The Money Podcast 10 Things to Remember When You Get Rich
Money can be a curse if you are not ready for it. Listen in to this episode with Rob to stop yourself from making mistakes and learn the 10 things you need to know before you get rich. If you follow these steps, then no matter how much money you make, you won’t lose it!
KEY TAKEAWAYS
- Do not tell anyone about your money. People change and expect more.
- Pay off all debts immediately, including those owed to friends and family.
- Hold onto the money as much as possible before spending and take time to learn how to manage it.
- Don’t immediately rent or buy an expensive house
- Don’t quit your job immediately
- Don’t waste money on depreciating liabilities or luxury holidays
- Do not give or lend your money to friends and family
- Don’t spoil your kids, they need to learn the value of money and be independent
- Take the time to learn how to invest
- Take your money and invest it into assets that create recurring income
BEST MOMENTS
"If you can’t manage your emotions don’t expect to be able to manage your money”
“One good solid head-down year can change everything for the rest of your life”
“They don’t know the difference between an asset and a liability”
“People change when you get money”
“The greatest gift you can give to kids is not money”
VALUABLE RESOURCES
bit.ly/Robsupporter
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
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