The Money Podcast

Working on your business and not in your business is essential for growth so understanding how to hire the right staff and create the right systems is vital for your business's success. In today’s episode, Rob shares with you the four staffing strategies to implement in your business, ten important things to know about staffing and hiring and the top five sources for recruitment. If you want to become a better leader, founder, entreprneur and business owner you need to empower your employees, inspire them and motivate them to succeed. If you’re looking to build an empire and create a legacy you need to grow your business and work towards the big picture you’ve set yourself, and if you want all of this tune in today to hear how. KEY TAKEAWAYS Four staffing strategies to implement in your business. Don’t hire until everything breaks. Keep a lean overhead until your stress levels reach overwhelm. It is then when you should begin staffing-up. Hire in advance (3-6months) this means you can onboard them, train them and systemise them so they’re up to speed for when you actually need them. This is more proactive. Always be recruiting and rolling out ads on LinkedIn and recruitment websites. This will give you a contingency in your business for when staff leave or go on maternity leave. Lots of modern business outsource and use VA’s as their workforce. This can keep the costs down and the business lean. However, you might not have that buzz around the office and be able to train/impact on your staff if they’re outside or external to the business. Staffing and whether you choose to insource or outsource will depend on your business and your business values. Ten things to know about staffing and systems There are three stages to consider when working on your business.  Your own tasks, business systems and processes and staffing and hiring. It can be chaotic as an entreprneur as you’ll find yourself doing all three. The solution, to focus on leveraging and managing people to inspire and motivate them so that they will take your company to the next level. If you want to grow you have to let go. You’ve got to let your employees manage projects and allow them to thrive, whilst you won’t want to let go of the project yourself you can set them KPI’s to keep them on track. To de-risk staffing, you can manage your employees with minimum standards or performance (MSOP) ideally linked to revenue targets. In the first 1-2 years of employment, you have a lot of rights when it comes to employing staff. Your employees are intrapreneurs and not entrepreneurs so they’re not the same as you. To get clarity when hiring make sure you have clear job descriptions. This includes the company values, vision, job, role, KRA’s (Key results areas) and IGT (income generating tasks) The structure, operations, function and purpose of your business and staff roles needs to be put into an operations manual and check-list. This will make your business more dynamic, scalable and saleable. Create a good onboarding time to allow your new staff to learn the business the systems and the processes. Judge them on effort and not results and let them learn the culture of your business. There are three things proven to be more important than salary for your employees. Progression, Recognition and Autonomy (PRA) make sure you address all of these with every member of each team. An entrepreneur and a manager are different they have different pros and cons. An entreprneur creates the vision and the big picture and the manager is more organised and methodical so work out which one you are. Balance excitement with realism and you’ll have a great balance for your team. Should you hire on aptitude or attitude? Their skill-set or their mindset? You should aim for a balance of both when hiring for your business. Culture and values are important to hiring, this is the personality of your business and what makes you special. This should be prevalent in your recruiting and communicated to your staff. Top five sources for recruitment Local recruitment agencies Specific agencies (IT agencies, Sales agencies etc) LinkedIn Referrals from staff (commission based) Asking on social media (Facebook) BEST MOMENTS “Become a better leader, founder and entrepreneur and inspire people to work for you. There’s great leverage in working with people you’ll help them and you’ll help yourself.” “For most entrepreneurs, they will get busy and make money before hiring people. They will usually hire reactively.” “Always be recruiting” “People are your greatest asset” “Learn how to work on your job, not in your job.” “Every entreprneur and every business goes through a growth cycle. Every business that has one-thousand employees started with one.” “Every salesperson should bring in three times their salary” “The three most important hires are a marketing person, assistant admin, sales and an operations manager”   VALUABLE RESOURCES Rob Moore’s six month model for building a scalable and sustainable business. Module 1: Start-up Module 2: Sales Module 3: Systems & staffing Module: Survival Module 4: Scaling Module: Sustainability Rob More - Money Onlinejobs.ph Upwork.com 99designs.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

