The Savvy Wallet Podcast

Joining us in the booth this week is Professor Steve Keen who accurately predicted the 2007-2008 global financial crisis and is a distinguished research fellow at UCL, the author of 3 books: the new economics: a manifesto, can we avoid another financial crisis and debunking economics and has about 80 refereed papers on topics including flaws in the economic analysis of climate change, the causes of financial instability and much more! In this episode we discuss: - What is a global financial crisis? - What will cause the next global financial crisis - The impact this crisis will have on us and the global economy - The potential timelines for when this crisis could occur - Can the next global financial crisis be prevented? - The future of the UK economy - Whether the UK state pension is sustainable and much more 🔗 Connect with Professor Steve Keen: Youtube - https://www.youtube.com/@ProfSteveKeen Patreon - https://www.patreon.com/ProfSteveKeen Substack - https://profstevekeen.substack.com 📚Grab a copy of Professor Steve's book: Can We Avoid Another Financial Crisis: https://amzn.to/3YLKrAB The New Economics: A Manifesto: https://amzn.to/4eb10dT Debunking Economics: The Naked Emperor Dethroned?: https://amzn.to/3YS21mw 📩 Sign up to my mailing list to be the first to know about upcoming events: http://eepurl.com/hJEcLL ➡️ Follow Savvy Wallet on: Instagram: https://www.instagram.com/savvywallet TikTok: https://www.tiktok.com/@savvywallet Check out our partners who offer Stocks and Shares ISA and more: ⚡️Trading 212⚡️ Get a FREE fractional share worth up to £100 when you open an ISA or invest account and deposit at least £1, using my link: https://www.trading212.com/join/SAVVY If you don't get the free share automatically after depositing £1. Use the code "SAVVY" in the promo code box. You can use this code for up to 10 days after opening the account. When investing, your capital is at risk. Tax treatment depends on your individual circumstances and regulations which may change. Other fees may apply. ⚡️Hargreaves Lansdown ⚡️ http://hl.7eer.net/B0mz50 Capital at risk ⚡️Interactive Investor ⚡️ https://prf.hn/click/camref:1101l3RTLM/ar:SW Capital at risk Some of the links are affiliate links which means that we will receive a small commission if you make a purchase, however there will be no additional charge to you. TIMESTAMPS 00:00 - Preview 00:51 - Intro 01:27 - Meet Professor Steve Keen 06:52 - Growing up in Sydney, Australia 12:45 - How I became an economist! 16:39 - How I predicted the 2007-2008 financial crisis 21:49 - What is private debt? 28:19 - What is a global financial crisis? 32:23 - Will we have another global financial crisis? 39:37 - Why credit is needed for the economy 45:26 - This will cause the next global financial crisis! 50:06 - Potential impacts of the next global financial crisis! 55:25 - When could the next global financial crisis happen?  01:02:12 - Where in the world will be impacted by the climate crisis  01:11:26 - What can we do to prevent the climate crisis and next global financial crisis? 01:15:51 - Economist thoughts on the new UK government 01:24:26 - Economists view on the future of the UK 01:26:18 - What really causes inflation  01:28:40 - Will inflation or interest rate increase in the future? 01:30:14 - The government should take care of pensioners  01:36:54 - Is the state pension sustainable  01:40:39 - Final words Learn more about your ad choices. Visit megaphone.fm/adchoices

