#52 - How to KEEP More of Your Money - Smart Financial Moves for Millennials with Lawrence Bearman
Are you earning more but still feeling like you don't have any extra income in your bank account each month? We often assume that a bigger pay check guarantees financial security, but without the right strategy, lifestyle inflation, tax inefficiencies, and poor financial planning can quietly erode wealth.
This week, I'm joined by Lawrence Bearman, a financial advisor specialising in helping high-income Millennials keep more of their hard earned cash. We discuss how to manage wealth, optimise tax efficiency, and avoid the common money pitfalls high earners face.
Expect to learn:
02:03 Lifestyle Inflation: The Hidden Trap
03:15 Understanding Expenditure
04:42 The DIY Investor Dilemma
06:14 The Value of Financial Advice
13:29 Common Financial Challenges for High Earners
15:51 Tax Efficiency Strategies
18:57 Property Investment vs. Renting
23:05 The Emotional Side of Financial Planning
30:16 Finding Financial Balance
31:35 Avoiding Lifestyle Creep
33:39 End of Tax Year Planning
34:44 Understanding Pensions
39:41 Lawrence's Best Investment
45:26 Social Media for Financial Advice
49:59 The Role of AI in Financial Planning
55:04 Summary of Financial Tips
Discover Lawrence
LinkedIn - https://uk.linkedin.com/in/lawrence-bearman
Get In Touch
LinkedIn - www.linkedin.com/in/jay-lawrence-5a4b3357/
Website - ambitiousmindspodcast.com
Instagram - www.instagram.com/ambitiousmindspodcast
NOTE: The information provided in this podcast is for educational and informational purposes only and should not be considered financial, investment, or tax advice. Any opinions expressed are those of the guest and host and do not constitute recommendations for specific financial decisions.
You should always consult a qualified financial advisor before making any investment, tax, or financial planning decisions. Investments can rise and fall in value, and past performance is not indicative of future results.
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