The Price Of Money: How to prosper in a financial world that’s rigged against you

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Frank Bruno loves nice cars and smart suits but he’s a saver too: 'Mum wasn’t so keen on me being a boxer – until she heard what I’d earn!' You're probably going to do better in the second and third quarters of the year than you are now.' Know what's happening in your area Absolutely. Now, Rob, tell us about your experience as a landlord and the kind of lessons that you pass on to people who are aspiring to get there. If you want to move later in 2023, start looking now and when you find the right thing, buy it if you can afford it. This brilliant book offers a singularly clear, accessible and funny introduction to where our economic malaise has come from - and how understanding it can help any of us make better financial decisions. I cannot recommend it highly enough. IAIN DALE

Richard Donnell, head of the research and insight team at Zoopla believes there are many factors that have determined how the London property market has performed over the past seven years. We’ll see on the cheerful, you might get . . . there’s sort of two parts. So one is, so for the majority of the time in the past you’d be able to put money in the bank and come out ahead, so inflation would be eroding the purchasing power of your money, be earning as much and more in the bank, so you’d be getting . . . Money is created when loans are made. The amount of debt has gone way up, which means there is now loads of money, loads of debt. And it’s kind of got to a point where it’s not sustainable. You don't need even the slightest knowledge of economics to listen to this book - just a desire to understand why the world of money is working against you, and what to do about it.

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Cornerstone Press has acquired The Price of Money, a “guide to getting ahead in a world in financial turmoil,” in a five-way auction. Henry Pryor has one final word of warning for London buyers on the hunt for a bargain, however. Don't mistake the asking price for a measure of true value. Don't judge an offer with reference to the asking price. If you get more than the asking price, then it did its job well.' We have also seen a big increase in first time buyers getting help from Bank of Mum and Dad, who are looking to take advantage of flat discounts in particular.

You need an emergency fund. If you’re saving for something like a house, you don’t want to have that exposed to the markets where anything could happen over a short period of time. So I’m not saying don’t save, but I’m just saying be aware that it might feel now like your savings are doing something for you, but because inflation is higher as well, it’s kind of not. OK. Well, to return to the question that we asked at the start of the podcast, money is just a fiction that everyone has chosen to believe in. Now, with all the issues right now, Rob, in the financial system, do you think there will come a point where that faith in the financial system will be shaken or even lost?In The Price of Money, a leading investment expert explains what's changed - and what you should do now we're here. You'll learn why currencies the world over have lost 99 per cent of their value, and how to use future declines to your advantage. You'll understand how the government can produce hundreds of billions out of thin air, and which investments benefit when they do. Most importantly, you'll be shown what's coming next - and how to position yourself to gain rather than suffer. Overseas buyers are still active but there remains uncertainty and they aren't a big enough group to move the market.' What's happening to London house prices now? The best way to compare mortgage costs and find the right deal for you is to speak to a good broker. Like many parts of the UK, London prices are falling, although data points tend to vary a little when it comes to determining by how much. Buyer demand is weaker. However, whilst there are now only two buyers today rather than the five that there may have been last year the best properties are still selling well and often for more than they would have made in 2022.

Doing something else. (laughter) So that’s one. And the other is favouring boring companies. So it’s like, when money is free and everything’s going great, then all your kind of Teslas and Netflix and all those exciting companies that are maybe possibly gonna make money one day, are very attractive. When that’s not the case and we’re now in a more high-interest-rate environment and gonna stay there, but your kind of boring, kind of consumer staples, again, things people actually need, and they’re probably been trading a bit cheaper over recent years, again, going to be more appealing. So we’ve, that’s obviously a correction we’ve already seen. But what I’m saying is it, I think, is gonna stay that way because the conditions are going to remain in place. So keeping it boring both in terms of what you invest in and how you invest in it is probably a better way to go.In The Price of Money, a leading investment expert explains what’s changed – and what you should do now we’re here.You’ll learn why currencies the world over have lost 99 per cent of their value, and how to use future declines to your advantage. You’ll understand how the government can produce hundreds of billions out of thin air, and which investments benefit when they do. Most importantly, you’ll be shown what’s coming next – and how to position yourself to gain rather than suffer. Our data also confirms that the agency saw 30 per cent more homeowners wanting to put their property on the market compared to August, giving buyers a growing selection of properties to choose from.

Now, Cornerstone Press is republishing a revised and updated edition, supported by a campaign to take the book to an even wider audience. Editorial director Rowan Borchers acquired UK and Commonwealth rights from Rachel Mills at the RML agency in a two-book deal. Well, yeah, a career. And in broadcasting too. And one thing I ask everyone, Rob, who comes on the show is: what’s your earliest money memory? This is an audio transcript of the Money Clinic podcast episode: ‘Investment masterclass: ‘Money is basically a fiction’’

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It can be tempting to match what other properties in the area are on the market for, but the advice is to speak to local estate agents to ensure the house goes on the market for a price that will attract interest, rather than one that's purely speculative. Yeah, I know we did a podcast about that. I think it was our best listened to episode of last year. Now before we move on from this topic, is inflation actually good for anyone? MARKET REPORT: Burberry shares take a tumble as HSBC warns over poor outlook for luxury goods sector