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How To Make Your Money Make Money - Ben's Business Podcast #97

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Synopsis

How To Make Your Money Make Money - Ben's Business Podcast #97 Here's some of Naz's key lessons he shared: - there is no way to get rich quick - save for the future - don't put all your money in the bank - study the habits of the wealthy - save/allocate your monthly income with a formula 60,20,10,10 etc - If I had 5,10,15-20k, I'd invest in index funds via Vanguard or Black Rock. - Look at a Lifetime ISA and speak to a professional, I'm just here to make you aware of what's available to you (21mins in the video) - If you put money into investment platforms, make sure you choose one with 85k savings protection, and they keep your money separate from their money - invest in dividend-paying shares - if I want to invest in companies, I choose companies I know, use and love. Or, I trust in them being open to evolving. - think like a producer, not a consumer - don't put all your eggs in one basket - I feel its better to invest in stocks than in property in the UK. - if you spend money, use a credit card and always