Joining us in the booth this week is Ajmal, founder of Pizza restaurant, Boss Pizza and former owner of award winning restaurant, Mushtaqs. In this episode we discuss: - How growing up in Glasgow shaped Ajmal - How he became a multimillionaire - The key to achieving success in whatever you do - The system Ajmal used to improve his business - How Mushtaqs became the biggest takeaway operation in Britain - Why Ajmal sold his first business - How Ajmal invests the profits of his business - Vision for his new business Pizza Boss and much more 🔗 Connect with Ajmal: Ajmal's TikTok: https://www.tiktok.com/@ajmalmushtaq ➡️ Follow Savvy Wallet on: Instagram: https://www.instagram.com/savvywallet TikTok: https://www.tiktok.com/@savvywallet 🎥Watch on Youtube Check out: https://www.youtube.com/savvywallet for the video version Check out our partners who offer Stocks and Shares ISA and more: ⚡️Trading 212⚡️ Get a FREE fractional share worth up to £100 when you open an ISA or invest account and deposit at least £1, using my link: https://www.trading212.com/join/SAVVY If you don't get the free share automatically after depositing £1. Use the code "SAVVY" in the promo code box. You can use this code for up to 10 days after opening the account. When investing, your capital is at risk. Tax treatment depends on your individual circumstances and regulations which may change. Other fees may apply. ⚡️Hargreaves Lansdown ⚡️ http://hl.7eer.net/B0mz50 Capital at risk ⚡️Interactive Investor ⚡️ https://prf.hn/click/camref:1101l3RTLM/ar:SW Capital at risk Some of the links are affiliate links which means that we will receive a small commission if you make a purchase, however there will be no additional charge to you. TIMESTAMPS 00:00 - Preview 00:57 - Intro 01:33 - Meet Pizza Boss Founder Ajmal Mushtaq 03:47 - Tough times in Glasgow shaped me!  09:14 - First 6 years on my business didn’t take a wage 17:53 - How Mushtaqs became the biggest takeaway operation in Britain 21:21 - I created the perfect system for my business 27:23 - Challenges I faced when I took over Mushtaqs Restaurant  36:48 - Why I decided to sell my award winning restaurant business 39:13 - How to prepare to sell your business  40:18 - What I did after selling my business  41:49 - I invest in property and not stocks! 46:04 - How long it took me to make my first millions 50:16 - Good money advice that helped me become a millionaire 52:51 - 1 intangibles every business owner needs 55:22 - Mistakes I made as an entrepreneur  58:35 - Millionaire entrepreneur advice on getting started in business 01:01:44 - Lessons learnt from Mushtaq applied to Boss Pizza 01:07:11 - Final words Learn more about your ad choices. Visit megaphone.fm/adchoices

Joining us in the booth this week is Ama Amo-Agyei, founder of multi-million wellness brand, PLANTMADE. In this episode we discuss: - How growing up in Berkshire shaped Ama - What motivated her to create PLANTMADE - What it really takes to create a business that generates millions - The importance of being grateful in all seasons of business - Why hard work doesn’t guarantee success - The upsides and downsides of being the face of your business - Why true wealth comes from selling a business - Tips to starting an e-commerce business today and much more! 🔗 Connect with Ama: Ama's Instagram: https://www.instagram.com/amaa__official PLANTMADE's Instagram: https://www.instagram.com/weareplantmade PLANTMADE Tiktok: https://www.tiktok.com/@weareplantmade ➡️ Follow Savvy Wallet on: Instagram: https://www.instagram.com/savvywallet TikTok: https://www.tiktok.com/@savvywallet 🎥Watch on Youtube Check out: https://www.youtube.com/savvywallet for the video version Our partners: ⚡️Trading 212⚡️ Get a FREE fractional share worth up to £100 when you open an ISA or invest account and deposit at least £1, using my link: https://www.trading212.com/join/SAVVY If you don't get the free share automatically after depositing £1. Use the code "SAVVY" in the promo code box. You can use this code for up to 10 days after opening the account. When investing, your capital is at risk. Tax treatment depends on your individual circumstances and regulations which may change. Other fees may apply. TIMESTAMP 00:00 - Preview 00:50 - Intro 01:25 - Meet PLANTMADE founder Ama 05:49 - Growing up in Berkshire  12:16 - My first experience with business  19:34 - My relationship with money growing up 24:43 - Losing my recruitment job  28:25 - What inspired me to create PLANTMADE 33:11 - How I built a £11 Million e-commerce Business With a few £100s!  38:29 - This year has been the hardest year in my business career  45:12 - When you have a business you don’t have a stable salary!  52:52 - What key activities helped me build the business  57:09 - Even though my business made £11 million I didn’t celebrate!  01:06:23 - We’ve sold over 160,000 products and this happened… 01:18:29 - This keeps me resilient  01:21:18 - Hard work doesn’t guarantee success 01:25:11 - How entrepreneurs can communicate with their friends and family  01:28:55 - True wealth comes from selling your business 01:35:24 - I would do these 3 things differently if I started again 01:39:48 - Good habits adopted and bad habits I got rid off 01:42:23 - If you want to start an e-commerce brand today listen to this  01:45:04 - The vision for PlantMade  01:46:07 - Final words Learn more about your ad choices. Visit megaphone.fm/adchoices

