5 Brutal Money Lessons

This recent budget should warn you that your pension is not safe and secure and they're coming for your inheritance. Do you even know how much is in your pension or where your pension is invested? Add to this the recent inheritance tax grab on your pensions and the risk of a market crash. You probably didn't know this and I didn't until recently, but physical gold can be added to your pension pot. Gold is inheritance tax free and has grown 700% in the last 20 years. You probably know from my content I'm investing heavily in silver and gold and that's why I've partnered with direct bullion. Myself and Nigel Farage are brand ambassadors and direct bullion can help you with gold to protect and grow your pension. I buy my gold and silver from direct bullion and I don't earn any money on any purchases of gold or silver if you buy direct from direct bullion. So if you go to robmore.directbullion.com you can get a great price on your silver and gold and you can get the Pension Gold Investing Guide completely for free. As you know, I don't do many strategic partnerships and when I do I do them with people who are credible, who've been doing it a long time, who invest in things that I invest in too. And gold and silver's going wild. I'm investing heavily in gold and silver and I recommend you check out robmore.directbullion.com. It took me 17 years to learn learn these five brutal lessons around money that I'm going to share with you in less than 17 minutes. And the fifth one is the most brutal because it's how the banks control you and consume from you. Number one, money isn't everything, but everything is better with money. People often say to me, Rob, there's no point being rich if you are not wealthy. There's no point having money if you are not happy and healthy. The first thing I need to say about that is no rich person has ever seen said that to me. It's always broke people. The second thing that most people don't understand is that the word wealth originates from weal and weal W E A L means well being. If you actually take time to study history, you will see that the people who live the longest therefore must be the most healthy are actually the most wealthy. They are the kings, the lords, the upper class and the rich. It is statistically and historically proven that the more money you have, the more healthy you're likely to be and the longer you're likely to Live now. Think about it logically and with common sense. Of course, if you've got more money, you're going to be more healthy and live longer. You can buy nice expensive organic food. You can take all the nice expensive supplements. You can afford one to one personal trainers and chefs and dietitians. You can afford emergency operations, you can have private health care, you can avoid disease ridden locations and you can spend your money to reduce your stress. Money isn't everything, but it's better with seven supercars. I, I know because I have seven. Money isn't everything, but it's better with 340 properties. I know because I have 340 units. And by the way, I've been broke and I've been rich. So before you go and knock being broke and saying that money isn't everything and money doesn't make you happy, at least try and be rich first so you can compare it to being broke. I tip big and it makes me feel great. I have funded many emergency operations from people that otherwise would have died and that makes me feel amazing. And you can't do that when you're broke. So as Floyd Mayweather says to me, money doesn't make me, I make my money. Number two brutal lesson about money is that you need to pay yourself first instead of your bills and the banks. So I first learned this in the Richest man in Babylon written over a hundred years ago. Pay yourself first. Now most people say to me, well, I can't because I've got all these bills and these loans and this interest. But by paying all those first, you're accepting the little to nothing that's left. Whereas if you paid yourself first, which means you either saved or invested a portion of your earnings, even if you start with just 5%, then you're guaranteed that at least 5% of what you earn you're going to keep and not give to the banks and the government. Because how you do anything is how you do everything. To start, it doesn't matter how much you pay yourself first, 5%, 1%, or any gift, overtime, commission or bonus you might get within the month, pay it to yourself. In 2006, I was £50,000 in debt and I was paying thousands of pounds a month to everyone else first. And I was left with nothing. Five credit card companies, a car loan company, a mortgage company, they all got my money and I was left with debt. The first time I ever paid myself first, I believe it was about £50. It was virtually nothing, but it got me started and now I refuse to pay anyone else until I have been paid first. I got paid £96,000 the last day. I paid myself. I don't wait a month to pay myself. Now, this is not being greedy or being selfish, this is being smart with money. Now, for those of you that are paying the government half of your money first and you get what's left, you need to make sure you follow this channel because I've got a lot of content on how to pay your first and how to avoid taxes. Number three, you do not get rich saving money, you get rich in investing money. Your parents and school taught you to save money in England. They