Rob Dix is a finance expert and host of The Property Podcast. His new book is called’ Seven Myths About Money: And The Truth About Finding Financial Freedom’. Rob says we can’t rely on the rules of the past to get the financial future we expect. So what should we do? Rob’s book: https://shorturl.at/btawB ✉️ Step-by-step guide to build wealth in the UK Get the free newsletter T mentioned: https://makingmoney.email/series-rob-dix-video 🤝 Improve your finances with our adviser service - book free consultation: https://makingmoney.email/financial-advisors-video 🎉Sponsors Vanta - Get your company secure and compliant, with $1k off: https://vanta.com/makingmoney Tide - Get 4.07% AER Variable for your business account: https://tide.co/offers/makingmoneyq1 MoneyWeek - Get 6 editions of quality financial journalism for free: https://moneyweek.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 - Intro 00:35 - Why the rules have changes 04:20 - Why 1971 changed everything 08:18 - Are we addicted to debt? 11:24 - Change the way you view risk 17:05 - Tide ad 18:05 - How to view your investments differently 24:52 - Does owning your home make sense? 29:22 - Do you need to budget to be good with money? 33:36 - Will retiring early actually make you happy? 38:11 - Vanta ad 39:00 - How to take control of your finances 47:14 - How much diversification do you need? 55:45 - Why we overestimate the power of compounding 59:05 - Work on earning more not investing 01:03:43 - Is property still a good long-term investment? 01:10:59 - Get a summary of the episode