The Money Podcast

Do you know what your biggest yearly expense is? Tax! In this episode, Rob shares with you three ways you can legally avoid tax to help you save yourself some money on your biggest outgoing. KEY TAKEAWAYS  When talking about tax, it’s not just income tax but many stealth taxes, on everything you buy. You are paying around 60% in tax and lots of this is hidden. Become an entrepreneur to help control what tax you pay: you pay yourself first and your tax afterwards. Running a home office is another way to manage your tax: Subsistence; owning a company, is a further way to reduce your taxes If you’re ever looking to run something as a tax expense, ask your accountant if there was an Inland Rev investigation, and if they would support you. If they would then it’s almost always acceptable. As the recession and economic crisis become worse, the government will eventually realise that they need entrepreneurs. They will start to bring back incentives and tax reliefs to help grow the economy with entrepreneurs and business owners. BEST MOMENTS  “The tax system is almost as high as it was in the 70s” “There’s still a decent amount of tax breaks” “When you buy something after tax it costs twice as much!” “Inflation is a form of tax and tax is a form of theft” VALUABLE RESOURCES http://rob.team bit.ly/Robsupporter https://robmoore.com/podbooks 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

Where do you keep your money? Listen in to this episode with Rob to hear why one of the most common ways people keep their money, in cash, is actually making them (and you!) poor and what you can do instead. KEY TAKEAWAYS  Cash money is probably the worst investment asset class. Inflation is so high right now that cash in the bank is becoming worth less and less. When there is high inflation, it’s all passed onto you, if not extra. Yet interest rates aren’t fully reflected in your savings! Greedflation is where brands are putting up prices way above inflation, which we are seeing frequently right now. The rich get richer and the poor people get poorer because the rich know that cash is a liability. BEST MOMENTS  “Savers are losers” “Whenever there’s inflation, it’s passed onto you and more” “Cash money is virtually worthless” “The poor can only store their wealth in cash money” VALUABLE RESOURCES http://rob.team bit.ly/Robsupporter https://robmoore.com/podbooks 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

A cashless society, a centralised currency, is this a good or bad thing? Rob explores both the upsides and downsides of a world without cash in this informative episode. KEY TAKEAWAYS  A cashless society would mean high speed and less friction and could help combat some forms of crime. A cashless society will hurt people who are at the lower end of the economic scale. The dollar and the pound have gone down steadily since the abolition of the gold standard, this was the beginning of the death of cash. If there’s a central digital currency, it makes it much easier for the government to take control of your money. Cash is a depreciating liability, you need to protect yourself by converting your cash into an asset that appreciates. BEST MOMENTS  “You could say there would be a cleaner economy” “Many of the working class will budget by cash” “Soaring inflation, soaring taxation, what this means is that cash is now trash” “Cash is a depreciating liability”   VALUABLE RESOURCES http://rob.team bit.ly/Robsupporter https://robmoore.com/podbooks 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

The biggest crash in history isn’t coming, it’s already here. Rob talks about when he believes the crash we are in now started, what a crash really is and means for most people as well as the tactics you need to learn and put into practice to not only survive, but thrive in this current climate. KEY TAKEAWAYS  When it comes down to it, most individuals are concerned with their spending power and this influences their thoughts on the economy. We could be in a global crash, but you could be having a personal boom and vice versa. Essentially, inflation is increasing prices and reducing your spending power. The rich don’t hold money, they hold assets and you need to do the same. Money makes you poor, assets make you rich. The crash we are in now, began in the 1970s when the U.S. began to run out of money during the Vietnam war. Interest rates should have been increasing across the past few years but the bank of England kept them artificially low, which is amplifying the crisis we are seeing now. You need to learn to manage, make and multiply money as well as build up your asset portfolio, moving away from cash as much as possible. BEST MOMENTS  “The biggest crash in history started in August 1971” “There’s a difference between YOUR economy and THE economy” “The more money goes down, the less spending power you have” “Money makes you poor, assets make you rich” “You’ve got to learn to make, manage and multiply money” VALUABLE RESOURCES http://rob.team bit.ly/Robsupporter https://robmoore.com/podbooks 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

Is a cashless society coming, if so, what does that mean and do you have reason to be worried? Rob explores these questions in this short but informative episode of the Money podcast. KEY TAKEAWAYS  A central bank and a government would seek to benefit from a cashless society, because it means they could track all money meaning they can tax you, fine you and more straight away, ultimately it gives them the most control. You can protect yourself if you diversify your wealth into decentralised places, such as assets and bitcoin. BEST MOMENTS  “All the reasons that governments and central banks would love a cashless society are probably the reasons you wouldn’t” “I stand against a cashless society, I do not comply” VALUABLE RESOURCES http://rob.team bit.ly/Robsupporter https://robmoore.com/podbooks 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

