Have you ever wondered where all the money goes to during a recession? Well discover today how money doesn’t just disappear, it changes its flow and direction. Learn today how people's spending habits change based on value and utility and how you and how you can utilise the new flow of money to your advantage during lockdown and beyond.
KEY TAKEAWAYS
- During a recession, money does not simply disappear but the flow of money changes. For money to serve its function it must flow therefore money moves from one source to another based on people's needs and what is available at that time. Money flow stops when the value and the utility disappears.
- If you have struggled during the lockdown, you need to think ‘where was the utility and value?’ ‘Why has that gone and how can I recreate it?’ Adapt your lifestyle habits and business habits to go with the new direction of the money flow.
- Wealth equals ‘Value + Fair Exchange X Leverage. Value is about adding something (a product or service) of value into the world, fair exchange is the sweet spot between profit margins and value to the consumer.
- During the lockdown, people's needs and values have changed You have just got to see the new opportunity. What you need to think about during this lockdown, is ‘Where is that money flow correction?’ As well as thinking beyond the lockdown and trying to pivot your business model into an opening up and selling what people will likely want and need.
BEST MOMENTS
‘Every ten or so years there is likely to be a mass correction in money movement.’
“Money always flows Tarim those who value it least, to those who value it the most.”
“The benefit of the lockdown is that it forces you to see where the money was flowing and changing.”
VALUABLE RESOURCES
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