundamental role in building our wealth. Where do you land on the steps and what is required to get you to the next step?
team@money-mentor.ie
www.money-mentor.ie
https://www.amazon.com/Nudge-Improving-decisions-health-happiness/dp/0141040017
https://www.amazon.com/Your-Money-Life-Transforming-Relationship-ebook/dp/B0052MD8VO
https://www.imdb.com/title/tt1615147/
https://www.imdb.com/title/tt3300980/?ref_=fn_al_tt_1
On this weeks episode of the Money Mentor, Ken talks about how we spend our time, how we value our time and our financial life stages.
https://www.youtube.com/watch?v=FzQ0GeLVLhk
https://www.amazon.com/Habits-Highly-Effective-People-Powerful/dp/0743269519
https://www.amazon.com/Top-Five-Regrets-Dying-Transformed/dp/140194065X
https://www.youtube.com/watch?v=O7ungMrz7w0
https://www.amazon.com/Alchemist-Paulo-Coelho/dp/0008144222
https://www.amazon.com/Monk-Who-Sold-His-Ferrari/dp/0062515675
https://www.imdb.com/title/tt0454921/
https://www.imdb.com/title/tt1211837/