Episode 45: Demystifying and Taking Control of Your Personal Finances with the co-founders of Millennial Money, Shaq and Niaz.
Description
In this episode, I speak to Shaq and Niaz, co-founders of Millennial money. Most millennials find managing money quite difficult. Millennial Money UK creates and curates content relating to personal finance targeted at young people. Financial empowerment often comes from better understanding and education. But not enough of us seek help in financial planning, despite the advantages it can give.
We’ve all grown up with the notion that money makes the world go round, yet so few of us really feel comfortable, or qualified, to engage in the money conversation. They’ve created a community sharing so much educational content to help people become more financially savvy.
To meet your financial goals, we need to be able to better track and budget our spending, and alter our daily spending. And whilst many of us have been working from home and thus saving money on commuting, eating out and general shopping, maybe it’s time to divert most of that ‘saved’ money towards investing to be able to make more money.
Our finances also affect our mindset directly. There’s peace of mind in knowing that our finances are in good shape – and the feeling of stress when they’re not, or when we’re not sure - so if you’re feeling like you’re in that space, this episode is perfect for you.
We talk about how you can become more financially savvy with your own money, saving, investing, why you should pay yourself first and much more.
Watch 'The Power of Compound Interest' Video here (as referenced in this episode)
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