Cash is NOT King. RIP cash 😳

Cash is no longer king. I'm sure you've heard the phrase cash is king. I'm sorry, cash is not king. RIP cash. Cash is dying. The reason that cash is dying: massive inflation, double-digit You've got the printing of money on a trillion pound and dollar basis. I believe, um, just since the lockdown, virtually the entire previous world's currency has been printed. Certainly in the last few years, they've printed so much money which devalues your cash. You also have the soaring costs of living, like you have massive increase in fuel, in food, in raw material, in energy. You have virtually low— in— well, look, they all say interest rates are going up, but yeah, going up from 0.25 to 0.5 to— I mean, they're 1%, they're still really low. So we're in this weird perfect shitstorm where cash is being devalued and devalued and devalued, yet there is virtually no interest supporting any increase in the value of cash. Um, I roughly calculated— it's fact packet, but I'm going to argue this, and correct me if you think I'm wrong— I'm going to argue that since before the lockdown, so in the last 26 months, I believe your spending power is down 20 to 25%. This stuff is all going on, and by the way, I'm going to give you a solution in a moment. Um, but to add to this, you've got cryptocurrencies and disruptive currencies and DeFi, decentralized finance, the decentralization of money and currency. Adding to this, you have the general evolution of money. Cash didn't exist 500 years ago. It certainly won't exist in 5 100 years, but it might not even exist in 50 years. Then there's the control elements of central banks and governments. If we are fully digital, then they can far more easily control the money flow, the taxing at source, the tracking and tracing of your every financial move. So all this is happening and it's real, which means that cash Cash is no longer king and cash is starting to die. So if cash is no longer king, what then is king? The answer— well, let me know what you think in the comments. What do you think the new king is if cash is not king? I'll give you a few seconds to put the answer in the comments. But behind me, you might be able to see I'm actually just doing an interview for my Disruptors podcast with one of the most disruptive people in the UK right now. Um, he is founder of Hill Helicopters. You should definitely check out the episode. He's a really interesting chap. He's basically making a £1.5 million helicopter for half a million pounds and completely disrupting the aviation market. Anyway, I just— that's what's in the background, that's what's going on. There are all the Um, here's the set that we've been filming in. Harry's taking the cameras. Anyway, cash is no longer king, my good friends. Income is king. They used to say that cash is king because, you know, whoever had the most cash won, because whoever had the most cash had the most spending power. But now your cash is going down 9, 10, 11% inflation, quantitative easing, soaring cost of living. Your cash no longer has the same spending power. In fact, do you know that your spending power is lowest since the Second World War? That's nearly 100 years ago. So this shit is real and this shit is happening. So income is now king, not cash. So the reason you have more spending power with income is because income comes in, you spend it or it gets devalued, more income comes in, more income comes in, recurring, residual, relentless. Income. So here are a few tips, by the way, on turning cash into income, or assets into income, or resources and time, if you don't have cash, into income. Number 1 is your savings. You need to get out of cash, you need to get out of the bank. You need to be liquid, of course, because you still need to pay for things, but minimum cash, maximum assets. The second thing you need to do if you're getting minimum cash and maximum assets is you need those assets to produce income. So Vanessa said diamonds are forever. I love buying watches. They're good for capital, but they don't produce income. Someone in the comments said digital assets. I love digital assets like domain names, like your personal brand, like your social media channels, like your podcasts and your YouTube channels and your online sponsor um, like cryptocurrencies, etc., like your own membership site. These are all digital assets. I actually, um, teach you how to build all these in rob.team. But digital assets are great because they produce income, but they're virtually no capital startup cost. You don't need— for example, I'm basically in a, um, an industrial factory almost here. You need a big industrial factory and loads of tooling equipment to build helicopters. Whereas to build a membership site, for example, um, all you need is an internet connection and, you know, some hosting online. With social media and content and information, all you need is some experience and knowledge. You don't need staff, overhead, premises, loans, etc. This is why digital assets are great. So try and get rid of most of your cash, but be liquid, keep what you need. Put that into assets that protects the capital because cash is no longer king. The new king is income. So then assets need to produce income, and ideally digital assets because they're lower cost, faster, and easier to set up. Then what you want to do is increase your income streams. Income streams from social media, income streams from content, from crypto, from domain names, from search traffic, from sponsors, from advertisers, from your subscription and membership sites, etc. So you build multiple streams of recurring, residual, and relentless income. So remember that the death of cash has started. I