Managing your finances when you’re self employed

Being your own boss can be exciting and rewarding. But there is a downside – no company pension, no PAYE and if you don’t work, you don’t earn. Plus, when you’re trying to keep a business afloat, your own personal finances are often last on the priority list. This time we help entrepreneur, Jessy, understand how to create financial security for her business and herself.

Pete Komolafe, founder of Conversation of Money, joins us this week to help Jessy on her path to financial confidence. And Matt Frain, Advice Director for Legal & General Financial Advice, is back with some sage advice on saving for now and the future.

 The views and thoughts expressed on this podcast are those of the individuals involved and do not necessarily represent those of Legal & General. This podcast does not constitute or replace the need for financial advice. Content was relevant at the time of recording. This content is intended for a UK audience.

FURTHER READING & FEATURED LINKS: 

You’ll find lots of useful information on Legal & General’s website:

https://www.legalandgeneral.com

You can find more information on personal pensions for the self-employed here: https://www.legalandgeneral.com/retirement/pensions/pensions-explained/self-employed-pension/

There’s also a handy guide on what to consider when you’re buying a property: https://www.legalandgeneral.com/insurance/life-insurance/guides/what-to-consider-when-moving-house/

Pete Komolafe is a qualified financial adviser turned YouTuber and founder of Conversation of Money. His aim is to help more people understand investments and be more active with their personal finances. He’s passionate about helping people understand how to create financial security through positive financial choices.

You can hear more by following the Conversation of Money on YouTube and other social media platforms. He also has his own podcast.

https://conversationofmoney.com

The Government offers a free and impartial service offering guidance on money and pensions choices at MoneyHelper: https://www.moneyhelper.org.uk/en

You can find an independent financial adviser at https://www.unbiased.co.uk/

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