Two Pauls in a Pod

David Hall - All Things Housing & The Housing Crisis

Sun, 03 Mar 2024 00:01:07 GMT

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Money Made Easy - Pauls new book has hit the shelves

Sun, 28 Jan 2024 05:01:25 GMT

On this week's episode, the two Pauls chat about Paul Merriman's new book, Money Made Easy.

Disclaimer: This podcast has been produced by Paul Merriman (Certified Financial Planner CFP®) in his personal capacity. The views and opinions expressed in the podcast are those of Paul Merriman and do not necessarily reflect the views or the position of Fairstone Asset Management DAC trading as Fairstone & askpaul. Some segments of this podcast may be provided to askpaul for the purposes of promoting or advertising on its social media platforms. These podcasts set out some of Paul Merriman’s personal financial experiences and it is not intended to be relied on as financial advice. Where a subscriber has a financial query then they should seek the relevant financial advice from www.askpaul.ie

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Best bits of 2023

Sun, 21 Jan 2024 10:56:32 GMT

On this week's episode, the two Pauls look back at their favourite episodes from 2023.

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Look Back at 2023 & Forward to 2024

Sun, 14 Jan 2024 06:01:41 GMT

On this week's episode, the two Pauls look back at 2023 & make some predictions for 2024.

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The episode with Dev Toner

Sat, 12 Aug 2023 23:01:29 GMT

On this week's episode the two Pauls are joined by former rugby player Dev Toner. Dev talks about his retirement from rugby, seriously pivoting his career to qualifying as a financial advisor and now working with Paul Merriman as Head of Partnerships. He also talked about how he came to the decision not to pursue a coaching role and to leave the game altogether. Dev shares the sort of person he was in school, how his finally leaving rugby came about and how ready he was to finish up by then and being excited by the next chapter. He and Paul talk about the importance of structure when building a business and the impact Dev has had on his business. They all discuss retirement in the traditional sense, the ways it has changed and how some professions lend themselves to carrying on well beyond that time. Dev also shares memories of his last game, what he misses about the game and what he doesn’t and reveals his best and worst spends!

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The finance of tax

Sat, 05 Aug 2023 23:01:21 GMT

This week the Pauls are joined by Peter Daly, chartered accountant and tax expert, Peter is a good pal of Paul Reids and also works as an actor and writer. Peter shares his career journey and how he marries both passions, the arts and accountancy,

Peter shares tax advice on for self-employed people and PAYE employees

and covers repetitive errors and questions - sharing tax credits and where you might get some relief and how helpful revenue's website is for PAYE employees.

They also cover expenses and flat rate allowances - how to find what you are allowed claim back, Paul shares tips on saving medical receipts and the importance of not claiming twice! Paul and Peter explain why you might choose to be a sole trader over a limited company. They also talk about various relief options and the importance of pensions for this.

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The Episode with Budgeting expert Caz Mooney

Sat, 29 Jul 2023 23:01:42 GMT

On this week's episode the two Pauls are joined by budgeting expert, Caz Mooney. Caz shares her journey from a busy mum to a budgeting expert with 160k Instagram followers- she talks about losing her job, becoming a stay at home mum and living with a long term struggle with finances. Suddenly having two incomes and that typical ‘lifestyle creep’ led Caz and her husband to overspending and landed them with a very large credit card debt, she talks about how they then they decided to embark on a 'low spend year' for 2019. She chats about getting the kids on board by promising it was only a year and they would make it fun! Caz shares how that went and how her family successfully cleared debt and also chats with the lads about the importance of budgeting, short, medium and long term goal setting and giving saving time and patience. She and Paul M share really helpful tips on how to save money as her journey continues.

Caz's new book Irish budgeting planner: take control of your money and gain peace of mind is out now and she can be found @irishbudgeting on Instagram where she shares lots of helpful and practical tips.

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The Finance of Wills

Sat, 22 Jul 2023 23:01:48 GMT

On this week's episode the two Pauls are joined by Sinead Glynn, solicitor with MHP Sellors Solicitors to talk about everything you need about wills.