How you do anything is how you do everything and, in this episode, Rob tells you how to perfectly invest 1k! If you can invest £1000 well then you can learn from this to make bigger investments down the line so, learn the best ways you can utilise £1000. KEY TAKEAWAYS  Cash money is not an investment, savings are not an asset You want to have a mix of centralised and decentralised investments eg Stocks and Shares -vs- Bitcoin 10-20% of your wealth in gold is a secure way to invest. You also need both passive and active investments, such as Leverage knowledge because the more you learn, the more you earn and this applies just as much to investing. You can leverage your knowledge by creating a membership site business, which only takes a small investment to get started. BEST MOMENTS  “Don’t underestimate the power of investing £100 well” “It’s vital that you have minimal amounts in cash” “If a billionaire owns a crypto platform, that is not decentralised” “Leverage a bit of sweat equity, so start a business” VALUABLE RESOURCES http://rob.team bit.ly/Robsupporter https://robmoore.com/podbooks 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

What are the best side hustles to hit 100k the quickest? In this episode, Rob outlines the best business model to hit 100k with the least overheads and start-up costs. KEY TAKEAWAYS  Look at businesses that used to work, where did all the money used to be? Now put your focus away from these and look to areas that have opportunity now. The relative newness of the internet, social media etc has endless opportunities. Use the internet to leverage with a low start-up cost. It doesn’t cost you anything other than your time to sell your information whether that is via a webinar or a membership site Turn what you already know and are passionate about into income. Membership sites are the simplest and quickest way to make 100k, you just need to find your concept and audience and set it up. BEST MOMENTS  “You’ve got to look at what used to work and why it isn’t working [now]” “If you want to make 100k the quickest, where is the new opportunity?” “What are you passionate about? Do what you love and love what you do” VALUABLE RESOURCES http://rob.team bit.ly/Robsupporter https://robmoore.com/podbooks 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

Rob talks about the terrifying situation he has heard about from a friend and the impact this could have on all of us in our cash, bank and money use. KEY TAKEAWAYS  Rob’s friend had an ordeal trying to simply withdraw 20k of his own money from his bank. Most people believe that having money in a bank is safer, but this isn’t true anymore. The other pros we have been told about having money in the bank is from interest reasons and easy liquidity, but neither of these are the case anymore. The banks want to make it hard for you to take your money out because they earn on your money. Diversify where you put your money, don’t just keep it all in the bank. BEST MOMENTS  “You don’t own your money in the banks” “You’re actually losing money in the bank” “You want to make sure that you're as decentralised as possible” VALUABLE RESOURCES http://rob.team bit.ly/Robsupporter https://robmoore.com/podbooks 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

How can you invest if you have nothing up to £5k? Rob shares practical and tactical steps and tips in this episode to help you early on in your investing journey including the number one way to make money if you have no money! KEY TAKEAWAYS  This is not financial advice but Rob’s financial opinion based on his in-depth knowledge of investing. The best way to start investing is to first invest in your own knowledge and education. If you know how to then make money, you can start investing it! Your standard and what you accept are what you negotiate for yourself. You don’t get what is fair, you get what you negotiate so learn how to do it well. Free podcasts and free advice are a great way to get started. You can then start to pay for your education, for as little as 20p a day on somewhere like rob.team! Cut £200-£500 of your expenses, so around 10-15% of what you are spending. You can then invest this. When people want to buy you gifts, ask them to invest for you instead, such as audible book vouchers. Ask for useful things. Build your own social media assets; every follower could have a financial benefit to you. The number one way to make money if you don’t have any is by building a business. BEST MOMENTS  “I invest heavily myself so it’s coming from my own experience” “Invest in yourself wisely, you have the greatest return” “Remember that you are your greatest asset” “Start to manage your money better and you will have more of it” “The thing that will make you the most money with no money is a business” VALUABLE RESOURCES http://rob.team bit.ly/Robsupporter https://robmoore.com/podbooks 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

If you have 10k, what’s the best way to invest that cash? In this episode, Rob talks about the pros and cons of a variety of different ways you can invest your capital so you can decide what is the best solution for you. KEY TAKEAWAYS  This is not financial advice but Rob’s financial opinion based on his in-depth knowledge of investing. It’s important to diversify your investment, especially if this is the only cash you have. However, there is a balance to allow you to get compounding wealth so don't diversify too much. It’s important to have a mix of physical and digital assets as well as centralised and decentralised ones. 20-30% of your 10k should be in physical assets such as gold. Around 10% in bitcoin is a good way to diversify, you don’t want to risk much more than this. A percentage in stocks and shares ISAs are a good way to invest, particularly because of the tax-free element. Investing in a business will most likely give you the best return. Ideally, you want to look at around 40% of your 10k. Building a membership site is a simple and cheap way to get a great return on your investment. BEST MOMENTS  “Whenever you invest money, you ideally want to be diversified” “When it comes to investing you don’t want to be overexposed in one asset class” “Emerging markets are higher risk” “The best return you will get is on a business” VALUABLE RESOURCES http://rob.team bit.ly/Robsupporter https://robmoore.com/podbooks 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