Should you cash in bitcoin profits or wait for the moon?
Play • 45 min
In case you hadn’t noticed, bitcoin went on bit of a tear recently. And as the price of the leading cryptocurrency soared again, so did the number of stories written about it.

Bitcoin is an interesting tale, a welcome diversion in a Covid-bound world, and the circus around cryptocurrency is the gift that keeps on giving for journalists.

But the vast majority of those column inches focus on two things: bitcoin’s price and should you invest?

A question that’s not so much asked is what should you do if you’ve reaped handsome profits on bitcoin or another cryptocurrency? 

Should you cash in those gains or – to combine a couple of crypto phrases - hodl on the basis that it really could go to the moon? 

(Where that moon is and when it’s been reached is as yet undefined.)

On this week’s podcast, we dive into the story of a This is Money reader and listener who told us about what it’s really been like to hold bitcoin long-term and how although he’s not quite got Lamborghini money, he did buy a Skoda and pay off some of his mortgage.

Georgie Frost, Lee Boyce and Simon Lambert also look at the rival cryptocurrencies to bitcoin and Argo Blockchain, the small UK listed company that’s come from nowhere to place among investors top recent share buys.

On a more pedestrian note, the team also discuss inflation-beating savings accounts and where they can be found – spoiler alert, don’t get too excited – and property guardians: would you live in an empty building for cheap rent?

And finally, there are some new concocted financial terms doing the rounds – how many can Simon and Lee guess correctly?

