The Money Podcast

In this episode of The Money Podcast, Rob lays out the Dos and Don’ts of choosing an income stream that’s right for you and will be sustainable in the long-term. Rob argues against chasing after fads and what seems like it’s working for other people and instead advises knowing what works best with your specific expertise level and resources, as well as leveraging and building off of something you’re already doing.   Key Takeaways:   Things that are NOT a solid foundation for choosing a sustainable revenue stream:   What you think will make you money the fastest. It’s not sustainable and there is no actual “get rich quick” strategy that works for everyone.   Something that you hate but will try to do for a little while to make enough money to do something you like. If you don’t really like it, you’re not going to commit and put in your full effort, and so you might not end up making income at all.   What you perceive others are making a lot of money doing. Just because you see other people successfully making money a certain way doesn’t mean it will necessarily work as well for you, especially if the correct criteria hasn’t been met.   Things based on passing fads, which might possibly make you money in the short-term, but are not viable for any long-term sustainability.   Something new. If you’re running through different income streams and starting new things again and again because you think a new one will be different, the issue might not be with the income stream, but with yourself and your strategy.   Things that ARE a solid foundation for choosing a sustainable revenue stream:   Something you love to do. You’ll monetize it, you’ll figure out how to make it work, and your love for this thing will help you to overcome whatever challenges or obstacles you might encounter while pursuing it.   Something you would love to do for a long time. Remember to try not to think short-term, but instead if this thing is something you could see yourself happily doing for years or even decades to come.   Something you would love to learn to do. When choosing an income stream, you don’t necessarily have to be an expert in every aspect of it, but you do need to be ready to learn all about it, and actually want to.   Something you are already good at. Take something you know you’re already are good at and figure out how you could transmute these skills to be useful in your new income stream.   What you already do, but more of it. Instead of burning yourself out trying to do too many different income streams, just focus on the ones you already have and making them better, more efficient, and more profitable.   Something that leverages and builds on what you’re already doing. Rather than starting from square one, choose an income stream that builds off of time, resources, or skills that you have already invested into a current income stream.   What works best for YOU. Instead of comparing yourself or what you’re doing to others and what’s worked for them, pick an income stream that works with your experience level, as well as finances, time, manpower, and more, that you have available.   Something that merges passion and profession. Choose something that you already love to do and see if it is something you could potentially make money doing. A good way to know that it’s something you really love is recognizing how many challenges you’re willing to overcome to make it successful.   Something that has longevity and sustainability for you and the market. While you can’t predict the future, you can use common sense and what you know about yourself to choose an income stream with staying power.   Best Moments:   “Don’t just choose something because you perceive it’s the quickest because that could end up being the slowest or not happen for you at all.”   “Don’t get into something just because the herd is and you see it”   “Think ‘what could I love to do for a decade? Or a lifetime?’”   “You’re assuming you’ve got to do something new, but often you’ve just got to look at what you’re already doing it and do it 20% better.”   “You can really sabotage your own progress by being impatient.”   Valuable Resources: https://robmoore.com/ https://robmoore.com/podcast/ The Disruptive Entrepreneur Podcast - https://itunes.apple.com/gb/podcast/the-disruptive-entrepreneur/id1076679649?mt=2 Money: Know More, Make More, Give More - https://www.amazon.co.uk/Money-Know-More-Make-Give/dp/1473641322/ref=sr_1_1?s=books&ie=UTF8&qid=1530197747&sr=1-1&refnements=p_27%3ARob+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 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 Rob: Facebook - https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn - https://uk.linkedin.com/in/robmoore1979  

Robs latest book is finally live, available on preorder on audbile now. In this bonus short, Rob discusses his new book, its content and some very special bonuses for early buyers.

