Alasdair Walker is a financial planner but he’s also one of the people behind the popular UK Personal Finance flowchart and former moderator of the Reddit community. So he's helped millions of people make better money decisions. Check out our AI financial planning tool: https://makingmoney.email/AI 🤝 Want 1:1 financial help from us? Answer a few questions to find the right service & book free call: https://getmost.typeform.com/pod-episodes 🎉 Sponsors Hiscox - Protect your business: https://makingmoney.email/hiscox Vanta - Get your company secure and compliant: ⁠https://vanta.com/makingmoney - If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. ----------------------------------------------- UK Personal Finance Flowchart: https://ukpersonal.finance/flowchart/ Chapters: 00:00 - How Reddit Changed Personal Finance 06:16 - The 8 Stages To Sort Out Your Finances 09:00 - How Big Should Your Emergency Fund Be? 13:05 - Hiscox Ad 14:35 - Where People Go Wrong 22:11 - What GameStop Taught Us About Investing 26:50 - Are We Better With Money Now? 30:03 - Vanta Ad 31:32 - The Problem With The New Pension Tax 34:28 - Why Index Funds Beat Active 42:59 - What If Everyone Invested Passively? 46:57 - Are We Too Obsessed With Saving? 49:44 - The One Rule Everyone Should Follow