The Money Podcast What Kids Should Be Taught At School! Mastering Money and Business Skills with Maxwell Morley
Rob Moore interviews 9-year-old entrepreneur Maxwell Morley, who shares his passion for making money at a young age. Rob offers valuable advice on starting a business, growing wealth, and learning essential financial skills not taught in school. This episode is a must-listen for anyone, young or old, looking to kickstart their entrepreneurial journey and secure a successful financial future.
KEY TAKEAWAYS
- Start a business by focusing on what you love and finding ways to monetise your skills, such as selling your artwork or creating engaging social media content.
- Grow your money by investing in the stock market or property, rather than simply saving, as inflation can decrease the value of money over time.
- Learn from successful people who have achieved the kind of wealth you aspire to, as they can teach you valuable lessons that aren't taught in school.
- Define your financial goals and price your products or services accordingly, taking into account the time and effort required to create them.
- Be cautious of get-rich-quick schemes and instead follow authentic, successful individuals who have proven their expertise over time.
- Start your business as soon as possible, even if you don't have all the answers, as taking action is key to making progress towards your goals.
- Seek help and support from your parents or trusted adults when starting your entrepreneurial journey, as they can provide valuable guidance and assistance.
BEST MOMENTS
"So, if someone's young like you, and you want to start a business, the first thing is you've got to think about what you like."
"Saving is really, the purpose of saving is to stop you spending it and wasting it. As soon as you've spent it, you've got it. As soon as you've saved it, you've got to invest it."
"The quickest way to get rich is find someone who's rich and learn from them."
"So, to be successful, a big part of it is just starting. Like, you don't know everything now, but I don't know everything either."
VALUABLE RESOURCES
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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”
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