The Money Podcast Motivational Shame: Why You Should Earn More and How to Do It
Rob challenges societal norms about money, shame, and success in this episode. He controversially agrees with Grant Cardone's statement that earning under 400k a year is shameful, arguing that it's barely enough to provide a good life for your family. Rob talks about why shame ultimately set him on the path to better himself and why you can do the same.
KEY TAKEAWAYS
- You need to earn upwards of 400k to provide a good life for you and your family, life is expensive!
- Rob was in 50k of debt at age 26, living with his parents, and it was the shame that ultimately motivated him to change.
- We have to stop downplaying money, success is crucial for well-being, health, and legacy.
- Shame, guilt, and frustration can be powerful motivators for personal and financial growth when channelled in the right ways.
- Schools and banks don't teach the real skills needed for wealth creation, we need to give our children more financial education.
- Be "money-focused" not out of greed, but as a means to create value and have the ability to help others.
BEST MOMENTS
"Free advice is worth every penny. And just like when you're given a book for free, you don't read it. And when you download something on the internet for free, you don't, you don't read it. You don't watch it."
"Money is our universal exchange of value. Money is how you value what you give and create to the world. It's a measure of your usefulness. It's a way to get what you want. So what's wrong with being money focused?"
"To know and not to do is not to know. So do not be ashamed of wanting to make a lot of money and be ashamed that you're not living to your full potential."
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”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
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