Working out what to do with a life-changing sum of money is a nice problem to have but that doesn’t mean it’s not tricky. 

We’ve all read the stories of inheritances, lottery wins and other windfalls squandered - and even if you have spent a lifetime building your wealth, whether through investing or business, it would still be all too easy to rattle through the cash.

On this week’s podcast, we look at a question from This is Money’s new Wealth Check section on what to do with £1.2million from a business sale: how to spend some enjoying life and invest the rest so that it is not at too much risk but still grows.

From there, Simon Lambert, Tanya Jefferies and Georgie Frost dive into what a life-changing sum of money might be, why more people are getting them, and what you might do with it.

For those without that luxury, we look at why engaging with your pension investments is being tipped as a way to retire early - and whether a bit less time panic scrolling on social media might buy you the time to do that.

Also on this week’s podcast agenda are the cheap wills that could cost your family a fortune, the used electric cars rising in value – with the Renault Zoe up 30% in a year - and the annoying text messages that could replace Verified by Visa.