The Money Podcast

A few high profile people that I’ve worked with have recently said you should get rid of your cash. However I believe you should be balanced. It’s not wise to have all of you money tied up in assets however it’s also not good to have all of your money in cash. Listen to this episode of Money to find out why this is and how you can have a good balance.   KEY TAKEAWAYS Don’t take “cash is trash” at face value. Cash isn’t trash, liquidity means you can buy underpriced assets, you have protection from regular shocks and versatility to pivot and invest. If you have a lot of money tied up in cash, inflation will erode it. The return on it probably wont be very good and your money won’t be as protected as a wrapped asset. It’s important to have a percentage of your money as cash so that you are covered and prepared for any shocks. For example 25% of your profits or 10% - 15% of your sales is a sensible amount to save depending on how much you can afford. When other people get blind sided and knocked out by the recession you can buy their assets with your cash. In preparation for the recession which I believe is coming within the next 3-5 years I don’t think you should take as big of risks as before and I don’t think you should plough all of your money into assets. I find that the more cash you have, the more emotionally stable you are and the less cash you have, the more volatile you are. Cash is not trash, it just devalues quicker than assets. Saving is not for losers but it’s just if you have all cash and no assets, you’ll have slower appreciation. You can get to a certain level where it’s probably less productive to have cash.   BEST MOMENTS “Cash gives you speed.” “It’s wise to save cash.” “most companies go bust because of cash flow issues not profitability.” “Keep cash reserves in the form of savings, stocks, cash” “Managing cash and liquidity and savings is vital.”   VALUABLE RESOURCES Rob More - Money   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

In this episode of Money, Rob explains how you can leverage your time more affectively and increase your hourly wage by creating online courses. He also discusses the importance of letting things go if you choose to be a business owner because your employees will mess up and make mistakes but you, as a business owner, have to own it because at the end of the day you’ve employed them.   KEY TAKEAWAYS   Write an online course that you can sell to a vast number of clients and people. Base this on what your clients and market, who have already given you the feedback, want or need. Ensure this doesn’t undermine what you already do. There could be more than 1 course, there could be multiple. As soon as you create these your hourly rate goes up. You have to figure out how much time you should or can spend working on your online course so that you can ensure you don’t end up selling your time. You need to decide whether you want to be in the business or a business owner. Train people to do what you do then let them go through the process of either bombing or being terrible to start with but getting better and better. You have to let go to grow and not always be perfect. You must own what your employees do wrong and not say ‘I’m suffering because you fucked up’ because you employed them.   BEST MOMENTS ‘If only 1 person said to write a book, I probably would. If 100 people said to write a book I probably would.’   ‘Always react to the feedback of your market’   ‘For a business owner to properly scale you have to learn not to always be perfect.’   ‘You have to be careful of perfectionism because it can be a curse.’   VALUABLE RESOURCES Rob More - Money   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  

We all have a perception of what we think is a lot of money, it’s ingrained in us over time and affects us when we’re making decisions. So what’s your money barometer set to? What’s your true worth? In order to answer the most revealing questions around money you need to understand it, you need to master it and you need to have the money mindset. In today’s episode of The Money Podcast, author of the best-selling book ‘Money’ Rob Moore takes you live to a behind the scenes money Q&A where he answers the real questions about money, wealth and mindset you need to know.     KEY TAKEAWAYS When you work in the public sector it’s ingrained in you that you have X amount of salary and X amount of tax and to double your income it may take you 20 years to rise up the career ladder. As a result you have a pre-set money thermostat because your career salary has set your barometer for your wealth and you get stuck at that amount even when you become an entrepreneur.   You need to reset what you perceive as an amount of money. You need to adjust your mindset when it comes to money and you need to progressively increase what you ‘think’ is a lot of money and by doing this you will adjust your attitude towards money.   Money institutionalization is a fixed mindset around money that you find hard to break You need to turn scarcity into abundance and reprogramme your mind to understand the abundance of money around you. The more you earn, the more less becomes normal. Surround yourself with like-minded individuals is key to having the right money mindset because the people you hang around with you become.   Basic money management - It’s vital to create layers and levels of wealth The hardcore foundational level of wealth is your assets. Tradable, physical assets such as Gold, Watches, Diamonds, etc. Assets have agility if currency devalues Cash, savings Liquid assets such as stocks, ISA’s and bounds. These may have a low appreciation value with flexibility to exit within a few days. Less liquid assets such as property with high returns and exits of around 100 days Companies and businesses with access to dividends and payments with the flexibility to exit within around 12-18 months. Risk assets such as volatile investments and JV partnerships. Risk of no-exit at all.   BEST MOMENTS “There’s no limit on money other than the perceived limits you set yourself” “Competitors help you innovate and bring traffic to your market place, without them, there is no market place” “Don’t perceive competitors as taking your wealth, see them as compliments to your niche” “How you perceive competition needs to change. Competition is accountability, innovation, growth, and motivation” “It’s vital that you learn how to master money” “Without Tony Robins, I’d do a third less business” “It’s easier to go from 20million to 50million that it is to go from 0 to 20million”   VALUABLE RESOURCES Rob More - Money     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  

