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Ep 510 - Why your first £100k is the most important, Truth about Premium Bonds & Council Tax Changes
Manage episode 491427736 series 2635031
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This week Damien explains why saving your first £100,000 is the crucial milestone if you want to be wealthy. He then looks at Premium Bonds, revealing the possible returns you can expect if you have the maximum £50,000 holding. He also explains how to improve your chances of winning a £1 million prize. Finally, Andy discusses the proposed changes to how council tax payments are collected.
Check out this week's podcast article on the Money to the Masses website to see the full list of resources from this week's show
(00:00) - Money to the Masses Podcast Episode 510
(02:42) - How to Build Wealth: The Power of Compound Interest and the £100,000 Savings Milestone
(15:42) - Premium Bonds Explained: Returns, Odds, and Are They Worth It in 2025?
(27:04) - Council Tax Payment Changes in England: What Homeowners Need to Know
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Links referred to in the podcast:
- NS&I set to cut premium bond rate
- What is the Financial Services Compensation Scheme
- Council tax payments set to change
- Find your local council
- Council tax explained and what to do if you are stuggling to pay
- Subscribe to our Newsletter
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