Ep 322: "A bank study found their best investors all had one thing in common..."
APR 28, 202621 MIN
Ep 322: "A bank study found their best investors all had one thing in common..."
APR 28, 202621 MIN
Description
Join the course with a discount: https://medics-money-partnership.circle.so/checkout/financial-wellbeing-course-7?coupon_code=FWBEARLYThe podcast features Dr. Nadia Ekong discussing what she learned on the Financial Wellbeing course and how she applies it to her family, covering budgeting, saving, investing, and teaching children about money. She contrasts growing up with unspoken expectations that academic success would guarantee financial security with the modern reality of taxes, spending, and the need to manage income intentionally. Key takeaways include planning finances prospectively using the Medics Money financial dashboard, adopting mindset shifts such as understanding the true value of “£1” after tax and the real cost of purchases, and using evidence-based, passive investing. She describes practical steps for kids: piggy banks, GoHenry and Starling Kite accounts, goal-based “pots,” and reading Grandpa’s Fortune Fable to introduce long-term investing. They also discuss pocket money approaches and recommend E is for Ethics for teaching morals through stories and guided questions.00:00 Episode Overview01:21 Meet Dr Nadia Ekong01:56 Early Money Lessons03:01 Doctor Pay Reality Check04:49 Course Takeaways07:54 Teaching Kids Money09:25 Investing With Stories11:47 Pocket Money Debate15:19 Ethics For Kids Book18:04 Top Tips And WrapWant the latest financial tips for doctors and exclusive invites? Join 71,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.comWant to improve your finances fast? Then come on our coursehttps://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/Want to find out more about our other courses?www.medicsmoney.co.uk/coursesFollow us on InstagramFollow us on TwitterDisclaimer:The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.