In this episode of The Money Podcast, Rob discusses what it means to spend your money wisely. In this case, it means understanding that more expensive doesn’t always mean better while also knowing that paying for higher-quality products can often save you money because they’ll last longer. Rob also points out the benefits of investing in high-quality material items as tangible assets so that you can enjoy your money while allowing it to appreciate in value in the form of a watch, classic car or work of art. But most importantly: Before buying anything, always do your research!   Key Takeaways:   It is important, especially in the business of investing in things like property or other material items, to understand that expensive is not inherently better.   However, that doesn’t mean buying the cheapest option is always right either, especially if you end up spending just as much if not more money on maintenance, repairs, and upkeep.   What’s most important is looking for good quality, and the price point for that is going to vary depending on the actual thing you are looking to buy.   You want to enjoy your money but not waste it, and so putting your money in material items that you know from researching will appreciate in value (watches, art, classic cars), gives you the enjoyment aspect of a physical item while also making a good investment. These items also give you the ability to move money during times of economic change.   This philosophy can also extend to everyday things like clothing. A jacket that costs 100 pounds and lasts for one year before falling part is not money saved when compared to a 400-pound jacket that lasts for eight years, essentially costing 50 pounds a year.   Quality over quantity is a smart way to buy things you like without killing your capital. Only buy things you know you will want to use for a very long time and will last a very long time. This creates a positive feedback loop because since you’re buying fewer things, you can buy more high-quality, expensive things, and because they are high-quality, they’re going to last longer.   The best way to determine the difference between a good, high-quality product or investment as opposed to one that’s just expensive? Research! Take the time to learn about what you’re buying and then it will also make researching a quicker and easier process next time.   But beware false economies! It is possible to over-analyze and over-research and essentially spend ten hours trying to save five pounds. If something costs a little more but will ultimately save you enough time or provide you with enough convenience it can pay for itself in time saved.   Best Moments:   “It’s not just about blindly spending more or blindly spending less, you’ve got to do your research.”   “It’s worth putting your money into a material item that doesn’t depreciate”   “Strategically, I think it’s good to buy less but better quality.”   “Remember that price and value are very different.”   “Poor people spend a lot of time trying to make money and rich people spend a lot of money trying to save and make time.”     Valuable Resources: https://robmoore.com/ https://robmoore.com/podcast/ The Disruptive Entrepreneur Podcast - https://itunes.apple.com/gb/podcast/the-disruptive-entrepreneur/id1076679649?mt=2 Money: Know More, Make More, Give More - https://www.amazon.co.uk/Money-Know-More-Make-Give/dp/1473641322/ref=sr_1_1?s=books&ie=UTF8&qid=1530197747&sr=1-1&refnements=p_27%3ARob+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 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 Rob: Facebook - https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn - https://uk.linkedin.com/in/robmoore1979  

Episode Description: In this episode of The Money Podcast, Rob provides a simple but effective strategy for ensuring that you’re spending more time doing the things you love and are good at while also making sure the tasks that need to get done are taken care of, whether it’s by a partner, outsourcer, staff member or assistant. Rob also emphasizes the importance of accountability and a clear understanding of job roles. Finally, he advises that it’s important to keep a healthy separation between your business and the rest of your life, even (especially) if your business partner is also your life partner. Key Takeaways: Effective strategies for leveraging, outsourcing, and delegating to get things done and avoid wasted time and unaccounted for work are often much simpler than you think. Get two sheets of paper and on the first one, write down everything in your business that needs to get done, from the top down. Separate the second sheet into two sections, “me” and “not me,” where “not me” can mean your business partner, assistant, outsourcer, etc. Take the big, general list of tasks and move the ones into the “me” column that: Are things you love to do Are things that make the most money in the shortest Are key result areas for your business Are things you have to do because of the massive benefit they have on your business and there’s no one else who can do them. This is even more useful if you have a business partner. Instead of both of you avoiding tasks neither of you wants to do and getting in each other’s way and creating more problems by both of you trying to do the same things, create that same task list with separate columns and negotiate and figure out exactly who is responsible for what task. This creates accountability and a template to refer back to when clarity is needed. This is more useful still if your business partner is also your life partner. It creates a clear and obvious line that separates your business life from your love life and keeps your life with your partner from becoming overwhelmed by the business. It’s important to have solid lines and limitations that separate your business life from your non-working life, in general. Being social and close with your regular business partner is good, but you need a break from each other too, just to detox and keep from being too much in each other’s lives.   Best Moments: “Sometimes the most simple strategies are the most effective.” “No two tasks have the same output. You could spend three hours on a piece of admin or you can spend five minutes on the phone doing a deal worth ten thousand or a hundred thousand pounds.” “It’s not about time or energy. It’s about smarts, and decisions, and leverage!” “Your life partnership is more important than your business partnership because if the life partnership goes, the business partnership is probably gone.”   Valuable Resources: https://robmoore.com/ https://robmoore.com/podcast/ The Disruptive Entrepreneur Podcast - https://itunes.apple.com/gb/podcast/the-disruptive-entrepreneur/id1076679649?mt=2 Money: Know More, Make More, Give More - https://www.amazon.co.uk/Money-Know-More-Make-Give/dp/1473641322/ref=sr_1_1?s=books&ie=UTF8&qid=1530197747&sr=1-1&refnements=p_27%3ARob+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 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 Rob: Facebook - https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn - https://uk.linkedin.com/in/robmoore1979  

