The Money Podcast Throwback Thursday - Doing What You Love & the Money Will Follow is Bad Advice
Join Rob today as he explains why the saying ‘just do what you love and the money will follow’ is not always the best advice. Whilst we would all love to make millions by doing things we find enjoyable such as eating or watching television, this is not a viable source of income! Discover today how managing your money correctly can set up your future, how to turn your profession into a passion and why you should invest your time in learning everything there is to know about money.
KEY TAKEAWAYS
- Just doing what you love, is not necessarily going to make you money. It is okay for billionaires to say ‘do what you love and the money will follow’ however, they most likely started out doing something that they don’t currently do. They may have spent years making no money, which many people are not in a position to do so.
- If you want enough money to live a good life, then you need to focus on getting the money that you need to live that sought after good life. You need to learn how to manage money, invest it wisely and have it compound.
- It is almost frowned upon in society to focus on money. You should do what you love and focus on money, so that you can do what you love for longer. It is not a bad thing to learn how to invest, save or grow your money.
- Learn how to manage your money. Learn what inflation, recessions and stocks are. You are never going to have a problem financially if you factor your income to what inflation does to money over time. Prepare for the next recession and work out what you need to save for each worst case scenario and you will not face financial troubles.
- If you make more money, you will end up loving what you are doing as you will find yourself consistently making more money. If you do what you love, money makes it a more of an enjoyable pastime. Your profession now becomes a passion.
BEST MOMENTS
“It is not like he is doing what he likes and making money. He is doing what he loves and making money, but not managing it very well.”
“If you are watching your money, how can you go bust when you’re making millions a month?”
“Get yourself some money management skills.”
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