Joining us in the booth this week is Deborah a practicing Solicitor in England and Wales with over 27 years legal experience, a Certified EU-GDPR Practitioner and a certified Will writer. In this episode we discuss: - Why it’s essential that you have a Will - How to write a tax efficient Will - What happens to your assets if you don’t have a Will - The different roles outlined within a Will - An overview of how trusts work and much more! 🔗 Connect with Deborah: Website: https://deborahbowerswillwritingservices.com Youtube: https://www.youtube.com/@deborahbowers 📚 Grab a copy of Deborah's book How to write a Tax Efficient Will: https://amzn.to/4dBnuUM ➡️ Follow Savvy Wallet on: Instagram: https://www.instagram.com/savvywallet TikTok: https://www.tiktok.com/@savvywallet 🎥Watch on Youtube Check out: https://www.youtube.com/savvywallet for the video version Our partners: ⚡️Trading 212⚡️ Get a FREE fractional share worth up to £100 when you open an ISA or invest account and deposit at least £1, using my link: https://www.trading212.com/join/SAVVY Alternatively type SAVVY" directly in the app to get the free fractional share. When investing, your capital is at risk. Tax treatment depends on your individual circumstances and regulations which may change. Other fees may apply. TIMESTAMPS 00:00 - Preview 00:52 - Intro 01:25 - Meet Solicitor and Will Writer Deborah Bowers 02:40 - Growing up in St Lucia 05:51 - Working as a crown prosecutor for 9 years  11:37 - Why I started writing wills for people  17:27 - You can put assets in your will that are not yours yet 20:33 - How to save up to 40% inheritance tax! 30:01 - What’s a Will and why you NEED it? 34:05 - The different ROLES in a Will 38:31 - How a will can make you more tax efficient  46:05 - Horror stories about Wills to avoid! 47:39 - Can someone write a will on your behalf?  50:39 - Steps to getting will created today 56:22 - When should you update your will?  57:32 - The different type of trusts? and why you need one! 01:04:36 - How to write a tax efficient will book  01:08:21 - Final words Learn more about your ad choices. Visit megaphone.fm/adchoices

Joining us in the booth this week is Sammie Ellard-King who is a financial educator and founder of up the gains a financial literacy platform to help people with their finances. In this episode we discuss - How Sammie got out of £24,000 debt in 18 months - How to identify your financial freedom number - The exact steps to go from debt to financial freedom - Side hustle vs a side business - Why your side business doesn't need to make £10,000 a month - How much you should Save vs how much you should Invest - How investing can help you to achieve financial freedom and much more! 🔗 Connect with Sammie on: Instagram: https://www.instagram.com/upthegainsmoney Sponsors 🌍 WorldFirst 🌍 Sign Up For a ‘One World Business Account’ for FREE and receive a £200 sign up bonus here: https://www.worldfirst.com/uk/campaign/sign-up-bonus-promo/?utm_medium=kol&utm_term=savywallet ⚡️Trading 212⚡️ Get a FREE fractional share worth up to £100 when you open an ISA or invest account and deposit at least £1, using my link: https://www.trading212.com/join/SAVVY Alternatively type SAVVY" directly in the app to get the free fractional share. When investing, your capital is at risk. Tax treatment depends on your individual circumstances and regulations which may change. Other fees may apply. ➡️ Follow Savvy Wallet on: Instagram: https://www.instagram.com/savvywallet TikTok: https://www.tiktok.com/@savvywallet Check out: https://www.youtube.com/savvywallet for the video version TIMESTAMPS 00:00 - Preview 00:59 - Intro 01:34 - Meet Financial Educator Sammie 04:14 - WorldFirst Ad 05:24 - Growing up in St Albans 09:15 - How I became a Marketing Director by 29! 14:37 - Trading 212 Ad 15:50 - Moving from Marketing Director to a hospitality business  20:59 - Why I created up the gains 23:34 - I paid off £24,000 debt in 18 months. How I did it  28:27 - What is your financial freedom number? 30:56 - The different types of financial freedom!  35:35 - Side hustle vs Side business 46:57 - Examples of side hustles  51:23 - How to identify the right side hustle for you 55:54 - How much should you save every month?  01:00:29 - Cash ISA vs a Stocks and Shares ISA  01:04:09 - Why you should invest! Pro’s and Cons 01:07:55 - Exact steps for you to start investing today!  01:13:40 - How I built my six figure investment portfolio  01:18:19 - How to develop your investor mindset  01:22:33 - The importance of getting to £100k net worth quickly!  01:26:07 - Financial literacy platform up the gains  01:28:03 - Final words Learn more about your ad choices. Visit megaphone.fm/adchoices