Episode Description: In this episode of The Money Podcast, Rob takes a quick moment to turn how he’s dreading recording the audio for his new book, Start Now, Get Perfect Later, into a crash course on the paradox of choosing to do what you love or what makes you money, and that it IS possible to do both - if you’re willing to put the work in!  Key Takeaways:   You can do what you love and also make money at it if you’re realistic and make sure to focus enough on the business side of what it is you’re doing.   But understand that not everything you love is going to make you money.   So think of what things you love that do have the potential to be monetized.   You still probably won’t make money right off the bat, but it’s worth working at and sticking with.   Even if you are doing what you love, there will still be parts of it that you don’t want to do. Some of these things can be outsourced, but you’ll always have to do the most important things yourself.   Best Moments:   “But man up, Rob, for goodness sake, and go do it, because it makes a difference!” “So what could I love the most, that’s also monetizable?” “Don’t just hustle for the sake of it.” Valuable Resources: https://robmoore.com/ https://robmoore.com/podcast/ The Disruptive Entrepreneur Podcast - https://itunes.apple.com/gb/podcast/the-disruptive-entrepreneur/id1076679649?mt=2 Money: Know More, Make More, Give More - https://www.amazon.co.uk/Money-Know-More-Make-Give/dp/1473641322/ref=sr_1_1?s=books&ie=UTF8&qid=1530197747&sr=1-1&refnements=p_27%3ARob+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 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 Rob: Facebook - https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn - https://uk.linkedin.com/in/robmoore1979

DESCRIPTIONYou only live once! But that doesn’t mean that you will mindlessly and irresponsibly spend your moneyall your life. The smartest way to live is to budget, preserve capital, invest, and to save for future needs,emergencies, and escapades.On this episode of The Money Podcast, Rob shares how to avoid spending beyond your means, how todeviate from bad spending habits, and how to spend but at the same time, invest and save money. Withhis tips, your habits, addiction, needs, are taken into full consideration, so you don’t have to worry. Yougot to be smart to live your (only) life to the fullest!KEY TAKEAWAYS You’re not tracking how much you spend. If you track your money and you budget, it’s difficultto spend more than you earn. With any kind of planning – money budgeting or doing your to-do list, the best thing to do isplan before. Better plan what you’re going to do on Thursday on a Wednesday night. In thisway, you can happily end your Wednesday. And, if you plan on Thursday itself, there’s aprobability that you might get suck by the emergencies. Understand emotionally why you’re spending more than you’re earning. Am I spending onemotional purchases? Am I spending in order to look good for someone else? Have a level ofself-awareness. The cure is to fill your voids another way. For Rob, writing books and making podcasts thensharing it to the world is filling the void. What could you replace these buying things you don’t need with to meet the same need?Sometimes, we want to show off. That’s fine. We just don’t need to survive. We want to feelimportant, worthy, praised, etc. We can get those needs met without spending money. It’sbetter to spend money as a reward to yourself, not because of addiction. Set a specific goal. You can buy some opulent things but they are always targeted on dividendsand drawings of company. There are expensive stuffs (e.g. watch) that you buy and at the sametime meet your need that go up in value. You got your needs, the praises, and the addiction metyet it doesn’t erode the capital. Preserving capital, falling yourself into thinking you’re spending but you’re actually investingand saving. Commit to learning how to buy a £40000 car that doesn’t go down. It’s a fun gameto play and learn about managing money, preserving capital, buying appreciating assets ratherthan depreciating liabilities.BEST MOMENTS “The only way you’d be spending more than you own is being emotional rather not knowing.” “Our brain is chemically wired to shorten the time it makes decisions by making things habitual.We’re wired to be addicted to dopamine, etc. Find a new way for your addiction.” “We all need to feel important. Otherwise, what’s the point of living?”  “The sweetest prize is the one we worked the hardest for.”VALUABLE RESOURCES Low-Cost High Life: Live an Affordable Life of Luxury by Mark Homer Uncommon Sense: The Popular Misconceptions Of Business, Investing And Finance And How ToProfit By Going Against The Tide by Mark Homer Money: Know More, Make More, Give More: Learn How To Make More Money And TransformYour Life by Rob MooreABOUT THE HOSTRob 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 global bestseller “Life Leverage” Hostof UK’s No.1 business podcast “The Disruptive Entrepreneur”“If you don't risk anything, you risk everything”CONTACT METHOD Facebook LinkedIn

