It was quite crazy to me to find other people are on their . . . Lucinda, how about you? What was the thing you most remember from today? And the interest rate, that could be detrimental to some. I thought the fact that interest rates go up to 1,000 per cent was quite mind-boggling. OK, so what were the things that you’ve learned today that stuck in your heads?

You can earn, like, profits from the properties that you sell, and then you build up, like, different clients’ houses as well. Oh, why did you want to go into real estate? I’m Claer Barrett, the FT’s consumer editor. Welcome to Money Clinic, the weekly podcast from the Financial Times about personal finance and investing. That’s why I went along to an event that aimed to teach young people about personal finance.

But it’s those early lessons that can be really crucial. As a trustee of the FT-backed charity, the Financial Literacy and Inclusion Campaign, I think financial education is vital for us to continue learning about money throughout every stage of our lives. But they’re faults I’m prepared to admit, in the hope that others can learn from them. I’ve made many financial mistakes, from an early brush with store cards to not starting my pension early enough. The words “tax” and “national insurance” only entered my vocabulary at the age of 18 when I received my first payslip. Like many people, I was taught precisely nothing in school, college or university to prepare me for the financial ups and downs of the adult world. In fact, I’ve just written a book about it called What They Don’t Teach You About Money. I ask because anyone who listens to the podcast will know I’m always talking about the need for better financial education.

If someone had asked me that question when I was 16, my answer then would have been very different from my answer today. I’d have it so that that thousand pounds pays for my gym membership.

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