The Money Podcast

Top 15 Money Misconceptions: The Truth Banks Don't Want You to Know


Listen Later

Rob shares 15 money misconceptions that could be holding you back from financial freedom. From debunking myths about savings accounts to revealing shocking truths about government currency manipulation, Rob shares insider knowledge gained from his own journey to building a £250 million company. Rob covers everything from silver investments to the truth about banks, with practical advice on protecting and growing your wealth in today's struggling economy.

 

KEY TAKEAWAYS

 

  • The banking system isn't designed to protect your wealth - banks pay 1.5% interest while lending at 8-10%, making savings accounts essentially "degrading accounts" that lose value over time
  • Inflation isn't naturally occurring but a government strategy to reduce debt value - when governments print money, they're effectively stealing purchasing power from existing currency holders
  • Hard work alone doesn't create wealth - success comes from combining opportunity with effort, explaining why a waiter working as hard as Elon Musk won't achieve the same results
  • The LMD (Leverage, Manage, Do) time management system - start your day by delegating tasks to others, then manage those tasks, and only then focus on what you must do yourself
  • True wealth comes from increasing the gap between income and expenses - focus on reducing expenses before increasing income to avoid lifestyle creep
  • Asset ownership is key to beating inflation - physical assets like silver and property increase in value with inflation while debt becomes relatively cheaper, creating a double win for investors

 

BEST MOMENTS

 

"Money absolutely does make you happy. No rich person ever said money doesn't make me happy, take all my money away."

 

"People work really hard in the gold mines, but it's the people who own the gold mines that make all the money."

 

"The bank is not a public service. The bank does not care about you. The bank does not save your money. It invests your money."

 

"Why would someone spend a thousand quid on a TV that will be worth 150 quid in three years, but they wouldn't invest a thousand pounds into their health, wellbeing or their knowledge?"

 

VALUABLE RESOURCES

https://robmoore.com/

bit.ly/Robsupporter  

https://robmoore.com/podbooks

rob.team

ABOUT THE HOST

Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”

“If you don't risk anything, you risk everything”

CONTACT METHOD

Rob’s official website: https://robmoore.com/ 

Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs

LinkedIn: https://uk.linkedin.com/in/robmoore1979

 

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

The Money PodcastBy Rob Moore

  • 5
  • 5
  • 5
  • 5
  • 5

5

17 ratings


More shows like The Money Podcast

View all
The Meaningful Money Personal Finance Podcast by Pete Matthew

The Meaningful Money Personal Finance Podcast

89 Listeners

The Property Podcast by Rob Bence and Rob Dix from The Property Hub

The Property Podcast

64 Listeners

The Money To The Masses Podcast by Damien Fahy

The Money To The Masses Podcast

13 Listeners

This is Money Podcast by This is Money

This is Money Podcast

36 Listeners

Disruptors by Rob Moore

Disruptors

113 Listeners

Mark My Words by Mark Homer

Mark My Words

2 Listeners

The Progressive Property Podcast by Kevin McDonnell

The Progressive Property Podcast

4 Listeners

Cash Chats UK Money & Personal Finance podcast by Andy Webb

Cash Chats UK Money & Personal Finance podcast

9 Listeners

The Diary Of A CEO with Steven Bartlett by DOAC

The Diary Of A CEO with Steven Bartlett

7,713 Listeners

AJ Bell Money & Markets by AJ Bell

AJ Bell Money & Markets

10 Listeners

James Sinclair's Business Broadcast by James Sinclair

James Sinclair's Business Broadcast

3 Listeners

The High Performance Podcast by High Performance

The High Performance Podcast

617 Listeners

Simon Says by Simon Squibb

Simon Says

17 Listeners

Many Happy Returns by PensionCraft

Many Happy Returns

38 Listeners

Making Money by Damien Jordan & Timeyin Akerele from Most

Making Money

8 Listeners