What’s all this about?

MoneyHi, I’m Martin – mid 50’s – pretty healthy – self employed – nothing much put away for my old age.

My dad is 86 and still going strong!

If genetics and economics keep doing their respective things, it looks like I might need some kind of a pension plan ..

So, I happened to be listening to the Tim Ferriss show which lead me to read Tony Robbins book – Money: Master the Game.

It was, quite literally, a game changer for me.

If you’ve shied away from investing for whatever reason, this is a must-read book. Go and get it and, if you live in the UK, come back here when you’re done, 600 pages later and a bit perplexed.

If you’re impatient, skip to the summary.

Tony does a good job of addressing an international audience, but, if you don’t know much about investing and you don’t know what the UK equivalents are to some of the US terminology he uses, maybe your investment plans might not turn out as good as they could be?

So, I’ve started this site for my own benefit – as a discipline to re-read and interpret Tony’s action points in a UK-specific way. Maybe it’ll help you too?

Now, be warned, I’m doing this because I don’t know what I’m doing.

There’s every chance that I’ll misunderstand, misinterpret and generally mangle things. However, right now, all I’ve got is Tony’s book and a vague game-plan.  I want a specific one.

I’ve relied heavily on the excellent Monevator blog for my education, research, enlightenment and entertainment.  If I’ve not adequately covered something here, head over there and search – it’s what I’d do.

So, this is me working stuff out in public. Feel free to chime in or offer an opinion or two. Maybe we can help each other?

It’s like this:

  • I think Tony’s book is a game-changer
  • Normal people (in the US) will use it to make better investment choices
  • I want to make it easy for me (and you) in the UK too

I should probably add some kind of a disclaimer, and some blah-blah-blah that you wouldn’t read. If I notice Google analytics going bananas, maybe I will – but you understand that none of this is my professional advice.

18 thoughts on “What’s all this about?”

  1. Hi
    Just been listening to the audiobook & wondered how this whole thing applies to us in the uk? I haven’t even started looking just been trying to get my head round it! Have you had any luck?

    1. Hi Tina, I’m making progress I think. I’ve some ideas but I’m still re-reading the book and following a few other blogs to increase my knowledge. I’ll be posting more regularly from now on!

  2. Hi Martin,

    I just wanted to say this is great! I’ve just started reading the book and was considering what info might be out there which is UK specific, your site is exactly what I was looking for.

    I noticed your last post was 6 weeks or so ago, wondering if you are still looking to keep up the posts or if your motivation is waning?

    Keep it up!

    Hamish

  3. Amazing website – just what i was looking for, the book was impressive theoretically but I wanted to know the UK equivalents so I would understand the concepts much better. After a google search I landed on your website which made the book worth buying – keep up the great work.

  4. Hey Martin,

    Good job here! I feel Tony has made it very americanised which kind of bugs me, I have emailed the support team to see if they have advice on UK equivalents so I will let you know the outcome. Would love to hear and new things you have found?

  5. Hi
    Really glad you set this up.
    Just started reading the book.
    My initial thinking was that although the book is directly targeted to people in the US, whats to stop people in the UK investing in the US ?
    Why try to find equivalent for everything?

    The only element we can’t avoid addressing is HMRC and fees.

    Wouldn’t all the stock picking insight be usable intact?

    1. Hi Mani, the investing theory is the same – just the tax position and the platforms we’d be able to use are different I’d say. So, same theory, slightly different execution. A good UK-specific book I’m just starting to read is Tim Hale’s Smarter Investing

    2. @Mani,

      My understanding is that the US does not allow those overseas to invest in index shares and ETFs. Please anyone correct me if I’m wrong but that is the information I have. This means that in oreder to invest in S&P500, for example, there are UK and European derivatives established and while the underlying holdings may be similar, the performance might not be the same. That said, the principles of cutting costs, diversifying through a fund-of-funds and shielding the gains from tax, all apply.

  6. Hi Martin

    This is just a quick email to say that you are a legend! your site is exactly what I was looking for!

    I will come back to you soon with more emails to exchange of knowledge and info.

    Please keep up the great work!

    Marco

  7. Hi Hamish

    I too after listening to tim’s podcast decided to read Tony’s new book. I have only just started chapter 2. But decided to stop and Google if this book could actually apply to a UK audience as I was worried I was wasting my team reading it with all the U.S. Financial references. I haven’t yet read your site but it gives me hope that I should continue with the book if u have found a way to apply the learnings to UK financial methods. Great job man and please keep this site going. I’ll start to contribute once I have finished the book and try to start interpreting the methods my self. Cheers grant.

  8. Hi Martin,

    I’m looking for a UK IFA or firm that implements the strategies in the book. Do you know of any?

    Thanks,

    Nigel

    1. Hi Nigel, from what I’ve found the two are pretty much mutually exclusive. High fee, active investing or low fee, passive investing.

  9. Dear Martin,

    I have literally just sent a letter to Tony Robbins (in the vain hope it might actually get to him personaly)! Asking the exact same questions that you have picked up about how to translate this to the UK! Thank you, I just googled to see how to apply his programme to the UK and I picked your blog up. I would love to contact you and discuss, how would that be possible? I am a single parent, out of work, in debt and due to start work on 7th September. Initially if I put aside 10% of my new earnings which I have committed myself to do, I want to know that even my meagre beginning will not be spent unwisely. Many thanks.

    1. Hi Rebecca, thanks for commenting, but this isn’t somewhere where I’m able to advise you. This is me learning in public. I’d suggest getting in touch with the government’s Money Advice Service. Scroll to the bottom of that page and you can web chat or call them for free. Probably a great place to start.

  10. Hey Tim

    Thanks so much for this translation website!

    I’ve just finished the book and like you said it is a game changer.

    I hope you reach your financial goals

    God Bless
    Thanks again
    Peace and Blessings
    Sean

  11. Hi Martin,

    I’ve just started to read the book, and like you have found it very enlightening. I’m in my early 30’s, self employed with very little saved and no knowledge of investing. I look forward to more insights as to how to make the book’s advice relevant to the UK. Keep up the great work!

    Mike

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