If you want to learn about the common money hang-ups and how to cure them? this episode is for you. Catch Rob Moore as he discusses nine of the most common hang-ups around money and shares with you the way you can solve them. KEY TAKEAWAYS   Common money hang-ups.   Number one; staying in a relationship, partnership or dependency because you fear not having enough money. Many people have become comfortable relying on or trapped in a partnership or relationship where they are not the main money earner. Over time, they build the belief that they can't earn their own money without the partner and they get themselves stuck. Point number two; never spending it through fear of not having it or losing it. The world will give more to a giver and money needs to flow to function fully. Sometimes you have to invest and speculate to accumulate, sometimes you have to spend a little more to attract even more. Number three; accepting low money standards. If we have low self-worth, we may accept low money standards, such as taking work that is beneath us, a salary that doesn't match our skills and experience or doing free or cheap work for other people or companies that makes no profit or worse a loss. Number four; money related extreme emotions and addictions. We tend to spend money on things we value the most and our values are often areas where we have voids in our life that we are trying to fill. Number five, association with money you inherit, borrowed or get gifted. If you come into money you didn't earn, once you have the money, you don't have the education and experience gained earning the money. People can feel a great sense of fear and responsibility managing money borrowed, gifted or inherited. Solution. The solution to these two opposing extremes associated with money you didn't earn is to act and behave as you did earn it, treat it with the utmost respect, take responsibility to learn and manage and master money. Number six; spending on others to buy their love and attention or to heal them or yourself. Many people desire to be liked or loved, we crave the attention we need the healing of ourselves through the love of others. Solution; You do other things to get people's love like acts of kindness, acts of help and support and non-material things which may have even deeper value. Point seven; if I have more others will have less. People say that the rich take from the poor and those that have vast amounts of money are depriving others of it and many people don't want to feel like they're taking from others and so unconsciously push money away from them. That’s not the case because money tends to flow from those who value at least to those who value it most. The rich get richer, despite getting taxed and generating commerce and economy the most, the reality always is that money will find its way back to those who know how to manage it, master it, create and produce and offer value in exchange for it. Number eight; not good receivers, so don't receive more. Many people are not good receivers of money. They have fierce independence and feel like they have to be in control of everything themselves and never receive any help and they may see receiving as a weakness or they may have built around receiving money from others in the form of gifts, loans, salaries and fees. Number nine; people give it all away through guilt, shame and lack of deserving. This can be in the form of charity, donations, overspending on others, lack of budgeting and emotional or addictive spending. BEST MOMENTS “If you know a partnership or relationship is wrong, do not trap yourself in it forever because you feel you have no other choice.” “Know that money is an abundant, almost infinite resource and know that you have unlimited earning potential if you know your own worth and learn to manage and master money.” “The world will give more to a giver.” “Sometimes you have to invest and speculate to accumulate, sometimes you have to spend a little more to attract even more.” “You have to give to receive.” “People often use spending to alleviate pain, whether that's retail therapy to calm or suppress emotions, or for the thrill and exhilarating experiences.” Money tends to fuel and exaggerate things and it will make you more of who you already are.” “Money tends to flow from those who value at least to those who value it most.” VALUABLE RESOURCES The Money Podcast with Rob Moore https://itunes.apple.com/gb/podcast/the-money-podcast/id1358672174?mt=2 https://www.stitcher.com/podcast/progressiveproperty/the-money-podcast https://robmoore.com/the-money-podcast/ ABOUT THE HOST Rob Moore is the author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor and property educator. Author of 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 Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979

