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Can you really get rich by cutting costs? Is the 4% rule right for everyone? What are the biggest mistakes we make when it comes to tax? Chris Bourne has worked in the finance industry for over 20 years and is a personal finance Youtuber. 🚀 6 steps to change your financial future - free guide Get our 6-part newsletter series so you can learn how to build wealth in the UK: https://makingmoney.email/newsletter-series 🤝 Improve your finances with our adviser service - book free consultation: https://makingmoney.email/financial-advisors-video. Hostinger (build your website) - and use the code MakingMoney to get 10% off: https://www.hostinger.com/makingmoney ✉️ Newsletter If you want a summary from this episode in an easy format, please subscribe to our newsletter: https://makingmoney.email/S3E12 Disclaimer: 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: 00:00-00:43 - Intro 00:43-06:47 - Cognitive bias in investing 06:47-11:28 - The greatest risk for younger generations 11:28-11:25 - Hostinger ad 11:25-14:41 - You don’t need to be perfect 14:41-20:43 - The biggest misconceptions about building wealth 20:43-23:32 - Financial planning 23:32-24:21 - Want to work with me? 24:21-26:30 Focus on creating wealth 26:30-30:37 - When and what to plan for 30:37-38:32 - Common tax mistakes 38:32-42:15 - Using your tax allowance in retirement 42:15-45:35 - Pension or ISA? 45:35-46:02 - Outro