Sinead chats about who should have a will and why, she and Paul chat about the financial planning of wills - why people refuse to make a will and the potential pitfalls of being without one. Sinead outlines where to start - the homework you need to do before you go to your solicitor to make a will and explains why if you have assets or children you definitely need a will.

They also chat about what happens in various situations; if a will isn't updated, family rifts and cohabiting couples vs married couples. They also discuss cost and tax and inheritance implications and what happens if people contest a will and why that might happen. They talk about who you should or shouldn't choose as an executor, trustee or witness and when you might engage a professional executor and why DIY wills are nearly never a good idea.

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Dealing with redundancy

Sat, 15 Jul 2023 23:01:21 GMT

This week's episode the two Pauls are joined by performance and health coach Gerry Hussey to discuss how people can deal with redundancy. Gerry shares his own personal story and how he got to do the work he does today and Paul M shares the story of how the two of them met. Gerry covers how people can deal with the unexpected news of redundancy and how it can sometimes be a positive or a reset - he also reminds us that depending on an individual's family dynamics, age and where they are in life, how redundancy impacts them can be totally different and is often not easy. Gerry also shares the importance and inevitability of acceptance of a redundancy situation and how you can work on your mindset to move on, reminding us of how short life can be. There is also some chat around cold showers; with views varying between the benefits and sheer dislike, which leads Gerry into talking about what is easy in life and what is special! Finally Gerry and the Pauls discuss the importance of seeking support and advice when you need it.

More details about Gerry, his events and updates on soul space can be found at www.soulspace.ie Gerry is the Author of Awaken your Power within and his second book will be available soon.

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The finance of bitcoin

Sat, 08 Jul 2023 23:01:57 GMT

On this week's episode the two Paul's are joined by Fawad Bari, Researcher and investor in bitcoin and cryptocurrency - - Fawad starts by sharing his background story in the world of finance and how he started a big job in London at the worst possible time and decided to make a change and now works on his company irish online shopping site iclothing.com amongst other things. Fawad talks to the Pauls about money, the value of it and how it is a technology. He also covers what cryptocurrency is, why it's there, how it works, how it's non-regulated and how it is not a get rich quick scheme.

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The Finance of Health Insurance

Sat, 01 Jul 2023 23:01:20 GMT

This week the two Pauls are joined by health insurance expert Dermot Goode for lots of practical tips, information and advice about health cover. The lads cover who should have health insurance, what type of you need and where to start when lookingf for a policy. They talk about switching - how to and why people won't and also the importance of knowing what you can claim for. They have a chat about the Irish health service and look at public v private. Dermot shares advice on what policies to ask for and the best ones out there he also explains why we should all be claiming for everything as unlike car insurance there is no penalties for claiming, in fast that is what it's there for! Lots more information and contact for Dermot on www.totalheatlhcover.ie.

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The Finance of Motoring

Sun, 25 Jun 2023 00:51:33 GMT

This week the two Paul are joined by Motoring Editor Ger Herbert.

In this episode they explain PCP (personal contract plan) and other car finance options and discuss which works best for who and when. They also discuss the second hand car market and the reason the cost of insurance is so high here. They chat through all the costs involved in learning to drive and talk in detail about the benefits, models and cost of electric vehicles. Each Paul and of course Ger share their favourite and wish list cars and as always Paul Reid seizes a few voiceover opportunities!

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Rory O'Connor AKA Rory's stories on ADHD, Gambling and his career success

Sat, 17 Jun 2023 23:01:17 GMT

On this week's episode the two Pauls are joined by Rory O'Connor AKA Rory's stories expect less finance advice and more amazing stories and laughter - Rory shares how Rory's stories began and grew it to it's current success and he talks about how his gambling addiction started and the journey to his recovery. He also told the lads lots of behind the scenes details from his recent successful RTE documentary 'Gaelic in the Joy' including his personal connection to the team. Rory shares his ADHD journey and why that was so important for him to deal with the trauma and triggers from his school days. He gives a great account of his time with Quinn Insurance before his current career took off! You can watch Gaelic in the Joy on the RTE player and follow Rory @rorysstoriesofficial

