Why do the rich get richer? It might not be for the reasons you think! Listen into this episode where Rob reveals the truth about how the rich got rich in the first place but also how they continue to increase their wealth too!
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KEY TAKEAWAYS
- The rich know the rules of money. Money flows from those who value it least to those who value it the most. Those who do not have money, usually don’t because they don’t understand money!
- The rich invest in assets and the broke spend on liabilities. Generally, the broke are consumers and the rich are producers.
- Momentum, compounding and velocity also play a part in the rich getting richer. A body in motion tends to stay in motion and a body at rest tends to stay at rest!
- Rich people do avoid tax, they have a duty to, to their business and shareholders etc.
- Leverage is one of rich people’s top tools to use. We are in the information age, the leverage age. There’s no need to work hard in the ways we did in the past, there are millions of ways to work smarter instead.
- Digital assets are a substantial way to grow your wealth. They are faster, easier and cheaper than traditional assets.
BEST MOMENTS
“Money is a universal exchange of value, a store of value and worth”
“The broke do go broke trying to look rich”
“It’s much more difficult to go from broke to rich and from rich to broke”
“I begrudge no one reducing their tax bill legitimately, morally and ethically”
“My Dad taught me work hard but I have to think, work smart”
“When you don’t know anything, go in small”
VALUABLE RESOURCES
https://robmoore.com/
bit.ly/Robsupporter
https://robmoore.com/podbooks
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979
