5 Ways to Have a Healthy Relationship With Money

The Money Podcast

By Rob Moore

5 Ways to Have a Healthy Relationship With Money

Wednesday, 24 July

After being asked by GQ to write an article on money Rob reads directly from the article in the latest episode of the Money podcast. Entitled ‘Five ways for you to have a healthier relationship with money’, Rob details five specific ways for everyone to regain control over their finances. Whether it’s the fundamental rule of not spending more than you earn or ensuring that you don’t use money as therapy Rob talks through the fundamentals of money. If you need to take control of your finances, and learn to have a healthier relationship with money this is the episode for you.   Key Takeaways Never Spend more than you earn. This is the golden rule of money. You will be forever a slave to money if you continue to spend more than you earn. You will drown in debt. Make sure to pay yourself first on the day that your wage comes in. Aim to save and increase this month on month when you spend less and earn more. Use Money as a Reward not as Therapy. Many people use money as a celebration of small things like a holiday you can’t afford and then on the other end of the spectrum people use spending money as therapy. Neither of these are healthy. Make sure you have a healthy relationship with money where you celebrate proportionally when you do have success, and your not trying to find self-worth from money itself.   Your Worth More. You are likely worth more than you think. You must honour that value however. Create value and a fair exchange rate mechanism. If your fees are too high you will feel guilt if they are too low you will have low self-worth. First, give extra value then be bold enough to ask for fair exchange in return. Have a Love Affair with Money. Money has no emotion, it’s a-moral, its neutral. It’s a unit of measurement. You can choose to give lots of money away. It’s humanity which adds the emotion to money, not money itself. It’s ok to love money.   Save, Invest, Spend. When you have no savings or investments you will be in financial ruin. Security is what you are after with money as this makes you more calm and able to make better decisions. Make sure you save and invest a portion of your salary before you spend what is remaining. Money, health and happiness are unrelated to money but it’s a choice.   Best Moments ‘Money makes a great servant but a terrible master.’ ‘Pay yourself first.’ ‘Money is an enabler of things you want.’ ‘Avoid using money as a ‘Care for yourself without using money.’ ‘Money will only paper of the cracks.’ ‘Self-worth equals net-worth.’ ‘Peoples put their own value on money.’   Valuable Resources I’m Worth Moore - Rob 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/ LinkedIn - https://uk.linkedin.com/in/robmoore1979 YouTube - https://www.youtube.com/channel/UCLtKal0qTf3klDUr7JS_L9Q See omnystudio.com/listener for privacy information.
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