Most People Don't Understand What Money Actually Is

How To Own The World’ was probably the biggest influence on me getting into investing. Its author, Andrew Craig, has now released a new edition tailored for readers under 30 (https://amzn.eu/d/4QqRHdJ).  💬 Do you have a money story you'd like to share on the podcast? ⁠https://makingmoney.email/listener-story-form 🤝 Want 1:1 financial help from us? Answer a few questions to find the right service & book free call: ⁠⁠⁠https://getmost.typeform.com/pod-episodes⁠⁠⁠ ❓Survey - how are you saving for your future? ⁠⁠⁠https://makingmoney.email/survey⁠⁠⁠ 🎉 Sponsors Vanta - Get your company secure and compliant: ⁠⁠⁠⁠https://vanta.com/makingmoney⁠⁠⁠ Xero accountancy software - get 90% off for 6 months: ⁠⁠⁠https://referrals.xero.com/makingmoney ⁠ – If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00 - The Power of Compounding 06:47 - The One Rule For Investing  10:59 - Wealth And Money 16:06 - Vanta ad 17:17 - Capitalism And Prosperity 23:21 - Index Funds  31:18 - TaxZap ad 32:34 - Saving the UK Economy 43:06 - Wealth Inequality 51:13 - Wealth And Value  54:57 - Tax Wealth or Work? 58:35 - What You Should Know at 25