• Home
  • Episodes
  • About
    • Awards
  • Contact

Make the most of your money

martin@icfp.co.uk
Informed Choice RadioInformed Choice Radio
  • Home
  • Episodes
  • About
    • Awards
  • Contact
ICR 108_ 10 ways to improve your financial resilience

ICR 108: 10 ways to improve your financial resilience

26/08/2016 Posted by Martin Bamford Podcast

 

In this episode of Informed Choice Radio, Martin talks about 10 ways to improve your financial resilience.

There is also a roundup of the latest personal finance news and an update from the world of Informed Choice.

Subscribe in iTunes | Click to listen now | Right click to download episode

10 ways to improve your financial resilience

This week on Informed Choice Radio, Martin shares his ten tips for improving your financial resilience.

This topic was prompted by a couple of things; the news that the German government is thinking about making it mandatory for citizens to stockpile food and water in case of a terrorist attack; and a conversation Martin had this week with fellow personal finance podcast David Stein.

We started by asking the people of Cranleigh how they would cope in case of a national emergency or the collapse of the banking system.

Martin shared the following ten tips for improving your financial resilience and explained the practical importance of each one:

Tip #1 – build a cash emergency fund
Tip #2 – diversify your investments
Tip #3 – deal with your debt
Tip #4 – insure the essentials
Tip #5 – control your expenditure
Tip #6 – live simply
Tip #7 – create multiple streams of income
Tip #8 – get in better shape
Tip #9 – plan ahead for the future
Tip #10 – stockpile the essentials

We would love to hear what you think. Are you financially resilient? How would you cope with a collapse of the financial system?

Right click here and save as to download this episode to your computer

Personal finance news update

-Gender pay inequality has widened, according to the latest figures from the Institute for Fiscal Studies.

-More than 1.6 million families in the UK are living with ‘extreme problem debt’.

-Oil prices fell this week, after an unexpectedly large inventory build in the US renewed fears about an oversupply.

-More money was withdrawn from investment funds distributed in the UK in July than in the past three years.

-Help to Buy ISAs have faced criticism this week after the revelation that the government will withhold adding its bonus until after the completion of the property purchase.

-People taking money out of their pension pots using the new pension freedoms are being hit with unexpected tax bills.

Useful links mentioned in this episode

–The 4-Hour Work Week by Tim Ferriss (book)

–Money For The Rest Of Us (podcast)

–Stacking Benjamins (podcast)

–Cranleigh Food & Music Festival

–I Am Team GB

Get answers to your personal finance questions

Do you have a personal finance or investing question for Martin?

Email martin@icfp.co.uk or ask on Twitter @martinbamford.

You can call our dedicated podcast voicemail line on 020 8144 2745 with your question or visitwww.speakpipe.com/InformedChoicePodcast to leave an online voicemail.

Help us spread the word!

Thank you for listening to this episode of Informed Choice Radio. Please use the comments section below to share any feedback you have.

If you enjoyed this episode, please share it by using the social media buttons on this page.

If you enjoy the show, please subscribe in iTunes and write us a review! Reviews really help us stand out from the crowd and reach more listeners.

Subscribe in iTunes | Click to listen now | Right click to download episode

Share
0

About Martin Bamford

Your host for Informed Choice Radio is Martin Bamford, an award-winning Chartered Financial Planner and Fellow of the Personal Finance Society. Martin is Director of Client Education at Informed Choice and the author of several personal finance books including The Money Tree, Brilliant Investing and How to Retire 10 Years Early.

You also might be interested in

ICR253: How to get Generation Debt back on track (co-host Andy Webb)

ICR253: How to get Generation Debt back on track (with Andy Webb)

Aug 11, 2017

This week on the show, we’re talking about how to[...]

How to make extraordinary profits from ordinary investment funds, with Brian Dennehy

How to make extraordinary profits from ordinary investment funds, with Brian Dennehy

Oct 29, 2018

In this episode I’m joined by Brian Dennehy, a veteran[...]

How to heal in times of anxiety, loss and change, with Suzy Reading

How to heal in times of anxiety, loss and change, with Suzy Reading

May 11, 2020

There’s no getting around the fact that tough times hurt.[...]

Latest episodes

  • Cascading your wealth, with Marlene Outrim
  • How to reduce your energy bills and combat fuel poverty, with James Sommerville
  • Money mindset, with Makala Green
  • Critical Thinking Skills: How to Combat Fake News, with Helen Lee Bouygues
  • Managing an ‘all-weather’ global equity portfolio in 2022, with Matthew Tillett

Subscribe to Informed Choice Radio

 

Like us on Facebook

Get social with us!

About us

Welcome to Informed Choice Radio, the personal finance podcast all about achieving your financial goals and living a better life.

Find us here

  • Martin Bamford
  • Informed Choice Ltd
  • Sundial House, 20 High Street
  • 01483 274566
  • martin@icfp.co.uk
  • www.icfp.co.uk
  • martinbamford

Fresh from our podcast

  • Cascading your wealth, with Marlene Outrim
  • How to reduce your energy bills and combat fuel poverty, with James Sommerville
  • Money mindset, with Makala Green
  • Critical Thinking Skills: How to Combat Fake News, with Helen Lee Bouygues
  • Managing an ‘all-weather’ global equity portfolio in 2022, with Matthew Tillett

© 2022 · Informed Choice Ltd. Site by Bear Content

  • Home
  • Contact
Prev Next