715 episodes

Your money. Your life. Your problem? We’re so busy earning money, we don’t have time to learn how to manage it. But that’s where Money Clinic comes in. Each week, the FT’s money-making expert Claer Barrett responds to real-life money questions from a range of millennial guests. Every 25-minute episode is packed with nuggets, tips and takeaways shared by top FT writers and financial experts. Where and how to invest your cash is our main focus; going beyond crypto and ‘meme stocks’ for those who aspire to ‘get richer slowly’ and become more confident making financial decisions in the wake of the pandemic. From getting on the property ladder to finding side hustles that boost your income and making full use of tax-breaks, this podcast is on the money for millennials. There are no short-cuts to wealth, but Money Clinic promises to tell you things you didn’t know about your finances in ways that anyone can understand. Want to talk to Claer on the show? Email money@ft.com or drop her a line on Instagram @Claerb

Money Clinic with Claer Barrett Financial Times

    • Business
    • 4.2 • 335 Ratings

Your money. Your life. Your problem? We’re so busy earning money, we don’t have time to learn how to manage it. But that’s where Money Clinic comes in. Each week, the FT’s money-making expert Claer Barrett responds to real-life money questions from a range of millennial guests. Every 25-minute episode is packed with nuggets, tips and takeaways shared by top FT writers and financial experts. Where and how to invest your cash is our main focus; going beyond crypto and ‘meme stocks’ for those who aspire to ‘get richer slowly’ and become more confident making financial decisions in the wake of the pandemic. From getting on the property ladder to finding side hustles that boost your income and making full use of tax-breaks, this podcast is on the money for millennials. There are no short-cuts to wealth, but Money Clinic promises to tell you things you didn’t know about your finances in ways that anyone can understand. Want to talk to Claer on the show? Email money@ft.com or drop her a line on Instagram @Claerb

    Repeat - How can I get started as an investor?

    Repeat - How can I get started as an investor?

    REPEAT: In this week's episode of the Money Clinic, Claer chats to Naureen about getting started in investing. Naureen had a wake up call when she received her annual pension statement through the post, and saw that her projected income in retirement would not even cover the basics. But with so much information out there on investing, she doesn’t know where to begin. Experts Jason Butler, the FT columnist and Charlotte Brayton, financial planner at James Hambro & Partners join Claer to give their two pennies worth.


    If you would like to talk to Claer on a future episode, please email the Money Clinic team at money@ft.com with a short description of your problem, and how you would like us to help. 


    If you want to read more about the topics covered in this week's episode, check out the following FT articles - some of which are free to read:
    Even if you are not a fan of 90s rapper Vanilla Ice, Claer’s free primer on the tax advantages of investing through a stocks and shares Isa is a must-read for UK listeners: https://www.ft.com/content/684dbb86-40b4-11e9-b896-fe36ec32aece
    If you want to read more about budgeting, here is another free column of Claer’s: https://on.ft.com/2WTh1PP
    A more serious read for investors to get their teeth into is this piece by John Kay - How to build your own investment portfolio with £10,000: https://www.ft.com/content/24b98a82-b55e-11e6-961e-a1acd97f622d
    We also heartily recommend John Kay’s book "The Long and the Short of It - A guide to finance and investment for normally intelligent people who aren’t in the industry".


    Say hello on social media: 
    You can follow Claer on Twitter and Instagram @Claerb
    You can follow Jason Butler on Twitter and Instagram @JBtheWealthMan 
    You can follow FT Money on Twitter @FTMoney
     
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    • 19 min
    Bonus episode - Help! I lost all my savings to a scammer

    Bonus episode - Help! I lost all my savings to a scammer

    Would you fall for a £17,000 scam? You might think you are too smart to be duped by fraudsters, but under lockdown, criminals have come up with frighteningly convincing ways of parting us from our hard-earned cash. Claer Barrett talks to 31-year-old listener Jenny about how professional scammers conned her out of £17,000 after she clicked on a text message - and the battle she’s fighting with her bank to get the money back. 
    Bank fraud expert Steven McMillan provides practical advice about spotting scams and how criminals use ‘phished’ data to fool victims, and Gareth Shaw from Which? tells listeners how to get compensation if they fall victim. 
     
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    • 24 min
    Bitcoin: “I’ll either be rich, or wrong”

    Bitcoin: “I’ll either be rich, or wrong”

    When 29-year-old Sam found out that his younger brother had made £30,000 trading bitcoin, he couldn’t believe what he was hearing. The self-employed musician decided to put the last £2,000 of his savings into various cryptocurrencies, hoping he could double his money. However, wild swings in crypto valuations are proving a test of his strategy. Presenter Claer Barrett explores the highs and lows of investing in cryptocurrencies with experts Abhishek Sachdev, a professional investor who has personally invested £20,000, and Eva Szalay, the FT’s currencies correspondent. They discuss crypto’s long-term potential as an asset class and the risks that investors such as Sam need to be aware of, as well as the allure of investing in highly volatile unregulated assets. Review clips: BBC Newsnight, CNBC.
    If you would like to be a guest on Money Clinic and chat to Claer about a money issue that’s bothering you, get in touch — our email is money@ft.com -— and you can follow Claer on Twitter and Instagram @ClaerB.
     Further reading:
    -Read Eva Szalay’s article Bitcoin: too good to miss, or a bubble ready to burst?
    -Following Elon Musk’s tweets about the environmental impact of mining Bitcoin, check out this FT article Bitcoin’s growing energy problem: ‘It’s a dirty currency’ 
    -Here is how the FT covered the story of the Bitcoin price crash last week 
    -Check out our recent investment masterclass episode with FT columnist Merryn Somerset Webb, where she chats to Claer about Bitcoin and all kinds of other investment trends
     
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    • 29 min
    How can I change my money mindset?

