In this week's episode, Loraine Marshall aims to challenge and completely dismantle conventional financial advice that often leaves people feeling stuck. Our guide on this journey is Rob Moore, a self-made millionaire, property investor, and host of the Disruptors podcast, known for building his fortune on contrarian thinking. Loraine extracts some of Rob Moore's valuable insights, offering a blueprint for building wealth by exploring the money lies that keep you poor, and revealing the hidden rules of the financial game.

4 Key Takeaways

1. Lie number one suggests that saving your money in the bank is responsible, but Rob Moore argues this is a dangerous myth. Due to inflation—which he calls the biggest legal money scam—leaving your money in the bank is not saving it; it is eroding and degrading its value, resulting in a guaranteed loss of purchasing power over time.

2. Inflation is a quiet theft of your money and a systematic feature of the modern financial system. The only effective defence is to own assets that rise in value as currency devalues, such as property, stocks, businesses, and precious metals (like gold and silver coins), which store value better than cash.

3. The wealthy understand a critical distinction: bad debt (borrowing for depreciating consumer items like a new car or designer clothes) keeps people on a treadmill, while good debt can make you richer. Good debt involves strategically borrowing money, like using a mortgage on a rental property, to acquire an asset where the financial return is higher than the debt's cost.

4. The supposedly secure job is one of the riskiest financial strategies because your entire income stream depends on one employer, meaning you are not in control. Since even saving money is a risk due to inflation, true financial security comes from taking calculated, educated investment risks to build assets that you control.

4 Best Moments

1. Ex-financial advisor Chris Roll provided a brilliant analogy, explaining that the Monopoly game rules state that if the bank runs out of money, it can simply write some more on a piece of paper and use that. This perfectly illustrates how the modern financial system and central banks create currency out of thin air.

2. In a rant about modern consumer culture, Rob Moore highlighted the absurdity of spending £55 on a trendy water bottle when the same money could purchase a one-ounce silver coin, which is a real, tangible asset that stores value. This powerfully symbolises society's broken financial priorities.

3. This insight captures the power shift when dealing with high-level finance and leverage: "If you borrow a million pounds from the bank, you have a problem. If you borrow 100 million from the bank, they have the problem".

4. Blueprint for Your First £10,000. Rob Moore provides a simple, diversified plan for asset growth: 40% into the stock market (e.g., Vanguard Life Strategy Fund), 30% in physical gold, 20% in physical silver, and 10% in calculated high-risk crypto (e.g., 80% Bitcoin, 20% Ethereum). This strategy hedges against economic uncertainty while investing in long-term growth.

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