Episode Details

This week Sophie's joined by chartered accountant, author and finance creator Abi Foster (filling in for Vic) to unpack the UK's brand-new Buy Now, Pay Later regulations - why they've come in, what they actually mean for your credit score, and how one woman ended up $50k in debt using it. Plus: should you be divesting from the US stock market right now, SpaceX's IPO wobble and Elon losing his trillionaire status, the $110bn Warner Bros/Paramount merger 12 US states are trying to block, and a genuinely lovely bonus story about a Costco cashier who built a $1m retirement pot on minimum wage.

Abi’s Links

⁠The Money Manual Book⁠: https://www.penguin.co.uk/books/46857...
⁠Instagram⁠: https://www.instagram.com/abigailrosefoster/
⁠TikTok: https://www.tiktok.com/@abigailrosefoster
⁠YouTube: https://www.youtube.com/channel/UCmvbS2HZTs72pst13nBEmJw/videos

Substack: https://elent.substack.com/

Submit your money and morals question to The Ethical Hotline: https://form.typeform.com/to/BZHujjGM and if you want to check out any of the questions we've already answered you can find them here! (https://pathfinder.kiwi/pathfinder-x-the-curve/)

Lily’s guide to ethical investing template:

https://pathfinder.kiwi/media/documents/Pathfinder_x_The_Curve_Mini_Ethical_Investment_Policy.pdf

WTF does that mean? A guide to all the jargony bits:

FCA The UK's finance regulator, now policing BNPL.

Section 75 Your provider's on the hook if a purchase goes wrong.

Soft check A background check that doesn't dent your credit score.

Credit score The number lenders use to judge how risky you are.

Earnings season Weeks when public companies report results.

S&P 500 The top 500 US companies.

Magnificent Seven The 7 tech giants dominating the US market.

Divesting Selling investments to cut your exposure.

Emerging markets Fast-growing but riskier economies.

IPO A company's first share sale to the public.

Monopoly One player controls the market, no competition.

Credits:

Host: Sophie Hallwrigh