readymoney's podcast

Your Ready Money quote today comes from Yogi Berra: “A nickel ain’t worth a dime anymore.”Every good Financial Plan needs to consider price inflation. Over time, it costs more to buy the same amount of goods and services. Over longer periods of time, inflation becomes a bigger consideration, even if that inflation is only very modest, say a couple of percentage points each year. Ready Money on Facebook: www.facebook.com/readymoneypodcast. Follow Martin Bamford on Twitter at www.twitter.com/martinbamford. Find out more about Informed Choice at www.icfp.co.uk.Informed Choice Ltd is authorised and regulated by the Financial Services Conduct. The value of your investments can go down as well as up. The content of this podcast does not constitute financial advice and is provided for general information purposes only.

Your Ready Money quote today comes courtesy of Nathan W. Morris: “I've found that the less stuff I own, the less my stuff owns me.”Minimalism is a big movement and for good reason. The fewer material possessions you own, the simpler your life tends to be and the more time you can devote to meaningful experiences. Living a simpler life also tends to be a cheaper life, so you can allocate more of your income to meet future goals, rather than keeping pace with your chosen lifestyle today. Ready Money on Facebook: www.facebook.com/readymoneypodcast. Follow Martin Bamford on Twitter at www.twitter.com/martinbamford. Find out more about Informed Choice at www.icfp.co.uk.Informed Choice Ltd is authorised and regulated by the Financial Services Conduct. The value of your investments can go down as well as up. The content of this podcast does not constitute financial advice and is provided for general information purposes only.

Your Ready Money quote today comes from Charlie Munger: “Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.”This is a really important quote for investors. The investment universe is big, really big. It’s huge. Ready Money on Facebook: www.facebook.com/readymoneypodcast. Follow Martin Bamford on Twitter at www.twitter.com/martinbamford. Find out more about Informed Choice at www.icfp.co.uk.Informed Choice Ltd is authorised and regulated by the Financial Services Conduct. The value of your investments can go down as well as up. The content of this podcast does not constitute financial advice and is provided for general information purposes only.

Your Ready Money quote today comes from Mark Twain: “October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.”Mark Twain is quite right; there’s never a good month to speculate in stocks. Unless you have a very big appetite for investment risk, and also the capacity to lose your money, speculation is never a good idea. Ready Money on Facebook: www.facebook.com/readymoneypodcast. Follow Martin Bamford on Twitter at www.twitter.com/martinbamford. Find out more about Informed Choice at www.icfp.co.uk.Informed Choice Ltd is authorised and regulated by the Financial Services Conduct. The value of your investments can go down as well as up. The content of this podcast does not constitute financial advice and is provided for general information purposes only.

Your Ready Money quote today comes from Will Rogers: “Too many people spend money they earned..to buy things they don’t want..to impress people that they don’t like.”That’s a great quote, isn’t it? It’s something we see all the time as Financial Planners, especially when clients are at the start of their Financial Planning journey. Until they step back and really consider why it is that are spending money, what they are spending it on and who they are trying to impress. Ready Money on Facebook: www.facebook.com/readymoneypodcast. Follow Martin Bamford on Twitter at www.twitter.com/martinbamford. Find out more about Informed Choice at www.icfp.co.uk.Informed Choice Ltd is authorised and regulated by the Financial Services Conduct. The value of your investments can go down as well as up. The content of this podcast does not constitute financial advice and is provided for general information purposes only.

Eleanor Roosevelt said “It takes as much energy to wish as it does to plan.”I love this quote. If we’re going to devote our energy to something, it might as well be planning to make something happen, rather than simply wishing for it to take place. Ready Money on Facebook: www.facebook.com/readymoneypodcast. Follow Martin Bamford on Twitter at www.twitter.com/martinbamford. Find out more about Informed Choice at www.icfp.co.uk.Informed Choice Ltd is authorised and regulated by the Financial Services Conduct. The value of your investments can go down as well as up. The content of this podcast does not constitute financial advice and is provided for general information purposes only.

Your Ready Money quote today comes from George Soros; “If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.”I absolutely agree with George Soros on this; investing should be boring. In fact, if you’re picking the most exciting funds you can find and the performance of your investment portfolio is as exciting as a rollercoaster ride, you are almost definitely doing it wrong. Ready Money on Facebook: www.facebook.com/readymoneypodcast. Follow Martin Bamford on Twitter at www.twitter.com/martinbamford. Find out more about Informed Choice at www.icfp.co.uk.Informed Choice Ltd is authorised and regulated by the Financial Services Conduct. The value of your investments can go down as well as up. The content of this podcast does not constitute financial advice and is provided for general information purposes only.

