OpenTube

No. 1 Finance Author: Do This To Become A Millionaire On A £25,000 Salary! | Andrew Craig | E129

Savvy Wallet

181,994 views

Joining us in the booth this week is Andrew Craig, who is a best-selling finance author of titles such as “How to Own The World: A Plain English Guide to Thinking Globally and Investing Wisely”, he is a financial educator of 12 years and founder of personal finance website: Plain English Finance.

In this episode we discuss
How financial literacy & investing can make society a better place
How the cost of living crisis could be solved
The difference between ‘investing’ and ‘trading’
How ‘real’ wealth is created
How anyone can become a millionaire through investing
How to own the world from an investing point of view & how to start investing today
Lessons from the best investors like Warren Buffett
Why he thinks biotech will create the next trillion dollar company and much more

Make sure to get your copy of Andrew's best-selling book "How to Own The World" here: https://amzn.to/3XSr0Gc

You can pre-order his latest highly praised book "Our Future is Biotech" here: https://amzn.to/4eScW5K

Connect with Andrew:
Website: https://plainenglishfinance.co.uk
Youtube channel: plainenglishfinance

📩 Sign up to my mailing list to be the first to know about upcoming events:
http://eepurl.com/hJEcLL

🤝 Partners

Xero - All-in-one accounting software for small businesses. Get 90% off for 6 months: https://xero.com/savvywallet

Terms & Conditions apply.

Tide
Get £50 cashback when you open a FREE business account with Tide and spend £100. Make sure to use code "SAVVYMTD" during sign-up.

If you’re self-employed, Tide can help you prepare for Making Tax Digital with simple tools to track your finances, estimate tax in real time, and keep everything organised in one place.

Sign up here: https://www.tide.co/offers/savvymtd/

Terms & Conditions apply.

Some of the links are affiliate links which means that we will receive a small commission if you make a purchase, however there will be no additional charge to you.

Listen to The Savvy Wallet Podcast on:
Apple podcasts: https://podcasts.apple.com/gb/podcast...
Spotify: https://open.spotify.com/show/140VU4f...

TIMESTAMPS
0:00 - Preview
1:02 - Intro
1:37 - Meet Best-selling Finance Author Andrew Craig
3:36 - I lived in Kenya, Argentina, Australia for a bit…!
4:10 - Got a job at Swiss bank but knew nothing about capital markets!
6:15 - I interned in Washington D.C
9:51 - If you get 1% better you’ll become a millionaire
18:17 - The biggest missing link for happiness and contempt is…
19:30 - The stock market isn’t only for the rich…!
20:52 - Number 1 investment theme in history is…!
25:28 - This is how to solve the cost of living crisis
26:26 - Start investing with £25 per month
29:24 - Financial literacy is life-changing..!
31:44 - Don’t rely on the state pension
33:27 - What is investing?
36:49 - The next trillion dollar company’s will be biotech companies
37:33 - Investing is having a financial involvement in human progress
40:15 - Why I wrote my book “How to own the world”
41:55 - Key lessons from my book!
45:17 - How to really own the world
47:30 - You can get 80/90% of the outcome you need by doing far fewer things…!
54:00 - Are there any drawbacks to investing?
57:51 - How to stay disciplined as an investor..!
1:03:31 - Should everyone invest?
1:06:52 - 70% of lottery winners go bankrupt
1:08:59 - How someone on an average UK salary can become a millionaire
1:10:25 - The stock market return is 10%, average investor is 5%
1:17:13 - Lessons from the best investors did this…!
1:20:07 - How to start investing today
1:29:16 - Investing is financial exposure into real wealth
1:31:43 - Andrew’s new book: “Our future is biotech”
1:33:33 - Final words

The information contained on this video is not intended as, and shall not be understood or construed as, financial advice. I am not a financial advisor and the information in this video is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.

20 Comments

@savvywallet Creator 2 years ago (edited) Pinned

Thanks for tuning into this week's episode, if you enjoyed the episode TAP the LIKE button and SUBSCRIBE to the channel!