say save the pennies and the pounds will take care of themselves. That's a lie. The banks lure you in with clever marketing that they care. So you deposit your hard earned savings with them. Obviously nothing to do with them lending it out by a factor of 10 and making profit on your savings and you taking the risk and them getting the reward. Obviously nothing to do with that. You lose money saving money. In 2020, inflation got to double digits, yet interest was barely over zero. You were losing at least 10% of your money in 2020 and 2021 and 2022. And even as interest rates went up and inflation came down, you are still losing money, leaving it in the bank and you are risking your money. People say to me, oh, but Rob, it doesn't matter because I've got the 85,000 pound insurance by the banks. Well, let me tell you a couple of things about that. Number one, has that been tested? Do you want to be the first person that this is tested on? Do you really think insurance companies love to pay you first? Do you really believe that the insurance companies won't do whatever they can not to pay? The second thing is this 85,000 pound guarantee, which has not been tested, is not per bank, it is per banking group. Do a quick bit of research and see how many banks RBS own. You may have your money in three or four different banks, but they're all owned by the same banking group. And so your apparent guarantee that hasn't been tested is not 85,000 pounds per bank, it's 85,000 pounds across all four banks. This recent budget should warn you that your pension is not safe and secure and they're coming for your inheritance. Do you even know how much is in your pension or where your pension is invested? Add to this the recent inheritance tax tax grab on your pensions and the risk of a market crash, you probably didn't know this and I didn't until recently, but physical gold can be added to your pension pot. Gold is inheritance tax free and has grown 700% in the last 20 years. You probably know from my content I'm investing heavily in silver and gold and that's why I've partnered with Direct Bullion. Myself and Nigel Farage are brand ambassadors and direct bullion can help you with gold to protect and grow your pension. I buy my gold and silver from Direct Bullion and I don't earn any money on any purchases of gold or silver if you buy direct from Direct Bullion. So if you go to robmore.directbullion.com you can get a great price on your silver and gold and you can get the Pension Gold Investing Guide completely for free. As you know, I don't do many strategic partnerships and when I do I do them with people who are credible, who've been doing it a long time, who invest in things that I invest in too and and gold and silver's going wild. I'm investing heavily in gold and silver and I recommend you check out robmore.directbullion.com this recent budget should warn you that your pension is not safe and secure and they're coming for your inheritance. Do you even know how much is in your pension or where your pension is invested? Add to this the recent inheritance tax grab on your pensions and the risk of a market crash. You probably didn't know this and I didn't until recently, but physical gold can be added to your pension pot. Gold is inheritance tax free and has grown 700% in the last 20 years. You probably know from my content I'm investing heavily in silver and gold and that's why I've partnered with Direct Bullion. Myself and Nigel Farage are brand ambassadors and direct bullion can help you with gold to protect and grow your pension. I buy my gold and silver from Direct bullion and I don't earn any money on any purchases of gold, gold or silver if you buy direct from Direct Bullion. So if you go to robmore.directbullion.com you can get a great price on your silver and gold and you can get the pension Gold Investing Guide completely for free. As you know, I don't do many strategic partnerships and when I do, I do them with people who are credible, who've been doing it a long time, who invested things that I invest into and gold and silver's going wild. I'm investing heavily in gold and silver. I and I recommend you check out robmore.directbullion.com Bet you didn't know that. Now I'm not saying don't save any money. I'm saying saving money doesn't make you rich. I'm saying that saving money loses you money. So the only reason that you save money is to stop you spending it so you can build up enough to then invest money. Invest in real estate investors, invest in your personal brand, invest in good funds in the stock market, invest in cryptos that you've researched properly and invest in silver and gold. I'm very excited to announce a special long term partnership with Direct Bullion. People must ask me hundreds if not thousands of times where I buy my gold and silver. How to buy gold and silver? Can you buy gold and silver in your pension? Many people know from my content. I'm a huge fan of real money. They call gold God's money. So if you'd like information on investing in gold and silver, knowing where to invest, how to invest and how to invest gold and silver into your pension, which is huge, go to robmore.directbullion.com I get my gold at under spot price. This is not an affiliate deal. I won't earn anything on any of the gold or silver you purchase. I've got a special deal where I get a good price on my gold and silver and I've also got a very special deal for you, my loyal listeners and subscribers. Spot price or better@robmore.directbullion.com if you'd like to make, manage and multiply more money and build multiple streams of recurring income, and you'd like to meet one billionaire and at least seven millionaires face to face, I recommend you join us at an upcoming money Maker summit. The link is robmore Live Money. Now, you need to be quick because we don't run many money maker summits throughout the year and we Keep relatively small numbers. 