Your Ready Money quote today comes from David R. Wommack; “Never trust a stockbroker under the age of 60.”Experience counts when it comes to advice, especially investment advice. I say this as a relatively young 36 year old Financial Planner who has been advising clients on their investments for the past thirteen years. I'm definitely under 60, but I can appreciate where David R. Wommack is coming from with this quote. Ready Money on Facebook: www.facebook.com/readymoneypodcast. Follow Martin Bamford on Twitter at www.twitter.com/martinbamford. Find out more about Informed Choice at www.icfp.co.uk.Informed Choice Ltd is authorised and regulated by the Financial Services Conduct. The value of your investments can go down as well as up. The content of this podcast does not constitute financial advice and is provided for general information purposes only.

And the quote from Bryant McGill is: “Your health is a long-range investment that will pay-off when you need it most.”When you’re thinking about your Financial Planning, you absolutely have to think about your health too. Without it, all the money in the world counts for very little. Ready Money on Facebook: www.facebook.com/readymoneypodcast. Follow Martin Bamford on Twitter at www.twitter.com/martinbamford. Find out more about Informed Choice at www.icfp.co.uk.Informed Choice Ltd is authorised and regulated by the Financial Services Conduct. The value of your investments can go down as well as up. The content of this podcast does not constitute financial advice and is provided for general information purposes only.

Your Ready Money quote today comes courtesy of Frank Hubbard; “The safe way to double your money is to fold it over once and put it in your pocket.”That’s a great quote from Frank Hubbard, who was an American harpsichord maker, born in New York but an apprentice in instrument making not too far from me here in Surrey, over in Haslemere. Ready Money on Facebook: www.facebook.com/readymoneypodcast. Follow Martin Bamford on Twitter at www.twitter.com/martinbamford. Find out more about Informed Choice at www.icfp.co.uk.Informed Choice Ltd is authorised and regulated by the Financial Services Conduct. The value of your investments can go down as well as up. The content of this podcast does not constitute financial advice and is provided for general information purposes only.

Today’s quote comes from Suze Orman; “We tend to focus on assets and forget about debts. Financial security requires facing up to the big picture: assets minus debts.” That’s a quote from Suze Orman.Suze is describing net assets; everything you own less everything you owe. A good definition of wealth is everything you have left when you pay back your debts. Ready Money on Facebook: www.facebook.com/readymoneypodcast. Follow Martin Bamford on Twitter at www.twitter.com/martinbamford. Find out more about Informed Choice at www.icfp.co.uk.Informed Choice Ltd is authorised and regulated by the Financial Services Conduct. The value of your investments can go down as well as up. The content of this podcast does not constitute financial advice and is provided for general information purposes only.

Your Ready Money quote today from Jim Cramer who said: "Every once in a while, the market does something so stupid it takes your breath away." Amen to that, Jim.Investment markets are not rational, logical or predictable places. Often we see pieces of economic news which cause the investment markets to react in a way which can only be described as ‘stupid’. It doesn’t always figure that good news means the markets will go up, or that bad news will mean the markets go down. Ready Money on Facebook: www.facebook.com/readymoneypodcast. Follow Martin Bamford on Twitter at www.twitter.com/martinbamford. Find out more about Informed Choice at www.icfp.co.uk.Informed Choice Ltd is authorised and regulated by the Financial Services Conduct. The value of your investments can go down as well as up. The content of this podcast does not constitute financial advice and is provided for general information purposes only.

Your daily quote on 2nd September comes from Henry David Thoreau: “Wealth is the ability to fully experience life.”This is so, so important. We often see people who focus on the money and completely forget about the purpose for that money. Ready Money on Facebook: www.facebook.com/readymoneypodcast. Follow Martin Bamford on Twitter at www.twitter.com/martinbamford. Find out more about Informed Choice at www.icfp.co.uk. Informed Choice Ltd is authorised and regulated by the Financial Services Conduct. The value of your investments can go down as well as up. The content of this podcast does not constitute financial advice and is provided for general information purposes only.    

Hello and welcome to episode one of Ready Money. Your quote today comes from the investment guru Warren Buffett: “Only buy something that you’d be perfectly happy to hold if the market shut down for ten years.” That’s some wisdom right there from the sage of Omaha. If you’re not willing or able to hold onto an investment for at least ten years, then maybe, just maybe, investing isn’t for you. Ready Money on Facebook: www.facebook.com/readymoneypodcast. Follow Martin Bamford on Twitter at www.twitter.com/martinbamford. Find out more about Informed Choice at www.icfp.co.uk.Informed Choice Ltd is authorised and regulated by the Financial Services Conduct. The value of your investments can go down as well as up. The content of this podcast does not constitute financial advice and is provided for general information purposes only.