Why settle for aiming to be a millionaire if you could just go for it and set your goal to be a billionaire? In this episode of the Money Podcast, Rob chats with Martin Fridson, a CFA and the author of “How To Be A Billionaire.” Martin’s book has been one of the top non-fiction bestsellers and has helped many people on reaching – not just getting near – their goals. Discover today how a billionaire’s mindset and personality differ from a millionaire. It’s true also that along the way, there will always be challenges, detours, and people who would definitely put your guard down. Learn how the classic and modern billionaires dealt with these so you’ll have the basis on how to face such and stay focused on becoming a billionaire. Aside from these, Rob and Martin also talk about Martin’s career and his book. When you walk the road to being a billionaire, do you wish to be greedy and capitalistic? Or do you want to be generous and philanthropic? Listen in, so you know how to balance your life, how to give back, and how to live your billionaire life to the fullest. KEY TAKEAWAYS What does a billionaire know that a millionaire doesn't yet know? "Really understanding that it is possible to achieve, that’s the most significant difference." You have to be extremely focused if you want to be a billionaire. "What comes first is the focus in business building and enterprise." Greedy and capitalist vs generous and philanthropic. Many billionaires had some issue with their dealings in their business, but once they have turned to philanthropy, they put their eyes on socially-relevant projects. For example, John D Rockefeller helped in a significant project of eradicating the hookworm disease. Three things you need to ready yourself with when you want to become a billionaire: Scale, Timing, and the ability to take rejection. Scale: Deciding on whether to make it to a national or international scale is very essential. To get into a billionaire status, you have to reach certain boundaries. Timing: The rapid growth right now is your cue to start moving to become a billionaire. Know the trends, so you know when's the right time to scale up or introduce new products & services. The personality of a billionaire: You have to have a thick skin to succeed. The downsides and upsides observed by Martin on starting billionaires: Example of a downside: People they interact with may think that they got the shorter end of a deal. Most of the time, this sparks the altercation between the parties – i.e. the individual getting sued. Upsides: Billionaires give essential contributions to the community. For example, in the restaurant industry, companies are starting to listen to the consumer demand of being provided with healthy options. A lot of companies also are at the forefront of the revolution in technology. BEST MOMENTS "There's this line of huge vision and craziness." “There are unquestionably dislocations when innovation comes along, when there's disruption, ultimately winds up better. it's important not to be cavalier about this to understand the effects of that dislocation towards solutions for those that wind up on the wrong end." "You have to have the incentive of profit to take the risk and do all the work, do all the regulation, construction and competition... and that's the reward." “I think that in many cases, they[billionaires] really feel that it’s important for everyone to have the opportunity they have. They appreciate what capitalism has made possible for them. They know that without the education they received, they wouldn’t have been able to exploit those opportunities. I think they feel a great sense of injustice that we haven’t reached the stage where everyone has the educational opportunity.” VALUABLE RESOURCES How to be a Billionaire: Proven Strategies from the Titans of Wealth by Martin Fridson The Money Podcast with Rob Moore |iTunes |Stitcher|Omny ABOUT THE GUEST Martin Fridson is a Certified Financial Adviser, a financial writer and the author of “How To Be A Billionaire”. According to the New York Times, he is “one of Wall Street’s most thoughtful and perceptive analysts”. In 2002, Martin was named the Financial Executive of the Year by the Financial Management Association International. He is also the youngest person ever inducted into the Fixed Income Analysts Society Hall of Fame. Martin Fridson Official Website Email him at ABOUT THE HOST Rob Moore is the author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor and property educator. Author of 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 Facebook Rob’s LinkedIn

The customer isn’t always right and offering discounts come with disadvantages in both the short and long-term perception or your business. In today’s episode, Rob talks about pricing your product or service accordingly and the effects it can have on your business when you price correctly for your marketplace. Tune in today to hear why exchanging products and services at a fair price will have a positive effect on your business. KEY TAKEAWAYS The potential cost of giving big discounts to your customers or even giving some things away for free is that when you give too much away or too bigger discounts or your prices are too low, you can often attract the wrong kind of clients. Don’t discount and have really low prices to attract the Kindle kind of buyers into your business who won't find value in your product but will just consume your overhead for nothing. It's a sweet kind of business because there will be some cash flow but I would not advise anyone to give big discounts because there will be no much of a profit margin. If you sell products and services, you want those customers to go to the high volume, low margin providers. What you should do. Think about the positioning