• If you just pick any 10 random stocks, the chances are you will probably lose money over the long run.
• Most stocks don't actually deliver that much value.
• A lot of companies are terrible.
• There are companies out there that are scams, that are legal scams.
• It's technically not a scam, morally bankrupt, yes.
• The broker is slinging you two grand for every sign up.
• I just tell it how it is and I think people appreciate that.

The recording features Mrs. Mummy Penny discussing various topics, including financial independence, budgeting, and investing. She emphasiSes the importance of women taking control of their finances and careers, shares personal updates about her life, and offers practical advice on budgeting and investing. She also highlights the significance of maintaining a clean credit file and provides insights into her journey towards becoming a psychotherapist. The episode concludes with a teaser for an upcoming interview with Michael Taylor, focusing on investing in stocks, shares, and personal growth.

Summary

In this episode of Mrs. Mummy Penny Talks, host Mrs. Mummy Penny is joined by Pete Matthew, a chartered financial planner and podcaster, to discuss the importance of financial independence and resilience. They explore the concept that "a man is not a plan," emphasizing the need for women to be financially independent due to societal norms. The conversation covers financial education for children, the impact of upbringing on financial habits, and the challenges of maintaining financial control through life's changes.

Keywords

financial independence, resilience, financial education, societal norms, financial habits

Takeaways

• A man is not a financial plan.
• Financial independence is crucial for women.
• Teach children about money early.
• Financial habits are formed young.
• Life changes impact financial control.
• Align financial goals with partners.
• Money is a tool, not a master.
• Financial education is ongoing.
• Be kind to yourself financially.
• Financial resilience is a lifelong journey.

In this episode, Mrs. MummyPenny shares personal updates, including her house sale, health status, and career developments. She discusses the importance of budgeting, investing, and maintaining a good credit score, especially in preparation for a mortgage application. The conversation emphasizes the significance of personal finance management and the challenges of balancing family life with financial responsibilities.

takeaways

• It's important to keep your health in check to manage stress.
• Investing, even small amounts, can lead to significant growth over time.
• Understanding your credit score is crucial before major financial decisions.
• Used cars can be a cost-effective option compared to new ones.
• Budgeting tools can help manage finances effectively.
• Life changes often require a reset in financial planning.
• Maintaining a clean credit file is essential for mortgage applications.
• Networking and maintaining friendships can provide support during stressful times.
• Being proactive about financial education can empower better decision-making.
• It's okay to seek help and ask questions about financial matters.

• Introduction to Faith and a discussion about Health is Wealth.
• Without Health, Wealth will be impacted
• Physical and Mental Health
• Financial challenges can impact mental health.
• Faiths Health Journey
• Lynns Health Journey
• Weight loss can be achieved through mindset changes.
• Tips and Tricks to be Healthy, Exercise, Mental Health, Coping Mechanisms
• Where Not to Scrimp
• Biggest Money Mistake and Success
• Where to Find Faith

Order my Book here

The Money Guide to Transform Your Life by Lynn Beattie - Mrs MummyPenny

Follow me on Instagram

Lynn James Beattie Mrs Mummypenny®️ (@mrsmummypennyuk) • Instagram photos and videos

Or watch the video version of the podcast here

Follow Faith on Instagram (1) Instagram

And here are the links to S5 Cost of Living Special, we mentioned during this podcast.

(168) Cost Of Living - Mrs Mummypenny Talks - YouTube

Or you can find the episodes on any Podcast Platform, here is the Essencial Bills episode

• Reflecting on the year helps in personal growth.
• Health is a central pillar in life.
• Weight loss can be achieved through mindset changes.
• Financial challenges can impact mental health.
• Family dynamics can be complex and challenging.
• Friendships provide essential support during tough times.
• Self-love is crucial for overall happiness.
• Setting boundaries is important in parenting.
• Planning for the future can alleviate stress.
• Gratitude for small things can improve perspective.

Order my Book here

The Money Guide to Transform Your Life by Lynn Beattie - Mrs MummyPenny

Follow me on Instagram

Lynn James Beattie Mrs Mummypenny®️ (@mrsmummypennyuk) • Instagram photos and videos

Or watch the video version of the podcast here

• Setting audacious goals can be a powerful motivator.
• Understanding your 'why' is crucial for long-term commitment.
• Psychological flexibility helps in adapting to challenges.
• Injuries and setbacks are part of the journey; how you respond matters.
• Having a support network can enhance motivation and resilience.
• Breaking down big goals into manageable steps is essential.
• Nutrition plays a key role in physical performance.
• Mental preparation is as important as physical training.
• It's okay to feel overwhelmed; focus on what you can control.
• Celebrate small victories to maintain motivation.

In this episode of Mrs Mummy Penny Talks, host Mrs Mummy Penny interviews Sam Baines, a deaf actress, author, and advocate. They discuss Sam's journey with deafness, the challenges she faces in daily life, the importance of community support, and the financial implications of being deaf. Sam shares her experiences with ADHD and how it intersects with her deafness, as well as the discrimination she has faced in her career. The conversation emphasizes the need for awareness and understanding of deafness and disability in society.