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Dec 24, 2024 20 min

Is Saving a Scam?

from The Money Podcast Hosted by Rob Moore

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 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

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Is Saving a Scam?

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This episode is 20 minutes long.

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This episode was published on December 24, 2024.

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