Seven Myths About Money

What if everything you’ve been told about money is wrong?

Have you ever been told that cutting your spending is the key to financial freedom?
Or that only a fool would try to make money by picking stocks?
Or that buying your home is always a smart investment?

Most of us have heard these truisms from friends, from family, even from financial experts. They are held up as nuggets of timeless wisdom. There’s just one problem: none of them is true.

Over the last decade, the world of money has transformed – but the mainstream financial advice hasn’t caught up. The result: most of us are being fed money advice that will only take us further from our financial goals.

Here, a leading investor debunks seven of the most common misconceptions about money, and explains why the true path to wealth is dramatically different from what you’ve been told. Confounding and eminently practical, Seven Myths About Money sketches out a radically new route to financial freedom – one fit for the twenty-first century.

Review

This is a masterpiece. I have repeatedly found that most conventional financial advice is bang on the money - provided you were born in 1958, and started following it in 1971. But things have changed. This is the book I want my children to read. -- Rory Sutherland, author of ALCHEMY

This brilliant book doesn’t just debunk the most common misconceptions people have about money. It also reveals how to really build wealth – no luck, inherited fortune or business genius required. It’s the one-stop guide you need to transform your finances. -- Jake Humphrey, author of HIGH PERFORMANCE

A brilliant read that is equally engaging, informative and accessible. This book will make you revisit, reconsider and maybe even refresh your thinking on some of the things you always thought you knew about money and investing. -- Jack Meaning, co-author of CAN’T WE JUST PRINT MORE MONEY?

A lively take on modern money management from a gifted storyteller, filled with intriguing financial predictions. -- Claer Barrett, author of WHAT THEY DON’T TEACH YOU ABOUT MONEY

A very important book . . . All too many millions of us are sleep-walking towards a worryingly impoverished future. Reading Seven Myths About Money will go some way to helping you avoid suffering that fate. -- Andrew Craig, author of HOW TO OWN THE WORLD

About the Author

Rob Dix started investing as a hobby using his spare cash, but soon became obsessed. Over the next ten years, he would do everything he could to educate himself about the financial world - and to pass on what he learnt. It is a journey that would lead Rob to found the multi-award-winning Property Geek blog, cocreate the UK's most-downloaded investment show, The Property Podcast, and explain financial basics everywhere from the Sunday Times to the Mail on Sunday. Today, Rob is one of Britain's best-respected money experts - on a mission to teach the world about how money, the economy and investment really work.