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Martin Lewis: A Trusted Financial Voice, But It Takes a Toll

by | Sep 23, 2024 | Bridging Loans | 0 comments

Martin Lewis is dedicated to empowering people to take control of their finances and make their money work harder. Unlike many financial experts, he avoids assuming his audience has extensive financial knowledge. Instead, he communicates in clear, simple terms and uses practical examples to explain his points. His website, MoneySavingExpert.com, serves as a valuable resource for anyone looking to save money, reduce debt, or boost their credit rating. By following his advice, ordinary people can gain control over their finances and work toward a more secure financial future.

Known as one of the most trusted financial experts, Martin Lewis has built a reputation for providing independent, unbiased advice. His relentless focus on helping people save money, reduce debt, and improve their financial standing has made him a go-to source for sound advice. With a wealth of knowledge and experience, he offers practical, no-nonsense guidance on a wide range of financial products and services. For anyone seeking straightforward advice on managing their finances, Martin Lewis is the expert to rely on.

People aged 50 to 90+ place more trust in Martin Lewis’s financial expertise than in banks and financial institutions, often describing the advice from those institutions as “patronising, condescending, and self-serving.”

An industry expert points out that the financial sector has only itself to blame for how people aged 50-90+ view it, having squandered their trust. These insights come from the LiveMore Barometer, a comprehensive study of the financial concerns of over 2,000 people in this age group. LiveMore has established itself as the leading mortgage lender for those aged 50-90+.

When asked whose financial advice they trust the most, 35% of respondents put Martin Lewis at the top, ahead of friends and family (30%) and their own online research (29%). Bank managers ranked the lowest, trusted by just 15%, while financial advisers fared slightly better at 22%.

LiveMore CEO, Leon Diamond, had the following to say:

LiveMore CEO Leon Diamond Comment

Martin Lewis has spoken out about the “horrendous” pressure he faces when giving personal finance advice. The financial journalist and “Money Saving Expert” shared on BBC Radio 4’s The Media Show that the stress is “very difficult to manage.” He admitted, “If someone applies for this [benefit] and it affects another, I wouldn’t sleep at night.”

Though many see him as resilient due to his confident demeanour, Lewis revealed, “People think I’m incredibly robust because of the way I talk, but I’m actually quite brittle. I’m tired.”

To manage the stress, Lewis said he takes regular breaks, practices breathing techniques, and engages in intense exercise. However, despite these efforts, the 51-year-old admitted he’s not the best example of stress management, describing “periods where I find it very, very difficult to deal with.”

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