The Money Podcast Ask me Anything on All Things Money
Usually, exclusively for his supporter’s programme, Rob opens the floor to his social media network and podcast listeners to tune in on everything MONEY!!! Listen in to hear a brand new Q&A from the author of “Money” himself discuss everything from investments to the law of attraction.
KEY TAKEAWAYS
- Can you attract money?
Do believe in the law of attraction, as well as the law of action. So I believe in attraction and action that creates traction. Some people are all about hard work and creating their own opportunities, whereas some people prefer to manifest. I think you can attract money by having a great product and service and understanding the concept of fair exchange.
- How to get a more positive attitude to having more money and being more receptive to welcoming it into your life?
I think by believing money is good and not having a bad association with money is important. Knowing that money can exaggerate all your good traits knowing that money can enable all the good things you want to do in the world. The more value you put out to the world the more you realise your worth. When I am feeling low, I tend to try and help other people, because then that fills me back up. Make sure you understand if there’s a market for your product and service, and making sure you get your community involved in crowdsourcing the idea. Having a positive attitude to money is realising the good in money.
- If you had thirty thousand pounds and were looking to invest it to generate a good passive return where would you look first?
A passive return if you want realistic and not risky, 5%. You might be able to get more but then you have to put work, knowledge and experience in. If you’re prepared to be a bit active, create an online service or business, leverage social media and invest some money in resources you could turn thirty thousand pounds into a hundred thousand pounds. If I am looking for really passive returns, invest it in property and it becomes passive when you begin to rent it out.
- Does the more someone watches TV correlate to the amount of money that they earn?
The problem with general questions like this is that nobody has the data set, you also don’t really know from behind the curtains and so people just make the judgment. If I was constructing an argument for this question, I would say well, it depends what you watch. If you are watching stuff about business, entrepreneurship and successful people, then I reckon that it has a direct relationship and would help you earn more. You could also get a billionaire, who watched trash TV to relax, we all need to switch off, that doesn’t make someone skint or a loser. If they spend a lot of time watching trash and that is what they have educated themselves with and they have no aspirations then TV is probably feeding that. They do say the more you learn the more you are but it depends on what you learn.
- Do you ever fear that you could lose the money that you have accumulated?
Yes, and you have to be careful not to let the fear rule you because you could make some defensive decisions that maybe aren’t that good. What made you an entrepreneur in the early days was making some risks and maybe now you're not taking the same risks because you have got things to lose. If you’re a hoarder, you won’t end up attracting too much money because you're conserving your energy. Money is energy and money is flow. You have to have the right balance between investment and saving. Speculate to accumulate, aggressive versus defensive , knowing what and when to spend and save, that is the key.
BEST MOMENTS
“Confidence and self-worth is not an absolute thing”
“Self-worth is something that you’re constantly working on just like your net worth”
“If you now the language of money, then you have a head start”
VALUABLE RESOURCES
https://robmoore.com/
ABOUT THE HOST
Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” and “The Money Podcast” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.
“If you don't risk anything, you risk everything”
CONTACT METHOD
Facebook - https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn - https://uk.linkedin.com/in/robmoore1979