150, 50 people, sometimes 200, sometimes less. You'll learn the strategies and tactics to get your tax bill down, your income streams up, start and scale your business, make, manage and multiply money. And if you upgrade to the VIP tickets, you'll be able to have dinner with multi millionaires. You'll be able to get champagne reception Q and A sessions with multimillionaires. And whilst I do occasionally offer some subsidized tickets, there's just small upgrades for these special VIP tickets. So go now at robmore Live Money number four. Yes, money compounds up over time, but it compounds faster and deeper and worse in debt. I was outraged. I went to a Sports shop with my son and daughter and my son picked up these pair of trainers and he showed me and inside the trainers was an advert for buying these shoes on credit at 39% interest, marketed to children. The banks are clever. They hook you in with a pair of trainers at 39% and before you know it you've got a house, a car, conservatory, you're buying all your clothes on Klarna and you are paying thousands of pounds a month in debt and you are trapped and that debt is getting bigger and bigger and bigger. The interest you get in the bank at the moment is less than 5%. It's going to take a long time for 5% to compound up and double and triple and quadruple your money. But at 39% interest it's not going to take very long for you to be in masses of debt that you can never get out of. That's why when I got to £50,000 in debt, five credit cards, a mortgage, a car loan, I said to myself, this is enough. I was paying thousands of pounds a month in interest and debt. It wasn't that I couldn't earn money, it was that all the money that I was earning was going to the banks, which is exactly how they want it. So I took my highest interest credit card and I hustled day and night, did overtime, got commissions and bonuses and I paid that card off as quickly as possible. Then I picked the next highest and the next highest and within one year I'd wiped off 50 grands worth of debt which was costing thousands of pounds a month. When I'd wiped that out, I had thousands of pounds a month freed to invest in myself. And in my first year as an entrepreneur in 2006, I earned 100 grand a year. Clear. Fast forward to now. I do more than 20 million a year in sales and I have a seven figure income from my property portfolio and I do not have bad debt. Number five, if you do not have a product that makes money, you are the product for the banks to make money. When you produce a product or a service, you are making money. When you are on social media finding clients, you are making money. When you are creating content, you are making money. When you are selling information or consulting, you are making money. The biggest businesses and entrepreneurs in the world produce the highest volume of products and services and the highest value products and services. However, if you're scrolling and swiping on social media you are being productized and monetized by the social media companies, the big tech companies and the banks. The longer you are online consuming, the more money you're making for big tech and the central banks. If you're flicking and clicking, you're being monetized. If you're creating your cash flowing. I probably spend 90 minutes to two hours a day on social media and it makes me millions. I do not even spend 1% of my time consuming. And I've got a quick bonus one for you. And this is the one that the billionaires do not want you to know. You actually do not get rich making money. You get rich saving tax. Imagine giving away 70% of everything you earn and spend. How can you get rich giving away 70% of all your money? Well, that figure is the reality of what you earn and what you spend that is taxed at source or taxed on purchases. This is what you pay. So the problem with earning more is you're just making more money for the banks and the governments. So sooner or later rich people learn that the biggest income generating task is to not make more sales and money for the banks and the governments. But to get that 70% tax down to 20% or even 4% like the billionaires do. Now, there's only one way to get your tax bill down. It's not a scheme, it's not a scam, it's not going to another country. There's one way. So make sure you follow this channel right now so you can learn how to do this. And what money subjects would you love me to talk about? And remember, money doesn't make you happy. Said no millionaire ever. If you don't risk anything, you risk everything. This episode was brought to you by Disruptive Media, helping bold entrepreneurs stand out through podcasting, video and social content. Visit disruptive media.co.uk to learn more. This episode was brought to you by Disruptive Media, helping bold entrepreneurs stand out through podcasting video and social content. Visit disruptive media.co.uk to learn more.