S2 E13 Your Spending

Send a textOn this episode of the Money Mentor, Ken discusses Inflation. Inflation is a stealth tax that eats away at the value of your income, savings and invested savings. In this episode we take a more in depth look at inflation and what it means in the context of your personal finances, Ken cover's:InflationDisinflationDeflationReflationStagflationShrinkflation & SkimpflationHyperinflationWhat causes inflation?What effect does inflation have?Who's in charge?What can we learn from historical inflation data?Inflation and a 100 year lifeInflation risk across intergenerational wealthWhy should you care about inflation?Inflation's impact on your income, savings and invested savingsWhat can you do about inflation?Phone: (01) 539 [email protected] you for listening - Money Mentor Team

Send a textOn this episode of the Money Mentor, Ken discusses Your Spending. Your spending is the cornerstone of your personal finances. We cover:Spending Time & MoneyPsychology of SpendingMoney EmotionsLifestyle SpendingTime Management JarPrioritizing Your SpendingDifference between being Rich & WealthyThe Diderot EffectProfessional Athletes & Lotto WinnersFinancial WellnessReasons we find it difficult to changePersonal Finance Triage ListExample of Lucy's basic spendingPhone: (01) 539 [email protected] you for listening - Money Mentor Team

Send a textOn this weeks episode of the Money Mentor, Ken discusses Business Budgeting. Budgeting is 80% of being good with money. The first step is to understand how much you are spending and where you are spending it. We cover:GoalsTimeBudgetingDebtInflationPhone: (01) 539 [email protected] you for listening - Money Mentor Team

Send a textOn this weeks episode of the Money Mentor, Ken discusses Your Income. Your ability to earn an income and an increasing income over time, plays a significant role in determining your financial future. We cover:Types of incomeHow to value your incomeYour current incomeHow much is enoughYour ideal incomeIncreasing your incomeRisks to your incomehttps://www.youtube.com/watch?v=1np5_t24okE(01) 539 [email protected] you for listening - Money Mentor Team

Send a textOn this weeks episode of the Money Mentor, Ken discusses What To Invest In? Having previously covered Investing in general, Investment Principles and How To Invest we now turn our attention to What To Invest In? We cover Inflation, Investment Market History, Loss Ladder, Diversification & Investment Portfolio Construction. Listen to this weeks episode to find out more.https://money-mentor.ie/blog/[email protected] you for listening - Money Mentor Team

Send a textOn this weeks episode of the Money Mentor, Ken discusses The Nuts & Bolts of Money. Ever wondered what gives the money in your pocket or bank account it it's value, who is in control and how governments and central banks influence the economy? Listen to this weeks episode to find out.https://money-mentor.ie/blog/[email protected] you for listening - Money Mentor Team

Send a textOn this weeks episode of the Money Mentor, Ken discusses How To Invest? Investing is simple but not easy. Are you setup for investing success?https://money-mentor.ie/blog/[email protected] you for listening - Money Mentor Team

Send a textOn this weeks episode of the Money Mentor, Ken discusses whether to save into your pension or an investment? We compare both approaches and detail the pros and cons. Listen to find out which will deliver more wealth in the long run.https://money-mentor.ie/blog/pension-or-investmentteam@money-mentor.iewww.money-mentor.ieThank you for listening - Money Mentor Team

Send a textOn this weeks episode of the Money Mentor, Ken discusses how much State Pension will you be entitled to? Believe it or not, if working you are already contributing to your State Pension by paying PRSI. The State Pension is ground zero from which to begin building your passive income in retirement. How much State Pension you receive will depend on your career history and PRSI type.https://money-mentor.ie/blog/how-much-state-pension-will-i-be-entitled-toteam@money-mentor.iewww.money-mentor.ieThank you for listening - Money Mentor Team

Send a textOn this weeks episode of the Money Mentor, Ken discusses whether to pay off the mortgage early or invest. We compare the certainty of paying off your mortgage with the uncertainty of chasing an investment market return that exceeds your mortgage interest rate. This financial decision has a significant amount of emotional wellbeing attached to it. Is the investment risk really worth it?https://money-mentor.ie/blog/pay-off-the-mortgage-or-investteam@money-mentor.iewww.money-mentor.ieThank you for listening - Money Mentor Team