The Money Podcast Live Radio Interview on Money, Assets, Mentors & Debt
In this episode Rob explains the fundamental approaches required to always manage money effectively. He explains how to put money into assets not liabilities and how to move to a position where you can help others.
Anyone who wants to be more, do more, have more, make more, wants to start or scale a business or have extra income and wants to learn how to do it should be listening to Rob Moore and The Disruptive Entrepreneur podcast.
KEY TAKEAWAYS
- Assets
Try to buy an asset so the income can pay off the debt. If you buy, a buy to let property, your tenant pays the rent which covers the mortgage and maintenance and you’re left with the rest to use as you like. It’s better to have the income from the assets to pay with than pay with capital.
- Preserve capital at all costs. capital attracts more capital but if you spend it before you build it you can’t attract more. There’s a selfish and selfless balance here that reflects life.
- Mentors
Your life can change with a mentor. Lots of entrepreneurs are able to make money but they can also lose money. You don’t know what you don’t know. A mentor can really alter your business journey.
- Debt
When you’re in debt its ok to focus on that and getting out of that. Once you have moved out of debt it’s about looking after your immediate family ensuring that everything you want for them is in place.
Helping Others
- Great thing about life is if you help others you get rewarded too. Writing books that help other people but that you also get paid for is an example of the selfish selfless balance.
- Helping others feels really good but you have to have made the money for yourself first to be able to do it
BEST MOMENTS
“I learnt to put money into assets not liabilities”
“Try to buy an asset so the income can pay off the debt”
“Once my net worth was 10 million it didn’t make me feel as good as helping others”
“It didn’t feel like I was giving value to people so that’s why I started my podcast The Disruptive Entrepreneur and started writing books that help people”
VALUABLE RESOURCES
ABOUT THE HOST
Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” 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