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Headsup On Money
Headsup On Money.
Never make another financial mistake.
Join Benjamin Mitchell (The Money Scot) - a chartered financial planner and serial hater of financial jargon, as he helps you to make better financial life decisions, retire on your terms and never make another financial mistake.
In this weekly podcast we answer the money questions you're too scared to ask and arm you with the knowledge and power to help you get on top of your personal finances.
Episodes
111 episodes
110- Financial Freedom Is Not The Same As Financial Independence
In this episode Benjamin discusses the FIRE movement (Financial Independence Retire Early) and cautions why relying on this may mean you're missing the entire point. Financial freedom is another way to approach your financial planni...
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Season 1
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Episode 110
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18:24
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109 - Reflecting on Recent Market Volatility
What can we learn from recent market volatility? Benjamin climbs back onto his financial soapbox in this week's episode and shares his musings on why short-term market wobbles have no relevance to the underlying financial strength o...
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Season 1
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Episode 109
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11:30
108- How Much Should You Pay Yourself As A Business Owner ? (Tax Saving Tips), With Guest Dan Heelan
As a small business owner in the UK you likely wear many hats, and accountancy is one area that few business owners admittedly have an interest in. We're never really taught the fundamentals of good business accounting. ...
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Season 1
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Episode 108
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43:37
107- Rules of Thumb To Help Your Planning
Overwhelmed and don't know where to start? If you have no idea whether you're on track, or completely off track, then this is the episode for you. Benjamin shares the 'rules of thumb' you can adopt to help guide your fin...
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Season 1
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Episode 107
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20:59
106-Are We A Nation of Savers or Investors?
In the UK we have an inherent phobia of investing. Cash is best, cash is king, cash is safe. This 'savings over investing' attitude is costing us our financial independence and control over our financial futures and put simply: more...
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Season 1
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Episode 106
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11:01
105- The Story of Ronald Read, 'The Millionaire Janitor'
You've likely never heard of him, but Ronald Read's story is a testament to the best principles for successful financial planning. In this episode Benjamin shares the story of how Ronald turned a modest income and asset position int...
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Season 1
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Episode 105
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17:18
104- Your Last Gift: Getting Your Affairs In Order, With Guest Matthew Hutton
This is a very special episode of Headsup on Money. We're delighted to welcome The Reverend Matthew Hutton, who shares with us the key takeaways from his best-selling book Your Last Gift: Getting Your Affairs in Order a...
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Season 1
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Episode 104
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45:33
103- The Simplest Thing You Can Do To Achieve Financial Success
'Markets in turmoil''S&P 500 experiences record losses' 'FTSE crashes on market opening'. How can you remain focused on your financial plan in the digital age we are in? With notifications of finan...
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Season 1
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Episode 103
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12:40
102- Plan First, Portfolio Second, Product Third
In this episode Benjamin outlines the '3 Ps' of financial planning and how you should direct your focus to maximise your chance of financial success. It's not as complicated as it may seem.
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Season 1
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Episode 102
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16:10
101- Mansion House Accord & Your Pension, What You Need To Do
The Mansion House Accord has worrying implications for your pension and your retirement planning. Fortunately, you can do something about this and don't have to accept the changes that are now due to come in to effect. I...
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Season 1
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Episode 101
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13:36
100- A Milestone For Headsup on Money
Headsup on Money is 100 today!In this special episode Benjamin reflects on the key learns over the last 100 episodes of the podcast and shares some personal stories to help you get to know him better. Thank you to the money n...
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Season 1
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Episode 100
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15:18
99- Is My Money Safe?
Wondered what would happen to your bank account savings in the event your bank was to default? Heard of the FSCS? Benjamin explains everything you need to know in this week's episode.
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Season 1
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Episode 99
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11:07
98- Top 5 Regrets of The Dying
What lessons can we take into our financial planning from the regrets of the dying? Good financial planning should always just be the means to the end; the financial plumbing underpinning your financial goals. In this ep...
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Season 1
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Episode 98
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17:04
97- The Danger of Arbitrary Numbers
Is your financial plan based on sound evidence and a rigorous plan, or arbitrary numbers and dates that you've convinced yourself are correct? I need to retire at age 62. I need £500,000 in my pension to afford a good re...
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Season 1
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Episode 97
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12:52
96-The Recipe For Success Is The Same
Increased complexity doesn't mean better in personal finances. Whether you have a £100k pension pot or £1m, the underlying investment principles should hold consistent. Benjamin explains why in this episode.
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Season 1
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Episode 96
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11:52
95-Should You Take Your Pension Tax-Free Cash (Lump Sum)?
It's one of the most common queries posed by retirees. Surely getting your hands on 25% of your pension tax free is an absolute no brainer, right? In this episode Benjamin discussed the pros and cons to taking your pension tax free ...
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Season 1
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Episode 95
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22:36
94- Insurance & Trusts, Have You Done This?
Is your life insurance or critical illness plan under Trust? Don't even know what that means, let alone why you would do this?! This is the episode for you. Benjamin explains all and outlines the tax savings and headaches this can a...
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Season 1
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Episode 94
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14:59
93- What's The Best Portfolio For You?
The answer to this one is perhaps not what you expect. Benjamin explains all in this episode.
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Season 1
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Episode 93
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17:01
92- There's No Sense Dwelling On The Past
So we're into the new tax year at last. If you didn't start taking control of your money in the last tax year then you're probably feeling pretty unmotivated right now. In this episode Benjamin explains why it's not sens...
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Season 1
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Episode 92
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9:57
91 - Current Market Volatility, A Feature Not A Bug
For some investors the current market volatility will be their first real taste of portfolio volatility. In this episode Benjamin provides a reminder that what you're currently seeing isn't a bug of the system, it's a feature of inv...
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Season 1
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Episode 91
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16:14
90- Never Had A Pension? Open One Now (Even If You Don't Pay Into It!)
As ludicrous as this sounds, if you've never been a member of a registered pension scheme then you should strongly consider opening a pension, even if you elect to pay nothing into it. Why? Because not doing so could hamper your abi...
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Season 1
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Episode 90
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12:18
89- Pension Carry Forward Explained
Understanding this crucial rule can allow you to pay more into your pension than you may think you're able to. But it's not without its complications and caveats. Wondering where to start and what this rule even means?&n...
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Season 1
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Episode 89
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22:38
88- Should You Pay Voluntary National Insurance Contributions For Your State Pension?
This one is an important one. The opportunity to pay for early missing state pension years is closing on the 5th April 2025. After this date you can only go back the preceding 6 tax years. This might not sound a big deal...
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Season 1
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Episode 88
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27:36
87- The Theories Behind Your Irrational Behaviour
Following on from last week's episode, here Benjamin outlines the main behavioural finance theories that are impacting our chances of investment success. How many are you guilty of?
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Season 1
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Episode 87
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19:52
86- If Investing Is So Easy, Then Why Aren't We Better At It?
By now the diligent money nerds out there should realise that successful investing is really very simple. But in spite of this we still struggle to achieve good investment outcomes. Research shows that investor personal ...
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Season 1
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Episode 86
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15:29