Ep 456 - Record gold prices explained, teaching the next generation and taxable benefits

In this week's episode I explain the possible reasons behind the significant increase in the price of gold in recent months. I also reveal how a conversation with my daughter led to me explaining how compound interest works and her excitement at discovering how saving small regular amounts from a young age can lead to significant wealth over time. Finally, Andy explains how taxable benefits work and the importance of checking your tax code.

 

Check out this week's podcast article on the MTTM website to see the full list of resources from this week's show.

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Resources:

Links referred to in the podcast:

• MTTM Podcast 120 - Investing in gold
• MTTM Podcast 144 - The truth about gold
• MTTM Podcast 317 - Bitcoin vs Gold
• MTTM Podcast 416 - Investing in gold & its outlook
• The Money to the Masses Investment Calculator
• How to become a millionnaire
• Check your tax code for this tax year
• Check your tax code for previous tax years
• Contact HMRC if you have a tax query
• Sign up for the Money to the Masses newsletter
• Join the MTTM Community group