S1E1: First step to build wealth - what's your relationship with money? | Claer Barrett, Consumer Editor of the FT

The first step to building wealth is figuring out your relationship with money. That’s why we’re speaking to Claer Barrett, the Consumer Editor of the Financial Times and author of the book What They Don’t Teach You About Money. Claer isn’t good at maths and had periods when she wasn’t good with money but she’s managed to turn that around. At the heart of that change has been her growing understanding of her money personality. This is where you should begin too. 🤝 Want help from a financial advisor? We’ve teamed up with advisors we rate so you can get professional support. Learn more:  https://makingmoney.email/financial-advisors-audio ⛑️ Check your financial health https://makingmoney.email/health-check-audio 📧 Free guides on personal finance Learn how to build wealth in the UK: https://linktr.ee/makingmoneypod Money personalities from Claer’s book - which ones describe you? -Spendy Wendy: could be you if you know the three numbers on the back of your bank card off by heart as you do so much online shopping -YOLO (you only live once): could be you if you have ever uttered the words ‘To the moon’ without irony - Goblin: could be you if you get more of a kick from saving money than spending it -Spreadsheet Slave: could be you if you have ever dreamed in Excel -Jitterbug: could be you if you have a constant state of underlying anxiety about money -Ostrich (stick your head in the sand): could be you if you say a silent prayer every time you tap your card to pay Budgeting tools -Spreadsheet, like this: https://docs.google.com/spreadsheets/d/16Fs9eccfAjEXFXhwG7gwyEOPMoap2UYIF-0yz1o3T2U/edit?gid=0#gid=0 -Budget planner, a free government tool -You Need A Budget (YNAB), a paid for tool with all the bells and whistles: https://www.ynab.com/ Subscribe to our newsletter: https://makingmoney.email/ You can find all our previous newsletters on our website: www.makingmoneypodcast.co.uk/episodes. 🎉Sponsors Vanta - Get your company secure and compliant, with $1k off: https://vanta.com/makingmoney Tide - Get 4.07% AER variable on your business savings. Use this link www.tide.co/offer/makingmoneyq1 or the code 'MAKINGMONEYQ1'. You'll also get £100 if you fund your account with £5,000 in the first 30 days. Ts&Cs apply.  New members receive a 0.78% AER boost on the standard 3.29% on unlimited deposits until 01/06/25 after which the rate reverts to 3.29% and is only earned on balances up to £75,000. Rate correct as of 19/12/24. Full terms: tide.co/terms/makingmoneyq1-tnc. -- If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. Disclaimer: This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.