Life is too precious to be wasting it on unnecessary and wasteful stuff! Start living a meaningful life and stop being distracted. On today’s episode, Rob enumerates the 8 wealth-draining distractions you should stop now. It’s high time you utilize time and energy, invest them somewhere else that makes money or something you love, and live your life to the fullest. Listen to Rob why you should avoid these distractions start consuming your time and energy on productive things. Sky’s the limit for what you can do! KEY TAKEAWAYS Unnecessary Debates. Stop arguing about stuff that you really don’t care about. These debates could turn into heated arguments and ego-match. Get out of it so you don’t waste your time and energy. Purposeless social media. Use it properly. Use it for your business, brand, and community. Criticizing others. What do you achieve in your life? How does it help? Look at your flaws first before looking the other way. Try to understand them where they’re standing. Being busy but unproductive and inefficient. Preserve your energy and don’t throw it away on being busy. There are so many things you can do. You can have 10 hours in a day consumed but only 30 minutes of income-producing, high-quality result area of work. Blaming, complaining, defending, and justifying. It feels good blurting out the stress and all but if you get into that pattern, try to interrupt it. We can get into a victim mode and make it into a pity party. Use time and energy for something more productive. It is not productive and proactive. Excuses suck you back into the drain of energy rather than propelling forward to the solution. Hate, jealousy, and envy. Yes, it is natural to feel human emotion. We feel it because there’s a void in ourselves we have to fill. Live to your full potential and believe that you could do better. Start with loving yourself! Stop comparing yourself to others. Self-doubt. Understand that each of us is unique and special. Stop comparing yourself to others. You’re going to excel and reach your peak if you stop doubting and start believing in yourself! BEST MOMENTS “The truth is… we have a finite, limited amount of energy. And that energy is easily wasted and burned on things. In fact, the negative and the frustrating stuff can burn a lot more energy. So, whenever you preserve by saying, ‘I’m not doing this!’, you’ve got a great reinvestment for that.” “Excuses suck you back into the drain of energy rather than propelling forward to the solution.” “With things like addiction and genuine problems, the first step is accepting and being aware that you have a problem. And the second step is knowing that you can change it.” “A hate for others is the lack of love for oneself.” “The way you don’t have hate, jealousy, and envy for others is by loving who you are and knowing that you’re worthy of love.” “No one is as good as you at being you.” VALUABLE RESOURCES “You will never reach your destination if you stop and throw stones at every dog that barks.” ― Winston S. Churchill 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 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 LinkedIn

