In episode 34 of the Informed Choice Podcast, Martin shares the latest personal finance news, and talks about coping with higher interest rates and your biggest money regrets.
Subscribe in iTunes | Click to listen now | Right click to download episode
How would your household cope with higher interest rates? There’s been a lot of talk recently about interest rates rising. As the British economy continues to improve, the prospect of a rate rise becomes more likely.
According to a new report from credit ratings agency Moody’s, British households will be able to withstand a rise in interest rates as they have been “toughened up” by the global financial crisis.
Is this really the case? Martin shares a couple of exercises you might want to complete today to make sure your household budget could cope with higher interest rates.
Question of the week; when do you think interest rates will rise and by how much?
What are your biggest money regrets? A recent survey conducted by banking group Wells Fargo found wealthy individuals wished they had made better investing decisions, saved more and spent less, and stopped to enjoy their wealth more often on the road to accumulating their wealth.
Is Financial Planning the answer to investing with purpose and spending more time on ‘fun’? Martin thinks it might be and explains why.
Here are links to everything covered in episode 34 of the Informed Choice Podcast:
‘Tough’ UK households can take higher interest rates, says Moody’s
Rich People’s Biggest Money Regrets
If you listen to this podcast, please take one minute to leave an honest review on iTunes.
Reviews from listeners are so important to help others find the podcast, and we also really want your feedback so we know which elements of the show you enjoy and what we can improve. To leave a review, simply visit informedchoice.wpengine.com/itunes.
Martin will read out reviews at the end of each future episode, so please make sure you leave a note of your real name, so you get a mention.
If you have a personal finance or investment question you would like Martin to answer on the podcast, you can leave a voicemail for the show by following the link at icfp.co.uk/podcast. We’ll answer your question in a future episode and send you a gift to say thank you for taking part.
Subscribe in iTunes | Click to listen now | Right click to download episode
