Investing is a key wealth building tool so we're sitting down with Kalpana Fitzpatrick, Senior Digital Editor of MoneyWeek and the author of Invest Now, to learn how to get started. 🤝 Want 1:1 money help from us? Answer a few questions to find the right service & book a free call: https://getmost.typeform.com/pod-episodes 📈 Investment platforms we use: Trading 212 Watch this video where Damo explains how to get the most from Trading 212: https://youtu.be/BVVZhrM0LVQ You can get free fractional shares worth up to £100 when you deposit £1 through this link (terms apply): https://www.trading212.com/promocodes/MM Or use the code ‘MM’. Vanguard Minimum investment of £500 or £100/month https://www.vanguardinvestor.co.uk/ 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: Get 45% off Blinkist after a 7-day free trial. https://blinkist.com/makingmoney ✉️ Newsletter: If you want a summary from this episode in an easy format, please subscribe to our newsletter: https://makingmoney.email/ep3. 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 - Intro 00:54 - Investing myths 04:43 - Why cash is making you poor 09:36 - You do not need to be an expert to invest 14:17 - Blinkist Ad 15:27 - How to start investing 24:00 - Don’t forget your emergency fun 28:48 - Reduce your risk by diversifying 36:15 - How to talk to your kids about money 41:38 - Listener Qs - How to retire early 51:30 - Key steps