Never Give Cash to These 3 People ⛔️
In this video, Rob Moore warns viewers against giving cash to three categories of people: the homeless, friends/family (including children), and individuals with a history of bad debt or poor credit. He argues that cash handouts to the homeless often worsen their situation and advocates providing food, shelter, and education instead, citing his Rob Moore Foundation’s work. He cautions that lending to loved ones can damage relationships, suggesting non‑loan support and encouraging children to earn money rather than receive pocket money. He also advises avoiding giving money to people who have demonstrated poor financial habits, as past behavior predicts future outcomes. Moore emphasizes the importance of securing loans with a first‑charge (asset‑based security) rather than informal agreements, likening it to mortgage lending standards. Throughout, he promotes his subscription‑based education platform, Rob.team, which offers courses, masterclasses, and a community to teach investing, asset acquisition, and multiple income streams, positioning it as a low‑cost solution for protecting and growing cash in an inflationary environment. The video concludes with a call to share the message and join Rob.team.
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Warning: never give your hard-earned cash to these 3 people. Right now, inflation is eroding your cash. Your mortgage rates are going up and up and up. Your living costs are going up and up and up. Your tax is very high. Your spending power is the lowest it's been since the Second World War. Fact. So you do not want to be giving your hard-earned cash to these 3 people. Now, the second one is actually 3 different types of people, and the third one is the one that's probably the most relevant to most people looking to protect their cash and invest their cash. But the first one, which a lot of people argue with me about, by the way, is the homeless. Now, I really do not believe we are helping the homeless if we give them cash, because the thing is, if they knew how to manage cash well said with the greatest love and respect, they wouldn't be in the position they're in. Now, they may have some really unfortunate situations and upbringings in their life that they can't help, because you can't help where you're born. But, um, unfortunately, yet they haven't got the lessons to manage money. And if you give them money, unfortunately, that's likely to go where the rest of their money went. So you think you're helping them, but you're not actually helping them, you're hurting them. So instead of giving the homeless money, maybe you could start giving them food, shelter, and education. I actually don't think there's a problem of money in the world. I think that there's more than enough money for us all to be multi-millionaires. I think there's a lack of education in the world. There's a lack of helping people from underprivileged backgrounds turn their life around. And so, um, Giving the homeless money doesn't actually help them, it hurts them. Give them food, give them shelter, or best of all, give them education. The Rob Moore Foundation was set up to help young and underprivileged people start meaningful businesses that change the world. And so I use my foundation to help people, to educate people. Yes, I give them donations and money, but actually, good point there, Gmail. Um, you can end up making the situations worse. Okay, let me know what you think about that, by the way. Okay, number 2 people to never give your, um, hard-earned cash to is friends and family. Now again, a lot of people struggle with this because in a way, your friends and family are the ones that you love and they're the ones that you want to help. But your friends and family will probably take liberties will probably not give you guarantees, will probably not pay you back when they should, will take you for granted, etc. And this can cause a really bad relationship with you and your friends and family. So the thing with friends and family is if you want to help them, then don't loan them money, help them. Or don't loan them money Give them money, give them a donation, a step up, and a support. But as soon as it becomes a loan, well, then you've got, um, paybacks, interest charges, defaults. It does break relationships. Exactly. The thing with this as well is if you want to make sure that you get your money back, you need a first charge. And so if your friends or family don't pay you back and you have a first charge, then the only way to get your money back is to repossess, which can make them bankrupt, and that would be a pretty messy thing in your relationships. Okay, the next thing then, um, which is the same part, it's still part 2, is your kids. Now a lot of people disagree with me on this, but everyone's entitled to my opinion. Um, but if you give your kids money, you're teaching them that they don't have to earn or work for money, and they'll, they'll grow up to to be dependent and juvenile and assume that people will just give them handouts. Now, yes, some people do get handouts in the form of universal credit and benefits, but really that's only for people who can't earn their own money. But for everyone else, we work and we offer value and we create fair exchange. And the more we learn, the more we earn, and the more we, um, produce and create and disrupt and innovate, the more value we offer to maximum amount of people, the more money we make. So instead of giving your kids money, have them earn money. Have them, um, do jobs. Have them offer value. Have them solve problems. The bigger problems they solve, the more money they're going to make. But they don't solve any problems by getting given money. This is why I don't give my kids pocket money. I give my kids the ability to earn, and I think that's far better than giving them money. Okay, and then the third type of person you should not give money to— and this is a big one, by the way— And my friends in America see this very differently, and this always fascinates me. I'd love your thoughts on this one. Don't give money to people in bad debt and people with a bad credit history and people who are previously experienced at being really bad at money. Like, if you knew someone who was a compulsive gambler, would you give them a load of money? You probably wouldn't. If you knew someone who was a compulsive drug addict, Would you give them a load of money? You probably wouldn't, but people seem to give money to people who've been bust and bust again. I don't really understand that. Some of the Americans say, well, you know, they're proven to take risk, but actually, if they've got a history of losing money, doesn't the past usually dictate the future, and aren't they therefore likely to lose future money? And if people are bad with their money, they're going to be even worse with your money. So why would you give people who are