We were meant to be planning our business strategy this week, but instead we began ranting about the lack of financial education in school. This seemed like the perfect reason to have another look at a previous episode we did – 4 years ago!
We were inspired by this Daily Telegraph article by Martin Lewis, the Money Saving Expert, and talked about some of his ideas while adding our own.
The lessons were:
- Your time has a value (Episode 63)
- Don’t borrow money to buy a liability or a depreciating asset
- Debt isn’t a dirty word (Episode 18)
- Inflation will make you poor…or rich (Episode 24)
- A pension isn’t just for thinking about when you get old
- Financial success doesn’t mean owning your own home
- You don’t need a job to earn money
- Understand compound interest (play with a compound interest calculator here)
We believe these lessons are vital and we should all be aware of them. If you already know this and are living by them, then pass this episode along to someone you know who could benefit.
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