Making the Money Work: Kiko Matthews on how you fund rowing the Atlantic

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 7 January 2020

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This bonus podcast episode is from This is Money's new special series Making the Money Work, in partnership with the Financial Services Compensation Scheme. Andi Peters and Simon Lambert talk to record-breaking Atlantic solo rower Kiko Matthews.

How do you fund a life less ordinary?

For most of us financial life means paydays, bills, mortgages and attempts to save or invest, but for others it is very different.

If you decide to row the Atlantic, are an Olympic boxer, or have made a career out of having adventures or doing comedy, what on earth do you do with your finances?

In our new special podcast series Making the Money Work, in partnership with the Financial Services Compensation Scheme, we talk earnings, budgeting and savings with those whose lives and finances roam far from the norm.

The five podcasts are hosted by Andi Peters, alongside This is Money’s Simon Lambert, and every fortnight over the next ten weeks you can listen to a new interview with a different special guest about their financial lives.

This is Money’s Podcast will continue to appear each Friday as usual, and the Making the Money Work podcasts will be published fortnightly as a bonus episode in the feed.

The first episode features Kiko Matthews, who on 22 March 2018, became the fastest woman to row the Atlantic, solo and unsupported, over 49 days, 7 hours and 15 minutes.

Through sponsorship of her world record attempt she raised more than £105,000 for King's College Hospital by the end of that year.

But that isn’t even half the story, because in 2009 Kiko had been diagnosed with Cushings Disease, a rare and life-threatening condition, which causes tumours on the pituitary gland that controls the body’s hormones.

That life-changing discovery led her to quit her job as a science teacher, qualify as a paddle-boarding instructor and set up her own business, before deciding to row the Atlantic, despite not being a rower.

Midway through her training in 2017, her Cushings Disease returned and although she had to undergo neurosurgery, Kiko pushed on with her Atlantic rowing attempt.

Since then, Kiko has focussed on environmental campaigning and recently cycled round the coasts of Britain and Ireland completing beach cleans.

On this podcast, Kiko tells us her fascinating story, discusses her finances - and reveals just how you go about funding rowing the Atlantic.

Transcript

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0:00.0	Hello, I'm Simon Lambert, the editor of This Is Money, and this podcast is the first episode in the Making the Money work series, sponsored by FSCS.
0:07.9	On these shows, I join host Andy Peters and a fascinating range of guests with unconventional lives and finances to find out how they make their money work.
0:16.6	The five episodes will be arriving in your usual This Is Money podcast feed over the coming weeks.
0:21.2	We hope you enjoy listening to them and learning about some lives less ordinary.
0:25.0	This week, we speak to Kiko Matthews, who rode across the Atlantic.
0:29.6	This podcast is brought to you in association with the financial services compensation scheme.
0:35.0	Check your financial products are FSCS protected. Visit fscs.org.uk
0:39.9	forward slash this is money to find out more.
0:43.6	Hello and welcome to making the money work. I'm Andy Peters, your host for this series of podcasts
0:48.9	where we'll be delving into the exciting worlds of well-loved British heroes as one sitting
0:53.4	right opposite me right now. Those are the people who have chosen to shrug off the exciting worlds of well-loved British heroes as one sitting right opposite me right now.
0:55.6	Those are the people who have chosen to shrug off the shackles of the nine to five and pursue their
0:59.5	dreams and make a real cultural impact. That is you, isn't it? It is me. You are one of those people.
1:04.1	Oh, apparently so. Well, because you're here with me, so you must be. Right, let's be honest. Deep down, we all want to lead a life less ordinary. And there's one thing that always stops us. Money. Somebody knows a lot about money. Is the man on my left? Simon, you are our financial expert with an expertise in finances. Is that correct? Andy, hello. That is correct. You are the right person for the job. I am. I am the editor of the This Is Money website. I've
1:28.0	been working there for 13, 14 years now. Why is it important to make sure your financial products
1:33.9	are protected by the FSCS? You know about that sort of thing, Simon. Who exactly are the FSCS?
1:39.8	The FSCS is the financial services compensation scheme. And that is the organisation that protects you for the money you've got in the bank. We think we're a bank can't go bus. Yeah. I mean, but then if you only think back 10 years ago, we were in the strange position where we were seeing stories every day about, is this bank going to go bust? Is that bank going to go bust during the financial crisis and that's when
2:01.1	it started to become a really big point of awareness for people to know that their savings were
2:06.7	protected because I think many people up until then just thought well my bank will never go bust it's a bank
2:11.5	they're safe right of course and it's quite funny because I'd never heard of them really but when
2:15.9	I saw the logo I suddenly thought oh I see that logo on all sorts of things.
2:19.9	So they're the good guys, really.
	...

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