The Money Planner with Warren Shute
by Warren Shute
My name is Warren Shute, and I am one of the UK’s leading Financial Planners and a bestselling author of The Money Plan. I realised there were many people who did not feel comfortable reaching out to a Financial Planner, either because they did not feel they earnt enough, had enough or were just put off by the term ‘Wealth Manager’.So after I won Certified Financial Planner of the Year, I decided to turn my attention to help those individuals and families make better money decisions as I believe everyone deserves to have financial freedom, freedom from the worries of money, regardless of wealth or status. I set up http://warrenshute.com and wrote the bestselling book "The Money Plan" to help with just that.Now you can listen to my weekly YouTube show "The Money Planner" as a podcast, where I discuss ideas and strategies for better money management so you can become financially free. Don't forget to visit my website http://warrenshute.com for free useful downloads and more useful info
Episodes
-
Episode 109: Check your tax details - it could be costing you thousands
The UK tax system is notoriously complex, and it's not just our ‘cash income’ such as salary and bonuses that we pay income tax – we also pay it on any benefits in kind (BIK) or ‘non-cash benefits’ that we receive in employment. You should be aware that they can be deceptively unkind in tax…
more -
Episode 108: Essential actions to take before the year ends
Your New Year’s Eve celebrations may seem a distant memory, and for many of us when we start a new year we commit to some resolutions; goals that we’d like to accomplish in the following twelve months. However, if you're struggling to complete your financial goals for the year, how can you get…
more -
Episode 107: Snowball your way out of debt - learn a debt repayment system that works!
With interest rates rising and the economy being so uncertain, now more than ever you need to be financially secure. A great way to increase financial security is to repay your debt, but it’s not easy, is it. I use a process that’s different to most others when it comes to getting debt-free,...
-
Episode 106: Is it time to get out of the stock markets?
A lot of people are stressed out by a lot of things at the moment - Markets are down, prices are up, and interest rates are rising. So should you be thinking about cashing out your investments, and leaving the stock markets? Watch this podcast to find out more. For more financial planning help...
-
Episode 105: The secret to a happy retirement
In this podcast episode, discover the secret to a happy retirement and how to plan ahead to help make your retirement the best years of your life. For more financial planning help please visit warrenshute.com/
-
Episode 104: Should you invest your money in property or in the stock market?
In recent years we’ve seen a resurgence in property investing brought on partly by the stamp duty holiday. But what should you do when it comes to your money? should you invest it into a property? or should you invest it in the stock market? In this episode, I will detail the reasons why I…
more -
Episode 103: Should you change my investment portfolio considering the news?
After touching record highs in early January, many world markets have pulled back from their highs, and investors have been confronted with worrisome headlines in the financial press regarding record inflation and more recently the Russian invasion of Ukraine. Is rising inflation and Russia’s...
-
Episode 102: Tax allowances for your year-end tax planning in 2022
With the cost of living increasing and our electricity bills looking more like Elton John’s florist bill, we thought it even more pertinent to tax plan this season and maximise our savings. While tax planning is an important part of financial planning, it is not the only part. It is essential…
more -
Episode 101: What is Inheritance Tax? and what tax reliefs are available?
Inheritance tax is becoming a concern to more and more people. A simple yet effective way of planning is to use exemptions and reliefs and use of the normal expenditure out of income exemption can be particularly useful. It is a fact that inheritance tax receipts are increasing and the number of...
-
Episode 100: How much do you need for your retirement?
How much is enough for you to retire? What’s your number? None of us are getting any younger and time flies faster as we age, so it’s important to plan ahead for retirement, a period of our life that could last 40 years. My wife gets frustrated with me when I spend more time planning our…
more -
Episode 099: The Roaring 2020s
Many have struggled financially during the pandemic, and they will need to bring their financial house back in line. Others have thrived on working from home and may never return to their offices, many saving thousands each year in travel, food, and new office outfits. At the same time, we’ve all...
