ICR 112: 7 quotes to change your relationship with money
In this episode of Informed Choice Radio, Martin talks about 7 quotes to change your relationship with money.
There is also a roundup of the latest personal finance news and an update from the world of Informed Choice.
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7 quotes to change your relationship with money
This week on the show, Martin talks about 7 quotes to change your relationship with money.
Six of these quotes were contributions from people Martin follows on Twitter. He finishes with a favourite of his own.
Martin shared each quote before talking about what it means for your personal finances and how it has the power to change your relationship with money.
Here are the seven quotes Martin talks about this episode, along with the Twitter name of the personal who suggested it.
Benjamin Franklin – “An investment in knowledge pays the best interest”(@UKCF_Tweets)
Seneca – “It is not the man who has too little, but the man who craves more, that is poor.” (@brettdavidson)
William Bernstein – “This time it’s different.”(@fryer_nathan)
Warren Buffett – “It’s only when the tide goes out that you discover who’s been swimming naked.” (@AronGunningham)
Warren Buffett – “Be fearful when others are greedy and greedy when others are fearful.” (@npton_adviser)
Benjamin Franklin – “a penny saved is a penny earned.” (@Plannergrrrl)
Dave Ramsey – “Financial peace isn’t the acquisition of stuff. It’s learning to live on less than you make, so you can give money back and have money to invest. You can’t win until you do this.” (@martinbamford)
We would love to hear what you think. What is your favourite personal finance or investing? If we get enough of these, Martin will produce another episode rounding them up.
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Personal finance news update
-Women are as pushy as men when it comes to pay, dispelling a myth that this factor is the reason they get paid less.
-Illness is forcing one in eight people to quit work before they reach state pension age.
-The government is pushing ahead with its plans to introduce the Lifetime ISA next April, despite some criticism over timing and product features.
-New standards for Pension Wise staff giving guidance about the proposed secondary annuity market have been proposed by the Financial Conduct Authority.
-The Bank of England was responsible for the UK avoiding a new recession, according to its governor Mark Carney.
-Clueless young Brits have been dubbed the YOLO generation, with almost two-thirds of under-30s admitting they are ignorant of their money and financial options.
Useful links mentioned in this episode
–The Confidence Game: The Psychology of the Con and Why We Fall for It Every Time by Maria Konnikova
–How To Make Great Radio: Techniques and tips for today’s broadcasters and producers by David Lloyd
–Out on the Wire: The Storytelling Secrets of the New Masters of Radio by Jessica Abel
–Double Double: How to Double Your Revenue and Profit in 3 Years or Less by Cameron Herold
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.
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