Business has sped up massively due to the internet and technology. So it’s easier to make money a lot faster than years ago. Rob discusses several ways you can make money with minimal or no money. One of the main ways you can do this is by using a variety of free social media platforms. KEY TAKEAWAYS Look at your business model and if possible have a model where all of the boxes are ticked for the new decade that we’re in. You could have a business model where there is small overhead such as Facebook supporters, Patreon, Shopify, Amazon etc… Facebook groups are really big at the moment so join all of your industry related groups and pages. Then join all of the groups and pages where your potential customers will be. Have your own Facebook group for your business, brand and niche because that could be the next big thing. Become an affiliate where you don’t have any overhead, it’s a very good business model that you don’t need money for but ensure the companies you work with align with your values. Ensure you are active and visible on all social media or at least ensure you have an account set up and visible. This is so when people search for you at least people can see you’re there and they’re all free. You could then hire a VA to do your posting for you. Have all of your files accessible by mobile so you can work from anywhere in the world. You can then work when and where you want. This is more flexible and could give you more time to leverage and be efficient. A little hack I’ve bumped into: Follow influencers on Instagram and notice the ones who comment on their posts. When they make posts, comment on their posts to try to have them notice you. You can do the same in Facebook groups. In all of these Facebook groups there are rules however a lot of these groups you can sell in, so go sell in them. You could also run ads on your podcast or gain sponsors. LinkedIn has huge reach because even if you had 1 connection, you could still reach lots of people out side of your network. Have a good payment provider, Stripe is quick and cheap. Ensure you can take money into your business quickly and easily. BEST MOMENTS ‘Money loves speed and hates friction’ ‘There are about 7 things you should think about in starting a new business model’. ‘The sooner you start; the sooner you will grow’. ‘Once your social media is all set up and you’ve grown your following, you can monetise it.’ ‘Don’t be a troll but challenge their views’ ‘Starting at the beginning should be a reason not to do something.’ ‘Every master was once a disaster, every tree was once a seed.’ VALUABLE RESOURCES Progressive Property The Money Podcast iTunes | Omny 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 a 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 METHODS Facebook: https://www.facebook.com/robmooreprogressive/ LinkedIn: https://uk.linkedin.com/in/robmoore1979  

Why build your personal brand? Your personal brand is a separate asset to the business or investing assets that you may have. So, having a vast personal brand can give you additional income streams. But it’s not just increasing our wealth, more importantly, you reach more people. Rob has 16K+ subscribed to his premium content on Facebook alone. Imagine how many had he influenced already. Well, you can also do the same thing and have as great or even greater benefits. All you got to do is to build it. In this episode of The Money Podcast, Rob teaches you how you can brand and market yourself. Among different topics, he shares strategies on how we can make use of the social media platforms, which are mostly free. We’ve all got personal brand. you just have to find and believe in it, so you can monetise it. KEY TAKEAWAYS What’s unique about you? Your uniqueness might manifest from your skills, accreditation, style, manner, interests, or experience. For Rob, he enjoys mixing his artsy side with his business prowess. He’s into heavy metal so the guitar riffs in the podcast intro is noticeable. What words and values could you own? What do you stand for and what do you stand against? They don’t have to be political; it could be professional and business-related. What is marketable about you? For Rob, he’s here to disrupt, not to impress anyone. If it will challenge your mind, principles, and goals for the better, then it’s a great content. How do you solve people’s problems? Your brand can be built around the specifics of the service you are offering. This might be the most obvious and easiest approach. Be true to yourself. Don’t oversell and exaggerate things. You can only manifest what you can only provide to a group of people. And, if some are not satisfied with what they see, move along. Focus on giving value to people who need and appreciate it. Know how to handle criticisms—Approach them professionally, not emotionally. It’s a consequence that comes with being a recognised brand, especially in social media. Personal Brand vs Business Brand. Distinguish beforehand what you’ll be posting on your personal and business social media account. This ensures not just your security and privacy, but also your loved ones. Tip: You can select who only sees a certain content when you post it. Apply the 70-20-10 rule when managing your social media accounts. The 70% of your content should be posted on your main account, 20% on the next one, and 10% on the rest. You can also put a link of your primary account on the secondary accounts. BEST MOMENTS “Facts tell and stories sell.” “To package yourself is your personal brand.” “You cannot be all things to all people.” VALUABLE RESOURCES Progressive Property The Money Podcast iTunes | Omny 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 a 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 METHODS Facebook: https://www.facebook.com/robmooreprogressive/ LinkedIn: https://uk.linkedin.com/in/robmoore1979

