713 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
    • 5.0 • 2 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

    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
    The finances of moving overseas

    The finances of moving overseas

    If I take a job outside the UK, what are the options for my investments, property and pension? 


    After months spent in lockdown, 31-year-old finance professional Viktoria is longing for a change of scene, and is planning to relocate overseas.


    She talks to Claer about her desire to escape the corporate lifestyle in London and her concerns about what would happen to her property, pensions and investments if she were to uproot. 


    David Denton, chartered financial planner at Quilter International, reveals the financial dilemmas commonly faced by Brits taking jobs overseas, and what someone in Viktoria’s position needs to consider. Theresa Wallace of property firm Savills talks through the pros and cons of renting out your home versus selling it when you move to another country. 


    Useful links:
    For tips and guidance on investing in ISAs, listen to How can I get started as an investor? 
    If you’re considering becoming a landlord and want to know more, check out Should I rent out my property?
    The FT’s Family Money columnist Lucy Warwick-Ching has some useful articles on the tax implications of working abroad during lockdown, and the need for sound financial advice when moving abroad. You can follow her on twitter here.


    Follow Claer @ClaerB on Instagram and Twitter. If you’d like to talk 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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    • 25 min
    Money Clinic meets Anne Boden

    Money Clinic meets Anne Boden

    Anne Boden spent over three decades in the traditional banking sector, watching the world around her being transformed by technology. In 2014, she decided that the time had come for banking to undergo the same shift, and quit her job to found Starling Bank. Since then, Anne has built Starling from an idea into a digital bank with 2m customers. 


    Claer talks to her about making the leap into fintech, the determination needed to turn an idea into a business and how she persuaded investors to back her. Budding business owners should sit tight as Anne shares some of the key lessons she learnt along the way - and why she thinks we should prepare for cash to completely disappear. 


    Read Claer’s review of Anne Boden’s autobiography, ‘Banking On It: How I Disrupted an Industry’. If you want to know more about how Anne Boden set up Starling Bank, you can buy a copy here.


    Follow Claer @ClaerB on Instagram and Twitter. If you’d like to talk 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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    • 21 min

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