Rob talks to Kane about whether saving accounts are a scam and the wider questions about bank accounts and savings. Rob gives the negatives to saving in today’s economic climate and gives alternative ways to make your money work for you.
KEY TAKEAWAYS
- Saving money loses your money but many people don’t realise this because it happens slowly.
- Historically you get less in interest than inflation which means saving always loses money in the long term.
- Rule number one in making money is beating inflation.
- The banks are some of the best marketers in the world!
BEST MOMENTS
"Is savings a scam?”
“Savers are losers”
“You have to beat inflation”
"Cash is the lowest form of investment"
VALUABLE RESOURCES
bit.ly/Robsupporter
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.