Moneytrainers - UK Money, Mindset and Microbusiness copertina

Moneytrainers - UK Money, Mindset and Microbusiness

Moneytrainers - UK Money, Mindset and Microbusiness

Di: Richard Smith
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I’ve been broke and I’ve built it back, and this podcast shows you how to do the same without hype or nonsense. We talk about how money really works, how mindset shapes every result, and how micro businesses grow from small, smart moves. This is for people who want control, who want their money to work harder, and who are building something of their own. Short episodes, clear ideas, and actions you can use today. Money, mindset, and micro business. This is Money Trainers.Richard Smith - Moneytrainers 1998 - 2026 Economia Gestione e leadership Leadership Successo personale Sviluppo personale
Episodi
  • Planning for Ageing Parents: The Crisis Before the Crisis – Podcast

    Planning for Ageing Parents: The Crisis Before the Crisis – Podcast
    Oct 19 2026
    Planning for Ageing Parents: The Crisis Before the Crisis Where is Mum’s will? Who knows about Dad’s bank accounts? And who could make decisions if either of them became seriously unwell? These questions are easy to put off. While everyone is managing, there always seems to be something more pressing. Then something changes. A parent has a fall, becomes confused or struggles to cope at home. Suddenly, the family needs answers while also dealing with worry, work and everyday responsibilities. In this episode of the MoneyTrainers podcast, Richard Smith talks with Reverend Karen Acres about The Last Ten Years, his project to help people prepare for later life. Richard calls it “the crisis before the crisis”: the point when families need to get organised, before an urgent situation makes everything harder. What is The Last Ten Years? The Last Ten Years grew out of Richard’s earlier Dying to Know events and his experience helping people navigate financial and family decisions. The name does not mean anyone can predict how long they have left. It gives people a starting point for thinking about the years ahead. What would help you live well? What support might you need? What would your family need to know if you could no longer manage everything yourself? In the episode, Richard describes a project built around practical information, workshops and individual conversations. The subjects range from care arrangements and important documents to powers of attorney, funeral wishes and what happens after someone dies. It is relevant both to older people making their own plans and to adult children supporting ageing parents. Why planning for ageing parents affects the whole family Richard describes a situation many listeners will recognise. You are in your 50s or 60s, working or running a business. You may still have children at school or university. Your parents have been independent for years, but now they need more help. At first, it might be shopping, appointments or sorting out a bill. Over time, those requests can become more frequent and more complicated. The family is then trying to understand care services, finances and legal arrangements while keeping everything else going. Richard’s point is that planning needs to cover this period of increasing dependence as well as what happens after death. Who could help with the money? What support would a parent accept at home? Have they expressed any wishes about future care? Those conversations can begin while there is time to consider the answers. Start with a family paperwork rehearsal One of Richard’s practical suggestions is to rehearse what would happen if someone became seriously ill or died. That means sitting down together and asking where things are and who would know what to do. A useful starting list includes: Wills and the contact details of executors. Lasting powers of attorney and details of appointed attorneys. Bank accounts, pensions and insurance policies. Property records and mortgage information. Existing care arrangements and key contacts. Funeral wishes and any relevant plans. Instructions for finding important digital records securely. The aim is to establish what exists, what needs reviewing and where the information can be found. Knowing that a will was written years ago is useful. Knowing where the signed original is kept, and whether the appointed executors can still act, is more useful when someone needs it. Why a lasting power of attorney matters A central theme of the episode is making arrangements while you can still choose who should help you. In England and Wales, a lasting power of attorney, or LPA, allows you to appoint someone to help make decisions or make decisions on your behalf. You must have the mental capacity to make the LPA when you create it. There are two types: Property and financial affairs, covering matters such as banking, bills and property. Health and welfare, covering matters such as daily care, medical treatment and moving into a care home. A health and welfare LPA can only be used when you cannot make the relevant decision yourself. A registered property and financial affairs LPA can also be used with your permission while you retain capacity. Different arrangements apply in Scotland and Northern Ireland. Read the GOV.UK guide to lasting powers of attorney. Karen raises a concern that can make people reluctant to act: what if someone does not want their spouse controlling their affairs? Richard’s response is that the person can choose whom to appoint. The conversation should begin with trust, choice and an explanation of what the document allows. Discuss future treatment wishes The episode also explores how families can understand someone’s wishes about medical care before a serious illness makes communication difficult. In England and Wales, an advance decision to refuse treatment, sometimes called a living will, can record specific treatments someone would refuse in defined circumstances if ...
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    17 min
  • Podcast – When Estate Duties and Family Duties Collide

    Podcast – When Estate Duties and Family Duties Collide
    Aug 24 2026

    In this episode, I look at why estate planning is about much more than writing a will.

