061 - The Money Hotline | Paying Into A Pension Vs. Investing In The Stock Market
In this episode of the Mind Money Soul podcast, I’m going to be sharing the differences between paying into a pension and investing in the stock market, to help you understand which option is best for you.
This is the first of many ‘Money Hotline’ episodes, a dedicated section where you can write in, ask me your dilemma and I’ll share my advice! Today’s question comes from a 19 year old listener who asks “should I be paying into my pension or investing in the stock market?” - and what a great question this is!
Here’s something that a lot of people don’t realise - if you have a pension, you are already an investor! A pension is essentially another way to invest in the stock market. Whether you choose to invest by paying into your pension or the stock market is going to depend on your big life goals and your time horizon. Either way, learning to invest is the best way to build wealth and protect yourself against inflation for the future.
In this episode:
How to understand your pension as an employee
How to make the most of free money
The pros and cons of a pension
How to have a pension as a self-employed individual
A beginners breakdown to investing in the stock market
Having a pension vs. investing in the stock market
How to decide what option is best for you
Resources
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