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The finance of travel

Sat, 10 Jun 2023 23:10:00 GMT

In this week's episode the two Pauls are joined by Rory King, founder of Rory's travel club to talk all things travel. Rory shares his story of how and why the travel club started, how it keeps money in Ireland and how each subscription works. Paul M explains why, even as a financial planner, he advises travels over pension planning for some people. Rory also tells the lads some of the best trips that his subscribers have taken and some of the best deals they have on offer, he gives some top travel tips and joins Paul Reid and Paul Merriman in sharing their best and worst holidays and travel stories. You can find Rory @rorystravelcub on instragram and each subscription costs €10 a year.

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We're Back!

Sat, 10 Jun 2023 23:01:18 GMT

The lads are back for season 2!

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Investments

Sun, 12 Mar 2023 00:00:54 GMT

In this weeks episode the two Pauls talk about investments – they chat about who can invest, who shouldn't and exactly where to start. Paul M also explains why and when you should choose investing over leaving money in the bank and outlined the optimum time to leave your money where it is once it’s invested. The Pauls also covered the risk involved, how you can invest however little small your spend and they gave a shout-out and explainer for the Ask Paul investment club.

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Protecting your income

Sun, 05 Mar 2023 09:22:26 GMT

This week's episode is all about income protection – the two Pauls chat about why it's the most important financial product you can have & why Paul M is always banging on about it! Basically, your income makes your world go around so if it unexpectedly disappears you need a back-up – the lads talk about how we pay for cover for our health, house, car & gadgets & we pay for that with our income so obviously we need to cover that too. They explain how this financial planning tool works to keep your income on the road if something goes wrong and gets you tax relief while you pay for it, how it differs from specified serious illness cover and they talk through different types of policies and detail about how much cover you needs and what it costs depending on your circumstances.

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Salary and asking for a payrise

Sun, 26 Feb 2023 00:00:11 GMT

In this week's episode the two Pauls chat about pay and how to ask for a pay-rise. Paul Merriman shares how important it is to find out what the salary is before you go for a job and addresses dealing with new hire salary from an employer point of view. He also gives tips on how to approach your boss for a salary increase, why you may need to manage expectations and the reasons you probably shouldn't discuss any of it with your colleagues! The Pauls also chat about how to ask for your worth when charging a fee as a freelance worker/service provider, how some employees can be such bad performers they are taking the piss even asking for a wage increase and why you should be VERY careful starting a pay negotiation by saying you have another job offer!!!

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How to protect your family and your assets

Sun, 19 Feb 2023 01:49:40 GMT

In this weeks's episode the Pauls discuss all the details you need to know about mortgage protection and life assurance. They explain the different types of policies and why one may be a better option than another. They address how your needs may differ if you are married, single and/or have kids, are a renter or a homeowner, and they cover the importance of understanding exactly what you are getting for that monthly premium. Paul Merriman also shares why you should nearly never buy these products from a bank, how to deal with getting cover if you have had pre-existing medical conditions and as always he shares some cost breakdown examples.

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The Finance of Romance

Sun, 12 Feb 2023 00:06:56 GMT

This week's episode takes a look at the finance of romance just in time for Valentines Day! The two Pauls talk about everything from who should pick up the tab on a date, if the higher earner should always pay more of the bills to the tax implications of being coupled up but not married. They also discuss the best approach to managing money as a couple, the changing trends in wedding spending, if a joint account is always a necessity and the need for financial couples counselling!

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Starting a business

Sun, 05 Feb 2023 00:00:21 GMT

This week’s episode has everything you need to know about starting your own business and Paul Reid is at the ready with a pen and paper for all the notes!! The lads cover everything from the importance of a good solicitor to whether you need to work as a sole trader or set up a limited company and the tax scenario and impact for both. Paul M shares why you shouldn’t get caught up in the name, logo and other small but exciting details too early, the power of social media, importance of showing support to pals in new start-up and why wanting to be your own boss is NEVER a reason to leave a job and start out on your own. Paul Merriman tells the story of starting his own business, how he did it and how he took none of his own advice!

