In this YouTube monologue, Rob Moore outlines three financial mistakes he believes people should avoid to build wealth and achieve financial freedom. First, he warns against keeping money in banks, arguing that deposits effectively lend money to an insolvent government and banks that offer no guaranteed return, especially in a high‑inflation, low‑interest environment, resulting in a negative real return. Second, he advises against lending money to friends and family because mixing personal relationships with financial transactions can damage relationships and carries high risk, unless the loan is collateralised or given as a gift. Third, he cautions against using precious capital to purchase new depreciating liabilities (e.g., cars, furniture) and recommends buying used items or financing such purchases with income generated from appreciating assets. He defines appreciating assets as those that increase in value or generate cash flow, such as real estate, businesses, digital assets, stocks, and personal development. Moore emphasizes investing in oneself as the best return and promotes his paid membership platform, rob.team, positioning it as a low‑cost, high‑return investment in personal education and income‑generation skills. The video concludes with a call‑to‑action to join rob.team and an invitation for viewers to discuss other financial no‑nos.
Chapters
Never ever do these 3 things with your money. If you follow these 3 rules and never do these 3 things, these big 3 mistakes, then you will probably at one point in your life become wealthy or even financially free. The first thing you should never do with your money— drum roll please— is to leave it in the bank, which is essentially lending it to the government. Right now, the government are in absolute turmoil. Most of the senior members of government are resigning and walking out as a show of no confidence to our Prime Minister. Honestly, it's madness. And leaving money in the bank is essentially lending money to the government. The government are insolvent. They are. They've made it legal for themselves to be insolvent. But the government are insolvent because they're year after year in deficit. They're trading insolvently, but they're allowed to do that. But you as an entrepreneur are not. Now, forget me ranting about the government. If you leave money in the bank, then you are buying into the banking scam of using your money with no guarantee. Do you know you don't own your money in the bank now? The, um, the banks promise to pay you back if they can, which means there's no promise to pay you back. So that money that you think you've got in the bank, you haven't got in the bank. It's only if the banks are solvent and liquid to pay you back when you request it. And right now in this financial revolution, they may not be that. Of course, inflation is really high, interest rates are low, though they're going up. So your net return on money in the bank is probably minus 10% plus, which is utterly bonkers. You might as well just take these and burn them. So the first thing you should never do with your money is leave it in the bank, essentially lending it to the government. The second thing I believe you should never do with your money is lend it to friends and family. Now, if you need money, could or should you borrow it from friends and family? Well, that's different because the risk is always on the lender. Well, actually, if there's good collateral, it's also on the borrower. But if I were you, I wouldn't lend your money to friends and family because, you know, business and pleasure often don't mix, and you could end up losing the relationship. And usually friends and family aren't savvy with money and in business. Now, if you want to give people money gratefully to help them because you're a kind person, then of course that's different. But what I would say is don't just give your money away, you know, maybe have people earn the money that you give them, whether it's your kids, um, etc. So second, um, never do with your money is lend to friends and family. The third thing you should never do with your money is put capital into depreciating liabilities. And well, look, you have to buy some things that go down in value. You need a sofa, you probably need a car, you certainly need food, etc. You've got to live, you've got to travel. But over and above basic necessities, don't take capital that's precious and takes you years to, you know, obtain and keep Don't then go and chuck it into new liabilities that go down a half or a third in value in 1 or 3 years. So try and buy secondhand or used liabilities, or try and use income from assets to spend on depreciating liabilities, because the income keeps coming in and in. The thing with capital is you've got to preserve it because you've only got capital once. You hold that capital, maybe you put it down as a deposit for a house or you buy a car, then that capital is gone. Whereas if you have income-producing assets, the income comes in, you spend it on the liability, more income comes in, you spend it on the liability, more income comes in, you spend it on the liability. So you've got to preserve capital and not put capital into new depreciating liabilities. So let me know what you think. Are there any other areas that you believe you should never spend your money on or never do with your money? Maybe many altcoins or cryptocurrencies or shitcoins, maybe some people might say that you should never put your money into that. So quick summary, 3 things I believe you should never do with your money. Number 1 is leave it in the bank because essentially that's lending it to the government who don't guarantee it and don't give you a return, and inflation is wiping it down. Number 2, don't lend to friends and family. Give by all means as long as you can afford it, but lending to friends and family can cause issues. Now, would I borrow from