#45 - How To Build Wealth: Lessons They Should Teach in School - Andrew Craig, Founder of Plain English Finance

Show Notes

It wasn’t until I started working in the financial industry that I understood how essential investing was for building long-term wealth.

This week, I’m joined by Andrew Craig, founder of Plain English Finance and author of the must-read personal finance book How To Own The World.

In this episode, Andrew and I dive into how investing can serve as a powerful tool for wealth creation. We explore what it really means to invest in shares, the importance of starting early, why relying on the state for a retirement pension is risky, how inflation erodes your cash savings, and so much more.

Expect to learn:

03:19 The Importance of Financial Literacy

08:19 The State of Pensions and Future Challenges

11:47 The Power of Compounding and Early Investment

14:41 Government Policies and Economic Implications

26:38 Understanding Inflation and Investment Strategies

31:37 What It Means to Invest in Shares

37:09 The Misconceptions About Financial Markets

45:49 The Importance of Regular Investment

57:52 Future Trends

01:10:23 Comparing US and UK Economies

01:11:15 The US Advantage in Technology and Innovation