Welcome another episode of The Money Podcast. In this episode of the Money Podcast Rob analyses the business model of Panini 'Football Stickers'. Rob dives into what business means, how it solves problems, creates enterprise and makes people's lives better, easier and more convenient. Discover how to make your own business model addictive and invoke engagement from your customers. Master emotional marketing that gets your customers addicted to your product or service and get them to start ‘collecting’ to create a sense of ownership and passion, roll this into your business model and you’ll be able to ‘Know more, make more give more’. KEY TAKEAWAYS Capturing emotions and recalling memories for your customers will give your business legs. Create an ethical addiction that your customer needs to complete. Collection, create a sense of ownership and desire for your customer to interact with your product or service, time and time again. Interaction, bring your audience together and create a social interaction and buzz around your business. Ownership, allow your customers the opportunity to create and build. Give your customers an ownership, a stake or feeling of brand ownership   BEST MOMENTS “It's okay to love money, it's even better to make a fortune.” “Become the greatest person you can be, it's your human destiny and money fuels and finances that.” “Grow, fuel and finance gifts that the world needs to see from you.” VALUABLE RESOURCES https://robmoore.com/https://robmoore.com/podcast/ The Distruptive Entrepreneur Podcast - https://itunes.apple.com/gb/podcast/the-disruptive-entrepreneur/id1076679649?mt=2 Rob Moore - Money - https://www.amazon.co.uk/Money-Know-More-Make-Give/dp/1473641322/ref=sr_1_1?s=books&ie=UTF8&qid=1530197747&sr=1-1&refinements=p_27%3ARob+Moore 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 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

Welcome to the MONEY podcast In this episode Rob Moore covers 5 options to look at our career lifestyle and ventures. Rob takes us through these options with flare, fire, and enthusiasm, talking us through the possibilities of quitting our comfortable positions with optimism or, staying as we are and being contented with our career as it is. So be prepared to wake up and hear something you have thought about but not had the courage to do, until now. KEY TAKEAWAYS (0.41) In this introduction from Rob, he examines how we can overcomplicate our thoughts on ventures when as he explains it can be quite simple. The options he gives, for example; is taking a year’s sabbatical from our present employment with a possibility of returning to that company if things do not work out as expected. He goes on to cover other ideas that may well suit our needs and we just haven’t seen how simple it could be. (02.20)The first option covers if we like to follow a system, and we like safety and security, and we are happier being followers than leaders. Rob re-assures us there is nothing wrong with this. He suggests we should align with an organization that matches our values. We will be better working with an owner or leader that inspires us. (03.10)In the second option Rob impresses on us that if we are working in a company with the wrong leadership i.e. manager, boss ,we should not feel pressured into thinking we must quit and go out into a venture as a entrepreneur. He appraises what could be a better choice. (04.48)The third option is “Yes you should quit your job, yes you should set up your business” however, you do not want to jack it all in. Rob reviews the way we can consider which is the best method to set about an action plan to become an entrepreneur, he urges us to set a time frame for both finance and startup date, he tells us how it can lift us up from our work and helps us to feel pride and get back from life what we want. (07.10) Option four This choice Rob reveals to us is the riskiest and that is to “Quit now” Rob assures us that for some types of people this is definitely the right thing to do, he does not advice us or tell us this is what we should do, he points out that if we are desperately unhappy in our lives either work or relationships it is not worth it, He goes on to tell us there is a better way and an alternative route to take. (08.43)Rob’s fifth and last option is definitely not something he recommends. However he chooses to share some experiences he has encountered in his career with us, and perhaps jogs some memories of what happens in careers, and how it can turn out to be a blessing.   BEST MOMENTS Rob reminds us “our culture is very free, we give people autonomy, we don’t just fire people if they make mistakes” Rob tells us “Magic happens when you have accountability “accountability means results if we set a time and date and the date doesn’t work out it just means we need more time. On leaving your job Rob says “ I am not saying it’s going to be easy there are going to be different challenges, but I feel you will look back in a year or two’s time to maybe say why didn’t I do it sooner?” Rob summarizes his Five options If you are in the right job for you, then it’s OK to let go of a dream you have. Get a different job in a better organization that allows you progression Set a date in the future and commit to matching a certain level of income Quit now for those of you who have been saying it for years Is not really an option! ABOUT THE HOST Rob Moore is a 5x best-selling author, a public speaker, an entrepreneur, property investor and a Guinness World record holder among others. He is the co-founder of the Progressive Property and the mastermind of ‘The Disruptive Entrepreneur’ and ‘Money’ podcasts. CONTACT METHOD Website (http://www.robmoore.com/) Facebook https://www.facebook.com/robmooreprogressive/) Twitter (https://twitter.com/https://twitter.com/robprogressive)

Why most people have a problem with receiving money? Why some people are afraid of asking for more money? Rob talks about the value that you exchange with money, why money isn't good or bad and why you get what you attract.