friends and family? Yes, with security and endeavour to pay them back over and above. Okay, and then number 3, don't spend capital, precious capital, on depreciating liabilities, especially new depreciating liabilities, because new liabilities go down much harder than used liabilities. If you've got to buy things, buy them used, secondhand, nearly new, when the depreciation curve is off the cliff. Okay, now what you should spend your money on, by the way, is appreciating assets. So there's depreciating liabilities and then there's appreciating assets. So an appreciating asset might be real estate, might be your personal brand, might be a digital asset, might be stocks, etc. Um, and probably the best appreciating asset— the two best ones I think are one, a business And I think an internet business, an online business, you know, information into income, content into cash flow— I think that's a great, great, um, asset appreciating. And then also yourself, because you are your best asset. Invest in yourself wisely, you pay yourself the best return. Because if you think about it, the more you learn, the more you earn. So if you'd like to build yourself as an asset so you know how to generate recurring and residual income in multiple streams Go now and join rob.team. Rob.team is my members area. It costs one-third of Netflix, and it costs less than Costa Coffee's most expensive coffee. That's how much of a bargain it is. Um, and you can cancel any time. There's no contract, and you've got years worth of information to teach you to start a business, to scale a business, to get better financial education and knowledge. To create multiple streams of recurring income, digital income, online income, and to turn yourself into an asset and change your money habits, your mindset, your skill set, your strategies, and your tactics to produce income. So here's how you join Rob.team. Open up a new window, a new page on the internet. Do it now. And then type in R-O-B dot T-E-A-M. That's R-O-B team. I believe Rob.team is an appreciating asset because the more you learn, the more you earn. I believe that you are your best asset. Invest in yourself wisely because you pay yourself the best return. And investing in Rob.team for one-third of the price of Netflix, it's not an investment in me, it's an investment in you. So let me ask you this: are you worth a cost of a cup of coffee once a month? Are you worth that? 'Cause here's the thing, people say their skin, but they're going on holiday. People say their skin, but they're putting, you know, cosmetics and they're injecting their lips and Botox and everything else. So no one cannot afford, it's just what's important to you. So is your knowledge and you as an asset important to you? 'Cause if it is, invest in yourself right now and go and join rob.team. It's just the cost of a large coffee, you can cancel anytime, there's no contract. It's one-third of the cost of Netflix. It's an online portal, a members area to help you create multiple streams of recurring income, digital income, online income, build assets, and turn yourself into an asset. Because the more you learn, the more you earn. So open a new page on the internet right now. Do it with me, super quick, and just type in rob.team. Rob.team. Go and join right now, and you could gain immediate access to hundreds of hours of content. Because do you know, your mind is probably the best appreciating asset that you have. But, um, unless you appreciate something, it doesn't appreciate. What you appreciate appreciates, and what you invest in gives you a return. And so you should be investing in yourself as much as you should be investing in assets. And that's why Rob.team is great. And the return on investment on Rob.team is probably infinite because it's the cost of a large coffee, uh, and you know, you could make hundreds, thousands, or maybe even more, who knows. Steve Goodwin has said here Rob.team is the best investment you'll ever make. Thanks, Steve. So go and join now by opening up a new page on the internet. Immediate online instant digital access. It's like having a university at your fingertips. Just type in rob.team in a new window right now and I will see you there. You've got about 30 seconds to do it. And I'm just going to do a quick summary. And by the way, please let me know what you think in the comments. I always engage in the discussion, as you know. You see me making hundreds of comments. So never do these 3 things with your money. 1, leave it in the bank because essentially you're lending it to the government with no guarantee of getting it back, and inflation is eroding it away. Number 2, never lend it to friends and family. Give it to them by all means, but be careful of mixing family, friendship, and business. And then number 3, don't invest or spend your capital on depreciating liabilities, especially if they're new. Use income from assets to pay for depreciating liabilities, and they essentially become free because the income is recurring and residual. They're my thoughts. Let me know what you think. About any other things you shouldn't do with your money. I'm open for the discussion. I love to learn together as a community. And if you want to build those recurring income streams, then go and join rob.team right now. Just open up a new page on the internet and type in rob.team. I'll see you there in the members area. We've got live masterclasses every 1 to 2 weeks. We've got live events. We've got Make Cash Challenges, 10X Your Social Media Following Challenges. Special events. You get premium VIP tickets and upgrades online and physical events. You name it, it's there. Interviews with billionaires. It's all in rob.team. I'll see you there. Hit the share button. Let me know other areas you believe that we should not be touching with our money, our precious money. And remember, if you don't risk anything, you risk everything.
