No.1 Money Saving Experts: Do Not Buy A House! Putting Money In A Bank Makes You Poorer!

When I grew up, everyone said to me that to generate wealth, get a job, get money, then get a mortgage.

That's one of the worst pieces of advice you can give somebody.

And your future self is gonna be poorer because of it.

But that's what everyone's doing.

Because we're not taught this stuff.

So, what do you think the biggest money mistake the average person makes is?

Being a saver.

So, just having your money sat in a bank account?

Yeah.

It's a guaranteed loss. You're becoming poorer every single day.

But there are plenty of ways to retire early and be financially independent.

And that's including secret hack that makes people fortunes.

So, let's talk about making more money. (cash register trilling)

This is the ultimate money-making master class. As we are joined by three financial gurus. With very different opinions and methods...

... to build future wealth.

So, I want to talk about pensions, credit cards, renting, bad money habits, debts, passive income, spending money to look rich. But first, what is it that rich people know that the average person doesn't know?

Rich people are more disciplined, and they're doing little things that compound into huge results.

Like investing. But, for example, the average American spends more money on Netflix than they do on their investments. And if I invest $1,000 a month for 30 years in something like the S&P 500, I will have about $1.9 million.

Well, there's no asset in all human history that's ever generated as much wealth in the shortest period of time than Bitcoin.

But there's one problem. Bitcoin is high risk, and if any of those risks happen-

Well, I don't dis-

Let me, let me finish. Do you want to have hope that you have the Bitcoin, or would you rather have more security?

You can reduce risk.

I was about to-

It's our job to educate them.

So, if someone has $1,000, what would you suggest they did?

I have a different take on this if you're trying to make more money. I would-

And what about bad money habits? Because when you look at the stats, money is the number one source of stress for Americans, topping work, family, and health.

Well, there's a three-step framework, so I want to get into that. Number one...

I see messages all the time in the comments section that some of you didn't realize you didn't subscribe, so if you could do me a favor and double-check if you're a subscriber to this channel, that would be tremendously appreciated. It's the simple, it's the free thing that anybody that watches this show frequently can do to help us here to keep everything going and this show in the trajectory it's on. So, please do double-check if you've subscribed, and, uh, thank you so much, because in a strange way, you are- you're part of our history and you're on this journey with us, and I appreciate you for that. So, yeah, thank you. (instrumental music) I think the, the first place to start is people want to know how they can make more money, because i- if you don't feel like you have money, saving and investing and these kinds of things appear to be pointless. I also understand that that's not necessarily true. I think you can, you can start investing and saving with very small amounts of money. But for those people that are asking that question, if they're listening to this now and going, "How does one make money? Like, you know, I've got this job, I'm working a 9:00 to 5:00. It's paying me £30,000 a year or $40,000 a year," whatever it might be. Is the right question to be asking, "How do I make more money? And if so, how do I do that?"