    I use a common family scenario. Dad has died and leaves everything to Mum. Their three children are executors, Mum now has dementia and lives in a care home, one child has Power of Attorney, and another still lives in the family home.

    The problem comes when Mum needs more money for care and the house may need to be sold.

    Who comes first? What should the attorney do? What happens to the child living in the property?

    This is exactly why we need to think about these issues before we lose the ability to make decisions.

    Good planning cannot cover every event, but it can give your family clear direction and help avoid serious disputes later.

    Because doing nothing is still a decision.
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    8 min
  • Podcast – Direct Cremation

    Podcast – Direct Cremation
    Aug 12 2026
    Welcome to a joint podcast I did with Karen Acres. You can find out more about Karen here. Karen Acres Celebrant Skip to content Direct Cremation: Cheap, Simple and Not Quite What You May Think Direct cremation has become a common choice. The adverts make it sound simple. You pay a set fee, the funeral firm collects the person who has died, the cremation takes place, and the ashes come back to the family. There is no funeral service. No large bill. No fuss. You can listen to the podcast below http://www.moneytrainers.co.uk/wp-content/uploads/2026/08/Karen-acres-direct-cremation-podcast.mp3 For some people, this may be the right choice. But before you sign anything, you need to understand what you are buying, what you are giving up, and what other choices may be open to you. Karen works as both an ordained minister and a funeral celebrant. She leads religious and non-religious services and helps families through one of the hardest times of their lives. Our talk started with our friend Jude. Jude Wanted No Fuss Jude knew that she was dying. She had made her wishes clear and had put her paperwork in order. She had thought hard about what she wanted and did not want her friends to face a large funeral bill. Her first choice was a direct cremation. Her plan seemed simple. Her body would be collected, the cremation would take place, and her ashes would come back to the people close to her. Her friends could then get together, have a drink and remember her. She thought this would save everyone trouble. Karen was concerned. Jude had many friends and was loved by a great number of people. Karen asked her whether she had thought about the effect that having no service might have on those left behind. The answer was no. Jude had thought about the cost and the work involved. She had not thought as much about grief, saying goodbye and the needs of her friends. After a long talk, Jude chose a short attended cremation service instead. Six of us attended. The service lasted around 15 minutes. It was simple, warm and personal. It did not cost anything close to the large sums that many people expect a funeral to cost. Jude still avoided a grand funeral. But the people closest to her had the chance to say goodbye. That small change made a huge difference. What Is a Direct Cremation? A direct cremation normally means: The person who has died is collected. There is no attended funeral service. The cremation takes place without family or friends present. The ashes are returned or made ready for collection later. The low price is the main selling point. Many people choose this because they do not want to leave their family with a large bill. Others say that they do not want a fuss. Those are fair reasons. The problem is that the adverts may not explain every part of the service in enough detail. Depending on the firm and package, the family may have little say over the date, time or place of the cremation. They may also have to wait before they receive the ashes. Not all direct cremation firms work in the same way. This is why families must ask clear questions before they agree to anything. You Can Arrange a Direct Cremation Locally One of Karen’s main points was that you do not have to buy a direct cremation from a large firm that advertises on television. A local funeral director may also offer direct cremation. This may give the family more choice and more contact with someone nearby. You may be able to learn: Which crematorium will carry out the cremation. The date of the cremation. The time it will take place. When the ashes will be ready. How the ashes will be returned. Whether a short attended service is possible. Knowing the date and place can matter. Some families want to light a candle, say a prayer or simply sit together at the time of the cremation. Other families feel better knowing where the person is and what is happening. That knowledge can help with the grieving process. Direct Cremation Is Not the Only Low-Cost Choice People often think there are only two choices: A cheap direct cremation with no service. A full funeral costing several thousand pounds. There is a middle choice. A local funeral director may be able to arrange a short attended cremation at a less popular time of day. The service might last 15 or 20 minutes and include only close family and friends. You may choose to: Play one or two pieces of music. Read a short tribute. Say a prayer. Hold a quiet moment. Attend without hiring a minister or celebrant. Hold a separate memorial later. You can still keep the cost under control while giving people a chance to say goodbye. Start With Your Budget Funeral arrangements often start with a list of products and services. The funeral director explains the coffins, cars, flowers, service choices and other extras. The family then chooses from the list. Karen suggests starting the other way round. Say: “This is the money we have. What can you arrange within this budget?” A good funeral director...
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    30 min
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