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Currently Playing: We Had £40,000 of Debt and Nobody Knew

Megan was in her early 30s when she and her partner faced nearly £40,000 of debt after years of overdrafts, credit cards and spiralling finances. She documented their journey out of debt (@that_girl_in_debt), and they’re now taking their first steps into investing and saving £40,000. Do you have your own story about money, investing, or financial mistakes? We’d love to hear it: ⁠https://makingmoney.email/listener-story-form 🤝 Want 1:1 financial help from us? Answer a few questions to find the right service & book free call: https://getmost.typeform.com/pod-episodes 🎉 Sponsors Vanta - Get your company secure and compliant: ⁠https://vanta.com/makingmoney Xero accountancy software - get 90% off for 6 months: https://referrals.xero.com/makingmoney - If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00 - Student Debt Felt Normal 04:55 - A £10k Loan In 60s 11:56 - Vanta Ad 13:05 - Living ‘Rich’ On Borrowed Money 18:43 - The Credit Card Trap 21:41 - Putting Nappies On Credit Cards 26:50 - My Card Got Declined 28:56 - Xero ad 30:09 - £40K of Debt 33:18 -The Spreadsheet That Changed Everything 36:10 - The Side Hustles That Saved Us 39:27 - From In Debt, To Investing 45:06 - The Footballer Who Got Into Debt 50:49 - My Parents Didn’t Know 58:16 - I Still Feel Bad For Spending


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