of who you're trying to attract and price accordingly, up your prices probably. If you’re a coach or consultant and you're giving a lot of free advice, and you're helping a lot of people and you're feeling a bit resentful, you've got to put your prices up, you've got to put a price wall in the way to test the seriousness of your audience. When you sell your products or even books at a discounted price, people are expecting when they read that book to be made a millionaire overnight or for it to be amazing or perfect and as soon as the slightest thing isn't right for them, they're going to go and leave a massive one-star review about your product and complain about it. They're the probably the kind of people that are cheating, trying to get everything for free, trying to screw over providers, they just want to go and bitch and moan about everything. You should even up your prices by 20%, and it's not going to affect your business in any way, you're going to attract better clients who have more money, who are the right type in the right niche for you, you're going to have higher margin, therefore, you've got more money to reinvest into better products and services. You should never give discounts to products that a fee is attached to because it would not be fair for people who had already bought it at the original price before the discount, some of those customers that had bought it that way may come back to you with a lot of complaints and you may end up losing a lot of money. BEST MOMENTS “I don't want to save everyone, I don't want to help everyone and I only want to help people who want to help themselves.” “Pricing in business is a perception.” “When they pay for something at a fair price, they see the value because the value is a perception as much as it is a reality.” “Stuff that should have a big fee attached to it should have a big fee attached to it and it shouldn't ever be discounted.” “I don't think we're in an age where the customer is always right.” VALUABLE RESOURCES https://www.youtube.com/channel/UCLtKal0qTf3klDUr7JS_L9Q ABOUT THE HOST Rob Moore is the author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of 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 Facebook - https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn - https://uk.linkedin.com/in/robmoore1979 YouTube - https://www.youtube.com/channel/UCLtKal0qTf3klDUr7JS_L9Q

It’s high time you stop sulking in that corner about you being poor. Let’s admit it, we all have desired more wealth than what we have right now. In this episode of The Money Podcast, we take the first step – acknowledging the wrong things we do. Rob prepared the list of Top 10 reasons why you are poor or skint. It takes guts to admit to oneself that you have done things (and are still doing things) that let you live in this hell hole. Discover today how you can flip things around and earn more money when you tune in. KEY TAKEAWAYS What’s the difference between being skint and being poor? Skint – People who were raised in an environment where there are available resources like books and the internet to learn about money. Poor – People who don’t have the means to get their hand on resources. Top 10 Reasons You’re Skint or Poor You just don’t have the opportunity. We’re talking about people who live in the least developed countries who also have no access to clean water and our economically vulnerable. You don’t have the right financial education. It’s not your fault. Financial education isn’t really taught in schools. Money isn’t really important to you. You spend money on things that make you feel good but doesn’t really look into earning, saving, and investing more. You haven’ found the right business model. You might have a business model that doesn’t work or isn’t just perfect for you. You’re not prepared to take a risk. You have to believe in yourself that you could do more and you’re worth it. Always go for something that will benefit you more. You don’t embrace marketing. Learn about tactics that could bring you a lot of money. Sales put your products and services out there, and marketing is the inbound interest of people to your products and services. You spend more than you earn. Keep track of your expenses before it gets worse. Spend within your means. You don’t take responsibility. Stop blaming people for your own actions. Own up and take the necessary steps to get out of the sinkhole. You’re envious and jealous you’re not rich. Instead, be motivated and concentrate on how to increase your finances. Every wealthy person that Rob met has honored trait, built talents, and gain experience. You’re on the right path, you just didn’t do long enough. It takes patience and persistence to earn the target money you want. Reach that goal. BEST MOMENTS “You’ve got to take progressively more increased risks if you want to earn more money and get out of being skint and start making it.” “There’s a lot of things you can do and generate money, but virtually, the dam opener or the block on all of them is sales and marketing.” “If you spend more than you earn, you go backwards; if you earn more than you spend, you go forward.” “Even if other people are sabotaging you and your progress, you have to be responsible, otherwise you can’t control it.” VALUABLE RESOURCES https://www.amazon.co.uk/Money-Know-Learn-money-transform/dp/1473641322 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/ LinkedIn: https://uk.linkedin.com/in/robmoore1979

