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What you need to know about money each week and what the news means for you, from the UK's best financial website.

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What you need to know about money each week and what the news means for you, from the UK's best financial website.

    Build up a cash pot then buy and sell your way to profits: Never Go Broke/This is Money special

    Build up a cash pot then buy and sell your way to profits: Never Go Broke/This is Money special

    This week saw the launch of new book - Never Go Broke: How To Make Money Out Of Just About Anything, co-written by This is Money personal finance editor Lee Boyce.

    In this podcast special, Lee is joined from Los Angeles by his co-author, Storage Hunters TV star Jesse McClure, to explain all to Georgie Frost and Simon Lambert.

    Jesse and lee discuss how they met, how the book was created, and their three step approach to putting more money in your pocket with a little bit of entrepreneurial endeavour and reselling.

    The book is broken down into three parts: how to build up a cash pot, learning the resale blueprint and investing the pot for resale profits.

    Step one is all about properly selling items in your home, making cash legitimately – and safely – online, and even making money from stuff you might think is trash. This is good both for your wallet and the environment.

    Step two sees Jesse outline some of the tips and tricks he uses everyday as a professional buyer and seller, while step three is all about hunting down spots to buy items to make even bigger profits – from car boots, to charity shops.

    While it won't make you a millionaire overnight, the pair believe it can be a great hobby, a way to stay afloat, or to set the foundations to becoming a professional at it.

    The authors also share some of Jesse's big wins and tips for getting started straightaway.

    • 54 min
    Are you itching to spend after lockdown or planning to save?

    Are you itching to spend after lockdown or planning to save?

    Are you itching to spend or planning to save? Lockdown savers are forecast by the Office of Budget Responsibility to have stashed away £180billion by the middle of this year.
     
    That collective cash pile has been built up by those who have been fortunate enough not to see their finances hit by the pandemic, but have seen their outgoings drop substantially.
     
    We’ve already seen some big spending themes come out of this, as people splash out on everything from home improvements, to luxury garden furniture, expensive pizza ovens and hot tubs.
     
    The expectation is that as lockdown eases and people are released into the hoped for freedom that vaccines bring, they will go on a spending spree. 
     
    But will that definitely happen and will the economic rebound be strong enough to create a virtuous circle that delivers the much-talked about Roaring Twenties?
     
    Or will people be more cautious and adopt their newfound savings habit more permanently?
     
    On this week’s podcast, Georgie Frost, Helen Crane and Simon Lambert, dig into the save vs spend debate and look at how the giant behavioural and psychological experiment that lockdown represents might play out for the economy and people’s personal finances.
     
    Also on this week’s show, the team look at both investing in the big themes of the coming decades and buying a holiday let for profit.
     
    And finally, if a fence comes down how do you find out who has to pay for it and is there any truth in the old ‘yours is the one on the left’ rule?

    • 48 min
    Are 95% mortgages to prop up the property market wise?

    Are 95% mortgages to prop up the property market wise?

    Life is tough for first-time buyers. House prices were already expensive before the coronavirus lockdowns and defying all logic a mini-boom has sent the average house price up £20,000 further over the past year.At the same time mortgage lenders have indulged in a flight to safety, canning the vast majority of 95 per cent loan-to-value mortgages and bumping up the gap between rates on 90 per cent mortgages and those for borrowers with more equity.Once more into the breach has stepped the Government, with taxpayer aid for banks and building societies to offer more 5 per cent deposit mortgages.But is this a wise move? Should we stop meddling in the mortgage and property market, as short-term assistance ends up meaning long-term pain as more credit is extended and house prices climb ever higher?And could it be that while the 95 per cent mortgage push is the wrong move at the national economic level, on a personal level taking one might prove a good move for some, who could end up paying less than they do in rent.On this week's podcast, Georgie Frost, Lee Boyce and Simon Lambert discuss the 95 per cent mortgages, the rise in house prices and whether buy-to-let is still a good investment.Also this week, the lowdown on the Barclaycard customer service meltdown as long-standing customers see their credit limits slashed.And finally, you want a shed-office (aka a shoffice) to work in down the bottom of the garden, but can you power it with solar panels?

    • 56 min
    Was the Coinbase listing bitcoin and crypto's coming of age?

    Was the Coinbase listing bitcoin and crypto's coming of age?

    Was the blockbuster Coinbase stock market listing a coming of age for bitcoin and cryptocurrency or a top of the bubble moment?

    The world’s leading crypto exchange platform listed on the US stock market this week and at one point hit a hefty $100billion valuation, before slipping back to $60billion.

    That’s still a very big number, especially for a business that made $322million last year.

    But Coinbase is profitable, its earnings are growing rapidly, it can cash in whether bitcoin and crypto prices rise or fall, and the cryptocurrency genie is well and truly out of the bottle.

    So, could it prove to be a Facebook or Google of the crypto world? 

    On this week’s podcast, Georgie Frost, Tanya Jefferies and Simon Lambert look at the Coinbase float and what it means for the crypto and investing world.

    They also discuss the Spac frenzy, how it’s leading to lucky dip investing for some but also more companies coming to market, and whether once you know what’s in a Spac it could ever be worth investing.

    Also, on this week’s podcast, the team look at low risk investments that could be an alternative to a paltry 1 per cent five-year fixed rate cash Isa and Tanya updates on the women underpaid state pensions.

    And finally, Barclaycard has slashed customers’ credit limits and left many of them baffled and annoyed, so what on earth is going on? 

    • 50 min
    Is working from home here to stay and how do you make a career leap?

    Is working from home here to stay and how do you make a career leap?

    On Monday, we take a step towards normality – you can get your hair cut, have a beer outside at the pub and visit a clothes shop.But what about the future of the office? Will we ever go back full-time, or is a hybrid model more likely – and if you're tempted by a shed office, what should you look out for?On this week's podcast, Lee Boyce and Georgie Frost discuss the future of work and the pros and cons of WFH life, including the 'shoffice.'Elsewhere, should you claim home working tax relief and how much could you get for doing so? And what can you do if you want to change career, whether that is a huge leap or a 'bridging' one.Plus, are workers heading for a horrible shock when it comes to retirement and what can be done to navigate it?

    • 47 min
    What's behind the rising tide of financial scams?

    What's behind the rising tide of financial scams?

    Financial scams are on the rise. The coronavirus lockdowns have seen a fresh burst of investment cons with fraudsters impersonating legitimate companies to steal tens of thousands of pounds.

    Unwitting savers are being lured into fake savings and investments, such as fixed term bonds or share schemes, and transferring large sums to fall victim to clone fraud.

    What’s behind this burst of crime and how can people protect themselves?

    On this week’s podcast, Georgie Frost and Simon Lambert discuss the rising tide of fraud, how to stay safe and what more can be done to combat it.

    Also, on the show, the pair look into the cases of the mortgage prisoners, trapped paying high rates ever since the financial crisis while others have seen their monthly payments slashed.

    The Deliveroo float is also on the agenda – why did the shares slump as it hit the stock market?

    And finally, campervans are in hot demand, making this a good time for VW to be launching its new mini Caddy California: with sleeping space for two and an optional tent that turns into a home on wheels for all the family. Would you want one?

     

     

     

     

     

     

    • 50 min

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