The Money Podcast
The BIG Secret About Wealth People Don’t Understand
Wednesday, 16 October
“I don’t believe that most people really understand the real benefit of being wealthy.”
In this episode Rob explains the most important thing that he’s learnt from being wealthy and defines the main difference between being ‘skint’ and rich.
I don’t believe that most people really understand the real benefit of being wealthy.
The main difference between being rich/wealthy and being poor is that it can bring a lot more happiness. The money itself doesn’t bring happiness.
Being wealthy isn’t necessarily about the materialistic things but more about the experiences it can bring.
When people are skint they make really bad decisions because they’re desperate and volatile. This also means that you’re more venerable to get rich quick scams and schemes.
When you have layers of wealth you have more emotional balance therefore can make better strategic and long term decisions.
Save cash, hoard capital, don’t over spend and make sure you have enough assets, cash, savings and protection so you can make smart, non volatile decisions.
If more people committed to wealth and actually learned about money, the world would make better long-term and short term decisions.
‘There’s lots of societal judgement and stereotypes about being rich and wealthy’.
‘Life would be more fulfilling with more money’
‘A lack of money creates more emotional volatility’
‘Desperation is quite unattractive to employers and potential partners.’
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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.”
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