Informed Choice Radio - personal finance peace of mind with Martin Bamford

As we head into a New Year, it’s important to revisit our relationship with money.

What I’ll share with you in this episode isn’t personal finance or investment tips, but a series of 7 questions you need to ask yourself to change your relationship with money.

Set aside some time to ask each of these, with your spouse or partner if necessary, and consider how your relationship with money could improve as a result of better understanding of each of these areas.

To get you started with this important exercise, click here for the comprehensive checklist of all 7 questions and some valuable notes (it’s FREE!). Get my detailed checklist here!

Click here to get the checklist

Useful links mentioned in this episode

The Seven Stages of Money Maturity: Understanding the Spirit and Value of Money in Your Life by George Kinder

Meaningful Money Podcast

The Financial Wellbeing Podcast

The Number: What Do You Need for the Rest of Your Life, and What Will It Cost? by Lee Eisenberg

The One-Page Financial Plan: A Simple Way To Be Smart About Your Money by Carl Richards

The Financial Wellbeing Book by Chris Budd

Money Life Live

Personal finance news update

-The top paid executives had earned more by Wednesday this week than typical workers earn in an entire year. Dubbed ‘Fat Cat Wednesday’ in the press, the High Pay Centre think tank said it was an important reminder of the unfair pay gap in the UK.

-Levels of household debt have risen to the highest level since the global financial crash of 2008, according to the latest official figures. The Bank of England data has shown personal debt rising by 10.8% in the year to 30th November 2016, rising to £192.2bn.

-The government has claimed that thousands of homes for first-time buyers will be built this year. 30 different areas in England are due to receive funding from the £1.2bn “Starter Homes Land Fund” for new property developments on brownfield sites.

-More than a million over-45s have fallen victim to email scams, according to Aviva’s latest Real Retirement Report. The report also also highlights that the experience of being targeted via email is 22% more common among this age group than by phone.

-MoneySuperMarket’s annual insight into the nation’s financial stress levels shows over 11 million people cite daily money worries as their main cause of stress.

Aftershow links

Misbehaving: The Making of Behavioural Economics by Richard H Thaler & my book review

Ego is the Enemy: The Fight to Master Our Greatest Opponent by Ryan Holiday

Cranleigh BIG Awards 2017

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 visit www.icradio.co.uk/voicemail to leave an online voice message.

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Direct download: ICR158_7_questions_to_change_your_relationship_with_money_in_2017.mp3
Category:investing -- posted at: 1:30am UTC