Although this is an episode for everyone, this is more specifically aimed at these who are not the main breadwinner of the household. Rob explains affective techniques that you could use to insure you are financially independent if you’re not already. KEY TAKEAWAYS Financial independence is a more about the independence rather than finance. For example, if you were left on your all on your own, you would be able to survive and strive without having to work or sell. Even if you’re in a really happy marriage and feel like you’ve got a great team around you I would still highly recommend taking some provision to look after yourself. Ensure you have capital reserves for just yourself, ISA’s are good for this. Build assets that produce income that could be intellectual property. E.g. books, property, business. Have your own independent business that brings income. This could be Ecommerce or art or whatever you’re good at that can bring in money just for you. Have a will and ensure you prepare for any eventualities. Insure yourself so that if things do go wrong then you’re not completely left with nothing. BEST MOMENTS ‘You need your own bank accounts, you need your own capital and savings’ ‘You never know what could happen’ ‘Have income coming in regardless of your capacity to work’ ‘Make sure you have limited outgoings’ ‘Are you secure independently?’ VALUABLE RESOURCES https://robmoore.com/ Progressive Property Routine = Results by Rob Moore   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 a 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 Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979

A problem that Rob is frequently noticing with other businesses founders is that they don’t pay themselves until their business reaches a certain amount of profit. In this episode Rob explains how this can be a bad way to grow your business and how you can change your strategy so that you can sustain yourself and grow your business in a more efficient way. KEY TAKEAWAYS You should reinvest a lot of your profit back into your business to continually grow your business. You don’t need to wait a long time until you pay yourself using your business; I believe you should start drawing money very very quickly. Teach your business and yourself that there’s reward for hard work and effort. A company would pay you less for your business if it wasn’t paying you a market salary. Work out a percentage of the profit that you would withdraw from your business and keep withdrawing that amount, reinvest the rest. If you keep paying yourself the same percentage every month, you’re teaching your business to be able to sustain you without any major shock. BEST MOMENTS ‘A business isn’t a true business unless it can properly pay its true founders.’ ‘You should teach yourself and the business to pay you frequently.’ ‘Pay yourself first. The purpose of business is profit.’ ‘Take risks for the outcome of making profit.’ ‘You’re allowed to make money.’VALUABLE RESOURCES https://robmoore.com/ Progressive Property Routine = Results by Rob Moore   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 a 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 Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979

Have you been brainwashed into thinking of selling as dirty and desperate? Is the first thing you think of when you hear ‘Salesman’ a sleazy individual in a cheap suit trying to flog you something you don’t want? In this episode of The MONEY Podcast, Rob explains why it’s so important to stand out and be creative with your selling techniques if you want to succeed.    KEY TAKEAWAYS  When selling, you should present to your client an opportunity to buy something they really want instead of forcing something they don’t want down their throat like broken glass.   To be good at selling, you must be the opposite of the perception people have of a salesperson.   Put yourself out there. Get yourself noticed and get attention. Have good quality products with a good promise and with a fair exchange price mechanism.   Find out and discover a person’s needs, wants and desires, even their fears. This will allow you to package your product around their values. Have a fair exchange, over deliver, go the extra mile for that customer. This will cause repeat business with that customer and they will refer you to their friends and family. It’s a win-win.    BEST MOMENTS  ‘If nobody sold anything, the world wouldn’t spin’ ‘Nobody likes to be sold to but, everyone likes to buy’ ‘It’s not just your belief in your products that sells, it’s your belief in you!’ ‘If you don’t believe in yourself, then why should anyone else’  VALUABLE RESOURCES  https://robmoore.com/  Progressive Property  Routine = Results by Rob Moore    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 a 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  Rob’s official website: https://robmoore.com/  Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs  LinkedIn: https://uk.linkedin.com/in/robmoore1979 