The Property Podcast
The Property Podcast
Rob Bence and Rob Dix from The Property Hub
ASK273: Should I take equity out of my home? PLUS: Can I buy now and remortgage later?
It’s Tuesday and that means Rob & Rob are back to answer two more listener questions. The first question this week comes from Florence. She’s thinking of remortgaging her property as she has around £190,000 of equity tied up.  However, she doesn’t know if she should pay the penalty to get out of her mortgage now, which will be around £1,040, or wait two years when her fixed mortgage rate is finished. She doesn’t yet know which route she should choose, but if she was to release the equity, she wants to try and beat the stamp duty fees coming back into play.  Next we’ve got Martin calling from Hong Kong.  Since he’s been listening to the podcast he’s purchased one small property in the UK with cash. He’s wanting to buy more properties in the UK and with being based abroad (and the current coronavirus situation), buying in cash seems to be easier than buying with a mortgage.  After listening to the podcast and Rob & Rob’s views on leverage, he wants to know if he bought a property with cash, could he then take out a mortgage on it in a year or two?  Is this a possible idea and is it beneficial? Tune in to find out.   Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).  Or if you prefer, click here to leave a recording via your computer instead. The next question on Ask Rob & Rob could be yours.  Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself. See omnystudio.com/listener for privacy information.
9 min
Money Clinic with Claer Barrett
Money Clinic with Claer Barrett
Financial Times
Financial tips for the self-employed
Have you ever dreamt of starting your own business? It might sound more fulfilling — but being an employee has some perks you might miss. 33-year old Rhiannon set up her first business three years ago, offering virtual PA services.  Even though she’s making a profit, Rhiannon is struggling to find a mortgage lender who will help her buy a property. Plus, she’s unsure about whether to leave her savings in cash — or risk tying them up inside a pension. Expert help is on hand from Holly Mackay, founder of Boring Money and mortgage broker Will Rhind from Habito. If you would like to talk to Claer for a future podcast episode, email the Money Clinic team money@ft.com with a brief description of your story. Follow Claer on Twitter and Instagram @Claerb and read her weekly Serious Money column. Further reading: -Writing a will is one thing that’s been on Rhiannon’s financial to-do list for a while. Listen to this Money Clinic to find out how to set one up online. -The pandemic has been tough on the self-employed. This Money Clinic with jewellery designer Roseanna Croft has expert tips to turn around a small business -Pensions have long been an issue for the self-employed. This free-to-read FT column has practical tips: Self-employed women - how good is your pension?  -This free-to-read FT piece reviews the apps that can help the self-employed manage their finances -And this Money Clinic from the New Year has the lowdown on wills   See acast.com/privacy for privacy and opt-out information.
20 min
Property Magic Podcast
Property Magic Podcast
Simon Zutshi
What Makes A Great Property Deal?
This week, Simon talks you through the six key signposts you need to watch for in order to recognise a good deal in property. KEY TAKEAWAYS Look for properties with instant equity. If you can find a motivated seller and gain yourself some instant equity, you're already in profit. Make sure you only buy properties in areas where there is strong rental demand. You want to be able to rent it our quickly in order to minimise void periods. Look for properties in which you can add value. If you can't add value yourself, then you're relying on the market to add value. Endeavour to make the best return upon your investment that you can. This is calculated by looking at the annual profit divided by the initial investment required. BEST MOMENTS 'A lot of people out there don't really know what makes a great deal' 'If you can buy at a discount, it means you have equity on day one!' 'It's not about getting a discount on the asking price - it's about getting a discount on the value of the property' 'There must be profit left over after the end of every month' VALUABLE RESOURCES If you would like to learn more about finding great deals in your area you can register for free online training here: www.dealfindertraining.co.uk Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20). iphone:  http://bit.ly/pinAPP1 Android https://bit.ly/pinAPP2 Register at Mindset For Property at - www.mindsetforproperty.co.uk  ABOUT THE HOST Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32. Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk.    pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors. Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth. Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book. Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals. CONTACT METHOD Contact and follow Simon here: Facebook: http://www.facebook.com/OfficialSimonZutshi  LinkedIn: https://www.linkedin.com/in/simonzutshi/ YouTube: https://www.youtube.com/SimonZutshiOfficial Twitter: https://twitter.com/simonzutshi Instagram: https://www.instagram.com/simonzutshi/ See omnystudio.com/listener for privacy information.
12 min
The Progressive Property Podcast
The Progressive Property Podcast
Kevin McDonnell
Ask Me Anything: How to Raise Money, LTD vs Personal & Clubhouse
In today’s episode, Kevin gives an update on what he’s been up to recently, current opportunities and hosts a question and answer session to help members of the community with any of their property challenges. He advises listeners on various ways of raising money for their property investing with in depth details of the different options, strategies to use during Covid-19 and tips on rent to own, rent to rent and how to start building a ‘power team’. KEY TAKEAWAYS A lot of people are saying that property in London could now be dropping in price, this hasn’t been the case for many years. Consider doing the opposite of what the masses are doing and perhaps think of investing in this location.   In terms of raising money for property investments, there are various ways of doing this and there’s never been a better time with interest rates being so low. Reach out to people, let them know you’re in the property business. Joint ventures, banks, private finance and bridging loans are all ways of raising money. Bridging is the most expensive way of raising funds, more suitable for commercial properties and HMO’s and private funding is probably the best way as there are no upfront costs.   There is a huge demand for rent to own currently and there are big benefits to this. As a landlord you have no maintenance, no management costs and you’re helping someone become a home owner. It can work in any part of the country and is the most hands free strategy, which can be done remotely.     Don’t state the rent and terms for a rent to own when advertising. Try and be deliberately vague. A lot of potential applicants will just read the ‘rent’ part of an advert or won’t be eligible, for example if they can’t afford it or are on universal credit, but this is still a great way of building up your tenant database.   Covid shouldn’t be a reason to alter your plans and strategies. The world and business is still moving forward. There is still a housing shortage and people still need homes. One thing you can alter slightly is changing from guaranteed rent to offering landlords profit share agreements. It’s risky offering guaranteed rent without knowing when the pandemic will end and when furlough will end. Remember to market in the right places and in multiple places.   Depending on your personal circumstances, you’re probably better putting everything into a limited company rather than paying personal tax. You’ll have limited liability and it’s a better strategy long term as you can pass shares on, sell shares etc.  However, the best advice is to get yourself a property tax accountant.   If you’re trying to build a ‘Power Team’ let people know where you’re based and what you’re looking for and start to build your team around that area. Remember to use your name, property is a people business.   If you’re a young person trying to get into property with no funds or income, try to get a job working for somebody who is already in the property business. Don’t do the obvious thing and get a job in a letting or estate agent, most don’t buy property and they won’t teach you how to become an investor.   BEST MOMENTS ‘If the taxi driver in New York says to you ‘which stocks to buy’ then you need to get out of that stock immediately because if the man on the street knows what stock to buy, you’re too late to the show’ ‘Observe the masses, do the opposite’ ‘Property is a people business’ ‘You’re not going to learn about property working in an Estate Agent’   SUBSCRIBE TO THE A NEW INVESTMENT SERIES Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic Cars Watch Live On The Progressive Property YouTube Channel Every Monday At 7 PM Tiny.cc/PPTV Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes   ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/     See omnystudio.com/listener for privacy information.
