The Money Podcast
The Formula For Wealth (Live)
Wednesday, 10 July
‘Unless you’re making 5 million or more per year, you should still take learning from this formula.’
In this episode of Money Rob explains the formula for wealth that he learned from when he was in debt and still uses now.
Listen to this episode to know how you can apply this formula to yourself in order to grow, start or expand your business…
My book money originated from me being in debt.
This formula is the architecture behind all value creation, medium exchange and transactional value.
W = V + FE x L is my formula for wealth and it works for all forms of businesses. Unless you’re raking in over 5 million pounds a year, there’s still more to learn in this formula.
WEALTH = VALUE
You can do good work but if the world doesn’t get the value of that good work then you’re not going to grow your wealth.
You have to put the value out first and consistently in order for the world to see it.
+ FAIR EXCHANGE
There are two extremes, these are both unfair exchange. The middle of these extremes is 'fair exchange'. Fair exchange is not overcharging or undercharging for value.
It’s so easy and quick to interact and connect with your customers now that if you don’t know what their problems and pains are then you’re just not watching or listening.
Leverage is how many subscribers, followers, fans, buyers, users, data etc… have you got? All of these have a monetary value.
There’s all sorts of leverage, time, money etc… but that’s a whole another talk.
‘Know more. Make more. Give more’.
‘Value is a balance of doing good work and showing it to the world.’
‘No one’s going to go and see artwork in the dark.’
‘Users have value.’
‘I think the best asset you can invest in is your personal brand.’
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”
Rob’s official website: https://robmoore.com/
See omnystudio.com/listener for privacy information.