Thomas (@thebankengine) joined me on this episode to talk about how he makes extra income each month - specifically a whopping £1,912 across April and May 2024.

Not just in the last two months though, Tom the bank (or tank 🚂) engine has been making thousands of additional pounds across the last few years.

This is all through extra income streams/extra side hustles that he has, some completely passive income streams and some more active income streams.

Tom has 11 extra income streams in total, and the great thing is that these are all real income streams. No income stream 'ideas' or 'hacks', real side hustle income streams that make him money.

People always ask about how to make some extra money or for side hustle ideas to make money - so hopefully this episode will help!

These 11 extra income streams include: 1) Cashback & points - e.g EverUp, Jam Doughnut. 2) Cashback sign up offers. 3) Bank switching. 4) Market research - e.g Take Part In Research, Askable. 5) Mystery shopping - e.g Roamler. 6) Surveys. 7) Matched betting. 8) Affiliate sign up offers. 9) Lifetime ISA interest + bank interest on savings. 10) Dividends. 11) Side business.

In the podcast episode we go through this full list, discussing each option, the pros and cons, drawing on our own experiences, potential costs or risks involved, specific examples, and a lot more.

Listen to the full episode for all the details!

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📈 How to start investing workshop - https://payhip.com/b/1fic

📰 Newsletter - ⁠https://bit.ly/3roNpIB⁠

🎥 Youtube - https://www.youtube.com/c/MakingMoneySimple/

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This is exactly how I invested £6,505 so far in 2024.

In this podcast I run through the exact investing platforms I use, the exact investment accounts I use and the exact investments I've been making. Like always, zero gatekeeping!

As you will see, and if you don't already know, my approach is unbelievably simple. Primarily, this is automatic contributions into global funds every single month.

Investing doesn't need to be complicated and I keep my own approach as simple, passive and hands-off as possible.

Listen to the full episode for all the details!

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📖 Stop Waiting, Start Investing Ebook - https://payhip.com/b/Q40kP

💻 Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

📊 Income, Expenses, Saving & Investing Tracker - ⁠⁠https://payhip.com/b/SIaGz ⁠⁠

📈 How to start investing workshop - https://payhip.com/b/1fic

📰 Newsletter - https://bit.ly/3roNpIB

🎥 Youtube - https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram - https://www.instagram.com/makingmoneysimple/

🐦 Twitter - https://twitter.com/makingmsimple

Jasper (@jasperinvests) joined me on this episode to talk about FX rates and how they impact us as UK investors. A very important topic that most aren't aware of.

First, we discussed the S&P 500 returns for US investors compared to UK investors. Surprisingly, and we dug into the historical data, the returns can vary massively in any individual year.

There can be huge swings and differences in returns that US and UK investors receive in any given year, all because of FX.

However, over the long term, FX rates generally tend to be stable between the major currencies. Although, and as expected, in the short term this isn't always the case.

We spoke through two ways to mitigate this FX risk and whether it's worth to mitigate this risk at all.

Finally, we touched on global index funds and the impact of FX.

Listen to the full episode for all the details!

Timestamps

0:00 - Intro

1:02 - S&P Return UK vs US Investors

5:25 - Two Ways To Mitigate Risk

9:42 - Historical Returns UK vs US Investors

14:02 - Long Term Impact

16:17 - Do We Hedge FX Risk?

19:58 - Benefits of Index Funds

21:00 - Summary

25:09 - Outro

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📖 Stop Waiting, Start Investing Ebook - https://payhip.com/b/Q40kP

💻 Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

📊 Income, Expenses, Saving & Investing Tracker - ⁠https://payhip.com/b/SIaGz ⁠

📈 How to start investing workshop - https://payhip.com/b/1fic

🎥 Youtube - https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram - https://www.instagram.com/makingmoneysimple/

🐦 Twitter - https://twitter.com/makingmsimple