P.S. You can get a copy of Andrew's best-selling book "How To Own The World" and his latest highly praised book "Our Future is Biotech with the link in the BIO

And you can get a FREE fractional share worth up to £100 with Trading 212, using the link in my Bio. Capital at risk

@Jw10395 2 years ago

22 here, currently putting £300 a month into S&P500 and looking to up slowly up it each year. Hopefully retiring early 🤞🏻

@clarenceishmael9615 1 year ago

I'm currently reading "how to own the world" for a 2nd time. Best finance book I've read to date. Super informative and instructive from a historical perspective and also bang up to date and contemporary. A must read if you want to build wealth.

@GabrielAdams_5050 1 year ago

I read How the Elite Print Their Wealth by Dominic Richard Thompson cover-to-cover on a long-haul flight. I couldn’t sleep after. The book doesn’t scream. It whispers things no one says out loud: how the tax code is a map, how debt is a tool, how income is a trap. I landed thinking about foundations, shells, and leverage in a whole new way. I wasn’t taught wrong- I was just taught to stay inside the system.

@or1057 1 year ago (edited)

This interviewer is great at his skill, the ability to prompt a response and then not interrupt the responder is brilliant. We get to actually her what he or she thinks brilliant

@johnewing2159 2 years ago

This guy is absolutely fantastic. Good to see someone who is actually intelligent and interesting rather than people who say a lot without actually saying very much

@leadacruz 2 years ago

Amazing content! As a 25 years old, I am proud to say that I started investing 3 years ago. Best decision ever. There's still a lot to learn and I am enjoying the journey. Before investing I did make a few mistakes trying to bet rich quick, but soon realise that it is not sustainable. But investing 10% of your income every month it is doable. I am grateful for having the resources to learn about investing, it changed my mindset completely. I am on a mission to build generational health just be using time as my best asset. Thank you for this episode.

@pareginaho310 2 years ago

Wow, am 48 years old and cleaner here in Uk.I leand now that i should invest some of my salary.🙏

@maryadeturinmo 2 years ago

He is so true about the point that alot of finacnial books are usually discussing the American experience. It so great to see this discussion from a UK perspective. Soo many interesting topics. The concept of learning finance being equated to the time spent getting your drivers licence. It really is a good point to raise. Thank you for the value added in sharing this content.

@Marz2695 2 years ago

I just bought Andrew's book on audible and will listen to it on my next milk round. I feel privileged that I can live with my parents and save a lot of money in my 20s and set myself up with some healthy savings

@Diogenes7777 2 years ago

I'm 28 and started investing this year. I have 3 grand worth of ETFs and shares a few months later and I work as a forklift driver (Shit pay).
Having it as a backbone to my finances has made me much calmer in my daily life. Kicking myself I didn't start at 20. I'd be balling already 😂

@employmentcoach5350 1 year ago

Bro this podcast series has blessed me so much. Financial illiteracy is the killer of dreams.

@JohnFord-c5l 1 year ago

Andy is a national treasure. He should be given an MBE and knighted...

@LemonScreech 1 month ago (edited)

That is the take away.
“To do good, first you must do well!”
Great chat.
Point of interest… I taught myself how to invest and started my personal financial education during the virus.
I tried to impress on my family how this is the “big secret”, they rejected all information like I was trying to poison them.

@sandrapartheniou5879 1 year ago

I found this extremely interesting, I started investing at the age of 35, I’m 69 now, doing ok but wish I had started at 25

@videostoviews2262 2 years ago

Great start to Monday morning! Thanks 😊

@unstoppablero6517 2 years ago

Best interview I have seen so far thanks keep posting

@tilly8627 2 years ago

Really good episode love the collaboration 👏🏾👏🏾 and no competition 👌🏾 both have so much to offer! 🔥

@Stevehug83 10 months ago

We live in a time where a young man can leave school at 18, get a job as a binman, and if he does the right things with his money for long enough, he can have hundreds of thousands of pounds by the time he's 50. Thats crazy to think about but its possible.

@shadeofheresy 1 year ago (edited)

Saw Andrew on another podcast and this is a great continuation. He is sharp, intelligent, well articulated, positive and most importantly humble. I've leanrt so much about finance over the last 10 years on U-tube and I am now in a far better position than I ever expected to be in life. In fact, I like reading. A lot. I just bought his book...oo I already have Morgan Housels book.