MMP112: Investment Masterclass 4: Understanding Costs
The Meaningful Money Personal Finance Podcast
Pete Matthew
4.9 • 1.7K Ratings
🗓️ 3 June 2015
⏱️ 33 minutes
🧾️ Download transcript
Summary
Continuing our investment masterclass, this week we’re talking about understanding costs. Every pound spent in costs as you go along your investing journey, is a pound which isn’t compounding for your benefit. So we need to know what costs you’re likely to incur, and then what you can do to keep them to a minimum. Stay tuned…
Transcript
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| 0:00.0 | Hi folks and welcome to the Meaningful Money podcast session number 112. |
| 0:05.2 | For what we want most, there is a cost must be paid in the end. |
| 0:17.3 | This is the podcast dedicated to helping you put your finances in order. |
| 0:26.9 | My name is Pete Matthew and I'm going to share with you everything you need to know and everything you need to do to secure your financial future. |
| 0:33.6 | I'm here to help you make sense of money. |
| 0:43.6 | Thank you. I'm here to help you make sense of money. Hey, |
| 0:44.2 | welcome back, folks, number 112, |
| 0:47.0 | and we're going to continue and conclude our investment master class this week. |
| 0:53.4 | And specifically this week, we're going to be talking about |
| 0:54.8 | understanding costs. Really important because every pound spent in costs as you go along |
| 1:00.2 | your investing journey, that's a pound which isn't compounding for your benefit, right? You're |
| 1:05.2 | paying somebody else, not yourself. So we need to know what costs you're likely to incur |
| 1:10.0 | and then look at what you can do |
| 1:11.4 | to try and keep them to a minimum, right? So stay tuned for that. Don't forget, meaningful university |
| 1:16.9 | is now open for enrollment. There's just one course on there at the moment, which is called Learn |
| 1:21.3 | How to Budget. More courses are going to follow and do course, but learn how to budget will |
| 1:25.6 | give you everything you need to know and everything you need to do to set and stick to a monthly budget. Talk about a core skill. If you're not |
| 1:32.7 | spending, you know, less than you earn, the fact is you're never going to be wealthy, short of a |
| 1:37.4 | lottery win, right? So as long as you're saving a little bit each month, you're guaranteed to be |
| 1:43.9 | financially secure at some |
| 1:45.0 | point. So the course will give you everything you need to know how to do that. So go to |
| 1:48.7 | meaningfuluniversity.com, meaningfuluniversity.com and check it out from there. Click courses at the top |
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