How do younger generations deal with the financial challenges they’ve been dealt? And is it really harder than it was for their parents? Iona Bain is a writer, speaker, broadcaster and author of ‘Own It: How our generation can invest our way to a better future’. You can get Iona’s book here: https://amzn.to/4d0b0qW 🤝 Improve your finances with our adviser service - book free consultation: https://makingmoney.email/financial-advisors-video If you purchase a product or service using one of these links, we will receive a small commission from the seller. 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. 🎉 Sponsors: Hostinger (build your website) - and use the code MakingMoney to get 10% off: https://www.hostinger.com/makingmoney 🏥 What's your financial health? Take our quiz: https://makingmoneypod.scoreapp.com/ ✉️ Newsletter: If you want a summary from this episode in an easy format, please subscribe to our newsletter: https://makingmoney.email/S3E8 Disclaimer: 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. Chapters: 00:00-00:28 - Intro 00:28-06:52 - Why are we talking more about money 06:52-13:53 - Financial challenges facing younger generations 13:53-14:49 - Hostinger ad 14:49-20:38 - Wealth and inheritance 20:38-23:33 - Why the tax system should be simplified 23:33-29:50 - The digitisation of money 29:50-34:46 - Is YouTube good or bad for financial information? 34:46-37:47 - Should we listen to rules of thumb? 37:47-44:49 - Are younger generations actually worse off? 44:49-51:24 - Compromise and financial milestones 52:24-01:01:54 - Own your success