31 min
Any Other Business
Any Other Business
Rob Bence and Rob Dix from Property Hub
Getting the hiring process right for your business
Reaching the point where you need to expand your team is a really exciting time. And whether it’s your first hire or you’re expanding an existing team, a new employee can really transform your business… but not always in a good way. So how do you make sure they’re the right fit? Well, Rob & Rob have made a few disastrous hires and they’re here to share the important lessons they learned along the way and give you the shortcut to those great hires. Behind any great business is a great team, so if you want to skip past those hiring mistakes, this episode is the one for you. In this episode, you’ll find out: The consequences of bad hires. Rob & Rob’s killer interview questions. The hiring process behind the incredible Property Hub team. Why your team is more important than your customers. Important clues to keep an eye out for. The important questions you need to be asking. And if you’re looking for the book link Rob & Rob mention in this episode, you’ll find it here: https://www.amazon.co.uk/Who-Geoff-Smart/dp/0345504194 Tune in now! Make sure you’ve liked and subscribed to our YouTube channel - and don’t forget to hit the notification bell to be the first to find out when new episodes drop.  You can also find out more about us here and here. And if you’d like to follow the journey of our businesses, you can do that here: Instagram: http://instagram.com/propertyhubuk  Twitter: https://twitter.com/propertyhubuk  Facebook: https://www.facebook.com/propertyhubuk/  Linkedin: https://www.linkedin.com/company/propertyhubuk  See omnystudio.com/listener for privacy information.
53 min
The Money Podcast
The Money Podcast
Rob Moore
How to Build an Online, Global Business with low/no Money
Discover today how you can build and scale an online business to reach people around the world, with no overhead. In today’s podcast Rob discusses how information, education and mentoring are all businesses that can be scaled globally, how to leverage social media platforms to make sure your product or service can reach the masses and how passion is the key to a successful business.   KEY TAKEAWAYS When people get into property they make the mistake of not being local. If you tried to build or buy properties in another country, you may face some issues as you do not know the rules and regulations. It is also likely that you will not be there and you will not have a team of people there willing to help you.   Local property ventures are not scalable globally. Information, education, mentoring and training are all ways to scale your businesses globally. Another way you can scale your business globally is by leveraging the internet. There are many different social media platforms that you can leverage to expand your business to reach the masses. These techniques also mean very low overheads and no fixed costs.   We have to be careful to not take our failures personally. You have to understand that you may have failed this time, but you are not a failure. Failure is comparison and comparison is the thief of all joy. Just know that you have got a good mission, know that you are doing good work and know that you are equally helping others as well as yourself and you will have nothing to fear.   You may come across some internet trolls the larger your business becomes. The best thing to do is to ignore it, if something isn't in your awareness it cannot phase you. Critique is the price you pay for putting yourself out there. Nothing comes without a cost, if the cost is upfront the reward is at the end.   If you are going to create a business do so in an area or niche that you are passionate about. If you love what you do you have great expertise. You do not have to have been in that niche for years and years, your passion, energy and enthusiasm will draw people in. Have the humility to know that you are not the best in the world, but you want to improve on your knowledge and people will love it.   Too many people focus on the product and making sure it is perfect. The single most important function of any business is marketing. You have got to be as good as marketing as you are at product development and sales.   BEST MOMENTS “I make sure I get to the end of everyday and think ‘was I valuable?’ ‘Did I help people?’”   “Right now people are craving good quality information. People will pay a premium for that.”   “As long as I know that I am doing good work, that I am helping people along the way, then I know that I am able to accept the critics, the trolls and the haters along the way.”   “Sales is about getting people to buy what is in your shop. Marketing is about getting people in the shop in the first place.”   VALUABLE RESOURCES https://podcasts.apple.com/gb/podcast/round-pegs-square-holes-podcast/id1513094327 ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller "Life Leverage" Host of UK's No.1 business podcast "The Disruptive Entrepreneur." "If you don't risk anything, you risk everything." CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979     See omnystudio.com/listener for privacy information.
57 min
Cash Chats Money & Personal Finance podcast
Cash Chats Money & Personal Finance podcast
Andy Webb
#171 Ask Andy (answering listener questions)
This week I'm sharing with you all a chat I had with one of you. Listener Eli won a competition at the start of 2021 to have an hour-long video chat with me about his finances. Here are the highlights as I help him with questions about credit cards vs savings, switching prepayment energy and how much to save for tax when you're self-employed. Plus, my answer to Eli's question about the number one things he should do to improve his finances! VOTE FOR "Be Clever With Your Cash" in the British Bank Awards https://smp.reviews/bba2021influencer ABOUT CASH CHATS Cash Chats is presented by money blogger and broadcaster Andy Webb. In 2020 the podcast was featured as one of the top finance podcasts by publications including Apple, Good Housekeeping, The Sun and the Independent. In 2019 it was awarded Best Money Podcast at the SHOMOS - the UK Money Bloggers community annual awards. On each Cash Chats episode you can hear Andy share ways to get the most from your money. He's often joined for friendly and accessible conversations by a friend from the UK Money Blogger community to cover topics as diverse as freebies and investments. Andy also runs the award-winning website Be Clever With Your Cash, presented Channel 5’s Shop Smart Save Money and founded the community ukmoneybloggers.com. To contact Andy email Andy@Becleverwithyourcash.com ANDY ON SOCIAL Andy's handle is @AndyCleverCash and you can follow him over at: twitter.com/AndyCleverCash instagram.com/andyclevercash GET ANDY'S WEEKLY NEWSLETTER You'll also get a free Quidco bonus for signing up https://becleverwithyourcash.com/newsletter/ MUSIC The music is Easter Island by Lonely Punk and provided on a creative commons licence
28 min
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