bad with money and in bad credit loans? Why would you do that? I don't know. Now, many people are looking to invest in assets and people because they don't know what to do with their money, and they know that cash is going down in value. Um, so I would say to you, if you're gonna borrow, um, lend your money, and if you're going to invest, make sure that you do diligence on the asset but diligence on the person. Make sure you get first charge, your ultimate security, so if something goes wrong, you you are left with the asset and not the debt. And if you've researched the asset properly, researched the person probably, properly, got major security like first charge, second charge not really good, personal guarantee may be better but sometimes not that good because some people don't, they just keep going bust and don't give a shit about personal guarantees. So really it's a first charge, it's owning the asset. If there's a default, that's the security that you want. and in that instance you've got a bit of control investing and lending your money. Because even people in my communities who've been taught by us how to do partnerships and joint ventures and invest and lend and borrow money, they do it on a piece of paper, or not even a piece of paper, or on a handshake, and that is terrible. First charge always. Hardcore full security ownership always. Would a mortgage lender lend you money with a standard loan agreement? No. Would they lend you money on a handshake? No. Would they lend you money on a second charge? No. Would they lend you money on a personal guarantee? No. They would lend you money on a first charge. They, they own the asset if you default. And if you do that, then your investments will at least be protected and actually might do well because there's accountability to the person you've lent the money to. But that's a nightmare with friends and family because it makes it all a bit official and can feel a bit nasty, and that's why it's probably best to avoid lending to friends and family or giving your money to them. Now, if you just want to be generous and give money away and you let it go, then that's your prerogative, of course. But if you want to learn how to invest properly, learn how to invest in assets that produce recurring income, protect your investment, learn to invest in hard assets like real estate, and learn how to do it properly and get the security and the charge learn how to protect your cash from depreciation and invest in assets for appreciation, start and scale your business, create multiple streams of income, I recommend you join Rob.team. Now Rob.team is my private members area. It's a global education platform, instantly downloadable online, takes you just a few seconds to join, where you can learn, earn, and invest, make, manage, and multiply money, create multiple streams of recurring income, and build assets, digital and physical, and be in a community of movers, shakers, and changemakers, and thousands of start and scale-up entrepreneurs just like you. There's courses going back since the start of lockdown, hundreds of hours. You can join for less than 20 pence a day, no ongoing contract, and you can cancel any time. And I did this deal instead of charging hundreds of dollars for every course, because some of them are 2 or 3 hours long, some of them are 10 hours long. Deep dive masterclasses. But instead of charging hundreds of dollars for each course, I thought, well, why don't I just charge a very small subscription? My benefit will be I'll go for global mass scale, get, you know, make my money through having tens of thousands of members, and I'll pass all the savings on to you. And I did this at the start of lockdown. So open up a new page on the internet right now to join and type in rob. Team. Rob.team. Go join right now for the cost of a large coffee. You can cancel anytime, no ongoing contract. Hundreds of hours content going back years. There's the 9-module, 10-hour How to Invest series. How to invest in stocks, physical like property and gold, cryptos, your own business, real estate, um, watches, you name it, the stock market. So that 10-hour How to Invest series might be worth 3 to 5 years of your 20 pence a day subscription, um, less than a large coffee a month. So open a new page on the internet to join to get all of these online courses, resources, and masterclasses for less than 20 pence a day. Just type in rob.team, rob.team, because the more you learn the more you earn. And cash is going down in value, so you need to protect it. Protecting your cash is by investing it. But there's a lot of opportunities out there, and how do you know if the person's right, if the asset is right, if the opportunity is right, and if the time is right? And you need to get all these things right if you don't want to lose all your cash. And Rob.team and all the masterclasses and the live events and the Zoom events and Rob Tocton can help you. So for less than 20 pence a day, cancel any time, no ongoing contract. Just type in rob.team, rob.team, into a new window on the internet right now. I'll see you in there. It's never too late to start, it's always too late to wait. Um, and you can go and consume all the content going back, um, and you can pick and choose the right masterclasses for you, whether you want to invest into real estate or start a business or protect your cash or look at other investment classes, build business income streams, multiple income streams, build your social media brand and following, turn your information into income, your content into cash flow. There's a masterclass on all of them. So see in rob.team, just type rob.team in any new web page. And remember this, In my most humble of opinion, never give money to the homeless. Give them shelter, food, and education. Never give money to friends and family because it will probably ruin the relationships and they will take liberties because you're family. Never give money to your kids. Instead, get them earning instead of giving them pocket money. Teach them how to make money and be entrepreneurial. And then never give money to people who've already got bad credit history and bad history with money. Who are in bad debt, who've defaulted before, because the past usually dictates the future. Thanks for tuning in. I hope you found this useful. Would you also mind sharing this? Because I want to help as many people as possible. Millions of people, um, around the world are getting, getting access to watch my videos a month, um, and some of them in individual videos. So I'd love to get the message out to many more people because my mission is to help as many people on this planet start and scale their business get better financial education and knowledge. So if you wouldn't mind hitting the share button, I'll be really grateful. Let me know what you think in the comments, and remember, if you don't risk anything, you risk everything.