In this episode of The Money Podcast, Rob explains how to you can grow your start-up or scale-up without the benefit of having lots of money or backing behind you to begin with. You can use your own characteristics, experiences and human traits to network with others to get ahead in business, all of these do not cost any money. Some investors are not looking for people with lots of money and experience, they want someone with a strong work ethic, good at solving problems, lots of energy, trustworthy etc.    KEY TAKEAWAYS  Friends & Family. Some say it is not a good idea to mix family & business, which can be the case with large companies but when you’re first starting up, your family or close friends will usually be willing to help you with admin tasks or helping out from time to time.   Contra deals or Swaps. You can exchange your personal experiences or services with others without the exchange of money to help each other out so both parties benefit.  Leveraging Social Media. Social Media is free and great way to target millions of people without spending a penny, try joining groups & pages, connect & network with other people in your niche to get your story out there.   Ask for referrals. Don’t be afraid to ask your existing clients if they know anybody who might also be interested, people tend to be friends with people similar to themselves.   Build a proper referral program. Start an ambassador program for your company to gain leads. People are willing to bring new clients to your business for a share of the profits or even discounts codes they can use on your products. This can be the cheapest form of marketing to gain the best quality clients.   Go to industry events. Get yourself out there to meet people and network with potential new clients. You’ll never gain new opportunities sat in your house like a hermit.   Collaboration / Joint Ventures. People and companies larger than you may want to work with you to promote you or your products if you are the new kid on the block and willing to pay them good money. If you can’t pay them up front, pay them at the back end of the sale through commission.     BEST MOMENTS  ‘Every master was once a disaster, every winner was once a beginner’  ‘Why are you complaining about being able to reach thousands of people for free at the speed of light?’  ‘I believe in multiple streams of leads and multiple streams of income’   ‘Get help from friends and family until you can afford to get staff’  ‘You could build a $100,000,000 business on all social media channels’  VALUABLE RESOURCES  https://robmoore.com/  Progressive Property  Routine = Results by Rob Moore    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 a 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  Rob’s official website: https://robmoore.com/  Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs  LinkedIn: https://uk.linkedin.com/in/robmoore1979 

Anyone can be rich. You just have the mental (and physical) capacity plus the determination to make it happen. In this episode of the Money Podcast, Rob gets interviewed by Charles Kelly, a former IFA and the host of the Money Tips Podcast. Discover some useful tips on how Rob grew his wealth and built his own legacy from nothing at all. From having a routine to networking to scaling up your business, there won’t be anything amiss to discuss today. They also talk about the future of podcasting and the property industry. And, if you’re curious how Rob and his long-time business partner Mark Homer met, then tune in. Rob and Mark successfully brought about a brand merge of their companies lately. There will surely be a takeaway for aspiring entrepreneurs out there from this discussion. KEY TAKEAWAYS Scheduling and having a routine help you get the freedom you want. It’s a paradox we must live through. We need to secure first the stuff you need to survive, to grow, to prepare for the future, etc, so you can also enjoy your freedom. In just over a year, Rob got out of debt and reached six figures. It wasn’t easy at first. He shares that it was difficult to gain back the confidence after the mishaps and a series of failures. When he met Mark Homer and started a partnership with him, everything started to fall into its place—Mark had the financial resources and Rob always had the passion and determination. Networking is a fundamental skill for entrepreneurs. Rob met Mark at a networking event. If he hadn’t met him that day and contacted him after the event, then nothing abundant would’ve sprouted. What are the similar traits of millionaires and billionaires alike? The desire for scale, the desire to serve a vast amount of people, and the desire to give more value. Property will remain fundamental after decades and decades, according to Rob. Though the property market won’t always be stable, property investing will always be valuable. BEST MOMENTS “Leverage is having people around you that can organise you.” “Once you start to search, you start to find.” “It’s partly about the money, and partly about the good work and giving good value.” “If you want to do a podcast, you should do it. You should not worry if the market is saturated, or it’s the wrong time. The right time for you is now.” “Some business models thrive; some business models die. That’s how it works.” VALUABLE RESOURCES Progressive Property Routine = Results by Rob Moore moneytipsdaily.com The Money Podcast iTunes | Omny ABOUT THE GUEST HOST Charles Kelly is a former IFA, the author of Yes, Money Can Buy You Happiness, and the host of the Money Tips Podcast. Charles spent 25 years in financial services working for banks and insurance companies. charles@charleskelly.net moneytipsdaily.com http://bit.ly/2MoneyBook 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 a 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 METHODS Facebook: https://www.facebook.com/robmooreprogressive/ LinkedIn: https://uk.linkedin.com/in/robmoore1979