The Money Shot

Today we’re talking about interest rates and how they impact both the economy, and us as individuals. Who controls them? Why do they shift up and down? You know. That sort of thing.   In This Episode How interest rates work in the UK The average interest rate over the last 324 years How banks use interest and your money Savers, borrowers and the economy at large   “The main purpose of changing interest rates is to impact the overall economy” “We’re pretty much still the lowest rates ever seen”   More Damien www.theepinvestor.com  

Getting value from your purchases. That’s the philosophy behind today’s episode. What does that mean in terms of content? Damien is going to tell us how he spends his money! From food and shelter to all of the stupid things we buy, all of it has a value attached, and depending on where you are in the world, that can differ dramatically.   In This Episode The Basics (Food, Shelter, etc.) Spending big money on cars Finding alternatives for your spending Is hiring a cleaner worthwhile?   “It’s all about attributing worth and value to what it is you’re spending money on” “We have a huge desire to show off to other people” “What am I spending my money on? Is it really worth it? Are there alternatives out there?” “Make sure you’re strong value out of what you’re spending your money on”   Learn more about money www.theepinvestor.com  

Robo Funds are today’s topic of interest, and Damien can assure you that it does not mean Robocop manages your money. What it does mean is a cheaper, more automated way to invest online. Find out more by tuning in!   In This Episode What are Robo Funds? The pros and cons of setting one up How do they differ from working with an advisors Is this a good place to get started?   “The biggest part for them to figure out is what your attitude to risk is” “There are a whole bunch of difference assets out there” “They do what good financial advisors have been doing for f***ing years” “You’re putting a lot of faith and trust into the company that’s backing that ETF” “There’s an awful lot of security that comes from having the biggest people out there looking after your money”   More Damien www.theepinvestor.com

Credit cards and loans are today’s topic on The Money Shot Podcast. From simple to more advanced   In This Episode Credit cards, why we should clear them quickly, and how. When credit cards can be a great thing to have in your financial arsenal. The slippery slope of payday loans. Using other people’s money to invest. Cars, and the best ways to buy them. Dad jokes. “In an ideal world, you’d have a credit card because they’re good for your credit file” “Credit cards tend to be one of the more expensive types of debt you can get” “If you’ve got good financial discipline, then credit cards are actually quite a good thing to have” “Just make sure it genuinely is the best deal for you”   More Damien www.theepinvestor.com

Welcome back to The Money Shot Podcast! Damien is talking all about mortgage preparation in this episode. It’s actually not as boring as it sounds, in spite of what he’d tell you. He covers a lot of ground in a short period of time on this one, and points out some of the strange quirks of the credit game.   In This Episode Addressing any issues with your address A special note for entrepreneurs Business expenses and their impact on a mortgage A few ways to better your chances at getting a mortgage, or a better rate on one Do you need a broker?   “Make sure you register wherever you move to” “The more consistent you can be with your income, the better” “It’s all just about planning further ahead” “If it looks like you can’t afford life without using credit cards and loans, that’s a bit of an issue for them”   More Damien www.theepinvestor.com

Welcome back to The Money Shot Podcast! Damien talks about investing remotely on this episode. He shares his tips and ideas on how to manage your money while you’re travelling, or overseas.   In This Episode: Damien’s sensibly long trip to Thailand The breakdown of what Damien is attempting to manage remotely The issues he’s been experiencing while managing his money overseas. The purchasing of property during his trip The financial angle of the trip. Rainy sounds.   “Such is life, silver linings and all that crap” “It takes a little bit of getting used to, but it’s been very doable” “I don’t bloody know how the postal system works in Thailand yet” “I’ve been to the coworking space over here. It was perfectly good. It was adequate” “Do I recommend this whole travelling thing?”   More Damien www.theepinvestor.com

Welcome back to The Money Shot podcast! In this episode, host Damien Fogg talks about our financial priorities, and what we should be looking at when setting them. He also shares his views on why some people don’t seem to get where they want to go.   In This Episode Damien blames us for our current situation. How dare he. Are we taking responsibility for the money we spend and save? How can a radiographer make more money? (You could do something similar).   “What is your priority? Is it spending, or investing?” “The position you’re in right now is entirely your fault” “You’re probably not going to save for a house on the next 8 minutes” “I don’t think having money or not having money has any impact on who or what you are as a person”   More Damien www.theepinvestor.com

In this episode of The Money Shot Podcast, Damien tells us about his book launch, and the business model he uses for the EP Investor. He also says a quick hello to the future, and makes his producer quite happy. Lots of behind the scenes information in this one, so take notes!   In This Episode The motivation behind writing the book The fundamental principles of personal finance Asset classes: what they are and the types you can invest in The Breakdown of Damien's business model for the EP Investor   “Instead of having the same conversations over and over again, I decided that it'd make more sense to get it out of my head and stick it in a book” “Too many people I think are enjoying the now to the detriment of their future” “If something sounds too good to be true, it probably is” “If you want to give me your cold hard cash, I want to massively over deliver on the value you get back from it”   Grab a copy of the book! Click Here Get it on Kindle Click Here More Damien www.theepinvestor.com  

Welcome back to The Money Shot podcast! In this episode, Damien takes a sum of money, in this case 100K for the sake of percentages and easy math.   In This Episode Things to consider before investing your cash The assumptions Damien will make during this scenario Breaking down his reasonable approach to risk What is meant by small caps and large caps? How Damien would spend his money   “The smoother the increase you can get, the better for the long run” “When we refer to large caps, we're really talking about the top 100, 200 companies in an entire economy” “Re-balancing on an annual basis is a good way to make sure you're taking profit off the table and reinvesting in things that are probably, more likely, to be profitable again in the future”

Damien Fogg, our beloved host covers Insurance in this episode of The Money Shot podcast. He takes a dull topic, and turns it... well... a little less dull! It's important, so suck it up and listen in. He covers the types of insurance you need to look into, what they actually do, and who they're good for.     In This Episode Who would want to have insurance put in place? The major areas of insurance, what they do, and what impacts the cost of each What to do if you can't afford insurance     “Insurance isn't fun.” “If the worst does happen, you've got some protection” “These are the sort of conversations and these are the sort of reviews you need to do with your finances” “If you're ever feeling a bit too happy, just start researching critical illness cover. That'll bring you back down” “If you die, are there any debts that any dependents you have are going to struggle to deal with?”   Get The Money Shot book: Click Here   Get it on Kindle Click Here   More Damien www.theepinvestor.com