wrote the UK's best-selling book on money called Money, and if you go back far enough, cash didn't exist. And because of the increasing speed of technology, I believe that cash is already starting to die out, and you need to protect your cash because cash is no longer king. And you need to turn it into income, which is the new king. So if you'd love to learn how to do that, strategies and tactics of building multiple streams of recurring income, digital assets, faster, easier, and cheaper than physical assets, then I invite you to join Rob.team. Rob.team is my private members area, but instead of it being, um, like thousands of pounds for courses. It's just the cost of a large coffee every month because it's a monthly subscription. So I can pass all the saving on to you. Now, um, by the way, I just launched a brand new course which probably would have a $1,000 value were I selling it. I'm not selling it. It's only for Rob.team members, and it's called my How to Invest series. It's a 9-module, 10-hour masterclass. So if you'd like to join for just the cost of a cup of coffee, you can cancel anytime, then just open a page right now and type in rob.team. Open a window, a new page, just type in rob.team. Really easy to join, you can cancel anytime, and I'm on a mission to help as many people get better financial knowledge right now, and rob.team is probably the best platform certainly that I know or I have to help you do that. Because on Facebook videos like this, I can give you a bit of an introduction, or I can, you know, talk about the concept, but I can't go into the nuts and bolts, nitty-gritty, because Facebook Lives aren't for that. So for example, on the brand new 9-module, 10-hour How to Invest series, I go into the strategies and tactics and the nuts and the bolts of basically investing zero money, investing a few grand, investing hundreds of thousands or even millions. The diversification yet focus, reducing the risk, avoiding the schemes and scams, property, precious metals, watches, classic cars, stocks, gold, cryptos, you name it, it's all in rob.team. R-O-B dot T-E-A-M. Just open it in a new browser. And you can easily join and you can easily cancel, and it's only the cost of a large cup of coffee every month. So I invite you to join. It's vital that you turn your resources into resourcefulness. It's vital that you turn cash into assets, or you build digital assets if you don't have cash. You learn how to start businesses, side hustles, extra income streams, because we're in really strange times at the moment where Cost of living is going wild. The government's taxes are going up and up and up. The government don't seem to want to support people or, or small businesses. And so many people are scared and they're not financially literate and they don't know what to do. And there's people out there saying, oh, you've got to save your money because inflation is so high. You can't save your way out of this cost of living crisis. It's too high. The only way is to earn your way out. Invest your way out, to build assets that produce income, to create multiple streams of income to protect yourself from recessions, depressions, or even just frequent mild corrections. So open a new page now, type in rob.team. I'll see you in the members area. You can gain access to the 9-module, 10-hour How to Invest series I interview one of the top UK investor entrepreneurs. He's a business partner of mine and he's one of the smartest minds when it comes to investment. And you need to learn how to manage your own money. You need to learn how to invest your own money. And even if you haven't got much, you need to learn how to invest the little that you've got, because you won't get more money till you learn to manage better what you already have. So it doesn't matter how much money you have to, um, you know, consume and join Rob.team and get this How to Invest series. It matters— your behaviours, your knowledge that you can build. You know, the government aren't going to save you. No one's going to save you. The government are just going to try and get more and more of your money. So, um, you need to understand, you need to learn, earn, and invest. So I'll see you in Rob.team. Just open up a new page, type in R-O-B dot T-E-A-M. I'll see you in there. The 9-module, 10-hour How to Invest series. I've also just, um, finished the 21 Ways to Monetize Social Media Masterclass. We've got various courses that we update every Thursday, and you can cancel any time, and it's all online, and it's only the cost of a large coffee per month. So let me know what you think in the comments. Do you think that we are moving towards the death of cash? Do you agree with me that cash is no longer king and that it's income that's king? Do you think that the government are going to want to phase cash out? Do you think that this inflation and this soaring cost of living costs, you know, crisis that we're in is going to continue? I'd love your thoughts in the comments, so please let me know. Thanks as ever for tuning in. Please also do hit the share button, um, let's get this message out to as many people as we can because a lot of people don't know what to do and because they've never seen anything like this before. You know, we have Brexit, lockdowns, wars, you know, supply chains being smashed, massive inflation, massive quantitative easing, you know, got massive increases in taxation and government intervention. It's crazy times. So I think that's probably why you should educate yourself, learn, earn, and invest by opening a new page and just typing in rob.team. There's the new platform. I'll see you there. And remember, if you don't risk anything, you risk everything.