How to be Rich (Kids & Adults)

The Money Podcast

By Rob Moore

How to be Rich (Kids & Adults)

Wednesday, 15 April

Rob offers his help and advice to the children off school during the COVID-19 pandemic on how to become rich and lessons surrounding money, savings and mentors. Rob offers his expert advice that schools don’t offer on how to manage your money and become a successful young entrepreneur.   KEY TAKEAWAYS Never spend more than you earn and never spend more than you save. If you have a rule that you will never spend more than you earn, you will always make money each time you get paid. If you then save more than you spend you will eventually grow the money you earn and then you will grow the money that you save. Start your savings whilst you are young to allow ample opportunity for your money to increase. You need to look for work, it is always nice to receive money as a gift or as pocket money but you will never get rich solely by being given money because the world wants what is known as a fair exchange. Fair exchange is working and providing a good service to people and then getting paid fairly for it. You should aim to want to do more than you are paid to do. If you do a job and exceed the expectations of the customer you will build a good reputation and eventually get paid more. Understand that you will not become rich instantly, it will take time. If you do something well long enough, you will get rewarded. To make money you have to learn and embrace being able to sell. Selling is just giving someone something that they want to buy in exchange for money. Make sure there is a fair exchange when selling to your customers to ensure you have a good reputation in your industry. Learn to find problems in your industry, if you can find and solve those you will make a profit. Spend time with peers and mentors that you aspire to. If you surround yourself with successful entrepreneurs their traits will naturally rub off on you. They may invest in you or connect you with the right person.   BEST MOMENTS “The more money you have the more interest you earn on your money” “To serve is to make money, the more people you serve the more wealthy you become” “Anything that is too easy, is usually empty and doesn’t feel great afterwards. Don’t look for easy, go out looking for good” “You are the total of the five people you spend most of your time with”   VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   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 the 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 Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979 See omnystudio.com/listener for privacy information.
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