Sales are the lifeblood of any business, if you don't sell, you won’t make any money and if you hate selling, you can't run a business. In this episode, Rob dives into the art of sales and shares with you how you can dramatically increase sales, generate more leads and create a formula for wealth, in business and in life. KEY TAKEAWAYS Selling. Sales are the lifeblood of any business. You don't sell, you don't make any money. If you hate selling, you can't run a business.   Three ways to increase sales. Number one is to generate more leads. Generating more leads is not selling directly, it’s actually marketing. If you double the leads, you will be doing double the sales hence more money coming in your way. Marketing and generating leads can actually supersede sales, automate the selling but always monitor. The second way to dramatically increase sales is the better conversion of sales. The second way in terms of conversion is based on your selling ability. Are you good at selling? are your online assets such as your website, your checkout pages, your landing pages, your sales pages, your sales team or online engines and apps set up and optimised? All the areas of the conversion environment, your OPT in pages, your ability to sell when you're selling one too many, maybe as a public speaker, or on a webinar or doing podcasts or selling one to one in a consultative environment. Are you increasing your selling ability? The third way to increase sales is to improve your product your service your offer, the irresistible nature of your offer or the bespoke nature of your offer? Is it really what people want? Is it for modern times? Does it solve a problem? Does it make people's lives easier, faster or better? Have you revolutionized it, have you created a version two of it? Continually evolve and improve your product. Sales and marketing and how they interact. Marketing is getting people in the shop and sales are when they're in the shop selling them the products and services you have in the shop.   The formula for wealth. Wealth equals value plus fair exchange times leverage. Value is, if your product or service has high value, it should sell well. Fair exchange is, is there a good price which is a client deems to be good value, but not too cheap, it can actually not sell well if it has good value, if it’s over or underpriced. Leverage is how many customers, clients, followers, fans, how many referrals you're making, how much volume of sales you're doing, and what countries you are in.   Stages of selling. Stage one is to connect and that is to find the client, to get the attention that is to engage with them whether it's online or on the phone, it is an introduction. Stage two is the building of the rapport and forming that connection. That's the common ground. That's the rapport. That's, we're starting to like each other.’ We like the look of you, as a business person, or as a salesperson. Stage three is establishing the need. What’s the problem they have, what’s the pain they have, what’s the desire that they have, what do they want solving? Stage four is clarifying and restating that need. You confirm the need that they've said, the problem that they've got, the solution that they desire, and you restate it for clarity. Stage five then is to create the value. Create a product or solution tailored to your customers. Stage six then is to close. You've got to make the sales and you've got to ask for the money. Stage seven then is to deliver the product or service. Stage eight is asking for referrals.   BEST MOMENTS “Sales are the lifeblood of any business.” “You don't sell, you don't make any money.” “If you hate selling, you can't run a business.” “Marketing is getting people in the shop and sales are when they're in the shop selling them the products and services you have in the shop.” “If you don't like selling which a lot of people don't, then leverage or outsource it to someone else.” “The product sells itself, it doesn't, you've got to sell it but the better the product is, the easier it is to sell.” “Wealth equals value plus fair exchange times leverage.” “Objections are there to give you feedback to tell you that something is misaligned between you and the client and the offer and the need.” “If you don't risk anything, you risk everything.” VALUABLE RESOURCES https://www.amazon.co.uk/Money-Know-Learn-money-transform/dp/1473641322 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

