Saving money will never make you rich, you have to invest your way to wealth.

It's wise to be contrarian with your investments, and as a former artist, I know that art is an outstanding asset class.

Masterworks is the first platform where you can invest in masterpieces by legends like Picasso and Banksy without spending millions.

Already this year, Masterworks has paid out net annualised returns of 10, 17 and 35%.

Masterworks latest exit delivered in annualised net return of 77.3%.

So you can see why Masterworks has 780,000 plus users, but my listeners can skip Masterworks waiting list right away.

Just go to masterworks.art forward slash disruptors. That's masterworks.art forward slash disruptors.

And a massive thank you to Masterworks for sponsoring this episode.

Is all debt bad?

Right now we're in a cost of living crisis where inflation is so high and spending power is so low that people are getting more into debt.

There is now fuel and food poverty. People are having to choose between heating and eating, and this is a reality.

Now Dave Ramsey, the American money mentor says that all debt is bad and that debt is dumb.

Let me say that again. He says all debt is bad and debt is dumb. He is wrong.

All debt is not bad and all debt is not dumb. You just have to know which debt is dumb and which debt is smart.

So for example, let's say you say all debt is dumb. Therefore I'm going to keep my cash in the bank.

Well inflation is 10% plus it's more in reality and the banks are giving you less than 1% interest and the banks are printing trillions of pounds in quantitative easing.

Therefore your money is going down by more than 10% a year.

So actually having cash is dumb unless you want to lose 10% a year of course.

But if you took your cash and used it as leverage and gained good debt to say by property investment, then that is smart.

So do you know the difference between good debt and bad debt? That's a question for you. Let me know in the comments.

So bad debt is spending money. Sometimes money you don't have on depreciating liabilities on things that go down in value.

Things that cost you money every month. Good debt is money or leverage or resources you put into assets that appreciate in value that go up in value.

...