-
Episode 098: The road to Debt Freedom in 2022
Life is never a straight line; we have highs and lows. Our spending is no different. I was speaking with my children this week and explained that when you have an expensive month, like we did in December, it’s right to reign in the spending a little, to offset, otherwise you could easily find...
-
Episode 97: how to get ahead with your money matters
We like to do things in life that we enjoy. We find these things easy to do, they take little effort, and we know we’re going to have a good time doing them. Contrast this to our finances: most of us don’t review our money or what’s happening with it because we think it’s difficult, it can be...
-
Episode 096: Start Saving Smarter - Use a savings platform to time your savings
How to make the most of your savings is an essential part of getting ahead financially, and it is especially true at a time when inflation is increasing. It can be difficult to maintain the real buying power of your pounds. With having a savings platform, when you open your savings account, you…
more -
Episode 095: The secret to a happy retirement
Not surprisingly, I’m a big believer in planning. That’s especially true when it comes to the golden years of our retirement. But will those years really be golden, or more like copper?! Discover the secret to a happy retirement and plan ahead to help make your retirement the best years of your...
-
Episode 094: Your country needs you! - supporting UK or local businesses
It’s essential we use this period to organise our finances. Part of that means supporting local businesses whenever you can, because one person's spending is another person's income, and it could be helping you further down the chain.
-
Episode 093: The secret of money - clarity is power
If you know your numbers, money isn’t as complicated as you might think. Clarity gives you the enthusiasm to make better decisions and live the life you want to live. I often refer to ALIE as every financial planner's best friend; assets, liabilities, income and expenditure. The last 18 months…
more -
Episode 092: True Wealth - Living in the present and planning for your future
Life is not a continuum: precious time is running out for us all. Securing your future is essential, but so is enjoying the present moment. So few people ever actually achieve this balance, which I refer to as true wealth. Being rich can be nice, but true wealth – which money can’t buy and death...
-
Episode 091: Fathers Day - Lifelong lessons to learn and share about finances
Family Finances for Father's Day. It’s no surprise that raising kids comes at a cost, but it’s also an opportunity to learn – for children and parents, check out my latest Money Planner Podcast below.
-
Episode 090: Inflation & money - how to increase your wealth
Inflation is normal, we shouldn’t be afraid of it, but when its momentum builds it can get out of control and skyrocket, which typically means things become more expensive. Something that’s overlooked with inflation is the impact on your cash. Why? Because inflation is effectively a constant tax…
more -
Episode 089: Time flies so make it count - discover the 2 important questions to ask yourself
I think we all agree that time flies. It’s our decisions in life that will shape our future, not our knowledge or our conditions. I always want to know two things from people before we start talking money.
-
Episode 088: The new Advanced Learner Loan is making it easier to learn new skills and earn more
It seems crazy to me that at 18 years old you can be expected to know what you want to do for the rest of your life. Deciding your career for maybe the next 50 years is somewhat unrealistic. If the choice you made didn’t work out and now you find yourself out of work or without the money to learn...
-
Episode 087: The benefits of repaying your mortgage early will surprise you
It’s the one debt most of us are happy to take out and it seems almost second nature to do so; for the majority, it takes nearly our whole working lifetime to repay it. So how can you join the 60% or so of householders who own their homes outright? Watch this video to discover how making…
more -
Episode 086: Struggling with your debts? get some breathing space with the new debt help scheme
If your debts have become overwhelming and you don’t know where to turn, help is at hand. This month the government launched a new initiative called “Breathing Space”. The scheme has been designed to allow people struggling with debt to take 60 days as a breather. What does this mean in reality?...
-
Episode 085: Money and the implications on mental health
Many people often think that if they had more money, all their worries would go away. But (and while I am sure you’d prefer to find this out for yourself), I can tell you that for most people, more money just means different types of worries. Most people live to their means, and some for various...
-
Episode 084: The benefits of life insurance and how much should you get?
