The Diary Of A CEO with Steven Bartlett No.1 Money Saving Experts: Do Not Buy A House! Putting Money In A Bank Makes You Poorer!
Sep 15, 2025
02:09:56
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
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit theexperienceplus.substack.com
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
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit theexperienceplus.substack.com