EP. 129 - No. 1 Finance Author: Do This To Become A Millionaire On A £25,000 Salary! ft. Andrew Craig
Description
Joining us in the booth this week is Andrew Craig, who is a best-selling finance author of titles such as “How to Own The World: A Plain English Guide to Thinking Globally and Investing Wisely”, he is a financial educator of 12 years and founder of personal finance website: Plain English Finance.
In this episode we discuss
- How financial literacy & investing can make society a better place
- The real reason for the cost of living crisis
- How the cost of living crisis could be solved
- The difference between ‘investing’ and ‘trading’
- The power of time and compounding on your finances
- How ‘real’ wealth is created
- How anyone can become a millionaire through investing
- How to own the world from an investing point of view & how to start investing today
- Lessons from the best investors like Warren Buffett
- Why he thinks biotech will create the next trillion dollar company and much more
Andrew's Books:
Get your copy of Andrew's best-selling book "How to Own The World" here: https://amzn.to/3XSr0Gc
Order his latest highly praised book "Our Future is Biotech" here: https://amzn.to/4eScW5K
Connect with Andrew:
Website: https://plainenglishfinance.co.uk
Youtube channel: https://www.youtube.com/c/plainenglishfinance
Follow me on:
- Instagram - https://www.instagram.com/savvywallet
- Tiktok - https://www.tiktok.com/@savvywallet
Check out: https://www.youtube.com/savvywallet for the video version
Our partners:
⚡️Trading 212⚡️
Get a FREE fractional share worth up to £100 when you open an ISA or invest account and deposit at least £1, using my link: https://www.trading212.com/join/SAVVY
Alternatively type SAVVY" directly in the app to get the free fractional share.
When investing, your capital is at risk. Tax treatment depends on your individual circumstances and regulations which may change. Other fees may apply.
TIMESTAMPS
00:00 - Preview
01:02 - Intro
01:37 - Meet Best-selling Finance Author Andrew Craig
03:36 - I lived in Kenya, Argentina, Australia for a bit…!
04:10 - Got a job at Swiss bank but knew nothing about capital markets!
06:15 - I interned in Washington D.C
09:51 - If you get 1% better you’ll become a millionaire
18:17 - The biggest missing link for happiness and contempt is…
19:30 - The stock market isn’t only for the rich…!
20:52 - Number 1 investment theme in history is…!
22:25 - The real reason for the cost of living crisis…!
25:28 - This is how to solve the cost of living crisis
26:26 - Start investing with £25 per month
29:24 - Financial literacy is life-changing..!
31:44 - Don’t rely on the state pension
33:27 - What is investing?
36:49 - The next trillion dollar company’s will be biotech companies
37:33 - Investing is having a financial involvement in human progress
40:15 - Why I wrote my book “How to own the world”
41:55 - Key lessons from my book!
45:17 - How to really own the world
47:30 - You can get 80/90% of the outcome you need by doing far fewer things…!
54:00 - Are there any drawbacks to investing?
57:51 - How to stay disciplined as an investor..!
01:03:31 - Should everyone invest?
01:06:52 - 70% of lottery winners go bankrupt
01:08:59 - How someone on an average UK salary can become a millionaire
01:10:25 - The stock market return is 10%, average investor is 5%
01:12:58 - You can enjoy your life and invest
01:17:13 - Lessons from the best investors did this…!
01:20:07 - How to start investing today
01:29:16 - Investing is financial exposure into real wealth
01:31:43 - Andrew’s new book: “Our future is biotech”
01:33:33 - Final words
The information contained on this video is not intended as, and shall not be understood or construed as, financial advice. I am not a financial advisor and the information in this video is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.
Learn more about your ad choices. Visit megaphone.fm/adchoices