As promised in this episode Paul Merriman first ever video - it's not as cringey as he claims!

https://www.youtube.com/watch?v=nXikDrZZFHc

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Pensions, all you need to know

Fri, 27 Jan 2023 00:00:00 GMT

This week's episode is full of advice and information on pensions - the two Paul's talk about when you need a pension, why having one is important and when you don't need to worry. Paul M also shares the tax benefits, explains different pension plans and reminds listeners why (almost) nobody should panic!

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Mortgage advice for First time Buyers

Fri, 20 Jan 2023 00:00:38 GMT

This week's episode is all about mortgages - If you are a first time buyer this is a must listen - Paul Merriman covers everything from getting your deposit together to why you definitely shouldn't start your journey on Daft.ie (much to Paul Reid's disappointment!!) This episode is a little longer than usual with lots of detailed but important information, so we have a detailed time code below and supporting websites.

**there will be an episode for a second time buyers and fresh starter in the future

Time code

(00:00)getting mortgage ready - simple breakdown of figures of what you need to get started - can you afford the mortgage repayment - The importance of a mortgage advisor

(04:51)What you need to bring to the mortgage consultation and what it will entail an

(06:15)How how to get a credit report and why it needs to be done and done quickly

(08:31)Your deposit explained (and some info on the help to buy scheme)

(13:20)deposit details and contingency plans and start rules for self builds

(15:25)first home scheme (shared equity) explained and why it's particularly suitable for single first time buyers **this scheme can be used with the help to buy scheme and is available to fresh starters

(23:12)Local Authority Loan (formerly rebuilding Ireland)

(26:01)Importance of building a good team you can trust- mortgage advisor, solicitor, agent, surveyor mortgage broker etc

(40:36)why looking for a house before you get your mortgage approval is just going to disappoint - be honest and do what's right for now

(43:00)don't buy a stop-gap, the cost of borrowing and why the first 5 years of a mortgage is so expensive (interest first)

(46:12)Interest rates - reason for the rises and why you should fix

(53:45)the @ASKPAUL mortgage campaign and how you can find the ad banned from the TV!

https://app.acuityscheduling.com/schedule.php?owner=14223748&appointmentType=17377927&utm_medium=linktree&utm_source=linktree&utm_campaign=mortgage+consultation+%E2%82%AC199

https://www.revenue.ie/en/property/help-to-buy-incentive/how-do-you-apply-for-help-to-buy-htb.aspx

http://localauthorityhomeloan.ie/calculator/

https://www.centralcreditregister.ie/borrower-area/apply-for-your-credit-report-and-other-rights/

https://www.citizensinformation.ie/en/housing/

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The credit card trap

Fri, 13 Jan 2023 00:00:14 GMT

Have you got a credit card and do you use it properly?

In this episode, the two Pauls talk about credit cards, including Paul Merrimans horror story about his first one!! Are credit cards ever a good idea? How can you find the best rates and perks? Why a credit card can be a very useful tool in certain circumstances but only if you are well set up financially - if you are an emotional spender or can’t get to pay day without going into an overdraft you really shouldn’t have a credit card!!! But, if you have one and are in trouble with it, don’t panic, this episode provides the best way to structure the repayments and clear the debt as interest free as possible. The Pauls also dissect our tapping mentality, discretionary spending and all the ways we pay.

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The Culture of Money

Fri, 06 Jan 2023 12:32:25 GMT

Where did you learn about money?

In this episode, the two Pauls talk about the culture around money in Ireland - where they learnt about money and why, as a nation, we aren't great at talking about it but definitely should be! The Pauls chat about their first jobs & how important it is to talk about cash with kids.

**Expect strong views on buy now pay later, needless borrowing & overspending! But no judgement

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The Intro Episode

Thu, 05 Jan 2023 13:25:30 GMT

The two Pauls fill us in on who they are, how they know each other & why they are making this podcast.

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