    How can I change my money mindset?

    It’s easy to create a budget to manage your spending - but can you stick to it? 32-year old project manager Rosie contacted Money Clinic as she kept making the same mistakes. Despite starting the month with good intentions, online shopping sprees frequently pushed her into the red. Battling with ‘buyer’s remorse’ as she returned her impulse purchases, Rosie asked Claer what psychological factors could be causing her to break the budget? Tim Harford, FT columnist and author, turns to behavioural economics to show how we can train our brains to resist the urge to splurge. Financial coach and blogger Ellie Austin-Williams, known online as This Girl Talks Money, encourages Rosie to explore her ‘money mindset’ and probe her emotional connections with money. 
    If you would like to be a guest on Money Clinic and chat to Claer about a money issue that’s bugging you, get in touch — our email is money@ft.com. Follow Claer on Twitter and Instagram @ClaerB.
    Further reading:
    Tim Harford writes the ‘Undercover Economist’ column in the Financial Times. His bestselling book How to Make the World Add Up is out now in paperback. Follow him on Twitter @TimHarford
    Read Ellie Austin-Williams’s blog on exploring your ‘money mindset’ on her website This Girl Talks Money and follow her on Instagram @ThisGirlTalksMoney
    If like Rosie, you need some help working through maternity pay and pensions issues, check out our previous episodes Will having a baby break my finances? and Should I combine my pension pots?
    And if you’re after budgeting tips, check out Claer’s recent column: Lock down your budget before the economy opens up
     
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    • 27 min
    Could I borrow to invest?

    Could I borrow to invest?

    Accountant Peter knows that to grow a business, you have to take on debt. But can he apply that same logic to his personal finances? He tells Claer how he is tempted to take out a bigger mortgage against his London flat and invest that money in a buy-to-let property - or even in the stock market. Has he come up with a brilliant shortcut to making some extra money, or is his plan to leverage up a recipe for disaster? Personal finance expert and FT columnist Jason Butler stresses that debt is no shortcut to wealth, while the FT’s European economics commentator Martin Sandbu looks at recent consumer debt trends.
    If you are a regular Money Clinic listener and want to be in with a chance of winning £250, then let us know what you think of the show at www.ft.com/moneyclinicsurvey 
    If you would like to be a guest on Money Clinic and chat to Claer about a money issue that’s bugging you, get in touch — our email is money@ft.com
    Claer and Jason will be doing an Instagram Live on Tuesday 18th May at 7.30pm UK time discussing the issues raised on this episode. If you would like to take part and ask questions, follow Claer @ClaerB or Jason @JBtheWealthman on Instagram
    Further reading
    Here’s our Money Clinic episode on how to get out of problem debt, and here’s the one about whether it's a good idea to pay off credit cards 
    Follow Martin on Twitter and check out his book, The Economics of Belonging
    Jason’s FT columns are available here. You can follow him on twitter and instagram and be sure to checkout his podcast
    Jason recommends reading John Kenneth Galbraith’s The Great Crash 1929 and watching Capital in the Twenty-First Century
    For the latest on market trends, follow the FT’s markets page.
     
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    • 26 min
    Investment masterclass with Merryn Somerset Webb

    Investment masterclass with Merryn Somerset Webb

    Retail is not dead. Brexit could help UK companies. Take a small punt on bitcoin, keep your money invested in fossil fuel companies, and reassess your holdings in expensive tech stocks. These are pretty punchy opinions about the investment world — and they come from one of the FT’s top opinion writers, columnist Merryn Somerset Webb. In this special episode of the Money Clinic podcast, Merryn chats to presenter Claer Barrett about her personal investment strategy — and the forces she believes will shape the stock market in the years to come.
    Listeners should be aware that the discussion of investment trends on this podcast is for information only, aimed at people who feel confident making their own investment decisions. It doesn’t constitute an investment recommendation, or individual financial advice — if you want that, you’ll need to see an independent financial adviser.
    Find out more:
    - Both Merryn and Claer write a weekly column in the FT Weekend and you can follow them on Instagram and Twitter @MerrynSW @Claerb 
    - Hear Merryn’s tips for 19-year-old investor Ross in a previous Money Clinic, Beyond GameStop: The day trader turned investor
    - For a different take on ESG investing, check out this episode Can ESG investing really change the world? And if you’re new to investing, listen to How can I get started as an investor?
    - If you would like to chat to Claer about a real-life money problem on a future episode of the podcast, then drop us an email: money@ft.com 
     
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    • 22 min

Customer Reviews

4.2 out of 5
335 Ratings

335 Ratings

Gj_h ,

Makes finance friendly

Finance is so often something to fear. This podcast is excellent at tackling the issues we should all be thinking about, and does it in such an approachable and engaging way. Keep up the great work!

Marcia£££ ,

Why don’t you ?

Why didn’t you do some research before the the interview such as looking on trust pilot and then you could have asked “why are so many of your customers disgusted with your bank’s terrible costumer service?” Now that would have been worth listening to. Instead of just massaging her ego. I remember a similar IC podcast with the founder of Metro Bank and, I am sure, if he had of been asked about why the regulators were chasing him in the US not so many of your readers would have wasted their money investing.

Baunton ,

Ok

Mummsy, very PC podcast. Not a great one to learn much

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