The Money Podcast Never Give Money to These 3 People
There are 3 people you should never give your money to! Join Rob in this episode as he reveals who they are and why it would be a financial disaster to give or lend your money to them. He also talks about the red flags to look out for before going into business with someone as well as the investment strategies to avoid.
KEY TAKEAWAYS
- The three people you should never give your money to are the government, the homeless and friends and family
- Premium bonds give virtually no return.
- The homeless should be supported and helped but this doesn’t happen by giving them cash.
- Relationships can be destroyed by giving and lending money to family and friends.
- Don’t give people money who are in debt, it might feel like you are helping them but the past generally dictates the future.
- To learn how to stop making money mistakes and turn around your financial situation join rob.team
- Digital investment can be a good way to create recurring income.
- Rob likes assets that the government can't take from you and that are relatively safe and secure.
BEST MOMENTS
“Who knows how solvent the government are, be careful with your money and avoid all these schemes and scams”
“If you give money to friends and family, or lend money, then you’re at risk of ruining that relationship”
“You should give them the ability to earn money”
“I would not invest in most cryptos, I wouldn’t invest in premium bonds, I wouldn’t buy lottery tricks and gamble”
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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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