Welcome back to another episode of the Money podcast with your host Rob Moore. In this episode, Rob talks through the steps that you need to take to ride out the next recession. There is talk of a recession in the not too distant future, the property market that might crash and of course the uncertainty over Brexit. Rob gives you the single best way to ride out the next recession whenever it might happen. Key Takeaways Single Biggest Hedge Against a Recession is to have cash. When things are going well, people think that they will always go well. There is no fear. They might overspend, and reduce their investing criteria. Then they over-correct when things do go badly. Having cash to cover running costs whilst others are going out of business is essential. Prepare and build a war chest for the next recession. As soon as a recession ends begin preparing a war chest for the next one in maybe 10 or 12 years time. War chests are not just cash, it’s your access to finance, your network, your JV. It’s your access to cash. Every asset class has a different price cycle. Don’t judge an overall economy or recession as one, look at different assets. They all have different cycles. Watches, for example, are going up in price, but other things like the London property market are decreasing. Know each cycle so you know when to sell and when to buy. You Don’t Want To Get Greedy. Save half of your profits in assets or in a bank somewhere. This will be your war chest to ride out the next recession. Ride it out when everyone else is going bust. If you do have cash then you will be able to take advantage of a recession through your purchasing power. You can then buy assets at a cheaper price. Plan your burn rate, that if you had no sales in 12 months, how much money you need to save to cover those costs. Best Moments ‘Cash rides out all difficulty.’ ‘Observe the masses and do the opposite.’ ‘Stash half your profit to build up a war chest.’ ‘Control what you can.’ 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

In this episode, Rob talks through the magic bullet to increase profit, and therefore how much money you have. Rob talks about his own journey at Progressive Property in setting up the VIP programme and shares some of the key learnings from that process. If you want to increase your profits and money this is the podcast for you. Key Takeaways Target Your Best 20% of customers. These are the clients that you want to keep. They pay regularly and are not always looking for a discount. The aim is to keep this 20% and increase that number with similar type of clients. Have A Specific Target In Your Marketing. Place in your marketing that you will only work with people who have 1-5 properties for example. This means that you will say no to others. This has to be really clear in your marketing. Put Up Your Prices. If you have sold out of things before you have made them then you are able to increase prices. This is the easiest way to increase your profit. The hardest step is taking the plunge. The Right Clients Leave. The difficult part is making the change, making the decision to increase prices. Some clients will leave but they will be the clients that you want to leave. They will make room for other clients with better spending power. You Have To Say That I’m Worth More. An easy way increase profits is to incrementally increase your prices by 5% each year for example. This is preferable to increasing your prices in one year by 70%. Best Moments ‘Your probably missing the business you don’t want.’‘All your rejected clients know that you are a future potential partner.’‘The magic bullet is to increase your prices for an easy way to increase profit.’ ‘The clients that leave make room for clients with higher spending power.’ ‘People pay based on value not on price.’ 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

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 Rob More - Money     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

Welcome back to the Money podcast. In this episode, Rob discusses teaching very young kids about money. There's a very different understanding of what to teach kids about money, depending on how old they are. It changes over time. Today, Rob focuses on ages zero to four and shares with you five basic things you can do, to bring your kids up with an awareness, knowledge and understanding of money. KEY TAKEAWAYS Five basic things you can do to give young kids a head-start in life, inspire entrepreneurship and understand the value of money and fair exchange. When counting, get them to count with money. Simple but effective, learn to count with denominations of money. Teaching the denominations of money. This is not just pounds and notes this is all currency. When ready, get them to start earning small sums of money. This is not chores, these are additional jobs that provide value. Teach them the value of working, providing value and providing solutions. Help them understand that entrepreneurship is a merit-based reward system. Weave into stories the value of money. From a young age, you can help shape their view on money. BEST MOMENTS "Spark interest in your children at a young age so that they become intrigued in learning more about money." "Expand their mind and their ability to count to improve their awareness and knowledge around money." "When you produce something of value you'll be remunerated in salary, earnings or rewards." "Whether you like the capitalist system, it's the system that's ubiquitous in all bar a few countries" "The capitalist system is the one that we use. It's a merit reward-based system that rewards those that solve meaningful problems." "The amount of hours you work doesn't dictate the amount of money you earn" VALUABLE RESOURCES Rob More - Money Matthew Syed - You Are Awesome: Find Your Confidence and Dare to be Brilliant at (Almost) Anything 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