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

The Diary Of A CEO with Steven Bartlett

FlightStory

Society & Culture, Business, Education

4.6 • 13.2K Ratings

🗓️ 15 September 2025

⏱️ 133 minutes

🔗️ Recording | iTunes | RSS

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Summary

Are we falling for the biggest money traps of our generation? And what are the money habits that actually build millions? Raoul Pal, Jaspreet Singh, and Humphrey Yang reveal the truth about renting vs buying, escaping credit card debt, mastering passive income, and investing with $0! This personal finance roundtable brings 3 leading finance experts to discuss building wealth and planning for your financial future. Jaspreet Singh is an entrepreneur and founder of Minority Mindset, Raoul Pal is a former hedge fund manager and CEO of Real Vision, and Humphrey Yang is a personal finance creator and former financial advisor at Merrill Lynch. They discuss: ◼️Why saving money won’t make you rich, and what to do instead ◼️The single best skill to escape being broke in 2025 ◼️ Why renting is smarter than buying (even if you can afford to buy) ◼️ The tiny money habit that quietly builds millions over time ◼️ Why most people under 45 won’t get a pension (and what to do instead) ◼️The truth about crypto, AI and why the financial system doesn’t want you prepared (00:00) Intro(02:24) How Do I Make More Money?(05:13) Pointless Jobs That Actually Made You the Most Money(06:53) How to Visualize Your Finances(07:44) Social Pressure With Money(09:37) The Simple Money Tracking Hack(13:32) Best Form of Investing: Active or Passive?(18:34) More People Joining Crypto(21:07) Bitcoin Is Too Speculative(28:31) Stocks vs Crypto(34:01) How Would You Invest $1,000?(42:13) The S&P 500 vs the Nasdaq-100(44:14) Dollar-Cost Averaging(47:12) Remove Emotion From Financial Decisions(48:08) Should We Be Putting Everything Into Crypto?(49:36) If Crypto Isn't the Future, What Takes Its Place?(54:26) Sponsored Segment(56:24) What to Do When You're in Debt(59:43) Bankruptcy: When Should Someone Consider It?(01:02:13) What If You Don’t Want to File for Bankruptcy?(01:03:55) The Myth of Passive Income(01:05:51) How Well Can You Actually Do From Property Investments?(01:10:35) Should You Buy Rental Properties for Passive Income?(01:11:21) More People Are Renting in the US Over Buying(01:13:33) Is Property a Good Way to Build Wealth?(01:19:30) Is There Any Such Thing as Good Debt?(01:20:30) Leveraging Your Current Assets(01:26:01) Pensions and 401(k) Retirement Plans(01:41:37) Framework for Making More Money Easily(01:47:53) Keeping Your Money in a Bank Is Making You Poorer(01:51:58) What Do Rich People Know That Most Others Don’t?(01:54:41) Relationships Make Money(01:59:44) How Much Do Geographies Matter When Making Money?(02:02:30) Is the UK a Good Place to Build Wealth?(02:05:49) Closing Statements Follow Jaspreet: X: http://bit.ly/3HSFdO3 ‘Market Briefs’ newsletter:: http://bit.ly/4mWeqzr YouTube: http://bit.ly/46hbTbU Follow Raoul: X: http://bit.ly/466Fe8Q Website here: http://bit.ly/4m6Rexb You can download Raoul Pal’s 5-Year Roadmap for free here: http://bit.ly/3JQok7g You can purchase ‘The Everything Code’, here: https://amzn.to/48cJ2bk Follow Humphrey: Youtube: http://bit.ly/3KgmkoJ Instagram: http://bit.ly/4gs6kMI Website- Humphreysguide.com The Diary Of A CEO: ⬛ Join DOAC circle here - https://doaccircle.com/ ⬛ Buy The Diary Of A CEO book here - https://smarturl.it/DOACbook ⬛ The 1% Diary is back - limited time only: https://bit.ly/3YFbJbt ⬛ The Diary Of A CEO Conversation Cards (Second Edition): https://g2ul0.app.link/f31dsUttKKb ⬛ Get email updates - https://bit.ly/diary-of-a-ceo-yt ⬛ Follow Steven - https://g2ul0.app.link/gnGqL4IsKKb Sponsors:Linkedin Jobs - https://www.linkedin.com/doac Vivobarefoot - https://www.vivobarefoot.com/ Bon Charge - http://boncharge.com/diary?rfsn=8189247.228c0cb with code DIARY for 25% off Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	All of a sudden, it seems like AI is everywhere. Whether it's recommending your next series to binge
0:04.4	watch or finding fraudulent charges on your credit card, AI is here to stay. But it needs a lot of
0:09.7	speed and computing power to thrive, which means staying competitive requires an infrastructure
0:14.1	that can keep up, and one that won't see your cost spiraling out of control. Oracle Cloud
0:19.1	infrastructure is the solution with its fast,
0:21.9	hyper-secure platform that gives you everything from database management to application development
0:26.8	and AI tools. And Oracle are a sponsor of this podcast. And here's the kicker. OCI costs 50%
0:32.8	less for compute and 80% less for networking. So you're saving a ton. If you want them to help you do more
0:39.6	and spend less, then give OCI a try at oracle.com slash Bartlett. That's oracle.com
0:47.1	slash Bartlett. When I grew up, everyone said to me that to generate wealth, get a job, get money,
0:52.6	then get a mortgage. That's one of the worst pieces of advice you can give somebody. And your future self is going to 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.
1:13.8	And that's including... 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.
1:17.5	And that's including secret hack that makes people fortunes.
1:18.9	So let's talk about making more money.
1:22.0	This is the ultimate money-making masterclass.
1:24.6	As we are joined by three financial gurus. With very different opinions and methods to build future wealth.
1:28.8	So I want to talk about pensions, credit cards, renting, bad money habits, debt, passive income,
1:33.6	spending money to look rich.
1:34.7	The first, what is it that rich people know that the average person doesn't know?
1:38.9	Rich people are more disciplined and they're doing the little things that compounded to
1:42.3	use results like investing.
1:44.0	But, for example
	...

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