Money Magnet

The surprising truth about savings

Money Magnet

Show Notes

Given it’s almost impossible to save your way to financial freedom, why do parents preach to their kids the importance of saving up their money, when what’s really needed is for parents to show their kids how to invest? Keep an ear out for the explanation of a valuable Steveism about how savings are a store of wealth, not a source of wealth. See omnystudio.com/listener for privacy information.

More from Money Magnet

Feb 20, 2024

What will be your legacy - how you’ll be remembered after you are passed on? This topic is the perfect climax to the Money Magnet podcast, which concludes with an invitation to those who are wondering ‘what next?’ See omnystudio.com/listener for privacy information.

Feb 13, 2024

If giving money means less for you, what role does it play in wealth creation? The surprising answer provided might question the worth or value of giving and whether your focus is aligned with the way you make, manage and multiply your money. See omnystudio.com/listener for privacy information.

Feb 6, 2024

Beginning Part 4 of Money Magnet, Steve & Rohan discuss their experiences watching other people use money to help and hinder their personal lives and explore ideas for how people can add meaning to their money beyond simply dollars and cents. See omnystudio.com/listener for privacy information.

Jan 30, 2024

Discover the three ingredients needed to become and remain rich, together with the method for combining them so you can make the most money, in the quickest time, for the least risk and lowest aggravation. See omnystudio.com/listener for privacy information.

Jan 23, 2024

While unpacking an intriguing new saying, Rohan quizzes Steve about his 7-step ‘path to prosperity’ system for making, managing and multiplying a fortune that counts. See omnystudio.com/listener for privacy information.

See all episodes →