As a certified financial planner, a vital part of what I do is ensuring catastrophes like premature death are considered now, so there is a plan in place before an eventuality may occur. Managing risk is an important part of that. A way of transferring the risk away from your family unit to an...
-
Episode 083: The 4 secrets of investing
I’ve been fortunate in my life to have met some great minds, people far smarter than I am, who showed me how to get ahead financially. I’m very grateful for this and I think that’s why I wrote The Money Plan, to share some of the secrets they taught me in order to help as many people as possible....
-
Episode 082: State pension back-payment claim for women
Thousands of married women who reached state pension age before 6 April 2016 have been underpaid their state pension for more than two decades. Documents revealed in the budget last month highlighted that approximately 200,000 pensioners have potentially been underpaid up to £3bn between them in...
-
Episode 081: Investing earlier in the tax year pays off later
Why our tax year starts on 6 April is a tale for another time, but what’s important is that you make the most of your money and tax breaks and to get off to a good start this new tax year. If you are one of the people investing into an ISA and pensions at the last minute, then you could be…
more -
Episode 080: Income Protection - Why you need to insure the golden goose!
If you had a goose that laid you a golden egg each month as long as you took care of it every day, fed it and watered it, you’d probably look after it really well. Would you insure it? So that if it got sick and stopped laying the golden eggs, rather than go hungry you would have the insurance...
-
Episode 079: Charity is the gift that keeps on giving
Charities around the world have felt the effects of the pandemic from both sides: donations have reduced as people tightened their spending; and the numbers in need have increased as more people fall on harder times. When you support a charity with a donation, there are government financial...
-
Episode 078: Budget 2021 - What do the government's tax and spending plans mean for your money?
Chancellor Rishi Sunak set out the government’s tax and spending plans as the nation continues to deal with the effects of COVID-19. The Government has borrowed a record £355bn so far fighting the pandemic and has to come up with a way of paying it back. Sunak also needs to continue supporting…
more -
Episode 077: Property or shares? what should you invest in?
When I started in financial planning back in 1995, the biggest obstacle I heard to investing was ‘I’m buying bricks and mortar, that’s my pension’. This went away somewhat during the Global Financial Crisis of 2008, in part I think because of the difficulties of arranging mortgages, but also...
-
Episode 076: A little bit of Bitcoin? Are cryptocurrencies the future for investing?
I am often asked questions about Bitcoin, and cryptocurrencies in general, on whether they make a good investment. Bitcoin is just one of over 4,000 different cryptocurrencies globally, according to investopedia.com. While many of these cryptocurrencies have little to no following or trading...
-
Episode 075: How to manage finances and relationships
They say that more relationships break down over money issues than anything else other than infidelity. So how can you win at the game of money and stay in a happy relationship? The key to a happy relationship is communication, Start with the big questions about money and goals. Spending money is...
-
Episode 074: Knowing your number - how much do you need to be financially secure?
How much is enough for you to retire? What’s your number? None of us are getting any younger and time flies faster as we age, so it’s important to plan ahead for retirement, a period of our life that could last 40 years. My wife gets frustrated with me when I spend more time planning our…
more -
Episode 073: The great decade ahead for investing in world economy
Electric cars, Artificial Intelligence, virtual and augmented reality… the technology that’s in development now makes me excited about what we’re likely to see happen over the next decade. And that’s before you even consider the green revolution. This is all well and good, but how can you benefit...
-
Episode 072: Take the road to debt freedom in 2021
The average UK credit card interest rate is estimated to be a whopping 22.5%, according to the Bank of England. Nobody can afford to carry a liability like this. If you’ve had enough of this financial burden on your shoulders, then follow my six-step plan to repay your unsecured debt (credit…
more -
Episode 071: Building your House of Wealth starts with strong financial foundations
When building your "house of wealth", financial foundations are often overlooked, because they aren’t exciting. They might not wow you, but they’re so important – just like your real home, if you start building your house of wealth without strong foundations in place and something goes wrong, it...
