Listen to Episode 450
On this week's show, we discuss the new Rate Reducer Scheme which could cut a new-build buyer's mortgage rate down to as low as 0.99%. We also discuss the income fund opportunities for those looking to build a portfolio that generates an income to keep pace with inflation. Finally, I explain the Japanese method of saving money as well as the benefits of financial journalling.
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Episode Quiz
Here are five multiple-choice questions to test yourself after listening to this week's episode.
Questions
1) How many listening hours has Andy racked up on his podcast app?
- A) 1,450
- B) 1,894
- C) 2,265
- D) 2,713
2) The payout for the City of London Trust has grown for how many years in a row?
- A) 25
- B) 39
- C) 57
- D) 68
3) I looked at the income payout from 37 Income Trust funds. How many of the funds grew their payout in 2023?
- A) 24
- B) 28
- C) 29
- D) 31
4) What is Kakeibo
- A) A Japanese budgeting system that focuses on mindfulness when making spending and saving decisions
- B) A type of Japanese cryptocurrency developed for use in virtual reality gaming
- C) A derivative financial instrument used in stock market trading
- D) A term describing the practice of burying money as a means of saving
5) What is the Rate Reducer Scheme?
- A) A scheme offering property discounts for first-time buyers
- B) A scheme that offers discounted mortgage rates for new-build homes
- C) A scheme that ensures new-build buyers can purchase free of any solicitor or mortgage fees
- D) A scheme that offers discounted utility bills for the first two years
Answers
- Answer 1: D) 2,713
- Answer 2 : C) 57
- Answer 3: B) 28
- Answer 4: A) A Japanese budgeting system that focuses on mindfulness when making spending and saving decisions
- Answer 5: B) A scheme that offers discounted mortgage rates for new-build homes
Resources:
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