Ep 539 - Junior ISA myth exposed & a mortgage overpayment 'trick'
The Money To The Masses Podcast
Damien Fahy
4.8 • 589 Ratings
🗓️ 1 March 2026
⏱️ 24 minutes
🧾️ Download transcript
Summary
In this week’s episode, Damien and Andy discuss new research that challenges the common fear that children will empty their Junior ISA savings the moment they turn 18. They also revisit the "Make your child a millionaire" strategy, explaining how parents can use compounding and annual contribution increases to set their children up for life, and why age 16 is a vital time to involve children in managing their own accounts.
Finally, Damien discusses a "trick" for overpaying your mortgage without needing to find extra money in your monthly budget.
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Transcript
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| 0:00.0 | Before we start, this episode is brought to you by Wealthify, who are backed and owned by Aviva. |
| 0:05.4 | Wealthify's experts make it simple for you to invest with confidence, which is why over 130,000 people trust them to manage their investments for the long term. |
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| 1:03.0 | Walthify is authorised and regulated by the Financial Conduct Authority. |
| 1:07.4 | Hello and welcome to episode 539 of the Money to the Massis podcast with your resident expert, |
| 1:12.9 | as always Damien Faye and meet Andy Licks, Damien. Welcome back. How are you doing? |
| 1:16.4 | I'm in a positive mood this week, Andy. I mean, part of that is probably like most people in the UK. |
| 1:22.3 | We've seen the sunshine for the first time it feels like in 2026 so that always makes everybody's mood |
| 1:28.6 | that little bit more positive but also it's nice to see the comments on our spotify still flowing in |
| 1:34.7 | so each week when we do the podcast we say to you go over to spotify leave some comments there |
| 1:40.1 | whether it's about feedback on the episode questions or you just want to say hello or leave an emoji. |
| 1:46.2 | It really helps this show in terms of the algorithm, but also to build that sense of communities. |
| 1:51.1 | And it was interesting to see some of the comments around our last episode in terms of the stealth wealth destroyers. |
| 1:57.5 | There were some good ideas around that and some people who didn't agree with one |
... |
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