-
Episode 070: Make organising your finances a breeze in 2021
We like to do things in life that we enjoy. We find these things easy to do, they take little effort, and we know we’re going to have a good time doing them. Contrast this to our finances: most of us don’t review our money or what’s happening with it because we think it’s difficult, it can be...
-
Episode 069: Achieve your financial goals by embracing new money habits in 2021
We all know January is the perfect time to try and do something different, so set yourself on the path to a better financial future by changing your relationship with money this year. Where you are and your current financial situation doesn’t need to continue. You can embrace new habits. They…
more -
Episode 068: Looking back on 2020 to move forward in 2021
What a year it’s been. Here are my reflections on some of the events of the year, and what we can take forward into 2021 from the experiences we’ve had.
-
Episode 067: How pre-paid funeral plans work, and what is the new legislation?
In 2020, the overall cost of dying once again increased. It’s now at an all-time high of £9,493, according to SunLife, for a basic funeral, professional fees and a send-off. Over the last 15 years this has increased at almost 6%pa – a rate far higher than inflation. Because of the rising costs…
more -
Episode 066: Saving up doesn't mean being Scrooge
I’m often told, ‘I don’t want to live like a miser now just so I can retire rich – I may never make it!’ To which I reply, ‘I don’t want you to be a miser either… be a conscious spender instead.’ Being a conscious spender is being frugal, not like being Scrooge. It’s not about denying yourself…
more -
Episode 065: What is the government spending review about? and how does it affect you?
There’s been a lot of talk about the chancellors spending review recently, but what is it? A spending review is a process carried out by HM Treasury (the governments' financial department) which sets out how much taxpayers money is allocated to each government department to spend on things like…
more -
Episode 064: Compound Growth - The 8th Wonder of the World
I was explaining to my staff at my financial planning firm Lexington Wealth this week about compound growth. Compound growth is why the rich get richer, but it’s how you can get richer also. Albert Einstein once said about compound growth ‘…it’s the eighth wonder of the world. He who understands...
-
Episode 063: Research reveals our money secrets
Money is an emotional thing. I liken it to a diet or our weight: we don’t like to talk about what we earn, or how much we have saved, or what we weigh because we worry others will judge us. But not talking about money is causing problems in society, with a real psychological impact too. Mind, the...
-
Episode 062: Tax benefits when working from home
November lockdown means many of us will be back to working from home. Whether you’re rejoicing or despairing at that prospect, it brings additional heating and lighting costs as we head into the chilly months. Listen to this episode to find out how you can save tax on household bills and other...
-
Episode 061: A summary of the government financial support package updates
The Government’s financial support package keeps changing, if you’ve not been able to keep up to date don’t worry here’s a summary on the Furlough scheme, self-employed help, sick pay, mortgage holidays, and tenants.
-
Episode 060: Divorce and dealing with pension splits
There were 90,871 divorces in England & Wales in 2018 and 6,873 in Scotland, although divorce rates as a proportion of marriages are at their lowest rate in nearly 50 years. Of course, 2020 could buck that trend as we’re spending far more time together under one roof, working, playing and perhaps...
About this show
My name is Warren Shute, and I am one of the UK’s leading Financial Planners and a bestselling author of The Money Plan. I realised there were many people who did not feel comfortable reaching out to a Financial Planner, either because they did not feel they earnt enough, had enough or were just put off by the term ‘Wealth Manager’.So after I won Certified Financial Planner of the Year, I decided to turn my attention to help those individuals and families make better money decisions as I believe everyone deserves to have financial freedom, freedom from the worries of money, regardless of wealth or status. I set up http://warrenshute.com and wrote the bestselling book "The Money Plan" to help with just that.Now you can listen to my weekly YouTube show "The Money Planner" as a podcast, where I discuss ideas and strategies for better money management so you can become financially free. Don't forget to visit my website http://warrenshute.com for free useful downloads and more useful info
Hosted by
Warren Shute
Categories